All air transport news – Page 2623
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Airbus Finance
Newly formed Airbus Finance, of Paris, France, has appointed Francois Auque as chairman. He is also corporate vice-president for finance and economics at French manufacturer Aerospatiale, a position he will retain. Source: Flight International
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MAS Conversion
Malaysia Airlines (MAS) plans to bolster cargo capacity by converting two Boeing 747-200 passenger aircraft into freighters. The carrier expects a fivefold increase in cargo growth up to 1999. Source: Flight International
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GE
Herbert Depp has been named vice-president for marketing and sales at GE Aircraft Engines, of Evendale, Ohio. He was previously president of GE Capital Aviation Services, at Stamford, Connecticut, where he is replaced by James Johnson, formerly president of Pratt & Whitney's large commercial-engine business. Source: Flight International
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Offshore register
Airbus has become the first manufacturer to use Mauritius as an offshore registration point in a leasing deal on two A320s to Singapore-based carrier Region Air. The two aircraft will subsequently be wet-leased to China Airlines of Taiwan. Source: Airline Business
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Embraer sold
The process of privatising Embraer began in mid-December with the sale of 55.4 per cent valued at R$154.1 million ($182.4 million). Controlling interest was acquired by a consortium led by Brazilian investment bank Bozano Simonsen, with 45.44 per cent of the stock. Source: Airline Business
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AJAS takes off
Alliance Airways, the African Joint Air Services carrier, is to begin services on 1 March from its base in Entebbe, Uganda. The carrier will operate a leased SAA Boeing 747SP and Christo Roodt, an SAA executive, has been appointed managing director. The carrier, a joint venture between the Ugandan and ...
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Appointments
Gordon Bethune has been named to the new position of president and chief executive officer at Continental Airlines. Floris van Pallandt will take over as managing director KLM Cityhopper on 1 January. Hans de Bruijn has been appointed manager general affairs and deputy to van Pallandt. ...
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Orders/Leases
Trans States Airlines has ordered 25 Jetstream 41s, with options on a further 35, for a total cost of $420 million. The St Louis-based carrier will take its first J41 in January 1995. Regional Airlines has ordered three Saab 2000, with delivery beginning May 1995. The French regional ...
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Suppliers
The MD-90 has received US certification from the Federal Aviation Administration. Rolls-Royce has agreed to buy Allison Engine Company for $525 million. Boeing will hold current prices on spares until mid-1996. Airbus Industrie has frozen the price of spare parts at 1994 prices for 1995 orders. ...
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US sweats over Saudia
Delays over Saudi Arabia Airlines' expected huge orders for Boeing and McDonnell Douglas aircraft are linked to the Saudis' need to spread the cost of heavy national capital expenditure projects in the power, telecommunications and transport industries. At presstime, the Saudis were not expected to place firm aircraft ...
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Canada: it's in the timing
The two Canadian majors are prepared to support the concept of US-Canada open skies, but are split on the phase-in period and remain doubtful whether their US alliances will help put them on an equal competitive footing with the larger US carriers. US and Canadian negotiators appear set ...
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Paperless journey
The increase in self ticketing and ticketless air travel will cut the costs of distribution and bring a much needed reduction in airline operating costs. By Jane L Levere. A distribution revolution that began quietly in the United States late last summer could ultimately yield wide-ranging cost savings for ...
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New order plans change
US transportation officials see 1995 as highly significant for aviation. The air traffic control system may be privatised after all, and taxes, airport funding, and reform of the Federal Aviation Admin istration are all issues likely to be in play, with the new Republican majority in Congress trying to dictate ...
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Tough times for US Lites
Growth problems are hitting the short-haul, low-cost sector of the US airline industry. Earnings are down at Southwest Airlines, and Continental Airlines is restructuring its Lite operation, as well as streamlining its widebody fleet, inclu ding the retirement of its A300s. Southwest shocked the markets in early December ...
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China signs off on MDC
President Clinton's attempt to capitalise on China's decision to shift part of the production of its Trunkliner aircraft order from Shanghai to California ignores fundamental changes in China's position that do not bode well for McDonnell Douglas. Three days before US Congressional elections, Clinton said that the revised ...
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Room to boom
Airports Asia-Pacific governments have clearly signalled their intention to take coordinated action to solve the region's serious infrastructure problems. John Meredith of ATAG reports. It's a known fact: demand for air transport is growing faster in Asia-Pacific than in any other world region. And until recently it was assumed by ...
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If you can't beat 'em ...
AMR Corp American has abandoned its longstanding opposition to codesharing alliances and is joining the movement by seeking to attract the large partners it needs to extend its global network. Mead Jennings reports.To hear AMR Corp executives talk, you would think the industry was following American Airlines' lead in pursuing ...
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Airline news
KLM and US partner Northwest will start a joint venture service between Amsterdam and Memphis from the end of June 1995. The four times weekly service to Northwest's third major US hub will be operated by a KLM MD-11 and is the US city's first intercontinental link. United ...
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New balance of power in Europe
The reshaped European Union due to come into being on 1 January 1995 will be very different from its predecessor. Even without Norway and Switzerland, the addition of Sweden, Finland, Austria and Liechtenstein will change the balance of economic, fiscal and political power in the Union. From now on, ...
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A fly in the ointment?
The Spanish government appears to be pursuing brinkmanship tactics with the unions in an attempt to settle the chaos surrounding troubled flag carrier Iberia. As pilots walked away from the negotiating table at presstime, industry minister Juan Manuel Eguiagaray threatened to go ahead with 5,200 layoffs and plans ...