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IATA Reports Jet Fuel Price At US$2.37 Per Gallon

posted Nov 18, 2010, 10:25 PM by Elaine Bell
 Aviator.aero Daily News - 15 NOV 2010

CFM International and COMAC (China) announce near completion of joint definition phase for C919 aircraft/engine combination in preparation for entry into revenue service in 2016. Source_1


SkyWest (US) completes its acquisition of ExpressJet Holdings (US), parent of ExpressJet Airlines, resulting in ExpressJet becoming a subsidiary of Atlantic Southeast Airlines (US), which is a subsidiary of SkyWest. Source_1

IATA reports jet fuel price at US$2.37 per gallon and $786 per metric tonne as of 05 November.

Willis (UK) anticipates 4Q 2010 softening of premium rates in airline insurance market. Source_1

Apollo Aviation Group (US) raised US$213 million from investors for its aviation fund ‘Sciens Aviation Special Opportunities Fund’, designed to capitalize on used commercial aircraft. Apollo managing director David Treitel says company acquired more than 70 aircraft since June 2010. Source_1

Cape Town Treaty Forum for Europe, Middle East and Africa meets with 34 nations having ratified treaty facilitating global asset based finance, now covering over half of world’s aircraft transactions, says Aviation Working Group co-chair and Boeing Capital SVP Scott Scherer. Source_1

Royal Jordanian takes delivery of E175 for use on regional routes. Source_1

COMAC displays mock-up of C919 at Zhuhai Air Show and AVIC vice president Zhang Xinguo says hundreds of orders to be announced soon. Source_1 Source_2

Kenya Airways referred to further talks with workers union by court order issued on 12 November, while also barring strike until carrier’s suit heard and determined. Source_1