All news – Page 7880
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Asia yields to price wars
Asia's halcyon days of high yields look set to end in the conflagration of fare wars as the pressure on prices mounts from four directions. Seven months of flat or falling loads are the main culprit. Traffic is still growing at an annual 8 or 9 per cent, ...
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Garuda fears open house
Already hit by falling profitability Garuda Indonesia has been stunned by a government scheme to allow major rivals virtual open entry into its home market. The carrier has 'protested fiercely' at proposals by minister of transport Haryanto Dhanutirto to invite British Airways, KLM and Japan Airlines to apply ...
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AirAsia back for seconds
Proposed Malaysian startup AirAsia is back - well almost. Owners Hicom and the Mofaz group are launching an airport ground services company to cement their role in aviation, while the government continues to consider the application for an operating licence. AirAsia was to have become Malaysia's second national ...
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Avia out for the discount
A lack of yield management lies at the heart of the failure of the Johannesburg-based international startup Avia Airlines, which entered 'provisional liquidation' after only three months of operations. Gert De Klerk, Avia's sole shareholder, blames the demise on heavy discounting of up to 15 per cent on ...
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Twin trouble for Cathay?
Cathay Pacific doesn't know whether to laugh or cry. On the one hand, it has avoided sharing its Hong Kong-Taiwan route with a Chinese-backed aspiring new entrant, China National Aviation Corporation, but it must still contend with two new entrants on the lucrative route. The thorny issue of ...
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Pal threats
Fledgling Philippine operator GrandAir wants to launch regional services in direct competition with flag carrier Philippine Airlines. GrandAir, which operates two A300s domestically, has applied to serve 11 Asian countries, including China, Japan, South Korea, Thailand and Hong Kong. Source: Airline Business
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Alitalia seeks foreign cash
Alitalia's management is forging ahead with its restructuring programme, as it prepares for the recapitalisation of the company in October. The carrier seeks an injection of up to L2,000 trillion ($1.3 billion), and its share price has been outperforming the Italian market average by 20 per cent as ...
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Profits hit USAir cuts ...
USAir's short period of optimism, with its labour problems near resolution, its competitors at bay and its second quarter profit up 717 per cent, was only illusory. The carrier returned to square one in its labour talks in July, Southwest is preparing to enter the Florida market, long ...
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LOT to think about AMR
LOT Polish Airlines has a lot to think about. The most pressing issues are doubts over its cooperation with AMR Corp, its proposed codeshare with American Airlines and the refinancing of its recent fleet acquisition. AMR Corp's ground services management contract with LOT is up for a two ...
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. . as labour resists in US
US labour unions are resisting as record profits for many carriers have weakened carriers' arguments for new concessions, while other tangential issues are also playing a part. At USAir, record second quarter results are seen as the primary reason for the collapse of concession-for-equity talks (see opposite). And ...
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Oz champers stays on ice
The champagne bubbles were just settling after the successful conclusion of the Qantas privatisation when a handful of brushfires began throwing out sparks, potentially damaging projections of profitability. First, freight handlers walked off the job over a range of issues, including manning levels at Sydney Airport. They were ...
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Are airlines really on the rebound?
It all looks blissful, but this year's profits rebound could be a nine-day wonderOh, joy. After five years in the doldrums, there is a steady breeze of success and optimism blowing through the airline industry. But is the recovery going to be a permanent feature, or will it be yet ...
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Air India has capital plans
In a bid to reverse its declining market share Air India is embarking on an ambitious fleet renewal and expansion plan which would double the number of aircraft to 54 by the year 2002. With the state coffers shut tight, the Indian flag carrier is planning a further expansion of ...
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Pacific links spur on talks
In an attempt to flout the stalled US-Japan aviation relationship, airlines from the two countries are forming partnerships that could make alliance-building the issue that forces bilateral liberalisation. It is Delta Air Lines' proposed codesharing alliance with All Nippon Airlines, announced at the start of August, that is ...
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Delta plans another rejig
Delta Air Lines is to restructure its network by leaving five international markets, diminishing its Dallas-Fort Worth hub further, building up the importance of Cincinnati, and transferring more routes to regional airlines. The realignment is part of a continuing effort to maximise the profitable elements of Delta's network ...
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Open Caribbean
Caricom, the grouping of 12 Caribbean nations, is expected to finalise an open skies agreement by September. The original plan was agreed to at the end of June, but was delayed by problems over Montserrat's status as a UK colony. The agreement, which excludes Jamaica, affects carriers in the eastern ...
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EC to act on Nordic link
The European Commission has set out the conditions it will impose before approving the proposed alliance of Lufthansa and SAS, while Transwede and Finnair are putting on a brave face about the prospect of a northern European giant operating in their backyard. The Commission has notified Lufthansa and ...
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. . as Sabena deal gets OK
The European Commission's conditions imposed in clearing Swissair's 49.5 per cent stake in Sabena may yet boost Belgium's private carriers but other European airlines seem less inclined to challenge the incumbents. The deal, cleared in late July, will see Swissair pay BFr6 billion ($212 million) for slightly under ...
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Pemco
Gen Thomas Richards (US Air Force, retired) has been elected to the board of maintenance and modifying company Precision Standard in Birmingham, Alabama. He replaces Adm Wesley McDonald who retired in May. Richards is also an international aviation and defence consultant and holds corporate directorships. John Zubeckis becomes president and ...
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Reflectone
Reflectone of Tampa, Florida, has appointed two new directors, Syd Gillibrand and David Fish, who will serve on the board until May 1996 as British Aerospace designated representatives. Fish is the finance director of the Systems and Services Division of BAe. Gillibrand is an advisor to BAe and was until ...