All news – Page 7427
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Kenyan shares
The sale of 48 per cent of Kenya Airways to local and international investors looked set to be massively oversubscribed after the offer price was set at KS11.25 ($0.19) per share against an asset value of KS17.38 per share. The issue was due to close in mid-April. The carrier is ...
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Afrique rebels
Flight crew, cabin crew and ground staff unions at Air Afrique are threatening strike action in a bid to topple the carrier's president Yves Roland-Billecarte and his management team following the failure of a number of rescue packages, according to the International Transport Workers Federation. The carrier is predicting losses ...
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Double hubbing
Air France has modified operations at its Charles de Gaulle hub to create five waves of flights, with a maximum wait of 150 minutes for a connection. This should increase revenue by $200 million. Manchester airport has opened its 'Superhub' aimed at cutting transfer times between international and ...
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Claiming less
Aviation insurance claims fell in 1995, with worldwide hull losses totalling $434 million, according to the Financial Times. This was half the level of 1994, one of the worst years. Source: Airline Business
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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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BM in court
The UK CAA is taking British Midland to court on two charges of negligent endangering under the Air Navigation Order. The case, the first of its kind against a scheduled carrier, was brought after an emergency landing in February 1995 by a B737-400 at London/Luton. Source: ...
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Rafi resigns
El Al's president Raphael Harlev has resigned because of the indefinite postponement of privatisation. The carrier had yet to appoint a successor, at presstime. Meanwhile, the Israeli flag has signed a codeshare agreement with American Airlines on its Tel Aviv flights to Chicago and Newark. The US carrier will put ...
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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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Capital krona
SAS' three parent companies are providing the Scandinavian carrier with a capital contribution of SKr1.4 billion ($210 million). Additionally the Danish parent, DDL, will carry out a new stock issue worth DKr550 million ($96.3 million), while the Swedish parent, Sila/ABB, will pay a one-off total dividend to shareholders of SKr1.7 ...
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Nice and easy
UK low-fare, no-frills startup EasyJet is continuing its rapid expansion with the launch of daily flights from London/Luton to Nice and Barcelona from early June. One-way fares start at $31. Source: Airline Business
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ATC: food for thought
The diverse worlds of air traffic control and airline catering meet with the extraordinary acronym of Eatchip, which, much to the disappointment of food aficionados, stands for European Air Traffic Control Harmonisaton and Improvement Programme. All of a sudden, the usually lugubrious air traffic control sector has moved ...
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FLIR for UH-1H
FLIR Systems has been awarded a US Navy contract for up to 100 thermal-imaging navigation sensors, potentially worth $45.5 million, for US Marine Corps Bell UH-1H helicopters. Source: Flight International
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Funds returned
The USA has returned $124 million to Pakistan as a first installment in a promised $658 million refund for Lockheed Martin F-16s which had been embargoed and were never delivered to Pakistan. Source: Flight International
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Italian upgrade
Raytheon Electronics Systems has received a $21 million Alenia contract to supply software for a $110 million programme to update Italy's Hawk air-defence-missile systems, managed by the Paris-based NATO Hawk Production and Logistics Organisation. Source: Flight International
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Tokyo codeshare
All Nippon Airways (ANA) and Delta Air Lines plan a Los Angeles-Tokyo code-sharing/blocked-seat deal, beginning on 1 September, under which Delta will purchase seats on ANA's daily Boeing 747-400 flights and ANA will purchase seats on Delta's six weekly McDonnell Douglas MD-11 flights. Source: Flight International
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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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Delta approves
Delta Airlines' pilots have approved a new four-year contract, which provides increased job security, and a seat on the board, in exchange for concessions to allow Delta to start low-cost short-haul operations to compete with low-fare carriers. Source: Flight International
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Water in space
The European Space Agency's Infrared Space Observatory has recorded a space first with the detection of more than 20 water-vapour emission lines in the far infra-red spectrum around the pulsating cool red-giant star, W Hydrae, 300 light years away in the constellation of Hydra Transbrazil. Source: ...
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The X-prize
The X-Prize Foundation, has been established to find private benefactors, to provide $10 million funding to award to the first private team, to build a re-useable space craft to carry three people on a sub-orbital space-flight, "...doing for space what the Orteig Prize, "won by Lindbergh" did for aviation", say ...
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NATO Harmonisation
The US Department of Defense is drawing up requests for proposals (RFPs) for the equipment needed by Eastern European nations to harmonise their military and civil airspace-control systems. The Czech Republic, Hungary, Poland and Slovakia are the first four countries to agree to step up civil/military and cross-border co-operation as ...