All Networks news – Page 1419
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Passenger growth has accelerated, says FAA study
A NEW US FEDERAL Aviation Administration's 12-year growth forecast for US commercial aviation shows that passenger numbers grew faster in 1994 than at any time since 1987. "The commercial-aviation industry breathed a collective sigh of relief in fiscal year 1994 as most sectors of the industry recorded their ...
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Swissair in regional/charter shake-up
Andrzej Jeziorski/MUNICH SWISSAIR HAS HANDED over its regional-jet operations to its Crossair subsidiary. In a second strategic move, Swissair and Crossair will absorb the loss-making charter flights of Balair/CTA - effectively ending the latter's operations. Both moves are aimed at cutting costs and restoring group profitability. By the ...
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Hexcel re-emerges
Composites specialist Hexcel, which emerged from Chapter 11 bankruptcy protection in February, turned a $64.3 million operating loss into a $7.5 million profit in 1994. Net losses were cut from $86 million, to $30 million. Source: Flight International
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Transaero gives warning on profit shortfall
INDEPENDENT RUSSIAN airline Transaero has warned that its 1994 financial results will fall short of targets laid out at the start of the year. Although passenger numbers more than doubled, to over 530,000, Transaero president Dr Alexander Pleshakov says that the airline was affected by "an unfair taxation ...
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ARIA faces privatisation
Paul Duffy/MOSCOW PRIVATISATION AND fleet renewal remain at the top of the agenda for Aeroflot-Russian International Airlines (ARIA), says chief executive Vladimir Tikhonov. He adds that the first step in the privatisation process will take place shortly with the issue of shares to airline's staff. Employees ...
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Evergreen sale
Evergreen International Airlines is to sell its all-cargo routes to China to FedEx, subject to US Department of Transportation approval. FedEx, which will become the only US express-package carrier with rights to serve China, plans to lease two Boeing 747s from Evergreen. Source: Flight International
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Orient Express growth
The Orient Airlines Assoc-iation has reported an 11% growth in average passenger traffic for its 15 member carriers in 1994. Average passenger-load factors were up by 1% on the previous year, to 69.44%, while freight traffic increased by nearly 17%. Passenger capacity rose by 9.18%. Source: Flight International
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Falcon fledged
Gulf Air has launched its frequent flyer programme, Falcon, to Gulf Cooperation Council residents and has plans to expand to other countries throughout 1995. The carrier has settled for a standard three-tier membership system. Source: Airline Business
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Japanese tie
Japan Airlines and Thai have signed an agreement in which both carriers will expand the Nagoya-Bangkok service they operate jointly and launch a joint Osaka/Kansai-Bangkok service. In addition, Thai will operate Fukuoka-Bangkok for the partnership. Source: Airline Business
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Flemings doubts add to Bravia problems
Kevin O'Toole/LONDON NEW CRACKS have appeared in the Bravia consortium, set up to sell Rolls-Royce re-engine Tupolev Tu-204 twinjets, with the Flemings banking group expected to make a final decision, over its involvement in the programme within weeks. The problems, centre on disputes over funding ...
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Aer Lingus close to finalising deal to lease three BAe 146-300s
Kevin O'Toole/LONDON AER LINGUS IS close to completing a deal to lease three British Aerospace 146-300 regional-jets to allow it to compete on routes between Ireland and UK regional airports. The aircraft are being made ready for leasing by BAe's Assett Management Organisation, although Aer Lingus ...
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MAS seeks long-range aircraft
MALAYSIA AIRLINES (MAS) has asked for proposals from manufacturers for up to six new long-range passenger aircraft to replace its McDonnell Douglas (MDC) DC-10-30 on thin international routes. Under consideration for the deal are the Airbus A340, Boeing 777 and MDC MD-11. The airline is understood to want ...
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JAL and Thai consider expanding ties
JAPAN AIRLINES (JAL) and Thai Airways International are considering expanding their recently concluded co-operation agreement into a wider strategic tie-up covering Asia and the Indian subcontinent. The two airlines have agreed to increase joint flights from Bangkok to Nagoya and Fukuoka, introduce new joint services to Kansai Airport ...
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Air New Zealand boosts profits
AIR NEW ZEALAND (ANZ) boosted profits in its first half-year, despite continuing problems with its domestic Boeing 737 fleet and a rapid expansion of capacity on international routes. The New Zealand carrier managed to raise net profits by nearly 60%, to more than NZ$140 million ($89 million) ...
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Lufthansa decides on A319 as successor to 737-200
Andrzej Jeziorski/MUNICH LUFTHANSA IS to order 20 Airbus A319 short- to medium-range airliners to replace its remaining Boeing 737-200s. The airline says that it chose the latest and smallest product of the Airbus stable on "grounds of fleet policy and economics". The decision still requires the ...
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Expansionist Air Canada swings back to profitability
AIR CANADA HAS posted its first profit in five years, and chairman Hollis Harris plans to keep the momentum rolling in 1995 with a further double-digit capacity expansion. Group net profits of C$129 million ($92 million) in 1994 mark a dramatic turnaround from the C$326 million loss ...
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GB Airways
GB Airways, now a British Airways franchise carrier is adding four per week services to the Spanish destinations of Valencia and Murcia in the northern summer. Source: Flight International
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Austrian Airlines
Austrian Airlines is beginning services from Vienna to Beijing and Almaty, while Austrian rival Lauda Air is starting a daily Salzburg-London Gatwick service. Source: Flight International