PIA - Pakistan International Airlines (PK, Karachi Int'l) is to be split into two entities with control of its core business to be offloaded to a global airline over the next 18 months. In an interview with Reuters, Pakistan's Minister of State for Privatization, Mohammad Zubair, said that PIA's core business will be sold off while government will retain control of ancillary operations, such as ground handling and hotels, under a holding company. The state will then sell off each of its interest
Ethiopian Airlines (ET, Addis Ababa) has announced an order with Boeing (BOE, Chicago O'Hare) for twenty B737 MAX 8 aircraft. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than USD2.1billion at list prices and also includes options and purchase rights for a further fifteen of the type.
ABU DHABI (Reuters) - Abu Dhabi's Etihad Airways is on track to raise about $2 billion in loans this year to fund its equity investments around the world and aircraft purchases, its chief financial officer
Red Wings (WZ, Moscow Vnukovo) is to expand its fleet with the arrival of three Il-96s formerly with Aeroflot (SU, Moscow Sheremetyevo). The Interfax newswire says the quadjets will be used to bolster both passenger and freight capacity on flights to Simferopol in Russian-occupied Crimea. Airlines that have served the controversial resort town have been subjected to hard-hitting European and US sponsored targeted sanctions, chief among them, Dobrolet (QD, Moscow Sheremetyevo).
Russia's Ministry of Industry and Trade intends to equip the carrier with 20 additional leased Russian-built jets, namely ten Tu-204SMs and ten SSJ 100-95s, and to establish Simferopol as a primary operational base paving the way for subsidized flights aimed at attracting greater numbers of Russian tourists.
Moscow will also recapitalize the carrier paving the way for government to take a controlling stake in the airline.
No matter how you put it, the window seat is always the best when travelling via "the highway in the sky." Watching the world pass below you from thousands of feet in the air is an incredibly enthralling experience and effectively takes your mind off that sad, stale bag of honey-roasted peanuts in your hand. Such is the case with Technicon Design's new private jet concept "Ixion." Described as a "windowless" jet, the design features a large, open-glass cabin to provide an immersive flying experience: "We quickly settled on the controversial yet interesting idea of removing the windows from the cabin and using existing or very near future technology to display the exterior environment to the inside surfaces of the cabin via external cameras. Removing the windows allows for weight reduction, simplifies construction and opens up an enormous spectrum of possibilities for interior design.
Via Pol Bacquet
Philippine Airlines (PR, Manila) has completed the retirement of its B747-400 fleet with the aircraft's last revenue flight from San Francisco to Manila on Saturday, August 30. Of the two remaining operational airframes, RP-C7473 (msn 27828) was ferried from Clark to Marana via San Francisco, CA on August 28. The Filipino national carrier has replaced its B747-400s with its A340-300s and B777-300(ER)s.
In other Philippine Airlines related news, the carrier will make its return to the US East Coast in March next year with a 4x weekly Manila to New York JFK via Vancouver Int'l service. The route will operate on-board an A340-300.
ANA - All Nippon Airways (NH, Tokyo Haneda) along with Philippine Airlines (PR, Manila), Air New Zealand (NZ, Auckland Int'l), China Airlines (CI, Taipei Taoyuan) and EVA Air (BR, Taipei Taoyuan) must face a class-action lawsuit from passengers accusing them of price-fixing on trans-Pacific flights.
In his ruling issued in San Francisco last week, US District Judge Charles Breyer denied a motion by the five airlines to dismiss the suit on the grounds that all the passengers' claims were pre-emp
Ryanair Holdings Plc is set to place an $11 billion order for Boeing Co.’s 737 Max jets after prodding the planemaker for a new version that squeezes in more seats, people familiar with the matter said.