Today's News
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Talking Point
Emission threats prove so much hot air
After all the bluster, 99 per cent of airlines have fallen meekly into line with Europe’s emissions trading scheme (ETS).
Heathrow will be reduced to a “local” airport, warns BAA chief
London’s Heathrow airport will become a “branch line” on global travel networks within 15 years unless action is taken now, BAA CEO Colin Matthews has warned.
Pain in Spain fuels IAG losses
IAG, the group which now owns bmi as well as BA and Iberia, has reported a 1Q operating loss of €249m before exceptional items - more than double the same period last year. The pre-tax loss came to €263m, compared with €47m in 2011.
Bombardier banks on CSeries after slow first quarter
Bombardier has reported a 14 per cent decrease in profit in the first quarter on a 25 per cent decrease in aerospace and transportation revenues. But CEO Pierre Beaudoin says the CSeries remains on track, and forecast an increase in overall aircraft orders by the end of the year.
Wreckage of missing Superjet 100 found
The wreckage of the Sukhoi Superjet 100, which crashed yesterday during a demonstration flight in Indonesia, has been found on Mount Salak, one mile from where it last made contact. The flight carried 47 passengers, including a team of eight Sukhoi crew, Russian embassy officials, airline executives and journalists. So far, no survivors have been found.
Finance
BOC celebrates record net profit
BOC Aviation has recorded a $201m net profit for the year ending December 31, a record high.
THAI issues THB1.5bn bond with 12-year tenor
Thai Airways International (THAI) has issued a senior unsecured bond worth THB1.5bn with 12-year tenor and interest of 4.98 per cent per annum.
Worldwide Aviation merges with Monarch Air Group
Worldwide Aviation Group has completed its merger with Ft. Lauderdale, Florida-based Monarch Air Group.
Hedging dispute overshadows Chinese airline results
Chinese airlines have been flying without insurance against fuel prices for much of this year because of a dispute with international banks, according to a report in the Financial Times.
TAP profit dives
Flag carrier TAP Air Portugal has posted a €3.1m ($4.1m) profit for 2011 as it slumped from a €62m profit in 2010.
Fleet
Jetblue and Turkish ink interline agreement
Jetblue Airways and Turkish Airlines have announced an interline agreement on flights between New York's JFK International Airport and Washington Dulles International Airport.
Air Pacific to become Fiji Airways
Air Pacific is to rebrand itself as Fiji Airways – a name it held in the 1950s. Its new name and livery will be rolled out in June 2013.
Lufthansa considers TAP buy-out
Lufthansa may bid to purchase state-owned TAP in a move that would bolster its presence in South America.
Republic in United Express talks
Republic Airways is negotiating a capacity purchase deal with United to offer regional services for the US major under its United Express brand.
Virgin initiates transatlantic calls
Virgin Atlantic is to become the first British carrier to allow its passengers to use mobile phones on aircraft in flight.
Technology
Thales to supply EVA Airways with two full-flight simulators
Thales UK has provided EVA Airways with two new RealitySeven A320 and 777-300ER Level D full flight simulators (FFS), which will form part of the airline’s training centre expansion in Taiwan.
Flightech launches maintenance management programmes
Flightech Advisory Services has launched a new maintenance management programme designed to offer short or long-term, customised aircraft maintenance management services to aircraft owners and flight departments that “do not want to be burdened by having their own maintenance department or by the cost and hassle of being under contract with a larger management company”.
Monarch Aircraft Engineering wins LOT contract
Monarch Aircraft Engineering (MAEL) has been selected by LOT Polish Airlines to provide airframe maintenance services on its fleet of eight 787s.
AFI KLM E&M signs new contract with Aigle Azur
Air France Industries KLM Engineering & Maintenance has signed a new contract with Mediterranean airline Aigle Azur to provide component support services on its fleet of A320 aircraft.
Bombardier and CAE expand ATP arrangement
Bombardier and CAE have expanded their authorised training provider (ATP) agreement with the addition of Learjet 31 and Learjet 60 full-flight simulators (FFS) to CAE’s training offering in Dallas, Texas.
People
Delta appoints Jeffrey Bernier as MD Asia Pacific
Delta Air Lines has appointed Jeffrey Bernier MD, Asia Pacific, effective May 11.
JetBlue appoints new VP of supply chain
JetBlue Airways has appointed Mary Neff VP of supply chain, effective immediately.
Air Partner appointment
British air charter company Air Partner has named Paul Argyle director of its UK Commercial Jet Division.
Elbers joins KLM board
The proposed appointment of Pieter Elbers to the KLM Management Board has been approved at the annual general meeting of KLM shareholders.
Rowe joins CATSA board
Allan Rowe has been appointed to the board of directors of the Canadian Air Transport Security Authority (CATSA) for a three-year term.
