News from FlightGlobal – Page 2237
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News
LTU starts fleet update with A320s
Andrew Doyle/MUNICHGerman charter carrier LTU International Airways is acquiring 12 Airbus A320s in the first stage of a fleet restructuring that will lead to the selection of a new widebody type to replace its Boeing 767-300ERs. The company, 49.9%-owned by the SAirGroup, is also considering concluding a sale and leaseback ...
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Boeing looks at 757 slowdown
Guy Norris/LOS ANGELES Falling order backlogs are forcing Boeing to study a production slowdown of the 757 earlier than expected next year. Boeing plans to deliver 53 757s next year, and has been preparing to cut the rate from the present five per month to around 4.5. But now ...
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Long-range workout
How has the latest long-range A330 performed since its entry into service? Andrew Doyle/ZURICH Max Kingsley-Jones/LUTON Paul Lewis/WASHINGTON DC In its latest market forecast, Airbus Industrie predicts that 210/250-seaters like the A330-200 will make up one-fifth of the 14,800 new aircraft to be delivered over the next 20 years. The ...
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KAL boss arrested on tax evasion charges
Andrzej Jeziorski/SINGAPORE South Korean police have arrested Korean Air (KAL) chairman Cho Yang-Ho on charges of tax evasion and embezzlement. Cho was arrested on 11 November. Prosecutors have reportedly charged him with evading 62.9 billion won ($54 million)of taxes and embezzling billions of won in company funds. ...
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Air Canada prepares new takeover bid
Air Canada is set to make a formal offer for Canadian Airlines, after a Quebec judge declared the rival Onex bid to buy Air Canada violated federal law prohibiting any shareholder from owning more than 10%. The failure of Toronto-based Onex to acquire Air Canada and merge it with ...
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Tu-334 production set to take off
MAPO aims to reach a production rate of 24 Tupolev Tu-334 twinjets a year by 2007, but will need over $300 million to fund the production programme. It plans to utilise cash earned from its military export contracts to fund the production launch. The Moscow-based production plant was recently ...
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Marketplace
Singapore Aircraft Leasing Enterprise has firmed up a commitment for 23 more A320 family aircraft, taking the Singapore Airlines/Boullioun Aviation joint venture's Airbus narrowbody orders to 41. The deal includes 20 A320s and three A321s for delivery between early 2001 and 2008. Engine selections have not been announced. Malaysia Airlines' ...
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Air safety rift puts PNG air link at risk
Key transport links between Papua New Guinea's (PNG) capital, Port Moresby, and nearby North Queensland (Australia) are threatened by a rift between Qantas and its codesharing partner Air Niugini, over air safety events. At the same time, Brisbane-based Flightwest Airlines is terminating its Australia-PNG services, due to poor traffic ...
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Routes
British Airways is launching a new three times daily route from London Gatwick to Hanover, operated by franchise partner CityFlyer Express. United Airlines is introducing 20 new daily nonstop flights to key Californian business destinations, including Santa Barbara, Medford, Reno, Palm Springs and San Diego, from its Los Angeles hub. ...
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Workshop
Lease management provider C-S Aviation Services has entered into a five-year tripartite agreement with Air India and Aviation Sales Distribution to perform maintenance on its General Electric CF6-50C2 engines on an exclusive basis. The contract, worth $100 million, stipulates a five-year option to extend the agreement. Air India will perform ...
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British Midland deal helps boost Star's presence at Heathrow
Laura Hailstone/LONDON British Midland (BM) has confirmed its much-anticipated entry into the Star alliance. This follows Lufthansa's acquisition of a 20% stake from partner SAS for £91.4 million ($150 million). The deal, which will see SAS' shareholding reduced to 20%, gives Star more than a quarter of all movements ...
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US Eximbank drops its opposition to PAL plan
The US Export-Import Bank (Exim-bank) has abandoned its opposition to the rehabilitation plan for debt-ridden Philippine Airlines (PAL). The move effectively clears the last significant hurdle on PAL's route to recovery from near-bankruptcy this year. Eximbank had been petitioning the US bankruptcy court to withdraw protection from the carrier, ...
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Belgian Government to decide on future of its stake in Sabena
Herman De Wulf/BRUSSELS Belgian transport Minister Isabelle Durant is pushing the government for a policy statement on whether it plans to sell its stake in national flag carrier Sabena. The new Belgian Government came to power in June but has yet to reach a conclusion about whether to hold ...
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Falling down
The boom-bust cycle of airliner production is raising its ugly head again in Seattle, but this time it's not the industry cycle that is ringing the alarm bells around Puget Sound. For although Boeing is set to slash rates by at least 20%, it cannot take solace in the fact ...
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Emirates turns class into marketable commodity
Mike Martin/DUBAI Emirates will consider taking a stake in other airlines - as it has with SriLankan - but will not rush into new ventures, Emirates chief director Group Services Gary Chapman said at the show. "We will consider opportunities with our feet firmly on the ground," says ...
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US-Italy air accord expected at conference: ATI
Italy and the USA are expected to sign their pending open skies bilateral air agreement during a major conference on 6 and 7 December in Chicago on the future of international aviation. Hosted by the US Department of Transportation, the conference is expected to bring together the transport ministers ...
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American, BA seek sweeping code-share approval: ATI
American Airlines and British Airways (BA) say they have "resumed their efforts to develop a global marketing alliance" by seeking US Department of Transportation (DOT) approval to share codes on dozens of routes. The carriers say in a statement issued by American that they have applied for approval for ...
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Air Canada submits offer: ATI
Air Canada is giving Canadian Airlines' shareholders until 7 December to accept its C$2-per-share bid for its major rival, after mailing the formal offer to the shareholders. The Montreal-based carrier has set up a new company to make the offer. Although the offer is to be funded by Air ...
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Marconi HUD system cleared for B737
Tim Ripley/DUBAI Marconi Avionics executives are celebrating being awarded Supplemental Type Certification (STC) by the US Federal Aviation Administration (FAA) for full operational use of the HUD 2020 Visual Guidance System (VGS) on Boeing 737-800 aircraft. "The award of STC to Marconi is a major milestone in promoting ...
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Costs, not technology, stall in-flight access to internet
Steve Nichols/DUBAI The Internet is the hot business tool of the 1990s and usage is predicted to continue increasing exponentially in the next millennium. So it is not surprising that passengers are starting to demand Internet access on board aircraft too. Honeywell (E712) is demonstrating its In Flight Email ...