Airbus’s decision last year to modify the A350-1000’s design began to pay dividends Tuesday at the Farnborough Airshow when Cathay Pacific Airways (CX) agreed to order 10 of the type, valued at $3.2 billion, plus convert 16 of its existing -900 orders to -1000 models.
Pratt & Whitney (P&W) and MTU Aero Engines have both increased their stakes in International Aero Engines following Rolls-Royce’s equity exit from the joint venture.
Jon Beatty, who was most recently Pratt & Whitney airline customers VP, is returning to his former role as president of International Aero Engines (IAE) following Rolls-Royce’s recent exit as a shareholder.
China Eastern Airlines (MU) will enhance its position in Beijing through its CNY350 million ($55.3 million) expansion project at Beijing Nanyuan Airport (NAY), which opened July 8. MU will also integrate wholly owned subsidiary China United Airlines (KN) with Shijiazhuang-based Hebei Branch Co.
ATW and SpeedNews new media editor Christine Boynton has been named Young Journalist of the Year at the 2012 aviation media awards. Boynton’s win was announced Sunday at a gala dinner in London. She was presented the award by British Royal Air Force Wing Commander and world land speed record holder Andy Green.
New Boeing Commercial Airplanes (BCA) president and CEO Ray Conner told a Farnborough Airshow news conference that the commercial air transport market’s prospects remain healthy despite an uncertain global economy, leading BCA to focus intensely on ramping up production to meet demand.
China Express Airlines (G5) has converted a previously announced conditional order for six CRJ900 NextGen regional jets to a firm order, plus five options.
Uruguay's government-owned Pluna Lineas Aereas Uruguayas (PU) has suspended all flights indefinitely, after announcing July 3 it would temporarily suspend operations after the OFP workers’ union declared its intention to strike.
Finnair (AY) has reached an agreement with SR Technics to outsource engine and component services, in a cost-cutting move that will cut 280 maintenance jobs.
Swiss International Air Lines (LX) must improve its cost structure to overcome high fuel prices, decreasing yield and foreign exchange losses between the strong Swiss franc and the euro, CEO Harry Hohmeister told ATW.
Qantas (QF) has denied rumors of a possible takeover bid after media reports that a group of wealthy individuals, including venture capitalist Mark Carnegie, was putting together a syndicate to make a bid for the Australian carrier.
The International Air Carrier Assn. (IACA) has added Swiss carrier Hello AG as a full member. The charter airline has a fleet of four 174-seat Airbus A320s. Austrian Airlines Group (OS) is set to eliminate the brand Lauda Air by 2013 as part of its restructuring process. Currently only one Boeing 737-800 is outfitted in Lauda livery. The carrier was founded 1979 by former Formula-1 Champion Niki Lauda and was integrated into OS in 2002.
China Eastern Airlines (MU) expects to post improved results in the second half, due to the recovering market demand and falling fuel prices, according to MU CEO Ma Xulun.
Bangkok Airways (PG) is planning to list on the Stock Exchange of Thailand in early 2013, to enable it to acquire aircraft and build a new hangar at Suvarnabhumi, president Puttipong Prasarttong-Osoth told ATW.
