The World of Aviation
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Massive restructure, possible bankruptcy for JAL
Japan Airlines will slash a third of its workforce, will reject billion dollar cash offers from American Airlines and Delta, and may file for bankruptcy as it seeks to turn itself around, according to Japanese media. The Kyodo News reports the airline will slash 15,600 jobs over the next three years and will take on
Read moreVirgin Atlantic signs for A330s
/Virgin Atlantic has signed a contract with Airbus for six A330-300s and a lease deal for a further four A330-300s with lessor AerCap, confirming an announcement made last June. The aircraft will be configured with 270-seats in three classes, and primarily employed on routes from the UK to North America, the Caribbean, Africa and Asia,
Read moreMinister discusses aviation security with US
Minister for Infrastructure, Transport, Regional Development and Local Government, Anthony Albanese, met Deputy Secretary of the US Department of Homeland Security Jane Holl Lute on January 10 to discuss aviation security procedures in the wake of the attempted Christmas Day bombing of a Delta/Northwest Airbus A330 on a flight from Amsterdam to the US. “Building
Read moreAuckland takes stake in Cairns, Mackay airports
/Auckland International Airport Ltd has announced it is buying a 24.55 per cent stake in North Queensland Airports, operators of Cairns and Mackay Airports, from Westpac Bank for A$132.8m (NZ$166m). “Since indicating in March 2009 that we would pursue opportunistic but carefully selected step-outs, we’ve looked at a range of opportunities to drive synergies and
Read moreVietnam holds two Jetstar Execs over fuel hedging losses
The Vietnamese government has prevented two Australian executives of Jetstar Pacific, COO Daniela Marsilli and CFO Tristan Freeman, from leaving the country and is holding former CEO Luong Hoai Nam in custody as it investigates fuel hedging losses at the airline. Marsilli (a former managing director of National Jet, now Cobham Aviation Services Australia) and
Read moreBoeing to reassess 787-3 after ANA order change
Japan’s ANA has converted its 28 orders for the short range 787-3 to the 787-8 model, leading Boeing to reveal it is re-assessing the future of the 330-seat -3, for which there are now no orders in the 851 order backlog for the 787. “ANA’s primary business reason for adjusting their 787 model selection is
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