News from FlightGlobal – Page 2318
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Developing crisis
It is a nightmare scenario for any company. Immense production problems are overcome at huge expense, just in time for the market to collapse. For Boeing, the timing could hardly be worse. As quickly as the company's production recovery takes effect, the deepening impact of the Asian economic crisis starts ...
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Aer Lingus will sign up strategic partner 'by the first half 2000'
Max Kingsley-Jones/LONDON Aer Lingus should be ready to decide on its strategic partner by the end of the first quarter of 1999, enabling a firm agreement to be finalised during 2000. The airline's executive vice-president for Europe, Richard Luchente, says that the carrier is discussing a strategic partner ...
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Air France plans US link to pave the way toward a global alliance
Julian Moxon/PARIS Air France expects to join a global airline alliance based on an agreement with one of its two US partners, "before the end of 1999", according to the airline's president Jean Cyril Spinetta. The signing of the co-operation pact between KLM and Alitalia on 27 November ...
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GPA sale
Air Canada has sold its remaining 10.2% interest in leasing company GPA. The bulk of the shares have been acquired by a Texas Pacific Group subsidiary, although other shareholders have also purchased shares. Air Canada will realise an after-tax gain of C$18 million ($11.7 million) on the sale. Although the ...
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MD-90 delivery kicks off Aserca's fleet renewal
Aserca Airlines has begun its fleet renewal programme with the delivery of a new Boeing MD-90 and is now finalising plans for additional aircraft. The Venezuelan airline has taken the aircraft on lease from Taiwanese leasing company Hwa-Hsia Leasing, via Caribbean airline Air Aruba, which has also just introduced ...
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BA's CityFlyer buy bolsters Gatwick hub
Max Kingsley-Jones/LONDON CityFlyer Express says that no significant changes will result from the £75 million ($124 million) take-over by its franchise partner, British Airways. The London Gatwick based regional airline has a conditional agreement with BA to purchase the entire company. The deal is subject to formal approval ...
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Boeing delivers 100th Japan Airlines 747
Japan Airlines (JAL) has taken delivery of its 100th Boeing 747, cementing its position as the world's biggest customer for the type. The delivery comes amid fears over the its future fleet plans. Commenting on how Asia's economic downturn is affecting JAL's fleet planning, airline president Isao Kaneko says ...
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Marketplace
-Bombardier has confirmed the BWIA International Airways order for two new Dash 8Q-300s for delivery in mid-January 1999, plus options on another two. -Icelandair has converted two of its five options for Rolls-Royce RB211-powered Boeing 757-200s, for delivery in 2000 and 2003. -Danish charter airline Sterling European Airlines will ...
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Northwest eyes regional jets
Ramon Lopez/WASHINGTON DC Northwest Airlines is expected to decide early next year whether to equip its Memphis, Tennessee-based Northwest Airlink subsidiary, Express Airlines I, with regional jets, according to industry sources. The matter was discussed at the US major's recent board meeting, but a decision was put off ...
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Routes
-Air Kilroe is to open direct flights from London Luton Airport to Galway in the west of Ireland on 23 November with 18-seat British Aerospace Jetstreams. -Canada 3000 is expanding its summer 1999 schedule to include two additional flights from Dublin to Toronto and and an extra weekly service from ...
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Shuttle America launches services
Regional start-up Shuttle America has begun operating at Bradley Airport, Windsor Locks, Connecticut. Three secondhand 50-seat Bombardier Dash 8-300 turboprops leased from the manufacturer are in operation and the fleet will grow to six aircraft by mid-January. Shuttle America holds lease options for 18 more Dash 8-300s. The ...
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Lawsuit fails to stop Northwest purchase of Continental stock
Northwest Airlines has completed its $311 million purchase of 51% of Continental Airlines' voting stock owned by David Bonderman's Air Partners investment house, despite anti-trust objections from the US Justice Department. The transaction will lead to a so-called "virtual merger" of the airlines, linking route networks through codesharing and ...
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Raytheon and Thomson-CSF win Swiss air defence order
Raytheon Systems and Thomson-CSF have signed a SFr393 million ($290 million)contract with the Swiss defence procurement agency to implement the second and third phases of the FLORAKO air defence system upgrade. The system replaces the FLORIDA, which was supplied in the 1960s by Hughes Aircraft, now a part of ...
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Alitalia and KLM sign unity
Julian Moxon/AMSTERDAM KLM and Alitalia signed a far reaching "master cooperation agreement" on 27 November, which, although it stops short of equity exchange, commits the two airlines to "uniting as deeply as possible". Alitalia managing director Domenico Cempella warns, however, that the airline, which is still majority government-owned ...
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PAL/Northwest talks cast doubt on Cathay bail-out
Andrzej Jeziorski/MANILA Philippine Airlines (PAL) has thrown into question Cathay Pacific's attempts to acquire a controlling stake in the debt-ridden carrier, by restarting talks with Northwest Airlines. Northwest has previously shown interest in PAL, as has Singapore Airlines, but talks with all other interested parties had been suspended ...
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Canada aims to create more European aerospace partnerships
Canadian aerospace companies are seeking partnerships with Europe, particularly among small and medium-sized enterprises, "-to smooth out our dependence on the USA", according to Aerospace Industries Association of Canada (AIAC) president Peter Smith. He believes that Canada's exchange rate, work skills and lower production costs offer good prospects for ...
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Airbus software
Northwest Airlines has agreed a deal to fit its fleet of 385 aircraft and 50 new Airbus A319s with AlliedSignal's new enhanced ground proximity warning system (EGPWS). Deliveries start this month and are to be completed by the end of 2000. The company has also delivered its first multimode receiver ...
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Germany's Flying Dutchman
Germany's regional Eurowings and KLM have sealed their long-term alliance by signing a contract for an expansion of their current co-operation. As well as joining KLM's Flying Dutchman frequent flyer programme, the two airlines are planning to increase their share of the German market from the current 7% to 15 ...
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Airports Gearing up to grow
An unprecedented enthusiasm for commercialisation is sweeping the world's airports. Old public service concepts are out. The new creed is cost containment, private finance, aggressive marketing and even acquisition strategies. But before the airline customers start to celebrate, there are potential penalties as well as gains from this latest trend. ...