All news – Page 6965
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Asian tailoring
Paul Lewis/SEOUL & SINGAPORE Simply selling off the shelf is proving to be increasingly out of vogue with many of Asia's wealthier and more sophisticated air arms. Nations with unique operational needs and, perhaps more importantly, local aerospace industries to nurture, are insisting on alternative solutions. Lockheed Martin is ...
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Have four engines, will travel far
Max Kingsley-Jones/LONDON When Airbus Industrie launched its four-engined fly-by-wire A340 family in June 1987, it was the first all-new long-range widebody for a generation, and seemed to catch Boeing on the hop. The McDonnell Douglas DC-10-derived MD-11 provided the only competition for the A340 for several years as Boeing ...
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No short measures
Peter Henley/MOSES LAKE, WASHINGTON Embraer's RJ-135 is a logical and economical derivative of its successful stablemate - the 50-seat ERJ-145 - with the fuselage shortened to reduce the capacity to 37 passengers. The ERJ-145 has taken the regional airline market by storm. Following the trail blazed by Bombardier's Canadair ...
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The next big idea
Kevin O'Toole/LONDON Stock markets may not always be right, but they are also very hard to ignore. So when Wall Street began to discount aerospace stock earlier this year it was a brave executive who turned a blind eye. Perhaps most troublesome is the timing of the slump. It ...
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Turbine technology
Guy Norris/LOS ANGELES The newest US combat aircraft shattering the skies over Farnborough in 2010 will be powered by an engine which, compared to its 1990s' ancestor, will have double the thrust-to-weight ratio, yet will cost one-third less to make and to maintain. Futuristic though these goals may ...
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Wired into the future
Julian Moxon/MARIGNANE For a programme that is expected to see at least 642 helicopters delivered to the armed forces of four countries, it is perhaps surprising that there has been so little fuss attached to it to date. For not only is the NH90 easily Europe's largest ever ...
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Airline Business 100 - 1998
Rank Airline Revenue US$M OpResult US$M NetResult US$M net margin % fleet Total emps Revenue Tonne kilometres (mil) Revenue Pax km Pax millions Load Factor % Year End 97 96 Pax ...
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New Airline Business Editor
New Airline Business Editor Kevin O'Toole This month I take over as Editor of Airline Business. In doing so, I inherit a magazine with an established reputation as aviation's leading boardroom title. But like the industry it serves, Airline Business cannot afford to stand still. The task ahead is ...
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More than one
South Korea scrapped a single carrier policy which prevented its two international carriers from competing on many overseas routes. Meanwhile Korean Air has agreed to expand its codeshare agreement with Delta Air Lines into a global marketing arrangement. Source: Airline Business
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Shaheen boosted
Investors led by a senior member of the Omani royal family are to take a significant stake in Shaheen Air International, Pakistan's second national carrier. Source: Airline Business
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Amadeus flotation
Amadeus will seek a listing on the Madrid stock exchange for an initial public offering later this year. Source: Airline Business
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FLS due diligence
FLS Aerospace restarted its due diligence of Team Aer Lingus and planned to complete the purchase by the end of September. Source: Airline Business
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Aeroflot first
Aeroflot has secured a US$350 million syndicated loan, without government guarantees or repossession insurance, for the purchase of 10 Boeing 737s. This was the first major loan to a Russian borrower this year. Source: Airline Business
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Debonair move
Low cost carrier Debonair is to launch its first London/Gatwick service in October, to Barcelona. Source: Airline Business
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China all cargo
Beijing has decided to allow Chinese airlines to operate all-cargo flights. China Eastern Airlines quickly announced the start of China Cargo Airlines, a joint venture with China Ocean Shipping Co. Air cargo within China is growing faster than passenger traffic and is expected to accelerate. Source: Airline Business
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Cargo chaos
The cargo crisis is subsiding at Chek Lap Kok and Hong Kong Air Cargo Terminals is the big loser. Not only did it lose $HK1 billion (US$129 million) a day during the chaos, but HACTL's near-monopoly franchise has been questioned. Air express carriers were big winners because they handled their ...
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Kuwait privatises
A draft bill currently before the Kuwaiti parliament would transform Kuwait Airways Corporation into a public shareholding company. The first stage of privatisation would involve the sale of a 10 per cent stake to Kuwaiti employees along with a public offering. Source: Airline Business
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Aircraft News
US Airways has ordered seven Airbus A330-300s with seven options and 16 delivery positions convertible to A300-200s or A340s. Deliveries will start in late 1999. United Airlines has converted 22 options into firm orders for 12 A320s and 10 A319s. Deliveries commence in 2000. Airtours has confirmed ...
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The devil's in the detail
The European Commission's rulings on two transatlantic alliances will be poured over by interested parties before official comments are filed. Now that the European Commission finally has produced its conditions for approving the American Airlines/British Airways alliance, lawyers will be scrambling to examine the detail. The Commission's competition directorate, ...
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Air Afrique in crisis again
Air Afrique hopes to overcome its worst crisis yet by privatising and forming a strategic partnership, but critics say the airline's chairman has mismanaged and should resign. The heavily indebted Côte d'Ivoire-based carrier, owned by 11 African states and Air France, has defaulted on payments for four Airbus A310-300s ...