All Networks news – Page 1202
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News
SAS thinks over airliner options
Julian Moxon/PARIS SAS says it could decide "by the end of the year" on its next airliner purchases, following the September delivery of its first Next Generation Boeing 737. The Scandinavian airline is looking at replacing its 14 200-seat Boeing 767-300ERs with the Boeing 777 or a mix ...
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Southern Air ceases operations
Financially troubled US cargo carrier Southern Air Transport (SAT), which has been up for sale for some time, ceased operations on 25 September. The airline plans to liquidate assets as it contemplates filing for bankruptcy protection from creditors. The end came after first Fine Air Services, and then Kitty ...
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AMR searches for a buyer for its fixed-base operations chain
American Airlines' parent company AMR has put its AMR Combs fixed-base operation (FBO) network up for sale along with its AMR Services and TeleService Resources units. The company says it wants to focus on its core airline and Sabre computer reservations businesses. AMR acquired the Combs Gates network of ...
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Falling shares delay privatisation plans
The turmoil in the world's stock markets is finally starting to catch up with the airline industry. Tumbling share prices have forced the Austrian Government to delay plans to reduce its holdings in Austrian Airlines (AUA) with a Sch800 million ($68 million) capital increase. The decision places a question ...
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Bear markets
With the bears now firmly in control of every stock market in the world, any sane government thinking of selling off its state-owned airline should be reaching for the telephone to inform its financial advisors to put away the sale prospectus until the bulls are back in control of share ...
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Point to point delivery
David Learmount/LONDON Transporting outsized, heavy machinery or plant to a remote site on a different continent is a logistics nightmare which might involve three or more modes of transport. The unit, perhaps a hydro-electric generator, often has to be designed not only for its mechanical efficiency, but to enable modular ...
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Facing the future
Emma Kelly/LONDON The in-flight entertainment (IFE) industry has come in for sharp criticism over the last few years, with some well-publicised interactive IFE failures giving it a bad name. To limit the chances of this happening in the future, the World Airline Entertainment Association (WAEA) - the IFE industry ...
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Philippine Airlines reprieved by union deal
Grounded Philippine Airlines (PAL)has won a reprieve from a final shutdown, following a "yes" vote by ground staff to accept a government-brokered last-ditch deal to revive the ailing carrier financially . The 6,500-strong PAL Employees Association voted on 2 October by a two-to-one margin to accept the deal reached ...
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Double take
Amsterdam-based debis AirFinance has placed its first Airbus A330-200 on a 10-year operating lease with Korean Air. The South Korean flag carrier was also expected to take delivery of a second in late September. Debis AirFinance has also delivered an A330-300 to Thai Airways International on an 11-year operating lease, ...
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Israeli intrigue
El Al is to buy two 767-200ERs from Air France for its routes to Chicago, Hong Kong and Toronto. Israel's national carrier had initially intended to lease the two aircraft from local private carrier Arkia Israeli Airlines. The 767s will be delivered in January and March next year. Source: ...
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Routes
Renewed efforts to step up cooperation between Caribbean carriers could start with the joint handling, purchasing and wet leasing of cargo aircraft. The aim is to improve efficiency in one of the most fragmented air transport markets. US regional carrier Aspen Mountain Air is to restructure its route system ...
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Fare wars sting Brazil
Deregulation and resulting fare wars continue to bite hard into profits at Brazil's four main airlines, with no sign that the worst is over. Varig is blaming the fare wars for its Real $197 million ($168 million) loss reported for the first half year. This is almost triple the figure ...
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Eagle eyes all-jet fleet
American Airlines regional subsidiary American Eagle is planning to become an all-jet operation - a declaration that will put pressure on other US regionals to follow suit. American Eagle confirmed at the UK's Farnborough air show in September that it is to buy 75 Embraer RJ-135 37-seat jets. The ...
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Air India may seek equity
The efforts are on to sell the Indian Government's majority shareholdings in Air India and Indian Airlines. In September, the Disinvestment Commission drafted a detailed plan to sell the 60% stake in Air India, and finance minister Yashwanth Sinha announced the disinvestment of 51% of Indian Airlines. The commission ...
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Cost cuts lift Qantas and Air New Zealand
Cost-cutting continues to underpin strong financial performances by Australasia's two main international carriers, Qantas and Air New Zealand, while the region's third biggest carrier, Ansett, prepares radical measures to fix its cost problems. Investors remain worried by Qantas' exposure to Asia, in spite of management efforts to reduce that ...
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Asians climb out of currency crisis
Two of the flag carriers worst hit by the Asian currency collapse - Philippine Airlines and Indonesia's Garuda - have taken vital steps back from the abyss. PAL has resolved key labour problems while Garuda has renegotiated crippling US-dollar aircraft leases and gained government approval to increase domestic fares. ...
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The rouble plays Russian roulette
First it was the crisis in South East Asia. Now it is meltdown in Russia's financial system that is spreading panic in global markets. The lesson from Asia is that what may start with currency collapse swiftly and inevitably translates into damage for the real economy of production, output and ...
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A question of ownership
For all their advantages, global alliances can go only so far while the issue of foreign ownership remains unresolved US and UK negotiators sit down this month to thrash out a new open skies bilateral. They will face a barrage of pressure from anxious onlookers keen to see their interests ...
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EC faces tussles over slot sales
As US-UK open skies talks remained scheduled for early October, a clarification of the UK Government's position on the British Airways-American transatlantic alliance was awaited. In deciding how many slots the prospective alliance partners will have to relinquish at London Heathrow and Gatwick airports and whether or not they ...
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British Airways GOes into cut-throat price battleground
Less than five months after British Airways started up its controversial low-cost operation at London Stansted, GO has sparked off what promises to be a cut-throat price war in Europe. The battle began on 7 September, the day before GO launched onto the high density London-Edinburgh route. Determined to face ...