(*) Malaysian Airline shares sink to record low on rights plan:
Shares in Malaysian Airline System Bhd (MAS) tumbled more than 20 percent to an all-time low on Wednesday as the national carrier's 3.1 billion ringgit ($1 billion) rights issue p
(*) Aircraft's tyre bursts while taxiing :
Around 125 passengers on board a Muscat-Chennai Oman Air flight had an escape after nose wheel of the aircraft burst while taxiing after landing at Chennai airport on Monday. Nobody was injured in the
Airport sources said that the flight landed at 6.30am and was taxiing near cargo terminal when a tyre burst and the aircraft was halted. The pilot informed the air traffic control about the incident. Controllers closed the taxi way and alerted the apron from where a pushback vehicle was brought and the aircraft was towed to the parking bay.
Source: Times of India
(*) India’s Jet, SpiceJet in stake talks with Etihad, AirAsia:
Struggling Indian carriers Jet Airways and SpiceJet are in talks with Abu Dhabi’s Etihad Airways and Malaysia’s AirAsia Bhd to sell minority stakes, a senior government official w
Jet shares rose about 14.3 per cent and SpiceJet jumped as much as 19.2 per cent on Monday, continuing their rallies from last week amid speculation that they may become the first Indian carriers to secure foreign investment.
India changed its rules in September to allow foreign carriers to buy stakes of up to 49 per cent in local airlines, which have been battered by fierce competition and high operating costs.
The Jet-Etihad tie-up would be the biggest of the two deals, with a possible value of up to nearly $440 million (Dh1.62 billion), but the government official provided no details on the stakes involved or costs.
Talks between Etihad and Jet, which has 100 planes and is India’s largest airline by total passengers carried, have been the subject of recent media reports citing unnamed sources.
“The talks are on. This is more or less final. It may take around a month and half,” the government source told reporters, referring to the Jet-Etihad negotiations.
Source: Reuters/Gulf News
(*) Air India eyes over Rs.2,500 crore from sale of Boeing 777s :
After failing to find any lessor for its five Boeing 777s, the debt-laden Air India is now planning an outright sale of these aircraft to raise up to about Rs 2,500 crore, airli
Earlier, the carrier had sought to ‘sale and lease back’ the fuel-guzzling five Boeing 777-200 LR planes, which are of 2007 and 2009 make.
However, despite repeated attempts, Air India did not find any taker for them, eventually forcing to put them on the block.
Shares in Malaysian Airline System Bhd (MAS) tumbled more than 20 percent to an all-time low on Wednesday as the national carrier's 3.1 billion ringgit ($1 billion) rights issue p
lan triggered fears of share dilution and uncertainty over the move.
MAS was down 17.8 percent at 83 sen as of 0254 GMT, after falling as much 20.8 percent earlier, its biggest single-day drop in about 14 years.
MAS also said it will reduce the par value of its shares to 90 sen from 1 ringgit in order to build a credit reserve of 8 billion ringgit. The company raised 2.7 billion ringgit in a rights issue in 2010.
The company saw its performance improve on lower fuel costs after it cut unprofitable routes, asserting that cost management remained a priority going forward.
MAS shares are down about 22.5 percent since the beginning of the year. In February, the company reported its worst-ever loss of 2.5 billion ringgit for 2011, surprising analysts who had expected its restructuring to limit losses.
Source: Reuters
MAS was down 17.8 percent at 83 sen as of 0254 GMT, after falling as much 20.8 percent earlier, its biggest single-day drop in about 14 years.
MAS also said it will reduce the par value of its shares to 90 sen from 1 ringgit in order to build a credit reserve of 8 billion ringgit. The company raised 2.7 billion ringgit in a rights issue in 2010.
The company saw its performance improve on lower fuel costs after it cut unprofitable routes, asserting that cost management remained a priority going forward.
MAS shares are down about 22.5 percent since the beginning of the year. In February, the company reported its worst-ever loss of 2.5 billion ringgit for 2011, surprising analysts who had expected its restructuring to limit losses.
Source: Reuters
(*) Aircraft's tyre bursts while taxiing :
Around 125 passengers on board a Muscat-Chennai Oman Air flight had an escape after nose wheel of the aircraft burst while taxiing after landing at Chennai airport on Monday. Nobody was injured in the
incident. The aircraft was later towed to the parking bay.
Airport sources said that the flight landed at 6.30am and was taxiing near cargo terminal when a tyre burst and the aircraft was halted. The pilot informed the air traffic control about the incident. Controllers closed the taxi way and alerted the apron from where a pushback vehicle was brought and the aircraft was towed to the parking bay.
Source: Times of India
(*) India’s Jet, SpiceJet in stake talks with Etihad, AirAsia:
Struggling Indian carriers Jet Airways and SpiceJet are in talks with Abu Dhabi’s Etihad Airways and Malaysia’s AirAsia Bhd to sell minority stakes, a senior government official w
ith direct knowledge of the talks said.
Jet shares rose about 14.3 per cent and SpiceJet jumped as much as 19.2 per cent on Monday, continuing their rallies from last week amid speculation that they may become the first Indian carriers to secure foreign investment.
India changed its rules in September to allow foreign carriers to buy stakes of up to 49 per cent in local airlines, which have been battered by fierce competition and high operating costs.
The Jet-Etihad tie-up would be the biggest of the two deals, with a possible value of up to nearly $440 million (Dh1.62 billion), but the government official provided no details on the stakes involved or costs.
Talks between Etihad and Jet, which has 100 planes and is India’s largest airline by total passengers carried, have been the subject of recent media reports citing unnamed sources.
“The talks are on. This is more or less final. It may take around a month and half,” the government source told reporters, referring to the Jet-Etihad negotiations.
Source: Reuters/Gulf News
(*) Air India eyes over Rs.2,500 crore from sale of Boeing 777s :
After failing to find any lessor for its five Boeing 777s, the debt-laden Air India is now planning an outright sale of these aircraft to raise up to about Rs 2,500 crore, airli
ne sources said.
The state-run airline will soon appoint a consultant to help it find a suitable buyer besides taking the assistance from Boeing on the issue, they said. The move is to trim over Rs 68,000-crore debt, they added.
“These are surplus aircraft after the induction of the latest Dreamliners in our fleet which we have decided to dispose of,” Air India sources told PTI on Monday.Earlier, the carrier had sought to ‘sale and lease back’ the fuel-guzzling five Boeing 777-200 LR planes, which are of 2007 and 2009 make.
Source: The Hindu
(1) SAA and Mango fleet details for FY2011/12:South African Airways (SAA)
operated (26-Nov-2012) a fleet of 55 aircraft as of 31-Mar-2012, comprising 14 Boeing 737-800s, 11 A319-100s, nine A340-600s, eight A340-300s, six A330-200s,two A320-200s, one A340-200, two 737-300Fs and two 737-200Fs.
(2) Oman Air planning expansion of Germany routes:
Oman Air plans to expand services to/from Germany. The carrier plans to increase Muscat-Frankfurt service, currently operated six times weekly, to daily. Munich will also see a frequency increase from four times weekly to daily. The carrier will also feature Berlin Brandenburg in its network upon its opening.
Source: fluege.de
(3) British Airways is to allow passengers to watch and listen to in-flight entertainment from boarding through to landing, following an assessment of safety considerations.
Chief executive
 |
(1) SAA and Mango fleet details for FY2011/12:South African Airways (SAA)
operated (26-Nov-2012) a fleet of 55 aircraft as of 31-Mar-2012, comprising 14 Boeing 737-800s, 11 A319-100s, nine A340-600s, eight A340-300s, six A330-200s,two A320-200s, one A340-200, two 737-300Fs and two 737-200Fs.
Mango operated a fleet of five 737-800s.
SAA plans to increase its long-haul fleet from 24 to 31 aircraft and replace its 737-800s with A320s in the next five years.
Source; SAA
Source; SAA
(2) Oman Air planning expansion of Germany routes:
Oman Air plans to expand services to/from Germany. The carrier plans to increase Muscat-Frankfurt service, currently operated six times weekly, to daily. Munich will also see a frequency increase from four times weekly to daily. The carrier will also feature Berlin Brandenburg in its network upon its opening.
Source: fluege.de
(3) British Airways is to allow passengers to watch and listen to in-flight entertainment from boarding through to landing, following an assessment of safety considerations.
Chief executive
Keith Williams, speaking at a BA event in London on 26 November, said the airline would no longer "pull the plug" - typically about 20min from touchdown - on passengers who wished to continue using the IFE.
BA will introduce the new policy on 1 December.
The airline says it carried out safety assessments in collaboration with the Civil Aviation Authority on a number of flights including services to Moscow and Tel Aviv. A spokesman for the carrier says these "went extremely well".
Passengers will be allowed to continue using the IFE but only if they are using BA's own headsets, to ensure that they can hear cabin announcements. BA says passengers will still be able to use their own headsets during cruise.
The precise point at which the IFE will be switched off will depend on the aircraft type. Most of the long-haul fleet is already capable of supporting the new scheme, but BA is still upgrading cabins on eight older Boeing 777-200s.
Source: Flightgloble
BA will introduce the new policy on 1 December.
The airline says it carried out safety assessments in collaboration with the Civil Aviation Authority on a number of flights including services to Moscow and Tel Aviv. A spokesman for the carrier says these "went extremely well".
Passengers will be allowed to continue using the IFE but only if they are using BA's own headsets, to ensure that they can hear cabin announcements. BA says passengers will still be able to use their own headsets during cruise.
The precise point at which the IFE will be switched off will depend on the aircraft type. Most of the long-haul fleet is already capable of supporting the new scheme, but BA is still upgrading cabins on eight older Boeing 777-200s.
Source: Flightgloble
(4) Qatar 787 to make Heathrow debut on 13 December:
Qatar Airways will launch Doha-London Heathrow services using its new Boeing 787 on 13 December.
It will be the first airline to serve the UK using the new Boeing.
Initially, one of the air
Qatar Airways will launch Doha-London Heathrow services using its new Boeing 787 on 13 December.
It will be the first airline to serve the UK using the new Boeing.
Initially, one of the air
line's five daily flights will be operated with the Dreamliner. Flight QR075 will depart Doha at 06:25 local, arriving at Heathrow at 11:05. The return flight, QR076, leaves Heathrow at 15:05, arriving in Doha at 00:45.
The airline took delivery of its first 787 earlier this month and the twinjet has been operated on intra-Gulf routes to allow Qatar's staff to familiarise themselves with the new aircraft.
Its second of 60 Dreamliners has also arrived in Doha, the airline says.
Source: Flightgloble
The airline took delivery of its first 787 earlier this month and the twinjet has been operated on intra-Gulf routes to allow Qatar's staff to familiarise themselves with the new aircraft.
Its second of 60 Dreamliners has also arrived in Doha, the airline says.
Source: Flightgloble
(5) Volga Dnepr Airlines and HNA Group seen as key potential candidates for Cargolux stake:
Russia’s Volga Dnepr Airlines and China’s HNA Group reportedly lead the list of potential candidates to replace Qatar Airways as a 35% shareholder in
Russia’s Volga Dnepr Airlines and China’s HNA Group reportedly lead the list of potential candidates to replace Qatar Airways as a 35% shareholder in
Cargolux.
As previously reported, Qatar Airways earlier this month announced it would be relinquishing its 35% stake as a result of differences with other shareholders over strategy and the appointment of interim CEO Richard Forson on a permanent basis.
Source: lloydsll.com
As previously reported, Qatar Airways earlier this month announced it would be relinquishing its 35% stake as a result of differences with other shareholders over strategy and the appointment of interim CEO Richard Forson on a permanent basis.
Source: lloydsll.com
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