All news – Page 7594
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Systems head
David Welp has been appointed president of Texas Instrument's Systems Group. Welp has been with Texas Instruments since 1978, most recently as the Systems Group's executive vice-president and manager of the Advanced Programs Division. Source: Flight Daily News
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Webbed feat
Am-Safe has signed a ‘belting' deal to help improve passenger safety. Phoenix-based Am-Safe, a leading supplier of aviation seat belts and restraints, has purchased the assets of webbing maker Technical Textiles. The acquisition, announced at the Show, improved Am-Safe's capability to respond to a changing market requirements for ...
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P&W orders
Pratt & Whitney has announced a trio of orders for PW4000 engines to power expanded Boeing 747-400 fleets in the Asia Pacific region. Deliveries to Air China of three aircraft powered by PW4056 engines, rated at 250kN (50,000lb) of thrust, will begin in June 1997. In Taiwan, China ...
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Yemen choice
Yemenia-Yemen Airways' entree into the wide-body market will be powered by Pratt & Whitney's PW4156 engines. The Arab airline has ordered five engines - four installed and one spare - for two Airbus A310-300s, and a further four installed engines with one spare for two similar aircraft on option. ...
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Airline Business 100 - 1996
Rank Airline Revenue US$M OpResult US$M NetResult US$M net margin % fleet Total emps Revenue Tonne kilometres (mil) Revenue Pax km Pax millions Load Factor % Year End 95 94 Pax ...
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Private landings
The Philippines government is looking to privatise the country's 36 main airports, including Manila. The scheme will allow foreign companies to form joint ventures with local interests to take over responsibility for the management and upgrading of any of the airports on a build-operate-transfer basis, according to the Financial Times. ...
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Canadian change
Canadian Airlines and Air Canada have removed the travel agents commission cap of US$50 which they imposed on transborder flights to the US in July. Source: Airline Business
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Very exposed
Customer finance exposure of the world's aerospace companies has increased more than 50 per cent over the past five years. A survey of 20 airframe, engine and component suppliers by Moody's Investor Services reveals that total exposure rose by 3.5 per cent to almost $28 billion last year. ...
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Canadian RJs
Romanian startup DAC Air was set to launch international scheduled charter flights in mid-August. Planned destinations include Istanbul, Athens, Stuttgart, Venice, Bologna and London/Gatwick. The carrier operates three Dash 8s on domestic routes, and has three more Dash 8s and four Canadair RJs on order. Source: ...
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Airports
Belfast Airport is to be acquired by property group TBI for ú72.4 million ($112 million) plus repayment of ú28 million of debt. TBI bought Cardiff Airport last year. British Airways is to transfer 13 weekly flights to Argentina, Brazil, Chile, Colombia, Mexico and Venezuela and three B747-400s from ...
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Aircraft news
General Electric Capital Aviation Services has placed 40 firm orders for Airbus A319s, A320s and A321s, with options for a further 40, plus five firm orders and five options for A340-300s. GATX Capital has placed orders for 10 B737-800s, with options for a further 10, as well as ...
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Suppliers
Dutch manufacturer Stork is to pay DFl302.5 million ($182 million) to take over Fokker Aviation, the solvent maintenance and support arm of Fokker. Rolls-Royce has signed a memorandum of understanding with Boeing about developing the Trent 900 engine for the stretched B747. Pratt & Whitney's PW4090 ...
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Appointments
Canadian Airlines has named Doug Carty as its vice president of finance to succeed Kevin Benson, who has been elected president and chief financial officer. Giles Filiatreault is to replace Mike Stanfield as chief executive officer of BWIA International Airways. David Taylor has resigned as president ...
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Magic Michot?
Yves Michot is the new chairman of Aérospatiale. He will oversee the restructuring of the unprofitable French aerospace group, including the merger of the company's Airbus activities with those of its three other European partners to form a public limited company. Source: Airline Business
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Safety valued
ValuJet has appointed Jim Jensen, the former vice president product support for Douglas Aircraft, as senior vice president maintenance and engineering. Source: Airline Business
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Safety first
British Midland's parent, Airlines of Britain Holdings, has hired Frank Turner, the former managing director of Lucas Aerospace, to oversee the group's maintenance and engineering operation. The new post was created following a review of procedures after bad maintenance led to an emergency landing by a B737 last year - ...
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MEA's money
Middle East Airlines will get its long-awaited capital injection, totalling US$225 million. The Lebanese government injected an initial US$100 million in late July. Air France, which holds a 28 per cent stake in MEA, had until mid-August to decide whether to participate in the second US$125 million injection. ...
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Canadian fears
US rivals fear the antitrust application by United Airlines and Air Canada could create a competitive imbalance in the US-Canada market. Under the open skies agreement, a phase-in period that expires in 1998 limits capacity in the Toronto market, where Air Canada dominates. Source: Airline Business
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Caracas crunch
US-Venezuelan aviation relations hit an all-time low in August after the FAA grounded Avensa and Zuliana aircraft at Miami for inspection. Caracas retaliated by grounding American and United aircraft. The tit-for-tat episode, which appears to have been limited to one day, is part of a simmering dispute in which the ...