All news – Page 7656
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Xiamen tests public purse
Xiamen airport has become China's test case for finding new funds. After Cathay Pacific's retreat last December ended the first attempted airport development with a foreign investor, Xiamen has now taken the lead again and become China's first airport to make a public offering. But foreign equity is proving elusive. ...
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UPS closes on Taipei hub
The decisions by United Parcel Service and DHL to launch Asian hubs commit all four of the big express cargo carriers to the Orient. The question now is which of the differing strategies will work and whether they will avoid the bloody shakedown that followed a similar scramble four years ...
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Twin trouble over China
The extraordinary growth in China's air travel market has come as a welcome boost for the world airline industry but it is also sparking serious confrontation between rival carriers of two Asia-Pacific nations over route rights. In South Korea, Korean Air and rival Asiana Airlines are tussling over ...
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More cash as heads roll?
Indonesian flag carrier Garuda is undergoing more management upheaval as it struggles to implement a critical fleet modernisation programme and lift performance after one of its toughest years. In the face of intense competition on key domestic and international routes from local rival Sempati and more efficient foreign ...
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Sabre all set to go it alone
The only computer reservation system still linked to a single airline is about to gain more autonomy as AMR plans to convert its Sabre operating divisions into a separate shareholding subsidiary. But will the parent of American Airlines seek an equity partner for Sabre? AMR has toyed with ...
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Sempati sale signals float
In a move to boost its balance sheet before going public, Indonesia's Sempati Air is to sell 40 per cent of its equity in a private deal to an Indonesian-Malaysian consortium. Coupled with a planned public offering of another 20 per cent later this year, Sempati will make ...
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Thai weighs cargo option
Thai International wants to take full ownership of a proposed national all-cargo operator being set up to tap into the impressive 15 per cent growth in freight traffic - almost double the annual rise in passenger numbers. Thai's management is proposing to set up the as yet unnamed ...
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Market-led links are longer lasting
The most successful alliances to date were based on more than just fashion.Producing a comprehensive list of airline alliances can be frustrating. Just as you are outputting the last version of the tables, Northwest announces a deal with Air China. Then, after the tables are finally finished, British Airways announces ...
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Politics turn sweets sour
Political interference has left South African Airways seriously out of pocket and the airline's management quietly seething after a clash between two government departments over the interpretation of trade rules led to the delay of desperately needed new aircraft. The debacle centres on SAA's order for seven B777s ...
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Sun shines on BA empire
Danish regional Sun-Air has signed a franchise agreement which will see it operating as British Airways Express from August. The deal marks the first time BA has franchised its Express brand to an airline based outside the UK, although 49 per cent-owned TAT European Airways of France is licensed to ...
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Eleven oust Afrique boss
The tense standoff at Air Afrique between management and unions has finally led to the sacking of chief executive Yves Rolland-Billecart, who has failed to reverse the decline at the multinational African carrier since his appointment in 1989. The unions' demand for the sacking of the entire management ...
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Estonian bid
At least two bidders have emerged for the 66 per cent stake the government is offering in state-owned Estonian Air. SAS is leading a consortium that took 41 per cent of new Latvian carrier Air Baltic last year. Baltic International USA, which is also part of the Air Baltic consortium ...
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Euro majors sweat it out
A block on state aid, job cuts and cash shortages. Just three big headaches that should ensure the managements of the struggling European majors endure a long, hot summer. Olympic Airways has become the first carrier to suffer the ignominy of having a tranche of its state aid ...
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Lax tax rules hit at costs
As US carriers report record earnings during the first quarter, some analysts are cautioning that the windfalls, in good measure due to the lapse of the 10 per cent ticket tax at the start of this year, are disguising a rise in unit costs. On one of the ...
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Time for last post again?
The sale of Venezuela's state-owned airline Aeropostal, bankrupt and grounded since October 1994, could take place by late June. Though the carrier's assets are limited and valued at $20 million, the asking price is double that. The government claims that it has received five bids, but analysts regard ...
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CNAC enters with Dragon
Hong Kong's handover has come a year early for Dragonair. Yielding to Chinese pressure, Cathay Pacific and the Swire group have agreed to cut their holdings in Dragonair and allow China National Aviation Corporation (CNAC) to take control. Peter Sutch, Cathay's chairman, describes this as 'an accommodation of PRC aviation ...
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Yemeni twins
The delayed merger of Yemen's two flag carriers Alyemen and Yemenia should have been completed by mid-May, according to Bardawil Middle East Aviation Newsletter. The carrier's name is Yemen Airways-Yemenia and Saudia is a 49 per cent shareholder, having previously held the same equity share in Yemenia. Source: ...
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Swiss release
Swissair's decision to concentrate longhaul flights at its Zürich hub at the expense of Geneva has prompted a revision of the Swiss Federal Aviation Act to end the flag's monopoly on the Geneva-Basel and Geneva-Zürich routes. The government is also considering designating a second Swiss carrier in bilaterals to bring ...
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Virgin buys into Europe
With the Virgin Group's takeover of 90 per cent of Euro-Belgian Airlines (EBA), continental Europe is getting its first taste of the US low-fare, short-haul carrier craze. In return, the US management team of Brussels-based Virgin Express is getting its first taste of the vagaries of the European market. ...
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Trust US for new allies?
Washington's aviation scene is bubbling with potential alliance building and demolition, after the US Department of Transportation tentatively approved the application for antitrust immunity between United Airlines and Lufthansa. 'There is no question that all kinds of conversations are going nonstop and the immunity applications are the big ...