Industry Update and Commentary 04Oct10
- Syrian Arab Airlines is now talking with Russian Manufacturer Tupelov. They had been trying to set up a deal with Airbus, but US pressures on the EU have caused talks to fall apart.[Granted, Russia has not had the greatest reputation when coming to building airplanes.....however, Ilyushin has improved, and Antonov is now doing right what Boeing is doing wrong.....but Tupelov is another story. The TU-154 has had the most accidents of any passenger airliner. Even Iran, who doesn't have much choice in what they can buy, is not buying them either. ]The recent terrorism alert for Europe has not had any noticeable effect on ticket bookings/cancellations. [Some of us "smell fish" in this one, to begin with. Too often, in the past, the USA has issued advisories concerning certain countries and airports....but it seems like more than a coincidence that it is also a country that we want to convince something politically, there is the timing of this announcement. Especially in light of the Syria/Airbus deal, which just cancelled due to US pressure.....hmmm... ]All eyes are on American, now. With Delta/Northwest, United/Continental, and Southwest/AirTran together in some form, it will be interesting to see what AA will do to counter this. The only possible merger partners for American are Alaska and/or US Airways......or has American "had enough" after taking over TWA? [Personally, with less carriers now, we can charge higher fares for tickets. Maybe AA will "take the high road" by starting a fare increase. After all, they are the ones that started the charges for bags, at least in the USA.]The Russians are planning to have a new hotel in space, as part of the international space station, and are already taking bookings.JAL got close to $6 Billion from the Japanese government. This is on top of $30 billion from private investors.Naples airport, who was part of Britain's BAA, will now revert to local Italian ownership.Sinagpore Airlines plans to expand service to South America. They will be adding SIN-Barcelona-Sao Paulo service in March.