Cathay Pacific places its largest New Aircraft Orders

Cathay Pacific Airways placed its biggest ever order for new aircraft to grow the airline, modernise and expand its fleet and continue to strengthen Hong Kong as a global aviation hub. The airline has made commitments for 16 advanced wide-body Boeing 777-300ER aircraft with purchase rights for 20 more. It also made commitments to acquire three Airbus A330-300s to operate regional routes. The 777-300ER

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Embraer airliners have been granted a common type rating

Embraer announced that the EMBRAER170, EMBRAER 175 and EMBRAER 190 airliners have been granted a common type rating after a joint evaluation by the aeronautical authorities of Brazil, the United States, Canada and Europe. The common type rating allows Embraer aircraft operators to significantly reduce pilot training and crew qualification costs. For flight crewmembers transitioning from one model to the other, familiarization with the new aircraft variant can be achieved through selfinstruction, requiring no computer-based courses, ground school or additional use of flight simulators. The evaluation, which concluded that the aircraft are functionally equivalent variants, was carried out through an Read more

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British Airways plans a reduction of 35% in management staff

British Airways announced plans to re-structure its business with a 35 per cent reduction in the number of its 1,715 managers by March 2008. The figure comprises a 50 per cent reduction in senior managers, from 414 jobs to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs to 911 jobs. This brings the total number of job cuts to 597. Willie Walsh, chief executive, said: “I said when we reported our second quarter financial results last month that our costs were up in most areas and that, as a result, we need to re-energise Read more

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Bombardier shows 3rd Quarter profitable Financial Results

Bombardier announced a profitable third quarter amidst continued challenging aerospace industry conditions. With four of its airline customers under bankruptcy protection, the Corporation nevertheless reported earnings before income taxes from continuing operations (EBT) before special items of $27 million. -Consolidated revenues of $3.3 billion USD -EBT before special items of $27 million USD -Free cash flow of $125 million, an improvement of $277 million USD -Cash and cash equivalents of $2.5 billion USD -Major increases of 71% in business aircraft deliveries and 43% in net orders -150th Global aircraft enters into service -New order intake totalling $2.1 billion USD at Read more

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Quantas to increase number of services to New York

Qantas announced that it would increase the number of services it operates to New York from three to five per week from 27 February 2006. The Executive General Manager of Qantas, Mr John Borghetti, said the addition of two extra services each week, operating from Sydney via Los Angeles, would provide customers with additional choices for travel to New York. “In particular, it will provide Australian businesses with better access to markets on the US East Coast.”

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Malaysia Airlines Reports Second Quarter Loss

Malaysia Airlines released its second quarter results for the period ending September 2005, reporting a net loss of RM367.7 million. With the loss of RM280.7 million reported for the first quarter, the net loss for the six months is RM648.4 million. The second quarter loss was primarily attributable to continuing high fuel prices. Fuel costs rose by 45% to RM1.2 billion, a significant rise from RM799 million for the second quarter of 2004. Other contributing factors included staff cost, handling and landing fees, aircraft and maintenance and overhaul charges and WAU charges and leases.

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