All news – Page 7930
-
News
Routing for growth
Airlines have added and abandoned new routes at a substantial rate in the past two years, but US carriers and those based in more liberal markets dominated the picture. Report by Reed Travel Group Market Analysis and Airline Business. Market expansion is one of the most pertinent ways to ...
-
News
Pyramids in the sky
Egyptair has seen off domestic competition and traffic is returning after a couple of years of decline. Chairman Mohammed Rayan talks to Sara Guild about his lofty plans for the carrier's future. There appears to be a discrepancy between the plans and ideas of Egyptair's chief executive and those of ...
-
News
Airline news
All Nippon Airways will begin routes from Osaka/Kansai to Shanghai, Bangkok and Kuala Lumpur in mid-July. The routes are subject to approval by Japan's Ministry of Transport. Philippine Airlines has begun a three time a week service from Manila to San Francisco using B747-400s. SilkAir and ...
-
News
Financial results
Air Canada cut its operating loss from C$12m to C$7m. Passengers and yields both rose 6%. There were C$40m of non-operating gains in 1994. Operating income trebled to US$162.2m, moving ANA into the black. Boosted by the Kobe earthquake and the strong yen, traffic rose 6.1%. ...
-
News
Boom conditions shift to slowdown
It was only 12 short months ago that the global financial markets were gripped by fear of overheating and inflation. Robust economic growth, particularly in the United States where output soared to 4.7 per cent in 1994, sent the yields on government bonds round the world sharply higher and the ...
-
News
Crisis looms in Thailand
Thailand faces the renewed prospect of its airline industry falling prey to political vested interests in the wake of the dissolution of the Thai government on 19 May and the elections set for 2 July. The dissolution has meant the departure of both the transport and finance ministers, ...
-
News
SAA boosted by Lufthansa
The cooperation agreement between South African Airways and Lufthansa is a major boost for the African carrier, while the pact nearly completes the German flag's global net of alliances. SAA has sought a European partner for more than two years and senior general manager John Hare says few ...
-
News
Taiwan takes direct route
Conceding the inevitable, Taiwan has taken the first fateful steps that could lead to direct air links to China within two years. But Beijing's willingness to facilitate such flights will depend on whether CAAC pragmatists prevail over policy ideologues who hope to capitalise on Taipei's recognition that direct links are ...
-
News
Sino thaw is set to grip
Chinese aviation appears to be experiencing a thaw as two recent events show that both outsiders and the CAAC have growing confidence in China's airlines. China's transition from bank-guaranteed to asset-based financing received a boost with the recent decision of an operating lessor to commit aircraft to a ...
-
News
KLM cagey over Garuda
Indonesia and the Philippines are heading in opposite directions on state ownership of flag carriers, but neither is making progress. Jakarta cannot find a buyer for Garuda Indonesia and Manila is still waiting for a ruling as to whether it can reassert control over Philippine Airlines. On-again off-again ...
-
News
Japan urges Asian forum
Japanese officials in Asia-Pacific have completed a diplomatic offensive to win support for a major regional aviation forum that Japan hopes will lead to tighter government cooperation on air transport policies. The initiative is emerging as the first serious attempt to bring together high level government officials capable ...
-
News
Phone-in plan riles agents
Japan's travel agents are up in arms over a new ticketing drive by the country's major airlines which allows domestic travellers to bypass agents by ordering airline tickets directly over the telephone and paying by credit card. Initiated by the country's biggest carrier All Nippon Airways in April, ...
-
News
Major job cuts
Boeing, Fokker and Embraer have been trimming staff in a bid to cut costs back and stay competitive. Boeing announced 5,000 more employees will go in addition to the 7,000 job losses already announced. Fokker is to cut staff by 945, of which 490 will be forced lay-offs, by year ...
-
News
American's fire met with blanks
Frank Salizzoni, president of USAir, says he has known Robert Crandall a long time. He believes that the chief executive of AMR Corp can be a genuinely nice person. That is, 'if you agree with him'. In a bid to find a whole region of the world to agree with ...
-
News
Qantas all set to float
With its long awaited A$2 billion (US$1.4 billion) public flotation now in sight, Qantas has taken steps to reassure prospective local investors that privatisation is not a step on the way to integration with 25 per cent stockholder British Airways, and that the company remains committed to European markets. ...
-
News
Ansett carry on regardless
Ignoring recent losses and the imminent purchase of 50 per cent of its stock by Air New Zealand, Ansett Australia has decided to push ahead with plans to expand its embryonic international operations in Asia. Managing director Graeme McMahon says a third Boeing 747-300 will be leased for ...
-
News
Capital plans out of Africa
Two African airlines are moving closer to privatisation, as Kenya Airways seeks an airline investor and Air Tanzania awaits the government's plan for its intended sell-off. International Finance Corporation, the World Bank body advising the Kenyan government, has written to all Iata members requesting expressions of interest in ...
-
News
Northern Thai-up
SAS and Thai have beefed up their alliance to include codesharing on flights between Scandinavia and Thailand, cooperation on ground services, and joint marketing of Thailand as a tourist destination for Scandinavian travellers. SAS' most recent partner, Lufthansa, has a codesharing alliance with Thai. Source: Airline Business
-
News
New wave hits Mexico
The reversal in Mexican economic fortunes, dragged down by the slump of the peso, is at least restoring some equilibrium in the airline industry. But the economic crisis could yet precipitate a reversal in policy, with the government pushing to re-regulate pricing and infusing both Aeromexico and Mexicana with new ...
-
News
Latin sales close to end
The opening of the bidding for Bolivia's LAB and what remains of Ecuatoriana should bring to a close the troubled airline privatisation process in Latin America. Consolidation could be the emerging trend, as evidenced by events in Chile and Peru. Advisers for both LAB and Ecuatoriana are placing ...