All news – Page 7022
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Lost and Found
Scientists have re-activated the Czech Magion 5 satellite, which lost contact with ground control after launch in August 1996 aboard a Russian Molniya booster. Source: Flight International
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Growing power
Paul Seidenman/SAN FRANCISCO Through a series of agreements with authorised service centres, AlliedSignal Engines has been expanding its TPE331-10 turboprop upgrade programme to encompass more general aviation (GA) aircraft. These centres, in conjunction with the Phoenix, Arizona-based manufacturer, have developed supplemental type certificates (STCs) for specific aircraft. These involve modification ...
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Transparent ambition
Tim Furniss/LONDON Never forget, says Arianespace, "-we are not selling a launcher but a delivery service, every three to four weeks, whether we use Ariane 5 or Ariane 4". This "transparent service" philosophy was emphasised at the ILA Berlin air show in late May by Jean-Marie Luton, the launch ...
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Aircraft News
United Airlines has ordered 16 Boeing 777-200s, one 747-400 and six 767-300s. Deliveries are scheduled to commence in the first quarter of 1999 through 2002. KLM has ordered four 737-800s for delivery in 2000. Federal Express has confirmed an order for three MD-11 freighters, the first of which will ...
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BA creates jobs
British Airways is to create 15,000 jobs over the next three years, representing a 25 per cent increase in staff. Some 3,400 jobs will be for cabin crew, 2,100 for customer services, 400 for pilots and 1,100 for telephone sales staff. Source: Airline Business
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New am for Pan?
A new bidder for ownership of Pan Am has stepped forward. Wexford Aviation has until 18 May to provide the details of its offer. Meanwhile, a bankruptcy judge has given preliminary approval to rail freight company Guilford Transportation to acquire Pan Am, which filed for bankruptcy in February. Guilford proposes ...
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Garuda sell-off
Garuda Indonesia is pursuing sale and leaseback deals to raise cash. Bids were due on 14 April for four Boeing 747-200s and five Airbus A300s. Source: Airline Business
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Crossair sales
Crossair's 1997 revenue was US$608.9 million, not $568 million as stated in our Regional Airlines survey (Airline Business, May). This was 3.1 per cent up on 1996 in US dollars. Source: Airline Business
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British floats
British Regional Airlines is floating all its shares on the London Stock Exchange in a placement with institutional investors by mid-year. The $130-164 million raised will pay off a $16 million debt to British Midland and pay for new aircraft. British Midland chairman Sir Michael Bishop's BBW Partnership is to ...
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As easy as AB
AB Airlines raised $14.7 million in the flotation of 35.6 per cent of its shares on the London Stock Exchange at the end of April. Cash will be used to fund aircraft orders, including six Boeing 737-700s, plus four on option, and for route development. Source: Airline Business
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SAS Baltic tie
SAS and Lithuanian Air have announced that they aim to establish a 'strategic partnership' by 1 September 1998 to include network and frequent flyer programme cooperation. Source: Airline Business
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No easy ride
British Airways has called on the High Court in London to 'strike out' EasyJet's application for an injunction against BA's Go low-cost subsidiary. EasyJet claims Go is unfairly cross-subsidised. Source: Airline Business
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American to bed US rival
Karen Walker Caution is the key word in the American Airlines and US Airways alliance proposal, but some wonder whether early tiptoeing might lead to a full merger further down the road. The two airlines describe their marketing alliance as 'broad and innovative', but provide few other details. By ...
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Alitalia has private plans
Tom Gill Alitalia's privatisation is well underway but the flag carrier still has to resolve escalating rows at Milan/Malpensa. In mid-May, state holding company IRI was due to sell 27.6 million ordinary shares, equivalent to 18 per cent of equity, to investors for L900 billion (US$512 million). The carrier ...
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Hold your horses!
Jackie Gallacher Close your eyes. Now open them. Like magic the alliance picture has changed again. In fact the speed of airline alliance courtships in 1997-8 is beginning to make pinning down an accurate image of the major groupings a bit like trying to capture fairy dust. Has the ...
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United trusts US alliances
Karen Walker It was almost a throwaway comment, but it was deliberately aimed. Gerald Greenwald, United Airlines' chairman, says that for two airlines to approach corporations jointly about discount deals, they would need antitrust immunity. The statement, made during a question and answer period after the announcement of the ...
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Boeing feels the pressure
Karen Walker With Boeing's troubles piling up, Airbus threats to become market share leader are no longer the war cries of the underdog. This year, Airbus is likely to take at least 50 per cent of the world market. As Boeing announces another depressing set of results - first ...
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East joins west skies
Peter Bennett The European Commission is set to begin talks with 10 nations from central and eastern Europe in a bid to conclude a comprehensive air transport agreement with the region. The agreement is likely to include cabotage rights for east European airlines, airline ownership rights and a full ...
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China seeks foreign cash
David Knibb Zhu Rongji may be starting cautiously as China's new premier, but his pro-market plans are clearly visible in recent aviation initiatives. Beijing is cutting its own spending as the Civil Aviation Administration of China considers whether to allow more foreign capital in airlines and how to attract ...
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Africa unloads its heavier debts
Alex Brummer Of all the world regions, over the last decade Africa has been the most neglected by statesmen, policymakers and the business and financial sectors. While other developing regions from Asia to Latin America have seen vast inward investment, running at US$250 billion a year, Africa has been starved ...