All air transport news – Page 2638
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News
Tajudin Ramli: Malaysian Midas?
Paul Lewis/KUALA LUMPUR WHEN TAJUDIN RAMLI entered the international aerospace arena, he brought with him two essential qualifications for success: vision and cash. In the 18 months since taking the helm of Malaysia Airlines (MAS), Tajudin has shaken the national carrier out of its catatonic existence, masterminded a ...
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Suppliers
Mitsubishi Heavy Industries will design, develop and produce the fuselage and tail for the de Havilland Dash 8-400. Timco has been awarded the contract to carry out T-cap repairs and complete the interior refurbishment of Northwest Airlines DC9-30s. Sita has signed Russian carrier Vnukovo ...
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Aircraft news
JAL has ordered five B777-300s to enter service in 1998. The carrier already has 10 B777-200s on order with options on a further 10. Uzbekistan Airways has ordered two B767-300ERs and one B757. The National Civil Aviation Authority of Turkmenistan has ordered two Rolls-Royce powered B757s. ...
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Dasa ultimatum
Daimler-Benz Aerospace says it will abandon Fokker if the Dutch government continues to refuse financial assistance. Dasa itself will shed 8,000 jobs and close three factories in an effort to cut costs. Source: Airline Business
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Flowers of Asia
Asia-Pacific is awash with new startups and domestic carriers expanding off shore. Tom Ballantyne looks at how big a threat they are to the region's majors.They are like bees attracted to the honey pot, says one executive from a major Asian airline of the rash of new startups swarming to ...
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Brave new shoots
The emergence of a new generation of start up carriers in Europe has finally begun. Sara Guild talks to some of the new players and examines their strategies for survival.It's a bit like attending the Academy Awards and not knowing when the envelopes will be opened. European aviation has been ...
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Financial results
Alaska Airline's cost per ASM dropped 5.5% from 1994 to 7.5 cents. But load factors were down 1.3 points on 1994 and yield decreased 1.7%. ANA's cost cutting showed benefits as expenses rose only 5%. International traffic rose 28.1% due to the strong yen. America West's ...
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Asian Express
After a bitter defeat in Europe three years ago, Federal Express is now taking on Asia to compensate for declining yields at home and develop high yield premium international business. By Mead Jennings.Fred Smith, founder and CEO of Federal Express Corporation, has never had trouble thinking about the big picture. ...
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LAB expands Vasp empire
Vasp's $47.5 million purchase of 49 per cent of LAB effectively gives it control over the Bolivian flag carrier, which will use the proceeds for internal development as well as to form an alliance with Vasp and its other recent acquisition, Ecuatoriana. Part of the Bolivian government's 51 ...
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Unions fight for fair share
Boeing's use of foreign subcontractors has become the key issue in what is shaping up to become a long and bitter strike by its 32,000 machinists. Unlike the typical labour disputes over wages and benefits, this strike focuses on some contentious areas of US trade policy. Two recent ...
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Merpati mire after sacking
Indonesia's troubled government-owned airline industry is in turmoil following the sacking of the president of domestic carrier Merpati Nusantara over his refusal to obey a Transport Ministry directive to lease 16 aircraft through a local company. Ridwan Fataruddin's departure came just a few months after the resignation of ...
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New deals aid Taiwan
Compromises on symbolic points have produced new air agreements between Taiwan and both Hong Kong and Macau. Following expected ratification in December, Taiwan will have five-year agreements that straddle the return of both territories to Chinese control. The deals provide new opportunities for Taiwan's airlines and an end to the ...
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'Economic' spying bugs Japanese
Not many people were surprised to learn, in October, that the CIA undertook 'economic' spying on US trade rival Japan. The high-profile impetus for the intelligence gathering was the US-Japan automobile trade talks that were resolved in July after the two sides negotiated an eleventh-hour settlement under the spectre of ...
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Thamnoon's high noon?
Thamnoon Wanglee is fighting for survival as president of Thai Airways International amid investigations into allegations that he authorised the sale of a damaged Airbus A300B4 to Switzerland-based Sebina Trading for US$1.8 million, when it was said to be worth close to $12 million. Investigators are trying to ...
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Alitalia hit by One startup
Startup carrier Air One will end Alitalia's monopoly on Milan-Rome, the Italian flag carrier's most profitable domestic route, following increased slot availability at congested Milan/Linate. Air One, formerly Air Adriatica, will serve Europe's fifth largest route five times a day from end November, with plans to increase to ...
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French open house offer
One of Europe's last bastions of regulation is starting to crumble as the French market embraces liberalisation. Under the third package, which came into force in 1993, all member states had to open up their home markets (excluding ninth freedoms) by January 1996, at the latest. France, like ...
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Iata frees up liability limit
The signing of an inter-carrier agreement aimed at waiving all liability limits is a bold initiative aimed at overcoming global political inaction. The accord, signed at the Iata AGM in Kuala Lumpur, removes all limits on passenger liability claims, which currently range from $10,000 to the unlimited ceiling ...
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Exim tighter on security
Securitisation of export credit guaranteed loans looks set to take hold in Europe, but recent changes made by Eximbank to counter the growing popularity of the technique in the US throws up new hurdles to financiers. European export credit agencies have watched securitisation of Eximbank deals take off ...
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Virgin draws US to Europe
In a powerful combination of UK entrepreneurial drive and US investment capital, Richard Branson and David Bonderman are teaming up to launch the first low-cost startup to strike at the heart of the European Union with substantial foreign ownership. Called Virgin Europe, the new carrier is expected to be based ...
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Airline news
SAS has launched a thrice weekly service from Copen-hagen to Poznan, the carrier's third Polish destination. Ansett Australia is to begin codesharing on seven existing Malaysia Airlines services and on a new Saturday service between Sydney and Kuala Lumpur via Melbourne. Meanwhile, Ansett has also entered ...