The European Commission will require oneworld partners British Airways, American Airlines and Iberia to surrender slots in order to gain clearance for their transatlantic alliance, the Financial Times reported, citing documents saying the joint venture is "likely to result in appreciable competitive harm" on seven Europe-US routes.
The Japanese government and Japan Airlines reportedly will unveil a new turnaround plan for the troubled carrier later this week that will include slashing 13,000 jobs and giving a new government-backed agency control over JAL's restructuring process.
US FAA is investigating American Airlines' maintenance of MD-80s, The Wall Street Journal reported, citing preliminary agency findings that "have identified as many as 16 [AA MD-80s] that were operated for months despite allegedly substandard bulkhead repairs."
Air Niugini, the Papua New Guinea flag carrier, placed a firm order for two Q400 NextGen turboprops valued at $92 million plus one option.
"The Q400 NextGen aircraft follows in the footsteps of a long line of robust and reliable de Havilland and Bombardier turboprops that have served our airline very well over the years," CEO Wasantha Kumarasiri said.
Bombardier now has taken firm orders for 363 Q400s with 257 delivered as of July 31.
Anxious for a financial boost in the wake of a ¥99 billion ($1.08 billion) loss in its fiscal first quarter ended June 30 and an increasing debt burden, Japan Airlines launched negotiations with oneworld partner American Airlines and SkyTeam rival Delta Air Lines concerning a potentially significant investment, according to multiple sources.
French BEA Director Paul-Louis Arslanian said investigators have not determined the cause of the May 31 Air France A330-200 crash in the Atlantic Ocean and reiterated that there still is no evidence that speed sensors caused the accident.
"At the moment, we can't explain the accident," Arslanian told journalists yesterday in Paris. "We are making progress and will make progress and I'm optimistic, but this will take time. It takes a year-and-a-half, being responsible and reasonable, in order to make progress and ensure that we've run through all of the questions."
The US Air Transport Assn. said yesterday that US airlines' July passenger revenue fell 21% compared to the prior-year month, marking the ninth consecutive month of year-over-year decline.
ATA said passengers carried dipped 4% while the average price to fly one mile dropped 18%. "Revenue declines extended beyond the mainland United States to the transatlantic, transpacific and Latin markets," the organization said.
A Boeing supplier has warned that the 787 may not fly for another six months.
Mark Rollins, CEO of Senior, a multinational component manufacturer based in the UK that is furnishing air ducts and other parts for the Dreamliner, told Bloomberg News this week that "we estimate another six-month delay" to first flight and that Boeing's "credibility is somewhat in question."
Qatar Airways CEO Akbar Al Baker ratcheted up his rhetoric about Boeing Friday, telling reporters ahead of a meeting with the manufacturer regarding the airline's delayed 787 program that "a lot of heads would roll" if he were running the company, according to USA Today.
Virgin Atlantic Airways CEO Steve Ridgway acknowledged yesterday that he was aware of the collusion between executives at VS and British Airways to fix fuel surcharges on long-haul flights in June 2004-April 2006.
Air India parent National Aviation Co. of India Ltd. is expected to report a loss of approximately INR50 billion ($1.02 billion) for its fiscal year ended March 31, some 25% more than the figure targeted last month, Indian Civil Aviation Minister Praful Patel informed the national parliament's upper house yesterday.
He wrote that NACIL's deficit is "largely due to high operating expenses, which have been compounded due to the present economic recession resulting in a drop in passengers," in addition to high fuel prices and debt servicing, the Press Trust of India reported.
Yemenia Yemen Airways yesterday threatened to "reconsider" its order for 10 A350-800s valued at $2 billion because it believes Airbus has been unsupportive following last week's A310-300 crash in the Indian Ocean that killed 152.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More