The tie-up between Spanish flag carrier Iberia and the UK’s British Airways to create International Airlines Group (IAG) will pave the way for an overhaul of the way the pair buy aircraft, according to the new company’s finance chief. The two airlines plan to combine buying in a new fleet renewal strategy led by IAG with its stronger buying power, although they will continue to run and maintain their fleets separately, Enrique Dupuy said.
US Airways yesterday announced it would add first-class seating and service on 110 US Airways Express regional jets operated by Republic Airways, Mesa Air Group and PSA. Plans call for the airline to install first-class seating on Embraer 170s and 175s, along with Bombardier CRJ700s and CRJ900s, beginning in October with the E175 fleet. It expects to finish outfitting the three remaining fleet types by the end of next January.
The spike in global oil prices brought about in no small measure by the unrest in the Middle East has driven the price of jet-A above $3 a gallon, prompting airlines throughout the world to adjust their air fares in an effort to compensate. According to the Air Transport Association, $3 jet fuel would raise U.S. airlines’ 2011 fuel bill by some $15 billion. Last year’s fuel bill for U.S. airlines totaled $38.8 billion.
Qantas announced today that it would resume Airbus A380 services between Australia and Los Angeles more than two months after an in-flight uncontained engine failure forced an emergency landing of one of its superjumbos in Singapore. The airline said Flight QF93 from Melbourne would take off for Los Angeles on January 16.
Embraer expects to achieve a commercial aircraft book-to-bill ratio of a little more than one this year, reflecting solid demand from an airline market that continues to show definitive signs of a sustained, if not robust, recovery.
British Airways bid farewell to its three remaining Boeing 757s on Saturday, October 30, with a special farewell tour around the UK. To commemorate the day, the airline repainted one of the aircraft, G-CPET, in vintage BA livery from 1983. That airplane visited Manchester, Glasgow and Edinburgh during its final day in British Airways service from London Heathrow. The other two 757s flew from Heathrow on Spanish services.
The international industry debut of the Boeing 787 at Farnborough International this week has provided a major opportunity for local carrier Thomson Airways to fly its flag as the UK launch customer for the new aircraft, which is on display here until this afternoon. Thomson is a wholly owned subsidiary of international leisure group TUI Travel, which has ordered 13 of the 787s and has purchase rights on a further 13.
The recent, and potentially ongoing, disruption to European air transport caused by volcanic ash has focused customers’ minds on the potential value of executive charter flights, according to a new survey by UK operator London Executive Aviation. LEA’s survey showed clients keen to turn to business aviation to fulfill travel plans that airlines dealing with huge backlogs of stranded passengers could not meet.
British Airways posted another record loss for its fiscal year ending March 31, as the recession, labor strife and adverse winter weather conspired to negate the some £1 billion ($1.435 billion) in cost savings the company managed to implement during the period. Losses before taxes totaled £531 million ($762 million), compared with the preceding fiscal year’s record loss of £401 million ($575 million).
British Airways posted another record loss for its fiscal year ending March 31, as the recession, labor strife and adverse winter weather conspired to negate the some £1 billion ($1.435 billion) in cost savings the company managed to implement during the period. Losses before taxes totaled £531 million ($762 million), compared with the preceding fiscal year's record loss of £401 million ($575 million).