All Networks news – Page 1393
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Asian giants ripe for investment
One only has to monitor the extraordinary number of high-powered, government-sponsored trade missions from the industrial countries to China and India to realise that these rising powers of Asia have become critical targets for western exports, financial services and inward investment. At a time when growth among some of the ...
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Abacus lifts Thai stakes
In a further bid to break the monopoly of the Amadeus CRS in Thailand, Singapore-based Abacus is threatening to elevate its battle with the Thai government to a regional trade dispute. As a measure of intent, Abacus president William Liu has already threatened to wipe Thai Airways flights ...
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Asia majors to woo DHL
The Asia-Pacific's major airlines are trying to convince overnight express freight operator DHL Worldwide to modify plans to introduce 12 of its own Boeing 727 freighters into the region, apparently fearing the move will rob them of critical cargo income. Until now DHL has used only commercial uplift ...
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Asia yields to price wars
Asia's halcyon days of high yields look set to end in the conflagration of fare wars as the pressure on prices mounts from four directions. Seven months of flat or falling loads are the main culprit. Traffic is still growing at an annual 8 or 9 per cent, ...
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Garuda fears open house
Already hit by falling profitability Garuda Indonesia has been stunned by a government scheme to allow major rivals virtual open entry into its home market. The carrier has 'protested fiercely' at proposals by minister of transport Haryanto Dhanutirto to invite British Airways, KLM and Japan Airlines to apply ...
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AirAsia back for seconds
Proposed Malaysian startup AirAsia is back - well almost. Owners Hicom and the Mofaz group are launching an airport ground services company to cement their role in aviation, while the government continues to consider the application for an operating licence. AirAsia was to have become Malaysia's second national ...
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Avia out for the discount
A lack of yield management lies at the heart of the failure of the Johannesburg-based international startup Avia Airlines, which entered 'provisional liquidation' after only three months of operations. Gert De Klerk, Avia's sole shareholder, blames the demise on heavy discounting of up to 15 per cent on ...
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Twin trouble for Cathay?
Cathay Pacific doesn't know whether to laugh or cry. On the one hand, it has avoided sharing its Hong Kong-Taiwan route with a Chinese-backed aspiring new entrant, China National Aviation Corporation, but it must still contend with two new entrants on the lucrative route. The thorny issue of ...
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Pal threats
Fledgling Philippine operator GrandAir wants to launch regional services in direct competition with flag carrier Philippine Airlines. GrandAir, which operates two A300s domestically, has applied to serve 11 Asian countries, including China, Japan, South Korea, Thailand and Hong Kong. Source: Airline Business
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Alitalia seeks foreign cash
Alitalia's management is forging ahead with its restructuring programme, as it prepares for the recapitalisation of the company in October. The carrier seeks an injection of up to L2,000 trillion ($1.3 billion), and its share price has been outperforming the Italian market average by 20 per cent as ...
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Profits hit USAir cuts ...
USAir's short period of optimism, with its labour problems near resolution, its competitors at bay and its second quarter profit up 717 per cent, was only illusory. The carrier returned to square one in its labour talks in July, Southwest is preparing to enter the Florida market, long ...
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LOT to think about AMR
LOT Polish Airlines has a lot to think about. The most pressing issues are doubts over its cooperation with AMR Corp, its proposed codeshare with American Airlines and the refinancing of its recent fleet acquisition. AMR Corp's ground services management contract with LOT is up for a two ...
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Oz champers stays on ice
The champagne bubbles were just settling after the successful conclusion of the Qantas privatisation when a handful of brushfires began throwing out sparks, potentially damaging projections of profitability. First, freight handlers walked off the job over a range of issues, including manning levels at Sydney Airport. They were ...
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Are airlines really on the rebound?
It all looks blissful, but this year's profits rebound could be a nine-day wonderOh, joy. After five years in the doldrums, there is a steady breeze of success and optimism blowing through the airline industry. But is the recovery going to be a permanent feature, or will it be yet ...
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Air India has capital plans
In a bid to reverse its declining market share Air India is embarking on an ambitious fleet renewal and expansion plan which would double the number of aircraft to 54 by the year 2002. With the state coffers shut tight, the Indian flag carrier is planning a further expansion of ...
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Pacific links spur on talks
In an attempt to flout the stalled US-Japan aviation relationship, airlines from the two countries are forming partnerships that could make alliance-building the issue that forces bilateral liberalisation. It is Delta Air Lines' proposed codesharing alliance with All Nippon Airlines, announced at the start of August, that is ...
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Delta plans another rejig
Delta Air Lines is to restructure its network by leaving five international markets, diminishing its Dallas-Fort Worth hub further, building up the importance of Cincinnati, and transferring more routes to regional airlines. The realignment is part of a continuing effort to maximise the profitable elements of Delta's network ...
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EC to act on Nordic link
The European Commission has set out the conditions it will impose before approving the proposed alliance of Lufthansa and SAS, while Transwede and Finnair are putting on a brave face about the prospect of a northern European giant operating in their backyard. The Commission has notified Lufthansa and ...
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. . as Sabena deal gets OK
The European Commission's conditions imposed in clearing Swissair's 49.5 per cent stake in Sabena may yet boost Belgium's private carriers but other European airlines seem less inclined to challenge the incumbents. The deal, cleared in late July, will see Swissair pay BFr6 billion ($212 million) for slightly under ...
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Canadian returns aircraft
Canadian Airlines International is to return three leased aircraft at the end of October following a review of its route network and narrowbody fleet requirements. Canadian will also discontinue selected services in northern Canada, turning some over to Canadian Regional and Calm Air. Source: Flight International