All news – Page 7363
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News
Finmeccanica heads for new direction as president goes
Italy's state-owned aerospace and defence group, Finmeccanica, is poised for yet another sharp change in direction after the resignation of its long-time president Fabiano Fabiani. The move is expected to end attempts to privatise the whole group and lead to the sale or merger of individual businesses such ...
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Gulf Air funding finally agreed as losses start to fall
Gulf Air says that its state shareholders have agreed to $200 million in fresh funding, ending months of boardroom negotiations over shoring up the carrier's crisis-hit finances. The deal was finally struck at a board meeting held in Doha, Qatar, in April. Chief executive Shaikh Ahmed bin Saif ...
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CAL profits rise
China Airlines (CAL) made a higher-than-expected net profit of NT$1.59 billion ($57.4 million) in 1996. The result was helped by a three-point rise in load factors and increased non-operating income. The airline has already reported a 6% increase in revenue to NT$52.8 billion. CAL had expected a profit of NT$1 ...
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MAS targets Pelangi takeover
Malaysia Airlines (MAS) is planning to take complete control of struggling third-tier operator Pelangi Air, absorbing its route network and aircraft. Under a proposal now before Pelangi's shareholders for approval, MAS would take a stake of to 70% in the local carrier. MAS' controlling parent company, Malaysian Helicopter ...
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South Africa draws up shortlist for Sun Air
South Africa has drawn up a shortlist of potential bidders for Sun Air in the first phase of the regional airline's privatisation. The list includes Air France, Malaysian Airlines (MAS), Virgin Atlantic and South African domestic carrier Comair, which acts as a British Airways franchise operator. Alongside the ...
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Lockheed Martin aims to solveC-130J Hercules stall problem
LOCKHEED MARTIN has installed a stick shaker on the C-130J because of undesirable stall characteristics caused by the improved Hercules' new propulsion systems. Micky Blackwell, president of Lockheed Martin's Aeronautics sector, says attempts to find an aerodynamic solution to the problem have been shelved after "extensive testing", but ...
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Canadian pair plan shake-ups
Canada's regional carriers face a shake-up following a decision by the country's two largest airlines to consider restructuring their domestic operations. Air Canada set the ball rolling by announcing a review of operations which could lead to a restructuring of four regional carriers - Air BC, Air Ontario, ...
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Slow domestic market makes ANA look abroad for growth
All Nippon Airways (ANA) has announced plans for a large-scale expansion of its international operations over the next five years, as the carrier faces the prospect of slower growth and increased competition at home. Under ANA's mid-term 1997-2001 corporate plan, international operations will be expanded from 30% to ...
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Constellation poised to introduce A320s
Constellation International Airlines will take delivery of its first of two Airbus A320s on 13 May, becoming the first Belgian airline to operate the type. The aircraft, which will replace Boeing 727-200Advs, are being leased from International Lease Finance for $340,000 a month each, says the airline. The charter airline ...
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Sabena finally phases out DC-10s
Sabena phased out the last of its McDonnell Douglas DC-10s on 27 April, with one of two of the type leased from Lufthansa completing a service between Brussels and Chicago on 27 April. Sabena operated five of its own DC-10-30CFs from the early 1970s, but these were disposed of several ...
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Cathay's mixed fleet cuts costs of crews
Cathay Pacific Airways claims that mixed-fleet flying on its Airbus Industrie A330s and A340s has yielded crew-cost savings of up to 25%. The Hong Kong-based airline is a world leader in two-engine/four-engine mixed-fleet flying. Capt John Bent, Cathay's flying training manager (policy), says that, following the initial costs ...
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Two UK freight carriers prepare for widebodies
HeavyLift Cargo Airlines, and Hunting Cargo are working towards the introduction of widebodied freighters later this year to meet possible express-parcels carriers' requirements and their own needs. HeavyLift is finalising plans to introduce two Airbus A300B4 freighters this year, while Hunting says that it is considering the acquisition ...
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First Ilyushin Il-96T is rolled out at Voronezh
The first series production version of the Pratt & Whitney PW2000-powered Ilyushin Il-96, a-96T freighter, was rolled out at the VASO plant in Voronezh on 26 April. The Russian prime minister, Victor Chernomyrdin, attended the ceremony, stressing the political significance of the event. Twenty of the PW2337-powered aircraft ...
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Lufthansa 747 'Classic' digital cockpit retrofit is certificated
The first Boeing 747 "Classic" to be retrofitted with a digital cockpit has been certificated by the German civil aviation authority. The aircraft, an ex-United Airlines 747SPbelonging to the Brunei royal family, was modified by Lufthansa Technik in Hamburg, Germany (Flight International, 26 June-2 July, 1996). It has ...
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MEA expands Airbus fleet as 747s are sold
Middle East Airlines (MEA) is planning a major expansion of its Airbus Industrie fleet following the sale of its three ageing Boeing 747s. The three Boeing 747-200 Combis, delivered new to the airline in 1975, have been sold to the US freight airline American International Airways (AIA) for ...
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R-R will speed up Trent 8100
Rolls-Royce has reached agreement with Boeing to advance the development and certification of its planned 445kN (100,000lb)-thrust Trent 8100 growth engine by nine months, allowing the powerplant to enter service on the proposed 777-200X and -300X derivatives by 2001. The revised Trent 8100 schedule is contained in a ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Cathay Pacific Y Dec 31 492.5 385.0 4,187 6.3 China Airlines* Y Dec 31 46.6 45.0 1,887 ...
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India equity ban is shaky
The only consolation the world's air transport industry can take from New Delhi's decision to bar foreign carriers from investing in India's airlines is that the country finally has a firm policy in place. The problem is that the imminent collapse of the government could soon open up the whole ...
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Battle of wills
Washington has changed tactics on Japan. When President Clinton wrote to Prime Minister Hashimoto last September to urge that Japan and the US replace their contentious bilateral with a new open skies agreement, that represented a change of thinking in Washington. For eight years the administrations had insisted on Tokyo's ...
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Korea opens with a catch
South Korea, long considered a non-starter in US efforts to forge open skies in Asia, is hinting that it may yet join the party, but Seoul's insistence on preconditions is likely to sit awkwardly in Washington. A Korean transport ministry official says his country is willing to sign ...