Etihad Airways appears close to making a final decision as to whether or not to buy an equity stake in Alitalia. Speaking during a March 3 conference call about the Abu Dhabi-based airline’s latest quarterly financial results, CEO James Hogan confirmed that Etihad has entered the final stage of due diligence in evaluating the struggling Italian flagcarrier.
Air Transport and Cargo
News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Russia’s Sukhoi Civil Aircraft has long claimed its Superjet 100 offers a level of technical sophistication that surpasses that of any Western regional jet on the market. Now, a new funding system state-controlled Vnesheconombank (VEB) devised with Sukhoi to support export sales of the Superjet 100 promises to place the Russian regional jet on equal footing with Western models in terms of financing cost as well, according to VEB deputy chairman Alexander Ivanov.
After much delay Malaysian authorities have settled on an aviation policy and plan to announce details later this year.
Embraer’s three-quarter share of the U.S. regional jet market last year might have looked impressive to investors and analysts, but judging by some of the commentary during the company’s quarterly earnings briefing on Wednesday, it apparently didn’t satisfy CEO Frederico Curado.
On the day that Airbus sent two more A350 development aircraft on their maiden voyages, bringing the test fleet to four, Airbus Group announced during its 2013 annual results press conference that the delayed program had incurred a €434 million charge.
The U.S. Department of Transportation (DOT) has fined Asiana Airlines $500,000 for failing to adhere to its family-assistance plan following the July 6 crash of Asiana Flight 214 at San Francisco International Airport. The fine marks the first such penalty ever issued by the DOT under the Foreign Air Carrier Family Support Act of 1997.
As Fort Lauderdale, Florida-based Silver Airways became the third U.S. regional airline this month to announce significant service cuts due to what it called a nationwide pilot shortage, the Regional Airline Association amplified its message of opposition to a new rule requiring 1,500 hours of flying experience for new-hire first officers.
The European Commission on Thursday adopted new guidelines for limiting state aid to regional airports and airlines, a move the EC claims will reduce competitive distortion by discouraging overcapacity at small, unprofitable facilities.
UK regional airline Flybe has raised almost $260 million in fresh capital through a share flotation launched February 20 in London. The company, which has been battling to rebuild its business model with an aggressive program of cost cutting, is issuing a total of up to 141.5 million new shares to raise £155.6 million. The offer price on February 20 was 110p per share, representing a 7.2-percent discount on the stock’s 118.5p mid-market price on February 19.
Boeing 787 launch customer ANA reports dispatch reliability of 99.63 percent and 98.51 percent, respectively for its domestic-service and international Dreamliners, less in each case than its fleet average. The carrier said that it expects 787 reliability will improve as it gains more knowledge of the airplane, which continues to present technical issues.