A “comprehensive” plan unveiled Friday by International Airlines Group (IAG) to save its Iberia subsidiary from financial ruin calls for the company to cut 4,500 jobs, cut network capacity next year by 15 percent and eliminate 25 airplanes from the fleet.
AIN Air Transport Perspective » November 12, 2012
The European Commission has suspended the implementation of its emissions trading scheme for international flights in and out of the European Union for 12 months on the grounds that it now expects to see a deal on a multilateral global alternative at the next ICAO Assembly.
Delayed delivery of certain critical components leading to a need to “reharmonize” integration tasks has forced Bombardier to delay first flight of its new CSeries CS100 until at least the end of next June, roughly six months later than the most recent target. If all goes according to the latest plans, the smaller of the two-variant narrowbody series will consequently enter service in the middle of 2014.
The timeline for the larger of the pair–the CS300–remains unchanged, added Bombardier, meaning it still expects that airplane to enter service by the end of 2014.
The European Parliament’s transport and tourism committee has cleared the way for airlines to start trading slots at European Union airports by endorsing new rules aimed at forcing carriers to use or lose slots. But the European Commission (EC) has expressed concern that both the legislators and EU transport ministers have diluted its reform plan by rejecting its proposal that airlines should lose a slot if they fail to use it at least 85 percent of the time (an increase from the existing 80 percent requirement).
The association representing major U.S. airlines expects that carriers will scale back capacity early next year, aligning it more closely with passenger demand to offset record high jet fuel prices. Airlines for America (A4A) projects a 2.4-percent reduction in scheduled domestic flights, a 1.3-percent decrease in domestic seats and a 0.1-percent cut in domestic available seat miles (ASMs) in the new year. This year, domestic ASMs rose a modest 0.1 percent over last year’s total seat capacity.
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