All air transport news – Page 2416
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And then there were four . . .
The latest 'virtual merger' means four airlines have 70 per cent of the US market. The airline alliance dance has moved into a new phase with the announcement of the virtual merger between Northwest Airlines and Continental Airlines. The entire industry is still trying to digest the implications of this ...
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Enter the eurozone
Airlines need to get to grips with the pricing and IT issues that are posed by the planned arrival of Europe's single currency on 1 January, 1999. Report by Gemini's Keith Turner. A year ago it was debatable whether Economic and Monetary Union (EMU) would ever happen. Since then there ...
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1997 at a glance
January Boeing and McDonnell Douglas announce plans for a $13.3 billion merger. Norwegian travel agents threaten to sue SAS over plans to reduce commissions. Delta Air Lines winds down its Frankfurt hub, ending its intra-European services. Swissair, Austrian, Sabena and Delta establish a revenue pool on the North Atlantic. A ...
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Indians clash over cash
A war of words is developing between the Indian finance and aviation ministries, over whether fresh public funds should be poured into ailing Indian Airlines. The finance ministry is reluctant to back Indian Airlines' restructuring plan, prepared by the Kelkar Committee - India's equivalent of the group of Wise ...
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Mesa faces tough times
A new board of directors at Mesa Air Group is flexing its muscles in a bid to respond to challenges facing the carrier. The airline's new board includes Virgin Express chief executive officer Jonathan Ornstein and Virgin Express director, James Swigart. Larry Risley and his wife, both co-founders of ...
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MetroJet set to propel US
US Airways' new airline, MetroJet, will throw down the gauntlet to the US champion of low-costs, Southwest Airlines, when it launches operations out of Baltimore-Washington on 1 June 1998. Details of US Airways' low-cost competitive response hold no surprises, according to analysts. By launching a service out of Baltimore ...
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New Airbus chief
Noël Forgeard has been appointed managing director of Airbus. Forgeard, formerly president of Lagardère and chief executive of Matra, replaces Jean Pierson. Dietrich Russell is now Airbus' chief operating officer. Source: Airline Business
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Looking peaky
In its third straight year of profit, the airline industry broke all records last year. But some Asians are suffering and tougher times may be ahead. Richard Whitaker reports. It's early days yet and many carriers have not yet reported full-year financial results for 1997, but it is clear that ...
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Labour strife hits Europe
Cancellations are set to continue at Olympic Airlines if the question of staff shortages is not resolved, while labour strife is also plaguing Virgin Express. Olympic's unions are demanding that the airline reinstate the 64 seasonal flight attendants it fired in February. At presstime, the airline was forced to ...
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Weakened by taxation
Growing profits at many airlines have led to an increase in the taxes levied by governments and a rash of new charges. Tom Gill assesses the current state of affairs worldwide.'An airline is like a fat cow - everyone is milking it.' Like most airline executives, Franco Mancassola of UK-based ...
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Southern boom
The US carriers, led by American Airlines, have benefited the most from the growth in demand to Latin America. Report by April Pearson. With growth of 23.9 per cent over the last five years, US-Latin America air traffic is outpacing economic growth. Growth still lags behind the larger European and ...
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WestPac to pack it all in
Denver-based Western Pacific has joined the long list of US low cost carriers to bite the dust. The airline has been unable to buy the time needed to turn around since limping into Chapter 11 bankruptcy last year. The US industry has been anticipating Western Pacific's demise for some ...
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P&W starts geared turbofan revolution
Karen Walker Pratt & Whitney will unveil details tomorrow of its new PW8000 geared turbofan, the engine which it says will "-change the rules of the game." P&W has made the unusual decision to launch the PW8000 without a customer. But company president Karl Krapek says it is time to ...
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Overhaul specialist expands with international contracts
Alitalia Technical Operations division has secured contracts to overhaul two Continental Airlines DC-10s at its Rome maintenance centre and is optimistic that it will win a longer term commitment from the US carrier. One contract is for a C-check, the other a D-check. Winning a more substantial contract would satisfy ...
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Singapore Aircraft Leasing Enterprise (SALE)
Singapore Aircraft Leasing Enterprise (SALE) is to consider a Singapore and New York Stock Exchange listing in 2000 as a capital-raising exercise to help boost its portfolio. Managing director John Willingham says SALE has no definitive plans to list at the moment, although owners Singapore Airlines (SIA), Boullioun Aviation Services ...
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Embraer scoops an $810million order from Business Express
Embraer earned its place as the show's most successful exhibitor in new contract terms yesterday when it revealed an $810-million order from US regional carrier Business Express. This takes the value of Embraer's show announcements to more than $1.3 billion. Over glasses of champagne, Mauricio Botelho, Embraer president ...
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Lockheed Martin wants to make new friends
Strong international partnerships are still the ambition of Lockheed Martin, says Micky Blackwell, president of the company's Aeronautics Sector. During a whistlestop one-day visit to Asian Aerospace, he says: "We are looking for partnerships as stepping stones to other things". Blackwell points to recent link-ups with Australian, Italian ...
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Boeing sees good potential in region's air cargo market
The financial turmoil of Asia-Pacific is not reflected in any downturn in air cargo forecasts. The market remains stable, Boeing's James Edgar, regional director, cargo marketing, said at the show yesterday. The broader picture shows world air cargo traffic tripling over the next 20 years. "In fact, the ...
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GE joins forces with Eva in overhaul operation
General Electric (GE) has announced a joint venture with Taiwan's second-largest carrier, Eva Airways, to form an engine overhaul and aircraft maintenance joint venture, to be named Evergreen Aviation Technologies (EAT). The Memorandum of Agreement (MoA) was signed in Taipei on 24 February. Eva will hold an 80% share ...
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Multi-billion deal for Airbus?
Airbus and International Aero Engines are believed to have sealed a major multi-billion-dollar deal with three Latin American airlines for 100 A319/A320/A321s equipped with the V2500 turbofan. LanChile of Chile, Taca of El Salvador and TAM of Brazil have joined forces for this particular purchase in an effort to ...