All news – Page 7786
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EVA victory rings hollow
Five years after it started clamouring to end China Airlines' monopoly on the world's busiest air route, EVA Airways has finally gained the right to compete on the lucrative Taipei-Hong Kong sector. With the simultaneous prize of Macau, one might expect EVA to rejoice, but both victories ring somewhat hollow. ...
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Hawaiian set to sell stake
Hawaiian Airlines looks set to sell a controlling stake to a group of US east coast investors for $20 million, ending the carriers intensive search for additional capital which has been underway since its emergence from bankruptcy. Hawaiian has declined to identify investors in the group, called Airline ...
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Makers face merger block
Before Boeing and McDonnell Douglas go much further with merger talks they will need to assess their chances of overcoming antitrust concerns. A merger of the defence divisions may succeed because of Boeing's limited exposure and US policy favouring strong defence companies over competition. But a commercial aircraft merger would ...
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Leases get out of pickle
The Pickle lease seems to have survived attempts by US tax officials to kill it. Lawyers have found at least two ways around Internal Revenue Service proposed regulations that were widely seen as the death knell for this cross-border tax lease. Pickle leases have involved a cat and ...
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FAA issues regional rules
THE US FEDERAL Aviation Administration issued final rules on 14 December, bringing Part 135 regional carriers operating ten- to 30-seat aircraft up to the same safety and training standards as those of Part 121 major long-haul US airlines. The harmonised rules are contained in new Part 119 carrier certification requirements. ...
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EC and Spain agree on Iberia rescue plan
Julian Moxon/PARIS THE EUROPEAN Commission (EC) and the Spanish Government have finally agreed on a rescue plan for Iberia, ending nine months of often, acrimonious negotiations. The key to the agreement is the EC's definition of the agreed Ptas 87 billion ($600 million) cash injection as ...
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Cathay drops out of Xiamen Airport joint-venture plan
CATHAY PACIFIC Airways has pulled out of a proposed joint-venture deal to develop and manage China's Xiamen International Airport, in Fujian. The Hong Kong carrier scrapped its planned HK$366 million ($47.5 million) investment after resistance from the Civil Aviation Authority of China (CAAC). Cathay says that the CAAC ...
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Canadian navigation
The Canadian Government is selling the country's air-navigation system to a non-profit-making corporation owned by Canada's airlines, aircraft manufacturers and unions. NAV Canada has agreed to pay C$1.5 billion ($1.09 billion) for the system. The sale, operative from 1 April 1996, will mark the first time that a national air-navigation ...
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Virgin plans receive cool reception
AIRLINE ANALYSTS have greeted with scepticism the declaration by Virgin Atlantic Airways that it plans to lease or buy up to $5 billion-worth of aircraft within the next three years in a bid to become one of the world's leading long-haul carriers. The airline has announced plans to ...
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A matter of incentive
THAT BRITISH AEROSPACE and Dassault, are working together on defence projects, is welcome but is not in itself remarkable. After all, they have been partners before, not least on Sepecat, the joint parent of the Jaguar fighter-bomber. What is remarkable is that, this time, the companies are co-operating on their ...
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Ryanair UK plans foray into Europe
RYANAIR UK IS planning a substantial expansion of the low-fare, no-frills, service concept pioneered in Europe by its Irish parent company. While keeping details under wraps until plans have been finalised, Ryanair UK managing director Tim Jeans confirms that more UK routes and a determined foray into Europe ...
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Slovenian stimulus
Deutsche Lufthansa and Slovenian carrier Adria Airways have signed a long-term co-operation agreement. From 1 January 1996, two daily frequencies from Frankfurt and a daily service from Munich to Ljubljana will be operated by Adria Airways under a code-share, and schedules will be coordinated to provide better connections to Lufthansa ...
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Muddy end for 747
AN EMPTY CHINA AIRLINES Boeing 747-200 swerved off the runway and crashed at Manila's Ninoy Aquino International Airport on 12 December, during an attempted three-engine take-off. The aircraft, with only the aircrew aboard, was being returned to Taiwan for repairs after earlier hitting a truck when landing, damaging one of ...
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Price drop
Northrop Grumman has signed a $2.4 billion agreement with McDonnell Douglas, guaranteeing a 35% reduction in the cost of components produced by its Vought operation for the next 80 C-17 military air transports. The company produces the engine nacelles, tail sections and aerial-refueling panels. Source: Flight ...
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Hawaiian defers
Hawaiian Airlines has deferred to 9 December $7.1 million in McDonnell Douglas DC-10 maintenance and lease payments to American Airlines, to allow more time to negotiate a capital infusion from a private investor group. A letter of intent signed with the group expires on 8 December. ...
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Marconi plant sale
Canadian Marconi, reducing its manufacturing capacity, has sold its Cornwall, Ontario, factory to United Tri-Tech, which offers build-to- print services to the electronics industry. Source: Flight International
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OSC completes
Orbital Sciences (OSC) has completed its stock-swap acquisition of Canada's MacDonald, Dettwiler and Associates, a leading supplier of commercial space remote-sensing ground-stations. Source: Flight International
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Qantas signs
Qantas Airways has signed a ten-year agreement with CAE Electronics (Australia) covering the use of a Bombardier de Havilland Dash 8-100 flight simulator. Source: Flight International
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Simulating Infinity
Encore Computer, has sold Infinity R/T real-time computing systems, to Italy's Agusta Sistemi and Letov in the Czech Republic, for use in flight simulation. The Infinity R/T uses Digital's Alpha AXP microprocessor. Source: Flight International
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Czech Saab 340
Czech regional airline Air Ostrava is acquiring two secondhand Saab 340s for its expanding network, now linking Ostrava in the east of the country with Amsterdam, Prague, Salzburg, Verona and Vienna. The airline also flies corporate shuttles for VW-Skoda to Braunschweig in Germany. The first 340A, an ex-Deutsche BA aircraft, ...