Boeing projects a demand for 36,770 new planes over the next 20 years, an increase of 4.2 percent from last year’s forecast. The company released its annual Current Market Outlook, estimating the total value of those new planes at US$5.2 trillion. “This market is strong and resilient,” Randy Tinseth, Vice President of Marketing, Boeing Commercial […]
The Australian Government has announced that Badgery’s Creek will be the site for a new airport for Western Sydney. The Government has established the Western Sydney Infrastructure Unit within the Department of Infrastructure and Regional Development to implement this decision. It will also be responsible for undertaking important consultation with local councils, the community and other stakeholders, including the […]
Airbus and Boeing report that Asia-Pacific airlines will need a combined 23,760 airplanes delivered in the next 20 years. Boeing says strong economic and passenger growth will be the main drivers of new airplane demand in the Asia Pacific region.
Deputy Prime Minister and Minister for Infrastructure and Regional Development, Warren Truss, has announced that he has approved Sydney Airport’s 2014 Master Plan. Sydney Airport submitted the plan to the Deputy Prime Minister in December 2013.
A draft report by the Productivity Commission has found an abundance of flaws, mythologies and forgone opportunities in infrastructure financing, funding and procurement. The Commission draft outlines a proposed process for improving infrastructure investment across all levels of government; and, as a consequence, attracting increased private investment. Peter Harris, the Presiding Commissioner and Commission Chairman […]
According to the International Air Transport Association (IATA), cargo demand remains largely stagnant. Airlines are expected to have carried 51.6 million tonnes of cargo in 2013, a figure likely to increase to 52.5 million tonnes in 2014. This modest increase in demand is expected to be offset by a decline in yields (forecast to fall 2.1% […]
Deputy Prime Minister and Minister for Infrastructure and Regional Development, Warren Truss, has welcomed Cathay Pacific’s decision to introduce direct flights between Adelaide and Hong Kong, facilitating same day connections to China and other Asian cities. The Tourism and Transport Forum estimates there will be a direct economic benefit to tourism in South Australia of […]
The International Air Transport Association (IATA) has announced an upward revision to its industry financial outlook. For 2013 airlines are expected to return a global net profit of US$12.9 billion. This is expected to improve to a net profit of US$19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry […]
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