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SHANGHAI (Reuters) - China’s aviation regulator will reduce Air China’s Boeing 737 flights by 10 percent and cancel licenses of the pilot and co-pilot involved in an emergency descent last week, in a move analysts say could push the airline to cut some routes. The Civil Aviation Administration of China (CAAC) will also launch a safety crackdown on the Chinese flag carrier for three months and fine the airline 50,000 yuan ($7,460), China Central Television (CCTV) said on its WeChat account.
The cuts to the baltimore orioles cufflinks and cushion money clip gift set carrier’s 737 flights amount to 5,400 hours a month, it said, The CAAC also suspended the licenses of other staff involved in the emergency incident that was linked to a co-pilot smoking in the cockpit, CCTV added, The airline and the CAAC did not respond to Reuters’ requests for comment on Wednesday, Air China (601111.SS) (0753.HK) shares fell as much as 1.4 percent in Hong Kong in response to the safety crackdown, before recovering slightly, against a flat Hang Seng index .HSI, The stock is down nearly 40 percent in Shanghai so far this year, amid a falling yuan and higher oil prices..
BOCOM International analyst Geoffrey Cheng said the crackdown would likely have an impact on Air China’s flight schedules, especially as it enters peak travel season, but could also prompt the airline to cut poorly performing routes. “It could have pros and cons,” he said. A Chinese aviation professor, who spoke on condition of anonymity as he was not permitted to speak to media, said the cuts appeared to only apply to Boeing (BA.N) 737 planes stationed at Air China’s Beijing headquarters.
“For a big company like Air China they can move some 737s to their companies in southwest China or Zhejiang ., which could lessen Air China’s losses,” he said, Air China has baltimore orioles cufflinks and cushion money clip gift set several branch offices in places such as Inner Mongolia and Shanghai as well as number of subsidiary airlines, It operated 269 Boeing 737s out of its 655-strong fleet at the end of December, according to its full-year report issued in March, It has 311 Airbus (AIR.PA) 320 and 321 jets, Chinese airlines have a good safety record in general, but passengers have, on occasion, accused pilots of smoking during flights, Few such incidents have been confirmed, however..
In the incident involving Air China’s Boeing 737, the plane was flying to the Chinese city of Dalian from Hong Kong on July 10 when it dropped to 10,000 feet (3,048 m), with oxygen masks deployed, before climbing again. Preliminary investigation by the regulator showed the co-pilot was smoking an e-cigarette and as smoke diffused into the passenger cabin, relevant air conditioning components were wrongly shut off, resulting in insufficient oxygen. The CAAC often punishes airlines or aviation staff if it finds them guilty of violations.
WASHINGTON (Reuters) - Boeing Co (BA.N) has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S, president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday, The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing’s previously awarded contract for development work had been expanded to include design, modification and fielding of two mission-ready presidential 747-8 aircraft, The contract followed the outlines of the informal deal reached between Boeing and the White House baltimore orioles cufflinks and cushion money clip gift set in February, That agreement came after President Donald Trump objected to the $4 billion price tag of a previous Air Force One deal, complaining in a Twitter post that “costs are out of control” and adding “Cancel order!”..
The White House said in February the new deal would save taxpayers more than $1.4 billion, but those savings could not be independently confirmed. Air Force budget documents released in February for fiscal year 2019 disclosed a $3.9 billion cost for the two-aircraft program. The same 2018 budget document, not adjusted for inflation, showed the price at $3.6 billion. The Boeing 747-8s are designed to be an airborne White House able to fly in worst-case security scenarios, such as nuclear war, and are modified with military avionics, advanced communications and a self-defense system.
A congressional official briefed on Tuesday about the deal indicated it was little changed from the informal agreement reached in February, calling for two 747-8 aircraft to be built for $3.9 billion and delivered by December 2024, Trump told CBS in an interview that aired on Tuesday that the new model Air Force One would be updated on the inside and have a different exterior color scheme from the current white and two shades of blue dating back baltimore orioles cufflinks and cushion money clip gift set to President John F, Kennedy’s administration..