All news – Page 8017
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TWA new chair
John Cahill, a former chairman of British Aerospace, is to succeed Donald Craib as chairman of TWA. Source: Airline Business
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Sunny prospects
The future of the European charter industry looks bright despite increased threats from liberalisation and low-cost scheduled competition. Paul Holubowicz reports on the sector's considerable strengths.The imminent demise of the European charter sector has been regularly predicted since the 1970s, when 'charter' was often considered to be synonymous with a ...
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Make believe airline
Airline Business editor Richard Whitaker learned from his mistakes when he helped run an airline for four years. But the shareholders were not pleased with the result. 'We saw it coming . . . We took too long to do anything . . . We turned it around ...
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A gift for niches
With its gradual privatisation and firm focus on being a successful niche carrier, Finnair sees only benefits in Finland's entry into the European Union. Sara Guild visits Helsinki. The special gifts that might be expected to come with being the official carrier for Santa Claus since the 1980s have ...
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Overhauling costs
The US carriers are proving slow to react to calls for over-reliance on labour cost cuts to give way to a reengineering of the entire way in which airlines do business. Jane L Levere reports. While cost-cutting is nothing new to the US airline industry, the term 'reengineering' represents a ...
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The ratings trap
Low ratings from the two dominant financial rating agencies - Moody's and Standard & Poor's - have deprived many carriers of access to unsecured debt and increased the cost of other financings. Mead Jennings reports. Pity the poor airline treasurer. Amidst the uncertainty of the volatile airline industry, ...
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Turnup for the books
Cancellations dropped sharply in 1994 and orders look set to recover this year. But the delivery upturn is still two years away and the outlook remains tough for major and regional aircraft manufacturers alike. Mark Odell reports. No-one expected any different in 1994 as aircraft orders remained in the doldrums. ...
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More to gain in Ukraine?
Two-year-old startup Ukraine International Airlines is building on projected annual growth rates of 25 per cent, while its capital Kiev could ultimately challenge the supre-macy of Moscow as an international hub for the CIS states. At the same time the carrier's senior management is talking with potential partners, ...
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Mexican bailout hits mighty buck
There are potent signs that the long reign of the US dollar as the world's main reserve currency may be drawing to a close. As this change starts to take place, reflecting the deep seated changes in the global economic and financial system, the American currency - like sterling for ...
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Isles marshal united forces
The micro-carriers of the North Pacific have decided that group profits are better than individual losses, and are moving to form a joint airline. Led by Air Marshall Islands, the tiny island carriers have set up a working party whose task is to formulate an aircraft share scheme ...
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Bank is no pal
Government-owned Philippine National Bank (PNB) has declared its intention to sell its 7.5 per cent share in the majority holding company of Philippine Airlines. But the bank has been unable to sell its shares, worth nearly $30 million, due to lack of investor interest. Source: Airline Business
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Cuts to Thai fleet go deep
In the face of continuing depressed financial results, Thai Airways International is finally moving to rectify one of its most chronic problems - the varied and operationally costly fleet mix. Within the next five years Thai plans to reduce aircraft types from 15 to five. This is likely ...
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SAS: MD-95 blow
SAS dealt a heavy blow to McDonnell Douglas' plans to launch the MD-95, by opting for the Boeing 737-600. The MD-95 or a mix of Fokker 70s and 100s were thought to be the frontrunners in SAS' fleet renewal plan, especially as the carrier helped to specify the MD-95. SAS ...
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Indian stake in question
The high hopes of ModiLuft's management to pull Lufthansa in as an equity partner appear threatened by a claim from a US consultancy on 40 per cent of the carrier's equity. ModiLuft has made no secret of its desire to have the German major as an equity partner, ...
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China's high flyers
Timing. That is the key word for any interested party wondering when the big three Chinese carriers, China Southern, China Eastern and Air China, will eventually list and sell shares on the New York stock exchange.While the indications are that China Eastern at least will be ready later this year, ...
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The big float
There are doubts over whether the jewel of the Chinese state-owned airlines, Air China, will be allowed to follow flotations at China Southern and China Eastern in two years' time. David Knibb reports. Whether Air China will sell and list shares overseas after China Southern and China Eastern depends ...
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A firmer future
As the industry recovers, aircraft values are hardening and surpluses falling but some types are faring better than others. Clive Medland of SH&E explains why. Predicting the outlook for the commercial aviation industry is somewhat analogous to forecasting the weather. We can accurately predict that there will be winters and ...
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On the attack
Mid-sized airlines face crucial decisions as they focus on which strategies and management tactics to adopt. Sara Guild reports from an Airline Business conference on the future of medium-sized carriers. The greatest profit potential for medium sized carriers lies in a direct attack on the strategic weaknesses of ...
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Airline news
Shuttle by United is adding Portland-San Francisco and Portland-Los Angeles from the beginning of April. Under the new US-Canada bilateral Northwest Airlines will begin services from Minneapolis to Calgary and Regina on 1 May and Saskatoon on 15 May following US government approval. From Detroit the carrier will ...
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Top earners must deliver
As an avid reader of your intelligent, well reported magazine I was surprised with part of the February editorial, Crisis over - but don't let up. There is no doubt that the airline industry must change, and that companies must be more innovative and responsive in future. My main concern ...