India's Jet Airways is in talks with Oman Air on commercial cooperation including possible leasing of its aircraft to Oman Air. "We are in talks with Oman Air for commercial cooperation about leasing of aircraft," Saroj K. Datta, executive director of Jet Airways said according to a Times of Oman report. "We have some surplus aircraft and wanted to know whether Oman Air would be interested in leasing them." The announcement is likely to be made in a couple of weeks, Datta said. Jet Airways has … [Read more...] about Jet Airways in talks to lease aircraft to Oman Air
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Carriers
Air China moves to fully acquire cargo division
China's largest carrier, Air China is to purchase the remaining stake in Air China Cargo Co. Ltd, from Capital Airports Holding Company, which holds a 24 per cent share of Air China Cargo, for an estimated 798 million yuan. Air China currently holds a 76 per cent stake in the cargo subsidiary. Air China Cargo was co-established in March 2003 by Air China, Citic Pacific, and Capital Airports Holding Company. Air China originally held 51 per cent stake of Air China Cargo and later bought the 25 … [Read more...] about Air China moves to fully acquire cargo division
China to take delivery of 241 aircraft in ’09
China to take delivery of 241 aircraft in '09 China is set take delivery of 241 new planes this year, 16 of which are delayed orders from 2008, Dow Jones reported. According to the Civil Aviation Administration of China (CAAC) the new aircraft would increase passenger seat capacity by 16 per cent despite the leases on 43 planes expiring this year. … [Read more...] about China to take delivery of 241 aircraft in ’09
BA soon to undertake ‘far-reaching’ restructuring
British Airways will soon announce far-reaching restructuring measures designed to reduce costs and increase efficiency, the carrier said in its in-house weekly newspaper, BA News. "Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," CFO Keith Williams said, warning that the shakeup will be "far-reaching, reshaping our company from top to bottom." He said BA's biggest challenge will be, … [Read more...] about BA soon to undertake ‘far-reaching’ restructuring
US airline groups seek US$4 billion in aid
US airline groups seek US$4 billion in aid A broad coalition of US airline and aerospace industry trade groups is reportedly seeking a US$4 billion slice of the economic stimulus package being mulled over by the incoming Obama administration, Dow Jones reported. The funds would be used to kick-start modernisation of the country's antiquated air traffic control system through equipping aircraft with satellite-based navigation technology. The plan is outlined in a letter to government officials … [Read more...] about US airline groups seek US$4 billion in aid
Lufthansa confirms disinterest in Alitalia
Lufthansa confirms disinterest in Alitalia Lufthansa has confirmed that it did not make an offer for Alitalia, which Italian Prime Minister Silvio Berlusconi revealed Wednesday. A Lufthansa spokesperson told both Germany's dpa news agency and Reuters that the airline preferred to cooperate with its Star Alliance partners in the Italian market. In November it announced the launch of an Italian subsidiary based at Milan Malpensa. … [Read more...] about Lufthansa confirms disinterest in Alitalia
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