July 28, 2023


Sofema Aviation Services shares the latest events in the Aviation business from around the world in our Aviation Weekly News Roundup:

> Philippine Airlines reduces its stored aircraft to just five
Philippine Airlines (PR, Manila Ninoy Aquino International) has whittled the number of stored aircraft down to five, with the return to service of one A321-200 on July 24. The aircraft has since deployed onto short-haul international sectors. It is one of several measures the airline has taken recently to boost its capacity. Read more

> Boeing anticipates demand for 2.3 million new aviation professionals in the next two decades
Boeing has unveiled its latest Pilot and Technician Outlook (PTO), projecting a soaring demand for aviation personnel over the next 20 years. With the global commercial airplane fleet expected to double by 2042, the industry is estimated to require 2.3 million new aviation professionals – pilots, technicians and cabin crew, to support the expansion and meet the long-term growing needs of air travel worldwide. Read more

> Commercial Aircraft Aviation Fuel Market Estimated to Grow by $49.5 Billion from 2022 to 2027
The commercial aircraft aviation fuel market is expected to experience significant growth over the next few years. According to a report by Technavio, the market is estimated to grow by USD 49.5 billion from 2022 to 2027, with a compound annual growth rate (CAGR) of 7.65%. Read more

> Honeywell posts better-than-expected profit on aviation boost, lifts forecast
Industrial conglomerate Honeywell International Inc (HON.O) posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Read more

> Leisure Demand ‘Defies Gravity,’ But Heathrow CEO Warns Of Slowdown
London Heathrow Airport CEO John Holland-Kaye has said that demand for leisure travel continues to “defy all kinds of gravity,” but has warned the UK hub expects a slowdown toward the end of the year. Read more

> Two airlines dominate India’s growing market
Last month at the Paris Airshow, India’s budget airline IndiGo placed an order of 500 A320neo aircraft from Airbus, making the multibillion-dollar deal the largest by a single carrier in civil aviation history. Earlier in the year in February, the newly privatized Air India had placed an order of 470 narrow and widebody jets from both Boeing and Airbus. Read more

> Top 10 must-watch airplane movies: films of aviation adventures
Aviation has long captured our imagination, symbolizing the human desire for freedom and exploration. Over the years, filmmakers have embraced the magic of flight, crafting incredible stories that take us soaring through the skies. From heart-pounding action to side-splitting comedies, aviation movies have delighted audiences with their captivating narratives and breathtaking visuals.  Read more

> Sofema is encouraging aviation enthusiasts to apply for the Leadership Scholarship Program – Read the success story of Yousuf J. Mahbouba
Leader in aviation education for the past 15 years, Sofema is providing professionals in the field worldwide with its exclusive Leadership Scholarship Program. Read more

> Delegates from Libyan Wings successfully completed a SAS training session
Sofema Aviation Services (SAS) is pleased to share that a training session was successfully delivered to delegates from Libyan Wings. Read more


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