All air transport news – Page 2500
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News
FiatAvio sells off its shareholding in IAE
FIATAVIO has sold its holding in International Aero Engines (IAE) to its four partners. The deal maintains the Italian engine manufacturer's place on the programme, but as a subcontractor rather than as a shareholder. The Italian company, which is in the throes of merger talks with local rival ...
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Powering into the future
Germany's two engine manufacturersstill have one programme in common. Andrzej Jeziorski/MUNICH DAIMLER-BENZ Aerospace problem-child MTU Munchen and its upstart rival BMW Rolls-Royce, along with the German Aerospace Research Establishment (DLR), are participating in a Government-sponsored research programme to develop technology for the next generation of ...
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Regional return
US regional Mesa Air Group is to terminate its leases on two Fokker 70s, and has begun negotiations to acquire up to eight alternative regional jets within the next nine months. The New Mexico-based company blames the decision to return the aircraft on the "limited production and uncertainty as to ...
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Boeing boss
Philip Condit, president of Boeing, has been appointed as the company's chief executive, to replace Frank Shrontz who will remain as chairman. Source: Airline Business
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So what's in a name?
t used to be called Air Inter. Now, its legal name is Air France Europe but it trades as Air Inter Europe. It is majority owned by the Air France Group, but is legally a separate company. In 1997, it will be merged into Air France's European route operation, which ...
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Appointments
Edward Methot is the new vice president of flight operations at America West Airlines. Swissair has appointed Klaus Knappik head of the cargo and logistics division. Crossair has appointed Josef Felder EVP of the new product management division. Juhani Suomela has become Finnair's EVP ...
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Aircraft news
Philippine Airlines has confirmed firm orders for four A340-300s, eight A330-300s and 12 A320s with deliveries starting in the second quarter of 1997. Swissair has ordered a further three A319s and two A320s. Finnair is set to order four B757s for charter operations, replacing two A300s. ...
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Building more
Boeing will raise the production rates of 737s, 747s and 757s starting in 1997. The 737 production will increase to 10 aircraft a month from eight and a half, the 757s will increase by one aircraft to four, and 747 production will increase by half an aircraft to four per ...
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Sears in charge
McDonnell Douglas has named Michael Sears as the president of Douglas Aircraft, succeeding Robert Hood who retires later this year. Source: Airline Business
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Frontier lease
US start-up carrier Frontier Airlines has leased two additional Boeing 737-200s from GECAS, taking its fleet to nine. The Denver, Colorado-based airline has also completed a $3 million private placement to raise funds for additional aircraft. Source: Flight International
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Concord cats
British Airways has ordered a Smart CATS automatic-test-equipment system from Israeli firm Rada, to support the Aerospatiale/BAC Concorde. BA has previously bought two systems for maintenance of its Boeing fleet. Source: Flight International
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MDC
Gerald Daniels has become vice-president and general manager of the McDonnell Douglas (MDC) F-18 strike-fighter programme. He succeeds Michael Sears, who has been named president of MDC's commercial aircraft company. Daniels was previously deputy to Sears on the F-18. Source: Flight International
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Confusion hits UK's foreign-pilot policy
Sir - I read the article "Confusion hits UK's foreign-pilot policy as Airworld hires Canadians for A320s" (Flight International, 17-23 April, P8). I can surmise the reasons behind the decision, although why the UK Department of Education and Employment (DEE) should be so coy is elusive. ...
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Latin American lead
Increasingly creative financial mechanisms and new products that insure against political and contractual risks, are providing incentives for private sector investment in Latin American and Caribbean airports. By Ellis Juan.As the air transport sector continues its rapid expansion in an increasingly globalised economy, the entry of fast-growing new participants like ...
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Dealing in Deutsche marks
The German tax lease market is growing, and providing an important source of aircraft funds, but there are fears that any liberties taken with structures could lead to tighter regulation by the tax authorities. Trevor French reports.It doesn't often happen that the arcane world of aircraft finance hits the front ...
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Financial results
Aer Lingus' operating profit was $83.3m, partly due to increased traffic. The carrier received $80m in government aid in 1995. Aeromexico's load factor fell 4.5 points to 60%. Cost saving measures cut capacity 13% and reduced staff by 10%. Operating profit was $24m. Cathay benefited from ...
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Airline news
Lufthansa is launching an on-line reservation service that can be accessed through either a CD-ROM format or through the Internet or other on-line services. Distribution of the CD-ROM is in conjunction with travel agents, who will be able to customse their own versions of the disc. South African ...
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Pressing for open skies
The US Department of Transportation has in general had strong support from the halls of Congress of late - especially in the realm of international aviation issues. In a late March floor speech, Larry Pressler, South Dakota Republican and chairman of the Senate commerce committee, spoke on the ...
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PAL recovery under threat
The recovery of Philippine Airlines from disastrous financial losses over the past two years is under threat from rising competition from a growing number of startups with ambitions to launch on to key regional routes. Grand Air and Cebu Pacific Air, which have both made inroads on domestic ...