Fleets – Page 873
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News
Marketplace
DHL Worldwide Express is purchasing two Boeing 757-200 freighters for its European and African networks, from Ansett Worldwide Aviation Services (AWAS) in a deal worth over $60 million. The aircraft, one of which is already leased by DHL for its Dubai/Bahrain-Brussels services, will be delivered in January and March. DHL ...
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Lessors raise regional jet interest as demand rises
Andrew Doyle/MUNICH The major leasing companies are stepping up talks with Bombardier, Embraer and Fairchild over potential large orders for regional jets as airline demand for 50- to 100-seat aircraft accelerates. Deutsche Bank-owned Boullioun Aviation Services is being tipped by industry sources as a likely front-runner with a ...
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Southern Air ready to go after DoT vote
Start-up cargo carrier Southern Air has won US Department of Transportation approval to begin operations, but will have to do so without routes from bankrupt Southern Air Transport (SAT). Services will begin next year. The Columbus, Ohio-based company plans to offer aircraft, crew, maintenance and insurance (ACMI) wet-lease services ...
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Tatarstan supports Tu-214 lease scheme
Production of the Tupolev Tu-214 in the Russian republic of Tatarstan is gearing up, following agreements to support production and leasing of the 200-seat twinjet. Meanwhile, local carrier Sibir Airlines is finalising a lease deal for three examples. The Perm and Novosibirsk regions of Tatarstan have signed agreements to ...
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Board poised for A3XX decision
The Airbus Industrie supervisory board is to decide whether to authorise managing director Noel Forgeard to begin soliciting airline commitments for the A3XX at an extraordinary meeting planned for 8 December. If the consortium gets the green light, Forgeard will visit key target customers for the ultra-high capacity airliner ...
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Leasing companies drop 767-400ER commitments after poor demand
Andrew Doyle/MUNICH Guy Norris/LOS ANGELES Leasing companies General Electric Capital Aviation Services (GECAS) and International Lease Finance (ILFC) have dropped their combined orders for seven Boeing 767-400ERs after failing to find sufficient market interest in the stretched twins. ILFC says it has switched its four remaining -400ER commitments for ...
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USA pressures El Al over Airbus buy
El Al is coming under increasing political pressure from the USA to rethink its selection of the Airbus A330, and re-evaluate the Boeing alternative. Last month El Al decided to split its medium capacity fleet order between Boeing and Airbus, ordering three Boeing 777-200ERs and announcing plans to buy ...
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Boeing looks at 757 slowdown
Guy Norris/LOS ANGELES Falling order backlogs are forcing Boeing to study a production slowdown of the 757 earlier than expected next year. Boeing plans to deliver 53 757s next year, and has been preparing to cut the rate from the present five per month to around 4.5. But now ...
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Long-range workout
How has the latest long-range A330 performed since its entry into service? Andrew Doyle/ZURICH Max Kingsley-Jones/LUTON Paul Lewis/WASHINGTON DC In its latest market forecast, Airbus Industrie predicts that 210/250-seaters like the A330-200 will make up one-fifth of the 14,800 new aircraft to be delivered over the next 20 years. The ...
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KAL boss arrested on tax evasion charges
Andrzej Jeziorski/SINGAPORE South Korean police have arrested Korean Air (KAL) chairman Cho Yang-Ho on charges of tax evasion and embezzlement. Cho was arrested on 11 November. Prosecutors have reportedly charged him with evading 62.9 billion won ($54 million)of taxes and embezzling billions of won in company funds. ...
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Marketplace
Singapore Aircraft Leasing Enterprise has firmed up a commitment for 23 more A320 family aircraft, taking the Singapore Airlines/Boullioun Aviation joint venture's Airbus narrowbody orders to 41. The deal includes 20 A320s and three A321s for delivery between early 2001 and 2008. Engine selections have not been announced. Malaysia Airlines' ...
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Workshop
Lease management provider C-S Aviation Services has entered into a five-year tripartite agreement with Air India and Aviation Sales Distribution to perform maintenance on its General Electric CF6-50C2 engines on an exclusive basis. The contract, worth $100 million, stipulates a five-year option to extend the agreement. Air India will perform ...
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British Midland deal helps boost Star's presence at Heathrow
Laura Hailstone/LONDON British Midland (BM) has confirmed its much-anticipated entry into the Star alliance. This follows Lufthansa's acquisition of a 20% stake from partner SAS for £91.4 million ($150 million). The deal, which will see SAS' shareholding reduced to 20%, gives Star more than a quarter of all movements ...
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Falling down
The boom-bust cycle of airliner production is raising its ugly head again in Seattle, but this time it's not the industry cycle that is ringing the alarm bells around Puget Sound. For although Boeing is set to slash rates by at least 20%, it cannot take solace in the fact ...
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Emirates turns class into marketable commodity
Mike Martin/DUBAI Emirates will consider taking a stake in other airlines - as it has with SriLankan - but will not rush into new ventures, Emirates chief director Group Services Gary Chapman said at the show. "We will consider opportunities with our feet firmly on the ground," says ...
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Marconi HUD system cleared for B737
Tim Ripley/DUBAI Marconi Avionics executives are celebrating being awarded Supplemental Type Certification (STC) by the US Federal Aviation Administration (FAA) for full operational use of the HUD 2020 Visual Guidance System (VGS) on Boeing 737-800 aircraft. "The award of STC to Marconi is a major milestone in promoting ...
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Boeing scorns arguments for super-large aircraft
Geoff Thomas/DUBAI Boeing is back... at least according to executive vice-president sales and marketing Seddick Belyamani. Speaking at the show yesterday he said that the Seattle-based company was back on course toward convincing its shareholders that the ills of the past decade are behind them. "Our goal is ...
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Volvo applauds China deal for GE engines
China Airlines' selection of General Electric engines for its 13 new Boeing 747-400 aircraft is good news for Volvo Aero which supplies components for the engine. The order value to the Swedish manufacturer is expected to be $25 million. The total order for CF60-80C2 GE engines is 52. ...
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Political thaw brings hint of new Middle East markets
The sun will set on the final day of Dubai 2000 with memories of a world-class show site and intriguing possibilities on the horizon in the Middle East. Like some mirage of the desert, the possibilities of new markets are glimpsed and become clearer. Likely civil aircraft deals in ...
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Dragonair growth
Hong Kong's Dragonair has revealed it may take more aircraft than originally scheduled next year on the back of the sustained recovery in regional economies. Dragonair chief executive officer Stanley Hui says that consistent signs of recovery from the mid-1997 regional economic downturn have led it to review "business ...