Orders for hundreds of Boeing and Airbus narrowbodies stand subject to revision following AMR Corporation’s Chapter 11 filing last week. However, both manufacturers remained sanguine about the extent to which the reorganization of the company and its American Airlines subsidiary might affect their respective contracts.
AIN Air Transport Perspective » December 5, 2011
India’s Kingfisher Airlines is attributing the grounding of 15 aircraft and de-leasing of another two to “rationalization” of its network to counter deep financial losses. “The airline industry in India is going through a tough period due to high costs and lower yields,” said Kingfisher Airlines CEO Sanjay Aggarwal. “We are no exception. We are taking steps to improve our financial performance and are rationalizing network, dropping unprofitable flights and expediting fleet reconfiguration.”
With its economic growth slowing, India is urging U.S. companies to invest in its aviation industry. At the recent U.S.-India Aviation Summit in New Delhi, Indian civil aviation minister Nasim Zaidi urged American firms to back plans for some $130 billion in investments over the next 10 to 15 years in areas such as airport infrastructure, maintenance, repair and overhaul facilities, cargo facilities and training centers. The Indian government is willing to see some 30 airports developed under joint ventures or public private partnerships (PPP). The country already permits 100-percent “foreign direct investment” (FDI) in airport projects and some 41 airport projects are already being conducted under PPP terms.
Members of the International Association of Machinists and Aerospace Workers (IAM) will vote on December 7 on a four-year contract extension that includes a commitment by Boeing to build the 737 MAX in Renton, Wash.
The Association of European Airlines (AEA), the European Low Fares Airline Association (ELFAA), the European Regions Airline Association (ERA) and the International Air Carrier Association (IACA) have jointly issued a plea to EU member states “to stop procrastinating” on the Single European Sky project “and finally
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