All news – Page 7605
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Bought in Taiwan
Taiwan's major carriers are tying up more domestic links through stakes in local airlines. EVA Air will raise its stake in Taiwan Airlines from 30 to 40 per cent, while rival China Airlines has agreed to acquire a third of Formosa Airlines, subject to government approval. U-Land is now the ...
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Hainan first
Hainan Airlines has applied to list and sell up to 30 per cent of its shares on the Shanghai stock exchange. This would be the first public listing for a Chinese airline. Hainan proposes to split its IPO, reserving roughly half of it for foreign buyers. ...
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Aircraft news
Garuda Indonesia has signed orders for six Boeing 777-200s, to be delivered between 1997 and 1999, and 17 B737-300s and B737-500s, planned for delivery between 1997 and 1999. It also has taken options on six B747-400s. Egyptair's additional order for three Boeing 777s is for delivery between May and August ...
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Appointments
James P Kelly has been elected chairman and chief executive officer of United Parcel Service. Isaac Omolo Okero is the new chairman of Kenya Airways, which has renewed the contracts of managing director Brian Davies and finance director Malcolm Naylor. John W Power is to become ...
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Casting LOTs
The Polish transport ministry appears to have reopened negotiations with the six shortlisted advisers for the partial privatisation of LOT. The tender was annulled in June after the bids far exceeded the ministry's budget. Source: Airline Business
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Canadian change
Canadian Airlines' chief financial officer, Kevin Benson, has become president and CEO replacing Kevin Jenkins, who resigned under union pressure. Air Canada has named John Foster Fraser as its non-executive chairman replacing Hollis Harris. Source: Airline Business
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Berlin boost
Berlin Brandenburg holding company has confirmed that Schönefeld will become Berlin's main airport, apparently ending the search for a new site. The expansion plan, due for completion in 2007, will cost $6.8 billion, and increase annual passenger capacity from 5 million to 23 million. Source: Airline ...
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Sabena discord
Sabena appears to be heading towards confrontation with its pilots, who have rejected chief executive Paul Reutlinger's calls for further savings of $63.6 million through staff and salary cuts, aimed at returning the airline to profitability by 1998. Source: Airline Business
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Bow to no man
Pieter Bouw, the president of KLM, will need all his knowledge of the industry to rise above the crisis in the relationship with Northwest Airlines, growing competition from other hubs and US-European alliances, and insufficient market share in Europe. Interview by Jackie Gallacher. Airline Business: KLM's operating result declined ...
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Rivals in a state
What should airlines do when their competitors benefit from state aid? Gerrit Schohe argues that the current system for approving state aids requires an overhaul, but suggests that Commission decisions can be challenged successfully. One of the biggest controversies in the European aviation industry arose when the European Commission ...
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Extra lift
Atlas Air has found a winning formula: acquire used Boeing 747-200 freighters and operate them profitably on behalf of major airlines. Jane Levere reports. Some people say Atlas Air, the Golden, Colorado-based cargo carrier, is really in the taxi business rather than the air freight business. However you describe the ...
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Slow to plug in
It's not surprising that Asia Pacific's electronic distribution push is being spearheaded by Japan, a country renowned for its leadership in the business of high technology. The nation's airlines have already made ticketless travel and self-service check-in and ticketing part and parcel of flying the country's domestic skies. All Nippon ...
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Euro hub race
The race is on in Europe, as the major carriers seek to gain a decisive competitive advantage by developing or further refining their hubbing strategies. Lois Jones reports. Since the third package heralded the advent of competition into the staid European market in the early 1990s, the continent's major airlines ...
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Ancient and modern
Saudi Arabian's new name and image are the latest components in a programme of wholesale change at the airline. Director general Dr Khaled A Ben-Bakr talks to Richard Whitaker. When it comes to changing things, Dr Khaled Ben-Bakr isn't reticent. Last year's order for $6 billion worth of new aircraft ...
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Smart cards to chip in
European carriers tend to wait for the thumbs-up from their US counterparts before pursuing any new trend. Yet the advanced stages of development of some of the carriers' electronic distribution products in Europe underscores their confidence in the huge potential this area has for transforming the business. The 'me-tooism' of ...
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Airline news
Unijet Group is to take over full ownership of Leisure International Airways by the end of April 1997, increasing its shareholding from the current 40 per cent. Continental Airlines introduced a daily route from New York/Newark to Quito via Bogota, a weekly flight to Düsseldorf, and second daily ...
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Wired for a new era
Last April, Dr Julius Maldutis, the airline analyst for Salomon Brothers who's never at a loss for superlatives, labelled electronic distribution the US airline industry's 'third revolution,' behind deregulation and the introduction of the jet. If an industry-wide on-line auction system for unsold seats existed, it would have added $5.7 ...
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Dole clues up on economic reform
This August's Republican Party convention in San Diego, California will offer American voters the first chance to examine in detail the policies which would be pursued if former Senator Robert Dole is elected as President in November. Despite more than 27 years in the US Senate, many of them ...