All news – Page 7850
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News
Get smart inside the system!
For Northwest Airlines, record profits this year have been less a result of recent, company-wide efficiency programmes than of a series of initiatives - including route restructuring, employee concessions and alliance-building - stretching back several years. Nonetheless, 'smarter' flying and pricing have produced lower costs and higher yields for the ...
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China cuts its numbers
Beijing has formally declared its intent to consolidate China's airlines after two years moving in that direction. The number is set to shrink by 40 per cent, but more carriers are likely to receive international designation as well. Li Zhao, deputy director of the Civil Aviation Administrat- ion ...
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Cape crusaders
Helped by the traffic boom, South Africa's domestic carriers are expanding into regional markets. By Sara Guild.Like most South African businesses in the post-apartheid, post-general election period, the domestic airlines are looking for opportunities - outside South Africa. Although international foreign tourist arrivals to South Africa should rise 30 per ...
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Fruits of change
South African Airways has had a year of radical change. Profitable at last, bolstered by high load factors and a new partnership with Lufthansa, the carrier is optimistic about the future. Sara Guild reports from Johannesburg. The days of the orange and blue aircraft are numbered. By the turn of ...
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More than a fleeting gain?
At Malev Hungarian Airlines, a major improvement in efficiency is one of the main outcomes of a modernisation programme that started back in 1991 but only really started to take root last year. Indeed, commercial director Ferenc Turi says the restructuring has really only just begun in earnest. 'We are ...
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Moving targets
Singapore Airlines' chairman J Y Pillay calls it 'The genius of the organisation at work.' Productivity has become a mantra in an airline industry which is desperate to find ways of improving its long term financial performance. All airline managers are putting in a great deal of effort to improve ...
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Twice bitten
After its second exit from Chapter 11, TWA is attempting to reinvent itself, from new livery to balance sheet. Mead Jennings talks with CEO Jeffrey Erickson. If Trans World Airlines Inc could receive one dollar for each time its death has been predicted in the past nine years, it probably ...
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EU in strain over monetary union
The prospect of moving ahead to European Monetary Union by 1 January 1999 is looking increasingly bleak. Despite a recent attempt by finance ministers to patch up political differences among the leading European countries, there is only a slim chance that a viable group of nations will meet the economic ...
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Financial results
Aeromexico was helped by US traffic growth, a stronger peso, and cuts of 600 employees and seven aircraft. Second-quarter net was $98m. Air NZ improved 36% despite the Kobe earthquake and the temporary grounding of its B737s. Alitalia's first-half loss was better than last year's, but ...
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Garuda puts on brave face
Indonesian flag carrier Garuda is seeking more codeshare partners after trimming dozens of flights and dropping several destinations from its global network amid speculation of mounting financial problems. The carrier has cut four European cities - Berlin, Munich, Vienna and Madrid - from its winter schedule and cut ...
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US boost as Ozberg nears
Cathay Pacific has launched an immediate review of its North American expansion strategy after the signing of a landmark air service agreement with the US. The breakthrough comes as welcome relief to Hong Kong negotiators embroiled in a bitter bilateral dispute with Australia. The US deal was forged ...
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Asiana close to the grade
Asiana Airlines has moved a step closer to parity with its bigger rival, Korean Airlines, after receiving its first routes to Europe and Australia, two key parts of the globe that were previously off limits to South Korea's second carrier. Asiana plans to launch service to Brussels via ...
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PAL struggle: end in sight?
The seven-month standoff over control of Philippine Airlines between chairman Lucio Tan and the government is still delicately poised, but a compromise may yet settle the dispute. The future of the struggling Philippine flag carrier has been in limbo since March, when the government shareholders invoked a 1992 ...
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Lankan sale aid
The Sri Lankan government has appointed Chase Manhattan Bank, consultants SH&E and the local People's Merchant Bank to restructure struggling Air Lanka prior to the sale of 49 per cent of the carrier next year. The consortium must address the carrier's $417 million debts and find an airline partner to ...
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Manila puts US on hold
Yielding to persistent pleas from Manila, the US has agreed to delay open skies provisions set to take effect next year under the bilateral. But in return Washington has extracted expanded cargo rights and a phased expansion of passenger services. Under provisions drafted in 1982 and already postponed ...
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Slow ahead in Europe
So far liberalisation has produced only a small increase in the level of competition on European air routes, and fares have generally risen, says a new report by the UK Civil Aviation Authority. Two and a half years after Brussels deregulated the European Union's aviation market only 7 ...
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Greenwald vitriol shocks Japanese
It is a simple question, but one that has been asked over and over by Washington aviation officials since the chairman and chief executive of United Airlines delivered a vitriolic, anti-Japan speech to the Economic Club of Detroit in late September: 'What was Gerald Greenwald thinking?' Greenwald, once ...
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UK secures Airbus alone
The UK's Export Credit Guarantee Department has completed its first aircraft securitisation, but without the involvement of its German and French counterparts, Hermes and Coface. ECGD says its partners 'did not want to come with us on this' and that its government approval was hard won. 'We have ...
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SA seeks to rebuild trust
Deregulation in South Africa has suffered a further blow following the demise of independent Phoenix Airways. The subsequent loss of public faith in private operators has led to a call for sweeping changes to the Aviation Act to ensure the financial health of startups. Phoenix Airways sought provisional ...
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Open skies for Asean?
Aviation authorities from the Association of South East Asian Nations members are expected to start their first round of talks on implementing an intra-regional open skies policy after the Asean summit in Bangkok in mid-December. In a report following a September meeting in Brunei, Asean economics ministers suggested ...