Fleets – Page 949
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News
Cathay acts as profits continue to plunge
Paul Lewis/SINGAPORE Cathay Pacific Airways is implementing a range of measures to boost revenue and cut costs as traffic figures and projected end-of-year profits for the Hong Kong carrier continue to plummet. Its latest traffic figures show no sign of a turn-around, with a further 9.8% ...
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Delta takes a stake in French carrier and boosts 777 orders
Delta Air Lines is to take a 34% stake in French regional carrier Proteus Airlines, gaining it a foothold in the increasingly active French regional-airline market. This is the first time that a US major has taken a share of a French airline, and follows the recent codesharing ...
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Jet Airways begins 737 fleet expansion
Jet Airways has introduced the first of four new Boeing 737-400s which it ordered in late 1996 as part of a major $375 million contract for ten aircraft, including Next Generation 737s. The Mumbai-based airline also leases 15 737s, including four 737-300s, ten -400s and one -500. Lessors ...
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SAA to finalise Boeing 777 order by year-end
South African Airways (SAA) is expected to finalise its fleet-renewal plans by the end of November, and the long-awaited announcement of the engine selection for its Boeing 777s could follow by mid-December. A task force set up to study the airline's strategy for its fleet restructuring is, according ...
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Crossair negotiates for Saab 2000s
Crossair is in the final stages of negotiations to acquire six Saab 2000 turboprops from Saab Aircraft. The Swiss airline is the biggest operator of the 50-seat high-speed turboprop, with 25 in service, and is also looking at options for a further two aircraft. Saab Aircraft president Gert ...
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Unions withdraw opposition to Airbus A319 order at Sabena
An offer by Swissair to contract maintenance to Sabena Technics, should the Belgian airline order Airbus narrowbodies rather than Boeing 737-700s, seems to have dampened unions' opposition to a decision in favour of the European consortium. A presentation of the Airbus A319 was made to Sabena and union ...
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Saudis negotiate loans to clear Boeing delivery jam
Guy Norris/LOS ANGELES Saudi Arabian Airlines is negotiating a Government-guaranteed loan of $4.33 billion to remove the financial problems which have delayed delivery of an initial batch of aircraft in an order for 61 Boeings, the first of which was ready in August. The $7.5 billion ...
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Mesa Air orders more Canadair
The Mesa Air Group has ordered another 16 Bombardier Canadair Regional Jets (CRJ) after signing a new marketing deal which will allow the regional carrier to operate the 50-seat aircraft as part of its US Airways Express operations. The latest $350 million deal follows Mesa's order for 16 ...
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Ambitious SALE adds two new partners
Following an injection of new capital, Singapore Aircraft Leasing Enterprise (SALE) claims that it is on course to take its place among the world's three largest leasors by the year 2000, building a portfolio of 100 aircraft with its US joint owner, Boullioun Aviation Services. The claim follows ...
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Schwarzenegger muscles in on SIA aircraft-sale plans-
Paul Lewis/SINGAPORE US film star Arnold Schwarzenegger has invested in the sale and leaseback of a Singapore Airlines (SIA) Boeing 747-400, worth $130 million, in what is being seen as part of a wider move by the carrier to lessen its exposure on aircraft ownership. SIA ...
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Ride the tiger
In the words of Douglas Adams' Hitch-hikers' Guide to the Galaxy, "Don't panic!" - well, not yet, anyway. Similarly, however, don't relax. The recent turmoil in Asian stock and currency markets is going to have a profound effect on the air-transport business and its suppliers. Those forecasters, whose confident predictions ...
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FedEx opens talks in hunt for Fokker F27 successor
Ramon Lopez/WASHINGTON DC FedEx is talking to Saab Aircraft, Israel Aircraft Industries (IAI) and Ayres about developing a turboprop-powered, all-cargo aircraft to replace its fleet of 36 Fokker F27 freighters, says chairman Frederick Smith. IAI and FedEx are known to be discussing the development of a ...
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UK helps R-R pay for new
The UK government is to provide Rolls-Royce with £200 million ($330 million) of funding over four years to enable the UK manufacturer to launch three variants of its Trent turbofan. R-R says that the Government will receive a commercial return which is based on sales of the three engine derivatives. ...
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Swissair and Lufthansa pick new A340 models
Andrzej Jeziorski/MUNICH Max Kingsley-Jones/LONDON Airbus Industrie is set to secure more key launch orders from European airlines for its new A340-500/600 following decisions by Swissair and Lufthansa to select the new models to replace their 747 "Classics". Firm orders are expected to be signed with Airbus ...
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Far Eastern confirms 757/MD-83 orders
Taiwan's Far Eastern Air Transport has formally confirmed plans to purchase up to 10 Boeing 757-200s and two Boeing MD-83s. The Taipei-based airline says in a statement issued through Boeing that the aircraft will be used on new international services including those to China once a ban on direct ...
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Despite big orders, Airbus says China share still small
Airbus Industrie expects to deliver about 20 aircraft per year to China in the coming years, averaging about 10% of total global deliveries. Airbus China president Rolf Rue says the manufacturer will have delivered 19 aircraft to China by the end of the year, out of total global deliveries ...
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UK Government to blame for Airbus delay
The delay on the full launch of the Airbus A340-500/600 programme is not because of a shortage of orders, but because of the British government. The news came as Egyptair yesterday signed up for two A340-600s and took options on two more, with more orders from other carriers ...
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Venezuelan order is welcome boost for IPTN
Hugh McAtear Indonesian aircraft manufacturer IPTN has received a welcome boost with news of a Memorandum of Understanding (MoU) from Venezuelan regional carrier Air Venezuela to acquire up to eight N250s, an aircraft described by the airline's chairman as perfect for its requirements. Should Air Venezuela firm up ...
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Saab pledges not to let customers down
Mike Martin Whatever becomes of Saab Aircraft, existing and future customers will continue to get full support from the company, says sales director Dag Waldenstrom. With a substantial part of the Saab 340 fleet owned by the company, "Éit is in our interests to keep the fleet ...
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Tyrolean to take Lauda's regional jets
Austrian regional carrier Tyrolean Airways is to take over Lauda Air's seven-aircraft Bombardier Canadair Regional Jet (CRJ) fleet. Discussions are under way over the timetable for the takeover, says Tyrolean president and CEO Fritz Fietl, but the agreement in principle is in place. Tyrolean may take over the ...