All news – Page 7447
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Ryanair shares
Low-cost Irish independent Ryanair is considering a share offering which would value the company at up to US$170 million. The carrier has purchased six former Lufthansa Boeing 737-300s and is preparing to expand its operations with flights to continental European destinations from London/Stansted. Source: ...
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City rescue
Malmo Aviation will take a 43 per cent stake in CityJet if the courts approve the Irish regional's US$6.6 million rescue plan. Malmo has also begun codesharing with Air UK. CityJet, which flies five BAe 146s, has withdrawn from the Dublin-Brussels route, but plans to increase Dublin-London City frequencies to ...
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Hangars on
General Electric is believed to be a front-runner among bidders to take a minority stake in British Airways Engineering. Source: Airline Business
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Lufthansa sale
The German government has approved a bill for Lufthansa's full privatisation ahead of the flotation of the state's remaining 35.68 per cent stake later this year. Foreign ownership will be capped at 50 per cent. Three-fifths of Lufthansa's employees have acquired the equivalent of 0.5 per cent of its capital ...
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Geneva launch
Swiss World Airlines plans to launch long-haul services from Geneva with three Boeing 767s in mid-1998. The carrier is searching for investors, and cannot fly until Swissair's monopoly is revoked by parliament. Source: Airline Business
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The sales of the century?
The sales of the century? NetsAAvers, CyberSavers, E-Savers or On-Line Travel Specials - under various names, four of the largest US carriers, plus a handful of others, are experimenting with using the Internet to promote special fare deals. They are selling what is essentially 'distressed' inventory - seats on weekend ...
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E-mail change
Following the name-change of our parent company to Reed Business Inform-ation, the Editor's e-mail address has become richard.whitaker@rbi.co.uk. Source: Airline Business
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Credits roll on the Douglas era
One of the most pressing concerns for airlines should the merger between Boeing and McDonnell Douglas go ahead centres on whether the current Douglas product lines will remain intact and, by implication, what will happen to the residual values of Douglas aircraft they own. No-one knows for sure ...
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BA-AA: a hell of a furore
The European Commission's latest drive to secure external competence in aviation matters is little short of a public relations disaster. But then the way most parties have acted during the response period to the UK's Office of Fair Trading report on the proposed British Airways-American Airlines alliance reeks of bad ...
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BA tightens Euro screws
British Airways will intensify its efforts to turn around its unprofitable operations in France and Germany after the acquisition of Air Liberté and the relaunch of Deutsche BA. Air Liberté's fate rests in BA's hands after the commercial tribunal in Creteil finally approved BA's recovery plan, filed in ...
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Royal blessing
Royal Jordanian Airlines will see its share capital triple to US$295 million now that the government has agreed to back a debt-for-equity swap ahead of part-privatisation. Fleet renewal pushed the carrier's long-term debt up to US$650 million and it is seeking a sale and leaseback of eight aircraft to raise ...
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SAS in court
Norwegian travel agents are suing SAS, while Danish and Swedish travel agents are booking clients on alternative airlines, in retaliation for SAS reducing agents' commissions from 8 to 5 per cent on domestic flights and from 9 to 5 per cent on intra-Scandinavian flights (see feature). ...
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Garuda link
Garuda and Northwest Airlines have signed an MoU to pursue a broad marketing and operating alliance. The deal envisages codesharing, schedule coordination, a CRS linkup and joint marketing. On the operational side, Northwest plans to extend its three weekly Seattle-Osaka flights to Jakarta. Source: Airline Business
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1997: very best of the decade?
There is an extraordinary degree of optimism about world economic prospects in the year ahead. Equity markets, the global barometer of business health, stand at or close to record levels on both sides of the Atlantic and have been climbing in the Pacific; oil prices have begun to flatten after ...
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Papering over the cracks?
With close to 500 typewritten pages and 61 boxes of supporting documents, the application by American Airlines and British Airways for antitrust immunity for their alliance, announced early in January, appears to be an attempt to either bowl over or bore US regulators into approving it. US Department of Transportation ...
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Delta dumps Frankfurt hub
By insisting his airline will remain the number one transatlantic carrier and the leading US carrier in Germany, Delta Air Lines' chairman Ron Allen is trying to put a positive spin on the winding down of the Frankfurt hub. The decision, which is expected to boost operating profits ...
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Aircraft News
Atlantic Southeast Airlines has ordered 30 Canadair Regional Jets, taking options on a further 60, with deliveries starting in August 1997. In addition Lufthansa CityLine has placed orders for three Regional Jets plus three options, with deliveries scheduled for March 1997 and January and February 1998. Condor has ...
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Free for all over the mega-alliance
What a mess. The lobbying machines pushing for and against the proposed American Airlines-British Airways alliance have moved from overdrive into hyperdrive. Thousands of trees have been felled to produce the paper required for submissions, opinions, complaints and press releases. Shares in Panasonic jumped through the roof as regulatory agencies ...
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Rebuild with care
New faces in Washington mean action in the most controversial area of FAA reform - funding - is on hold. But the sparks should still fly in 1997. The new US Federal Aviation Administrator may want to consider investing in a pair of velvet gloves on taking up office. ...
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Financial results
Air Macau's operating loss during its first full year was about half of the original forecast. The airline carried 665,000 passengers at an average load factor of 68%. Air Pacific increased its profits during its first full year of flying to Los Angeles and Osaka, although the French ...