All Networks articles – Page 1238
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News
Pan Am suspends airline operation
Pan American World Airways filed for Chapter 11 bankruptcy protection on 26 February and "temporarily" ceased operations while the parent company seeks debtor-in-possession financing. The company is in default on aircraft lease payments of around $4 million and failed to make a $3.3 million security payment to Airline Reporting, which ...
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BA allies with Finnair
British Airways agreed an alliance deal with Finnair on 27 February which will initially see codesharing between London, Helsinki and Swedish capital Stockholm. Deutsche BA and the Finnish airline will also codeshare. The deal came at the end of a busy week for the UK carrier, which started with ...
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Asian crisis hits airline profits
Andrew Chuter/LONDON Economic turbulence in the Asia-Pacific region will wipe an estimated $2 billion off airline profits this year, according to figures from the International Air Transport Association (IATA). The losses estimates have been released as part of a revision of the region's traffic growth forecasts to 2001 ...
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AirTran aims for 'fresh start' after making heavy losses
US low fare airline AirTran says that it is "positioned for a turn-around", despite posting heavy losses for last year. The former ValuJet has reported a net loss for 1997 of $96.7 million, more than double its 1996 loss, on operating revenues that fell slightly, to $211.5 million. One-time ...
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Lufthansa cargo loads profits
Andrzej Jeziorski/MUNICH Lufthansa Cargo has revealed a "turnaround after two difficult years" in 1997, but warns that the air freight market remains uncertain. Profits for 1997 are expected to exceed DM100 million ($61.7 million) while yields in the fourth quarter showed a 10% improvement on the previous year. ...
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AIA 98 FINALIST:Alenia Difesa and Swedavia (Infrastructure)
The FarAway project, co-ordinated by Italy's Alenia Difesa, represents another step in the development of the future air traffic management concepts that Europe will have to adopt if growth is to continue in its overcrowded airspace. The project, financed by the European Commission, aims to validate the benefits of ...
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AIA 98 WINNER:Airport Authority Hong Kong (Infrastructure)
First landing at Chep Lap Kok Airport Hong Kong's new international airport at Chek Lap Kok passed a major milestone on 20 February, 1997 when the first aircraft touched down. Admittedly, the flight was only a short hop by a Raytheon Beech Super King Air from Hong Kong's existing ...
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AIA 98 WINNER:AMECO-Beijing (Maintenance & Modification)
AMECO-Beijing took its first important steps into the international market for heavy aircraft maintenance in 1997, showing how far the Chinese joint venture has come over the past eight years. AMECO was set up at Beijing's Capital Airport in 1989 as a joint venture between Air China and Lufthansa, ...
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Asians sign up for Trent work
A memorandum of understanding for a proposed joint venture to undertake Trent engine overhaul and maintenance in Asia- Pacific has been signed by Rolls-Royce, Singapore Airlines Engineering (SIAEC) and Hong Kong Aero Engines Services (HAESL). HAESL, a joint venture between R-R and Hong Kong Aircraft Engineering, is the only ...
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Embraer chief confirms plan for international flotation
Embraer president Mauricio Botelho has confirmed that the company is on course for a share flotation on international markets later this year, raising cash for new product development, but also underlining the Brazilian manufacturer's ambitions to increase its world presence. Botelho, speaking at the show, said that it is ...
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Eastern premise
The abiding lesson from the recent Singapore air show is not the magnitude or nature of the present economic unrest in the Asia-Pacific region, but the vulnerability of the aerospace community in the region to such a crisis. Much as time and effort needs to be expended in countering the ...
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FAA seeks further FANS funding
The US Federal Aviation Administration is seeking Congressional approval to divert more than $100 million in 1998 funding towards future air navigation system (FANS) modernisation of US air traffic control centres (ATCCs), following complaints that it was not moving fast enough. Funding is needed to upgrade 20 US continental ...
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Range, range...range
Guy Norris/LOS ANGELES Confused over Boeing's plans for future 747 derivatives? Take heart. For two years since the cancellation of the ambitious 747-500X/600X development, Boeing appears to have been as perplexed as anybody. Devising a strategy for product development is, at best, an inexact science. Boeing knows this ...
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Business Express leads 30-seater orders
Business Express has become the first US regional carrier to declare its hand for a 30-seat regional jet, signing an order for 20 Embraer RJ-135s, and 40 options, in a total package worth around $810 million. The first aircraft are scheduled for delivery in October 1999 and will follow ...
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AB float time
AB Airlines is to float 30-40 per cent of its share capital on the London Stock Exchange during April/May to finance new aircraft purchases and route expansion. The carrier flies from London/Gatwick to Shannon, Lisbon and Berlin. Source: Airline Business
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1997 at a glance
January Boeing and McDonnell Douglas announce plans for a $13.3 billion merger. Norwegian travel agents threaten to sue SAS over plans to reduce commissions. Delta Air Lines winds down its Frankfurt hub, ending its intra-European services. Swissair, Austrian, Sabena and Delta establish a revenue pool on the North Atlantic. A ...
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Airline News
Japan Airlines is scheduled to introduce a three times weekly service from Nagoya to Los Angeles, a twice weekly service between Nagoya and London/Heathrow and a weekly Hiroshima to Honolulu service, as well as a daily Fukushima to Sapporo operation this April. United Airlines is due to introduce a ...
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The smart airlines take credit cards
Three US airlines have formed partnerships with American Express and Bank of Hawaii to expand their use of electronic systems, streamline their operations and broaden distribution. Pioneering in these efforts is travel industry giant American Express, which has partnered both American Airlines and Continental Airlines. Since late 1996, American has ...
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Alitalia stops cheap stunt
Alitalia deftly dropped all promotional fares within Europe in February to avoid the European Commission re-considering approval of its state aid. Alitalia had come under fire from domestic airlines Alpi Eagles and Air One, which claimed the Italian flag carrier was 'price leading' on key routes, violating conditions attached ...
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WestPac to pack it all in
Denver-based Western Pacific has joined the long list of US low cost carriers to bite the dust. The airline has been unable to buy the time needed to turn around since limping into Chapter 11 bankruptcy last year. The US industry has been anticipating Western Pacific's demise for some ...