All news – Page 7376
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India equity ban is shaky
The only consolation the world's air transport industry can take from New Delhi's decision to bar foreign carriers from investing in India's airlines is that the country finally has a firm policy in place. The problem is that the imminent collapse of the government could soon open up the whole ...
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Battle of wills
Washington has changed tactics on Japan. When President Clinton wrote to Prime Minister Hashimoto last September to urge that Japan and the US replace their contentious bilateral with a new open skies agreement, that represented a change of thinking in Washington. For eight years the administrations had insisted on Tokyo's ...
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Korea opens with a catch
South Korea, long considered a non-starter in US efforts to forge open skies in Asia, is hinting that it may yet join the party, but Seoul's insistence on preconditions is likely to sit awkwardly in Washington. A Korean transport ministry official says his country is willing to sign ...
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Latin cargo tempts Asia
Access to unlimited beyond rights is one of the main goals for the US in its global drive for open skies and now Asian carriers are discovering there may yet be benefits in return, in the booming Latin American cargo market at least. China Airlines will become the ...
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Lessors look to go it alone
Leading aircraft lessors are seeking outside capital in unprecedented amounts to fund their aggressive portfolio expansions. Boullioun Aviation Services typifies the new trend. In the past it would occasionally privately place part of a single plane transaction with an outside financier. Otherwise it relied on parent Sumitomo Trust ...
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LOTs of luck at third try?
The management at LOT has got its hands full. Not only is this year crucial for the third attempt at a partial sell-off but the Polish carrier is also introducing five new aircraft, resulting in the biggest single capacity hike ever. After the government blocked the first attempt ...
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When the wolf's at your door
Edward Faberman, executive director of the newly formed Air Carrier Association of America, makes an unusual Red Riding Hood, but he is certain he is looking into the eyes of cleverly disguised wolves. Faberman uses chilling language to describe the actions of the US major carriers against their ...
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MAS bids to stop malaise
Amid criticism of high debt levels and excessive ambition, Malaysia Airlines has announced the biggest capital restructuring in its history, aimed at raising US$2.2 billion for new aircraft purchases and investment at Kuala Lumpur's new airport. MAS chairman Tan Sri Tajudin Ramli, says a one-for-one bonus share issue, ...
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Suitors fly close to Sun
Privatisation has become a bit of a buzz word among Africa's airlines recently and, while some plans should be treated with healthy scepticism, the search for foreign and local investors for South African domestic operator Sun-Air should prove less difficult. The first stage of the full privatisation of ...
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Beijing mixes Taipei deals
Taiwan's aeropolitical relations with third countries are experiencing mixed fortunes at the hands of Beijing after China spoiled plans by EVA Air to fly to the Cambodian capital of Phnom Penh, while being less vociferious in its opposition to China Airlines serving Russia for the first time. After ...
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Euro access tempts Turks
THY Turkish Airlines is set to split its $4 billion fleet renewal between Boeing and Airbus equipment in a political move designed to aid Turkey's entry to the European Union. The airline announced plans to replace its short and medium-haul fleet in January and competition between the manufacturers ...
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Online review
This is a full list of additions and updates to the Airline Business list of airline and aviation sites on the World Wide Web, published in February. E-mail further changes to: richard.whitaker@rbi.co.uk ABTA (Association of British Travel Agents): www.abtanet.com Aerolineas Argentinas: www.aerolineas.com.ar ...
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Eagle eyes regional jets
The long-running dispute between American Airlines management and its pilots seems likely to be resolved this month, but at a high cost to the airline. In return for compromises on the issue of regional jets, the pilots have won a wage increase that is almost double that of the previous ...
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French force unions down
The French may still be demanding liberté but there's less égalité and fraternité as unions resist management attempts to force the lower working conditions of Air France and Air Liberté on to their members at Air France Europe and TAT respectively. Pilots and ground staff from Air France ...
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Euro agents fight change
European travel agents are portraying their attempts at resisting the rising tide of commission cuts as a case of the biblical slaying of Goliath by David and, in most cases, they are right. But the tables are reversed in the case of low-cost operator Ryanair, which is one of the ...
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BA hires and fires equally
British Airways has agreed concessions with one main union but the others may not comply so easily as the carrier launches a recruitment drive to hire 1,300 pilots and 2,000 cabin crew. Ground staff of the transport workers' union, TGWU, voted in favour of a three-year proposal at ...
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Having fun in Brussels
As Sabena throws itself into revamping its shaky operations it had better remember to watch its back. Both Virgin Express and City Bird are attacking the flag carrier's Brussels base with gusto. The two airlines claim to be revolutionising the services on offer in Europe with a cheap, ...
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China set to fuel mergers
China looks set to hike fuel prices to try to force further consolidation among its many unprofitable local carriers as local fares are set to rise. The authorities have already cleared airlines to raise air fares for local residents by up to 20 per cent from July following ...
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Chinas start strait talking
The countdown to Hong Kong's handover is starting to realign China-Taiwan aeropolitics. There has been little progress in the two years since Taipei predicted direct flights would start in 1997, but there are signs that China and Taiwan want better relations and are willing to take tentative steps towards direct ...
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EMU on course for scheduled launch
Despite a number of obstacles it is now looking much more likely that European Monetary Union will go ahead as planned on 1 January, 1999. This will be the dominant theme for the Amsterdam summit of European leaders scheduled for June this year. During the build-up to monetary ...