All air transport news – Page 2289
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As easy as AB
AB Airlines raised $14.7 million in the flotation of 35.6 per cent of its shares on the London Stock Exchange at the end of April. Cash will be used to fund aircraft orders, including six Boeing 737-700s, plus four on option, and for route development. Source: Airline Business
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American to bed US rival
Karen Walker Caution is the key word in the American Airlines and US Airways alliance proposal, but some wonder whether early tiptoeing might lead to a full merger further down the road. The two airlines describe their marketing alliance as 'broad and innovative', but provide few other details. By ...
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Boeing feels the pressure
Karen Walker With Boeing's troubles piling up, Airbus threats to become market share leader are no longer the war cries of the underdog. This year, Airbus is likely to take at least 50 per cent of the world market. As Boeing announces another depressing set of results - first ...
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East joins west skies
Peter Bennett The European Commission is set to begin talks with 10 nations from central and eastern Europe in a bid to conclude a comprehensive air transport agreement with the region. The agreement is likely to include cabotage rights for east European airlines, airline ownership rights and a full ...
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Taca lays into US open skies deals
Karen Walker Pop! That's the sound of Central American carriers reacting to the open skies agreements they were applauding just a few months ago, but which they now regard as black clouds that have opened the floodgates to US competition and left local airlines with little shelter. The bubble ...
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Will sun rise in Japan?
David Knibb After a bad year for all three major Japanese airlines, the debate is now whether their woes are temporary or due to deeper, more fundamental problems. Japan Airlines claims to have resolved its problems and cleaned up its balance sheet by taking a US$1.2 billion write down. ...
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Korean sees hope ahead
David Mann Despite gloomy economic conditions in Korea, Korean Air remains bullish about its prospects. The airline aims to increase its operating revenue to US$3.5 billion this year, up from US$3 billion in 1997. And its optimism does not appear entirely misplaced. Salomon Smith Barney's Peter Negline agrees that ...
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Korea opens up its skies
David Knibb Both Koreas have taken strides towards liberalisation as South Korea agrees to an open skies bilateral with the US and North Korea allows regular commercial overflights. The South Korea-US bilateral was sealed in late April, after three rounds of tough negotiations in which Seoul successfully held out ...
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Peru opens skies first
Peru has leapfrogged past Chile in its open skies negotiations and agreed to a deal that phases in liberalisation over four years. The open skies agreement was initialled on 9 May but not made public by presstime. The deal follows the pattern of recent treaties signed with Japan and ...
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Ryanair passes go in Europe
Tom Gill With soaring profits, share price and traffic, Europe's largest and longest established low-cost airline may yet achieve its ambition to be the Southwest of Europe. But as it strives to continue its profitable growth path Ryanair can expect to cross swords with the new British Airways ...
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SAA moves key players
Roger Makings Transnet's board of directors decided to oust Zukile Nomvete from his position as executive director of South African Airways on 8 May, following the airline's dismal performance during his two-year stewardship. Sources within SAA predict that Mafika Mkwanazi, deputy managing director of SAA's parent company, Transnet, will ...
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SAA will be sold on
Roger Makings The partial privatisation of South African Airways will go ahead as planned, despite a series of setbacks which threaten to delay the deal. The Minister of Public Enterprises Stella Sigcau under whose department SAA falls, says that although the first deadline has been missed, the 31 October ...
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Time to climb?
Karen Walker From the bottom of the pile, life offers a different perspective. While most US airlines have returned to profitability in the 1990s, the financial haemorrhage at Trans World Airlines has continued. So management was encouraged to note, after announcing 1998's first quarter results, that the words 'beleaguered' ...
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Uganda eyes foreign cash
Tom Gill Uganda Airlines is set to go private, with the sale of a controlling stake slated for mid-year. Six airlines have expressed interest in a yet to be determined majority stake in wholly government-owned Uganda Airlines, according to Michael Opagi, director of the Ugandan government's privatisation unit. The ...
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Caught in the loop
Lois Jones There's no denying it - from movies to massacres, from hamburgers to heart disease cures, from diets to democracy, the United States leads the way while the rest of the world is inclined to follow. So what happens now that this 'Land of the free' has suddenly ...
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Airline News
EVA Air is due to launch three times weekly flights from Kaohsiung to Ho Chi Minh City and Los Angeles from 11 June. In addition, the Taiwanese carrier is due to start three times weekly flights between Paris and Taipei via Dubai and three times weekly flights between Vienna and ...
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Cargo L-610
Czech manufacturer Let, soon to be acquired by Ayres of the USA, has begun design work on a cargo version of the L-610G regional turboprop. Ayres sees a market for the aircraft in Europe as an express-package feeder, with FedEx a target customer. Ayres says the 40-seat L-610G will be ...
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Boeing breaks 4,000 sales mark for 737s
Sales of the Boeing 737 have passed through the 4,000 mark as a result of top-up deals from various Next Generation 737 customers. American Airlines has concluded a deal for 25 more 737-800s, bringing its total 737 orders to 100. The newly ordered aircraft will arrive between January 2000 ...
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Air One and Swissair move closer to alliance
Marco Messalla/ROME Swissair and Italian independent Air One expect to finalise details of a strategic alliance by the end of May in a move which is expected to see the Swiss flag carrier take a share in the airline. The Italian carrier was created in 1995 in a ...
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China re-jig delays TrunkLiner and throws AE31X into limbo
Paul Lewis/BEIJING Max Kingsley-Jones/TOULOUSE The pending major shake-up of China's state-run aerospace industry is set to again delay the Boeing MD-90 TrunkLiner programme and prolong discussions with Airbus Industrie Asia on co-development of the AE31X regional jet. The new Chinese Government of premier Zhu Rongji has ordered a ...