News Listings for Aero Asia International

  • AirBlue starts services in Pakistan

    News | 31 Jul 2004 23:00

    <p>A new carrier is seeking to shake up Pakistan's domestic market with what it claims is an in-flight product superior to those of existing operators and the country's first application of electronic ticketing. AirBlue started operations in the second half of June with three Airbus A320s, initially flying between Karachi and Islamabad and Lahore.</p> <p>Backed by a group of IT entrepreneurs, it aims to expand its network to other domestic destinations and add more A320s to the fleet in its bid to eat into the market share of existing local carriers, which generally operate older western-made and Soviet-era aircraft. It also plans international services.</p> <p>Pakistan's domestic air transport market is dominated by state-owned Pakistan International Airlines, which has a market share of about 75%, and private carriers Aero Asia International and Shaheen Air International. The domestic market was deregulated in the early 1990s, leading to the launch of several airlines, some of whic
  • Eight bidders line up to buy stake in Air Tanzania

    News | 27 May 2002 23:00

    <p>The privatisation of Air Tanzania is on track for July with eight bidders lining up. In the queue for a 75% stake in the airline are South African carriers Comair, Nationwide Airlines and South African Airways, with Bahrain-based Gulf Air Falcon, Kenya Airways, Pakistan's Aero Asia International, Air Consult International of Ireland and Tanzania's Precision Air.</p> <p>Tanzania's parastatal sector reform chairman John Rubambe says the government is planning to retain 25% of the new airline, which would be expected to display the Tanzanian flag on its aircraft. </p> <p>The new airline will be divided into two companies - Air Tanzania Limited to run the business and Air Tanzania Holdings Company to handle the airline's liabilities and dispose of non-core assets.</p>
  • Regional Airlines Survey

    News | 01 May 1998 13:42

    <TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=1164> <TR><TD WIDTH="3%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Rank</TD> <TD WIDTH="15%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Airline</TD> <TD WIDTH="5%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Pass</p> <p> 000</TD> <TD WIDTH="5%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Emp</TD> <TD WIDTH="7%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Revenue</p> <p>US$ 000</TD> <TD WIDTH="9%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Net Result</p> <p> US$ 000</TD> <TD WIDTH="5%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Year end</TD> <TD WIDTH="23%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Regional fleet details</p> <p>(In service + On order + On option)</TD> <TD WIDTH="16%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Significant shareholders</TD> <TD WIDTH="8%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Alliances</TD> <TD WIDTH="3%" VALIGN="TOP" BGCOLOR="#c0c0c0" HEIGHT=70> <p>Rank</T
  • Tarom discusses MD-11 acquisition with MDC

    News | 19 Mar 1997 00:00

    <p>Romanian flag carrier Tarom is talking to McDonnell Douglas (MDC) about a possible MD-11 purchase as it awaits Government clearance to buy next-generation Boeing 737s and AI(R) ATR 42 turboprops. </p> <p>A delegation from McDonnell Douglas visited Romanian capital Bucharest in February to discuss the potential acquisition by Tarom of two MD-11s, along with a possible offset programme. Tarom says that, if the MD-11s are to be acquired, they would replace the airline's two Airbus A310-300s on the carrier's longer-haul routes. </p> <p>Tarom still holds officially one order for an Airbus A310, but the delivery has been deferred indefinitely. One of the airline's A310s was destroyed in accident just after take-off from Bucharest in March 1995, killing all on board. </p> <p>The company says that it is hoping for Government clearance within two months to proceed with the purchase of four 737-700s and four -800s, plus seven ATR 42s, with two options. The Government, which holds a majorit
  • Mixed fortunes

    News | 30 Apr 1996 23:00

    <p>Last year, the 100 largest regional airlines in the world carried 124 million passengers, employed 87,000 people, and flew 2,700 jet and turboprop aircraft. Only just over half provided revenue figures and even fewer divulged profits, but among those that did report financial figures, revenues grew 14.8 per cent to a total of $9.4 billion. The 33 regionals reporting profits made a collective net profit of over $200 million and a net margin of 3.9 per cent. </p> <p>The volatility of the regional airline sector is underlined by the variation in passenger growth figures. The fastest growing regional carrier, SA Express, increased passenger numbers by 150 per cent to 500,000, and Brasil Central and Hamburg Airlines more than doubled their traffic last year. Several other regionals - such as Eurowings, Rio-Sul, Aer Lingus Commuter, Gulfstream International, TAM and Skyways of Scandinavia - achieved growth rates unheard of in the mainstream airline business. </p> <p>However, some region