Networks – Page 1198
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EC closes issue of Air France state aid despite court decision
The European Commission (EC) has effectively laid to rest the issue over its four-year-old Air France state aid package, brushing off legal questions raised by last month's decision in the European courts. Air France should now be free to press ahead with its planned share flotation. The European Court ...
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US low-cost airlines recover...
Kevin O'Toole/LONDON Further evidence has emerged of an upturn in fortunes for the beleagured US low-cost carriers, with a round of profits for the second quarter. Vanguard Airlines has posted its first-ever profits and Kiwi International Airlines is optimistic that it will return to the black this year. ...
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Domestic boom keeps majors' profits rolling
The major US carriers turned in another healthy set of profits for the second quarter, but as the mid-year results rolled in, Wall Street was already getting jittery over the likely timing of a downturn. The headline results were again based on the strength of the domestic economy, where ...
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Sunshine jetset resets
Max Kingsley-Jones/LONDON While the sun is shining on Europe's holiday makers this summer, the tour operators have been hard at work on an industry-wide consolidation. The events of the last year or two have begun to reshape the major travel markets of Germany and the UK. The transformation has ...
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Production problems hit Boeing first half profits
Guy Norris/LOS ANGELES Boeing has doubled the projected number of Next Generation 737s it will have to build to reach break even on the programme as the legacy of production problems continues to dog its financial performance. The USgiant admits that it is now likely to have to ...
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Star Alliance aims to build on Asia-Pacific links
The global Star Alliance is moving to consolidate its presence in the Asia-Pacific region, with some small but critical bilateral co-operation agreements and approvals either being finalised or close to be being concluded. Founding Star partner Lufthansa has announced a code-sharing agreement with Air New Zealand (ANZ) on routes ...
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BAe training will move to Spain
British Aerospace is to move its entire UK pilot training operation to south-west Spain. The relocation is expected to be announced by the company around the end of this month. The Prestwick International Airport-based British Aerospace Flight Training (UK) operation is to be relocated to Jerez. Industry sources are ...
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TrunkLiner programme is scrapped
Paul Lewis/SINGAPORE China has scrapped the Boeing MD-90-30 TrunkLiner programme less than a month after the collapse of AE-3IX co-development negotiations with Airbus Industrie Asia, delivering a double blow to the country's once bold aerospace ambitions. Aviation Industries of China (AVIC) has instructed Boeing's Long Beach plant to ...
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US Airways plans fleet overhaul
US Airways is planning to update and expand its Shuttle fleet with Boeing 737-300s, but it claims that this will require its pilots to agree to a modified employment contract The division, which operates a fleet of 12 Boeing 727-200s on services between Boston, New York and Washington DC, ...
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ERJ-135 arrives in USA for flight tests
Embraer has flown its ERJ-135 (foreground) regional jet prototype to Moses Lake, Washington, for a series of test flights, due to end in early August. The aircraft, a shortened ERJ-145 prototype, made its maiden flight on 4 July and has quickly built up hours with a series of tests. ...
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Airbus holds talks with China to develop A310 replacement
Paul Lewis/SINGAPORE Airbus Industrie Asia (AIA) has tabled a series of possible substitute collaborative proposals to the defunct AE31X, including working with Aviation Industries of China (AVIC) on a new widebody aircraft to follow on from the Airbus A300/A310. The study project - dubbed the P305 - being ...
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AirTran Airlines leaps back into profit
AirTran Airlines has turned in its first quarterly profit since the Florida crash two years ago which forced the carrier, then called ValuJet, to suspend services for several months. The new group, which emerged last year from the merger of AirTran Airways and ValuJet, is forecasting a "solidly profitable" ...
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All Nippon Airways'debt downgraded
Lead US rating agency Moody's has downgraded All Nippon Airways' long-term debt below its traditional investment grade, raising concerns over growing competition in deregulated Japanese markets and recession in the domestic economy. The warning comes after another round of losses among the major Japanese carriers was confirmed by the ...
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Augsburg considers flotation to maintain expansion rate
Andrzej Jeziorski/MUNICH Augsburg Airways is considering a public flotation to keep its expansion rolling, although the German regional carrier says that such a move is at least three years away. Augsburg has financed its fleet growth, now planned at two aircraft a year, through private debt placement, but concedes that ...
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BA reviews low-cost, long-haul plans after Flying Colours sale
Kevin O'Toole/LONDON British Airways appears to have scaled back plans for its low-cost, long-haul franchise partner Airline Management (AML). The rethink follows a change of ownership for Flying Colours, the charter carrier which has been providing AML with cabin crew and management. AML was set up a year ...
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Comair becomes first South African carrier to float
Hilka Birns/CAPE TOWN Comair, South Africa's largest domestic airline group and a British Airways franchise partner, becomes the first of the country's carriers to move to a flotation with a listing on the Johannesburg stock exchange planned this week. The flotation, which values the company at some R1 billion ...
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Delta III waits on launch pad for maiden flight
Boeing's first Delta III is pictured on Pad 17B at Cape Canaveral, Florida, being prepared for its maiden flight scheduled for 3 August, carrying the Hughes HS-601 Galaxy 10 communications satellite. The Delta III, which can place 3,810kg into geostationary transfer orbit, comprises a stretched Delta II first stage ...
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Further delays hit PW4098-powered 777-300
The long-delayed flight tests of the Pratt & Whitney PW4098-powered Boeing 777-300 are not expected to resume until at least the end of this month following an incident at SeaTac International Airport, near Seattle, in which a new engine slipped in its handling cradle. P&W says that the PW4098, ...
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GPS takes over US non-precision flying
Operators at US provincial airports and airfields will soon be able to use satellite navigation equipment to carry out non-precision approaches for which distance measuring equipment (DME) and automatic direction finders (ADF) are now used. The Federal Aviation Administration has given notice that it will approve the new procedure ...
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Guizhou to expand as China Southern takes control
Guizhou Airlines is preparing for a major expansion of its aircraft fleet and domestic network following an agree- ment for China Southern Airlines to acquire a controlling interest in the Chinese provincial carrier. The Guiyang-based airline has received the first of three Boeing 737-300s on a seven-year dry lease ...