- Delta Signs LOI for Lease of 10 757s[Jul. 17, 2006]
Delta Air Lines told the US Bankruptcy Court in New York last week that it has signed a letter of intent with ILFC to lease 10 757-200ERs.The aircraft, powered by Pratt & Whitney PW2037s, will be delivered from July 15 through Nov. 15, 2007, after undergoing C checks and painting, and will be leased for seven years and three months each, according to the filing. The rent figures were not disclosed.
- Releases of Aviation Research Group/US[Jul. 16, 2006]
Aviation Research Group/US (ARG/US) has released an upgraded version of its industry-leading on-line Charter operator Evaluation & Qualification system (CHEQ). Customers can now search for appropriate charter aircraft by city, cabin size or number of passengers, and onboard safety equipment. All results include the charter company's ARG/US Safety Rating, making vendor selection a streamlined process.
- Jetstar Lines Up Foreign Routes[Jul. 17, 2006]
Jetstar expects to unveil its new range of low-cost international fares in the next few weeks and has promised it will pull out all stops to promote them.
- Former FAA Employee Convicted: Tax Evasion[Jul. 11, 2006]
55-year-old Billy T. Severence of Memphis, a former employee of the Federal Aviation Administration, was convicted in federal court of failure to file income tax returns and income tax evasion.
- Malaysia Airlines Wins Pricing Freedom[Jul. 12, 2006]
Malaysia Airlines received government authority to increase its revised domestic network by three cities--Kuching, Tawau and Sandakan--and to price tickets on the routes as it chooses.
- China, Japan Boost 20% Passenger Flights[Jul. 13, 2006]
Japan and China hope to forge an accord that would boost passenger flights between the two countries by 20 percent and double cargo volume, the Financial Times newspaper reported, citing industry sources.
- Grand Mercure Plans China Arrival[Jul. 12, 2006]
Yalong Bay in Sanya on Hainan Island, is set to be the home of the first Grand Mercure resort in the country when the Grand Mercure Yalong Bay, Sanya opens late 2007.
- Qantas Cleared for Asian Take-off[Jul. 13, 2006]
Qantas's strategy to co-ordinate its flying operations with airline investments in Asia jumped another hurdle yesterday when the Australian competition regulator gave the flying kangaroo the green light to work closely with Singapore-based Orangestar.
- Press: Overseas Firms Might Take A Bid[Jul. 11, 2006]
Chicago expects foreign bidders to dominate next year's leasing of Midway International Airport, even with the U.S. political climate decrying foreign ownership of critical infrastructure, The Financial Times reported on its Web site Monday.
- Mineta Calls Rejecting 'Pure Folly'[Jul. 10, 2006]
Outgoing US Transportation Secretary Norman Mineta said the US government must push forward with its proposal to allow increased involvement in US airlines by foreign investors even though Congress has shown little appetite for change.Giving his farewell address to the US Chamber of Commerce in Washington last week, Mineta said foreign investment in US transportation infrastructure, including airports and airlines, will be critical to the future health of the aviation industry and the overall US economy.