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AVIATOR.AERO NEWS New ‘Leasing Exposure Draft’ released today jointly by accounting organizations, IASB and FASB, includes changes particularly affecting operating leases of aircraft, according to KPMG.

posted Aug 20, 2010, 7:43 AM by Rowan Hewitt

New ‘Leasing Exposure Draft’ released today jointly by accounting organizations, IASB and FASB, includes changes particularly affecting operating leases of aircraft, according to KPMG.

India’s domestic air traffic rises 14 percent in July 2010 and 20.7 percent in 1H 2010.

Ethiopian Airlines to make Beijing its East Asian hub, due to increasing development in economy and trade between China and Africa. Carrier plans to begin operating B777 instead of B767 on Adis Ababa – Beijing route from December 2010. Launch of services to Shanghai or Hangzhou planned in near future, too.

Ethiopian Airlines and CAA of Djibouti in dispute over landing rights due to operational reasons. Ethiopian subsequently suspended its scheduled passenger flights to Djibouti indefinitely, as of August 1.

LGW (Germany) applies to US regulators for intra-Europe codeshare with American Airlines (US) via wet lease with Air Berlin (Germany), utilizing Q400 aircraft.

Qantas Airways (Australia) receives draft approval to extend codeshare with South African Airways on flights between Australia and South Africa for additional year until December 2011.

Start-up Tibet Airlines to purchase three A319s, in deal valued at US$223.2 million at list prices. Carrier scheduled to launch operations in mid-2011.

Mexicana pilot union proposes investment fund Advent International as new shareholder of airline in exchange for accepting carrier’s labor conditions. Deal remains in talks.

Pembroke Capital (Ireland) posts current year profit of US$28.3 million on revenues of US$156.4 million compared to previous year profit of $13.3 million on revenues of US$73 million.


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