FAA awards third batch of US airport Infrastructure Law grants
February 16, 2024
The Federal Aviation Administration is granting a total $970 million to 114 US airports in 2024, the third annual awarding of funds to airports under the US Infrastructure Investment and Jobs Act signed into law by US president Joe Biden in November 2021. The $970 million follows nearly $2 billion for airport terminals announced over the past two years, the FAA states. The 2021 law – also known as the Bipartisan Infrastructure Law – awards $550 billion during fiscal years 2022-2026 in new US investment in infrastructure, including in roads, bridges, mass transit, water infrastructure and broadband. A total of $5 billion of the total funding has been allocated ($1 billion annually from 2022-2026) to provide competitive grants for airport terminal development projects that address aging infrastructure. "Under this administration, we are doing more to improve the travel experience than ever before, from expanding consumer protections to modernising the physical infrastructure," US Transportation secretary Pete Buttigieg stated on 15 February. "These investments we're announcing today, made possible by President Biden’s historic infrastructure package, will make it easier for passengers to get to and through airports, create jobs, and increase safety for all." Among the airports designated for grants in 2024, Washington Dulles, Salt Lake City International and Hector International in Fargo, North Dakota will receive funds to build new terminals or expand existing facilities. Chicago O'Hare, Denver International and Kahului airport in Hawaii, among other airports, will receive grants intended to enhance the passenger experience by improving security-screening areas, updating baggage systems and increasing accessibility for passengers with disabilities.
ATR boosts annual deliveries 44%
February 15, 2024
ATR delivered 36 aircraft in 2023, up from 25 the previous year. The European turboprop manufacturer says the higher deliveries reflect positive momentum, while acknowledging the lingering supply-chain disruptions it faced last year, as raw material and component shortages slowed down its ambition to ramp up. Orders for 40 new aircraft were recorded by ATR in 2023, versus 26 in 2022. The airframer generated $1.2 billion in revenue, a post-pandemic high supported by more than $400 million in revenue for customer support and services. ATR added 11 new customers during 2023. It notes that 160 new routes were opened with ATR aircraft last year, up from 150 in 2022. "Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics," states ATR chief executive Nathalie Tarnaud Laude, adding that "2024 will be a year of stabilisation, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR".
Thai places order for 45 Boeing widebodies
February 15, 2024
Thai Airways has disclosed agreements with Boeing for a firm order of 45 "mid-range and long range widebody aircraft", plus options, and with GE Aerospace for the engines. The carrier says deliveries are scheduled from 2027. It notes that with the acquisition of these aircraft, its fleet would reach a total of 96, still fewer than the 100 it operated in 2013. Further details of the acquisition, including the aircraft type and engine specifications, will be disclosed at the Singapore air show being held between 20 and 25 February, adds Thai. Requests for proposals had been issued to aircraft and engine manufacturers last year. Thai notes that its long-term aircraft acquisition plan is "crucial" for replacing lease expiries and ageing aircraft, and to sustain growth and retain market share, highlighting that its share at its Bangkok Suvarnabhumi hub has decreased from 51% in 2013 to 27% in 2023, partly as a result of limited fleet size and aircraft efficiency. Since 2023's second quarter, Thai has secured 21 widebodies, primarily Airbus A350s equipped with Rolls-Royce Trent XWB engines. It plans to add A321neos into its fleet from the fourth quarter of 2025. Thai had a fleet size of 70 aircraft in 2023. This is increasing to 79 in 2024 and projected to reach 90 by 2025.