All news – Page 7851
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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 ...
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BA boosts Gatwick hub
Employee groups have given a guarded welcome to British Airways' decision to move more longhaul services from London/Heathrow to Gatwick, but negotiations over staff costs continue. 'We're reluctant to subsidise further growth at Heathrow through lower salaries at Gatwick,' says George Ryde, national secretary of the Transport and ...
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No capacity for control?
The issue of national sovereignty is still the biggest obstacle to efficient use of Europe's air traffic control capacity and the political sensitivities have already led to a sharp rebuke for the European Commission. The Commission was warned at the end of September by the Council of Ministers ...
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The quest is on for market power
In coping with more airline consolidation, regulators could well be out of their depth.In a recent television interview, a reporter asked a simple question: 'Why would anybody want to buy an airline which has lost over $3 billion in the last five years?' Put like that, the interest being ...
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Swiss show true colours
No sooner had Brussels given Swissair access to the single European market through its investment in Sabena than the Swiss government played the protectionist card, opening itself and the Commission up to criticism. The Swiss government was acting within the UK-Swiss air services agreement when it refused to ...
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Hawaiian set to post profit
American Airlines has reprieved Hawaiian Airlines for the fourth time over $6.9 million in payments due on its leased DC10s, as the carrier continues its restructuring efforts after emerging from bankruptcy 14 months ago. The payments Hawaiian owes American represent lease and maintenance charges that accumulated late last ...
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More power to the unions
United Parcel Service faces the prospect of dealing with stronger unions that rival Federal Express, following a ruling that the Kentucky-based express freight company is covered by laws favouring unions. Unless reversed on appeal, UPS will be subject to the general US law that protects union rights to ...
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Two birds, one stone
In a major strategy shift, Indian Airlines will transfer its unprofitable routes into a stand-alone subsidiary, operating a mix of turboprops and jets. But the main aim is to counter its parent's shortage of senior pilots. Airlines Allied Services will operate Indian Airlines' short haul flights, and take ...
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Past keeps AmWest shy
With the resolve of a carrier that has returned to health but the hesitancy of one that only emerged from bankruptcy protection last year, America West Airlines has instituted its first growth programme in four years. Its 29 per cent growth plan over two years is conservative compared to the ...