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.
Boeing employees last week rolled out the first 787 Dreamliner built at the new production rate of five airplanes per month, the company announced today. The 83rd Dreamliner ever built, the airplane marks the passage of yet another milestone in Boeing’s quest to raise its production rate to 10 per month by late 2013.
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.
The ninth edition of the biennial Airshow China opens at Zhuhai Airport in the southern province of Guangdong on November 13, with organizers promising the largest event since its start in 1996. Some 650 exhibitors from 39 countries have flocked to mainland China’s largest airshow, with many of the 80 aircraft present due to take part in the flying display before it closes on November 18.
A short-notice, low-profile visit to the UAE by British Prime Minister David Cameron this week boosted the prospects of an order for the Eurofighter Typhoon. But government and military sources in London and Paris told AIN that the Emiratis are in no hurry to make a decision, and that the Dassault Rafale remains in contention. Dassault declined to comment on the latest development.
As India’s Ministry of Defense awaits a response from the Italian government on alleged irregularities in the award of a contract for 12 AgustaWestland AW101 VIP transport helicopters, the fallout from this affair may scupper the much larger reconnaissance and surveillance helicopter (RSH) program. The Eurocopter AS550C3 Fennec and Kamov Ka-226T are the final contenders for the 197-aircraft RSH program, which has already been delayed.
A senior U.S. Air Force commander has opened the door to joint coalition operations with the stealthy F-22 Raptor fighter. Speaking at the International Fighter Conference organized in London by IQPC, Maj. Gen. Larry Wells, commander of the Ninth Air Force, said “We need our partners to get involved with the F-22 in exercises.”
Russian Aircraft MiG (RAC MiG) demonstrated new MiGs being built at its aircraft manufacturing plant in Lukhovitsy near Moscow, when a group of Russian members of Parliament from the defense committee inspected the plant together with a group of journalists. The members of Parliament said they want to ensure that the MiG company continues to be one of the major suppliers to the Russian armed forces. They voiced concern that the proportion of MiGs in the Russian air force inventory has reduced over the past few years.
EADS has spent some €200 million out of an expected €260 million total outlay this year on repairs to cracked Airbus A380 wing rib feet, the company revealed Thursday.
Bombardier Aerospace’s third-quarter revenues were flat at $2.3 billion year-over-year, but pre-tax profits at the Canadian aircraft manufacturer slipped by $6 million, to $123 million. Meanwhile, net deliveries of both regional airliners and business jets stood at 57 aircraft in the quarter, down from 68 a year ago. However, it added net orders for 83 aircraft and built a book-to-bill ratio of 1.5:1, compared with net orders for 34 aircraft during the same period last year.