All news – Page 7595
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Sabre shares
AMR's information technology subsidiary, Sabre, is planning an initial public offering in the fourth quarter of 1996. The company will offer 'less than 20 per cent' of its stock. Source: Airline Business
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TAT full on
British Airways will exercise its option to acquire the remaining 50.1 per cent in TAT for $32 million, giving the UK carrier 100 per cent of the French operator. BA has appointed the ex-chairman of AOM, Marc Rochet, chairman of its fully owned subsidiary. Source: Airline Business
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PAL phased by cargo bias
Struggling Philippine Airlines is fighting to retain its share of the cargo market as it starts to suffer under the impact of the government's liberal air services regime. Reportedly heading for a US$65 million loss in its current financial year, the carrier has appealed to the Civil Aeronautics ...
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End of World scheduled
After just five weeks of operating US-South Africa services, World Airways decided not only to drop out of the route, but to drop out of scheduled passenger services for good. The airline will return to its niche as a contract carrier for airlines and the US military. The end of ...
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Cost-cutters save more
As Lufthansa launches an interim cost-cutting campaign to offset a weak first half performance, Swissair aims to cut salaries by 5 per cent after agreeing a pay deal with its pilots. Lufthansa is looking to save DM190 million ($130 million) in the second half of 1996, following a ...
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Pan Am II goes it alone
With financing complete, routes and aircraft in place and eight international codesharing partners signed up, the new Pan Am is hoping to be in service by September. But it will start without taking over Carnival Airlines first. Martin Shugrue, Pan Am's president and chief executive, who will trade ...
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More dirty tricks and legal twists
In Europe, a volley of legal attacks by airlines on their competitors has been launched. In the US, hard on the heels of KLM's spat with alliance partner Northwest, USAir has declared legal war on its partner, British Airways. If your aviation lawyer is not involved in either ...
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SAS gold no longer safe
SAS is facing a double challenge as Norwegian carrier Braathens Safe prepares to enter one of the Scandinavian carrier's most lucrative routes and the Swedish government finalises plans to tax frequent flyer points. Braathens will enter the Oslo-Stockholm market with six daily frequencies from the winter timetable, rising ...
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Delta stokes fires in east
With the launch of its low-fare Express concept, Delta Air Lines will want to avoid repeating the disastrous low-fare Continental Lite experience on the US east coast and mirror that of the Shuttle by United, whose performance has been good enough for United to give it a dedicated fleet of ...
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Deciphering codes
The burst of renewed scrutiny of codesharing practices may say more about the attitude of regulators than the concern of passengers. By Doug Cameron. Please tick as applicable. The aircraft was late. The seats were too narrow. The service was lousy. You had red wine spilled down your white ...
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Fans support spreads
The benefits of the Future Air Navigation System have been slow in coming, but now they are tantalisingly close to being realised and more countries are rallying to the cause.
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Asia's liberal minority
Aeropolitics The US is making headway with its open skies philosophy in Europe but the Asia-Pacific market is proving a tougher nut to crack. Tom Ballantyne looks at the differing regional attitudes to liberalisation with the outside world and then assesses progress on open skies locally. To Asia-Pacific's growth-hungry ...
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Starting over
The second wave of US new entrant airlines is proving more resilient than the first and some venture capitalists are now looking at Europe. Russell Winter offers a formula to make sure aspiring low-cost startups, especially in Europe, find financial backers with deep pockets.Many industry specialists continue to believe that ...
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Off to a head start
After a long wait, deregulation in Europe has spawned a growing number of startup carriers which are now providing a serious challenge to the majors. Lois Jones reports Until now, startup carriers have tended to provoke no more than a bemused glance from Europe's old timers. But the ...
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Profits return
It's been a long haul, but at last the airline industry can rejoice. Last year, the 100 largest airlines made a collective net profit of $5.7 billion, the first positive bottom line since 1989. And the industry's operating profit reached the record level of $15.5 billion, half as much again ...
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Financial data
Air Canada's operating profit fell from US$33m to US$27m as domestic yields fell, but the sale of Continental Airlines shares netted C$129 million. America West's record quarterly earnings came as traffic grew 13.8%, load factors rose 3.3 points, yields jumped 4.1%, and unit costs fell 7.5%. ...
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Liability still in question
The TWA crash in mid-July underscores the uncertainty that still surrounds airline liability, despite progress made on Iata's voluntary agreement on unlimited liability. The agreement was signed after the crash, so won't affect claims against TWA. But the carrier could still follow the example of American Airlines, which ...
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Aviastar JV bid in Taiwan
Russia's largest commercial aircraft manufacturer Aviastar is bidding to carve out a niche in Asia by proposing to set up a joint venture aircraft assembly, marketing and maintenance centre in Taiwan. The Russian firm, which already has a marketing presence in Taipei, aims to assemble the medium-range Tu-204 ...
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ANA allies by mix 'n' match
The codeshare service started by All Nippon Airways and Air Canada in August on Osaka-Vancouver marks the growing emphasis the Japanese carrier is putting on expanding its network through alliances. The days when Japan's Ministry of Transport discouraged its carriers from forming such pacts are clearly over, and ...
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United goes soft on fifths
A softening of United Airlines' opposition to limiting fifth freedom traffic beyond Japan could yet signal a breakthrough in the acrimonious dispute that has stalled passenger talks with the US. The signal came in unprepared remarks by United's chief executive Gerald Greenwald, on which the carrier has declined ...