Air Tracker March 8, 2018 Vol1 Ep34 Keshika Marambe

Hello and Welcome to mba Air Tracker. My name is Keshika Marambe an Analyst on the Business Valuation and Economic Analysis team and your host today. Looking at the headlines today, The creditors of Air Berlin decided to go ahead with a lawsuit against Etihad Airways, which used to be the biggest shareholder of the now insolvent airline. Air Berlin’s administrator said he is engaged in assessing the claims that could potentially exceed €1 billion in damages. In manufacture news, Rolls-Royce has recognised a charge of £227 million ($315 million) in its full-year results relating to costs associated with addressing in-service technical issues on Boeing 787 and Airbus A380 engines. Airbus announced plan in 2020 to drop annual production of A380s to six and A400Ms to eight. In Airline news, Hawaiian Airlines announced the decision to buy ten Boeing 787-9 Dreamliners for a total of $2.82 billion, with an option for ten more. The Honolulu-based airline also announced cancelling its previous order of six Airbus A330-800neos. In Deliveries, Azul took delivery of one ATR72-600 leased from Nordic Aviation Capital. Delta Air Lines took delivery of one new A350-900. Carrier also took delivery of one new A321-200. Jet2 took delivery of one new B737-800. That is the news for the day from mba air tracker. Thank you for listening and please log on to redbook.aero for detailed valuations and fleet information.