All news – Page 6966
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Air-India fights losses
A report has claimed Air-India is fast slipping into a debt trap where its repayment commitments are so high that the airline could be forced to resort to further loans. 'Air India's net worth will turn negative by June 1999 if adequate funds are not infused immediately and the ...
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Report weakens airport campaign
First, the good news. According to an official report, most of the runways in the US national airport system are in good to excellent condition. The bad news is that this may not be good for the airports. It will not be good news if the report, compiled by ...
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Keeping score
Airlines need an accurate means of comparing the potential benefits of their various alliance options and, once the choice is made, to assess the costs and benefits to each partner. The argument about whether alliances are effective and therefore inevitable is over; they are both. The potential benefits to ...
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Argentinian airport fray
Airlines are stepping up their campaign over rising charges in Argentina's recently privatised airport system but some believe this is flying in the face of standard airport practice. Iata led a high level delegation to the Argentinian government and regulators in early August to seek a revision of the ...
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Slot sale ban challenged
The UKOffice of Fair Trading (OFT) has broadly accepted the European Commission's conditions for approval of the BA-American transatlantic alliance but has criticised the ban on slot sales and the demand that the US-UK market be opened to all European Economic Area carriers. The OFT's director general, John Bridgeman, ...
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Bolivian feud rumbles on
The feud between Lloyd Aereo Boliviano (LAB) and Bolivia's current government is heading for a showdown. And while La Paz quarrels with its flag carrier, LanChile's plan to exercise fifth freedoms between Bolivia and Miami could set back relations with Chile. LAB's privatisation in 1995, when Brazil's VASP bought ...
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Bouillioun still bullish
Boullioun Aviation Services has strengthened its claim on the number three spot among operating lessors by placing an order worth up to US$2.6 billion for new-generation Boeing 737s. With new financing for its subsidiary, Singapore Aircraft Leasing Enterprise (SALE), Boullioun continues to show its determination to keep growing despite the ...
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Scandinavia takes color
The launch of a low-cost no-frills start-up in Norway has forced the incumbents to cut prices, but the new entrant will be facing tough competition. Color Air began flying out of Oslo to Aaselsund on 7 August and will expand its network to Trondheim and Bergen later in August, ...
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Beware treading the bear market
The world economy is in precarious shape.The Asian crisis is expected to cut growth by over one third in 1998. The Japanese economy will contract by at least 1 per cent, prolonging the slump throughout the East Asia region, despite the big expansion package put in place in Tokyo. The ...
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Airline News
Transbrasil and TAP Air Portugal began codesharing on services between Lisbon and Sao Paulo, Rio de Janeiro, Salvador and Fortaleza on 30 June. TAP intends to expand in Brazil via Transbrasil's domestic network, as part of an agreement signed in 1997. Swissair was to begin codesharing with THY Turkish Airlines, ...
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Profits for better and for worse
Airline profits may be at an all-time high but can the industry keep them there? It's just déjà vu all over again. So a disillusioned sportsman is said to have remarked on seeing his team once again collapse to defeat. There may be more than a few in the airline ...
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Indian policy up in the
Even after six years of liberalisation, the Indian aviation sector is groping for direction. There is no consistent policy and the Civil Aviation Ministry has amended wet-leasing guidelines less than a month after banning the practice. The Foreign Investment Promotion Board has again deferred its decision on the Rs14 ...
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Two set for Tokyo launch
Japan has taken several more steps towards deregulating its skies by liberalising overseas fares and licensing two new domestic airlines. The Ministry of Transport is promoting fares competition by allowing higher discounts on international tickets. From October, fares for overseas tours may be 35 per cent below International Air ...
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Startup fills Vegas niche
A planned new Las Vegas-based airline differs from previous contenders in that its backers, two of the largest casino companies in the US, have a strong vested interest in its success. National Airlines expects to begin operations in early 1999 and has already raised more than US$50 million in ...
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Cintra stake changes over
The Mexican government is trying to distance itself from the management of Cintra, the holding company for Aeromex-ico and Mexicana Airlines, even though plans for a sale of Cintra shares, including those owned by the government, have been delayed. The federal government has decided to transfer its 10 per ...
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Kinnock acts on Malpensa
Signals in early July that Italian transportation minister Claudio Burlando and EU Transport Commissioner Neil Kinnock may be moving towards some sort of compromise on the opening of Milan's new Malpensa airport have proved unfounded. Talks between the two broke down in mid-July and the row has now escalated to ...
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Aces trumps
Bogotá has convinced Washington that Aces can fly new Airbus A320s to the US even though Colombia remains in category 2. Category 2 freezes US routes and fleets for foreign airlines, but Aces' tests and pressure from Colombian officials convinced the FAA to exemptthe airline's new jets. Source: Airline ...
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Safety concerns
The Philippines authorities have suspended domestic carrier Grand Air's operating licence for alleged safety violations and stepped up the supervision of six carriers, including Philippine Airlines. Source: Airline Business
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Pilots fear US alliance
Concern over job security in light of the proposed alliance with Continental Airlines has emerged as the key issue that could lead Northwest Airlines' pilots to strike from 29 August. The pilots' union says that, contrary to company statements, the dispute is about protecting jobs, not pay. The Air ...
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United's answer to Travelocity
UAL, the parent company of United Airlines, is somewhat belatedly taking a more aggressive tack in selling its online services. For several months United has been offering tickets on its world wide web site including weekly deeply discounted, Internet-only fares, actions most of its competitors took months ago. More ...