Fleets – Page 917
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News
Airbus forecasts lower sales for 1999 as demand dwindles
Julian Moxon/PARIS Airbus Industrie expects to achieve "significantly lower" sales during 1999, following its record breaking year of orders and deliveries, but insists it will continue the near-50% market share achieved in 1998 in all areas where it competes with Boeing. Commercial vice-president John Leahy declines to predict the ...
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CIT Group gears up to place large Airbus/Boeing orders
Paul Lewis/WASHINGTON DC The CIT Group is set to announce an order for up to 50 Airbus and Boeing narrowbody and widebody aircraft, representing the US financing and leasing company's first major purchase of new passenger jets. CIT's planned order is understood to include 25 Airbus A320s and ...
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PAL talks to resume as President steps in
Andrzej Jeziorski/SINGAPORE Philippine Airlines' (PAL) creditors have agreed to resume talks to rework the airline's rehabilitation plan, after overwhelmingly rejecting it in their initial analysis, according to the Philippine Securities and Exchange Commission (SEC). The announcement follows Philippine President Joseph Estrada signing an executive order making the SEC ...
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Swisscargo drops spin-off proposal
Swissair's cargo division, Swisscargo, has ditched proposals to spin off its own freight airline and will instead expand its existing strategy of wet-lease and block space agreements. The tentative plan to set up the cargo airline was studied in 1997, when an initial three of five Boeing 747-300 passenger ...
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Thriving business
Andrew Doyle/TEL AVIV In an era when airline bosses preach the merits of focusing on "core activities", Arkia Israeli Airlines has learned to thrive through diversification. As Israel's largest domestic carrier, Arkia built its international charter unit into a major leisure travel business, selling everything from hotel rooms ...
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Management actions
Graham Warwick/WASHINGTON DC Flight management systems (FMS) are no longer luxury items found only on large airliners, but essential equipment on commercial aircraft of all sizes and ages. The reason is the navigation accuracy now possible and the cost benefits available to airlines in the form of fuel and ...
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SAS opts for A330/A340s but order awaits cost cuts to bite
Andrew Doyle/MUNICH SAS has selected the Airbus A330/A340 family for its planned long-haul fleet renewal but is holding off signing a firm order until its internal cost cutting targets have been met. The airline has decided to reject Boeing's offer of 10 Boeing 777-200ERs in favour of a ...
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Pop goes the boom
Max Kingsley-Jones/LONDON On the face of it, the Airbus and Boeing orderbooks have so far escaped much of the Asian gloom, with a third successive year of solid sales and production records. Order deferrals, however, have already begun, and airliner salesmen are bracing themselves for a tougher time ahead ...
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Ansett to replace 747-300s with -400s
Paul Phelan/CAIRNS The board of Ansett International has endorsed a plan to acquire two Boeing 747-400s as interim replacements for two 747-300s it leases from partner Singapore Airlines (SIA). The decision removes any near term plans to acquire smaller twinjets. The airline operates the 747-300s between Australia and ...
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ATR team sets tight deadline for regional jet project talks
Andrew Doyle/TEL AVIV ATR partners Aerospatiale and Alenia are trying to wrap up, by the end of March, a deal with either Fairchild Dornier or Embraer for the joint development of a family of regional jets. Talks with Fairchild Dornier, which began last month, are to continue through ...
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Lauda Air bolsters fleet with Next Generation 737s, additional 767
Lauda Air has ordered a further six Boeing Next Generation 737s and an additional 767-300ER in a $519 million deal with the US manufacturer. The carrier, part of the Austrian Airlines group, will take delivery of the 767 in August. Two 737-600s and four 737-700s will be handed over ...
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Marketplace (1)
-UK remarketing agent Cabot Aviation has purchased Thai Airways International's two eight-year-old ATR 42-320s, which are now being offered for onward sale or lease. -Swedish lessor Indigo Aviation has acquired two Boeing 737-400s which are currently leased to Istanbul Airlines and Italy's Blue Panorama. The aircraft are leased until 2003. ...
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Marketplace (2)
-Hawaiian Airlines has purchased two McDonnell Douglas DC-9-50s from the Italian airline Meridiana, for delivery in February. The airline already operates 13 DC-9-51s on its inter-island route network, and is exempt to the US Stage 2 phase-out noise legislation that takes full effect at the end of 1999, because Hawaii ...
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Profits boost prompts PIA to decide on fleet replacements
Paul Lewis/KARACHI Pakistan International Airlines (PIA) says that it is ready to decide on the long-awaited replacement aircraft for its Boeing 747-200s. It has been spurred on by an end of year boost in profits and the need to combat increased competition after the government opened up access by foreign ...
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Boeing loses ground to Airbus in backing of firm orders
Boeing again sold more aircraft than Airbus Industrie in 1998, but its high delivery rate, combined with cancellations, saw it lose ground to its European rival in terms of firm order backlog. Provisional figures from Airbus suggest its share of the total backlog in the 100-seat plus sector grew ...
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Fresh delay threatens A3XX
Julian Moxon/PARIS The Airbus Industrie A3XX is facing further delay as potential customer airlines, confronted by increasingly tough market conditions, retreat from committing to the aircraft in time to support an already delayed late 1999 launch deadline. While the airlines consider their options on timing, the European consortium is believed ...
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747 cut forces Northrop Grumman to take pre-tax charge
Northrop Grumman is taking a pre-tax charge of $125 million in the fourth quarter of 1998, mainly because of a reduction in deliveries of fuselages for the Boeing 747-400 programme. A $20 million charge was also taken to cover a cost estimate increase on the Directional Infrared Countermeasures (DIRCM) programme. ...
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SAA/Air Namibia shake hands on long-term commercial alliance
South African Airways (SAA) and Air Namibia have agreed on a long term comprehensive commercial alliance which will include regional feeder carriers South African Express, South African Airlink and Kalahari Express Airline. A memorandum of understanding has been signed by SAA chief executive Coleman Andrews and Air Namibia's acting ...
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Orbital Sciences breaks record with $2.5 billion orderbook
Orbital Sciences (OSC) is claiming a record $2.5 billion-worth of new orders in 1998 for space and ground infrastructure systems product lines. Just over half the contracts were for Pegasus, Taurus and suborbital rocket launches and $475 million for sensors, electronics and satellite ground systems. The latest figures bring ...
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Boullioun purchase
Deutsche Bank's $120 million purchase of US commercial aircraft leasing firm Boullioun Aviation Services from Japan's Sumitomo Trust and Banking has been finalised. The Bellevue, Washington-based company has a one-third stake in Singapore Aircraft Leasing Enterprise. Boullioun Aviation Services and Singapore Aircraft Leasing own 46 aircraft worth $1.6 billion. The ...