After failing to reach an agreement with striking engineers and pilots who have not been paid since March this year, India’s Kingfisher Airlines has effectively grounded itself until at least October 12 by locking out staff. Kingfisher’s management, led by owner Vijay Mallya, is trying to renegotiate some $2.49 billion in debt with creditors while it struggles with serious cash-flow problems, evidenced by $1.9 billion in losses for the first half of this year.
AIN Air Transport Perspective » October 8, 2012
Ireland-based aircraft lessor Avolon is speaking out against what it characterizes as irresponsible speculation that the economic life of modern airliners has been significantly reduced by the dismantling (for parts) of a number of relatively young aircraft, such as the Airbus A318. In an October 2 webcast, Avolon CEO Domhnal Slattery and head of strategy Dick Forsberg presented the results of a study drawing on raw fleet data provided by consultancy Ascend, combined with its own 10-year projections.
The director of Lockheed Martin’s En route Automation Modernization (Eram) program has said the system’s deployment across the U.S. is on schedule and on budget since the FAA recalculated, or “rebaselined,” its cost and schedule in June last year.
The European Union’s so-called safety blacklist, which bans carriers from specified countries deemed to have inadequate safety regulation standards, has been condemned as “misguided” by Tony Tyler, director general and CEO of the International Air Transport Association (IATA). During last month’s Central Asian summit on aviation safety, Tyler highlighted the bans on summit host Kazakhstan and its neighbor Kyrgyzstan. Carriers from these countries are banned from operating in EU airspace, with the partial exception of Kazakhstan’s Air Astana, which can operate only some of its fleet.
Bauhaus Luftfahrt, a Germany-based aerospace think tank, has outlined its vision of an electrically powered, emission-free airliner–relying on batteries–that it believes could be in service by 2035. The most obvious aspect of the design is a C-shaped wing for greater lift. Another major feature is the use of superconductivity for better power transmission and greater motor power density.
AIN Air Transport Perspective is AIN’s e-newsletter focused on the air transport industry. It is distributed once a week and is FREE to all subscribers. Simply fill out the subscription form, which is accessed by clicking on the button below. You can also use this button to update your current account information.