All air transport news – Page 2261
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Finmeccanica gets cash boost
Andy Nativi/GENOA The Italian Government is to provide state-owned holding company Finmeccanica with a massive cash boost. It comes ahead of an expected agreement with British Aerospace over the future of its jointly owned Alenia Marconi Systems (AMS) operation in the wake of the UK company's acquisition of GEC ...
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Saab/BAe support investor's swoop for Walter
AndrewDoyle/MUNICH US investor Robert Fessler and Ryanair founder Tony Ryan are in final negotiations with the Czech Government to buy 94% of the troubled aero engine builder Walter. A deal is expected to be signed with a Czech company set up by the two men. The bid is ...
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DHL completes British Airways 757 deal
Max Kingsley Jones/LONDON DHL has concluded its long- running negotiations with Boeing and British Airways for the acquisition of a massive fleet of converted Boeing 757 freighters, and will take the first of 44 aircraft in mid-2001. An announcement was expected on 5 October. Discussions between DHL, BA ...
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Korean merger goes ahead without a plan
The long-awaited merger of three South Korean aerospace companies has finally gone ahead, with no approved business plan. The union of Daewoo Heavy Industries (DHI), Hyundai Space and Aircraft and Samsung Aerospace into Korean Aerospace Industries (KAI) was formalised on 1 October. The companies agreed last September to ...
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Outflanked
Bombardier has blinked in the increasingly hostile battle for dominance of the regional aircraft market in the 21st century. For the first time since the Canadian company revolutionised regional air transport with the original 50-seat Canadair Regional Jet in 1992, it has lost the initiative and is in danger of ...
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Shape up
Boeing is re-writing the rule book on contractor-supplier relationships and, in doing so, is threatening to start a tidal wave of far-reaching changes that could affect the aerospace industry at large. The US manufacturer dropped the rock into the supplier pool late last month when it announced radical revisions in ...
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Boeing shakes up supplier network
Guy Norris/SEATTLEBoeing has revealed radical plans to forge partnerships with its suppliers, as well as to eliminate others, as part of wide-ranging initiatives to improve overall profitability, reducing costs and cutting cycle times. The revamp forms a vital element of Boeing's plans to boost its commercial aircraft operating margin to ...
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Fairchild closes on stake sale
Paul Lewis/WASHINGTON DC Julian Moxon/PARISNew York investment house Clayton, Dubilier & Rice is close to acquiring a controlling stake in Fairchild Aerospace, which has been seeking a cash injection to underwrite continued development of the 728JET series and 428JET regional aircraft. Clayton, Dubilier & Rice will not confirm or deny ...
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Embraer goes head to head with 428JET
Embraer has launched another version of its rear-engined regional jet range, the 44-seat ERJ-140, squeezing the new offering between the 37-seat ERJ-135 and 50-seat ERJ-145. In a related move that reflects strong anticipated demand for the 40-seat regional jet category, Fairchild Aerospace has selected Israel Aircraft Industries (IAI) to ...
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Rockwell seeks $28 million damages from Hughes
Rockwell Collins has filed a lawsuit against Hughes Electronics for breach of contract over Rockwell's purchase of the former Hughes-Avicom International. The manufacturer is seeking damages of at least $28 million plus interest. Rockwell bought Hughes' in-flight entertainment division in late 1997 to form Rockwell Collins Passenger Systems. ...
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More Delta 737s
Delta Air Lines has confirmed orders for 18 more Boeing 737-800s as part of its plan to accelerate replacement of its Boeing 727-200s. The deal takes Delta's 737-800 orders to 126, of which nine have been delivered. Source: Flight International
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Labouring in Europe
TOM GILL LONDON Industrial relations appear to have improved and European workers are becoming more efficient. But will the changes be far-reaching enough to enable airlines to cope with cyclical downturn? The British Airline Pilots Association(BALPA) describes itself as "serene". The UK white-collar union MSF says it is ...
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Parts to spare
KAREN WALKER WASHINGTON DC AirLiance Materials, a joint maintenance and spare parts company founded by three Star Alliance airlines, is shaking up the industry. Can other airlines afford not to follow? Dave Sissons cannot help but wonder sometimes whether the airline industry's cautious attitude towards spare parts has not gone ...
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New challenge to charter
European low-cost scheduled operators have begun to make small inroads into traditional charter markets. But, despite some aggressive noises, they have some way to go before posing a serious threat. Europe's low-cost carriers may continue to grab the headlines, but one sector remains resolutely unimpressed. The traditional charter airlines ...
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Olympic work just begun
LOIS JONES LONDON Olympic Airwarys appears to be making financial gains by attacking costs, but a major restructuring effort still faces the Greek carrier's new management team. The Greek Government tendered the management of Olympic to British Airways consulting subsidiary Speedwing, with a view to making it more ...
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Routes
Stockholm bound -Eurowings is starting a new scheduled service in October, using an ATR 42-500. The flight will be operated in conjunction with partner KLM. Emirates, will be codesharing with SriLankan Airlines code-sharing on three times weekly flights between Dubai and Stockholm, starting this November. BA heads to Hannover ...
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UK charter airlines growing urge to merge
Consolidation is speeding up in the UK leisure market as charter carriers Flying Colours and Caledonian Airways merge to form a vertically integrated airline, JMC Airlines. The creation of JMC Airlines follows the merger of parent companies, Thomas Cook and Carlson. Over the next five years, JMC will ...
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Iberia prepares to float
The delayed flotation of a 54% stake in Iberia will start in the last week of November, according to the Spanish flag-carrier's chief executive, Angel Mullor. The initial public offering (IPO) should raise Ptas300 billion ($2 billion) for Iberia's parent, the state-owned holding group Sepi. The sale marks the ...
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CAL sanctions bite
NICK IONIDES ATI SINGAPORE Calls have been made for a shake-up in both Taiwan's aviation bureaucracy and in China Airlines' (CAL) management team following a crash in Hong Kong in August. So far, the carrier's relatively new management team, installed following an Airbus A300 crash at Taipei ...
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Vietnam in US link-up deal
The prospect of air links between the USA and Vietnam has strengthened following successful negotiations on a codesharing deal, designed as an interim measure until a full air services agreement is reached. The memorandum was to have been signed in Hanoi early in September during a visit to ...