News from FlightGlobal – Page 2629
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A fighting chance
Aer Lingus managers have yet to solve the airline's problems on UK regional routes and must complete the restructuring of the rest of the group in order to secure the final payment of state aid. Mark Odell reports from Dublin.When the European Commission gave a derogation to the Irish government ...
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Chinese drop guarantees
Air China has made history as the first Chinese airline to finance most of a new aircraft purchase without a bank guarantee. But the chances that others will soon follow suit have diminished with a recent rating downgrade for non-sovereign Chinese debt. Pressure has been mounting on China's ...
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China cramps Taipei links
Taiwan is struggling to retain or expand regional air links in the face of Beijing's campaign to isolate the island state and force it into direct ties with mainland China. The commercial agreement that serves as a bilateral between Taiwan and Hong Kong was extended for an interim ...
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Airline news
Korean Air has begun operations to Aomori, Japan. The thrice weekly service uses a Fokker 100. Emirates will start flights to Nairobi and Ho Chi Minh City from the end of October. Both destinations will be twice weekly and use A310s. SAS is to resume its ...
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Home sales, closed ranks
The sale of stakes in three of Taiwan's larger domestic airlines in less than a month appears to be linked to Taipei's plan to open international routes to these airlines. EVA Air paid $13 million for 20 per cent of Great China Airlines and $18 million for 32 ...
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What's in a code?
After a year of research, two US government-sponsored studies on codesharing alliances are complete. Mead Jennings says the findings confirm what most airlines have already known for some time: codesharing pays. In the early part of 1994, US transportation officials began to question the precepts of the 'glue' that ...
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Virgin hopes for Oz link
Malaysia Airlines' codeshare link with Virgin Atlantic Airways on the Kangaroo Route hit unexpected turbulance when the Australian government declined to approve it. However, at presstime Virgin officials were hopeful of a positive outcome by mid-May, allowing the codesharing to start by early June. Canberra's refusal to clear ...
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Qantas/BA green light
British Airways and Qantas are set to win approval from Australia's Trade Practices Commission (TPC) for their controversial revenue pooling and price arranging plans for the loss-making Kangaroo Route, though with some tough conditions attached. Approval will be strictly limited to cooperation on flights between Australia and Europe ...
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Cathay HK role threat
The future of Hong Kong's Cathay Pacific looks increasingly uncertain as it attempts to fathom the motives behind a China National Aviation Corporation (CNAC) application for an air operator's certificate in the territory, in a move to set up a Chinese-controlled, Hong Kong-based international airline to compete with Cathay. ...
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Air NZ to take Ansett
News Corporation's Rupert Murdoch has agreed to sell his 50 per cent share in Ansett Australia to Air New Zealand for around A$500 million (US$365 million). But an announcement was delayed as Air NZ and its controlling shareholder Brierley Investments continued tough negotiations with the other Ansett shareholder, TNT, over ...
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JAL: cancel US bilateral
Japan Airlines has fired the opening shot in expected Japan-US aviation talks by calling for cancellation of the existing bilateral so that both sides can start with a clean slate. With talks imminent, JAL is signalling its determination to urge a harder line that is consistent with Tokyo's growing resistance ...
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Western help Uzbek style
Forget airline consultants. Uzbekistan Airways has come up with a novel way of obtaining western expertise: invest in a UK airline. European Airways, which operates a single domestic route, is 40 per cent owned by the CIS carrier. In exchange, managing director David Allen and board members are ...
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Alitalia pilots feel the heat
Alitalia is forcing its intransigent pilots into a corner. The recent move by management to convert lower cost domestic subsidiary Avianova to a regional European operation follows the decision to wet-lease B767s on some transatlantic routes. Both moves mean cheaper labour for Alitalia and less work for its pilots. ...
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Bells ring in the changes
Time will tell whether the three recently announced major alliances are merely marriages of convenience or opportunities for long-term harmony and success. The wedding bells are ringing again. If successful, this month's three major new airline alliances will all change the balance of power in their respective markets. But ...
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EU ponders open skies
The European Commission's draft negotiating mandate, being considered by European Union transport ministers at their 19 June meeting, envisages pursuing a full open skies agreement with the US, higher reciprocal ownership limits, and a raft of safeguards to prevent anti-competitive behaviour. If it is awarded, the EU will ...
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New SA fires flag growth
South Africa's new found international acceptance has forced its flag carrier sub- stantially to upgrade its fleet of long-range, wide-bodied aircraft and go on a billion dollar spending spree to compete with growing competition. South African Airways will spend $1.1 billion acquiring some 10 new wide-bodied aircraft over ...
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Lessors bid to save FSCs
US cross-border tax leases involving foreign sales corporations (FSCs) appear to have been dealt a fatal blow by a recent US Internal Revenue Service ruling that eliminates accelerated depreciation mechanisms. But sources indicate US lessors are still looking at ways around the ruling, despite some estimates of a ...
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Weber wins Nordic prize
For SAS the search is over. But KLM now finds itself without any major European partner and is fast running out of available options. The Scandinavian flag carrier solved its European partner problem by forging close ties - but no equity swap - with Lufthansa. The alliance is ...
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Swissair set to buy way in
Swissair is not often accused of acting in haste. But the manner in which it is has approached buying a 49.5 per cent stake in Sabena smacks of desperation, brought on by its exclusion from the single European aviation market. European Commission approval for the deal appears little ...
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Aloha
Mickey Cohen has been named senior vice-president of operations for Aloha Airlines of Hawaii. He was formerly vice-president of line maintenance for USAir and has also held positions with Pacific Southwest, Dalfort Aviation and Northrop. Randal Okita becomes director for internal audit. Okita, previously with Ikeda & Wong CPA, has ...