Mexicana needs much more than a buyout
Securing a fresh capital injection from a Mexican consortium called Tenedora K is unquestionably a welcoming sign for the ailing oneworld-member Mexicana, but it needs much more than a simply controlling stake buyout to reinvigorate the carrier. Tenedora K has purchased a 95% stake in Nuevo Grupo Aeronautico which in turn controls Mexicana in addition [...]
read moreChina Eastern's decision to join SkyTeam will be a loss
In announcing its decision to join SkyTeam, the oneworld alliance seems to be the loser at first glance since it currently does not have any Chinese member, whereas SkyTeam already has China Southern Airlines and Star Alliance having the most profitable national carrier Air China. However, joining SkyTeam will be a loss for China Eastern [...]
read moreCathay: Easter holiday bookings "favorable"
Hong Kong-based carrier Cathay Pacific has told Airways Aviation News that its bookings for the upcoming Easter holiday period are “favorable” amid signs that there is a turnaround for Asia Pacific aviation as a whole. “Easter bookings are favourable and we will be mounting extra sectors to popular holiday destinations,” Cathay Pacific spokeswoman Carolyn Leung says. [...]
read moreBoeing 787 completes ultimate load test
Boeing has completed the ultimate wing load test on the 787 static test airframe, dubbed ZY997, last night and the initial results are “positive”. The wings of ZY997 were bent upward by 25 feet (7.6 meters) during the test, which was designed to simulate 150% of load that an airplane may encounter during emergency situations. [...]
read moreViva Macau suspends operations (Update1)
Low Cost Carrier (LCC) Viva Macau has today suspended operations for its 3rd consecutive day owing to its inability to settle fuel payments, Airways Aviation News reports. Viva Macau was established in 2004 and has been operating 1 Boeing 767-200, 1 767-300 and 1 767-300ER. The Macau government has decided not to bail out the carrier [...]
read more747, 777 rate increases to boost Boeing's future performance
In announcing the decision to ramp up the production rate of 747-8 and 777 families, Boeing has made a very great decision which not only signals the recovery in the airline industry (“A320 production rate increase signals air traffic recovery“, 9th Mar 10) that has now become indisputable albeit at depressed yields, it also means a strong comeback [...]
read moreProtectionist complains about protectionism
Following Northrop Grumman/EADS’s withdrawal from the latest USAF aerial refueling tanker bid, French President Nicholas Sarkozy along with its European allies slammed the US government of protectionism. The US Department of Defense (DoD) swiftly denied this allegation. “I did not appreciate this decision. This is not the right way to behave,” Sarkozy said. “Such methods [...]
read moreCathay posts HK$4.7 billion full-year profit
- Revenues fell 22.6% to HK$67 billion- Profit totals HK$4.7 billion- 2009 operating profit totals HK$285 million- Debt-to-equity ratio fell to 0.62- Passenger yield fell 19.5%- Profit more than doubles Airways Aviation News’ forecast Cathay Pacific has reported a 2009 full-year profit of HK$4.7 billion (US$603 million), more than doubling Airways Aviation News‘ conservative forecast of [...]
read moreA320 production rate increase signals air traffic recovery
Despite the calamitous A400M program that forced EADS to record a EUR1.8 billion charge, as well as the perennially delayed A380 program that continues to be a significant financial burden for the company, the decision to increase A320 production rate is a correct one that coincides the beginning of an air traffic recovery. Airbus will [...]
read moreWill Cathay Pacific launch a Premium Economy product?
As Hong Kong flag carrier Cathay Pacific is going to report its 2009 full-year result (“Cathay Pacific may post 2009 full-year profit“, 23rd Feb 10) next Wednesday, 10th March, the carrier is still evaluating the Premium Economy Class product but may be a step closer to making a decision, Airways Aviation News has learned. Cathay Pacific [...]
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Recent Posts
- Launching a LCC subsidiary may not be a panacea for JAL
- 6th Boeing 787 delay could be worse (Update1)
- Reshaping culture key to 787 production ramp-up
- Mexicana needs much more than a buyout
- Dragonair flight attendants threaten to strike (Updated)
- Cathay Pacific flies high
- Singapore Airlines keeps grips on capacity
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- Priscilla Hamre on Boeing addresses 787-10, ongoing weight reduction efforts
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- Eliseo Auston on 6th Boeing 787 delay could be worse (Update1)
- Albany Drywall on 6th Boeing 787 delay could be worse (Update1)
- Emma on Virgin Blue’s 737 order an indicator in important ways
