All Networks news – Page 1293
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News
China Eastern beats its 1996 profits forecast
China Eastern Airlines managed to post better-than-forecast profits for 1996, providing some good news in the wake of its February listing on the Hong Kong and New York stock exchanges. In its prospectus for the flotation (the first by a Chinese carrier), China Eastern had warned that declining ...
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City Bird boss hunts for new investors
Belgian entrepreneur Victor Hasson is seeking new investors for the recently launched City Bird long-haul airline, to reduce the controlling 58%share held by his City Hotels group. Hasson launched the City Bird concept in 1996, after selling control of EuroBelgian Airlines (EBA), the low-fare European carrier now operating ...
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Lufthansa plans cargo alliance
Lufthansa Cargo is to follow its parent airline into a global alliance as part of the plan to return the now independent freight business to profit. The partnership could be set up this year, and will be similar to the forthcoming passenger alliance of Air Canada, Lufthansa, SAS, ...
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Malev boosts share sale
The Hungarian Government is to sell off another 39%of Malev as the privatisation of the flag carrier goes into its second phase. Alitalia, which acquired 30%of Malev in the initial privatisation four years ago, may also have to sell its stake. The sale to Alitalia, and of another ...
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Battle plans
IT SEEMS TO BE SHAPING UP into a battle of master-plans - and therefore one of cultures. On the one hand, there is the master- plan of the supra-national European commercial culture; on the other there is the master-plan of the super- national integrated French culture. The battle is for ...
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US air-traffic-control fees draw foreign fire
NEW USER FEES which cover flights through US-controlled airspace which neither take off from or land in the USA have raised a storm of protest from foreign airlines. The fees, to be assessed against commercial and general-aviation aircraft, were authorised by US Congress in 1996. The US Federal ...
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US carriers enjoy profits hike
Overall profits from the major US airline groups continued to forge ahead in the first quarter of 1997, shrugging aside the hike in fuel costs and re-imposition of the 10% federal ticket tax in early March. The leading airlines made a combined profit of over $750 million, more ...
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Maersk steers Estonian Air to profits in 1999 as traffic rises
Estonian Air, now managed by Denmark's Maersk Air following 1996's privatisation, is forecasting proÌts by 1999 on the back of a steady increase in passenger traffic, helped by its new Western-built aircraft ßeet and the development of regional routes from the Estonian capital, Tallinn. Borge Thornbech, who was ...
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Gulf Air funding finally agreed as losses start to fall
Gulf Air says that its state shareholders have agreed to $200 million in fresh funding, ending months of boardroom negotiations over shoring up the carrier's crisis-hit finances. The deal was finally struck at a board meeting held in Doha, Qatar, in April. Chief executive Shaikh Ahmed bin Saif ...
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South Africa draws up shortlist for Sun Air
South Africa has drawn up a shortlist of potential bidders for Sun Air in the first phase of the regional airline's privatisation. The list includes Air France, Malaysian Airlines (MAS), Virgin Atlantic and South African domestic carrier Comair, which acts as a British Airways franchise operator. Alongside the ...
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Canadian pair plan shake-ups
Canada's regional carriers face a shake-up following a decision by the country's two largest airlines to consider restructuring their domestic operations. Air Canada set the ball rolling by announcing a review of operations which could lead to a restructuring of four regional carriers - Air BC, Air Ontario, ...
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Slow domestic market makes ANA look abroad for growth
All Nippon Airways (ANA) has announced plans for a large-scale expansion of its international operations over the next five years, as the carrier faces the prospect of slower growth and increased competition at home. Under ANA's mid-term 1997-2001 corporate plan, international operations will be expanded from 30% to ...
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First Ilyushin Il-96T is rolled out at Voronezh
The first series production version of the Pratt & Whitney PW2000-powered Ilyushin Il-96, a-96T freighter, was rolled out at the VASO plant in Voronezh on 26 April. The Russian prime minister, Victor Chernomyrdin, attended the ceremony, stressing the political significance of the event. Twenty of the PW2337-powered aircraft ...
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Lufthansa 747 'Classic' digital cockpit retrofit is certificated
The first Boeing 747 "Classic" to be retrofitted with a digital cockpit has been certificated by the German civil aviation authority. The aircraft, an ex-United Airlines 747SPbelonging to the Brunei royal family, was modified by Lufthansa Technik in Hamburg, Germany (Flight International, 26 June-2 July, 1996). It has ...
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R-R will speed up Trent 8100
Rolls-Royce has reached agreement with Boeing to advance the development and certification of its planned 445kN (100,000lb)-thrust Trent 8100 growth engine by nine months, allowing the powerplant to enter service on the proposed 777-200X and -300X derivatives by 2001. The revised Trent 8100 schedule is contained in a ...
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Regional realities
If industry forecasts are to be believed, air traffic in the Asia-Pacific region is set to triple over the next 20 years. Eager to cash in on this expected boom in aviation travel are several Asian start-up carriers. How many will be able to overcome the political, financial, regulatory and ...
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Sharing the loads
The utilisation by major carriers of regional airlines with low cost bases to operate low-volume, short-haul feeder services is a concept that has been established in North America since the 1980s, but has only recently caught on in Europe. British Airways was the first European carrier to conclude a franchise ...
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France's revolution
The announcement on 18 February by French regional airline Brit Air that it was to place the launch order for the 70-seat Series 700 version of the highly successful 50-seat Bombardier Canadair Regional Jet (CRJ) served only to confirm the revolution taking place in France's regional-airline industry. In ...
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Ausburg Airways
Andrzej Jeziorski/MUNICH Augsburg Airways began its franchise partnership with Lufthansa in the third quarter of 1996. Since then the German regional carrier has expanded its Bombardier de Havilland Dash 8-100 and -300 ßeet from Ìve to eight aircraft, and dedicated 50% of its business to this co-operation. According to Augsburg ...
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Oz's World
The Australian government has granted international route rights to a proposed new startup, Australia World Airways, to operate flights to Greece, the Netherlands and Cyprus. The draft decision is subject to the carrier securing funding within six months. Source: Airline Business