All news – Page 7603
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Suppliers
Air Asia Company and McDonnell Douglas Corporation have signed a licence agreement under which AAC becomes the maintenance centre for McDonnell Douglas aircraft operators in Taiwan. GE Engine Services has been awarded a £380 million contract by Southwest Airlines to maintain the engines of its B737-700 fleet. ...
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Shannon boost
Struggling Irish third party maintenance provider Shannon Aerospace is to receive a I£24 million ($38 million) capital injection, of which I£12 million will come from the Irish government over the next two years following European Commission approval. The other half comes from lessor GPA, which recently sold its 30 per ...
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Regionals grow
Taiwan's TransAsia Airlines and Indonesia's Bouraq Airlines will join the growing club of secondary Asian carriers serving regional routes. Both launch Taipei-Surabaya flights in early October. TransAsia is also a contender for Taipei-Macau, while Bouraq has received Jakarta's nod for five regional destinations. Source: Airline Business
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Exim cuts
Eximbank has lowered its fee for large aircraft guarantee transactions from 4 to 3 per cent in an effort to make US export credit more competitive with European credit agency-backed transactions. In recent years, the ECAs have adopted a more commercial approach with their support and extended export credit cover ...
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Irish sale
Aer Lingus has sold its Copthorne hotel chain to the Singapore-based CDL Hotels International for I£220 million ($349.5 million). The sale was part of the business plan approved by Brussels in clearing the carrier's state aid application in December 1993. Source: Airline Business
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Ecuatoriana back
Ecuatoriana was privatised at the end of August with a consortium led by Vasp buying a 50.1 per cent stake for $10.5 million up front, plus a promise to invest $64 million in cash and other resources over the next five years. The latter figure includes $21 million in subsidies ...
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Claims down
The world's major airlines incurred hull and liability losses totalling $158 million in the first seven months of 1995. This represents a drop of 81 per cent over the same period last year, according to Willis Corroon Aerospace. The world's major airlines incurred hull and liability losses totalling ...
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ANA linked
USAir has joined All Nippon Airways' frequent flyer programme, Program A. ANA already participates in USAir's Frequent Traveller Programme. Source: Airline Business
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Twin exit
Seth Schofield, USAir's chairman and chief executive, is to retire once his replacement has been found. Maurice Myers, president and chief operating officer of America West, retires at the end of the year with chairman and CEO William Franke assuming Myers' responsibilities until a successor is appointed. Source: Airline ...
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India reject
The Indian civil aviation ministry has confirmed it has rejected the proposed SIA-Tata joint venture, which was one of the three 'firm rejections' among 19 applications thrown out. The application may be reconsidered after general elections due before July 1996. Source: Airline Business
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Double maiden
The smallest and last of Airbus' current narrowbody family, the A319, made its maiden flight in August. Embraer flew and rolled out its first civil jet aircraft, the EMB.145, for the first time. Source: Airline Business
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Latvia go-ahead
SAS, Baltic International USA and two Scandinavian investment funds are to set up a new Latvian national carrier with the government. The unnamed carrier will absorb Baltic International, owned by BIUSA and the Latvian government, and have startup capital of $12.1 million. The state will hold 51 per cent, BIUSA ...
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Stop downsizing
Considerable barriers to rationalising airline maintenance remain. The answer lies not in downsizing but in upgrading training and systems, discarding outdated procedures and making facilities flexible, argues Scott Brandt.Airline maintenance has historically accounted for 9 to 13 per cent of an airline's operating costs. Maintenance cost per ASM varies throughout ...
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None the wiser
At a preliminary meeting to lay the groundwork for a quasi plenary session early next year, five members of the European Comité des Sages have begun a campaign to accelerate changes in European aviation policy. Mark Odell reports exclusively on the proceedings.Just when the European Commission thought it was safe, ...
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Voyage into cyberspace
Airlines are already taking their first tentative steps onto the Internet but remain uncertain over what type of product they should make available. By Carlos de Pommes, Steve Geller and Jens F Meyer.As the Internet continues its global expansion, cyberspace is becoming as big as outer space and the travel ...
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A breath of fresh air
After several wrong turnings on the bumpy alliance road, Sabena and Swissair are finally travelling together. In Brussels, Sabena chief executive Pierre Godfroid and alliance supremo Patrick du Bois discuss the prospects for the carrier with Trevor French.The irony is probably lost on Sabena chief executive Pierre Godfroid that almost ...
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Third party tussle
Despite excess capacity and reduced demand major carriers are returning to the third party maintenance & overhaul business as a key part of their maintenance and engineering strategies. By Steven Casley.In recent years third party maintenance organisations have been through a turbulent period of excess repair capacity, reduced carrier demand ...
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Pride of Argentina
Aerolineas Argentinas is hoping to break even this year, a sign that it could soon cease to be a financial drain on its ailing majority owner Iberia. Sara Guild reports.South America has been the bane of Iberia's expansionist existence since 1990. So it is perhaps a bit of a blow ...
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Rushing to compete
US and Canadian airlines have been rushing to fill the many gaps in the recently liberalised markets between the two countries. But opinions vary on which side will turn out to be the overall winner. Brian Dunn reports on the various strategies that exist in the newly created open ...
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Chilean combine
A restructured and profitable LanChile has finally taken control of its smaller rival Ladeco, securing access to substantial new markets. Sara Guild reports.Timing is everything. Certainly Sebastian Pinera would say so. The Chilean businessman and senator heads the company which in June sold 16.5 per cent of LanChile to take ...