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‘World needs 43,000 more planes in next 20 years to meet booming demand’

LONDON: The world needs to produce 43,000 new aircraft over the next two decades to meet booming demand, Boeing's CEO forecast here on Sunday. Dennis Muilenberg, chief executive of the US aerospace giant, revealed the outlook upgrade to reporters in London before the sector's Farnborough Air Show starting Monday. "We continue to see the aerospace market grow very strongly," said Muilenberg. "We see $8.1-trillion marketplace in the next ten years" for commercial, defence and services, he added. "We further…

‘Gold rush’ for Wi-Fi on board planes spurs innovation

HAMBURG: Satellite technology to provide Wi-Fi on board planes has matured to a point where more and more airlines are looking to use it, triggering a “gold rush” among suppliers. That brings opportunities for a vast array of companies, from satellite firms such as Viasat and Inmarsat, to connectivity providers such as Gogo, Global Eagle, and Panasonic Avionics and software and hardware companies such as Lufthansa Systems and Lufthansa Technik. “It’s like a gold rush feeling at the moment,” Jan-Peter Gaense, head of…

Iran to receive first Airbus plane in days

TEHRAN: Iran is to take possession of the first aircraft this week in a huge order from Airbus placed after the lifting of international sanctions, state carrier Iran Air said Sunday. "This aircraft has received its certificate of registration and an Iran Air team is in place to take delivery of it," the airline's chief executive officer, Farhad Parvaresh, told the Fars news agency. "We hope to take delivery between now and the end of the week." Iran Air completed the huge deal for 100 Airbus planes with a list price of…

US begins unblocking jetliner sales to Iran

PARIS: The United States has begun unblocking deals by Western planemakers to renew Iran's ageing passenger fleet in a move likely to ease growing complaints from Tehran over the implementation of last year's historic sanctions deal.