All news – Page 7212
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Paris draws Blanc on sale
It's a question of bad timing. Christian Blanc's departure as chairman of Air France has come at a fragile time, midway through the airline's restructuring process. Blanc resigned in September after the government ruled out selling off a majority stake in Air France. 'The captain has abandoned his ...
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Niu's for you
Air Niugini has asked for expressions of interest from Asia-Pacific's major carriers in its search for an equity partner as part of its privatisation process. There is no indication yet of the size of the stake on offer but management plans to reserve some shares for local investors and employees. ...
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Tu-204 launch
Russian carrier KrasAir has become the launch operator for the Rolls-Royce powered Tu-204. The carrier has ordered 10 of the aircraft from specialist marketing company Sirocco Aerospace International, which has acquired 30 of the aircraft to market globally. Source: Airline Business
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Cargo flux?
The dedicated freight operator Cargolux is banking on an all-B747-400F fleet and alliances to put it on a firmer footing in this notoriously unstable sector. MarkOdell reports from Luxembourg on the carrier's chances. Look beyond the seemingly perpetual decline in yields and the overcapacity that plagues the cargo industry and ...
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Shanghai set for overseas
Shanghai-based China Eastern Airlines is finally to face homegrown international competition from local rival Shanghai Airlines, just as the first example emerges of close cooperation among a group of provincial Chinese carriers. After years of lobbying Shanghai Airlines has won approval from Beijing to launch international flights and ...
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Continental plays its ace
Continental Airlines has inked its first alliance agreement in Latin America. But the Houston-based carrier appears to have limited its linkup with Aces Colombia to avoid invalidating its case opposing the alliance between arch rival American Airlines with Colombia's other international carrier, Avianca. Continental plans to link frequent ...
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Euro a key factor in bank mergers
A radical reshaping of the banking industry in Europe and the Americas, symbolised by a series of recent mergers, looks set to transform the relationship of the financial sector with transnational corporations. The changes in the structure of banking are being triggered by far reaching shifts in the international economy, ...
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No-frills feel summer chill
It may have been a red-hot summer season for the US major carriers, but the climate remained decidedly chilly for the low-cost startups. Air South is the latest to feel the cold draft of Chapter 11 bankruptcy and analysts believe there will be more casualties unless Washington intervenes. ...
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Delta bends to new head
'Bent, but not broken' is how Delta Air Lines' new president and chief executive, Leo Mullin, sums up the airline's current performance, identifying customer service improvements as a priority. As a newcomer to the airline industry it comes as no surprise when he puts his own spin on ...
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Weak rupiah hits Merpati
The currency crisis that has hit southeast Asia is having a marked effect on Merpati Nusantara Airlines. The state-owned carrier is suffering much more than Indonesia's other main carriers. Garuda earns more foreign currency and privately owned Sempati enjoys more flexibility, but Merpati finds its options limited by ...
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Mexican two set to float
The five major Mexican banks who converted Aéromexico and Mexicana debt into shares last year are about to cash in on the success of those airlines. Cintra, the parent company for both airlines, plans an international IPO that will offer 20 to 30 per cent of its shares ...
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PAL calls for total US ban
Philippine Airlines has called on Manila to suspend flights by US carriers into the Philippines, as a result of US Federal Aviation Administration restrictions which are causing major losses on trans-Pacific services. The appeal came within days of PAL announcing it was abandoning some flights to the key ...
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UPS wrapped up by people power
Record profits, yes. But a record number of labour headaches also. That is how 1997 is turning out for most of the US major carriers, and some industry observers are wondering whether the tide has turned in favour of organised labour. Just ask United Parcel Service. While still licking the ...
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Fair or foul?
Recent accusations by smaller US carriers of predation by their major rivals have renewed the debate over what is legitimate under US law. By David Knibb. It's a problem as old as deregulation itself. When does the legitimate competitive response of an incumbent carrier to a new entrant cease to ...
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Airline news
Austrian Airlines and Swissair have confirmed taking a 18.37 per cent stake in Ukraine International Airlines through a holding company in which Austrian Airlines holds 77.78 per cent and Swissair 22.22 per cent. KLM will inaugurate twice weekly services to Abidjan and to Nagoya via Sapporo from April ...
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French revolution is a non-starter
Blanc's successor as head of state-owned carrier Air France will face a rough rideChristian Blanc's resignation statement from Air France begins with a stark heading: 'I take note of the government's decision.' France's change of government, and the decision of prime minister Lionel Jospin to appoint a Communist transport ...
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Europe close to noise ban
Proposed environmental measures to reduce aircraft noise and emissions at European airports are stirring up a storm of protest. The European Commission looks set to adopt Ecac recommendations to ban hushkitted Chapter II aircraft after 1 April 1999. An official confirms that the Commission's proposals, which are due ...
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Fair's fare is the business
In sharp contrast to the wave of low-cost startups sweeping through Europe, a Paris-based carrier is set to start Europe's first dedicated business class service. Fairlines is to start scheduled business services this November from Paris/Charles de Gaulle to Nice and Rome/Fiumicino using 70-seater MD-81s. The aircraft will ...
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Everyday is a test of time
In an effort to bring an end to the deep discounting typical of US price wars, Northwest Airlines has stuck its head above the parapet and slashed its advance-purchase fares by up to 40 per cent. The carrier has won tacit support from rivals but it will take time to ...