All air transport news – Page 2427
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Appointments
Mike Street, British Airways' director of operations, has assumed the responsibilities of chief operating officer Alistair Cumming, who retires in June. Charles Gurassa, current director of passenger business, becomes director of passenger and cargo business. Colin Matthews has been appointed managing director of British Airways Engineering. Henry Fan, ...
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Ryanair shares
Low-cost Irish independent Ryanair is considering a share offering which would value the company at up to US$170 million. The carrier has purchased six former Lufthansa Boeing 737-300s and is preparing to expand its operations with flights to continental European destinations from London/Stansted. Source: ...
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City rescue
Malmo Aviation will take a 43 per cent stake in CityJet if the courts approve the Irish regional's US$6.6 million rescue plan. Malmo has also begun codesharing with Air UK. CityJet, which flies five BAe 146s, has withdrawn from the Dublin-Brussels route, but plans to increase Dublin-London City frequencies to ...
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Credits roll on the Douglas era
One of the most pressing concerns for airlines should the merger between Boeing and McDonnell Douglas go ahead centres on whether the current Douglas product lines will remain intact and, by implication, what will happen to the residual values of Douglas aircraft they own. No-one knows for sure ...
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Delta dumps Frankfurt hub
By insisting his airline will remain the number one transatlantic carrier and the leading US carrier in Germany, Delta Air Lines' chairman Ron Allen is trying to put a positive spin on the winding down of the Frankfurt hub. The decision, which is expected to boost operating profits ...
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Aircraft News
Atlantic Southeast Airlines has ordered 30 Canadair Regional Jets, taking options on a further 60, with deliveries starting in August 1997. In addition Lufthansa CityLine has placed orders for three Regional Jets plus three options, with deliveries scheduled for March 1997 and January and February 1998. Condor has ...
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Free for all over the mega-alliance
What a mess. The lobbying machines pushing for and against the proposed American Airlines-British Airways alliance have moved from overdrive into hyperdrive. Thousands of trees have been felled to produce the paper required for submissions, opinions, complaints and press releases. Shares in Panasonic jumped through the roof as regulatory agencies ...
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Financial results
Air Macau's operating loss during its first full year was about half of the original forecast. The airline carried 665,000 passengers at an average load factor of 68%. Air Pacific increased its profits during its first full year of flying to Los Angeles and Osaka, although the French ...
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Gulf Air split put on hold
Gulf Air's future remains in doubt as Abu Dhabi still looks set to succeed in its bid to take control of the carrier. The bid by the oil-rich Emirate was put on hold following new objections from Qatar and Oman. Concerned about their ability to grow their own ...
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BA-AA: a hell of a furore
The European Commission's latest drive to secure external competence in aviation matters is little short of a public relations disaster. But then the way most parties have acted during the response period to the UK's Office of Fair Trading report on the proposed British Airways-American Airlines alliance reeks of bad ...
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BA tightens Euro screws
British Airways will intensify its efforts to turn around its unprofitable operations in France and Germany after the acquisition of Air Liberté and the relaunch of Deutsche BA. Air Liberté's fate rests in BA's hands after the commercial tribunal in Creteil finally approved BA's recovery plan, filed in ...
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Atlantic trio boost links
Swissair, Austrian Airlines and Sabena have enhanced their integration with a joint order for up to 29 Airbus A330s and the launch in February of a joint North Atlantic operation with Delta Air Lines. Officially, the A330 order follows a joint evaluation, but in practice Sabena has closed ...
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Sea change
A change of government has resulted in a new chief executive for Air Malta, as well as a narrower focus. The airline's investment in Italian startup carrier Azzurra Air is now being questioned. Ian Verchere reports from Malta. Malta's unexpected shift to the Left at the national elections in November ...
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No unity over Rio Grande
Mexicana and Aéromexico have each entered or expanded separate alliances with US airlines, signalling that they plan to continue competing against each other across the US-Mexico border. These pacts revive questions about the carriers' commitment to their joint Alas de America alliance with AeroPeru. Aéromexico has expanded its ...
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Mastering Micronesia
As island governments slash support for their airlines, the carriers are discovering the need to size themselves to fit their markets and to pay more heed to commercial realities. When your nearest neighbour is 10 days away by boat, aviation is fairly important. But the central Pacific Micronesians are ...
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Mutual interests
Mutual funds own substantial shares in most major US airlines. James S Altschul examines how they look at the airline business, and asks how much influence they wield. They are the behemoths of the equity investment world. Fuelled by a surging stock market, growing retail interest in equities, and a ...
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Tan tough on PAL unions
Philippine Airlines chairman Lucio Tan has displayed characteristic toughness in dealing with the carrier's three unions and has secured a four-year accord after three months of brinkmanship talks. Tan has given the unions a rude awakening after years of capitulation by the carrier's former government owners. Tan set ...
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US pilots are out for profit
Record profits and the use of regional jets are at the root of troubled pilot union negotiations at both American Airlines and United Airlines, and American could suffer a strike. The relationship between American's management and the Allied Pilots Association has changed dramatically since early January, when APA ...
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SIA still keen on Sempati
The main reasons behind Sempati Air's delayed initial public offering have now emerged as its deteriorating financial situation and the resulting top management shakeup. These events do not appear to have dampened Singapore Airlines' interest in taking a stake in the Indonesian private carrier. 'Discussions are continuing' about ...