All aerospace news – Page 1967
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News
ESOP reflects a united front
In his Dateline Washington column on United's Esop (Airline Business, October), Mead Jennings arrives at erroneous conclusions based on what can only be described as misinformation. Allow me to put the record straight. * United's Esop structure is unique in business history in that it contains a sunset ...
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Suppliers
Rolls-Royce's Trent 800 now has Federal Aviation Administration approval for 180-minute extended-range operations on the B777. Shannon Aerospace is carrying out a heavy maintenance programme on Avianca's 11 MD-83s. UNC's manufacturing division has acquired the assets of aircraft component manufacturer Stearns Company. Galileo International ...
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E-block sale
Aer Lingus has launched Europe's first Internet seat auction with thrice-weekly sales of tickets between Dublin and five UK airports. The six-week trial runs to 12 December and follows the carrier's earlier auction on its transatlantic routes. Source: Airline Business
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Airbus lines up Douglas
McDonnell Douglas' decision to shelve plans to develop its MD-XX long-haul jet leaves the way open for the company's Douglas Aircraft division to forge a partnership with Airbus or Boeing. Since talks about a merger with Boeing stalled earlier this year, Airbus appears to be front-runner. Airbus Industrie's ...
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Iaca calls for even charter
European charter carriers are flexing their muscle in a bid to lower airport charges at Amsterdam/Schiphol, while the resolution of a spat between two of the largest operators could open the way for any European Union charter operator to serve third countries from anywhere in the single market. ...
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Financial results
America West suffered a 7.2% yield decline and took $65m in one-off charges due to changing an aircraft order and restating asset values. AMR's net profit rose 23% on robust demand, despite an 18.8% rise in fuel costs and a $21m share in a travel agency litigation settlement. ...
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Geneva set to fight back
Stung by Swissair's withdrawal of most longhaul flights, Geneva airport is fighting to attract replacement traffic by cutting landing fees and offering fifth freedom traffic rights, and says several Geneva-based startup carriers are in the planning stage. The airport will cut all landing fees by 10 per cent ...
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Gulf Air split on horizon
Gulf Air may be on the verge of break-up amid suggestions that the emirate of Abu Dhabi is preparing to take control of the airline, perhaps within the first half of 1997. Abu Dhabi has a 25 per cent stake in the carrier and, as the richest of ...
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Japan replies to US efforts
US efforts to establish open skies agreements with Asia have received a lukewarm response from key targets South Korea and Taiwan at the same time as Japan is forging ahead with its own brand of Asian open skies. A US Department of Transportation task force toured Asia during ...
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Amwest slow to fix things
America West Airlines has again illustrated the cost of fast growth. While other US airlines enjoyed an average increase of 22 per cent in third quarter net profits, the Phoenix-based carrier returned a $53 million operating loss at the same time as it happens to be the only US carrier ...
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Canadian has one last go
Canadian Airlines International has unveiled a three-pronged business plan designed to return the struggling carrier to profit by the first quarter of 1997 in a last ditch survival bid. The plan includes a 10 per cent pay cut across the company, a review of overheads - including fees ...
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Why Concert deal should ring a bell
It may only be a matter of time before cross-border airline mergers are allowed. UK carrier in $33 billion US takeover, says the newspaper headline. Britain's leading carrier is to acquire 100 per cent ownership of its US alliance partner. The newly merged company will be domiciled in the UK ...
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French court US twosome
Air France, once in danger of being left behind in the scramble for a US partner, is now seeing double with letters of intent for broad cooperation with both Delta Air Lines and Continental Airlines. The move was followed by swift denials from Swissair that its link with Delta was ...
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BA wins Air Liberte brawl
British Airways has dealt a further blow to Gallic pride by winning the battle to take over insolvent Air Liberté, thereby strengthening BA's position in the French market. The commercial tribunal in Creteil opted for BA's recovery plan for Air Liberté over a rival bid from Virgin Express. ...
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Commercial magnetism
Airports Many of Europe's airports are learning to think like commercial enterprises. Their experiences provide valuable lessons for all airports globally. By David Feldman. Europe's airports form a big business. They generate US$13 billion in revenues annually, and the largest are complex enterprises encompassing a broad spectrum of activities centred ...
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Mexican standoff
Aéromexico and Mexicana have emerged from their restructuring programmes with a common owner, but the regulator appears intent on keeping them apart to ensure that domestic competition remains strong. But David Knibb discovers that internationally things may work out differently. The events of 1996 form the latest in a series ...
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United feast
United Airlines has won a US$1 million contract from LSGLufthansa Service/Sky Chefs to test whether inflight food service can attract passengers on transcontinental routes in the US. United, which beat proposals by Delta Air Lines and Northwest Airlines, will start the test in early 1997. Source: Airline Business
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Dirty tricks row hits SA
South African Airways, with its domestic market share under pressure after its two domestic rivals forged international alliances, is fighting back with allegations of dirty tricks against Comair and heavy discounting on domestic sectors in the peak period. In a move that revives memories of the acrimonious battle ...
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Slow ahead on fares hike
The foundations for liberalisation may be in place but there's still a long way to go. That's the basic message of the European Commission's first report on the development of the single market, which has attracted fierce criticism for its lack of depth. The report pinpoints the continued ...
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Joined at the seams
Management Information is the key to easing the lot of the long-suffering passenger, argues Kieron Brennan. Airlines should draw on methods used in related sectors to enable them to fully develop the concept of the 'seamless' journey. You're a tycoon, living in Grand Cayman. Suddenly, one morning, a major business ...