United Parcel Service (UPS) is abandoning its proposed €5.2 billion ($6.8 billion) bid for Dutch rival TNT Express because it expects a rejection from the European Commission (EC). The proposed acquisition would have reduced the four global integrators—UPS, FedEx, DHL Express and TNT Express–to three, with a major stronghold on the sector by U.S. companies.
Grupo TAM has notified the U.S. Securities and Exchange Commission (SEC) that it will stop reporting certain financial results to the regulator as the Brazilian carrier completes its integration into Latam Airlines Group. This procedural step is the latest in a series of financial reporting changes that Chile’s LAN Airlines and TAM have taken to integrate into the region’s largest carrier. However, the two brands will continue operating as separate carriers in the near term, a spokeswoman says.
San Miguel Corp., the Philippine conglomerate that owns Philippine Airlines, plans to bid next month for a project to redevelop and manage the airport in Cebu, the Philippines second-largest international gateway.
Work on Beijing’s long-planned airport at Daxing will begin this year, with the aim of opening the facility in 2018, starting with an annual capacity of 45 million passengers and 1.5 million tons of freight.
Honeywell’s fix for potential Wi-Fi interference with its Phase 3 Display Units in cockpits includes the addition of specialized gaskets designed to shield against electromagnetic interference, the manufacturer says.
Honeywell says it has resolved interference issues with its Phase 3 Display Unit that prohibited inflight use of Wi-Fi in cockpits fitted with such avionics, and will be able to offer the fix internationally by March. The interference was discovered during trials to certify computer tablet devices as electronic flight bags. Honeywell is not publicly providing details of its fix, but a company spokesman tells Aviation Week that “a solution has been identified and was implemented in the fourth quarter of 2012.”
Delta Air Lines' new capacity agreement with Pinnacle Airlines lets the regional carrier return all of its 140 Bombardier CRJ200 aircraft and spare engines to the mainline carrier without performing any of the maintenance that makes the 50-seat planes more attractive for lease or sale. Delta is shedding 50-seaters from its operations to avoid hundreds of millions of dollars in maintenance costs over the next few years.
Introducing the Aero 100 Airfare Benchmark Index Designed for anyone with risk on the future level of airfares – for example Airlines, Banks/Credit Card Companies, Corporate Travel Managers, etc. The Aero 100 Airfare Benchmark Index tracks daily airfares within the domestic airline market. The Aero 100 delivers financial risk mitigation and protection against constant fluctuation of airline ticket prices by providing the price settling mechanism for Commodity Futures Contracts.
U.S. startup People Express says it is about three weeks from acquiring an undisclosed charter airline, providing the carrier the necessary certificate to begin operations, President Michael Morisi tells Aviation Week. The move eliminates the need for People Express to continue with a U.S. Department of Transportation (DOT) certification process that began in March 2012, Morisi says, adding that People Express already has a memorandum of understanding to acquire the charter airline.
Click here to view the pdf Top Carriers - Beijing Capital: Jan 15-21, 2013, Ranked By Scheduled Outbound ASMs Top Carriers - Beijing Capital: Jan 15-21, 2013, Ranked By Scheduled Outbound ASMs
The Indian Government has dismissed Kingfisher Airlines’ latest revival plan, saying the proposal “may not guarantee a reliable service.” “We want an airline to operate in consistent, efficient and reliable manner. The revival plan, which was submitted by the airline, had lots of issues regarding lenders, staff payment which we felt may not lead to reliable services,” a Directorate General of Civil Aviation (DGCA) official told media Jan. 11.
Despite saying it has full confidence in the safety of Boeing’s new 787, the FAA has launched a technical investigation into the root causes of a series of electrical issues that have dogged the widebody since its entry into service with international and U.S. carriers.
Click here to view the pdf Mishandled Baggage Reports November 2012 Total Baggage Enplaned Reports Per 1,000 Passengers Rank Airline Reports Passengers
You can now register online for Aviation Week events. Go to www.aviationweek.com/conferences or contact: Lydia Janow, 212-904-3225 or 800-240-7645 ext. 5 (U.S. and Canada only) Jan. 21-23—MRO Middle East, DWTC Dubai World Trade Centre, Dubai, UAE March 5-6—Defense Technology & Affordability Requirements, Hilton Arlington, Arlington, Va. March 7—Laureate Awards 2013, National Building Museum, Washington, D.C. April 16-18—MRO Americas 2013, Georgia World Congress Center, Atlanta, Ga.
Terry Twigger, CEO of U.K.–based aerospace company Meggitt, has announced his retirement. Twigger, who has served as CEO for 12 years, will step down at the company’s next annual general meeting on May 1 and will be succeeded by Stephen Young, who has been finance director since 2004. In a statement, the company said Twigger will “continue at the company as an employee and provide support to the board and Stephen Young until his retirement on June 30.”
Singapore Airlines has signed a firm order for five more Airbus A380s and 20 A350-900s. The order is based on a memorandum of understanding published last October. It was completed late last year and announced now. The additional A380 order raises Airbus’ order intake for the type to nine aircraft in 2012 following a commitment for four aircraft from Transaero. Airbus is understood to be adding the order to its 2012 figures when it publishes details of its orders and deliveries this week.
Click here to view the pdf Fuel Watch: Global Jet Fuel Prices (midpoint) As of January 9, 2013, compared with previous week and previous year cts/gal prev. week prev.
