All news – Page 7156
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Airports survey - Airport financial results
City or country Airport company Revenue 1996 Revenue % change Net result 1996 Net result 1995 Year End United Kingdom BAA plc 2,175.9 11.0 469.1 492.9 Mar-97 Frankfurt Flughafen ...
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Airports survey - Top 50 airports 1996
Rank 96 Rank 95 Airport Passengers 96 Pass % change Domestic 96 Dom % change International 96 Intl % change Freight 96 Freight % change Movements 96 Move % change 1 1 ...
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Aeroflot rapped
Following a safety incident in Seattle, US FAA investigators noticed that Khabarovsk Airlines, a renamed former Aeroflot division which now flies scheduled services from Russia's far east to Anchorage and Seattle, was using Aeroflot's operating certificate. The FAA has issued Khabarovsk with its own certificate but may penalise both Aeroflot ...
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Lufthansa freed
The German government floated its remaining 37.5 per cent stake in Lufthansa for $2.77 billion. Source: Airline Business
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Friendly Finns
Finnair has opened talks with British Airways on an alliance to replace agreement with Lufthansa, which expired in October. The airlines will examine joint marketing and FFP participation and ways to increase penetration of the Scandinavian market to match that of SAS and Lufthansa. Source: Airline Business
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Olympic effort
The European Commission has dropped an anti-trust case against Olympic Airways in exchange for an end to its ground handling monopoly in Athens from January and changes in Greek employment laws. Source: Airline Business
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Air China to go for IPO
Air China is pressing ahead with plans for its own initial public offering despite the postponement of the listing by the CAAC's commercial arm, China National Aviation Corporation. Air China aims to shrug off its state control and partially privatise within two years. 'We'll float by 1999 at the ...
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The wall comes tumbling down?
Lois Jones The Great Wall of China runs slap bang through Air China's offices. Or so it seems to the uninformed outsider. Over the years, the state-controlled Civil Aviation Administration of China has constructed a wall of resistance designed to keep outside influences and potential friends and foes away ...
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Hub fever
In many industries, concentration forces have led to a few large mass producers with a global reach, each striving to achieve the lowest unit costs through increased efficiencies and higher production volumes. In the airline industry, global alliances are being created to achieve similar goals. However, the individual airline operators ...
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Hitch for BA and Qantas
Alliance partners planning extended codesharing between Europe and Australia have had their strategies thrown into disarray by the Australian government's route rights authority. In a draft ruling the Canberra-based International Air Services Commission (IASC) shocked Qantas and British Airways by saying it will refuse them permission for a wide-ranging ...
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BA in pursuit of leisure
British Airways' much-hyped plans to launch a low-cost point-to-point carrier may herald a larger push into the European leisure market, including a standalone charter operation. BA has already come under fire for considering its own no-frills carrier to limit the advance in the UK market of low-cost players like ...
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Boeing hits bottleneck
Boeing is trying hard to swallow a bitter pill of late delivery charges and costs linked to production delays and to get back on top of its aircraft production rate buildup. Boeing's decision to shut down its B747 and B737 production lines for a month follows a frenzy of ...
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Latin airport sales closer
Brazil and Argentina are both looking to private investors to help finance airport expansion, as traffic in the region increases following the creation of the Mercosur free trade zone incorporating Brazil, Argentina, Paraguay and Uruguay. Brazil has included airports on its list of assets to be privatised by the ...
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Hangover cure
Karen Walker 'Swire prince' are words often whispered in the wake of David Turnbull, an acknowledgement of his rapid rise through the management strata of the Swire Group. His 21 years of experience at Swire have been tested severely over the last 12 months, however, since he inherited one ...
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Taiwanese ties that bind
China Airlines may have replaced the national flag on its aircraft tail with a plum blossom, but it is still struggling to disentangle itself from government interference. The reins of power controlling China Airlines are firmly back in the grip of Taiwan's ministry of transport and communications, after the ...
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China cries out for more
The announcement of a $50 billion order by China for Boeing aircraft coincides with an unseemly scrap for the Airbus aircraft ordered four years ago. Some carriers are set to miss out on their request for Airbus A320s and A321s as demand outstrips the 30 aircraft ordered by China ...
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Shanghai shangrila
Lois Jones Any visitor to Shanghai is easily charmed by its bewildering mix of old and new. Neon lights bejewel 1920s façades, and rickshaws vie for space with resplendent new Volkswagens in the city's ever-widening roads. It's fitting that as the main carrier serving China's eastern gateway, China ...
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Chinese revolution?
What gets bigger must get smaller. An unlikely paradox? Not for the Civil Aviation Administration of China. In its eyes, domestic traffic growth makes only one conclusion possible - the number of airlines must fall. Most airline CEOs would be positively drooling. A population of 1.224 billion is set ...
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Southern belle
Lois Jones Chairman Mao would not have approved. If, as Mao alleged, western-style commercialism and capitalism are corrupt, then China Southern Airlines is rotten to the core. As China closes the book on socialist economic dogma and emancipates its state-owned enterprises, China Southern is one of the first ...
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Sabena lures City Bird
Sabena has stepped up the defence of its Brussels base by taking an option to buy up to 25 per cent of City Bird, the low-cost Belgian long-haul start-up. However, the deal threatens to send out confusing signals to Sabena's alliance partners and passengers who are already struggling with ...