News from FlightGlobal – Page 2383
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News
GE counts the cost of dropping growth GE90, but still profits
Kevin O'Toole/LONDON General Electric has revealed the cost of abandoning its growth plans for the GE90 turbofan, writing off $275 million. The GE aircraft engine business, buoyed by its growing services arm, still managed to outperform its main rivals in profit margins. GE revealed at the end of last year ...
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Heads roll after massive JAL write-off
Andrew Mollet/TOKYO Further senior management casualties are in prospect at Japan Airlines (JAL) after the airline's announcement that it is to draw on its reserves to the tune of about ´155 billion ($1.2 billion) to write off accumulated losses. The company's president has already agreed to go. The write-offs, which ...
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India's Jet establishes offshore offshoot to pay for 737s
A special offshore company in the Cayman Islands has been set up by growing Indian domestic airline Jet Airways to handle the finance for the 10 Boeing 737s it has on order. The $325 million hire purchase deal, largely underwritten by the US Exim export credit bank, is being arranged ...
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Pan Am left at altar...again
Ramon Lopez/WASHINGTON DC Pan American World Airways is determining whether to drop efforts to resume scheduled airline services in favour of re-organising its operations as a scaled down charter carrier after two potential rescue bids were withdrawn. Pan Am terminated its scheduled flights when it filed for bankruptcy ...
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Pay as you go
Once again there are plans on the table to replace the US ticket tax. There are even hopes that, this time around, the US Federal Aviation Administration will actually be able to see them into law. It is not before time. The US Congress, the FAA and the airline ...
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Definitely maybe
Max Kingsley-Jones/SINGAPORE Airbus Industrie may have just allowed its A3XX high capacity airliner programme to slip by almost a year, but it remains committed to the initiative to provide a European alternative to Boeing's long term monopoly of the market. There are hurdles to cross during 1998, however, before Airbus ...
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Widening the franchise
Kevin O'Toole/LONDON When Cityflyer Express first signed up as a British Airways franchisee in the middle of 1993, it was something of an experiment for both carriers. Five years later the formula appears to be working. When BA hosts fifth anniversary celebrations in July, it will do so with nine ...
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Alitalia gears up for renewal of long haul fleet
Alitalia's board has approved the lease of three more Boeing 767s in what is understood to be an interim measure as the carrier develops a full blown competition for a long haul fleet renewal plan. The Airbus A330/ A340 and Boeing 777 families are in the contest. The airline ...
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Aerospatiale defines future common Airbus flightdeck
Ian Sheppard TOULOUSE Airbus Industrie partner Aerospatiale has launched a major product improvement programme to develop a retrofittable, "freeflight" ready common flightdeck. Also included will be a switch to flat panel liquid crystal displays. The upgraded Airbus flightdeck will be designed for the A320/ A330/A340 range and future ...
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Mercury Systems introduces real time crew scheduling
Mercury Scheduling Systems is to release the "Beta" version of its Magellan airline management system to its launch customers at the end of this month. The new software allows real-time management of crew scheduling for the first time, claims the company, giving airlines a dynamic picture of their operations. ...
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Open skies hostility
Kevin O'Toole/LONDON The tussle between the European Commission (EC) and the member states over who has the right to negotiate transatlantic air agreements has just become more interesting. In the words of one Brussels insider, it is shaping up as one of Europe's "big political games". Legal threats are ...
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Air Belgium to switch from 737s to A320s
Air Belgium is to roll over its CFM International CFM56-powered Boeing 737 fleet and replace them with Airbus Industrie A320s by 1999. The move comes as part of the take-over by Airtours of the Belgian charter airline's tour operator parent, Sunair. The UK tour operator has purchased an 80% ...
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Air Liberte incorporates TAT and relaunches
Julian Moxon/PARIS French independent carrier Air Liberté has completed the absorption of TAT and has launched a strategy aimed at consolidating its place as France's second largest domestic airline. Fifteen months after Air Liberté was rescued from bankruptcy by British Airways (which owns 70% of the airline), its ...
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Air Nostrum selects CRJ for expansion
Air Nostrum has selected the Canadair Regional Jet (CRJ) for its fleet expansion and concluded a deal with Bombardier for up to ten aircraft. The Spanish regional airline, based in Valencia, has placed a firm order worth C$153.5 million ($108 million) for five CRJ-200ERs, with options on a further ...
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Pilots voice concern over BA's plans for AML 777 flights
Kevin O'Toole/LONDON British Airways' plans to use its low cost Airline Management (AML)affiliate to take over new long haul services from London Gatwick next year using Boeing 777s is raising concerns at the British Air Lines Pilots Association (BALPA). AML began flights early in 1997 using BA crews and a ...
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SIA defers Boeing orders and admits more cuts may follow
Paul Lewis/SINGAPORE Asia's economic crisis has finally begun to hit one of the region's sturdier blue chip carriers, Singapore Airlines (SIA), which is slipping delivery of four of its Boeing 747-400 and 777 orders. Meanwhile, Philippines Airlines (PAL) is to defer delivery of three Airbus A320 and two more ...
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TWA raises fresh cash as 747 flights end
Trans World Airlines has completed its latest $150 million private debt placement. At the same time, TWA completed another phase of its fleet renewal programme with the phasing out on 20 February of its last Boeing 747 (above), after 28 years.Source: Flight International
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Cathay Pacific and Korean results plummet
Asia-Pacific's flag carriers have begun to reveal the extent of damage done to their finances by the region's economic crisis, led by Cathay Pacific Airways showing profits cut in half and Korean Air (KAL) nursing a record loss. Cathay, which has suffered a massive downturn in traffic, saw net profits ...
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El Al turns to Airbus to solve temporary crisis
El Al is in discussions to acquire its first Airbus aircraft, three months after deciding against an Airbus narrowbody purchase, instead selecting the Next Generation Boeing 737. The Israeli national airline, which operates an all-Boeing fleet, is in negotiations to lease two Airbus A330-200s for at least two years. ...
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Marketplace
-American Eagle has taken delivery of the first of 42 Embraer RJ-145s, and plans to begin regional jet services from Chicago O'Hare in May. The airline will receive the 50-seat ERJ-145s at a rate of two a month until mid-1999. -TAM's component of the massive Latin American Airbus order ...