News from FlightGlobal – Page 2527
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Air South shakes up management
AIR SOUTH has received a much-needed cash infusion from investment banking firm Hambrecht & Quist, in exchange for new management and a one-third reduction in flights. The amount of additional capital which the struggling low-fare Columbia, South Carolina-based carrier received is not disclosed, but the investor has acquired ...
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Canada 3000 looks at long-haul types
CANADA 3000 IS IN the middle of an evaluation process for its future fleet needs, which could see it conclude acquisition agreements for new long-haul aircraft before the end of the year. The Toronto, Canada-based charter carrier operates a fleet of leased Airbus A320s and Boeing 757s on ...
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World departs from schedule to focus on core businesses
Ramon Lopez/WASHINGTON DC WORLD AIRWAYS is departing entirely from scheduled-airline operations, having already decided to phase out unprofitable scheduled charter flights to Europe. The US carrier now says that it is terminating scheduled flights from New York to Tel Aviv and Johannesburg. World Airways will operate ...
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Taiwanese lessor revealed as MD-90 customer
HWA-HSIA LEASING, a Taiwan-based leasing company, has been named as the previously unidentified buyer of MD-90s revealed in July by McDonnell Douglas (MDC). The first three MD-90s on firm order will be delivered in August, September and October of 1998. Follow-on orders, "contingent on final agreements and approvals ...
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Air charter swaps
Air France subsidiary Air Charter is to take over the Spanish routes formerly operated by Air Inter (now Air France Europe) later this year, flying daily scheduled services from Paris to Malaga, Palma and Seville. Air France Europe abandoned the routes this year to save money. Source: Flight ...
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Tracking down spare parts
Airline outsourcing is hardly front-page news, but most spares-suppliers welcome the attention. Some spare-parts companies are enjoying growth Karen Walker/ATLANTA THE AIRCRAFT spare-parts industry is unsure of itself. At the same time as some companies are enjoying growth, others face uncertain futures. New regulations around ...
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United to dedicate fleet to shuttle division
SHUTTLE BY UNITED, THE US airline's low-cost division set up in October 1994, will operate a dedicated fleet of 45 Boeing 737s from next March. The division's 23 134-seat 737-300s and 22 116-seat 737-500s will have new interior layouts, with galleys replaced by eight economy seats and new galley equipment. ...
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Aiming for the top
Phillipine Airlines is being revamped in a determined effort to polish its tarnished image Paul Lewis/MANILA For many years Phillipine Airlines (PAL) had the reputation of being a carrier with a problem. A series of soap-opera-type shareholder battles for control, a geriatric fleet of aircraft, poor punctuality ...
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New chairman aims to begin rapid shake-up plan at BWIA
Max Kingsley-Jones/LONDON NEW BWIA International chief executive Gilles Filiatreault is to present to a meeting of the main board on 16 August a new strategy for the Caribbean carrier, just 11 days after his appointment was made public. BWIA announced the elevation of the former ...
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Indian courts resolve Skyline leasing wrangle
Andrew Chuter/LONDON US LEASING COMPANY PLM International has failed in a legal action to have Indian carrier Skyline NEPC, return two Boeing 737-200s, which it has on lease. The Bombay court has ordered the airline to pay arrears, which have accrued from non-payment of leases since late ...
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Business Express attracts interest, despite bankruptcy
SAAB AIRCRAFT, which forced Business Express into bankruptcy court early this year over a $20 million debt, "-has been approached by parties interested in taking over the regional airline", says Michael Magnusson, Saab's senior US-based sales executive. "We are confident that someone will take it over. A couple ...
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American attacks United's 'hypocrisy'
AMERICAN AIRLINES (AA) says that rival carrier United Airlines is "hypocritical and unprincipled" in its position on international airline alliances. The airline's comments were contained in a Department of Transportation filing over United's request for anti-trust immunity to allow it to pursue a marketing pact with Air Canada. ...
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IATA plans trial flights over North Korea
Paul Lewis/SINGAPORE THE INTERNATIONAL Air Transport Association (IATA) expects to conduct the first trials of international flights through North Korean airspace by October, following agreement with Pyongyang to open up its flight-information region (FIR). IATA hopes that the proving flights will lead to new air ...
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TAM to buy LAPSA
Fast-growing Brazilian domestic carrier TAM is to take over Paraguayan airline Lapsa, allowing it to start international operations. The acquisition, which is due to go ahead by September, will allow TAM to operate on routes to the USA and Europe as well as within South America from the base in ...
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KLM suffers setback as costs increase
KLM has worried financial markets with an unexpectedly poor set of first-quarter figures, revealing a steep rise in costs and further bad news from its cargo operations. Attention has focused on a drop in the Dutch carrier's operating profits, which slumped by half over the quarter to the end of ...
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FBI agents raid SabreTech premises
US FEDERAL BUREAU of Investigation (FBI) agents have raided Miami-based SabreTech, maintenance contractor to ValuJet and alleged to be implicated in the cause of the 11 May crash, seizing company documents. FBI officials will not discuss the reasons for the search. Meanwhile, Lewis Jordan, president of grounded ValuJet, ...
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Leaked figures lead to suspension of Lauda Air shares
Shares in Lauda Air were suspended on the Vienna stock exchange after a bank official prematurely released first-half financial figures showing a sharp increase in first-half losses. Following the leak on 6 August, shareholders fought to sell off Lauda shares ahead of the official announcement, which was brought ...
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Lufthansa Technik warns against maintenance monopoly dangers
Andrzej Jeziorski/MUNICH LUFTHANSA TECHNIK (LHT) chairman Wolfgang Mayrhuber has criticised manufacturers which offer their own maintenance packages for aircraft and aero engines. LHT says that aircraft and engine manufacturers are increasingly attempting to "-elbow their way" into the maintenance and overhaul market and restrict current ...
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PW4090 flight-test programme starts on first Boeing 777
PRATT & Whitney's 400kN (90,000lb)-thrust PW4090 engine has entered a five-month flight-test programme on the first Boeing 777 aircraft, WA001. The engine will power 777-200IGW versions on order from Korean Air and United Airlines, the first of which will enter service in March 1997. The engine is an ...
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Delta launches low-cost Express from Florida base
Karen Walker/ATLANTA DELTA AIRLINES has entered the low-fare market with the launch of Delta Express, a single-class service providing non-stop flights between Florida and cities in the mid-western and north-eastern USA. Services, using a dedicated fleet of 25 Boeing 737-200s, will begin on 1 October ...