News from FlightGlobal – Page 2332
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Philippine Airlines reprieved by union deal
Grounded Philippine Airlines (PAL)has won a reprieve from a final shutdown, following a "yes" vote by ground staff to accept a government-brokered last-ditch deal to revive the ailing carrier financially . The 6,500-strong PAL Employees Association voted on 2 October by a two-to-one margin to accept the deal reached ...
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Fairchild Dornier admits doubts over Crossair 728JET order
Andrzej Jeziorski/MUNICH Fairchild Dornier has admitted that doubts are growing over Crossair's commitment to the new 728JET family of regional aircraft, as a result of recent configuration decisions which have gone against the Swiss airline's wishes. Crossair and Lufthansa CityLine each signed a letter of intent earlier this year to ...
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Double take
Amsterdam-based debis AirFinance has placed its first Airbus A330-200 on a 10-year operating lease with Korean Air. The South Korean flag carrier was also expected to take delivery of a second in late September. Debis AirFinance has also delivered an A330-300 to Thai Airways International on an 11-year operating lease, ...
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Regional take-off
Oman's local airline, Oman Air, has signed two firm orders and four options for ATR 42-500s for delivery starting in December. The new turboprops will be used to pioneer regional air services in the Gulf. Oman Air will also be acquiring two A310-300s in 1999. Source: Airline Business
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Israeli intrigue
El Al is to buy two 767-200ERs from Air France for its routes to Chicago, Hong Kong and Toronto. Israel's national carrier had initially intended to lease the two aircraft from local private carrier Arkia Israeli Airlines. The 767s will be delivered in January and March next year. Source: ...
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Single-aisle success
Iberia has converted options on two A320s into firm orders. German regional Eurowings has signed for a fourth A319. Two A319s have also been ordered by debis AirFinance. Source: Airline Business
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First for latest 737
KLM has ordered four Boeing 737-900s for delivery in 2001, becoming the first European customer for Boeing's latest 737 model. SAS has converted recently ordered 737-600s into a minimum of 12 CFM56-7-powered 737-700s and 737-800s. Source: Airline Business
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Routes
Renewed efforts to step up cooperation between Caribbean carriers could start with the joint handling, purchasing and wet leasing of cargo aircraft. The aim is to improve efficiency in one of the most fragmented air transport markets. US regional carrier Aspen Mountain Air is to restructure its route system ...
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Fare wars sting Brazil
Deregulation and resulting fare wars continue to bite hard into profits at Brazil's four main airlines, with no sign that the worst is over. Varig is blaming the fare wars for its Real $197 million ($168 million) loss reported for the first half year. This is almost triple the figure ...
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FLEET
Varig has signed for four Boeing 777-200s, 10 737-800s, four 737-700s, six 767-300ERs and has placed options for another four 777-200s and 11 737-700s. Another 777 customer is American Airlines, with 15 more 777-200ERs for delivery from March 2000. Package delivery company UPS has ordered 30 Airbus A300F4-600Rs, plus ...
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Eagle eyes all-jet fleet
American Airlines regional subsidiary American Eagle is planning to become an all-jet operation - a declaration that will put pressure on other US regionals to follow suit. American Eagle confirmed at the UK's Farnborough air show in September that it is to buy 75 Embraer RJ-135 37-seat jets. The ...
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Air India may seek equity
The efforts are on to sell the Indian Government's majority shareholdings in Air India and Indian Airlines. In September, the Disinvestment Commission drafted a detailed plan to sell the 60% stake in Air India, and finance minister Yashwanth Sinha announced the disinvestment of 51% of Indian Airlines. The commission ...
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Lease for SALE
Dubai-based Emirates has converted one option for an Airbus A330-200, adding to the 16 Rolls-Royce Trent 700-powered A330s it already has on order. The previously announced order for six A340-500s, and options for 10 more, was signed on 8 September. The airline has also said it will lease Singapore Aircraft ...
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Cost cuts lift Qantas and Air New Zealand
Cost-cutting continues to underpin strong financial performances by Australasia's two main international carriers, Qantas and Air New Zealand, while the region's third biggest carrier, Ansett, prepares radical measures to fix its cost problems. Investors remain worried by Qantas' exposure to Asia, in spite of management efforts to reduce that ...
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Asians climb out of currency crisis
Two of the flag carriers worst hit by the Asian currency collapse - Philippine Airlines and Indonesia's Garuda - have taken vital steps back from the abyss. PAL has resolved key labour problems while Garuda has renegotiated crippling US-dollar aircraft leases and gained government approval to increase domestic fares. ...
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The rouble plays Russian roulette
First it was the crisis in South East Asia. Now it is meltdown in Russia's financial system that is spreading panic in global markets. The lesson from Asia is that what may start with currency collapse swiftly and inevitably translates into damage for the real economy of production, output and ...
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A question of ownership
For all their advantages, global alliances can go only so far while the issue of foreign ownership remains unresolved US and UK negotiators sit down this month to thrash out a new open skies bilateral. They will face a barrage of pressure from anxious onlookers keen to see their interests ...
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EC faces tussles over slot sales
As US-UK open skies talks remained scheduled for early October, a clarification of the UK Government's position on the British Airways-American transatlantic alliance was awaited. In deciding how many slots the prospective alliance partners will have to relinquish at London Heathrow and Gatwick airports and whether or not they ...
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BA buys Airbus
British Airways has placed its first order with Airbus Industrie, confirming a deal for 39 A319s and 20 A320s, plus 129 options for a mix of A319s, A320s and A321s, with deliveries starting in September 1999. BA has also ordered 16 more Boeing 777-200s. Source: Airline Business
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British Airways GOes into cut-throat price battleground
Less than five months after British Airways started up its controversial low-cost operation at London Stansted, GO has sparked off what promises to be a cut-throat price war in Europe. The battle began on 7 September, the day before GO launched onto the high density London-Edinburgh route. Determined to face ...