All news – Page 7632
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ANA bonds
All Nippon Airways was set to raise Y100 billion in mid-June through the issue of its fifth unsecured convertible bond. The carrier will use the proceeds to finance aircraft purchases worth Y55.3 billion and to redeem a previous Y42.4 billion unsecured convertible bond issue. Source: Airline ...
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Indian aid
Air India has secured a US$355 million credit facility, lead managed by Chase Manhattan Bank, to help finance the purchase of two B747-400s due for delivery in the second half of this year. Source: Airline Business
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Spata spur
The European Commission has approved an Ecu2.15 billion ($2.6 billion) financing package for Athens' new airport project. Spata will become have annual capacity of some 15 million passengers when it opens in 2000, replacing Athens' existing airport. Source: Airline Business
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Rail rivals
European rail operators have thrown down another gauntlet with the introduction of a high-speed TGV service linking Paris, Brussels and Amsterdam. Operating under the name Thalys, the service will eventually reduce the rail journey time between Paris and Amsterdam from 5 hours 20 minutes to just under four hours. ...
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More Fokkers
Bankrupt Fokker is to build another 15 aircraft. The manufacturer will fulfill an order from KLM for a further seven F70s, while Vietnam Airlines will take delivery of two more of the regional jets. Ethiopian Airlines will get four F50s, while Formosa Airlines and TAM of Brazil will take one ...
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Debonair debut
UK startup Debonair was due to begin operating with a fleet of BAe146s in mid June, offering services from its London/Luton base to Barcelona, Munich and Düsseldorf. Source: Airline Business
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Cost cuts
It is ironic that two of Europe's airline success stories, British Airways and Lufthansa, are embarking on aggressive new cost-cutting programmes at a time when many of the money-losing carriers are still struggling to get their first-generation programmes in place. BA and Lufthansa are performing well, but not ...
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Body politic
At long last, moves are afoot to convert Airbus from an anachronistic partnership into a proper limited company. The structure under which Airbus has operated for 27 years is inappropriate for an enterprise which turns over $10 billion a year and plans a massive investment in a new aircraft. ...
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Airports
Stansted Airport is seeking to increase the air transport movement limit from 78,000 to 120,000 per annum. Amsterdam/Schiphol Airport is heading a consortium to reconstruct New York/John F Kennedy Airport's international arrivals terminal, and has won a 15-year contract to manage Cartagena/Rafael Nunez airport in Colombia. ...
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Aircraft news
UK charter carrier Leisure International Airways has ordered four Airbus A321-200s with deliveries scheduled to start in the first quarter of 1997. Comair has increased orders for Canadair Regional Jets from 45 to 50. The Delta Connection carrier also secured five more options for a total of 25. ...
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Appointments
Harold J M Williams has been appointed president of Fairchild Aircraft. Ford Ennals has resigned as marketing director of British Airways. Derek Dear, general manager for marketing communications and information, is standing in. McDonnell Douglas has selected Andrew W Quinn as MDC China's regional vice president ...
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Swiss shut tariffs door
When it came to putting its tariff structure into the Swiss market British Midland, one of the main drivers of price competition in Europe, hit a brick wall. The UK carrier launched its sixth European trunk route out of London/Heathrow into the lucrative Zurich market at the end ...
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The Tan dynasty
Lucio Tan has begun sweeping change in his first year as chairman of Philippine Airlines. He hopes a more stable future will enable him to complete the carrier's turnaround. Tom Ballantyne reports from Manila.When Philippine Airlines' chief financial officer Jamie Bautista set out in early June to raise money in ...
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Spoils of war
PAL's convoluted ownership structure has been at the heart of its continuing problems. At present the controlling stake of 67 per cent is owned by PR Holdings, while the remaining 33 per cent is in the hands of two government bodies, the Government Service Insurance System and Land Bank of ...
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Breaking the monopoly
Several startup carriers are attacking Philippine Airlines' former domestic monopoly and have international ambitions. Tom Ballantyne reports.Considering the skies over the Philippines were a stage monopolised by Philippine Airlines as recently as 18 months ago, the nation has since witnessed one of the Asia-Pacific region's most remarkable commercial aviation explosions. ...
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JAT is back
Since UN sanctions were first partially dropped in late 1994, JAT has relaunched its former European routes and aims to revive its North American and Australian services. Gordana Stevanovic reports from Belgrade.After teetering on the brink of extinction for more than two years, Yugoslav Airlines (JAT) has returned to international ...
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All change
Many US carriers are revising their hub strategies. The current trends include continuous hubbing, omni-directional hubbing and de-hubbing. David Treitel and Edward Smick report.In today's airline environment, network design is the key to profitability. But network design, or optimisation, must focus on profit maximisation - which is not ...
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Thawing out?
Two new carriers, WestJet and Greyhound, are trying to home in on any market opportunities in Canada's icy war between majors Air Canada and Canadian Airlines International. Jane Levere reportsLong an inhospitable graveyard for new entrants, the Canadian marketplace is being invaded once again by two fledgling airlines, one of ...
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Baltic bandwagon
The three Baltic states have had independence for only five years but the countries' airlines are already jumping on the privatisation bandwagon. Mark Blacklock reports from Latvia and Estonia.Latvia's two main carriers may have shut down less than a year ago, but a passenger studying the departure board at Riga ...
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Northwest's eastern edge
The launch of Northwest Airlines' non-stop Detroit-Beijing service in May is a competitive response to United Airlines' dominance in the US-China market that has been a long time in coming. The carrier says the new route gives it an edge in the eastern US, which generates two-thirds of China-bound traffic ...