All air transport news – Page 2223
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Japanese start-up plans for expansion
Andrzej Jeziorski/SINGAPORE Japanese domestic start-up Hokkaido International Airlines, operating as Air Do, plans to boost its capital base by more than 40% as it explores possibilities for expansion. It is also in talks with Japan's other recent arrival in the domestic market, Skymark Airlines, about co-operation. Air Do, ...
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BWIA restructuring sees regional spin-off
Max Kingsley-Jones/LONDON BWIA International Airways is poised to undergo a major restructuring, including the setting up of a regional division. The restructuring, which was expected to receive board approval as Flight International closed for press, will see the airline divided into four separate profit centres covering international operations, ...
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CAL set to decide on merger
Andrzej Jeziorski/SINGAPORE China Airlines (CAL) is poised to announce a decision on the proposed merger of its two subsidiary carriers, Formosa Airlines and Mandarin Airlines. The CAL board is to meet early this month to consider implementing the merger by August, instead of the planned June deadline. The ...
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Floating airport trials to begin
A consortium of 17 Japanese steel manufacturers and shipbuilders is to start trials next year off the coast of Japan of a technology which could lead to the creation of a floating airport. Mega Float Technology Research Association will complete and test the construction of an off-shore aircraft landing ...
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Marketplace
-US Leasing company Wexford Management has reportedly cut back its Embraer ERJ-145 orders to 10 aircraft and scrapped a letter of intent for another 20 of the smaller ERJ-135s, plus 20 options. The remaining 50-seat aircraft will be placed with its subsidiary US Airways Express Chautauqua Airlines. -Japan Airlines is ...
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BAe and Saab stay coy on remarketing plans
The regional aircraft leasing divisions of British Aerospace and Saab generated some $450 million-worth of business through lease extensions and sales last year. The two arms, which are linked at a corporate level through British Aerospace's 35% stake in Saab, remain coy about the prospects of their remarketing activities being ...
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Workshop
-Sabreliner's Dimension Aviation division at Phoenix Goodyear has begun heavy maintenance checks on the first of up to four FedEx McDonnell Douglas DC-10s. Maintenance and modifications will be carried out before the aircraft are converted to freighters. -Air India is reportedly opening up its recently completed R216 million ($5 million) ...
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B/E Aerospace cuts jobs, closes sites
Chris Jasper/LONDON B/E Aerospace is to close seven manufacturing sites and plans to shed 500 jobs as part of a major restructuring that will cost the US cabin interiors specialist $70 million. The Florida-based company revealed details of the move while announcing a deal by which it will ...
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GE Capital buys Japan Leasing
GE Capital is to buy debt-ridden Japan Leasing, in what could be the largest acquisition of a Japanese company by a foreign investor. Japan Leasing - part-owner of about 10 commercial aircraft - went into receivership in September because of bad debts in its real-estate portfolio. It is a ...
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Snecma closes in on airline maintenance contracts
Snecma's Services division is moving to seal its first maintenance deals with three airlines in the first half of the year. The French engine builder expects to create a series of joint ventures with the carriers to expand its maintenance arm into new markets. The company intends to follow a ...
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UK ministers to decide on ASTOR next month
The UK is on the threshold of choosing an Airborne Stand off Radar System (ASTOR), the culmination of a procurement process that began with initial studies almost 20 years ago. The five-aircraft ASTOR programme is under assessment by senior service chiefs and is scheduled to be passed to the ...
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Euromil Mi-38 signatures wait on Russian cash
Contracts for the launch of the Franco-Russian Euromil Mi-38 medium utility helicopter could be signed in the first quarter of this year, if funding is forthcoming from the Russian Government. Payment for the $500 million project is divided equally between Russia and a group of risk-sharing partners, including Eurocopter, ...
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Marconi to forgo payments on JORN radar
Peter La Franchi/CANBERRA Marconi Electronic Systems is to forgo payments of at least $A50 million ($32 million) for work on the development of Australia's Jindalee Operational Radar Network (JORN). A new agreement will transfer the completion of all software tasks on the project to the Australian-based RLM company, a ...
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Boeing studies early first flight for STOVL X-32B
Boeing is considering bringing forward the first flight of its X-32B short take-off and vertical landing (STOVL) demonstrator by several months, pending the successful completion of engine tests in Florida and final assembly in Palmdale, California. The company is building two X-32s for the Joint Strike Fighter (JSF) concept demonstration ...
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New levels
Andrew Doyle/DUBROVNIK Airline pleas to Europe's air traffic control authorities for more space in the sky to fly their aircraft could be answered on 23 April. This is the date that Eurocontrol's Provisional Council is due to deliver its judgement on detailed proposals for the introduction of reduced vertical ...
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Aviat revisits the 1940s for aerobatic expansion
Aviat Aircraft is expanding its aerobatic and utility aircraft capabilities with the introduction of two new tailwheel aircraft, dubbed the Millennium Swift and 110 Special. The Millennium Swift is a re-engined version of the 1940s' Globe Swift GC-1B, a sport aircraft designed to appeal to fighter pilots returning from ...
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UK's Britten-Norman snaps up Romaero
The Romanian Government has sold it largest aircraft manufacturer, Romaero, to UK's Britten-Norman, for a reported $80.5m as part of its long-term policy to dispose of its state-owned assets. The sales were enforced following the breakdown of the former Communist regime in the 1989, but have gained momentum in the ...
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TRW's $7 billion bid lands LucasVarity
LucasVarity, the UK-based aerospace and automotive company, is to be bought by TRW of the USA for $7 billion cash - although the deal has been thrown into uncertainty by fellow-US player Federal Moghul, which may increase an earlier offer of $6.4 billion in cash and stock. The open ...
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Euro carriers edge toward privatisation
Julian Moxon/PARIS The French Government has launched the partial privatisation of Air France, with up to 17.4% of the airline's capital due be placed on the stock exchange in February. The much-delayed privatisation will see the Government's 94% stake cut to around 64% initially, diminishing to around 53% ...
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Slump leads to cuts in Air Canada fleet
Air Canada is cutting its fleet because of the slowing economy and the expected slump in airline travel. The Montreal-based flag carrier says it plans to retire most of its older aircraft, return a number of leased aircraft and postpone delivery of several new ones. The net effect will ...