All air transport news – Page 2279
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P&W links with SIA for engine overhaul venture
Pratt & Whitney has finalised an agreement with Singapore Airlines (SIA) to establish a new engine repair and overhaul joint venture, in what is the latest in a series of after sales support investments in Asia by competing powerplant manufacturers. Eagle Services ASIA will be 51% owned by PW ...
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Air 2000 makes LIA fleet merger first priority
Air 2000 is aiming to integrate its recent acquisition, Leisure International Airways (LIA), by the beginning of its summer 1999 flying programme. It will then look at long-term fleet plans. The merger of the two UK charter airlines under the Air 2000 identity follows the recent purchase by Air ...
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KLM accounts hint at the true worth of BA slots at Heathrow
Kevin O'Toole/LONDON A rare insight into the value of slots at London Heathrow has emerged from a line in the latest KLM accounts which gives details of a deal with British Airways that appears to put a price tag of up to $3 million on each landing and take-off ...
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BA and Cathay Pacific near alliance agreement
Paul Lewis/HONG KONG Cathay Pacific Airways is close to finalising a wide-ranging alliance with British Airways, which could extend to the UK company acquiring an equity stake in the Hong Kong carrier. The airlines are also believed to be talking about swapping aircraft. According to industry sources, discussions ...
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Airbus Industrie and AVIC abandon AE31X
Julian Moxon/PARIS Paul Lewis/HONG KONG Airbus Industrie and Aviation Industries of China (AVIC) have broken off negotiations on co-operative development of the 100-seater AE31X following what an industry source describes as "failure to establish a sufficient business case" . The move will cause little surprise. The third potential ...
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China Aviation may take 10 more 737-700/800s
Boeing has secured a smaller than expected tentative sale of a further 10 737-700/800s to China Aviation Supplies (CASC), while firming up the final allocation to carriers of the 50 aircraft ordered by Beijing last October. The latest deal involves a letter of intent (LoI) to order an incremental ...
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JAL aims to speed cost cuts with new express subsidiary
Paul Lewis/SINGAPORE Japan Airlines (JAL) has launched its new low cost subsidiary, JAL Express (JEX), in an effort to counter the country's crippling high labour costs and in response to the impending entry into the domestic airline market of the first of several planned start-ups. JEX launched its ...
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Delta/ALPA agree pay
Delta Air Lines and the US Air Line Pilots Association (ALPA) have reached tentative agreement on "industry leading rates of pay" for pilots flying the Next Generation Boeing 737. Delta pilots had threatened not to fly the 72 737-800s on order when deliveries begin next year. Source: Flight International
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Top 50 airlines - Top tens
TOP 1997 PROFIT-MAKERS... Rank Airline group Net profit $m 1 AMR/American Airlines 985 2 United Airlines 949 3 Delta Air Lines 934 4 British ...
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Top 50 airlines
Financial performance of the world's top 50 passenger airlines ranked by sales -1997 in US$ million - revised 1 August 1998 Group/Airline Sales ($m) Operating profit/loss Operating margin Net profit/loss Year end 1997 change 1997 ...
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Top 50 airlines - Regional
Selected Asian airline scheduled passenger statistics - financial years Rank/Airline Traffic Capacity Load factors Yields Unit costs Year RPK m change change 1997 change ¢/RPK change ¢/ASK* ...
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JSF Primes share benefits of Technology maturation effort
Reducing risk is a major objective of the concept demonstration phase of the JSF project. To that end, the programme office is funding technology maturation (TechMat) projects, the results of which are being shared by the two design teams. Among the largest of these, exceeding $100 million, is the ...
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Sempati first to shut down
Sempati Air ceased operations in early June, becoming the second airline casualty of the Asian currency crisis and the first in Indonesia. Transportation minister Giri Suseno broke the news about the shutdown. 'It is impossible for Sempati to continue operations in the current difficult situation,' he told the Jakarta ...
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Hornet joined
Final assembly of the first production Boeing F-18E/F has begun with the joining of the centre/aft fuselage, built by Northrop Grumman, to the forward fuselage. Source: Flight International
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Island of competition
Air Mauritius still enjoys government protection as the sole local scheduled carrier and has successfully seen off a recent challenge to this position from local upstarts African Island Airways (AIA). The idea for a second, regional Mauritian carrier was first floated in July 1995 by local entrepreneur Georges Chung. ...
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Cathay coy over partner
Cathay Pacific remains coy about which global alliance grouping it will ally itself with as speculation mounts over potential bedfellows. Cathay's alliance talks are progressing with virtually all major carriers and groupings in the industry, and a decision will be made within six to nine months, says Cathay managing ...
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Chinese join global pack
Chinese flag carrier Air China has become the first Chinese airline to enter fully into an international alliance, but its decision is likely to trigger similar alliance moves from other Chinese carriers. Air China is set to join a strategic alliance with Northwest Airlines and its partners Continental Airlines, ...
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China stops cheap deals
So much for China's experiment with deregulated air fares. Wide-open pricing, which led to discounts of up to 50 per cent, ended in May when the Civil Aviation Administration of China tightened limits on how much airlines could vary ticket prices. Last November the CAAC gave airlines an almost ...
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Comair lists in Jo'burg
Comair is to become the first South African carrier to seek a listing, and is to debut on the Johannesburg Stock Exchange this July. Comair's chairman, Dave Novick, hopes the listing will value the company in excess of R1 billion (US$200 million). A prospectus was expected to be issued ...