Programmes – Page 1102
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BAe AMT grows Latin Jetstream fleet
British Aerospace Asset Management - Turboprops (AMT) is targeting Aerolitoral, a Mexican-based regional operator, as the next major Latin American customer for Jetstream J32EPs coming off lease from airlines in the USA. The move, which the airframe manufacturer hopes could result in up to 26 Jetstreams replacing the airline's ...
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Loan freeze stalls Turkish start-up
Turkish start-up Park Express has been forced to delay its launch by up to a year as a result of the changing political and financial situation in the country. The airline, being set up by the major Turkish conglomerate Park Holdings, had planned to start operations last December, serving ...
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Delta swallows Atlantic as US regional
Paul Lewis/WASHINGTON DC The US regional airline industry is poised to undergo further consolidation following Delta Air Lines' announced acquisition of partner carrier Atlantic Southeast Airlines (ASA). Delta's $700 million purchase of ASA Holdings will boost its share of traffic in the south-eastern USA, and consolidate an already dominant position ...
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Air France/Iberia share deals successful
Shares in Air France began trading on 22 February and were expected to rise by up to 10% following an over-subscribed partial privatisation which is described by consultants to the offering as "a big success". British Airways (BA) and American Airlines have meanwhile agreed the terms of their long-awaited ...
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Mergers
– Miami-based cargo carrier Fine Air has agreed to buy fellow freight specialist Arrow Air, also of Miami, for $115 million. Both airlines provide scheduled and ACMI services, with Fine Air generating $116 million in revenues during its last financial year and Arrow, a subsidiary of International Air Leases (itself ...
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Trans World still making a loss after a decade
Trans World Airlines (TWA) says that it remains pledged to slimming down its operations after sustaining a tenth successive net loss in 1998. The company ended the year $120.5 million in the red and lost $79.1 million net in the last quarter alone. The St Louis, Missouri-based carrier blames ...
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Changing times
Paul Lewis/KARACHI Pakistan's national carrier must reform radically to survive Pakistan International Airlines (PIA) has embarked on an ambitious programme of reform to revitalise its finances, its fleet and its services in the face of mounting competition from rival carriers in the domestic and international markets. It is the most ...
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NASA awards cockpit contract
Graham Warwick/WASHINGTON DC NASA has awarded Avidyne and AvroTec a contract to develop a low-cost glass cockpit for general aviation aircraft. Team members Lancair and Raytheon will handle aircraft certification issues, and both AlliedSignal and Rockwell Collins will help with symbology development. The "highway in the sky" contract ...
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Launch timing of A3XX hit by market turn
Airbus Industrie has confirmed a delay in its launch timing for the 480- 660-seat A3XX programme, saying "- the market is not ready for it yet". Airbus' A3XX timetable had called for a "substantial programme decision" to be taken early in 1999, to enable it to launch the project's industrialisation ...
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Bombardier increases production
Paul Lewis/WASHINGTON Bombardier Aerospace, buoyed by a record $1.3 billion sale of Canadair Regional Jet (CRJ) 200LRs to Northwest Airlines, is increasing production of the 50-seat aircraft to eight a month. The US carrier, based in Minneapolis, has announced a firm order for 54 CRJ-200LRs and has taken options on ...
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Airbus consortium faces new delay to formation of SCE
Chris Jasper/LONDON The transformation of Europe's four-nation Airbus consortium into a single corporate entity (SCE) could be delayed until mid-2000 or beyond, senior sources at British Aerospace (BAe) have revealed. BAe chairman Sir Richard Evans openly admits the shift to SCE status is unlikely this year, while other ...
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Augsburg eyes Dash 8-Q400
Andrew Doyle/TORONTO Lufthansa franchisee Augsburg hopes to secure deal for larger aircraft by April Augsburg Airways has entered negotiations with Bombardier Aerospace for five Dash 8-Q400 turboprops after selecting the type for its 70-seater requirement. Meanwhile, the fast-growing German regional has converted options into firm orders for ...
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PIA talks to SIA on leasing 747-300s
Pakistan International Airlines (PIA) is negotiating with Singapore Airlines (SIA) on a possible leasing deal covering up to six Boeing 747-300s. The carrier says it is in advanced talks and wants to take the aircraft as early as March. The -300s would replace all but two of PIA's fleet ...
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Routes
Swissair is to suspend some flights to Hong Kong, citing high user charges at Chek Lap Kok Airport. The Swiss flag carrier's two weekly Boeing MD-11 Zurich-Mumbai, India-Hong Kong services are to stop operations from 24 March. Lauda Air, SAS, United Airlines and Varig have already reined in some Hong ...
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China bans new aircraft orders
The Civil Aviation Administration of China has frozen airline capacity this year. New aircraft purchases are barred and about 40 aircraft are to be withdrawn from service. The official China Daily newspaper says the CAAC is trying to combat industry losses caused by overcapacity by imposing the ban. Wang ...
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Mexicans eye narrowbody offers
Airbus Industrie and Boeing are in negotiation with Cintra, the holding company which manages Aeromexico and Mexicana, on a crucial fleet replacement contract that could prove vital for future campaigns throughout Latin America. The Mexican campaign, which centres on the immediate need for a replacement for Aeromexico's ageing McDonnell ...
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SEC clears Philippine Airlines asset sale
The Philippine Securities and Exchange Commission (SEC) has given Philippine Airlines (PAL) the green light for a sale of assets to help clear the carrier's huge debts. The carrier will sell 442 million pesos' worth ($11.2 million) of assets, with the proceeds used in part to pay Chase Manhattan ...
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Fairchild/ATR close to marketing pact
Jens Flottau/MUNICH Fairchild Aerospace and ATR are in final negotiations over a regional jet alliance and setting up a jointly owned company to market their regional jet and turboprop ranges. The two are discussing development of the entire 528JET, 728JET and 928JET family along with joint marketing of ...
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Alliance becomes SA Alliance
Michael Wakabi/Kampala Alliance Air has acquired a Boeing 767-200ER on a three-year renewable lease from shareholder South African Airways (SAA), replacing the ageing 747SP the Uganda-based carrier has operated for the past four years. The two airlines also started a codesharing agreement with effect from 6 February. ...
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Condit warns of take-over threat to Boeing
Boeing chairman Phil Condit has warned that the giant may be potentially vulnerable to a take-over as a result of its low share price, the Seattle Times reports. Quoting managerial sources, the newspaper says that Condit shared his concerns with senior colleagues at an annual meeting early last month. ...