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Showing posts with label Air Canada. Show all posts
Showing posts with label Air Canada. Show all posts

Tuesday, February 17, 2009

Airlines Canada

Air Canada only emerged from its last round of bankruptcy protection in 2004. But the economic crisis has hammered most international carriers as traffic has dropped, forcing them to cut routes, reduce capacity and lay off employees.

Air Canada last year cut 2,000 jobs and reduced capacity by 7 percent and has made more cuts since.

Chief Executive Montie Brewer said on Friday -- as Air Canada announced an unexpectedly large loss of CAD$727 million for the fourth quarter of last year -- that the airline would seek to reduce costs by another CAD$100 million and shave capacity by a further 3.5 percent.

The company said on Friday it has shored up its balance sheet with CAD$641 million in new financing, but warned that the recession may put more pressure on its revenue in 2009. Air Canada said it has up to CAD$1 billion of assets it could use to increase its liquidity if needed.

Saturday, January 31, 2009

First China-Built Airbus Due In July

China's Sichuan Airlines will become the world's first carrier to receive an Airbus built outside Europe when it takes delivery in July of an A320 assembled in China, an Airbus staff memo said.

Details of the historic delivery, almost four decades after the plane maker was born as a four-nation European consortium, were disclosed to employees in the internal note this week.

It comes as Airbus prepares to sign separate deals with China over investment in its next model, the A350, which will include new carbon materials and will be assembled in France.

Airbus began assembling some of its A320 model of jets in Tianjin near Beijing in September from fuselage parts shipped from Europe.

According to the memo, the Tianjin factory is now full, with four airframes assembled and a fifth in position.

Airbus and rival Boeing have been turning to Asian markets, led by China, for growth as demand weakens at home.

However, China too is now succumbing to the global economic crisis. In December, Beijing encouraged airlines to cancel or postpone 2009 deliveries due to falling air traffic.

Tianjin A320s are assembled from fuselage parts shipped from factories in France, Germany, Spain and Britain. Airbus aims to reach local Chinese output of four A320s a month by end-2011.

Under pressure over jobs, Airbus says Tianjin will serve the Chinese market and that most construction will remain in Europe.

It says the move will lock in a good slice of the 3,000 new planes Airbus predicts China will need over the next 20 years.

But it faces criticism from European unions who say the move adds to outsourcing fears amid the recession and could result in the loss of European technology to a potential jet maker rival.

Airbus has suspended plans to lift total A320-family output to 40 planes a month from 36 due to the global economic crisis.

For now its Chinese production plans remain intact. So if the overall output freeze lingers, assembly of up to 4 planes a month could be transferred to China from Europe. However, with the industry in turmoil due to a drop in air travel, Airbus has said it cannot make firm predictions even for 2009.

Most analysts expect production to be hit everywhere as the recession bites before rebounding on signs of recovery.

Sichuan Airlines, a mid-sized carrier partly owned by China Southern Airlines, operates more than 130 routes, almost entirely within China, with a fleet of 40 jets.

Details of the first Airbus to be made in China emerged as EADS invited China to produce high-tech materials for its next generation of Airbus, the future mid-sized lightweight A350.

A deal to build a plant in Harbin was due to be signed on a visit to Spain by Chinese Premier Wen Jiabao on Friday.

Another deal is expected as he visits Britain on Monday, when Xi'an Aircraft International will sign a parts manufacturing agreement with Airbus, a person familiar with the transaction said.

Spain has a 5 percent stake in EADS, which is controlled by French and German interests with two factories also in Britain.

Thursday, January 29, 2009

royal jordanian airlines

In 1963, His Majesty King Hussein of Jordan issued a Royal Decree for the setting up of a national air carrier. His words were unforgettable. "I want our national carrier to be the ambassador of goodwill and the bridge across which we exchange culture, civilization, trade, technology, friendship and better understanding with the rest of the world." 

Inspired by this royal vision, Alia (later renamed Royal Jordanian) launched its operations. 

Royal Jordanian's role as Jordan's national carrier has now long been established. Today, under the invaluable guidance and directives of His Majesty King Abdullah II, the airline carries out its mission, while continuously modernizing and upgrading its services, renewing its fleet and expanding its route network and operations.

Royal Jordanian's headquarters are located in the heart of the capital, Amman, and its flights are operated from Queen Alia International Airport (QAIA). Its modern fleet covers a network of 54 destinations on four continents.

The airline owns Royal Wings, a Royal Jordanian subsidiary company dedicated to charter business, operating from Amman Civil Airport in Marka. It also owns 20% of Jordan Airline Training and Simulation Limited (JATS), 20% of Jordan Aircraft Maintenance Limited (JorAMCo), 20% of Alpha (the flight catering services company) and 6% of the Royal Jordanian Air Academy. 

In view of its reputation and international level of competitiveness, the airline was honored when the prestigious oneworld airline alliance invited Royal Jordanian to join its elite membership, of which the most important are, American Airlines, British Airways, Iberia, Cathay Pacific, Japan Airlines and others. RJ is thus the first Arab and regional air carrier selected to join any of the three global airline alliances (oneworld, SkyTeam and Star Alliance), and the first airline to join oneworld in the last five years. 

The airline officially joined oneworld on April 1, 2007, after it completed all technical and technological requirements to become part of the grouping.

Royal Jordanian currently has marketing alliances, through code-sharing, with several International airlines including Air Canada, American Airlines, Gulf Air Company, Iberia, Yemen Airways, Malev Hungarian Airlines , Syrian Arab Airlines ,Thai Airways, Tarom, US Airways, Ukrainian Mediterranean Airlines.