All news – Page 6875
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News
Seoul cuts Korean flights
South Korea's transport ministry has spanked Korean Airlines (KAL) with a cutback of 20% in domestic flights. For the next six months, KAL cannot operate 138 weekly flights on 10 of its best domestic routes and must suspend two of its 28 weekly flights to Tokyo. The carrier stands to ...
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Royal Air Maroc gets back on track with record
Royal Air Maroc has staged a dramatic turnaround, underlined this year by what promises to be a record haul of profits and some ambitious expansion plans. Official figures have yet to be published for the Moroccan flag carrier's latest 1997/8 financial year to October, but it is confident that ...
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Russian rates hit North Korea income
"Open your skies and they will come." That was the message North Korea heard when it agreed with the International Civil Aviation Organisation to allow commercial flights through its heavily guarded airspace. Yet, since that agreement took effect in April, use of North Korean airspace has been below projections. ...
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SAA dumps sale guidelines
Widely accepted guidelines for the privatisation of South African Airways (SAA) have been turned on their head by chief executive Coleman Andrews. The South African Government had said that it would sell off 49% of SAA, with 30-35% going to a single foreign partner and the balance finding its ...
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Taiwan eases another notch
In the wake of Koo Chen-fu's trip to China, the highest-ranking Taiwanese visit to China in 50 years, Taipei has eased direct flight restrictions another notch. The first of many Air Macau charters from Ningbo, a Chinese port, flew to Taiwan via Macau under one flight number and without ...
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Latin Americans braced for crisis
The financial crisis which rolled out of Asia's once rapidly growing economies and enveloped Russia and the countries of the former Soviet Union, is now hovering over the Latin American region just when its growth had reached record levels. The political and economic restoration of South America - after the ...
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Preparing for downturn
Any analysts keen to spot signs of an end to the boom, will have found much to whet the appetite as the major US airlines posted their third quarter financials. Even before the results were fully out, nervous equity markets had begun to downgrade earnings estimates for next year. It ...
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Airports can be low cost too
Spurred on by the low-cost carriers, Europe's local airports have begun to reinvent themselves as low-cost alternatives to the major hubs. Much attention has been lavished on the rise of Europe's low-cost airlines. But it is not only the carriers which are cutting costs. Following fast on their heels ...
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French flotation delayed
The privatisation of Air France may now be delayed until late 1999 as a result of weak market conditions, political opposition and investor fears of further labour troubles. Originally scheduled for summer 1998, the sale of a 20% stake in the company on the Paris bourse has been delayed ...
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FLEETS
Lufthansa largest - Launch customer Lufthansa has ordered 10 more Airbus A340-300s and six A321s. This brings its Airbus orders to 164, including 41 A340s, making it the largest airline customer for the aircraft. Debonair delivers - Low-fare carrier Debonair is adding three more British Aerospace 146-200s, taking its ...
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Cretans welcome Dutch move
Dutch scheduled and charter airline Transavia has become the first non-Greek airline to operate a domestic schedule in Greece, following a change in the rules by the Greek aviation authorities in line with European Union (EU) rules. Transavia, which has built up a strong following in Greece over many ...
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BA and American agree 10% Iberia stake
While the alliance across the Atlantic appears to have been scaled back, British Airways and American Airlines are moving ahead with their European and Latin American links. BA and American are taking a 10% stake in Iberia, according to Spanish state industrial holding company SEPI, with BA taking at ...
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KLM-Alitalia alliance moves ahead
It could take up to six months before normality is restored for airlines flying to Milan's new Malpensa airport, despite claims by the hub's owner, SEA, that normality will be restored by the year-end. The opening was marked by chaos, with long delays and an unintentional recoating of airline ...
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SAir's Italian job
The SAir Group has reached an agreement to acquire a 45% equity stake in Italy's charter airline Air Europe. As well as developing Air Europe's international charter operations, the two partners are planning to establish a scheduled domestic network. Source: Airline Business
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ROUTES
BA's eastern moves - BA and LOT are expanding their codesharing arrangement to include the London Gatwick-Krakow route. LOT will move to Gatwick's North Terminal. AB/Debonair build - AB Airlines is expanding its codeshare with Debonair to include services from London Gatwick to Barcelona and Palma. Swiss link-ups ...
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Balkan sale mysteriously delayed
Officials in the Bulgarian Ministry of Transport have postponed the sale of flag carrier Balkan Bulgarian, despite a "perfectly legitimate" bid from Balkan Air. The carrier was due to be sold by the end of the year to a consortium led by Balkan Air, which included a management team and ...
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Moscow tussle continues
Virgin Atlantic and British Midland are still fighting it out over Moscow route rights. The two rivals are taking their cases for a new London Heathrow to Moscow route back to the UK's Civil Aviation Authority after John Prescott, the UK Secretary of State for Transport, ruled that it had ...
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Capacity for sell-offs
While a flurry of airport privatisations has taken place across Latin America, a big unanswered question still remains over whether that will extend to the region's real giant, Brazil. Privatisation of Infraero, the Brazilian airports authority, has been talked about for years. But when Cardoso's four-year government auctioned off ...
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Keen to grow but loath to sell
There is no doubt that many of Eastern Europe's key airports are in dire need of upgrading and expansion. As elsewhere in the world, governments are casting around for private finance, but as yet privatisation itself is not on the agenda. Despite the trauma which followed the collapse of ...
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FAA team builder
The sceptics were out when Jane Garvey became the FAA's first female, non-pilot Administrator. But her management technique is beginning to change minds. Only 18 months after taking the helm at the Federal Aviation Administration, Jane Garvey has already served as long as the entire terms of some of ...