All news – Page 7997
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Heated competition
Privatisation seems to have finally taken hold among airlines in the Caribbean. The resulting US-style management and new competition could spell permanent change for the region. By Mead Jennings.During last February's inaugural celebration for Barbados-based Carib Express, a 90 per cent privately owned regional airline, those in attendance heard the ...
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Singular battle over EU currency
At the core of the heated debate in Europe about the future of the European Union lies the concept of the single currency. While the politicians battle it out as to whether a common currency across the EU would be a political act with a loss of sovereignty, the technical ...
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Coming of age
This worldwide survey of regional airlines, the first of its type, paints a picture of an industry segment that has come of age. The tables reveal a business which carried over 100 million passengers last year, generated nearly $8 billion in revenue, and turned in a net profit of nearly ...
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Psyched up
Austrian Airlines is bouncing back after three years without profit. Carrier president Herbert Bammer says alliances and open skies with the US could lead to a turnaround. Mead Jennings reports. A small airline from a small country: Austrian Airlines has two of the essential ingredients for an inferiority complex, ...
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FedEx faces China crisis
FedEx may have thought it was simply buying Evergreen International's all-cargo route authority to China. In fact, it bought a ringside seat to an aviation row between Beijing and Washington, which had, at presstime, left the carrier unable to operate any China services. Evergreen was the only US ...
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Cathay no to stake threat
Faced with the challenge of surviving Hong Kong's sovereignty transfer, UK-controlled Swire Pacific has again had to declare its long-term commitment to Cathay Pacific and post-1997 Hong Kong. In the past, sceptics predicted Swire would bail out as the Union Jack came down, but the response became mantra-like ...
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Airline news
American Airlines will start New York/JFK-Buenos Aires services from October three times a week with a B767-300ER. Frequencies are set to rise to six a week by end 1996. Continental Airlines is to launch a daily service from New York/Newark to Manchester, UK from 15 July using a ...
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Facing up to new frontiers
As described in Pricing it Right in the February issue of Airline Business, O&D yield management is the current frontier in airline marketing planning. In addition to the direct revenue benefits to be gained by controlling the mix of passenger itineraries flowing over an airline's route network, the ...
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Fuel tax debate is primed to heat up
In a time of US budget cutting, when small government endowments say, support for non-commercial public broadcasting, and big federal agencies, like the Department of Transportation are all facing funding recisions, the idea of subsidising the airline industry through tax exemptions of close to $530 million seems absurd. That ...
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Air China will go to market
Despite speculation to the contrary, Air China president Yin Wenlong insists the carrier will list on the New York stock exchange and is already being urged to do so by several major international financial institutions. He also says a Hong Kong-based finance house - Yin refuses to identify ...
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US FEAT fetish
US investment and finance group American International Group has teamed up with several Taiwanese conglomerates, led by China Development Corp, to take a 56.1 per cent stake in Far East Air Transportation Corp for $291 million. FEAT is the country's largest domestic carrier with around 40 per cent of the ...
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Meeting market needs is essential
Airlines are turning their organisations upside down - creating new problemsIn examining the airline business, many company strategists are working overtime these days. Following the disastrous start to the 1990s, most airlines are going through the most intensive period of soul-searching ever. They are asking questions like: What is our ...
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Coveting the other's home
British Airways and Lufthansa are increasing penetration of each other's home markets through airlines they have minority stakes in - the UK major with Deutsche BA and its German rival through Business Air. But the strategies are markedly different. At Deutsche BA, BA managing director Robert Ayling is ...
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GAO allies to profit motive
It may come as no surprise that the long-awaited study by the US General Accounting Office has concluded that codesharing alliances can be lucrative. But what is surprising is the degree to which these partnerships profit, and the speed with which the agreements produce results. The GAO study, ...
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Oz in battle on HK
Australian air service negotiators are under mounting pressure as they grapple with a potential crisis in bilateral relations with Hong Kong and the prospect of a major equity link between Ansett and Air New Zealand, which could put the status of a range of bilateral agreements in doubt. ...
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Indian scene starts to slip
The long-awaited clear out in the overcrowded Indian domestic market appears close at hand, with the owners of at least one private operator considering pulling out of the business. As the private domestic operators report declining load factors and plunging profits, the owner of Damania Airways is seriously ...
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Virgin's eggs in US basket
The full focus of the Virgin Atlantic-British Airways battle switches to the US following an out-of-court settlement of the UK legal case. Virgin accepted British Airways' offer to settle the case in early March with both sides picking up each other's legal costs. Unusual enough, but even stranger ...
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Talks labour on rocky trail
Negotiations between labour and management continue unabated at USAir, whose pilots in late March agreed in principle to a concessions-for-equity deal. Meanwhile, Canadian Airlines International is following the lead of its US counterpart by threatening unions with a corporate downsizing if concessions are not obtained. USAir negotiators finally ...
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Zamex zeal to grip Africa
The launch of the Zambian carrier Zamex could prove the first step to wider implementation of the Yamoussoukro Declaration, backed by South African expertise. The carrier, which started domestic and regional operations on 3 April, is a joint venture between South African domestic airline SA Express, with 49 ...
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Viva left to charter life
Labour demands appear to have pushed Iberia to strip its low-cost subsidiary, Viva, of its scheduled routes, leaving it to battle for a share of a charter market dominated by foreign carriers. The Spanish flag carrier has already taken back the Africa and Middle East routes from Viva ...