Thursday, September 28, 2006

Airbus work may shift overseas

Airbus work may shift overseas
By Simon Clow And Daniel Michaels
The Wall Street Journal Europe
29 Sep 2006

BParis OARD MEMBERS of Airbus’s main parent were expected to gather Friday to grapple with the aircraft maker’s problems, according to people familiar with the matter, and talks with its unions suggest they will discuss shifting more work overseas and... read more...

posted by Bank Report at 10:45 PM | 0 comments

Wednesday, September 27, 2006

KLM reduces surcharges as fuel costs come down

KLM reduces surcharges as fuel costs come down

The Wall Street Journal Europe
28 Sep 2006

KLM ROYAL Dutch Airlines, the Dutch arm of Air France KLM, said it would cut its fuel surcharge by OE5 ($6.35) a stretch on all intercontinental flights and by OE1 a stretch on intra-European flights, reflecting lower costs. Air France-KLM said its... read more...

posted by Bank Report at 11:03 PM | 0 comments

Monday, September 25, 2006

BA hits out at airports operator

BA hits out at airports operator
Mark Milner
The Guardian
26 Sep 2006

British Airways renewed its attack on BAA yesterday with a call to the industry regulator to curb the profits earned by the UK’s biggest airports operator. BA wants the Civil Aviation Authority to slash the rates of return that BAA earns on its asset... read more...

posted by Bank Report at 9:37 PM | 0 comments

Sunday, September 24, 2006

Airbus works to reforge supply-chain practices

Airbus works to reforge supply-chain practices
By Daniel Michaels
The Wall Street Journal Europe
25 Sep 2006

Stung by mounting problems on two major jetliner programs, including the superjumbo A380 jet, European plane maker Airbus is embarking on a long-term overhaul of its operations—starting from how it shops for supplies. Airbus Chief Executive Christian... read more...

posted by Bank Report at 9:45 PM | 0 comments

Tuesday, September 19, 2006

U.S. airlines sing the blues over Virgin startup

U.S. airlines sing the blues over Virgin startup
By Sean Lengell THE WASHINGTON TIMES
The Washington Times Daily
18 Sep 2006

Just how American is the proposed startup airline Virgin America? Not American enough, critics say. The proposed low-cost carrier, which is seeking approval from the Department of Transportation to begin flying, is facing strong opposition from... read more...

posted by Bank Report at 10:25 AM | 0 comments

Monday, September 18, 2006

BA strike leaders get £600,000 payout

BA strike leaders get 600,000 payout

The Guardian
18 Sep 2006

Two organisers of an illegal strike which caused massive disruption to British Airways flights from Heathrow last summer are to be paid 600,000 from the G union and the airline as “hush money”. Pat Breslin and Mark Fisher organised the campaign... read more...

posted by Bank Report at 1:28 AM | 0 comments

Rolls-Royce will supply engines for jets in China

Rolls-Royce will supply engines for jets in China

The Wall Street Journal Europe
18 Sep 2006

ROLLS-ROYCE PLC, the world’s second-largest aircraft engine maker after General Electric Co., of the U.S., said it won a $500 million order to supply more than 100 engines for a fleet of aircraft bought by China’s Hainan Airlines Group. The AE 3007... read more...

posted by Bank Report at 12:32 AM | 0 comments

Tuesday, September 12, 2006

Flying out of turbulence

Flying out of turbulence
By TREBOR BANSTETTER STAR-TELEGRAM STAFF WRITER
Fort Worth Star-Telegram
11 Sep 2006

Before Sept. 11, 2001, the airline industry was fat from a halfdecade of substantial profits, business travelers were paying top dollar for seats, and airline unions enjoyed generous contracts. Online price-comparison shopping hadn’t yet taken hold,... read more...

posted by Bank Report at 2:40 AM | 0 comments

TURBULENCE CONTINUES AT WESTJET

TURBULENCE CONTINUES AT WESTJET
BY CHRIS SORENSEN
National Post
09 Sep 2006

The departures from WestJet Airlines Ltd.’ s head office continued yesterday with the resignation of the executive in charge of building the airline’s new computerized reservation system, a key corporate project that has so far cost $25-million and is... read more...

posted by Bank Report at 2:39 AM | 0 comments

Thursday, September 07, 2006

Roo blasts report on airport fees

Roo blasts report on airport fees
Steve Creedy Aviation writer
Australian
08 Sep 2006

QANTAS has lashed out at the Productivity Commission’s draft report on regulating aeronautical charges, saying it is amazed the commission would support ‘‘ the unfettered monopoly power of Australia’s airports’’. ‘‘ We’re very disappointed and unhappy... read more...

posted by Bank Report at 9:48 PM | 0 comments

BAE agrees sale of stake in ailing Airbus

BAE agrees sale of stake in ailing Airbus
David Gow European business editor
The Guardian
07 Sep 2006

BAE Systems last night intensified the crisis at Airbus by agreeing to sell its 20% stake for €2.75bn (1.9bn) and warning that the European plane-maker could require significant cash injections in the next few years. The board of Britain’s leading... read more...

posted by Bank Report at 1:26 AM | 0 comments