Korean Air (Seoul) and Bombardier Aerospace (Toronto) announced on July 29 that the Letter of Intent (LOI) from Korean Air signed on June 21 at the 2011 Paris Air Show to acquire 10 CS300 airliners has now been converted into a firm order. The transaction also includes options on 10 CS300 aircraft and purchase rights for an additional 10 CS300 aircraft.
The firm order makes Korean Air, the launch customer for the CSeries aircraft in Asia.
Korean Air’s CS300 aircraft will be powered by Pratt & Whitney geared turbofan PW1521G engines. Designed for the growing 100- to 149-seat market, the CSeries family of aircraft combines advanced materials, leading-edge technology and proven methods to meet commercial airline requirements in 2013 and beyond.
The CSeries aircraft family will offer a 15 per cent cash operating cost advantage and a 20 per cent fuel burn advantage, greatly reduced noise and emissions as well as superior operational flexibility, exceptional airfield performance and a range of 2,950 nm (5,463 km). It will also provide passengers with widebody-style seating in a single-aisle aircraft.
The Korean Air transaction increases firm orders for the CSeries family of airliners to 133 aircraft. Other customers that have firm orders for CSeries aircraft include Republic Airways (40 CS300 aircraft), Deutsche Lufthansa AG (30 CS100 aircraft), Lease Corporation International Group (17 CS300 and three CS100 aircraft), Braathens Aviation (five CS100 and five CS300 aircraft), a well-established, unidentified airline (three CS100 aircraft), an unidentified major network carrier (10 CS100 aircraft) and an unidentified European customer (10 CS100 aircraft). These customers have also taken 119 options and 10 purchase rights on CSeries jetliners.
ANA (All Nippon Airways) (Tokyo) has deferred deliveries of four Boeing 787 Dreamliners and forecast a 14 percent decline in its full-year profit after an earthquake tsunami disrupted travel to and from Japan. ANA forecast it will post a net profit of $258 million for the full fiscal year ending in March.
ANA will now receive 20 787s in the two years ending on March 31, 2013, compared with the 24 previously planned according to this report by Bloomberg.
Read the full report: CLICK HERE
Copyright Photo: Nick Dean. Please click on the photo for additional information.
IAG (International Airlines Group) (British Airways and Iberia) (London) swung to a first half profit.
Read the full report from the Guardian: CLICK HERE
In other news, CEO Willie Walsh wants to acquire and merge TAP Portugal (Lisbon) with IAG according to this report by Bloomberg.
Read the full report: CLICK HERE
Copyright Photo: Gilbert Hechema.
US Airways (Phoenix) filed a lawsuit yesterday against the pilot’s labor union. The suit asks the federal court to prevent the labor group from conducting activities the airline claims are affecting its operations according to this report by Reuters.
Read the full report: CLICK HERE
US Airways Slide Show: CLICK HERE
Copyright Photo: David Neal.
Trans States Airlines’ (TSA) (St. Louis) pilots, represented by the Air Line Pilots Association, International (ALPA), voted to ratify a contract reached with management earlier this month. According to the union, of the 85 percent of eligible pilots who voted, 93 percent voted to ratify the agreement, which includes a signing bonus, wage increases, better work rules, and stronger job security provisions.
Trans States Slide Show: CLICK HERE
Copyright Photo: Brian McDonough. Please click on the photo for additional details.
Caribbean Airlines’ (Port of Spain) flight BW 523 operated by the pictured Boeing 737-8BK 9Y-PBM (msn 29635), has overshot the runway on landing at Georgetown, Guyana this morning and broke into two sections according to reports by the Associated Press. There are reports of some minor injuries.
The company issued the following statement:
At 1.32am on Saturday 30 July, a Caribbean Airlines aircraft (Boeing 737-800), operating as flight # BW523, en route from Port of Spain, Trinidad to Georgetown, Guyana was involved in an incident upon landing at the Cheddi Jagan International Airport in Guyana.
Caribbean Airlines immediately activated its emergency response programme and is in direct contact with the relevant authorities. The airline’s primary concern at this time is for those on board the aircraft and their families.
Emergency response teams at CJIA were activated at Airport and all passengers and crew have been evacuated. There were 157 passengers and six crew on-board. Up to press time, this is the update that we have:
· There have been no fatalities.
· Passengers are still receiving medical attention and we are working closely with the medical services in Guyana
The Guyana Civil Aviation Authority has closed the Cheddi Jagan Aerodrome until 10.00hrs while an investigation is being conducted. Perimeter around aircraft has been secured and is being guarded by the Guyana Defence Force and Police Officials.
The Emergency response committee at CJIA has approved the re-opening of the airport from 10.00hrs.
We would like to reiterate that Caribbean Airlines Teams have been positioned to deal with the affected passengers, and a management team including Head of Corporate Communications, Vice President Operations, Executive Manager Flight Operations/Chief Pilot, Vice president Maintenance & Engineering, Executive Manager Inflight Services and Executive Manager Quality, have departed for Guyana. Our Acting CEO in line with procedures is at our EMERGENCY COMMAND CENTRE co-coordinating operations and is in constant communications with the authorities in Guyana.
Customer enquiries may be directed to the following numbers:
US – 1 800 786 3891
CANADA – 1 800 380 6057
CARIBBEAN – 1 800 744 6453
The airline then issued a follow-up statement:
Caribbean Airlines BW523 en route from Port of Spain, Trinidad to Georgetown, Guyana was involved in an incident at the Cheddi Jaggan International Airport at approximately 1:32am today 30 July, 2011.
There were 157 passengers and 6 crew members on board, all of whom were accounted for.
A Caribbean Airlines team consisting of technical support staff and executives was dispatched immediately to the accident site to assist passengers, and to work with the local authorities in the emergency response and investigations. The Caribbean Airlines executive team and technical support staff are at the scene to offer full support to the injured in Georgetown. A relatives/customer assistance hotline has been established at our emergency centre in Piarco, and counselling is being provided to passengers and family members.
A press conference was held earlier today in Georgetown just after midday. In attendance were Chairman- George M. Nicholas III, Head Corporate Communications- Mrs. Laura Asbjornsen, Vice President Operations – Captain Thomas Lawrence and Vice President Maintenance and Engineering – Mr Colville Carrington. It was confirmed that the Guyana Civil Aviation Authority will be spearheading the investigation and will be assisted by the National Transportation Safety Board (NTSB) in the U.S. and the Trinidad and Tobago Civil Aviation Authority (TTCAA).
The team ensured that its CARE policy for affected passengers and crew was deployed in Georgetown. The airline has engaged the services of a company from the United States, together with regional personnel to implement in accordance with this policy.
Caribbean Airlines understands the public’s desire to gain information related to this event and is fully committed to providing details. We are guided by both Guyanese and U.S. authorities which limits our availability to communicate details of the event unless they are confirmed by the relevant authorities. We ask for your understanding as the airline must take strict precautions to ensure all the facts are accurate before they are released.
Caribbean Slide Show: CLICK HERE
Copyright Photo: Nigel P. Steele. Please click on the photo for additional information.
Tibet Airlines (Lhasa) formally launched operations on July 26, 2011 with the assistance of Air China (Beijing). Air China has acquired a 31% share in the new airline.
Read the full story from China Daily: CLICK HERE
Copyright Photo: Gerd Beilfuss. Please click on the photo for the full story.