All Networks news – Page 1220
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JAL aims to speed cost cuts with new express subsidiary
Paul Lewis/SINGAPORE Japan Airlines (JAL) has launched its new low cost subsidiary, JAL Express (JEX), in an effort to counter the country's crippling high labour costs and in response to the impending entry into the domestic airline market of the first of several planned start-ups. JEX launched its ...
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Touching moment as an era ends
Hong Kong's Kai Tak Airport's northerly approach, which requires a spectacular banking turn around the infamous "chequerboard" in typically tricky crosswinds, was more than a handful for the pilot of a Malaysian Airlines Boeing 747-400 which scraped an outer engine on landing in late June and an Indian Airlines 747. ...
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Top 50 airlines
Financial performance of the world's top 50 passenger airlines ranked by sales -1997 in US$ million - revised 1 August 1998 Group/Airline Sales ($m) Operating profit/loss Operating margin Net profit/loss Year end 1997 change 1997 ...
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Sempati first to shut down
Sempati Air ceased operations in early June, becoming the second airline casualty of the Asian currency crisis and the first in Indonesia. Transportation minister Giri Suseno broke the news about the shutdown. 'It is impossible for Sempati to continue operations in the current difficult situation,' he told the Jakarta ...
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Island of competition
Air Mauritius still enjoys government protection as the sole local scheduled carrier and has successfully seen off a recent challenge to this position from local upstarts African Island Airways (AIA). The idea for a second, regional Mauritian carrier was first floated in July 1995 by local entrepreneur Georges Chung. ...
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Where's the glue
The major alliance groups are each taking different approaches as they try to balance the need for IT integration against potential divorce. When United Airlines' chairman Gerald Greenwald announced the planned alliance with Delta Air Lines, he pointed to IT as one of the major hurdles that would determine ...
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Are you IT- compatible?
Anybody who has not realised that strategic alliances between airlines are the future of the industry must have been asleep for the last few years. But as the major alliance groups seek to implement the close ties their strategists have planned, they are becoming acutely aware of a painful reality: ...
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Cathay coy over partner
Cathay Pacific remains coy about which global alliance grouping it will ally itself with as speculation mounts over potential bedfellows. Cathay's alliance talks are progressing with virtually all major carriers and groupings in the industry, and a decision will be made within six to nine months, says Cathay managing ...
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Chinese join global pack
Chinese flag carrier Air China has become the first Chinese airline to enter fully into an international alliance, but its decision is likely to trigger similar alliance moves from other Chinese carriers. Air China is set to join a strategic alliance with Northwest Airlines and its partners Continental Airlines, ...
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China stops cheap deals
So much for China's experiment with deregulated air fares. Wide-open pricing, which led to discounts of up to 50 per cent, ended in May when the Civil Aviation Administration of China tightened limits on how much airlines could vary ticket prices. Last November the CAAC gave airlines an almost ...
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Comair lists in Jo'burg
Comair is to become the first South African carrier to seek a listing, and is to debut on the Johannesburg Stock Exchange this July. Comair's chairman, Dave Novick, hopes the listing will value the company in excess of R1 billion (US$200 million). A prospectus was expected to be issued ...
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Russian recovery: rough ride ahead
The re-emergence of financial instability in Russia could not have come at a worse moment for the global economy. Although the advanced western economies (except Japan) look robust, much of the rest of the international economy is looking increasingly vulnerable. The crisis in East Asia rolls on, with currencies and ...
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Alliances: three forgotten factors
Stop. Wait. Listen. Think. The whole world is alliance-mad. The fanatical alliance worshippers of this world might think this is heresy, but a fundamental question needs to be asked. Is the crazy web of continuously changing alliance relationships actually going to produce workable results? Alliance-building is basically an egotistical ...
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A first class idea
While the rest of the airline industry promotes the idea of no-frills, virtually fat-free flying, Midwest Express is pampering its passengers with premium service. Meanwhile, in France Fairlines hopes to emulate this success. A handful of peanuts and a dribble of Coca-Cola never satisfied anyone, least of all an airline ...
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French pilots kick up fuss
A further reduction in costs is the key to Air France's partial privatisation later this year, but pilots are strongly resisting cuts in their salary. A strike over a 15per cent cut in pilots' pay started 1 June and is costing the carrier FFr100 million (US$16.7 million) a day, ...
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A leadership role
Swissair's new president and CEO, Jeffrey Katz, thinks leadership is vital - both within the airline and among its alliance partners. Since his arrival in the president's office at Swissair this January, Jeffrey G Katz has been trying not to make too many waves. But a change in corporate ...
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Race for the bronze
Aircraft lessors are jockeying for position as Asian airlines start to think more seriously about operating leases. No-one is challenging the two giants. International Lease Finance Corp and General Electric Capital Aviation Services remain the top aircraft operating lessors. But a three-way race is on to see who will ...
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Aer Lingus is to lose Team
With the disposal of an unprofitable non-core subsidiary finally on the horizon, Aer Lingus now has to confront the bigger questions of ownership and alliances. At presstime the management of the Irish flag carrier had still not convinced the 1,550 strong workforce of its unprofitable aircraft maintenance arm, Team, ...
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Love lost in Dallas brawl
US regional airline Continental Express has begun flying from Dallas/Love Field, becoming the latest carrier to join a surge of interest in the city's downtown airport despite legal attempts to stop the growth. The airport has become a hotbed of controversy, with lawsuits and countersuits flying across Texas. In ...
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Making waves
With a new regional venture, a consultancy and plans to invest in an African carrier, Air Mauritius is taking an increasingly aggressive stance in exploiting its standing in the region. When Air Mauritius chairman and managing director Nashir Mallam-Hasham arrived at his new desk a little over a year ...