All Networks news – Page 1239
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News
Cathay Pacific and Korean results plummet
Asia-Pacific's flag carriers have begun to reveal the extent of damage done to their finances by the region's economic crisis, led by Cathay Pacific Airways showing profits cut in half and Korean Air (KAL) nursing a record loss. Cathay, which has suffered a massive downturn in traffic, saw net profits ...
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Marketplace
-American Eagle has taken delivery of the first of 42 Embraer RJ-145s, and plans to begin regional jet services from Chicago O'Hare in May. The airline will receive the 50-seat ERJ-145s at a rate of two a month until mid-1999. -TAM's component of the massive Latin American Airbus order ...
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Routes
-Delta Air Lines and Venezuela's Aeropostal have agreed to provide codeshare service between Atlanta and Caracas, beginning on 2 April. The deal is subject to government approval. -United Airlines has selected Air Wisconsin, its new subsidiary, Mountain Air Express, and Great Lakes Aviation, to replace Mesa Airlines on United Express ...
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Delta Air Lines takes stake in Aeroperu
As part of strategic efforts to build its presence in South America, Delta Air Lines has agreed to acquire a 35% stake in Aeroperu and enter into a 10-year marketing agreement. Delta's stake will match that of Aeromexico. Both foreign carriers will be represented on Aeroperu's board of directors. ...
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Alitalia talks to the EC about release of state-aid restrictions
Alitalia has taken initial soundings from the European Commission (EC) over the prospect of releasing its state-aid restrictions if the Italian carrier moves towards privatisation, possibly within the next year. Chairman Fausto Cereti is understood to have raised the issue in Brussels during talks over the airline's compliance with ...
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SunJet backers make move for Kiwi
Aviation Industries, the US airline investment vehicle that is backing Sun Jet's re-emergence from bankruptcy, has increased its stake in Kiwi International and is to negotiate the purchase of the low cost carrier. Kiwi re-emerged from Chapter 11 bankruptcy protection in July with backing from private investor Charles Edwards, who ...
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West to escape Asian slump
US credit rating agency Moody's has added its voice to concerns over the impact of the Asian crisis on the airline industry. It argues, however, that US and European carriers may escape the slump relatively unscathed. Those carriers most heavily dependent on intra-Asian traffic are due to face the ...
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Trade links increase
Almost every week, it appears, a US airline announces a new service to Latin America. Almost every month, it seems, a new codeshare agreement is forged between carriers in North and South America. Every year, it is evident, traffic between the two regions continues to grow. Increasing trade is the ...
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Boeing 717 price emerges but fails to meet early hopes
Guy Norris/LOS ANGELES Kevin O'Toole/LONDON As Boeing prepares to reveal an official price for the 717, there are already indications that the 100-seat aircraft will sell for closer to $25 million, deflating hopes among airlines that it could be offered below $20 million. When the aircraft was ...
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American and BA head talks on alliance to challenge Star group
Max Kingsley-Jones/LONDON Talks are under way which could lead to the creation of a worldwide airline alliance grouping involving British Airways, American Airlines, Japan Airlines (JAL) and Cathay Pacific Airways. If the deal is cemented it would rival that of the Lufthansa/United Airlines-led Star Alliance. JAL, which recently ...
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Qantas talks with Cathay break down
Paul Phelan/CAIRNS Talks have broken down between Cathay Pacific and Qantas over the Australian carrier's plans to acquire up to five RB.211-524D4-powered Boeing 747-200s, with airline sources confirming that the carrier expects to consider a wider range of options in the wake of the Asian downturn. These aircraft include new ...
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Saega suspends
Saeaga Airlines suspended operations on 1 March and is seeking to sell or lease its fleet . The Malaysian regional airline has two Bombardier de Havilland Dash 8s and a Canadair Regional Jet. It is already in discussions to lease the Dash 8s to a new Brunei regional, Borneo Airways. ...
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French independent taps into new routes
French independent airline AOM has signed a codesharing agreement with TAP Air Portugal under which the two carriers will jointly develop routes to cities in the south of France, Portugal, LatinAmerica and the Caribbean. The deal follows last year's agreement with Swissair, which AOM business director Jean-Marc Janaillac admits ...
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Continental Micronesia fights Asia crisis
Guy Norris/GUAM Continental Micronesia is expanding its route network, revising its Guam hub operation and modernising its fleet with Boeing 757s and Next Generation 737s as part of plans to counteract the downturn in traffic following the Asian economic crisis. The first of two new 757-200s due for ...
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Japan prepares for domestic battles after deregulation
Andrew Mollet/TOKYO The Japanese Government is preparing to deregulate domestic air fares in fiscal 1999 in a move that analysts say will serve to further stiffen competition in an already highly contested market. A draft report from a transport ministry panel has urged the lifting of restrictions that ...
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Marketplace
-British Airways regional partner Maersk Air has ordered two additional Bombardier Canadair Regional Jet (CRJ) Series 200LRs for delivery in early 1999. The move marks a continuation of the company's BAC One-Eleven replacement programme, which began late last year with an order for three CRJ-200s. -Alaskan carrier Taquan Air will ...
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Japan prepares first North Korean flights
Japan has agreed to open its first route into North Korean airspace following the successful completion of international trial flights through the Pyongyang flight information region (FIR). The new route, tentatively designated B332, will run due north from point Miho within the Tokyo FIR, through neighbouring South Korean airspace, ...
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Routes
-The US Transportation Department has allowed seven weekly flights each to American Airlines, Delta Air Lines and Continental Airlines for US-Tokyo services following the new US-Japan bilateral agreement. American will inaugurate its Chicago-Tokyo Narita service on 1 May, Delta is to start its new daily Atlanta-Tokyo service on 3 June, ...
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Indonesian gloom forces Sempati Air to retrench
Sempati Air Transport has axed all international routes, laid off nearly 60% of its staff and reduced its fleet to just five Boeing 737-200s as Indonesia's deepening economic crisis threatens many of the country's smaller carriers with bankruptcy. Privately owned Sempati cut around 1,000 of its 1,700-strong workforce from ...
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UPS develops people carrying package for charter companies
UPS aims to double the number of weekend charter passengers it carried last year under contract to US cruise lines, tour operators and professional sports organisations. The carrier, better known for transporting parcels than people, is conducting charter flights with five Boeing 727-100 freighters, modified to accept a quick ...