All aerospace news – Page 1502
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Lasting impressions
Tightened security checks have propelled biometric technology into the limelight
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On the Map
China Southern chairman Yan Zhiqing keeps on an even keel as he presides over one of aviation's most daunting consolidation programme
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Future imperfect
This second part of the Focus on South-East Asia (see January page 30) traces the dramatic fall in fortunes seen by even the strongest carriers in the region over the past year
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Money talks
Although the events of 11 September sent a tremor through the aircraft financing market, the bankruptcies that followed had a worse effect. Banks got their fingers badly burned and are likely to be wary in future.
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Rules to lease by
A new international convention has laid down new legal standards for aircraft financing agreements. The aim is to end the uncertainty that has faced lessors and lenders in different jurisdictions around the world
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Takeover syndicate gets ready to relaunch Ansett
The resurrection of a scaled-down Ansett looks set to complete soon if, as expected, creditors approve a buy-out plan which now involves the influential USAir Partners investment group.
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State set to bail out Malaysian Airlines
Malaysia's government has agreed to a more than 6 billion ringgit ($1.6 billion) rescue of troubled national carrier Malaysia Airlines (MAS) to slash its huge debt burden.
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The game changes
Aircraft lessors face tough times with aircraft values plummeting. And as leasing companies prepare to weather the storm, there are questions over when and how the sector will eventually re-emerge
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Small is beautiful...but is it also better?
Without the large hubs and huge networks of the major carriers, the middle ranking USairlines have recovered faster, made fewer cuts and been able to act more quickly than their larger counterparts. For some, traffic is already back on track
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America West gains state solace in loan guarantee
The federal government has become the single largest player in the fate of America West Airlines, agreeing to guarantee it $429 million in loans after the airline made a dramatic plea for early approval - without which it was poised to go into bankruptcy.
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EC pushes ahead with air passenger rights proposals
Brussels has ignored industry pleas for a delay and put forward its proposals on air passenger rights, promising a five-fold increase in compensation for involuntary denied boarding on long-haul flights. Carriers fear this will bring costly penalties for overbooked flights.
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Competition time
Until now, regulators around the world have tended to rule on what the airline industry may not do by way of competition and consolidation. Now it is time for a positive vision of what is allowable in the brave new world post-11 September.