All Airframers articles – Page 1370
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Boeing reverses policy to create full-service finance unit
DAVID KNIBB SEATTLE In a major policy reversal, Boeing is turning the customer finance unit it inherited from McDonnell Douglas (MDC) into "a full-service financing organisation". The former MDC finance unit, renamed Boeing Capital, will be combined with the finance services of its treasury as part of the move ...
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Iberia faces attack as shares go on sale
BARRY CROSS LONDON Iberia's initial public offering is finally going ahead on 22 November, following the resolution of a dispute between 9% shareholder British Airways and major company shareholder Caja Madrid over voting rights. A 53% stake held in the flag carrier by state holding company SEPI will be floated. ...
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Alitalia plans strategy amid growing competition
Alitalia has announced an upbeat two-year strategic plan, but in the short term it could be in for a bumpy ride. The Italian carrier forecasts a drop in net consolidated profit from 1998's L408 billion ($223 million)to L202 billion this year, blaming declining domestic yields and a rise in ...
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Air Canada's allies prepare rescue bid
DAVID KNIBB SEATTLE A showdown is expected by 8 November on the bid by Onex to acquire Air Canada and merge it with Canadian Airlines. With high stakes for the Star and oneworld alliances, United and Lufthansa Airlines appear ready to intervene on Air Canada's behalf. Onex ...
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Travel agents outraged by commission reductions
KAREN WALKER WASHINGTON DC Taking their lead from United Airlines, most major US carriers have slashed travel agent commission rates from 8% to 5%. The cuts have provoked outcry from travel agent groups, already reeling from efforts by the airlines to steer customers towards Internet bookings. Within days of ...
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Aeroflot calls in US bank for long-term debt advice
PETER BENNETT VIENNA Russia's flag carrier Aeroflot has selected Chase Manhattan Bank to help restructure its mounting debt problems and finalise plans for a possible re-entry into the world capital markets. The airline insists, however, that there is no chance of a fresh share issue to raise new cash ...
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Workshop
Australian regional Kendell Airlines has selected GE Engine Services to maintain and service the General Electric CF34-3Bs which power its new Canadair Regional Jet fleet. The deal is valued at around $40 million. KLM and its subsidiary, Martinair, have signed a contract with Boeing covering the exchange, overhaul and repair ...
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Destination unknown
Replacing its current fleet could be the least complicated issue facing Canadian Regional Airlines as an airline takeover battle looms Paul Seidenman/CALGARY As Air Canada and Canadian Airlines (CAI) face up to each other in what is becoming one of the hardest-fought airline takeover battles in recent years, shock waves ...
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TWA and Delta expand hub feed
Paul Lewis/WASHINGTON DC Trans World Airlines is to launch a regional jet operation as part of an expansion of its feeder service. Another US carrier, Delta Air Lines, has moved to further strengthen its Connection network by acquiring partner airline Comair. TWA plans to have eight 50-seat regional ...
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Delta learns crash lessons with mask deal
Delta Air Lines is to equip all its aircraft with full-face cockpit oxygen masks from BE Aerospace. The move follows a number of fatal fires and comes ahead of an anticipated Federal Aviation Administration ruling on their use. The airline plans to fit the system to all 600 ...
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Helios charters rise in Cyprus
Backed by Cypriot and Swiss investors, a new privately owned charter carrier serving the leisure market will start operations from Larnaca, southern Cyprus, next June. Already licensed by Cyprus, the carrier, Helios Airways, will launch services with a single 170-seat Boeing 737-400 leased from GE Capital Aviation Services. By ...
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Greece to buy PGMs and more Chinooks
The Greek armed forces have concluded a deal to buy more Boeing CH-47D Chinooks and are close to finalising a deal for US-supplied AGM-142 Have Nap stand-off missiles. According to industry sources, the Clinton Administration will shortly notify the US Congress of its intention to sell an undisclosed number ...
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Globalstar tally increases as ICO changes business plan
Tim Furniss/LONDON Starsem launched another Soyuz-Ikar booster from the Baikonur Cosmodrome, Kazakhstan, on 18 October, carrying four more Globalstar satellites into orbit, bringing the total to 44. Starsem, the Aerospatiale Matra, Arianespace, Russian Space Agency and Samara Space Centre company, plans another launch next month, carrying another four ...
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Brazilians lose contact with faulty research satellite
Brazil's INPE space agency has been unable to make contact with its $4.6 million SACI-1 satellite, launched last month. It is thought to have suffered a communications, antenna or computer fault, which may be correctable. The small Brazilian technology research satellite was launched on the second Chinese Long March ...
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Bombardier will decide on regional jets early next year
Graham Warwick/WASHINGTON DC Bombardier says decisions on whether to proceed with the 90-seat CRJ-900 and 110-seat BRJ-X regional jets will be taken independently, within months of each other, next year. The Canadian company is offering the CRJ-900 to airlines, but will not have the authority to offer the ...
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SAA targets Nigeria for sub-Saharan alliance
Hilka Birns/CAPE TOWN South African Airways (SAA) aims to become the guiding force in an alliance of sub-Saharan airlines, as it negotiates to acquire a major shareholding in Nigeria Airways. The moves come as the South African carrier prepares to relaunch a competition to upgrade its short- and long-haul ...
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Boeing set to launch cockpit upgrades for 'classic' airliners
Andrew Doyle/BRUSSELS Boeing plans to launch major cockpit upgrade programmes for the 737 Classic, MD-80 and McDonnell Douglas DC-9 as airlines begin to address the problem of how to comply with future air navigation requirements. The initiative is being driven by industry moves to establish a "free flight" regime in ...
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Aircraft mixture may fill US sensor scheme
A US Army requirement for an Aerial Common Sensor (ACS) aircraft could be met with a mix of long-range/high-endurance fixed-wing aircraft and unmanned air vehicles (UAVs). ACS will combine the capabilities of three aircraft types into one or more platforms, offering corps-level airborne intelligence, surveillance and target acquisition capabilities. ...
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Kenya Airways weighs options for long-haul aircraft renewal
Jens Flottau/NAIROBI Kenya Airways is preparing to undertake a long-haul fleet-renewal programme. The carrier has issued requests for proposals to Airbus and Boeing and to leasing companies. A decision on the new long-haul fleet could be made as early as January. Although the airline's new chairman Richard Nyaga ...
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Airbus sales irk US Congressman
America West Airlines has confirmed a deal for up to 77 Airbus Industrie A320 series aircraft. The move follows a Frontier Airlines letter of intent (LoI) for another 20 jets, rekindling US political criticism of the European manufacturer's growing success in the US market at Boeing's expense. Phoenix-based America ...