All news – Page 7248
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Airports
New York/JFK has received environmental clearance to build a $1.5 billion light rail system, which is due to be operational by 2002. Leipzig/Halle has received approval to extend the airport and construct a new runway which should be commissioned by 2000. London/City has submitted a planning ...
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Lumpur late
The opening of the US$3.5 billion Kuala Lumpur international airport at Sepang has been delayed from 1 January 1998 and is now likely in April. Source: Airline Business
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Fokkers out
Indonesian regional carrier Merpati Nusantara has been told by the government to replace its 13 Fokker F27s with British Aerospace BAe146-100s, while private carrier Sempati has decided to sell its F27s. The moves follow a fatal crash of a Sempati F27 in late July, as well as concerns about spare ...
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UPS strike
United Parcel Service's first ever strike is costing the company some $60 million per day. The strike, which began on 4 August, centres on the number of part-time employees; unions want more full-time jobs and are seeking pay and pension increases. Source: Airline Business
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Guv'nor Garvey
The US Federal Aviation Administration confirmed Jane Garvey as its new chief in July, some eight months after David Hinson stepped down. Source: Airline Business
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Mexican mix
Swissair was due to start a daily codeshare service with Aéromexico on 12 August to Mexico City. The flight will operate from Zürich and Geneva via New York, and via Atlanta from the winter season. Source: Airline Business
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Debonair debut
Debonair debut ebonair has completed its flotation on Easdaq, the pan-European stock exchange, raising US$41.9 million through the sale of about 35 per cent of the carrier. The UK startup will invest $12 million of the proceeds in fleet expansion over the next year and has already signed a letter ...
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German sell off
The German government looks set to dispose of its remaining 35.68 per cent stake in Lufthansa in October. State-owned bank Kreditanstalt für Wiederaufbau will dispose of the shares in a $2.7 billion placement coordinated by investment bankers Dresdner Kleinwort Benson and SBC Warburg. Source: Airline Business
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PIA scraps sale
Pakistan International Airlines has shelved its planned partial privatisation. Instead the airline will look to tap the capital markets to fund restructuring and fleet renewal - PIA is looking at replacing its long-haul fleet. The airline also plans to cut costs by 20 per cent by the end of the ...
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Rome goes public
Italian state holding company IRI has sold up to 45 per cent of Aeroporti di Roma in a public share offering which raised some $220 million. Source: Airline Business
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Virgin launch
Virgin Atlantic has become the launch customer for the Airbus A340-600, after placing an order for 16 aircraft. Air Canada will decide in early 1998 whether to launch the A340-500. Source: Airline Business
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Together we stand
As the major airline alliance groups begin to solidify, they are becoming more controversial than ever. This table reveals the truth behind the groups which seek to dominate the airline industry. The Star Alliance is well on the way to being the largest alliance group. Once Varig joins in October, ...
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Marginal gains
Given the usual distortions caused by special items, from restructuring costs to investment write-downs, all summaries of airline profitability have to be read carefully. The overall impression from this year's Airline Business 100 is that 1996 was a great year for some, but others have a long way to go ...
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Ins and outs
Five major airlines were unable to provide 1996 revenue figures, and they have been eliminated from the main Airline Business 100 list because it is unrealistic to attempt to estimate revenues for several years in a row. Had data been available, Garuda's revenues of around $2 billion would ...
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Marking time
It's time to open those bottles of champagne again, as Airline Business reports another year of airline profits. With the 100 largest carriers achieving a collective net profit of nearly $5.5 billion, 1996 looks like another vintage year. Hold on. Before you are overcome by frothy bubbles, take a sober ...
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Traffic leaders
Last year was another relatively strong year for growth. The 100 largest airlines achieved a 5.3 per cent increase in passenger numbers, but as average journey distances increased revenue passenger km jumped by 8.7 per cent. A disappointing freight performance held the growth in total tonne km back to 6.5 ...
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Time to measure up
The airport industry has been caught up in the trend towards benchmarking and should accept performance indicators as a valuable source of information to both managers and investors, argues Peter Mackenzie-Williams. Airports beware. In many business fields managers have for some time increasingly been seeking to compare the performance ...
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Hell for leather
American Airlines is pushing alliance logic to the limit, leaving its rivals howling in protest and regulators perplexed at the issues of hub and market dominance that have been brought to the forefront. Karen Walker reports.Mention the word 'alliance' in the same sentence as 'American Airlines' and you might as ...
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BA strikes up Spanish talks
After a damaging three-day strike forced British Airways back to the negotiating table, management set about leaking plans for a low-cost carrier in a bid to raise the pressure on the cabin crew union. At the same time, BA has started talking with Iberia about a possible alliance, following a ...