Northwest looses $129 million in November
Northwest Airlines reported a net loss of $129 million and an operating loss of $64 million for November 2005.
2 January 2006
MAS is seaking short-term cash injection
Malaysia Airlines will introduce a rigorous and disciplined cash management programme to stop and reduce the cash-burn rate of the company, both in terms of operating cost and also capital expenditure. It also seeks avenues to secure immediate short-term cash injection and financing, including sale of assets. MAS is currently in discussion with the Government …
Gulf Air signs $75 million loan agreement
Gulf Air and Standard Chartered Bank (SCB) have finalized the terms for the provision of a three-year syndicated term loan facility of USD 75 million that will be used to finance ongoing investment and growth in 2006. The deal will be signed in early January.
Delta pilots approve new agreement
Delta Air Lines pilots ratified an interim agreement that provides for a 14 percent hourly wage reduction and reductions in other pilot pay and cost items equivalent to approximately an additional 1 percent in pilot pay. The interim agreement will result in pilot cost reductions of approximately $143 million on an annualized basis. The agreement …
dba expects to create 500 new jobs
dba, Germany will carry in 2005 40 percent more passengers than in 2004. The airline expects 2.21 million passenger in 2005. The intended capacity increase of 30% will create 500 new jobs over the next years.
World Air will add one additonal 767
World Air Holdings, Inc., parent company of World Airways and North American Airlines, has signed a letter of intent to lease an additional Boeing 767-300ER passenger aircraft for delivery to North American in December 2006. The initial lease will be for three years. The aircraft will be North American
GOL will install Blended Winglet Systems
GOL will equip its new Boeing 737-800 aircraft with Blended Winglets. GOL and Aviation Boeing Partners signed a contract in November for the delivery of 60 Blended Winglet Systems.
Ethiopian Airlines selects GEnx engine
Ethiopian Airlines has selected the General Electric GEnx engines to power its Boeing 787 Dreamliner aircraft due to enter service with the Airline from 2008. The order is for 20 engines to power the 10 aircraft and 3 spare engines.
Continental will withdraw 69 regional jets operated by ExpressJet
Continental Airlines announced that it has given notice to withdraw 69 of 274 regional jet aircraft from its capacity purchase agreement with ExpressJet Holdings, Inc. and ExpressJet Airlines, Inc. ExpressJet is currently the exclusive operator of regional jet services for Continental Airlines. Continental will request proposals from numerous regional jet operators to provide regional jet …
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Bangkok Airways aquires six A350s
Bangkok Airways decided to acquire six Airbus A350s for operation on new long range services from Thailand to Europe commencing in 2012. The airline currently operates a fleet of seventeen jet and turboprop aircraft on a network of services to destinations in Thailand and across Asia. This decision by Bangkok Airways takes total firm orders …