ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed an MOU with CFM International for CFM56-5B engines to power its new fleet of 22 Airbus A320 family aircraft.
Intra-European airlines are beginning to show signs of recovery from the global economic crisis, but economic uncertainly in Europe and anticipated regulatory proposals remain concerns, European Regions Airline Assn. (ERA) DG Mike Ambrose said Thursday.
All Nippon Airways Group said its pilot unions are threatening a 24-hr. strike Oct. 1. In a statement issued Thursday, ANA said it is continuing “urgent negotiations” to avert industrial action and its disruption to passengers. It said it has put forward a “fair set of proposals with the pilots unions.” ANA said the strike would cancel 186 cancellations and cause 66 delays for domestic flights. International flights would not be affected. Kyodo News reported pilots are seeking improved crew training programs.
ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed a memorandum of understanding with CFM International for CFM56-5B engines to power its new fleet of 22 Airbus A320 family aircraft. The firm order, which includes three spare engines, is worth more than $450 million at US list price, according to CFMI. The Chinese leasing company is scheduled to take delivery of these aircraft in 2012. ICBC Leasing signed a purchase agreement with Airbus in June for 42 A320s (ATW June 29).
Shareholders of Slovenia-based Adria Airways (JP) approved a cash injection of €50 million ($68.4 million) and a debt-to-equity conversion of €19.7 million against the financially troubled airline’s total debt of nearly €70 million.
The Australian Competition and Consumer Commission (ACCC) on Thursday gave final approval for the Joint Business Agreement (JBA) between Qantas (QF) and American Airlines (AA).
Shareholders of Slovenia-based Adria Airways (JP) approved a cash injection of €50 million ($68.4 million) and a debt-to-equity conversion of €19.7 million against the financially troubled airline’s total debt of nearly €70 million.
Spirit Airlines launched twice-daily Portland, Ore.-Las Vegas service. Lufthansa said it plans to operate Airbus A380 service from Munich to New York JFK, beginning in December. Japan Airlines and China Eastern Airlines reached an agreement to expand their codeshare partnership. The two carriers will now place their codes on every flight operated by the other, between cities in China and Japan.
Hong Kong’s Civil Aviation Department (CAD) on Tuesday said it is conducting an investigation into Sunday’s loss of separation incident between a Cathay Pacific (CX) Boeing 777-300ER and subsidiary Dragonair (KA) Airbus A330-300.
US Air Transport Assn. president and CEO Nicholas Calio said Tuesday that new airline flight taxes/fees proposed by President Barack Obama amount to "an all-out assault" on the industry, which he said is already greatly overtaxed by the federal government.
Taiwan’s China Airlines (CI) on Wednesday officially joined SkyTeam, becoming the first Taiwanese airline to join the alliance (ATW Daily News, Sept. 15, 2010).
Latest news from ATW’s Eco-Aviation Today: Australian bio-fuel producer Jatenergy has sold 200 tonnes of crude Jatropha oil to Lufthansa for use on the airline’s trial using biofuels on its Hamburg to Frankfurt services, according to BioFuel International.
The Civil Aviation Administration of China (CAAC) and the Russian Federation’s Ministry of Transport have jointly denounced the European Emissions Trading Scheme (EU ETS), saying it violates sovereignty and is a breach of the Chicago Convention.
US Air Transport Assn. president and CEO Nicholas Calio said Tuesday that new airline flight taxes/fees proposed by President Barack Obama amount to "an all-out assault" on the industry, which he said is already greatly overtaxed by the federal government.
Alaska Airlines named Daniel Chun its new regional manager of sales and community marketing for Hawaii. Chun, who is based in Honolulu, will lead Alaska Airlines' marketing and community outreach efforts to the four Hawaiian Islands. Air Seychelles appointed Bram Steller as CEO. Steller previously served as COO of Kenya Airways since 2008 and was in charge of flight operations, ground operations, technical, commercial and network planning, revenue management, operations control and cargo.
