All news – Page 7353
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News
Alright son?
The son-in-law of Russian president Boris Yeltsin is the new chief executive of Aeroflot Russian International Airlines. Valery Okulov replaces Yevgeny Shaposhnikov, who becomes Yeltsin's aerospace adviser. Source: Airline Business
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Debonair cash
UK startup Debonair hopes to receive a US$38 million capital injection from a major European bank by 31 March. As well as providing funds for expansion with larger aircraft, the equity will make Debonair majority European owned. Source: Airline Business
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JAL's review
Moody's is reviewing Japan Airlines' long-term debt ratings and the short-term rating of its subsidiary, JAL Capital Corporation, for a possible downgrade. Source: Airline Business
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Spanish orders
LanChile shareholders have until 24 March to respond to an injunction from Iberia demanding that they sell their controlling stake in Ladeco. If successful, Chile's antitrust authorities could force LanChile's owners to divest. Source: Airline Business
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Viasa wreckage
The Venezuelan state and Iberia have agreed to put Viasa into liquidation. The deal should provide some US$20 million in redundancy costs, while Iberia will pardon US$30 million of Viasa's debts to reduce total liabilities below the value of its assets. Source: Airline Business
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Russain codes
Russia's aviation code has been approved by both houses of parliament. Russia has also signed a bilateral with Taiwan, giving both China Airlines and Transaero two weekly return flights between Moscow and Taipei. Source: Airline Business
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Aircraft news
Atlantic Southeast Airlines has ordered 30 Canadair Regional Jet 200s, plus 60 options, with deliveries starting in August. British Columbia-based Central Mountain Air has ordered 10 Beech 1900Ds, with 10 options, with deliveries between April and November. American Eagle has ordered 12 ATR72-210As, with deliveries between ...
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Suppliers
Singapore Airlines has become the first customer for Airbus' AIMFANS A datalink, which will be used to equip the carrier's fleet of A340s. Certification is expected in early 1998. Unison is expected to buy BFGoodrich's aerospace engine electrical systems division by the end of June. Boeing ...
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Appointments
Air Marshall Islands has appointed Peter R Hanna as chief executive officer. James A Robinson has been appointed president and member of the board of directors of Fairchild Aerospace Corporation while Michael L Meshay has joined the board of Fairchild subsidiary Dornier Luftfahrt. Hans-G Koch became ...
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Airports
Singapore, Zürich, Manchester, Melbourne and Amsterdam are the top five airports for overall passenger convenience for long-haul services in Iata's 1996 airport monitor. Dasa has signed contracts for the construction of a cargo terminal at Hong Kong/Chek Lap Kok and the expansion and modernisation of Archangel-Tolagy airport. ...
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Brit franchise
French regional Brit Air has signed a global franchise agreement with Air France, ramping up its current deal on two routes to cover all Brit Air's regional and intra-European services and 10 routes currently operated by Air France Group carriers. The deal starts at the end of October for five ...
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Midland shares
Lufthansa and British Midland have confirmed their long-awaited codeshare agreement. The deal will see the UK carrier launch a twice daily service between London/Heathrow and Cologne-Bonn and a single daily fifth freedom service onwards from Germany to Rome/Fiumicino. Source: Airline Business
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Ryanair to float
Irish low-cost carrier Ryanair was planning to offer 54.1 million shares on the Dublin and New York markets at presstime. The offering at the end of May will mean about 35 per cent of Ryanair's shares will be publicly traded. Ryanair aims to raise US$157 million from the flotation to ...
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New pals?
Philippine Airlines is looking for new investors to take up some 348 million unsubscribed shares - about 12 per cent of PAL's outstanding stock. Part of the block is on offer to both local and offshore investors for some US$64 million. The carrier is talking to potential buyers from the ...
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Sun short list
The South African government has shortlisted eight consortia bidding for a 49 per cent stake of Sun Air, including four consortia led by Virgin Atlantic, MAS, Air France and Comair. Source: Airline Business
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Two to go
After an 18-month delay the Joint Liaison Group has approved Hong Kong's bilateral with the US, leaving only two major bilaterals pending. Hong Kong has agreed deals with both the UK and Japan, but both still need approval, which is expected before Hong Kong's handover. The US pact expands third ...
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Appointments
François Bachelet becomes chief operating officer of Air France Cargo. Martin George has become British Airways' director of marketing. Meanwhile, BA's chief executive Bob Ayling has become chairman of the Association of European Airlines for 1997. Willem E Kooijman will become KLM's executive vice president personnel ...
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Subsidy talks
The US has rejected a call from the EU for a special meeting to discuss aircraft subsidies in mid-May. But Washington has indicated its willingness to discuss the issue at the next round of trade talks in mid-June. Source: Airline Business