News from FlightGlobal – Page 2206
-
News
Creditors oppose Philippine Airlines rescue plan
Andrzej Jeziorski/SINGAPORE Philippine Airlines' (PAL) critical rehabilitation plan, aimed at saving the troubled carrier from collapse, is meeting with opposition from its unsecured creditors. The plan must be approved by the Philippine Securities and Exchange Commission (SEC) by 15 April, but Chase Manhattan International Finance has urged the body ...
-
News
Boeing pledges to enforce get tough policy on loss-makers
Peter La Franchi/SYDNEY Chris Jasper/LONDON Boeing chief executive Phil Condit has warned that 'value-destroying' programmes identified as lost causes will either be "shut down" or sold off. Confirming Boeing's commitment to a zero-tolerance approach to loss-making operations, introduced by new chief financial officer (CFO) Debby Hopkins, Condit says ...
-
News
Japanese domestic price war intensifies
The price war gripping the Japanese domestic market is poised to turn more vicious with the launch of new routes operated by start-up carrier Skymark Airlines. Japan Airlines (JAL) and All Nippon Airways (ANA) have announced fresh price cuts ahead of the commencement of Skymark services from Osaka to ...
-
News
ANA Austrian stake
Austrian investors Bank Austria and SKWB Schoellerbank have acquired the 9% stake in Austrian Airlines previously held by All Nippon Airways (ANA), taking their stakes to ASch160 million ($12.5 million) and ASch74 million, respectively. Following the deal, the pair now have a 21.2% share in the flag carrier, with Austrian ...
-
News
Airtruck threatened by order drought
Israel Aircraft Industries (IAI) is struggling to launch its planned Airtruck cargo turboprop project, having failed to secure any firm orders for the aircraft. IAI developed the Airtruck to a FedEx requirement for a new turboprop cargo aircraft to replace its Fokker F27 turboprop freighters (Flight International, 20-27 August, ...
-
News
Eurocontrol to present Mode S business case
Eurocontrol will present the business case for Mode S enhanced surveillance to airlines at a workshop later this month. European Mode S requirements call for the carriage and operation of Mode S transponders for new aircraft from January 2001, with all aircraft to be equipped by 2005. Europe ...
-
News
Protests swell over 'too high' Hong Kong Airport landing fees
Andrzej Jeziorski/SINGAPORE British Airways and DHL have added their voices to a rising chorus of disapproval over landing charges at the new Hong Kong International Airport at Chek Lap Kok. According to Hong Kong-based Cathay Pacific Airways, the 60-plus airlines which operate into Chek Lap Kok are lobbying ...
-
News
France copes with greatest air traffic levels as delays creep up
Average flight delays in France increased by a minute, to 16.1min, last year, as the country experienced the biggest jump in air traffic for 10 years, according to its civil aviation authority, the DGAC. Compared with 9.4% a year earlier, 10.1% of flights were delayed during the year by more ...
-
News
BWA is to begin fleet renewal with 737-300 operating lease
Max Kingsley-Jones/LONDONBritish World Airlines expects to begin replacing its BAC One-Elevens later this year, as it moves to standardise on a two-type fleet of Boeing 737-300s and British Aerospace ATPs (above). The UK independent airline plans to introduce its first 737-300, a second-hand aircraft on operating lease, by the middle ...
-
News
Sting in the tail
After years of economic woes, at least one of Brazil's airlines could disappear by the end of the year. For the survivors, however, long term prospects look brighter Brian Homewood/RIO DE JANEIROBrazilian airlines have survived major financial troubles over the past 15 years, but officials and analysts fear that ...
-
News
Trainers' market
Demand for training is fuelling growth among independent simulator centres Graham Warwick/WASHINGTON DC Training is a competency close to the core of most airlines, an expensive necessity that is not willingly outsourced. But increasingly the tools of pilot training - commercial flight simulators - are becoming commodities to which ...
-
News
Airbus offers model mix to El Al
Arie Egozi/TEL AVIV Airbus is offering El Al up to 10 A330/A340s as the Israeli national carrier finalises its long-haul fleet renewal plans. A Boeing offer of various widebody twinjets is also being studied, and the airline expects to finalise its selection within the next two months. The Airbus ...
-
News
Embraer revels in record year
Paul Lewis/WASHINGTON DC Brazilian regional aircraft manufacturer Embraer says 1998 was the most successful year in its history, after a record net profit of $103 million for the 12 months, compared with a loss of $29.6 million in 1997. Embraer says the improvement stemmed from a 75% increase in ...
-
News
Air Foyle consortium takes controlling stake in CityJet
Chris Jasper/LONDON A consortium led by UK cargo carrier Air Foyle has purchased a controlling stake in Irish independent airline CityJet for a sum in excess of Ir£5 million ($6.8 million). Sources close to the deal say that it should stabilise Dublin-based CityJet and allow it develop its ...
-
News
Air Namibia to slash workforce
Air Namibia plans to lay off between 100 and 150 employees - up to 30% of its workforce - by the end of this month as part of a restructuring plan that will cost up to N$10 million ($1.6 million), but which should ultimately reverse the downward trend in its ...
-
News
BA to Tripoli
British Airways is planning to launch a three times weekly service between London and Tripoli following the lifting of a United Nations ban on flights to Libya imposed after the Lockerbie bombing. Terrorist suspects have now been handed over, and BA will begin flights this month subject to government approval. ...
-
News
Air Macau in red
Air Macau has plunged into the red, taking a 75.7 million pataca ($9.5 million) loss for 1998 after profits of 79 million patacas over the previous 12 months. The loss comes despite a reported 14% increase in passenger traffic and a 42% rise in cargo turnover during the year. Air ...
-
News
Sole A340-8000 may be put up for sale
The one and only Airbus Industrie A340-8000, completed in the middle of last year, faces an uncertain future because of the financial crisis surrounding controversial Brunei Prince Jefri, who placed the launch order. The four-engined jet, an ultra-long-range derivative of the A340-200, has been parked at Berlin's Schönefeld Airfield ...
-
News
Ansett Australia ponders fleet rationalisation
Paul Phelan/CAIRNS Ansett Australia is aiming to define its fleet development plan by the end of this year. It will decide on a new widebody type to serve domestic trunk and Asian routes and on the rationalisation of the carrier's domestic narrowbody fleet. Executive chairman Rod Eddington says: ...
-
News
Irish commuter carrier takes 146s
Aer Lingus Commuter's British Aerospace 146 fleet has been expanded to eight with the delivery of an ex-Thai International -300 leased from BAe Asset Management. The regional division of Aer Lingus operates two 146-200s and six -300s, alongside six Fokker 50 turboprops, with lease commitments extending to 2007. Source: Flight ...