777 ‘Big Twin’ program reaches midpoint for cargo conversion
GECAS says development of first prototype is on track
0 75 2 minutes read Israel Aerospace Industries will do the metal cutting to turn this Boeing 777 into an all-cargo aircraft. (Photo: GE Capital Aviation Services)
Israel Aerospace Industries has reached a milestone in development of the Boeing 777 passenger-to-freighter conversion program, moving beyond the planning phase to physically modifying the prototype aircraft.
IAI and partner GE Capital Aviation Services, a major leasing company, announced Tuesday that the first extended range 777-300 will officially be inducted into IAI’s Tel Aviv repair facility toward the end of June.
By Jon Hemmerdinger2021-04-14T15:15:00+01:00
Boeing’s total aircraft orders tumbled by roughly 800 jets in the last 12 months, bringing an abrupt end to the company’s remarkable sales successes in the preceding decade.
The backlog losses reflect a pile of cancellations offset by far fewer orders, at a time when the pandemic sunk new-jet demand and Boeing worked to overcome the 737 Max’s travails.
At the end of March, Boeing’s number of total orders stood at about 17,000 aircraft, including jets already delivered and 4,054 aircraft in its backlog.
That is down from the 17,835 total orders, including 5,049 in the backlog, that Boeing held at the end of March 2020, company data shows.
Boeing nets 40 new aircraft orders in March despite more Max cancellations flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.
Technology remained the most active sector in the region by both value and volume, jumping to $14.7bn across 31 deals. Three of the region s 10 largest deals targeted the tech sector.
The energy, mining and utilities sector has also seen an increase by both value and volume, reaching $4.6bn in 18 deals so far this year.
The Middle East and Africa recorded a surge in private equity deal-making in the first quarter of 2021, with an increase in both buyouts and exits.
Sponsors invested a total of $18.3bn across 26 buyouts in the first quarter of this year, which represents the region s highest quarterly buyout value and volume on record, according to the report.
AerCap Leased, Purchased and Sold 70 Aircraft in the First Quarter 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.