All news – Page 7378
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Tay approval
IPTN's Universal Maintenance Centre at Bandung, Indonesia, has been granted US Federal Aviation Administration approval for the repair and overhaul of the Rolls-Royce Tay 650 engine. This follows Rolls-Royce's own approval to maintain the engine. The Tay 650 powers the Fokker 100 regional airliner, which is operated by Indonesian airlines ...
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F-16 prediction
Ralph Heath, vice-president of Lockheed Martin Tactical Aircraft Systems, says that sales opportunities for the F-16 in the Far East region are expected to reach 160 units before 2005. Most of the aircraft sold will be new-build C/D, or Batch 22, models. Source: Flight International
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LIAT orders DASH 8s
Caribbean regional carrier LIAT has ordered three 50-seat Bombardier de Havilland Dash 8-300 turboprops, worth about $43 million. The airline already operates nine 36-seat Dash 8-100s, and six Twin Otters. Source: Flight International
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ATC data
MCI is to build and operate a nationwide satellite-communications network designed to transfer radar information and computer, navigational and weather data among air-traffic-control centres under a $165 million ten-year contract from the US Federal Aviation Administration. The telecommunications firm had previously won a contract to construct a nationwide, private-communications network ...
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Ethiopian expands
Ethiopian Airlines is wet-leasing a Boeing 767-300ER from Gulf Air from early July, to expand capacity on its European and West African routes. It also plans to dry-lease two AI(R) ATR 42s from the manufacturer, for its domestic routes. Meanwhile, Ethiopian confirms that it expects to receive all five Fokker ...
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EPHAG tests
Bodenseewerk Geratetechnik is to carry out a further set of target firings of its EPHAG gun-launched anti-helicopter guided projectile. The infra-red-guided weapon will be fired against 0.5 x 0.5m targets in a series of German Government-funded tests over the next two years. The projectile has a range of 5-6km (3-3.5nm). ...
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Money for space
The UK Government is adding $10.9 million to its $308 million annual space budget. The money will be used to enhance support for European Space Agency (ESA) satellite navigation and programme initiatives in technology and applications. An additional $5.5 million has been allocated to the global navigation satellite system. ...
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World shrinks
World Airways is to phase out its unprofitable scheduled charter flights to Europe, which represent about 15% of its business, by the end of September, to concentrate on its wet-lease and US military charter businesses. World Airways is eliminating operations to nine European cities from six US cities. Unaffected are ...
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Bouillioun order
Boullioun Aviation Services has concluded a $350 million contract with Boeing for eight Boeing 737-300s, which marks the first new order placed by the lessor. It is understood that some of the orders could be delivered as the -400 variant. The Seattle, USA-based leasing company, a division of Sumimoto Trust ...
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Training benchmarked
Taxation differences are the principal reason why UK pilot-training schools are more expensive than those in the USA, a UK General Aviation Manufacturers and Traders Association study to be published this week is expected to reveal. On the operational side, the US cost advantage appears to be better instructor utilisation, ...
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Share and share alike
The second part of this year's airline alliance survey provides an at a glance guide to airlines which have equity stakes in one another. The first table lists airlines which are wholly or partly owned by other carriers, while the second lists airlines which own stakes in others. The tables ...
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Emirates first
Emirates has secured the financing for its first B777-200 with a US$106.25 million loan arranged by Citibank and co-led by Bank of Tokyo, Mitsubishi Bank and Credit Lyonnais. The aircraft was due for delivery in early June. Source: Airline Business
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Sale and delay
China Airlines' holding company, China Aviation Development Foundation (CADF), is to sell 16 per cent of its 82 per cent stake in the Taiwanese flag to help finance new aircraft and boost the carrier's paid-up capital. Meanwhile, TransAsia Airways is to delay its planned IPO on Taipei's stock ...
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ANA bonds
All Nippon Airways was set to raise Y100 billion in mid-June through the issue of its fifth unsecured convertible bond. The carrier will use the proceeds to finance aircraft purchases worth Y55.3 billion and to redeem a previous Y42.4 billion unsecured convertible bond issue. Source: Airline ...
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Indian aid
Air India has secured a US$355 million credit facility, lead managed by Chase Manhattan Bank, to help finance the purchase of two B747-400s due for delivery in the second half of this year. Source: Airline Business
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Spata spur
The European Commission has approved an Ecu2.15 billion ($2.6 billion) financing package for Athens' new airport project. Spata will become have annual capacity of some 15 million passengers when it opens in 2000, replacing Athens' existing airport. Source: Airline Business
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Rail rivals
European rail operators have thrown down another gauntlet with the introduction of a high-speed TGV service linking Paris, Brussels and Amsterdam. Operating under the name Thalys, the service will eventually reduce the rail journey time between Paris and Amsterdam from 5 hours 20 minutes to just under four hours. ...
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More Fokkers
Bankrupt Fokker is to build another 15 aircraft. The manufacturer will fulfill an order from KLM for a further seven F70s, while Vietnam Airlines will take delivery of two more of the regional jets. Ethiopian Airlines will get four F50s, while Formosa Airlines and TAM of Brazil will take one ...
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Debonair debut
UK startup Debonair was due to begin operating with a fleet of BAe146s in mid June, offering services from its London/Luton base to Barcelona, Munich and Düsseldorf. Source: Airline Business
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Cost cuts
It is ironic that two of Europe's airline success stories, British Airways and Lufthansa, are embarking on aggressive new cost-cutting programmes at a time when many of the money-losing carriers are still struggling to get their first-generation programmes in place. BA and Lufthansa are performing well, but not ...