European aerospace group EADS said it had abandoned a “significant” acquisition in the US in order to conserve cash and support Airbus plane sales to crisishit airlines. The Airbus parent company is under pressure to offer financing to buyers to ensure they honour contracts. Both Airbus and rival Boeing saw new plane business roughly halve last year after a record 2007 as airlines faced first a record spike in oil prices and then a slump in passenger and cargo demand. … [Read more...] about EUROPE & CIS: EADS drops US acquisition to save money
Air Freight Logistics
EUROPE & CIS: Airbus tops Boeing deliveries in '08
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists’ strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping … [Read more...] about EUROPE & CIS: Airbus tops Boeing deliveries in '08
EUROPE & CIS: Possible Alitalia cargo sale nears
Alitalia’s bankruptcy administrator is close to selling the cargo unit of Italy’s former state-owned airline. Alitalia’s Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit’s five MD-11 freighters and its other assets. Th is will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy’s national carrier by CAI, an Italian investor … [Read more...] about EUROPE & CIS: Possible Alitalia cargo sale nears
EUROPE & CIS: 'New' Alitalia takes to the skiesya
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmeddown Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airlinefiled for bankruptcy in August. “We’ve done it. There’s no turning back from the new Alitalia now and all the prophets of misfortune have been silenced,” said Labour Minister Maurizio Sacconi, whose government had made saving … [Read more...] about EUROPE & CIS: 'New' Alitalia takes to the skiesya
JAPAN: NCA and JAL discussing air cargo 'code share'
Nippon Cargo Airlines (NCA), the air freight subsidiary of Japanese global shipping company NYK Line, announced last week that it was discussing a joint venture with Japan Airlines (JAL) in the form of ‘code sharing’ for cargo flights between Japan and the US. The two airlines are the largest air freight carriers out of Japan. The move is a direct result of, “the unprecedented market shrinkage and slump caused by the worldwide depression… and also from the structural … [Read more...] about JAPAN: NCA and JAL discussing air cargo 'code share'
CHINA: 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: China to take delivery of 241 aircraft in '09
