Thursday, 25 October 2012
No job cuts at CityJet despite Transform 2015 exclusion
Air France subsidiary CityJet has moved to reassure Paris-based employees that exclusion from its parent company's Transform 2015 restructuring plan will not result in layoffs.
CityJet's French employees have been lobbying for inclusion in Transform 2015 because the plan - which encompasses fellow subsidiaries Regional and Britair - guarantees that there will be no forced redundancies in 2012 or 2013.
Insisting Transform 2015 is "not the best fit" for CityJet, chief executive Christine Ourmières says the subsidiary's own restructuring programme has protected jobs.
Wednesday, 17 October 2012
Adria Airways shelves fleet renewal amid funding delay
Adria Airways has abandoned plans to overhaul its fleet as negotiations continue over a delayed €9 million ($11.8 million) loan that chief executive Klemen Bostjancic says will be necessary for the airline to continue flying this winter.
The revolving credit facility was due to arrive in late September and would have been the first instalment of a €50 million cash injection pledged by Slovenia's government in August 2011 in response to a two-and-a-half-year turnaround plan.
Local media reports on 16 October 2012 quoted Bostjancic as saying that the flag carrier would be grounded unless the outstanding loan from Nova Ljubljanska Banka and UniCredit Banka materialises.
Thursday, 4 October 2012
ReShape results will spur Air Baltic investors: Gauss
Demonstrable success under the 'ReShape' restructuring plan will be the driving force behind Air Baltic's search for a strategic partner, chief executive Martin Gauss tells Flightglobal, with management looking to make the case for investment through quantifiable results.
Insisting that talks with prospective Gulf and Chinese partners remain at the early stages and may not require due-diligence for "a while", Gauss candidly adds: "I don't expect a quick win on this one, but you never know."
Tuesday, 2 October 2012
RAK Airways sees CFM-powered A320s in short supply
RAK Airways will issue a request for proposal (RFP) for CFM-powered Airbus A320s this week, chief executive John Brayford tells Flightglobal, with previous searches having identified just one aircraft "in any way suitable" for its upcoming fleet expansion.
The Ras al Khaimah-based carrier operates two CFM-powered A320s and has announced plans to lease a third aircraft in early March 2013, followed by a fourth unit in late summer.
According to Brayford, however, preliminary studies for the third unit indicated that "there are very few relatively new CFM-powered A320s on the market". He says scarce availability has prompted the airline to bring forward its search for the fourth unit.
Monday, 1 October 2012
Full article in JPG format
News that Patrick McLoughlin, the UK's new transport secretary, has postponed his decision over Heathrow's third runway until after the next General Election, in 2015, has prompted a collective groan across the aviation industry and the wider business community.
"How many more reviews do we actually need," asked Laurie Price, former aviation adviser to the select transport committee between 1997 and 2005, in his opening remarks at a conference in London last week.
Previous attempts to reach a consensus on airport expansion have included the 1971 Roskill Commission and the 2003 Future of Air Transport White Paper. These, however, have often appeared to kick decision-making into the long-grass, sparing successive governments the headache of long-term infrastructure projects that risk angering the electorate, while delivering scant benefit to their political backers...
Full article in JPG format: page 18/19 & page 20
In July, an Airbus A300 operated by Kuwait Airways made an emergency landing in Medina, Saudi Arabia, after what appears to have been a potentially catastrophic double engine failure. Camera-phone footage of the incident shows passengers clinging onto their armrests and nervously reciting the Shahada, as the only functioning engine sputters in the background.
Far from an isolated incident, this latest in a string of security scares renewed concerns about whether the airline’s ageing jets should remain in the skies while Kuwait’s parliament drags its feet over sorely-needed restructuring – originally promised in a 2008 privatisation bill...