News from FlightGlobal – Page 2323
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China Airlines shares will go on the market
Taiwan's state-controlled China Aviation Development Foundation (CADF) has approved the proposed sale of half of its 71% majority stake in China Airlines (CAL) to yet to be identified local or foreign investors. CADF plans to reduce its holding in CAL to 35.5%, as part of a move to revamp ...
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GB Airways follows BA with A320 family deal
GB Airways has followed the lead of its franchise partner, British Airways, and decided to drop its Boeing 737 fleet in favour of the Airbus A320 family, with a deal for up to 14 aircraft. The airline, which operates franchise flights for BA to North Africa and the western ...
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Equity purchase puts Texas Pacific in GPA driving seat
GPA shareholders have approved an equity purchase which looks set to put US group Texas Pacific in control of the Irish leasing company. If, by the closing date of 19 November, there has been no valid objection to the deal, Texas Pacific will own 62.63% of the Shannon, Ireland-based company's ...
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Marketplace
-Debonair has signed a lease purchase agreement with Air Atlantic parent IMP for the acquisition of three British Aerospace 146-200s, which have become available following the closure of the Canadian regional carrier. The first aircraft will arrive at the end of this month, with the second following in December and ...
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Boeing's Mulally details 'better plan' for profits
Andrew Doyle/SEATTLE New Boeing Commercial Airplanes president, Alan Mulally, has pledged to get the manufacturer's troubled airliner production lines back on track within the next 12 months as part of what he calls his "better plan" for restoring the company's flagging profitability. Mulally, brought in to replace Ron Woodard, ...
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Raisbeck installs Stage 3 mixer for 727 tests
Raisbeck Commercial Air Group has begun flight tests of a Boeing 727-200 fitted with newly developed engine tailpipe forced mixers. The tests are aimed at achieving certification of the company's heavy gross weight (HGW) Stage 3 system by March 1999. The US company says the tests are attracting "serious ...
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Royal Brunei is forced to delay A319s by new management
Paul Lewis/SINGAPORE Royal Brunei Airlines (RBA) has been forced to postpone taking delivery of two Airbus A319s in the wake of a senior management shake-up within the company, and after having failed to meet payment deadlines to the manufacturer. RBA had been scheduled to take delivery of the ...
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Routes
-Dutch carrier Transavia is to become the first non-Greek airline to operate scheduled domestic services between Greek territories when, from 2 November this year to 27 March 1999, it sets up flights between Rhodes and Heraklion, Crete. -Martinair Cargo will increase both routes and capacity in the Latin American region ...
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Syndicates jostle to advise Thai on sell-off
Six competing international and local financing syndicates have submitted bids to Thai Airways International to advise on the planned long-awaited partial privatisation of the national carrier. The Thai Government has already approved in principle the sale of 23% of the airline to private investors and, potential, strategic partners. Bangkok, ...
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Financial troubles force Transaero to cut back
Paul Duffy/MOSCOW Transaero, Russia 's third largest carrier, has scaled back its operations by about 30%, with further reductions expected to follow in the face of continuing financial problems at the airline and the worsening domestic economy. Among the first services to be dropped are flights on the Moscow-Riga-London ...
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Air Niugini reduces debt with Government cash
Papua New Guinea (PNG) has boosted Air Niugini's capital base to over kina60 million ($22 million) with a kina50 million cash injection, as part of a wider effort to restructure the airline. The injection will allow the carrier to reduce its debt to PNG Banking, believed to exceed kina150 million. ...
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SAir Group acquires major Air Europe stake
Marco Messalla/MILAN Swissair parent SAir Group is to grow its increasing portfolio of small European airlines by taking the maximum permitted stake in Italian long-range charter carrier Air Europe, through the purchase of 49.9% of Dutch-based holding company Tegel. The move follows the recent purchase of 44%of France's Air ...
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Lithuanian fleet boosted with Saab
Lithuanian Airlines is to boost its Saab turboprop fleet with the lease of two Saab 2000s from the manufacturer's leasing division. The two aircraft, which were previously operated by Deutsche BA and France's Regional Airlines, will arrive at the Lithuanian national carrier's Vilnius base this month, joining two Saab ...
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Gathering clouds threaten European open skies deals
Max Kingsley-Jones/LONDON Julian Moxon/PARIS Any prospects of an immediate UK-US open skies agreement have disappeared, following the confirmation by British Airways that it is postponing its plans for a full-blown strategic alliance with American Airlines. Meanwhile, France is pressing ahead with implementing its bilateral aviation agreement with the ...
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Lufthansa holds China talks as SIA prepares to be a Star
Andrzej Jeziorski/SINGAPORE Lufthansa is in talks with three airlines in a bid to extend the Star Alliance into mainland China, according to Jürgen Weber, chairman and chief executive of the German airline. Early talks on a potential Chinese partnership are under way with Air China, China Eastern Airlines ...
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728JET orders 'soon'
Fairchild Dornier confidently predicts that it will secure launch orders for its planned 70/78-seat 728JET by mid-1999. Fairchild Dornier senior vice-president, sales and marketing, Andrew Jampoler says: "We are still in discussions with Lufthansa CityLine and Crossair, and it is our expectation that these discussions will end with large orders ...
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Crisis aids Air New Zealand as it swoops for Garuda 737s
Max Kingsley-Jones/LONDONAir New Zealand (ANZ) has taken advantage of the Asian crisis to conclude a deal with Boeing for the rapid delivery of six new 737-300s, which will allow it to accelerate the phase-out of its existing 737-200 ßeet. It is also believed to be in negotiations for additional 737s, ...
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Embraer gears up for the massive regionsl jet production boost
Guy Norris/Palm Springs Embraer plans to deliver more than 470 RJ-135/145s over the next five years as it rushes to boost regional jet production to 12 a month by May 2000. The company, however, is still not convinced that it wants to enter the 70-seater market. The Brazilian manufacturer revealed ...
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SIA profits down
Singapore Airlines (SIA) blamed the Asian economic downturn for its poor financial performance for the first half of its 1998 financial year with operating profits plummeting 44% to S$246 million ($x million), a drop of S$195 million on 1997 first half figures. Revenues were down $87 million at $3.43 billion. ...
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Delays put back first Lancair Columbia delivery
Lancair now plans to deliver the first Columbia 300 four-seater in February 1999 and hopes to have completed the handover of the 200th aircraft by early in 2001. The February delivery date is almost five months behind the company's original schedule, which slipped after design changes were made to improve ...