Further delays of 787 aircraft »
stomers are still interested in buying the last three of six 787 test jets, so Boeing doesn’t expect to have to take another charge against those planes, Bell said. The company took a $2.5 billion charge a year ago after determining that the first three jets had no commercial value because of all the modifications that had to be done during the development and testing process.
Share on FacebookFAA proposes $24.2 million fine against AA »
TheExaminer.com reports that The Federal Aviation Administration yesterday proposed a huge civil penalty of $24.2 million against American Airlines for maintenance violations involving its fleet ofMD-80 aircraft. The FAA charged that American failed to correctly follow an Airworthiness Directive (AD) from 2006 requiring inspection of wire bundles that are located in the wheel wells of the aircraft. Corrective [...]
Share on FacebookAer Arann with given a lifeline »
The Irish based airline has been given a lifeline in form of credit by Irish bank, Allied Irish Banks. AER Arann would have gone to the wall last week with the almost immediate loss of over 300 jobs had it not been thrown a !1m lifeline by its biggest creditor, the Sunday Independent can reveal. [...]
Share on FacebookSouthwest to start Newark flights »
The Arizona Republic reports that Southwest Airlines announced Friday that it plans to start serving Newark, N.J., in March, its second major airport in the New York metropolitan area. The Dallas-based carrier, which shunned congested East Coast airports until 2009, did not release details on which cities it would serve from Newark or how many daily [...]
Share on FacebookVirgin Blue returns to profit »
Australian budget airline Virgin Blue reported a return to profit Thursday, reversing a A$160 million (US$140 million) loss to net profit of A$21 million, but warned of ongoing volatility. The no-frills carrier slashed its earnings outlook in half in late May to between 20 and 40 million dollars, following renewed economic turbulence and a slump [...]
Share on FacebookJAL looks to launch new no-frills airline »
The Yomiuri Shimbun reports that Japan Airlines, which is undergoing state-supervised rehabilitation, is considering establishing a low-cost carrier to assist its financial recovery. Sources said the Enterprise Turnaround Initiative Corporation and JAL are likely to incorporate the idea in a rehabilitation plan to be submitted to the Supreme Court on Tuesday. The low-cost carrier business model, [...]
Share on FacebookUnited Continental merger goes ahead »
The merger of giant US carriers United and Continental moved a step closer after the US Justice Department gave the deal clearance for takeoff.
Share on FacebookBoeing, Airbus weigh up short travel »
Boeing estimates that global demand for single-aisle aircraft – the sort of planes used by Ryanair and easyJet – will be 21,160 in the coming two decades, worth about $US1.7 trillion ($1.9 trillion).
Share on FacebookUnited and Continental airlines begin to rebrand »
United and Continental merger has one interesting outcome – the color and logo on its planes. The LA Timesreports that it is no way similar to a wedding – some want the new, others are happy with the old. United and Continental airlines aren’t yet officially hitched, but some are already grumbling about the monogram they’ve [...]
Share on FacebookSama Airlines suspends operations, hopes for ‘financial solution’ »
In addition, the LCC “sought for, and found, more than one equity investor willing to inject cash into the business.” But the deal was unable to be completed “in the required timeframe,”
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