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News in brief

01 October 2006

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A consortium comprising of AIG Financial Products Corp, Crédit Suisse and GE Infrastructure has bought London City Airport. The acquisition is subject to European Union merger clearance, which should be given in November. Northwest Airlines will from July 2007 fly the Hartford to Amsterdam service using 757-200 aircraft modified with winglets. The airline will operate the service in partnership with KLM, and it will be the only non-stop Hartford to Amsterdam service offered by any of the US airlines. General Electrics has made a big impression in China. The engine company has won the engine orders for four of the five airlines that will be operating 787 aircraft. It will be responsible for 42 aircraft in the country. The engines and related business is worth more than $1 billion to the company. In September 498,007 passengers flew from the Nottingham East Midlands Airport in England, an increase of 13% over September 2005. Passengers...

  1. ILFC to raise a $900m term loan

  2. China rejects ETS

  3. Malev planes grounded at Shannon airport

  4. ING: All airlines should have access to ECA finance

  5. BOC Aviation issues RFP

Quote

"Airbus and Boeing are in a competitive situation where they are sold out for years. Some of the orders they took will most likely not materialize or will be substantially delayed."

Adam Pilarski, senior vice president, Avitas

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