All news – Page 8059
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Bid for freedom
Increased private ownership could help Pakistan International Airlines deal with the challenges imposed by new home-grown competition and loosen restrictions imposed by the country's social objectives. Mark Blacklock reports.Pakistan has been plagued in the past by political patronage, with even middle managers in the public sector fearing for their jobs ...
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Higher interest
As the economic recovery moves into full swing this year, business can look forward to steady growth with little risk of inflation. But interest rates will increase and the US dollar may appreciate somewhat. David Walton explains. A year ago the global economic recovery was hesitant and patchy. Today, the ...
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Indifferent start in Latin America
Expectations that 1995 would be a watershed year for South and Central America have been dealt a blow by events in Mexico. Hitherto regarded as the showpiece of Latin America's private enterprise revolution, Mexico and the new government of president Ernesto Zedillio must now face the plummeting peso, while share ...
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Slow progress
Latin America's mainly private airline industry hopes for economic stability. Latin America's airlines can look forward to 1995 with cautious optimism, provided the Mexican financial crisis does not spill over into the region. The economies of many Latin American countries have stabilised, led by Brazil, where the Real Plan has ...
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Making the right moves
Understanding how to adapt their strategies to a rapidly changing 'newgame' environment may be one of the most important lessons for airline managers in the 1990s. Dr John Steffens proposes a suitable framework. It should be a basic premise in any industry that new games require new rules. And the ...
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China feels the pinch
Just when China's airlines are facing a struggle, Bank of China is pressuring them to find at least some unguaranteed finance for 1995 aircraft deliveries. As a result CAAC affiliates, including flag carrier Air China, are testing the market by notifying Hong Kong financiers of their desire to ...
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Battles continue
In North America there will be profits for many, but the weak still need surgery. For North American carriers 1995 will be a battle, either for survival or for profits, and one notable marker will be the performance of Southwest and its clones. Internationally, policy makers in Washington will ...
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Airline news
American Airlines will start a daily nonstop service from Chicago to Birmingham, UK at the end of May. Elsewhere the carrier was set to begin daily services from Los Angeles to San Jose, Costa Rica at the end of January. United Airlines launched four weekly services from Miami ...
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North-South divide
Southern European carriers will struggle as recovery continues in the north. The efforts of the southern European majors in bridging the divide with their resurgent northern counterparts will dominate the aviation calender in the year to come. Any restructuring will be heavily influenced by the attitude of a new-look ...
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Altered images
What is happening with the Southwest wannabees? Both Continental Lite and ValuJet shadow Southwest's style, but neither is a true mirror image. Mead Jennings reports on the differences that have spelled one's success and the other's failure. Two airlines, one concept. Launched at a brief interval from one another, ...
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The year ahead
After the five toughest years this business has ever known, surely 1995 will be the year of recovery. Well, maybe. Certainly this year promises more than any since 1989, but only selected carriers will benefit. The major economies can expect the winning combination of steady growth, stable oil prices and ...
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Playing catch-up
Look for some progress in Africa and more competition in the Middle East. After years in the doldrums, African aviation looks set for an upturn in fortunes in 1995. Political instability and financial hardship will ensure the negatives still outweigh the positives, but any form of progress will provide the ...
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Financial results
Air Liberté returned to profit on strong sales growth, and said it was helped by the stronger dollar. The carrier launched its Orly-Toulouse route in January. Air Malta's 19% profit increase produced a record result, with a 39.9% pre-tax return on shareholders' equity. It launched 13 new scheduled ...
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Sabre points way ahead
We at Sabre Decision Technologies (SDT) certainly appreciate the point that the Making the Sale article (Airline Business, October 1994) makes: that anyone not already in the business of selling services to the aviation market will 'find it very hard - perhaps impossible - to break in' and compete against ...
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Share and share alike?
South Korean and Chinese airlines finally launched the first-ever scheduled flights between their respective capitals in December following agreement on a commercial pact to pool revenues. The insistence by Air China and China Eastern on such a pact had surprised Korean Air Lines and Asiana, which were ready ...
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Washington eyes safety standards
As US airlines assess the damage inflicted by the high-profile debate on safety, concerns are growing that the subject could provoke a political battle of wills, with aviation caught in the middle again. By Mead Jennings. Most US citizens are familiar with the statistics: more than 40,000 people die ...
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Aid us again
The Spanish government has made an official request to the European Commission for permission to inject Pta130 billion ($970 million) into its troubled flag carrier, Iberia. Pay cuts agreed with all its unions will take effect in the February payroll, giving the carrier a financial breathing space. Source: ...
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MAS makes more moves
Malaysia Helicopter Services is continuing its rapid expansion of global aviation interest, but the launch of its latest joint venture may sour relations between Cambodia and Thailand. MHS has taken a 40 per cent stake in Royal Air Cambodge, stepping into the breach left by Singapore Airlines, which ...
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PAL faces home threat
Faltering deregulation in the Philippines will receive a boost this month with the startup of the first serious domestic competition for the country's flag carrier. Grand International Airways (GrandAir), set up by a group of former senior Philippine Airlines officials, will operate two Airbus A300s on a four ...
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Virgin bucks Oz trend
Virgin Atlantic appears intent on bucking the trend on the highly competitive Kangaroo route. As the UK carrier threatens legal action to gain access, the incumbents are reassessing their independent approach on the route. Virgin's threat follows hard on the heels of a cooperation deal with Malaysia Airlines, ...