Programmes – Page 1301
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News
VASP acquires Bolivia's LAB
BRAZILIAN AIRLINE VASP has taken control of Lloyd Aero Boliviano (LAB), following the Bolivian flag carrier's privatisation. VASP has taken a 49% stake in the airline, which gives effective control under the terms of the privatisation programme. The share is valued at $48 million, although the bulk of ...
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Boeing seizes two MarkAir 737s
MARKAIR, the financially troubled scheduled airline based at Denver International Airport (DIA), has gone out of business following repossession of two of its four aircraft by Boeing. It had been operating under bankruptcy court protection since April and now plans to liquidate. MarkAir flew to several US cities, ...
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China Hongkong may fly domestic as well
Paul Lewis/SINGAPORE CHINA NATIONAL Aviation's (CNAC) planned start-up carrier China Hongkong Airlines is considering operating domestic services within China as well as flights to Hong Kong. The company is moving quickly to begin operations as soon as it is granted a Hong Kong Air Operator's Certificate. ...
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US airlines break records
Kevin O'Toole/LONDON NET PROFITS for the major US airlines topped $1 billion in the third quarter after a clutch of record-breaking performances. Although passenger and capacity figures remained virtually unchanged, yields rose by 5.5% across the industry, with none of the carriers posting a decline. ...
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Saudis finally sign for 61 airliners
SAUDI ARABIA has signed a $6 billion deal to buy 61 US-built airliners on 26 October, but details of financing have yet to be revealed. The order, to re-equip state-owned Saudi Arabian Airlines, consists of 23 Boeing 777-200s and five 747-400s, worth around $4 billion, plus 29 McDonnell Douglas (MDC) ...
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Boeing admits strike is biting
BOEING CHAIRMAN Frank Shrontz has warned that the group's profitability, already hit by heavy restructuring charges and depressed airliner-sales, will be damaged further as the machinists' strike drags into its fourth week. He admits that the group now faces a "substantial" number of delivery delays over the remainder ...
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Profit share: a stroke of genius
Singapore Airlines' chairman J Y Pillay has absolutely no doubt that in an unforgiving airline industry, survival rests on the continuing struggle to improve productivity and keep ahead of costs. And there can be little doubt that Pillay's message is getting through at an airline which consistently turns in some ...
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Growth spurs on drive for cuts
Air Canada, in the midst of a significant growth phase, is attempting to counteract the costs of expansion with employee productivity gains and new technology. Air Canada expects to double its transborder service to the US within the next three years and in recent months has added new flights ...
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China cuts its numbers
Beijing has formally declared its intent to consolidate China's airlines after two years moving in that direction. The number is set to shrink by 40 per cent, but more carriers are likely to receive international designation as well. Li Zhao, deputy director of the Civil Aviation Administrat- ion ...
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More than a fleeting gain?
At Malev Hungarian Airlines, a major improvement in efficiency is one of the main outcomes of a modernisation programme that started back in 1991 but only really started to take root last year. Indeed, commercial director Ferenc Turi says the restructuring has really only just begun in earnest. 'We are ...
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Moving targets
Singapore Airlines' chairman J Y Pillay calls it 'The genius of the organisation at work.' Productivity has become a mantra in an airline industry which is desperate to find ways of improving its long term financial performance. All airline managers are putting in a great deal of effort to improve ...
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Twice bitten
After its second exit from Chapter 11, TWA is attempting to reinvent itself, from new livery to balance sheet. Mead Jennings talks with CEO Jeffrey Erickson. If Trans World Airlines Inc could receive one dollar for each time its death has been predicted in the past nine years, it probably ...
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Garuda puts on brave face
Indonesian flag carrier Garuda is seeking more codeshare partners after trimming dozens of flights and dropping several destinations from its global network amid speculation of mounting financial problems. The carrier has cut four European cities - Berlin, Munich, Vienna and Madrid - from its winter schedule and cut ...
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US boost as Ozberg nears
Cathay Pacific has launched an immediate review of its North American expansion strategy after the signing of a landmark air service agreement with the US. The breakthrough comes as welcome relief to Hong Kong negotiators embroiled in a bitter bilateral dispute with Australia. The US deal was forged ...
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UK secures Airbus alone
The UK's Export Credit Guarantee Department has completed its first aircraft securitisation, but without the involvement of its German and French counterparts, Hermes and Coface. ECGD says its partners 'did not want to come with us on this' and that its government approval was hard won. 'We have ...
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Two birds, one stone
In a major strategy shift, Indian Airlines will transfer its unprofitable routes into a stand-alone subsidiary, operating a mix of turboprops and jets. But the main aim is to counter its parent's shortage of senior pilots. Airlines Allied Services will operate Indian Airlines' short haul flights, and take ...
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Past keeps AmWest shy
With the resolve of a carrier that has returned to health but the hesitancy of one that only emerged from bankruptcy protection last year, America West Airlines has instituted its first growth programme in four years. Its 29 per cent growth plan over two years is conservative compared to the ...
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Bonn eyes open skies
US and German transport officials are planning a round of December talks that could lead to open skies between the two countries by early 1996. However, what has become a strong link between open skies and antitrust immunity - sought by the United-Lufthansa alliance - could be a stumbling block ...
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International tactics
Taiwan's international carriers are engaged in a bitter battle for market share. Paul Lewis/TAIPEI COMPETITION IS heating up between Taiwan's two established international players, flag carrier China Airlines (CAL) and four-year-old Eva Airways. Ambitious fleet-expansion plans, the opening up of profitable trunk routes to Hong Kong and ...
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Indecision rules in Asia
China and South Korea must overcome major stumbling blocks if they are to realise their ambition of building a 100-seat aircraft. Paul Lewis/BEIJING TIME IS RUNNING out for two of Asia's aspiring aviation nations. One year after announcing ambitious plans to share the building of ...