Fleets – Page 937
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Asian crisis hits airline profits
Andrew Chuter/LONDON Economic turbulence in the Asia-Pacific region will wipe an estimated $2 billion off airline profits this year, according to figures from the International Air Transport Association (IATA). The losses estimates have been released as part of a revision of the region's traffic growth forecasts to 2001 ...
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AirTran aims for 'fresh start' after making heavy losses
US low fare airline AirTran says that it is "positioned for a turn-around", despite posting heavy losses for last year. The former ValuJet has reported a net loss for 1997 of $96.7 million, more than double its 1996 loss, on operating revenues that fell slightly, to $211.5 million. One-time ...
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Lufthansa cargo loads profits
Andrzej Jeziorski/MUNICH Lufthansa Cargo has revealed a "turnaround after two difficult years" in 1997, but warns that the air freight market remains uncertain. Profits for 1997 are expected to exceed DM100 million ($61.7 million) while yields in the fourth quarter showed a 10% improvement on the previous year. ...
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AIA 98 FINALIST:Alenia Difesa and Swedavia (Infrastructure)
The FarAway project, co-ordinated by Italy's Alenia Difesa, represents another step in the development of the future air traffic management concepts that Europe will have to adopt if growth is to continue in its overcrowded airspace. The project, financed by the European Commission, aims to validate the benefits of ...
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AIA 98 FINALIST:British Aerospace Aviation Services (Maintenance & Modifications)
British Aerospace Aviation Services set out just over two years ago to produce a realistically priced passenger to freighter conversion for the Airbus A300B4. In 1997 its plans became reality as the first three freighters left for customers. Last year's first milestone came in June as the conversion won ...
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AIA 98 WINNER:CFM International (Propulsion)
Increasing life cycles and lowering costs with the new CFM56-7 When Boeing delivered the first of its new generation 737 family towards the end of 1997, the event also marked the entry into service of CFM International's latest CFM56-7 engine, bringing with it significant advances in operating and maintenance costs. ...
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Asians sign up for Trent work
A memorandum of understanding for a proposed joint venture to undertake Trent engine overhaul and maintenance in Asia- Pacific has been signed by Rolls-Royce, Singapore Airlines Engineering (SIAEC) and Hong Kong Aero Engines Services (HAESL). HAESL, a joint venture between R-R and Hong Kong Aircraft Engineering, is the only ...
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IAE lands massive Latin Airbus deal
Karen Walker/SINGAPORE International Aero Engines is believed to have secured a $1 billion deal from Latin America with the selection by LanChile, TACA and TAM of V2500-A5 engines to power the long awaited order for up to 200 Airbus A320 family aircraft. Rival CFM International responded by announcing it ...
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Business Express leads 30-seater orders
Business Express has become the first US regional carrier to declare its hand for a 30-seat regional jet, signing an order for 20 Embraer RJ-135s, and 40 options, in a total package worth around $810 million. The first aircraft are scheduled for delivery in October 1999 and will follow ...
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Peseta outpour
Iberia has placed the largest ever single European order for Airbus aircraft, with 50 firm orders and 26 options, comprising nine A319s, 36 A320s and 31 A321s. Source: Airline Business
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Suppliers
China Airlines has started an IBM-based online booking system for internet reservations. IBM Global Services Australia is taking over the management and control of Cathay Pacific's data centrein Sydney. Unisys has supplied Cathay Pacific with the electronic ticketing system Unisys Aircare. Servisair has won a contract to provide ...
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Aircraft News
Southwest Airlines has ordered 59 Boeing 737-700s. Air China has signed a purchase agreement for five B737-800s, as part of its 50-aircraft order, signed last year. European Regions Airlines has ordered two Embraer RJ-145s plus three options, with deliveries starting in December 1998. Egyptair has ordered two Airbus ...
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Sharp exit out of Asia
The Asian crisis is forcing Qantas and Air New Zealand to shift capacity out of Asia and into a face-off closer to home. Both airlines withdrew from Korea in January; Qantas has now announced cutbacks to Indonesia, Thailand, and Malaysia. Air New Zealand retreated from these markets last year. ...
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Asia chops its policies
Fleets, financing and fares are all under review as airlines in the most troubled parts of Asia look for ways to weather the financial turbulence. Boeing predicts that Asian customers could delay up to 60 aircraft deliveries over the next three years. Asian airlines have placed firm orders for ...
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1997 at a glance
January Boeing and McDonnell Douglas announce plans for a $13.3 billion merger. Norwegian travel agents threaten to sue SAS over plans to reduce commissions. Delta Air Lines winds down its Frankfurt hub, ending its intra-European services. Swissair, Austrian, Sabena and Delta establish a revenue pool on the North Atlantic. A ...
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Dutch courage pays off
KLM is now in the major league of global alliances. But the carrier still needs to select an Asian partner while noise restrictions at its hub threaten its development. Leo van Wijk, president and chief executive officer, talks to Lois Jones about the challenges facing KLM.At 10.30 am precisely ...
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The smart airlines take credit cards
Three US airlines have formed partnerships with American Express and Bank of Hawaii to expand their use of electronic systems, streamline their operations and broaden distribution. Pioneering in these efforts is travel industry giant American Express, which has partnered both American Airlines and Continental Airlines. Since late 1996, American has ...
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Oriental calm dawns in US
At long last, Tokyo and Washington have settled their aeropolitical differences with a substantive open skies agreement that extends well beyond a 'mini-deal'. But Europeans are fuming at the deal's valuable concessions to the US. The new US-Japan open skies deal penned in February 1998 has helped right the ...
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Singapore Aircraft Leasing Enterprise (SALE)
Singapore Aircraft Leasing Enterprise (SALE) is to consider a Singapore and New York Stock Exchange listing in 2000 as a capital-raising exercise to help boost its portfolio. Managing director John Willingham says SALE has no definitive plans to list at the moment, although owners Singapore Airlines (SIA), Boullioun Aviation Services ...
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Embraer scoops an $810million order from Business Express
Embraer earned its place as the show's most successful exhibitor in new contract terms yesterday when it revealed an $810-million order from US regional carrier Business Express. This takes the value of Embraer's show announcements to more than $1.3 billion. Over glasses of champagne, Mauricio Botelho, Embraer president ...