All news – Page 7803
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China stakes on the line?
Recent high-level signals from Beijing suggest the Chinese authorities are backing away from a policy which clears the way for foreign investment in airlines and are directly contradicting plans for foreign stock market listings for China's three main carriers. In late October, Civil Aviation Administration of China's deputy ...
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Chinese IPOs face delay
Time is running out for initial public offerings by two of China's leading airlines. Unless China Southern and China Eastern Airlines launch their IPOs in the US before year end they could be post- poned up to six months. If the airlines fail to file during December, the ...
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Merpati mire after sacking
Indonesia's troubled government-owned airline industry is in turmoil following the sacking of the president of domestic carrier Merpati Nusantara over his refusal to obey a Transport Ministry directive to lease 16 aircraft through a local company. Ridwan Fataruddin's departure came just a few months after the resignation of ...
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New deals aid Taiwan
Compromises on symbolic points have produced new air agreements between Taiwan and both Hong Kong and Macau. Following expected ratification in December, Taiwan will have five-year agreements that straddle the return of both territories to Chinese control. The deals provide new opportunities for Taiwan's airlines and an end to the ...
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'Economic' spying bugs Japanese
Not many people were surprised to learn, in October, that the CIA undertook 'economic' spying on US trade rival Japan. The high-profile impetus for the intelligence gathering was the US-Japan automobile trade talks that were resolved in July after the two sides negotiated an eleventh-hour settlement under the spectre of ...
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Abacus first in the frame
Abacus has become the first CRS to win access to the vast Chinese market in a deal that should give the Singapore-based company a lead in developing a full-scale CRS for China. The Civil Aviation Administration of China (CAAC) awarded the contract in mid-October after a three year battle that ...
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Thamnoon's high noon?
Thamnoon Wanglee is fighting for survival as president of Thai Airways International amid investigations into allegations that he authorised the sale of a damaged Airbus A300B4 to Switzerland-based Sebina Trading for US$1.8 million, when it was said to be worth close to $12 million. Investigators are trying to ...
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Alitalia hit by One startup
Startup carrier Air One will end Alitalia's monopoly on Milan-Rome, the Italian flag carrier's most profitable domestic route, following increased slot availability at congested Milan/Linate. Air One, formerly Air Adriatica, will serve Europe's fifth largest route five times a day from end November, with plans to increase to ...
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Solo launch in Malaysia
Plans for a single multinational airline to operate within the Asean region appear to be falling by the wayside with the planned 1 January launch of a new Malaysian operator, Saeaga Airlines. The newcomer is a joint venture between Malaysia's Ekran Air Services (20 per cent) and the ...
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China set to move on HK
Cathay Pacific is facing its worst nightmare, the startup of a Chinese-controlled, Hong Kong-based rival backed by powerful friends in Beijing's corridors of power. Despite complaints that the action breaks the Sino-British joint declaration on the hand-over of Hong Kong to China, the territory's civil aviation director Peter ...
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From bust to boom in a year
The good times are here again - but nobody can predict for just how longIt's at times like this that largesse takes over. As 1995 draws to a close, it is clear that at long last we have a vintage year for airline profitability - Iata says its members will ...
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El Al faces Jordan threat
The Middle East peace process is starting to have a significant effect on the aviation sectors of Israel and Jordan, with Royal Jordanian close to competing directly with El Al and both sides reaching agreement on a joint airport project. Assuming the fallout from the assassination of Israeli ...
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Foreign sale for home win
It's an incestuous business. As Iberia was negotiating the sale of a major part of its stake in Aerolineas Argentinas to secure state aid approval from Brussels, the Argentine flag carrier was preparing to sell its shareholding in its domestic subsidiary indirectly to Iberia's parent. At presstime, Aerolineas ...
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French open house offer
One of Europe's last bastions of regulation is starting to crumble as the French market embraces liberalisation. Under the third package, which came into force in 1993, all member states had to open up their home markets (excluding ninth freedoms) by January 1996, at the latest. France, like ...
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Disk drive to cut costs
The push to cut distribution costs has compelled other US and European majors to follow United Airlines, USAir and British Airways in giving frequent flyers direct access to their CRS through the use of computer disks. The three trail blazers will give selected customers direct access to the ...
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Iata frees up liability limit
The signing of an inter-carrier agreement aimed at waiving all liability limits is a bold initiative aimed at overcoming global political inaction. The accord, signed at the Iata AGM in Kuala Lumpur, removes all limits on passenger liability claims, which currently range from $10,000 to the unlimited ceiling ...
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Saudia signs up
Saudia has confirmed its order of US aircraft, taking 23 B777-200s and five B747-400s for delivery between 1997 and 2001 and 29 MD-90s and four MD-11Fs by 1997. Source: Airline Business
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Kiwis close in on Ansett
The on-again, off-again flirtation between Air New Zealand and Ansett Australia has found a new lease of life with a surprise twist. At presstime, the Auckland-based flag carrier was within 'a few days' of finalising the purchase of up to half of Ansett - from TNT. ...
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Exim tighter on security
Securitisation of export credit guaranteed loans looks set to take hold in Europe, but recent changes made by Eximbank to counter the growing popularity of the technique in the US throws up new hurdles to financiers. European export credit agencies have watched securitisation of Eximbank deals take off ...
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Pena to face Asia action
'All eyes are on Asia-Pacific,' said US transportation secretary Federico Peña before leaving on a 17-day tour of the region in November. Declaring he had done all he could for now in Europe, Peña is faced with at least three potentially explosive situations in Asia. The latest drive ...