February 9, 2016
Officials at the International Civil Aviation Organization (ICAO) have agreed to the first carbon dioxide emissions standards for new and existing airplanes. The new standards are expected to go into effect in 2020, and remain to be approved by the UN aviation agency's governing council.
Cathay Pacific has announced its first scheduled flight for its new A350 fleet, to occur on May 1st, on a flight between Manila and Hong Kong. Delivery of the first A350 was originally expected to occur this month, but has been delayed due to supplier issues at Airbus.
China Eastern Airlines is expected to announce a substantial order for long-range aircraft during the next several months, as part of an announced plan to expand its fleet by 69% within the next five years. The airline currently flies a mixed fleet of Boeing and Airbus aircraft, with a large contingent of single-aisle aircraft already on order. However, the airline currently has only 16 long-haul aircraft on order.
Engine manufacturer Rolls-Royce has announced a reduction in the dividends that it pays out for the first time in over two decades.