All news – Page 7731
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Baltic bid
SAS has joined a group of Estonian and Scandinavian financial institutions to bid for 66 per cent of Estonian Air. The Estonian Privatisation Agency received a reported five tenders for the stake and should decide in late May who the successful bidder will be. The Estonian government will retain 34 ...
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Pan Am back?
Pan American is being raised from the dead by Martin Shugrue, a 20-year veteran of the original airline. Plans call for the new carrier to focus on US transcontinental services. The Bank of Holland, lessor ING and other sources have brought in close to $40 million, according to Shugrue. ...
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Pilot problems
Sabena and Air France pilots are resisting management attempts to cut costs in the two carriers' regional subsidiaries - DAT and Air Inter Europe. Meanwhile, Lufthansa is facing demands from its shorthaul cockpit crews to cut their maximum flight times. Source: Airline Business
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Financial results
A restructuring charge of $533 million relates to early retirement programmes, writing down DC-10s and retiring turboprops. Traffic increases accounted for the 44% increase in profit. BA's yield was up 2.3%, with 1.3% due to exchange rate gains. Passenger revenue per ASM was up 1.6 cents ...
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Fokker's future hangs in balance
Dutch aircraft manufacturer Fokker is fighting for survival as a split emerges between the two main partners in the proposed Asian Express 100-seat aircraft project. Richard Whitaker reports from the Asian Aerospace show in Singapore.The 30 companies considering bids for all or part of crisis-torn regional aircraft manufacturer Fokker face ...
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Korea expresses Asian jet doubts
The purported partnership between China and South Korea to design and build a 100-seat jet dubbed the Asian Express AE-100 may be close to dissolving, as Singapore Technologies allies with China and the potential western players await the choice of a technology partner. Moo-Sung Yu, president of Samsung Aerospace, confirms ...
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More aircraft up for Sale
Singapore Airlines' leasing joint venture, Singapore Aircraft Leasing Enterprise (Sale), is in expansion mode and could have 50 aircraft in its portfolio within five years. Current plans envisage 25 widebodied aircraft by 2001, but Sale is considering entry into the narrowbody market which could result in a doubling ...
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Germans hold key to antitrust issue
Imagine, for a moment, a hypothetical situation. The US and UK agree to complete open skies liberalisation for the benefit of their respective carriers, though with a caveat demanded by the UK: the US must first agree to bestow antitrust immunity upon the British Airways-USAir alliance. The US agrees. You ...
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Asia's open gap
The Japanese sponsored forum on cooperation in Asia-Pacific underlines the divergence over open skies in the region. The word 'liberalisation' was removed from the joint communique. Some nations, led by Singapore, New Zealand and South Korea, had pressed for 'gradual and orderly liberalisation'. Others, notably Japan and China, were reluctant ...
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Malays scrap over airport
Indo-China's airport authorities are striving to catch up with the rapid pace of modernisation but at least one is finding to its cost that dipping into airline revenues is a recipe for confrontation. Plans by a Franco-Malaysian-Cambodian airport management consortium to part fund an ambitious redevelopment programme for ...
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Order doubts slay dragons
China's smaller carriers are in a life or death struggle to gain Beijing's approval for what they expect will be a limited number of aircraft orders this year. The outcome of the battle looks likely to settle which airlines survive and which are swallowed by others. And the ...
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Japan set to tie down
Tokyo is hoping the new pragmatism demonstrated by Washington on fifth freedom issues with Thailand will carry over into passenger talks it hopes to start in April. Thai-US negotiators reached agreement on a new bilateral surprisingly fast, thus ending a six year impasse over US fifth freedoms. The ...
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Lessors less committed
For the first time in years, operating lessors are placing major aircraft orders again without advance lease commitments and amid warnings that history may repeat itself. General Electric Capital Aviation Services (Gecas) has ordered 107 Boeing aircraft, and is reportedly close to making a large Airbus order. Singapore ...
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One problem, three Chinas
Beijing's sovereignty claims over the 'territories' of Hong Kong and Taiwan are having repercussions throughout Asia and could yet spread to other parts of the world. China's attempts to disrupt Taiwan's presidential election in March have left the status of air services between several Asian points in limbo. ...
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Indians hit by tax threat
A liquidity crunch among India's private operators has forced them into a showdown with the country's tax authorities, which are threatening to ground the fleet of any defaulter for the second year running. At presstime, two carriers - Modiluft and feeder airline Jagson Airways - were still facing ...
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GPA: same old story?
A US pension company is threatening to force GPA into bankruptcy, just as the troubled aircraft lessor faces a realistic chance of financial stability for the first time in four years. Shannon-based GPA, which reported losses of $26 million to 31 March 1995, wants to launch a bond ...
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DAC to take Tarom slack
Tarom Romanian Airlines is preparing to hive off its unprofitable domestic routes and part of its regional operation to a new private enterprise, DAC Air. At presstime, the Romanian government was negotiating the conditions of the transferral of route rights with George Paunescu, entrepreneur and chairman of the ...
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Jumbo threat spurs Airbus
Boeing's recent sales successes in Asia with the B777 and B747 are forcing Airbus to consider an early launch for its A3XX project, as the US manufacturer prepares to stretch its largest jet. While Airbus and its partners ponder the viability of their $8 billion programme, Boeing is ...
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More than a name change
Chairman Christian Blanc is using the UK market to trial his plans to merge Air France's European operations with Air Inter - already legally known as Air France Europe. Air France's sister carrier is taking over all operations on routes from Paris/Orly and the French regional destinations to ...
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Kinnock aims for mandate
European transport commissioner Neil Kinnock is hoping to turn a potentially serious threat to securing the external negotiating mandate to his advantage as the Commission aims to secure at least part of the elusive holy grail this year. On the surface, the tentative open skies accord reached between ...