News from FlightGlobal – Page 2432
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Prospect of sell-off looms for Air Niugini
Papua New Guinea's incoming finance minister Roy Yaki has confirmed that the Government is "seriously looking" at privatising Air Niugini, which he describes as being in "a dire financial situation", and surviving on "daily cash takings". He also confirms reports that the previous PNG Government had "-received a ...
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Chinese airlines propose flotations
China Eastern Airlines and China Southern Airlines are each planning to sell additional shares on the domestic Shanghai exchange, following their successful initial public offers in Hong Kong and New York. Shanghai-based China Eastern plans to sell shares representing around 6.5% of the airline to Chinese investors, raising ...
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Prime suspect
Boeing says that it may be late delivering some aircraft this year, because neither it nor its suppliers can keep up with its delivery schedule. Rolls-Royce says that its results are not as good as they should have been because it is working too much overtime and because its suppliers ...
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Boeing fights to stay on schedule
Guy Norris/LOSANGELES Boeing is temporarily transferring "several hundred" assembly workers from the 767 line to the adjacent 747 line as part of an effort to stave off impending delivery delays, which may result in the late handover of at least one of each model this year. ...
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easyJet considers new 737 and A320 in fleet-expansion plans
easyJet has expanded its plans for the acquisition of new Boeing 737s, and is now considering the Next Generation -700, as well as an offer of A320s from Airbus. The company is in final negotiations and says that a firm order should be placed soon. The Luton, UK-based ...
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SASCommuter confirms selection of 15 Dash-8 400s
SASCOMMUTER confirms that it plans to sign a $350 million deal for 15 Bombardier de Havilland Dash 8-400 turboprops, plus 18 options, representing the largest single order to date for the Canadian manufacturer's new high-speed 70-seat aircraft. The Dash 8-400 selection will fill a gap between the mainline ...
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Swissair and Lufthansa study 747 replacements
Airbus could land two more prestige customers for its A340-600 later this year, as Swissair and Lufthansa examine the aircraft to replace their Boeing 747 "Classic" ßeets. Swissair says that it expects to make a decision on the long-term future of its 747-300 ßeet by the year-end. The Ìve aircraft ...
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Global Aircraft puts flexible propeller under test
A flexible self-optimising propeller which combines the advantages of fixed-pitch and constant-speed units is being tested by US firm Global Aircraft of Starkville, Mississippi. Production of the Quasi-Constant-Speed (QCS) propeller, priced at $3,500, is set to start this month, initially aimed at experimental aircraft. Production of units certificated for general-aviation ...
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More codes
Canadian and American Airlines will extend their codeshare agreement to UK and Central American routes from 1 November. Canadian's codes will appear on American's services from Chicago to Birmingham and Manchester and on its flights from Los Angeles to Guadalajara, Guatemala City, San Salvador, and San Jose. ...
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Appointments
Royal Brunei Airlines has appointed Pg All bin Haji Ahmad as director of corporate affairs, Haji Yahya Cheman as director of customer services, George Tan as director of sales, and Brian Johnson as director of technical services. Don Washburn has been named executive vice president flight operations at ...
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Aircraft news
United Airlines has ordered eight Boeing 767-300s, with four deliveries in 1998, one in 1999 and three in 2000. Air Canada has ordered five Airbus A330-300s and three A340-300s, plus 20 options, with deliveries starting in October 1999. Brit Air has ordered two Bombardier RJ 100s, ...
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Suppliers
Galileo International's initial public offering on the New York Stock Exchange raised US$784 million, giving the company a market value of $2.45 billion. Galileo acquired the Traviswiss distribution company for $8 million in July. The Sabre Group is to install its passenger reservation, yield management, passenger control, frequent ...
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Mexican mix
Swissair was due to start a daily codeshare service with Aéromexico on 12 August to Mexico City. The flight will operate from Zürich and Geneva via New York, and via Atlanta from the winter season. Source: Airline Business
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PIA scraps sale
Pakistan International Airlines has shelved its planned partial privatisation. Instead the airline will look to tap the capital markets to fund restructuring and fleet renewal - PIA is looking at replacing its long-haul fleet. The airline also plans to cut costs by 20 per cent by the end of the ...
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Together we stand
As the major airline alliance groups begin to solidify, they are becoming more controversial than ever. This table reveals the truth behind the groups which seek to dominate the airline industry. The Star Alliance is well on the way to being the largest alliance group. Once Varig joins in October, ...
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Marginal gains
Given the usual distortions caused by special items, from restructuring costs to investment write-downs, all summaries of airline profitability have to be read carefully. The overall impression from this year's Airline Business 100 is that 1996 was a great year for some, but others have a long way to go ...
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Ins and outs
Five major airlines were unable to provide 1996 revenue figures, and they have been eliminated from the main Airline Business 100 list because it is unrealistic to attempt to estimate revenues for several years in a row. Had data been available, Garuda's revenues of around $2 billion would ...
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Traffic leaders
Last year was another relatively strong year for growth. The 100 largest airlines achieved a 5.3 per cent increase in passenger numbers, but as average journey distances increased revenue passenger km jumped by 8.7 per cent. A disappointing freight performance held the growth in total tonne km back to 6.5 ...
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Time to measure up
The airport industry has been caught up in the trend towards benchmarking and should accept performance indicators as a valuable source of information to both managers and investors, argues Peter Mackenzie-Williams. Airports beware. In many business fields managers have for some time increasingly been seeking to compare the performance ...
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Hell for leather
American Airlines is pushing alliance logic to the limit, leaving its rivals howling in protest and regulators perplexed at the issues of hub and market dominance that have been brought to the forefront. Karen Walker reports.Mention the word 'alliance' in the same sentence as 'American Airlines' and you might as ...