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Etihad wins FIPB approval for jet deal

India's foreign investment regulator gave conditional approval on Monday for a USD$379 million deal by Etihad Airways to buy a stake in Jet Airways, paving the way for more deals in the country's domestic aviation sector.
Etihad had agreed in April to buy a 24 percent stake in Jet in the first such deal since the Indian government allowed foreign airlines to own up to 49 percent of Indian carriers last September.
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Ryanair Q1 profit drops 21 percent

Irish low cost carrier Ryanair's first quarter profit fell 21 percent to EUR€78 million (USD$103 million) in the three months to June.
Ryanair said its average fares fell 4 percent due to the timing of Easter and the impact of air traffic control strikes in France. Non-ticket income from extras such as baggage and reserved seating rose 25 percent.
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Qatar Airways Grounds Another Boeing 787

Qatar Airways said on Friday it had taken one of its Boeing 787 Dreamliners out of service following what it described as a "minor" technical issue, as pressure mounted on Boeing over possible new electrical problems with the advanced jet.
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Avantair's future looks grim

The future of Avantair, the operator of Piaggio Avanti fractional ownership, Axis Lease and Edge Card flight access programs, was hanging in the balance at the end of Friday as the Clearwater, Fla.-based company urgently sought restructuring options following its June 26 cessation of operations. The shutdown came after a June 6 fleet grounding that followed concerns about proper tracking of time-controlled parts, which the company apparently swapped among aircraft in a bid to maintain fleet availability.
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American Airlines stakeholders vote on proposed merger

Creditors of American Airlines and other stakeholders will vote on Monday on the carrier's proposed merger with US Airways. The merger "has the support of many of our stakeholders," American spokesman Mike Trevino said. "We hope to see that support reflected in the voting, once the final tabulation is complete."
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US Airways to join oneworld alliance by 2014, exec says

US Airways plans to join the oneworld alliance by 2014, ending its relationship with Star Alliance. "We plan to be fully transitioned to oneworld by the beginning of next year," said J. Scott Kirby, president of US Airways. Kirby remains optimistic about the state of the airline industry, noting that: "Air travel continues to be a great bargain for consumers."
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Republic Airways share rise on news of sale

Investors reacted favorably to word that Republic Airways Holdings had secured a possible deal to sell its Frontier unit. Shares rose 5.6% on news that Republic has a potential buyer, whose name it did not disclose, for Frontier, which has been on the auction block since 2011.
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Boeing names new chief project engineer for 787

Boeing has announced Bob Whittington will take over the role as chief project engineer for the 787. Mike Sinnett, the previous chief engineer for the 787, will serve as vice president of product development.
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FAA issues GPS guidance for overseas airlines

The Federal Aviation Administration issued guidance to all foreign airlines advising the use of GPS systems to guide landings at San Francisco International Airport.
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NTSB chairwoman's 2nd term ends next month
Deborah Hersman, the chairwoman of the U.S. National Transportation Safety Board, does not know if she will return for a third term. Her second term ends on Aug. 3. "That is a decision that the White House will make," she said. "Right now I’m focused on the work that’s in front of us from this past week."
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Boeing: 777 corrective action was taken and matter closed in 2010
The Federal Aviation Administration has proposed a fine against Boeing for quality control issues with fasteners installed on the Boeing 777. Boeing said it is working with the FAA to "understand and address any remaining concerns." The aircraft manufacturer said it had taken corrective action and closed the matter in November 2010.
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Boeing asks for beacon checks on 1,200 jets

Boeing has asked airlines to inspect up to 1,200 aircraft to gather data on Honeywell emergency beacons that have come under scrutiny following a fire on a parked 787 Dreamliner two weeks ago.
The blaze caused serious damage to the Ethiopian Airlines jet at London's Heathrow airport on July 12.
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Chicago O'Hare receives grant for runway improvements
Chicago O'Hare International Airport received a $65 million grant for runway improvements from the federal government. Rep. Mike Quigley, D-Ill., said "modernizing Chicago O'Hare will ensure the airport remains one of the top travel and shipping hubs in the country."
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More time needed to study devices on planes
A panel of experts convened by the Federal Aviation Administration says it needs more time to consider whether it's safe for passengers to use electronic devices on flights. The panel, which is pushing back the date for its recommendations to Sept. 30, has received a flood of comments from the public on both sides of the issue, with some passengers expressing irritation that they can't use e-readers on board planes and others worried about people missing safety instructions because they're engaged with gadgets.
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Aviation Quote

It's better to miss the lead story at 6 . . . than to become the lead story at 11.

— Bruce Erion, President of the National Broadcast Pilots Assn., 1999.

On This Date

---In 1909... The Rinji Gunyo Kikyu Kenkyu Kai (Provisional Committee for Military Balloon Research) is formed in Japan.

---In 1914…Norwegian pilot Tryggve Gran makes the first crossing of the North Sea by airplane, flying his Bleriot from Cruden Bay, Scotland to Revtangen, Norway. Unfortunately for Mr. Gran, Europe was focused on the conflagration which would become World War I, which had begun brewing a month earlier with the assassination of Archduke Ferdinand, and Gran’s feat received little attention.

---In 1921... Swiss pilot, Francois Durafour, achieves a daring first by landing his airplane on the slopes of Mont Blanc, Europe’s highest mountain in the Alps.

---In 1924... Two Japanese airmen, Yukichi Goto and his flight engineer Minezo Yonezawo, return to Osaka after completing the first flight around Japan. The flight covers 2,727 miles and takes over 33 hours.

---In 1935... Lieutenant Frank Akers of the U.S. Navy becomes the first person to make a “blind” landing at sea. His biplane has a hooded cockpit allowing him to see only his controls and instruments. He lands on the USS Langley.

---In 1958…First flight of the de Havilland Canada DHC-4 Caribou CF-KTK-X.

---In 1971…All Nippon Airways Flight 58, a 727-200 (JA8329) collides with a Japan Air Self-Defense Force F-86F fighter jet (92-7932) 26,000 feet above Shizukuishi, Japan, killing all 162 on board the airliner. The fighter pilot ejected and survived. At the time it was the deadliest air disaster in history.

---In TWA Flight 843, a Lockheed L-1011 Tristar (N11002) departing New York’s JFK Airport (JFK) for San Francisco (SFO), aborts takeoff shortly after liftoff, skids off the end of Runway 13R and burns. Despite the fire and only three available exits, all 280 passengers and 12 crew manage to escape with their lives. The NTSB would conclude pilot error was to blame for the accident, but witnesses say the plane was on fire before it lifted off.

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Humor

Training The Blonde

An airline captain was breaking in a very pretty new blonde stewardess. The route they were flying had a stay-over in another city, so upon their arrival, the captain showed the stewardess the best place for airline personnel to eat, shop and stay overnight.

The next morning as the pilot was preparing the crew for the day's route, he noticed the new stewardess was missing. He knew which room she was in at the hotel and called her up wondering what happened to her. She answered the phone, sobbing, and said she couldn't get out of her room.

"You can't get out of your room?" the captain asked, "Why not?"

The stewardess replied, "There are only three doors in here, "she cried," one is the bathroom, one is the closet, and one has a sign on it that says 'Do Not Disturb'!"

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