All Networks news – Page 1216
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A Herculean task
Never trust Greeks bringing gifts, so the saying goes. It is to be hoped that doesn't apply to Greeks receiving gifts. Where is Hercules when he's needed? Unless he or the ancient gods intervene and provide a timely miracle, Greek flag carrier Olympic will require another sizeable gift from ...
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Oz raises the alliance ante
Australia's antitrust agency has approved the alliance between Ansett, Air New Zealand, and Singapore Airlines, paving the way for the three carriers to turn up the heat on the Qantas-British Airways strategic alliance. The Australian Competition and Consumer Commission (ACCC) tentatively approved the tripartite agreement despite its concern that ...
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SAA chief plans repairs
South African Airways' new US chief executive is promising a complete overhaul and believes alliances and privatisation will have to wait until the airline is in better shape. Coleman Andrews, former CEO of World Airways, has been given a four-year contract with a mandate to restore the South African ...
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Policy stirs Tata's hopes
With the announcement of a new aviation policy by the right-wing Indian government, the civil aviation ministry has reopened the Tata Airlines file. Tata proposes that foreign institutional investors pay Rs 2.78 billion (US$65.5 million) for a 40 per cent equity stake in the airline, leaving Tata Industries with ...
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Burbank completes 707 hushkit work and expects STC soon
Burbank Aeronautical (BAC) has completed flight tests of its Stage 3 Boeing 707 hushkit and expects to receive a supplemental type certificate (STC) by late August. Work has now begun on a McDonnell Douglas DC-8-50/61 kit. The STC will be obtained by Quiet Skies, a company established by Burbank ...
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GE 'commits' to re-fanned CF6
Guy Norris/LOS ANGELES General Electric has completed initial tests on a hybrid wide chord fan for the CF6-80C2 turbofan and says that it is "off and running" with development of the more powerful "G2" version for heavier versions of the Boeing 767-400 and 747-400X. "We've just completed the ...
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Computer problems continue to delay Hong Kong freight
The disruption and delay in air freight at the newly opened Hong Kong International Airport is set to continue through to the end of August, as Hong Kong Air Cargo Terminals (HACTL) struggles to overcome computer problems and to bring its "Super Terminal One" back on line. According to ...
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Debonair looks for frequent flier links
Low-cost UK carrier Debonair has emerged from its meeting to discuss setting up a joint frequent flier programme for the independent airline sector, declaring that it has up to 15 European carriers on board, including Virgin Express and Air Malta. Potential deals are also in place to extend the scheme ...
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Fine Air set for Southern Air purchase
Ramon Lopez/WASHINGTON DC Fine Air Services, the parent of Miami-based Fine Air, has revealed plans to acquire rival US cargo airline Southern Air Transport (SAT). Privately owned SAT, based in Columbus, Ohio, has been on the market for several months, with 747 freighter lessor Atlas Air previously tipped ...
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Ayres set to complete Let deal
Ayres, the US cargo and agricultural aircraft manufacturer, expects to complete its acquisition of a 93% controlling stake in Czech aircraft builder Let Kunovice from Aero Holdings by the end of July. "We have signed everything and are only waiting on US Government technicalities," says company president Fred Ayres. The ...
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MEA discusses nine-aircraft order with Airbus and Boeing
Middle East Airlines (MEA) has confirmed it is in talks with Airbus Industrie and Boeing over an order for up to nine medium-range aircraft. The airline declines to clarify the details of the bids, but it is understood to be looking for a mix of six medium- and three large-capacity ...
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America West and Mesa mend fences and hammer out new deal
America West Airlines and US regional Mesa Airlines have entered into a new six-year code-share agreement which will quadruple the number of 50-seat Canadair Regional Jets (CRJs) dedicated to the America West Express regional operation. The new deal reverses a deterioration of the six-year partnership which earlier this year ...
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Marketplace
-CityFlyer Express has taken delivery of its fifth Avro RJ100, and has placed orders for two further aircraft for delivery in mid-1999. The airline, which operates British Airways franchise services from Gatwick, has also placed two options. -Atlas Air has placed a third 747-200 freighter with a consortium of South ...
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Cronus to expand fleet with 737-700/800 deal
Cronus Airlines is in negotiations to acquire Next Generation Boeing 737s as it initiates an expansion of its network. The three-year-old privately owned Greek carrier now operates two 737-300s and one -400 on scheduled and charter flights within Greece and to Paris, London and points in Germany. Extra frequencies ...
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Routes
-Sabena will introduce jet services on its Brussels to London City service on 13 September, replacing the existing Bombardier Dash 8 with an Avro RJ85 on one of five daily flights. ++ Swissair will cease flights to Philadelphia at the end of October. The airline will offer connections via New ...
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EC closes issue of Air France state aid despite court decision
The European Commission (EC) has effectively laid to rest the issue over its four-year-old Air France state aid package, brushing off legal questions raised by last month's decision in the European courts. Air France should now be free to press ahead with its planned share flotation. The European Court ...
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US low-cost airlines recover...
Kevin O'Toole/LONDON Further evidence has emerged of an upturn in fortunes for the beleagured US low-cost carriers, with a round of profits for the second quarter. Vanguard Airlines has posted its first-ever profits and Kiwi International Airlines is optimistic that it will return to the black this year. ...
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Domestic boom keeps majors' profits rolling
The major US carriers turned in another healthy set of profits for the second quarter, but as the mid-year results rolled in, Wall Street was already getting jittery over the likely timing of a downturn. The headline results were again based on the strength of the domestic economy, where ...
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Sunshine jetset resets
Max Kingsley-Jones/LONDON While the sun is shining on Europe's holiday makers this summer, the tour operators have been hard at work on an industry-wide consolidation. The events of the last year or two have begun to reshape the major travel markets of Germany and the UK. The transformation has ...
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Production problems hit Boeing first half profits
Guy Norris/LOS ANGELES Boeing has doubled the projected number of Next Generation 737s it will have to build to reach break even on the programme as the legacy of production problems continues to dog its financial performance. The USgiant admits that it is now likely to have to ...