Independence Air reaches tentative agreement with aircraft mechanics and flight attendants

FLYi, Inc., parent of Independence Air, which had previously filed for chapter 11, has reached a tentative agreement with the Aircraft Mechanics Fraternal Association (AMFA) that would enact new wage rates and work rules for Independence Air mechanics. The company and AMFA have been negotiating, under supervision of the National Mediation Board, since June 2002. The agreement is subject to membership ratification, as part of a process that will begin shortly. The company also reached agreement with the Association of Flight Attendants-Communication Workers of America (AFA-CWA) to changes in pay rates and work rules, subject to membership ratification. The agreement Read more

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Air Canada signed contract for up to 96 Boeing 777s and 787 Dreamliners

Air Canadasigned a contract with Boeing to upgrade the airline’s fleet with up to 36 Boeing 777s and 60 Boeing 787 Dreamliners. The conclusion of the order comes six months after the airline announced a widebody fleet renewal plan, subject to a number of conditions. As with the previous agreement, announced in April, the new contract with Air Canada includes firm orders for 18 777s, plus purchase rights for 18 more, in a yet-to-be-determined mix of the 777 family’s newest models: the 777-300ER, the 777-200LR Worldliner and the newly announced 777 Freighter. Air Canada ‘s new 777 deliveries will begin Read more

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ST Aerospace awarded contract by China United Airlines

Singapore Technologies Aerospace Ltd (ST Aerospace), the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering), today announced that its wholly owned subsidiary, ST Aerospace Supplies, was awarded a contract by Chinese airline, China United Airlines. The agreement, worth US$9 million (about S$15 million), involves components management and maintenance support for China United Airlines’ fleet of 3 Boeing 737 aircraft over five years. To date, ST Aerospace has been awarded component support programmes by four of China’s emerging airlines.

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Singapore Airlines will use "Integrated Maintenance Solution" from Boeing

Boeing and Singapore Airlines signed a maintenance agreement to reduce the airline’s operating costs. Boeing will manage the airline’s total expendable spare parts inventory as well as provide a means to monitor the health of its airplanes in flight. Singapore Airlines is the first to sign for this integrated maintenance solution, which combines Boeing’s Integrated Materials Management (IMM) and Airplane Health Management (AHM). Through IMM, Boeing will be responsible for purchasing, inventory management and logistics for Singapore Airlines total expendable aircraft parts. Through AHM, Boeing will provide real-time airplane information to reduce schedule interruptions and increase maintenance efficiency.

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Boeing projects $770 billion market for new airplanes in Asia-Pacific.

Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes. With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific’s fleet will nearly triple to about 8,600 airplanes by the end of the forecast period. Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Boeing 737 will be the largest category Read more

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Japan Airlines expects 47 billion yen loss in FY2006

Japan Airlines Corporation reported for the half year ending September 30, 2005 total operating revenues of 1,112.3 billion yen, up 3.4% on the same period last year. Operating costs were 1,096.5 billion yen (10.9% up on last year), resulting in half year operating income of 15.7 billion yen. Ordinary income was 9.7 billion yen and the first half net loss was 12 billion yen. The airline expects to post a 47 billion yen loss for the FY2006 ending March 31, 2006.

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