Fleets – Page 896
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News
Sweden's Novair plans long haul fleet revamp
Swedish charter airline Novair is phasing out its fleet of Lockheed L-1011 TriStar 500s, as it prepares to update its long haul fleet with Boeing 767 twinjets. The wholly owned subsidiary of Apollo, Scandinavia's third largest tour operator, has appointed UK remarketing agent Cabot Aviation to find buyers for ...
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Marketplace
Further to last week's report, the three Airbus A320s being acquired by Airtours International German associate Fly FTI are being leased from Japanese Lessor Orix. The Munich-based charter airline is also leasing a Boeing 737. Fortis Aviation has placed two 11-year-old ex-Philippine Airlines Shorts 360-300s on two-year leases with German ...
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Boeing pledges to enforce get tough policy on loss-makers
Peter La Franchi/SYDNEY Chris Jasper/LONDON Boeing chief executive Phil Condit has warned that 'value-destroying' programmes identified as lost causes will either be "shut down" or sold off. Confirming Boeing's commitment to a zero-tolerance approach to loss-making operations, introduced by new chief financial officer (CFO) Debby Hopkins, Condit says ...
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Airtruck threatened by order drought
Israel Aircraft Industries (IAI) is struggling to launch its planned Airtruck cargo turboprop project, having failed to secure any firm orders for the aircraft. IAI developed the Airtruck to a FedEx requirement for a new turboprop cargo aircraft to replace its Fokker F27 turboprop freighters (Flight International, 20-27 August, ...
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Sting in the tail
After years of economic woes, at least one of Brazil's airlines could disappear by the end of the year. For the survivors, however, long term prospects look brighter Brian Homewood/RIO DE JANEIROBrazilian airlines have survived major financial troubles over the past 15 years, but officials and analysts fear that ...
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Airbus offers model mix to El Al
Arie Egozi/TEL AVIV Airbus is offering El Al up to 10 A330/A340s as the Israeli national carrier finalises its long-haul fleet renewal plans. A Boeing offer of various widebody twinjets is also being studied, and the airline expects to finalise its selection within the next two months. The Airbus ...
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Embraer revels in record year
Paul Lewis/WASHINGTON DC Brazilian regional aircraft manufacturer Embraer says 1998 was the most successful year in its history, after a record net profit of $103 million for the 12 months, compared with a loss of $29.6 million in 1997. Embraer says the improvement stemmed from a 75% increase in ...
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Air Foyle consortium takes controlling stake in CityJet
Chris Jasper/LONDON A consortium led by UK cargo carrier Air Foyle has purchased a controlling stake in Irish independent airline CityJet for a sum in excess of Ir£5 million ($6.8 million). Sources close to the deal say that it should stabilise Dublin-based CityJet and allow it develop its ...
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Sole A340-8000 may be put up for sale
The one and only Airbus Industrie A340-8000, completed in the middle of last year, faces an uncertain future because of the financial crisis surrounding controversial Brunei Prince Jefri, who placed the launch order. The four-engined jet, an ultra-long-range derivative of the A340-200, has been parked at Berlin's Schönefeld Airfield ...
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Ansett Australia ponders fleet rationalisation
Paul Phelan/CAIRNS Ansett Australia is aiming to define its fleet development plan by the end of this year. It will decide on a new widebody type to serve domestic trunk and Asian routes and on the rationalisation of the carrier's domestic narrowbody fleet. Executive chairman Rod Eddington says: ...
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Irish commuter carrier takes 146s
Aer Lingus Commuter's British Aerospace 146 fleet has been expanded to eight with the delivery of an ex-Thai International -300 leased from BAe Asset Management. The regional division of Aer Lingus operates two 146-200s and six -300s, alongside six Fokker 50 turboprops, with lease commitments extending to 2007. Source: Flight ...
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BMW R-R offers new BR700 for ERJ family
Guy Norris/MUNICH Graham Warwick/WASHINGTON DC BMW Rolls-Royce is proposing a new version of the BR700 turbofan to power Embraer's planned family of 70/90-seat regional jets, the ERJ-170 and -190, as the Brazilian manufacturer seeks bids from suppliers for systems and structures. Potential risk-sharing partners are expected to submit bids this ...
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Cathay extends deadline in pilots' pay dispute
Andrzej Jeziorski/SINGAPORE Cathay Pacific Airways pilots have until 30 April to respond to an offer of stock options in exchange for a pay cut. The Hong Kong Air Crew Officers' Association (AOA)has welcomed the extension of the deadline, from 6 April to 30 April. Cathay initially tried to ...
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IPTN takes part in Boeing product development study
Guy Norris/LOS ANGELES Andrzej Jeziorski/SINGAPORE Indonesian aerospace company IPTN has started work on an advanced product development (PD) study for Boeing, which is evaluating new, simpler, fuselage structures. "We have contracted them for some preliminary design studies for a different structural approach to how you do a fuselage," ...
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Malaysia Airlinesplans to sell aircraft in consolidation plan
Andrzej Jeziorski/SINGAPORE Malaysia Airlines (MAS)plans to sell three Boeing 747 Combis, one 737-300F freighter and five 737-500s under its fleet consolidation programme. According to MAS vice-president of asset management Razali Harun, the company wants to base passenger operations on 737-400s, 777-200s and Pratt & Whitney PW4000-powered Boeing 747-400s, ...
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Marketplace
Ansett Worldwide Aviation Services (AWAS) has taken delivery of the first of five Next Generation 737-700s it has on order, which has been placed with an undisclosed customer in Asia. AWAS is understood recently to have cancelled at least three of its Next Generation 737 orders. TWA ...
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Southwest plans for expansion of non-stop services
Southwest Airlines is to add non-stop services between 20 cities as it continues to take delivery of new Boeing 737-700 narrowbodies. The Dallas, Texas-based low fares carrier expects to take delivery of 29 Next Generation 737s this year, and retire its six oldest 737-200s, taking its fleet to 306 ...
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Little relief in taxing times
Jack Sellsby/LONDON Tax law changes have put paid to cheap deals Until the final quarter of last year, potential aircraft purchasers could take advantage of major rivalry in the aircraft finance markets between finance houses and banks in different jurisdictions offering airlines attractive tax-based finance structures. These made financing aircraft ...
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Airlines keep options open
Jack Sellsby/LONDON A wide choice of financial packages brings its own complications Ask an aircraft financier about the best way to pay for an airliner and there is never a simple answer - either in healthy economic times or poor. But airlines may have a surprisingly wide choice of finance ...
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Credit search
Jack Sellsby/LONDON Financing aircraft can be a nightmare for some airlines and a hazard for lenders Airlines spend billions of dollars on new aircraft deliveries each year, and manufacturers - aided by their ever-willing and export-minded governments - ensure comparable amounts of commercial jets are financed. Airlines with ...