News from FlightGlobal – Page 2323
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News
Airbus may ditch A3XX thrust reversers to slow down costs
Andrew Doyle/LONDON Airbus Industrie is discussing with airlines a plan to remove the thrust reversers from its A3XX ultra-high capacity airliner design as part of efforts to further reduce the aircraft's direct operating costs. Airlines have generally reacted favourably towards the idea of dropping the system from the outboard engines ...
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Cathay's effort to revive PAL earns approval from receiver
Andrzej Jeziorski/SINGAPORE A conditional offer by Cathay Pacific to invest up to $100 million in debt-ridden Philippine Airlines (PAL) has been accepted by PAL's interim rehabilitation receiver committee. The two airlines say they will jointly draft a "rehabilitation plan" for PAL, to be submitted to the Philippines Securities ...
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A330s head for Brazil after currency hiccup
Joe Sims/MIAMI TAM expects to take delivery of its first two Airbus A330s by the end of the month after a delay of over a month caused by a currency crisis in Brazil. The carrier, based in Sao Paulo, had been due to receive its first of five Pratt & ...
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Tupolev carries on with cryogenic fuel research
Tupolev is continuing research on cryogenic fuel tanks for its Tu-204 and Tu-334 twinjet airliners. It is also researching an innovative design of a twin-turboprop Tu-136 transport, with the layout determined by cryogenic fuel considerations. It is planned to conduct aerodynamic tests of the Tu-136 model in the TsAGI ...
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Airports
-The long-awaited start of construction of the Guangzhou New Airport in China has moved closer with the award of the initial design contract for the passenger terminal to Parsons Greiner of the USA. The deal, worth about $10 million, represents one of the first significant contracts to be awarded since ...
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British Midland goes regional with ERJ-145s
Max Kingsley-Jones/LONDON British Midland (BM) has confirmed its expected move into regional jet operations, with a $200 million order for up to 15 Embraer RJ-145s. The airline, however, has not yet finalised its fleet plans for long haul aircraft, but has held delivery positions with Airbus Industrie and Boeing ...
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First Tu-204s delivered to Air Cairo
New Egyptian carrier Air Cairo became the first airline to take delivery of the RB211-535E4-powered Tupolev Tu-204-120 on 2 November. Two aircraft were delivered to Cairo - one passenger model and one freighter - at the start of a seven-year lease. They are the first new generation Russian aircraft ...
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China Airlines shares will go on the market
Taiwan's state-controlled China Aviation Development Foundation (CADF) has approved the proposed sale of half of its 71% majority stake in China Airlines (CAL) to yet to be identified local or foreign investors. CADF plans to reduce its holding in CAL to 35.5%, as part of a move to revamp ...
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GB Airways follows BA with A320 family deal
GB Airways has followed the lead of its franchise partner, British Airways, and decided to drop its Boeing 737 fleet in favour of the Airbus A320 family, with a deal for up to 14 aircraft. The airline, which operates franchise flights for BA to North Africa and the western ...
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Equity purchase puts Texas Pacific in GPA driving seat
GPA shareholders have approved an equity purchase which looks set to put US group Texas Pacific in control of the Irish leasing company. If, by the closing date of 19 November, there has been no valid objection to the deal, Texas Pacific will own 62.63% of the Shannon, Ireland-based company's ...
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Marketplace
-Debonair has signed a lease purchase agreement with Air Atlantic parent IMP for the acquisition of three British Aerospace 146-200s, which have become available following the closure of the Canadian regional carrier. The first aircraft will arrive at the end of this month, with the second following in December and ...
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Boeing's Mulally details 'better plan' for profits
Andrew Doyle/SEATTLE New Boeing Commercial Airplanes president, Alan Mulally, has pledged to get the manufacturer's troubled airliner production lines back on track within the next 12 months as part of what he calls his "better plan" for restoring the company's flagging profitability. Mulally, brought in to replace Ron Woodard, ...
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Raisbeck installs Stage 3 mixer for 727 tests
Raisbeck Commercial Air Group has begun flight tests of a Boeing 727-200 fitted with newly developed engine tailpipe forced mixers. The tests are aimed at achieving certification of the company's heavy gross weight (HGW) Stage 3 system by March 1999. The US company says the tests are attracting "serious ...
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Royal Brunei is forced to delay A319s by new management
Paul Lewis/SINGAPORE Royal Brunei Airlines (RBA) has been forced to postpone taking delivery of two Airbus A319s in the wake of a senior management shake-up within the company, and after having failed to meet payment deadlines to the manufacturer. RBA had been scheduled to take delivery of the ...
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Routes
-Dutch carrier Transavia is to become the first non-Greek airline to operate scheduled domestic services between Greek territories when, from 2 November this year to 27 March 1999, it sets up flights between Rhodes and Heraklion, Crete. -Martinair Cargo will increase both routes and capacity in the Latin American region ...
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Syndicates jostle to advise Thai on sell-off
Six competing international and local financing syndicates have submitted bids to Thai Airways International to advise on the planned long-awaited partial privatisation of the national carrier. The Thai Government has already approved in principle the sale of 23% of the airline to private investors and, potential, strategic partners. Bangkok, ...
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Financial troubles force Transaero to cut back
Paul Duffy/MOSCOW Transaero, Russia 's third largest carrier, has scaled back its operations by about 30%, with further reductions expected to follow in the face of continuing financial problems at the airline and the worsening domestic economy. Among the first services to be dropped are flights on the Moscow-Riga-London ...
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Air Niugini reduces debt with Government cash
Papua New Guinea (PNG) has boosted Air Niugini's capital base to over kina60 million ($22 million) with a kina50 million cash injection, as part of a wider effort to restructure the airline. The injection will allow the carrier to reduce its debt to PNG Banking, believed to exceed kina150 million. ...
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SAir Group acquires major Air Europe stake
Marco Messalla/MILAN Swissair parent SAir Group is to grow its increasing portfolio of small European airlines by taking the maximum permitted stake in Italian long-range charter carrier Air Europe, through the purchase of 49.9% of Dutch-based holding company Tegel. The move follows the recent purchase of 44%of France's Air ...
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Lithuanian fleet boosted with Saab
Lithuanian Airlines is to boost its Saab turboprop fleet with the lease of two Saab 2000s from the manufacturer's leasing division. The two aircraft, which were previously operated by Deutsche BA and France's Regional Airlines, will arrive at the Lithuanian national carrier's Vilnius base this month, joining two Saab ...