All news – Page 7263
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Corruption is blot on world markets
The open-market creed which has become the rallying call for the international economy has its downside. Open markets have led to greater volatility on the foreign exchange markets, with countries like Thailand and Bulgaria having to adjust to speculative attack. Worse, open borders and unfettered internal markets have led to ...
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Xiamen joins China float
Xiamen Airlines looks set to become the fourth Chinese airline to go public, following the boost the domestic carrier has given to its majority shareholder China Southern Airlines in advance of its parent's late July stock market debut. At presstime, China Southern was heading for Hong Kong and ...
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Airline news
Icelandair will introduce four weekly flights to Minneapolis and two weekly flights to Helsinki in 1998. Olympic Airways commenced five weekly Athens-Budapest services on 22 June. Delta Air Lines is planning to operate daily Atlanta-Caracas services in December 1997, subject to government approval. Sabena ...
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Everyone hit as strikes get a grip
Employee morale slumps; airlines lose hard cash and goodwill; customers suffer. Short of a fatal accident, it's an airline chief executive's worst nightmare. Billions of dollars worth of shiny aircraft sit idly on the ground. Terminal buildings are thronged with displaced customers desperate to find a way to get to ...
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Power to the plans
As the major alliance partners strengthen the ties between their frequent flyer programmes, the combined power of FFPs to influence the all-important business class traveller has made frequent flyer plans more important to global alliances than codesharing. Report by Jackie Gallacher. 'It is the glue to hold the alliance together.' ...
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The price of loyalty
Frequent flyer plans have evolved into a network of partnerships based on the sale of air miles. Randy Petersen discusses FFP partnerships and compares the major programmes. Frequent flyer programmes have become big business. Considered the most popular form of loyalty marketing, they have also become text book examples ...
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SIA re-opens Indian file
Singapore Airlines looks set to become the first beneficiary of the latest twist in India's convoluted efforts to develop a coherent aviation policy. The country's new prime minister has directed the aviation ministry to abandon its two-month old ban on foreign ownership of domestic airlines, opening the door again to ...
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Jakarta trio seek remedy
Indonesia's financially battered airlines are taking extraordinary measures in their bids to turn around their performance, including the end to most domestic competition. Privately owned Sempati Air, with debts of more than US$300 million, has given up competing with national flag carrier Garuda Indonesia Airways and entered an ...
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KLM ponders US disposal
As KLM increased its holding in Air UK to 100 per cent, speculation was mounting that the Dutch major was close to selling its 19 per cent stake in partner Northwest Airlines. The move by KLM to sell its stake in Northwest is seen by analysts as the ...
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Five vie for cut of LAM
Three airlines have emerged as bidders for a stake in LAM Mozambique Airlines, with a decision due by October. In total five consortia, including three led by TAP Air Portugal, South African Airways, and Air Mauritius, have pre-qualified to bid for a 51 per cent stake in the ...
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Aer Lingus is left in a stew
Aer Lingus may need its share of the luck of the Irish to pull it back from the brink of pending financial disaster. The airline requires equity investment via a public flotation or a strategic alliance, combined with a severe cost cutting programme, to pre-empt repetition of its ...
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Brazilian Delta
Delta Air Lines and Transbrasil have signed a letter of intent which envisages joint marketing, enhanced interlining and schedule coordination and passenger handling. The partners will also explore codesharing and/or a blocked space arrangement. Source: Airline Business
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Princess wins
The Thai government has confirmed the designation of Princess Airlines as the country's second international airline. Source: Airline Business
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Boeing clear?
The Boeing-McDonnell Douglas merger was awaiting European Commission approval at presstime after Washington had cleared the deal in early July. Early indications were that Brussels would approve the deal to avert a trade war. Boeing is expected to make concessions on its exclusive deals with three US airlines and the ...
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Qatar plans Gulf shuttle
Qatar Airways plans to introduce the first intra-Gulf 'shuttle' service as part of the airline's ambitious relaunch. Qatar intends to launch a minimum of four daily turboprop services from Doha to Dubai and Abu Dhabi by the end of 1998. If successful, Qatar will extend the 'shuttle' concept ...
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Regional jets put skids under props
The regional jet was the star performer at the Paris Air Show. Karen Walker reports on the growing fan club of this relative newcomer and identifies more reasons for turboprop makers to worry. The regional jet has come of age in Paris. It has established a solid customer base and ...
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...and eyes up ANZ stake
After pinning down its far-reaching alliance with Air New Zealand and Ansett, Singapore Airlines is reaching for its chequebook in preparation for equity investments in Asia-Pacific carriers. SIA is talking about becoming a part-owner of Ansett, Air NZ or both, according to insiders. At the same time, the ...
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Big seven hit by tax lobby
The seven US majors lobbying to replace the universal 10 per cent ticket tax have talked themselves into a corner and look set to end up with an extra $4 billion to pay over the next five years. This is the estimate of one Washington lobbyist, who says ...
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Agents of change
The combination of commission capping by airlines and the advent of new technology was expected to spell doom for many in the travel agency business. But cushioned by the economic upturn, the sector is starting to adapt to the changing environment in a bid to survive. By Jane Levere. Commission ...
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Cry Wolf!
After 18 months as chairman and CEO Stephen Wolf has changed USAir's livery and name to USAirways but achieved precious little else. As he struggles to persuade the unions of the need for concessions, Karen Walker asks if this US airline veteran's bark is now worse than his bite. Could ...