All news – Page 7648
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Lockheed Martin cuts Orion price in last-ditch RAF bid
A LAST-MINUTE bid to overturn a UK Ministry of Defence procurement recommendation in favour of the British Aerospace Nimrod 2000 has resulted in Lockheed Martin cutting up to 15% from the price of its Orion 2000 bid for the Royal Air Force's £2 billion ($3 billion) replacement maritime-patrol-aircraft project. ...
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Means to an end
IT WOULD BE EASY to assume from recent events on both sides of the Atlantic that the ultimate power of airline regulation has passed from the hands of the professional, independent, regulatory authorities to a rag-bag of customers, self-interest groups, the media, local politicians and the airlines themselves. In some ...
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EC to focus on airline competition issues
THE EUROPEAN Commission (EC) will increasingly turn its attention to airline-competition issues such as access to new routes, airport slots and computer reservation systems (CRS) EC Transport Commissioner Neil Kinnock has pledged. Kinnock acknowledges that the EC has so far been pre-occupied with the issue of state aid, ...
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Snag delays Aerospatiale/Dassault deal
Agreement ON THE proposed merger between France's two biggest airframe manufacturers, Aerospatiale and Dassault, has been hampered by disagreement over Serge Dassault's status in the resulting entity, and the way in which it will be managed. While it is virtually certain that the 30 June deadline for an ...
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Does fractional ownership really have advantages
Sir - Air Charter, of Gatwick, Sussex, has never let down a potential charterer because of the suppliers available. We can charter an aircraft instantly, such as a Cessna Citation II for 1h or 100h, and the rate in Europe will be about £1,100-1,300 an hour. According to ...
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Slovenia studies Kfir purchase
SLOVENIA IS evaluating an Israeli offer to sell it eight to ten Israel Aircraft Industries Kfir fighter aircraft as part of an effort to become the Balkan country's main defence-systems supplier. Israel is providing assistance to Slovenia to define its defence requirements with a study covering land and air-force requirements ...
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Air Inter Europe shuts 18 loss-making routes
Julian Moxon/PARIS AIR INTER EUROPE is to close 18 loss-making routes in the third quarter of 1996 as part of money-saving measures as the carrier prepares for liberalisation in April 1997. The airline's moves towards competitiveness are threatened, however, by its pilots, who have until 30 ...
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Foreign investors may fund Russian airport upgrades
Julian Moxon/PARIS IN THE ABSENCE of domestic Russian funding, foreign investors are being asked to take an increasing share of the financial burden for upgrading Russian airports, according to the Airports Council International (ACI). The Russian Government is providing just $336 million in 1996 for improvements ...
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Raytheon Premier I stays on track reveals new mid-size business jet
Ramon Lopez/WICHITA RAYTHEON AIRCRAFT has sold almost 100 of its new Premier I light business-aircraft, even though first deliveries are not scheduled until late 1998. Considered "the defining product for Raytheon for the next three decades", the Premier I programme is "on schedule, at cost ...
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In the cabin
The initial impression upon entering the passenger cabin is, frankly, that it is cramped - because of the constraints placed upon its design by the small 2.10m fuselage cross-section. Its appeal grows upon longer acquaintance. It is pleasantly light, with a window for each seat-row. The maximum headroom in the ...
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Horizon in view with French army Cougar hand-over
THE FIRST Eurocopter Cougar helicopter fitted with the Horizon battlefield-radar surveillance system was officially handed over to the French army on 24 June. A second Horizon-equipped Cougar will be delivered in mid-1997. The Horizon is capable of being used to detect moving ground targets at ranges up to 200km (110nm). ...
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Share and share alike
The second part of this year's airline alliance survey provides an at a glance guide to airlines which have equity stakes in one another. The first table lists airlines which are wholly or partly owned by other carriers, while the second lists airlines which own stakes in others. The tables ...
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Emirates first
Emirates has secured the financing for its first B777-200 with a US$106.25 million loan arranged by Citibank and co-led by Bank of Tokyo, Mitsubishi Bank and Credit Lyonnais. The aircraft was due for delivery in early June. Source: Airline Business
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Sale and delay
China Airlines' holding company, China Aviation Development Foundation (CADF), is to sell 16 per cent of its 82 per cent stake in the Taiwanese flag to help finance new aircraft and boost the carrier's paid-up capital. Meanwhile, TransAsia Airways is to delay its planned IPO on Taipei's stock ...
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ANA bonds
All Nippon Airways was set to raise Y100 billion in mid-June through the issue of its fifth unsecured convertible bond. The carrier will use the proceeds to finance aircraft purchases worth Y55.3 billion and to redeem a previous Y42.4 billion unsecured convertible bond issue. Source: Airline ...
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Indian aid
Air India has secured a US$355 million credit facility, lead managed by Chase Manhattan Bank, to help finance the purchase of two B747-400s due for delivery in the second half of this year. Source: Airline Business
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Spata spur
The European Commission has approved an Ecu2.15 billion ($2.6 billion) financing package for Athens' new airport project. Spata will become have annual capacity of some 15 million passengers when it opens in 2000, replacing Athens' existing airport. Source: Airline Business
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Rail rivals
European rail operators have thrown down another gauntlet with the introduction of a high-speed TGV service linking Paris, Brussels and Amsterdam. Operating under the name Thalys, the service will eventually reduce the rail journey time between Paris and Amsterdam from 5 hours 20 minutes to just under four hours. ...
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More Fokkers
Bankrupt Fokker is to build another 15 aircraft. The manufacturer will fulfill an order from KLM for a further seven F70s, while Vietnam Airlines will take delivery of two more of the regional jets. Ethiopian Airlines will get four F50s, while Formosa Airlines and TAM of Brazil will take one ...
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Debonair debut
UK startup Debonair was due to begin operating with a fleet of BAe146s in mid June, offering services from its London/Luton base to Barcelona, Munich and Düsseldorf. Source: Airline Business