News from FlightGlobal – Page 1136
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Business: Good week - Bad week
TIGER AIRWAYS An initial public offering heavily oversubscribed at home in Singapore and internationally raised S$248 million ($178 million).
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LOT recommits to 787s from 2012
Polish flag-carrier LOT has reaffirmed its commitment to taking its eight Boeing 787s, after agreeing to introduce the first in 2012, four years behind schedule
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TPG takes stake in Brazil’s Azul
An investment arm of Texas Pacific Group (TPG) has taken a stake in Brazilian carrier Azul chaired by JetBlue founder David Neeleman.
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Air Canada unions designate former Saskatchewan Premier as board member
Air Canada's Council of Unions has selected the former Premier of Saskatchewan Roy Romanow as its representative on the airline's board of directors.
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Ethiopian Airlines to purchase 10 737-800s
Ethiopian Airlines is to acquire 10 Boeing 737-800s with deliveries scheduled to begin in November 2011. The airline identified the type as a likely...
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Lufthansa ready for A380 training at Frankfurt centre
Germany's Lufthansa Flight Training has installed an Airbus A380 simulator at its Frankfurt centre, giving carriers the chance to train third-party pilots...
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Four decades of the Jumbo Jet - Boeing 747 first service 40th anniversary
The Jumbo Jet era began 40 years ago this week, when Pan Am put its first Boeing 747-100 into service on 22 January 1970 between New York and London.
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China's ARJ21 programme likely to experience further delay
China's ARJ21 regional jet is unlikely to receive Chinese certification this year as planned, but it has made progress in getting international certification.
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KAL posts massive increase in Q4 profit
Korean Air (KAL) posted a 581% growth in profit for its fourth fiscal quarter, driven by a surge in cargo and a recovery in international passenger traffic.
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Asian airlines to report significant losses in 2009
The Association of Asia Pacific Airlines (AAPA) warns that carriers in the region will report losses in 2009 similar to 2008's losses, but it adds the market...
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SpiceJet posts Q3 profit of 1.1bn rupees
India's SpiceJet has returned to the black in its third fiscal quarter, posting its highest ever profits as domestic passenger traffic recovers.
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SIA Engineering and Gulf Technics to set up MRO base
SIA Engineering subsidiary SIAEC Global has signed a memorandum of understanding with Bahrain's Gulf Technics to set up a maintenance, repair and overhaul...
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Shanghai Airlines to delist from stock exchange
Shanghai Airlines will be delisted from the Shanghai stock exchange from 25 January, as it completes its merger with China Eastern Airlines.
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Aircell completes $176 million private financing deal
Airborne communications provider Aircell on 21 January closed a private placement of equity securities totalling $176 million.
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Caribbean and Liat discuss deepening their relationship
Liat management and majority shareholders have opened discussions with executives at Caribbean Airlines about the need for closer cooperation between the...
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Aero Republica to complete fleet renewal this month
Colombia's Aero Republica plans to complete the renewal of its fleet later this month as its last Boeing MD-80 is retired and two additional Embraer E-190s...
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CSeries will hold strong advantage over re-engined rivals: Bombardier
Bombardier admits that re-engined A320 could halve CSeries's advantage, but is confident in appeal of its all-new design
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Boeing begins final gauntlet tests on 747-8F
Final Gauntlet tests are currently underway on the first Boeing 747-8F, marking another step forward toward the aircraft's maiden sortie, the airframer confirms.