A group of 24 airlines based in Europe and the U.S. yesterday issued a set of common principles they claim should underlie a new OEDC Sector Understanding on Export Credits of Civil Aircraft (ASU) to ensure a “level playing field” in the arena of export financing of Boeing and Airbus airplanes. The 24 airlines, which include 15 members of the U.S.
The consolidation of the airline industry extended to the low-fare segment in dramatic fashion this morning, as Southwest Airlines announced that it has agreed to acquire all the outstanding common stock of AirTran Holdings for a combination of cash and Southwest Airlines common stock.
Ryanair chief executive Michael O’Leary is pushing for single-pilot commercial aircraft operations.
Flybe yesterday placed what will likely be the biggest regional airliner deal of the Farnborough show week, committing to buy up to 140 Embraer 175 aircraft with a potential combined value of $5 billion. The contract signed here includes 35 firm orders (worth $1.3 billion), 65 options and 40 purchase rights.
Australia’s Qantas has reached a new agreement with Boeing to advance delivery of the first of eight 787-8s it has on order to mid-2012, some two years earlier than last planned. Qantas plans to use the airplanes to expand the international route network of its Jetstar low-fare subsidiary, which expects the airplanes to arrive in a two-class, 313-seat cabin configuration.
UK carrier Easyjet is preparing to introduce a new cockpit system that could help its pilots avoid dangerous concentrations of volcanic ash. The Airborne Volcanic Object Identifier and Detector (Avoid) is a type of weather radar developed by Dr. Fred Prata of the Norwegian Institute of Air Research.
Toronto-based Porter Aviation Holdings announced this week that it has decided not to proceed with a proposed $120 million IPO due to unfavorable market conditions caused by volatility in the equity markets.
West Palm Beach, Fla.-based Greenjets said its shared-ride charter jet membership service has been growing quickly since it was launched in April last year. “Our business has been doubling or tripling every month,” company president Dean Rotchin told AIN. Greenjets allows customers to book seats and share charter jets, thereby reducing the cost and per-passenger carbon footprint for each flight.
Boeing has logged a fresh order for 20 new 777s from an unidentified customer, according to the company's latest orders and deliveries report, published May 4. All told, the company has registered net firm orders for 27 Boeing 777s during the year and cancellations for seven, four of which it listed in its May 4 report.
A new rule instituted by the Department of Transportation designed to prohibit airlines from subjecting passengers to lengthy waits on airport ramps takes effect tomorrow and will apply consistently across the entire U.S airline industry.