PIA orders ATR aicraft
PIA signed an agreement with ATR for the purchase of seven new ATR 42-500. The total value of the contract is approximately US $100 million.
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U.S. Department of Transportation proposed new foreign ownership rules
The U.S. Department of Transportation proposed new rules to help US airlines to raise foreign money. U.S. airlines would have more opportunities to obtain financing from investors under a new rule announced today by U.S. Secretary of Transportation Norman Y. Mineta. The proposed rule would allow international investors more say in some aspects of airline
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WestJet's third quarter earnings increase 43%
WestJet, Canada announced its 2005 third quarter results with net earnings up 43.6% to CDN$30.3 million compared to CDN$21.1 million achieved during the same period last year. In the first nine months of 2005, the airline achieved net earnings of CDN$23.0 million compared to CDN$29.1 million during the first nine months of 2004. Operating revenue
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CAE's revenues increased by 19%
CAE today reported financial results for the second quarter ended September 30, 2005. Earnings from continuing operations were $17.8 million, or $0.07 per share, which compares to second-quarter earnings of $12.8 million or $0.05 per share in the prior fiscal year. All financial information is in Canadian dollars. Excluding non-recurring items, earnings from continuing operations
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Northwest still hopes to reach out of court agreement with unions
Northwest Airlines filed an 1113(c) motion with the bankruptcy court on October 12 to secure labor cost savings if the company and its unions do not achieve consensual agreements (as previously reported).Northwest has been in discussions with The Air Lines Pilots Association (ALPA), The International Association of Machinists and Workers (IAM), and The Professional Flight
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Lufthansa Technik to maintain Airbus A320 fleet for Star Flyer
Star Flyer, Japan selected Lufthansa Technik to take on the major share of the maintenance program for its new Airbus A320 fleet. This is the first time that an Asian airline has entered into a Total Technical Support TTS
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Willis Lease signed engine support agreement with Wizz Air
Wizz Air, Hungary signed an eight year engine lease support deal with California based Willis Lease. Wizz Air A320 powered by V2500 engines. Wizz Air expects to grow the fleet to 25-30 aircraft over the next 3-5 years.
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GULF AIR launches e-TICKETING
Gulf Air has launched electronic ticketing for passengers travelling on any Gulf Air flight between Bahrain, London, Singapore and Sydney and is being rolled out across the remainder of its network gradually.
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Boeing and Ariana Team Up for Airline's Renewal
Ariana Afghan Airlines and Boeing have finalized a fleet renewal plan that includes the lease of two 757-200s from Boeing Capital Corporation, as well as the direct purchase of four Next-Generation 737-700 airplanes that the airline will receive beginning in 2009. The agreement also includes an advanced training package for Ariana’s flight and cabin crews
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