Tough economic times are resulting in innovations by carriers in the Asia Pacific region looking beyond traditional business models through strategic realignments and new product offerings. Recent ground-breaking deals include Virgin Australia selling a 10-percent stake to Singapore Airlines (SIA) and buying 60 percent of Tiger Airways; the new partnership between Emirates Airline and Qantas; and Etihad Airways purchasing a 10-percent stake in Virgin Australia.
A “comprehensive” plan unveiled Friday by International Airlines Group (IAG) to save its Iberia subsidiary from financial ruin calls for the company to cut 4,500 jobs, cut network capacity next year by 15 percent and eliminate 25 airplanes from the fleet.
The FAA wants to penalize US Airways $354,500 for operating a Boeing 757 on 916 revenue flights between August 3 and Dec. 3, 2010, when it was not in compliance with Federal Aviation Regulations. The FAA alleges that US Airways removed and replaced a leaking engine fuel pump on the aircraft on Aug. 3, 2010, and that the carrier failed to carry out FAA-required tests and inspections before returning the aircraft to revenue service. US Airways has 30 days to respond to the agency.
The outspoken chief executive of Qatar Airways, an increasingly influential player in the world airline market, blamed the long-running battle over airline participation in Europe’s emissions trading scheme (ETS) on the former leader of the association that represents world airlines.
British Airways Engineering has entered into a partnership with the University of Glamorgan to offer a bachelor’s degree in aircraft maintenance engineering. The partnership will see University of Glamorgan students receive a B.S. degree in aircraft maintenance engineering, having also completed the industry-standard EASA Part 66 training under British Airways’ certification license.
Talks between US Airways and AMR over a possible merger involving bankrupt AMR subsidiary American Airlines have reached a formal stage, with the two companies beginning to exchange “certain confidential information” under the terms of a nondisclosure agreement signed August 31.
AMR, American Airlines’ parent company, succeeded in its second effort to void its contract with the Allied Pilots Association Tuesday afternoon, when, in a ruling in U.S. bankruptcy court in New York, Judge Sean Lane rejected the union’s contention that American Airlines’ financial condition had improved enough since its Chapter 11 filing last November to avoid the measure.
The European Commission’s August 29 decision to launch a full probe into Ryanair’s proposed takeover of Aer Lingus appears to mean that all bets are off in terms of the long-term ownership of the Irish flag carrier. Under stock market rules, Ryanair’s bid for a majority stake in Aer Lingus automatically expired with the move by regulators, who believe the resulting merger would prove anti-competitive.
A British court on July 26 upheld a 2009 regulatory ruling against the British Airport Authority (BAA), which means that the company must sell Stansted Airport (EGSS). The BAA decided to fight the forced sale in court after the 2009 decision.
Brooklands Museum in Weybridge, a few short miles from Farnborough not only has a Concorde (G-BBDG) but it has also reassembled and refurbished the simulator that British Airways used to train pilots on the iconic supersonic aircraft. AIN went to find more about the “Brooklands Concorde Experience” before the show.