All news – Page 7342
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Brit franchise
French regional Brit Air has signed a global franchise agreement with Air France, ramping up its current deal on two routes to cover all Brit Air's regional and intra-European services and 10 routes currently operated by Air France Group carriers. The deal starts at the end of October for five ...
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Midland shares
Lufthansa and British Midland have confirmed their long-awaited codeshare agreement. The deal will see the UK carrier launch a twice daily service between London/Heathrow and Cologne-Bonn and a single daily fifth freedom service onwards from Germany to Rome/Fiumicino. Source: Airline Business
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Ryanair to float
Irish low-cost carrier Ryanair was planning to offer 54.1 million shares on the Dublin and New York markets at presstime. The offering at the end of May will mean about 35 per cent of Ryanair's shares will be publicly traded. Ryanair aims to raise US$157 million from the flotation to ...
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New pals?
Philippine Airlines is looking for new investors to take up some 348 million unsubscribed shares - about 12 per cent of PAL's outstanding stock. Part of the block is on offer to both local and offshore investors for some US$64 million. The carrier is talking to potential buyers from the ...
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Sun short list
The South African government has shortlisted eight consortia bidding for a 49 per cent stake of Sun Air, including four consortia led by Virgin Atlantic, MAS, Air France and Comair. Source: Airline Business
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Two to go
After an 18-month delay the Joint Liaison Group has approved Hong Kong's bilateral with the US, leaving only two major bilaterals pending. Hong Kong has agreed deals with both the UK and Japan, but both still need approval, which is expected before Hong Kong's handover. The US pact expands third ...
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Appointments
François Bachelet becomes chief operating officer of Air France Cargo. Martin George has become British Airways' director of marketing. Meanwhile, BA's chief executive Bob Ayling has become chairman of the Association of European Airlines for 1997. Willem E Kooijman will become KLM's executive vice president personnel ...
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Subsidy talks
The US has rejected a call from the EU for a special meeting to discuss aircraft subsidies in mid-May. But Washington has indicated its willingness to discuss the issue at the next round of trade talks in mid-June. Source: Airline Business
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Ozzy for sale
A consortium led by Amsterdam/Schiphol airport has bought Brisbane airport for US$1.1 billion, while Australia Pacific Airports Corporation, which includes the UK's BAA, has bought Melbourne Airport for US$1 billion. Perth Airport has gone to a consortium led by Lockheed Martin and Soros Capital for US$502 million. ...
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Oslo calling
This year's ASM/Airline Business route planning forum, Routes Oslo 97, will be held on 15-16 September in Oslo. It will incorporate the first Routes Airport Marketing Awards. Details from ASM on +44 161 832 2120, or by fax on +44 161 839 4252. Source: Airline Business
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Bidders line up for Iberia
European and US airlines are lining up to take a stake in Iberia as only two carriers remain in the fray for part of the Spanish flag carrier's former holding in Aerolineas Argentinas. A senior source at Iberia has disclosed that Air France, American Airlines, British Airways, Continental ...
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Malay duo to share routes
Malaysia's second international carrier AirAsia is planning a rapid expansion programme but this is unlikely to trouble incumbent Malaysia Airlines after the two carriers agreed to avoid competition. Operating as Pacific Eagle, the carrier is set to launch services to Shanghai in China - alongside MAS - and ...
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French make waves in Fiji
It's normally the US that stands accused of neo-colonialism. But not to be outdone, France has decided it too can play the game and the focus of its efforts is the tiny Pacific island of Fiji. The island's government, a major recipient of overseas aid from the European ...
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BA fuels Air Algerie spat
Air Algérie hasn't exactly received the warmest welcome back to Paris/Charles de Gaulle since it resumed flights from the airport in April, with British Airways leading a 34-airline protest against security arrangements at the French airport. The UK carrier is concerned about sharing a baggage conveyor with Air ...
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Alitalia too late for aid?
Alitalia appears to be a victim of the 'first come, first served' principle. Brussels has rejected the Italian carrier's amended restructuring plan yet cleared Air France's final tranche of state aid. But the legal challenge to Air France's aid has moved a step further. The Commission informed Alitalia ...
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Partners for now
Every year sees a major change to the global alliance movement and this year's survey, the fourth consecutive since 1994/95, is no exception. Last year SAS left the European Quality Alliance for Lufthansa, while this time British Airways ditched its codeshare with US Airways in favour of American Airlines. With ...
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ANA homes in on losses
All Nippon Airways believes it may soon be able to restructure its massive domestic network by dropping a significant number of unprofitable routes, a move barred until now under government regulation. The airline says it 'understands' further domestic liberalisation, which has already seen an easing of fare controls ...
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The good European
What do you get if you cross an English mother company with French and German subsidiaries? The airline industry is still waiting for the punchline as British Airways pursues its so far unprofitable attempts to move into the French and German domestic markets via subsidiaries TAT/Air Liberté and Deutsche BA. ...
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Foreigners out
India's ban on foreign airlines investing in domestic carriers still stands, despite the collapse of the government in April. New prime minister Kumar Gujral has retained transport minister C M Ibrahim, architect of the foreign equity ban, while free marketeer P Chidambaram has resigned as finance minister. However, there is ...