All news – Page 7656
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Aircraft news
Saudia has confirmed its order for 23 Boeing 777-200s, five B747-400s, 29 MD-90s and four MD-11s. Announcing its intention to build a stretched version of the B777, Boeing received orders for 10 B777-300s from All Nippon Airways and six from Thai International. Cathay Pacific has converted ...
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Appointments
John McQuaid has been named chief executive officer of Airbus Finance Company. Douglas Parker has been appointed senior vice president and chief financial officer of America West Airlines. Ford Ennals has been named as director of marketing at British Airways. Jorma Eloranta has been ...
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All American airline dream
What is it about the airline industry that makes an entrepreneur's heart go of a flutter? Few people outside Houston ever grow up dreaming that they will one day start an oil company - though take note if your kid asks what the per-barrel price of East Texas crude will ...
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Orders plummet
Garuda Indonesia's hopes of finding an international equity partner have taken another dip with the airline slashing orders for new aircraft in the face of a mounting capital shortfall. The carrier will now buy nine Boeing jets - seven B737s and two B747s - instead of 25, will lease six ...
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Qantas in Fiji
As Qantas nears its final share issue (see p18), it has dabbled in the investment market itself, increasing an existing equity holding in Fiji flag Air Pacific. Qantas raised its stake to 17.5 per cent after buying a 7.5 per cent holding from Sea-Com Corporation of Japan. ...
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Chek money OK
China and Britain have agreed on the financial support agreements for Chek Lap Kok airport, allowing the airport authority and railway link company to tap into the capital markets for a further HK$23 billion (US$3 billion). The Hong Kong government has confirmed that the airport will not now open until ...
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Pilot pay deal
Continental's pilots, without a contract since unionising in 1993, tentatively agreed to a plan that will increase their pay by 18.5 per cent over the next two years. The agreement also includes a pay snapback and a cash payout of $20 million, the latter going into effect upon signing the ...
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Dutch loss
Fokker has warned shareholders that equity will fall to below half the issued share capital, as the net loss in the first half of 1995 was expected to be greater than the DFl449 million ($288 million) loss for all of 1994. Source: Airline Business
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UK shuffle
Sir George Young is the new UK secretary of state for transport following a cabinet reshuffle in early July. He has had little exposure to transport issues, previously holding the post of financial secretary to the Treasury for the past 12 months. Source: Airline Business
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USAir setback
USAir suffered a setback with its restructuring plan when its flight attendants voted 55 to 45 per cent against the proposal. The struggling carrier has yet to get pilot or machinist approval, and must now start talking with the flight attendants again to reach their targeted saving of $52.8 million. ...
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LIAT sale
The privatisation of Liat is going forward, with Trinidad and Tobago's BWIA the probable lead investor in the small Antigua-based Carribbean regional. BWIA has proposed a 22 per cent investment, and will provide marketing services for Liat. The Antiguan government will retain 10 per cent of the privatised carrier, employees ...
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Financial results
Air Canada cut its operating loss from C$12m to C$7m. Passengers and yields both rose 6%. There were C$40m of non-operating gains in 1994. Operating income trebled to US$162.2m, moving ANA into the black. Boosted by the Kobe earthquake and the strong yen, traffic rose 6.1%. ...
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Same old story
Bilaterals The reasons underlying the long-running bilateral dispute between the US and Japan are little changed. But David Knibb explains that economic and political imperatives could well signal the end to what has become an uncomfortable impasse.The scene is a familiar one: a US airline proposes a route beyond Japan, ...
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Technology tradeoffs
As the taxi pulls into the airport, the passenger's personal digital assistant (PDA) flashes the message that his flight is delayed for an hour, and asks him to confirm his inflight meal selection. He swipes his SmartCredit card through the taximeter, enters his personal authorisation code, adds a tip for ...
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The sum of future parts
Global Airways flight 632 is midway between Manchester and Orlando. A line maintenance technician in Orlando, monitoring the aircraft's systems via satellite, is alerted to a malfunctioning aft fuel pump. The technician, who has never handled this problem before, consults a virtual workplace to review the system design and get ...
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Superjumbo or white elephant?
Mrs Akido is flying from Sapporo to Fukuoka to visit her mother. While the aircraft is taxiing to the runway, she goes through the safety procedure on her virtual reality screen. In the noise-proofed cabin she cannot hear the roar of the engines, nestling under the 80 metre wingspan, as ...