All news – Page 7732
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ANZ rejigs Ansett deal
Air New Zealand's tortuous attempts to forge an equity alliance with Australian operator Ansett are fast taking on more shades than a chameleon. After prolonged discussions to reach an agreement to make a phased purchase of TNT's 50 per cent holding, new talks are underway to change the shape of ...
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Gang of four menace MAS
Malaysia Airlines' traditional monopoly on domestic and international air services is coming under increasing threat from four other carriers. The national flag's much-vaunted potential competitor, Air Asia, is set to join forces with Malaysian regional startup Saeaga Airlines in a joint venture with services to major regional destinations. ...
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Airline speak: a beginner's guide
In this industry people rarely mean what they say. Here's what they really mean.As airline startups multiply and established carriers recruit new management teams, there is a steady influx of new blood into this industry. Newcomers listening to the old hands talking might make the cardinal error of assuming that ...
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Iberia denied an easy ride
Iberia has still got some way to go before it gets its hands on the full state capital injection approved by Brussels in January. And the intended use of the funds will come under further European Commission scrutiny before the Spanish flag is allowed to implement its financial restructuring programme. ...
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Land or sea?
The US Supreme Court has ruled that air crashes at sea are covered by a statute applying to accidents on 'the high seas'. The decision in a case brought by relatives of victims of the KAL 007 crash limited recovery claims to economic injuries. This conflicts with lower court rulings ...
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EBA: the new Euro Virgin?
Virgin Atlantic is concerned that its carefully crafted brand image could suffer from the planned foray into low-frills, low-cost operations in Europe by chairman Richard Branson. Virgin Europe, headed by ex-Continental Express boss Jonathan Ornstein, declared an interest in mid-February in buying 80 per cent of Brussels-based EuroBelgian ...
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ATA bemoans Russia deal
By approving a $1 billion loan to Aeroflot, the Export-Import Bank has inadvertently become the latest target in the US airline industry's fight to have the exemption on fuel tax reinstated. The howls of protest that greeted Exim's decision to grant a $1 billion loan to Aeroflot to ...
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Strike threat looms in US
A surprise deal between United Airlines and its flight attendants contrasts sharply with pilot-management talks at Delta Air Lines and American Airlines. As of mid-February, those two carriers were locked in federally mediated negotiations as pilots turned up the heat with strike preparations. The most notable points that ...
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Cuts start to pay at TWA
Restructuring at TWA is finally beginning to bear fruit as Delta Air Lines slows its broad '7.5' cost-reduction programme. But both carriers have been hard hit by one-time costs associated with layoffs, outsourcing, fleet retirements and, especially for TWA, new technology investment. At St Louis-based TWA, there are ...
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Hawaiian control
Airline Investors Partnership has bought a $20 million controlling stake in Hawaiian Airlines, following the ratification by the carrier's four unions of new concessionary contracts in mid-January. Charles Adams, AIP's primary shareholder, takes the duties of chairman from Bruce Nobles, who remains Hawaiian's president and CEO. Source: Airline ...
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Agents for change
All the major computer reservations systems recently signed distribution agreements in China. Elaine White outlines the Chinese travel agent scene and looks at the potential for automating what will become the world's largest travel market.China's travel and tourism industry may be relatively new, but it is already one of the ...
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A weighty premium
No one seems sure how much the interbank premium, which has been imposed on Japanese banks, accounts for their pull-back from aircraft finance, but it seems to be a likely cause. David Knibb reports.Financiers disagree over how much of Japan's fading dominance in aircraft finance is due to its banking ...
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Get off the carousel
Philippine Airlines, Thai International and Garuda are being hindered by too much political interference, and unwelcome clumsy deregulation policies, from cashing in on the potential of Asia-Pacific growth. Tom Ballantyne reports. There are problem children in every family, says a middle management official of troubled Manila-based national flag carrier Philippine ...
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No haste, just speed
Having sealed its partnership with KLM, Kenya Airways is wasting no time in completing its privatisation and entering the next phase of its development. Jackie Gallacher reports.Kenya Airways is in a hurry. It aims to complete its privatisation by the end of March, and to outline the main priorities for ...
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Latin Americans eye trade en bloc
The Latin American economies have recovered speedily from the Mexican crisis of a year ago. After an initial drop in capital flows into the region, inward investment has resumed, inflation rates across the South American continent have continued to moderate and growth rates are gradually being restored. As a ...
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On the upswing
Richard Whitaker and Sara Guild review the financial and traffic performances of the 40 airlines which have so far released data covering all or part of 1995. If 1994 was the year of recovery for the airline industry, for most carriers 1995 saw profits return with a vengeance. Ten out ...
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A personal approach
Straight corporate branding could soon be banished to the past as experience in other sectors demonstrates that a personalised approach is far more effective. By David Fraser. There was a time when manufacturers, introducing industrialised technology, created products that were targeted simply at a wide and somewhat ubiquitous audience. Take ...
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Good times, bad times
Northwest Airlines is no longer the highly leveraged, unprofitable carrier of a few years ago, but the carrier faces some tough hurdles in 1996. Jane Levere reports.The scourge of the investment community less than three years ago, Northwest Airlines is now the darling of Wall Street, having streamlined its operations ...
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Never green enough
Airlines may have escaped a global increase in noise and possibly on emission stringencies, but does this open the door for individual airports to impose surcharges at will? Sara Guild reports on the ongoing debate on the environment.Aeroengine emissions and noise have been the subject of countless meetings and reviews ...
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A few home truths
Full liberalisation of the domestic markets of all the third package signatory states is just over a year away but Europe's leading economy is already in its third year of fully-fledged domestic competition. Mark Odell reports. The prospects for new competitors in the German internal market appear bleak after liberalisation ...