- Britain's BAA Considers China Investment[Mar. 28, 2006]
Takeover target BAA PLC said Tuesday it was considering investing in airports in China as passenger growth at its British airports slows this year.
- AVIO to produce aircraft seats in China[Mar. 27, 2006]
The Italian-based aeroplane chair company AVIO will produce chairs in its joint venture in Hubei Province in central China.
- Ferrovial To Meet BAA Shareholders[Mar. 27, 2006]
Spain's Grupo Ferrovial has scheduled more meetings with BAA shareholders this week as it seeks support for its GBP?8.8 billion (USD$15.37 billion) bid for the British airports group, a source familiar with the situation said on Monday.
- No A380 sales in Lat-Am before 2010[Mar. 27, 2006]
Airbus does not expect to sell its wide-body, long-haul A380 aircraft in Latin America before 2010, a regional executive for the European plane maker said on Monday.
- BMI passenger numbers collapse in battle[Mar. 27, 2006]
Britain's BMI is suffering a collapse in passenger numbers as it loses out in a dogfight with low-cost rivals, train operators and European flag carriers, reports The Guardian.
- Hong Kong Express Airways selects SITA[Mar. 27, 2006]
Hong Kong Express Airways (HKE) has signed a three-year contract with SITA for the Horizon portfolio to include the use of SITA Reservations-the system of choice used by over 160 airlines worldwide to manage their distribution and sales processes.
- Styrian Spirit shuts down[Mar. 27, 2006]
Austrian Regional carrier Styrian Spirit shut down operations Friday, stranding hundreds of passengers, and subsequently declared insolvency.The Graz-based airline had been hopeful of securing a potential partner who would have injected ?5 million ($6 million), but the deal fell through and 152 employees will lose their jobs. CEO Andreas Roesslhuber told ATWOnline a few days prior to the closure that the carrier needed ?6-?9 million in fresh capital. Total debts are estimated at around ?44.4 million.
- Lufthansa achieves more than expected[Mar. 25, 2006]
Lufthansa has shared that it generated total revenue of 18.1 billion euros in 2005, which was 6.5 percent more than in 2004. The Lufthansa Group increased operating profit in 2005 by 50 percent to 577 million euros. (3/25/2006)
- Boeing begins to assemble last 717[Feb. 06, 2006]
Boeing has begun final assembly of the 156th and final 717, an aircraft that was integrated into the manufacturer's product line after the 1997 acquisition of McDonnell Douglas.
- Ferrovial eyes for UK airports operator[Feb. 08, 2006]
The Spanish construction giant Ferrovial has just issued a statement saying it is considering leading a take-over bid for UK airport operator BAA (formerly the British Airports Authority).