US Airways is the first U.S. international carrier to outsource Unit Load Device (ULD) management in a sale and leaseback deal that furnishes ownership and administration of the airline’s ULD fleet to Jettainer GmbH. As part of its corporate cost-savings initiatives, US Airways has transferred its entire fleet of air cargo and passenger flight containers and pallets to Jettainer. Jettainer will manage the airline’s entire ULD operations for a monthly fee which covers ULD supply chain management services including order management, repair and maintenance, tracking and tracing, account management and other fleet administration services. Jettainer is expected to save US Read more
the new US Airways Group reported a third quarter 2005 net loss of $87 million, compared to a net loss of $29 million for the same period last year. The Company’s third quarter 2005 results include a number of special charges primarily due to merger-related aircraft transactions. Excluding special items, the Company reported third quarter 2005 consolidated net loss of $23 million. This is the first consolidated quarterly result since the merge of America West and US Airways.
Boeing is set to make aviation history on November 9, 2005 when a Boeing 777-200LR Worldliner takes off from Hong Kong flying eastbound to London, attempting to set a world distance record. The 777-200LR (Longer Range) will take off with a full load of fuel and 35 passengers and crew, flying nonstop on a route that is likely to exceed a distance of more than halfway around the world.
Singapore Technologies Aerospace Ltd (ST Aerospace) announced that its US facility, ST Mobile Aerospace Engineering (MAE), has been awarded a contract by the New Zealand Ministry of Defence. The contract, worth US$38m (approximately S$65m), involves a cargo conversion and avionics upgrade programme for two of the Royal New Zealand Air Force’s (RNZAF) Boeing 757-200 aircraft. Targeting to induct the first aircraft in October 2006, MAE will convert the aircraft from an all passenger arrangement to a multi-role configuration that allows the carriage of passenger, freight, mixed passenger-freight, Very-Important-Persons (VIPs) and Aero-Medical Evacuation. Completion of the programme is expected to take Read more
China Aviation Industry Corporation (AVIC 1) and Airbus confirmed the extension of their cooperation in activities to produce A320 Family wing boxes in China. The protocol refers to the initial contract, with a projected total value of over US$ 500 million, signed in Beijing earlier this year between Airbus and AVIC 1, which committed the parties to the third phase of the A320 Family Wing Cooperation Programme, comprising the production of wing boxes and now also including the management of a second tier supply chain. It represents further significant progress in Airbus
The SAS Group reported a net income of MSEK 529 (1994 = MSEK 133) for the third quarter and MSEK 57 (1994 = MSEK -1,094) for the nine-month period ending September 2005. The new business model in Europe and within Scandinavia, with one-way fares and simplified rules increased both the number of sold tickets and the cabin factor increased. The SAS Group is expects to gain market share. As the number of low-fare tickets increases, yield will be negatively affected in the future but this is expected to be compensated by higher volumes.
Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth in both the medium and long term. Dermot Mannion, Chief Executive, Aer Lingus said, “This appointment of our corporate advisors comes as discussions on the privatisation process are now entering a critical phase. Merrion Capital and Goldman Sachs will begin their work immediately”.