Fleets – Page 973
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News
Malaysia is first to opt for 777-200X
Malaysia Airlines (MAS) has become the first airline to announce its intent to purchase the ultra-long-range Boeing 777-200X, just nine days after the Boeing board of directors authorised the company to begin offering the big twin and its stretched counterpart, the -300X. MAS signed a memorandum of understanding ...
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Fuel charges and dollar rate push Korean Air into the red
Korean Air (KAL) dived into the red in 1996 because of rising fuel charges and the impact of a strong US dollar on its debt burden. Despite the losses, the airline is pressing ahead with plans for a further fleet expansion. The South Korean flag carrier ended the ...
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Alitalia gets by without Fokkers
Sir - I refer to the article "Alitalia pulls plug on Fokker 70s" (Flight International, 12-18 February, P18). The original order which was placed by Alitalia for Fokker 70s has fallen through because of the well-known bankruptcy of the manufacturer. Fokker was able to deliver only five regional ...
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Irish lease company orders 12 new 737s
Irish lease-management company Pembroke Capital, of Dublin, has ordered 12 Boeing 737s valued at $504 million. The company, which was formed in November 1993 by ex-GPA employees, will take delivery of four 737-300s and eight -800s between June 1998 and April 1999. Pre-delivery financing for the order will ...
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TNT looks at large freighters
TNT Express Worldwide is aiming to introduce its first large freighter aircraft in 1998, if a strategic analysis of the market which it is now undertaking concludes that such a move is required. The express-parcel company, acquired by Dutch postal company KPN late in 1995, is timing the ...
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SAA prepares for privatisation with management restructure
South African Airways (SAA) is undergoing a management restructuring, as part of its move towards privatisation. Talks have been under way for several weeks between SAA, its parent company, Transnet, and the trade unions, which are understood to have produced broad agreement on the main issues involved. "The ...
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Puel revamps Aerospatiale's loss-making maintenance arm
Henri-Paul Puel, the new president of Sogerma has set about a major re-organisation of the loss-making maintenance arm of Aerospatiale, partly blaming poor recent performance on a series of misjudged deals struck before his arrival. The action follows a disappointing year for Sogerma, which saw its net losses ...
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ValuJet struggles to fly back into profits
VALUJET REPORTS a net loss of nearly $21 million for the fourth quarter of 1996, its first since restarting operations after the three months' grounding which was imposed in the wake of the Florida crash. The airline warns that there will be more red ink to come in the first ...
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Transaero chooses Boeing and Ilyushin
Transaero's fleet plans over the next ten to 15 years will centre on acquiring a mix of Western and Russian types, including the Boeing 767, next-generation Boeing 737 (-600/ 700/800), and Ilyushin Il-96M, the carrier has announced. The Moscow-based airline expects to introduce the first of the new aircraft "within ...
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Flying Colours paints long-haul fleet plans
Flying Colours Airlines is planning to increase its narrowbody fleet to eight Boeing 757-200s within three years, and has begun evaluating the Airbus A330-200 and Boeing 777 for its long-haul expansion plans, according to chairman Errol Cossey. The new UK charter carrier took delivery of its first aircraft, ...
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-as board approves 777-200X/300X specifications
Boeing has received board approval to firm up the specifications of its proposed 777-200X/300X growth derivatives and offer them to airlines, as the company gears up towards a possible launch of the new models at the Paris air show in June. Boeing claims that the -200Xwill be the ...
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Airbus sets up an Asian subsidiary for AE-100
Airbus Industrie has established a new subsidiary company, Airbus Industrie Asia (AIA), headed by former Alenia executive Carlo Scaglia, to partner China and Singapore in the development of the planned new A318/AE-100 narrowbody passenger aircraft. AIA has been legally registered in France as a Société bar Actions Simplifiée. ...
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Monarch chooses the A330 for long-haul charter work
Monarch Airlines has become the first UK airline to order the Airbus Industrie A330, having concluded a preliminary agreement with the consortium for up to four long range -200s, including two options. The airline, which has selected Rolls-Royce Trent 700 engines, will take delivery of the two firmly ...
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Ireland plans expansion with ATP
Ireland Airways is close to finalising a lease deal with Aero International (Regional) (AI(R)) for three new British Aerospace ATP aircraft to enable it to expand its Irish domestic services. The airline, a spin-off of Dublin-based freight carrier EI Air Exports, began scheduled services in 1996, when it ...
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Aircraft news
Emirates has ordered 16 Airbus A330-200s, with options on a further seven, with deliveries of the Trent 700-powered aircraft starting in 1999. Dragonair has ordered one A330-300, scheduled for delivery in late 1998. Croatia Airlines has ordered six A319s, with deliveries commencing in early 1998. ...
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El Al tackles weekend trip
The Israeli government is coming under fierce pressure to lift the ban on flag carrier El Al's operations on the Sabbath. The limitation of a six-day operation is blamed for $50 million of the airline's $120 million loss in 1996 and contributed to last year's shelving of its planned privatisation. ...
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Indian policy is a let down
India's revised civil aviation policy has led to charges of protectionism after it failed to set an investment limit for foreign airlines and airports in Indian carriers. The strategy is being viewed as another setback for Singapore Airlines' planned joint venture with Tata Industries, which remains on hold in the ...
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Competition rules, ok?
The buy/sell slot rules in the US are premised on the simple proposition that the market is better at determining the efficient use of a scarce resource than is an administrative or bureaucratic entity. Competition rules, however, are a different matter and properly the province of governments. To ...
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Growth at a premium
When Salomon Brothers Hong Kong released a report on Malaysia Airlines in late December, it left little doubt that the airline was no gilt-edged investment opportunity. Recommending a 'hold' on the carrier's shares, which put in a weak performance during the carrier's latest financial year, the report's title says it ...
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Latin five set to liberalise
South America's five Mercosur nations are taking a significant if limited step towards open skies in the southern cone. The presidents of Argentina, Brazil, Chile, Paraguay, and Uruguay have inked an accord that would give airlines from those countries the right to launch third and fourth freedom services ...