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Aviation History
1982
1982 - 2184.PDF
Cargolux reassesses LUXEMBOURG Luxembourg's all-cargo air line Cargolux has carried out several measures to improve profitability and operations and is planning more as the airline industry continues to struggle through the reces sion. The airline has refinanced its two Boeing 747-200 freighters, changing its finan cial basis from US dollars and associated high interest rates to Japanese yen. And in an attempt to strengthen the airline in line with the increased turnover over the past years, shareholders have increased its capital to Fr Lux 400 million (£4-8 mil lion). To reduce costs the airline has been forced to reduce staff at its head office in Luxembourg by 20 per cent —mostly from within its maintenance sections—while other important measures to cut costs have been agreed upon. Cargolux is continually ex ploring new routes and ex pansion possibilities. The company currently operates almost every day of the week to and from some of the key gateways in the Middle and Far East and is planning to increase the frequency when an anticipated increase in market demand is foreseen. A lease agreement with China Airlines of Taiwan earlier this year has proved valuable, enabling Cargolux to offer weekly freighter ser vices to Jeddah. Traffic rights to and from Japan are being negotiated with the Japanese authorities and Cargolux hopes to begin operations shortly. The airline is planning a long-term lease to an inter ested carrier for one of its three DC-8-63s, while the other two are being operated on a charter basis for general cargo, as well as sub- charters for other airlines. Cargolux president E. Olafsson is confident that the airline has a satisfactory new financial basis on which to consolidate and then ex pand, and has made public his plans because of nervous ness about the state of the pure cargo market. MARKETPLACE US Air has sold its only Boeing 727-100QC to Alaska Airlines. Alaska will lease the aircraft to Arco in combi layout. The Congo Government has bought a Boeing 727-200 from AiResearch Aviation. The aircraft is ex-Republic Airlines. Air Atonabee has signed a letter of intent for five de Havilland Canada Dash 8s. The letter specifies a further three possible options. De liveries would be made no later than 1986. Air Atona bee recently claimed that the new City Center Air- ways-Canavia Transit joint stol operation linking Tor onto, Ottawa, and Montreal would put it out of business if the new service was given the go-ahead. Air Canada has announced that it is phasing out its DC-8-60 passenger aircraft between September 1982 and May 1983. Overseas National Airways is 'to wet lease its two DC-8-7U to Four Seas Air lines, a new charter carrier formed jointly by ONA and the Four Seasons Group. The airline will fly from the USA to the Western Pacific. Martinair has decided to de lay delivery of its third Air bus A310 from 1985 to 1987. But the Dutch charter car rier will take its first two A310s in 1984 as originally planned. Setair, a Melbourne passen ger and cargo charter opera tor, will put two Fokker F.27s into service in the near future. The first is likely to be an F.27-200 obtained from East-West Airlines. It will be used for newspaper and parcel-delivery schedules, and for passenger charters when not operating these services. Setair has an existing fleet of three operational and two reserve DC-3s and a Mitsu bishi MU-2. Toa Domestic Airlines is sel ling two more NAMC YS- 11 As to Hawaiian carrier Mid-Pacific Airlines for just under $1 million each, and another DC-9-41 to Finnair. Japanese sources report the AIR TRANSPORT asking price for the DC-9 is about $6-5 million. TAP-Air Portugal is begin ning a large-scale restructur ing of its fleet in preparation for the arrival of seven Boeing 737-200s and five Tri- Star 500s beginning in 1983. The airline is disposing of several aircraft, including one or more Boeing 747s, Boeing 707s, and Boeing 727- 100s. The airline is willing either to lease or to sell the aircraft, and will provide training and maintenance services if required. Interlease of Beverly Hills has completed contract nego tiations for the sale of a third ex-Air New Zealand DC-10-30 to American Air lines. It will be delivered in mid-October. People . . . Heinz Ruhnau, previously State Secretary in the West German Transport Ministry, is the new chairman of Luft hansa's executive board. He succeeds Dr Herbert Cul- mann who has been chair man for almost ten years. Ruhnau, who has been deputy chairman of the air line's executive board since April, has been succeeded by Reinhardt Abraham. Abraham has been on the board since 1972 with res ponsibility for technical mat ters. Lindsey N. Pollock has been appointed senior vice-presi dent, marketing, for Hawaiian Air, heading a new division in the airline. The Sultanate of Oman has taken delivery of this re-engined DC-8-73 ,,,..•* ::!'" " ' «»***• 764 FLIGHT International, 11 September 1982
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