All Networks news – Page 1220
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Pan Am hopes to railroad a return to business
Pan American World Airways has edged closer to reviving its scheduled services following bankruptcy court approval for a plan to shift control of the ill-fated low-cost start-up to a US railway company. The deal would see Guilford Transportation, which operates the largest regional rail system in the north-eastern USA, ...
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US Airways to buy A330-300s
Julian Moxon/PARIS US Airways is set to become the first US airline to operate new generation Airbus widebodies when it introduces the first of up to 30 A330-300s late next year. The Airbus deal follows a drawn out and closely fought competition against Boeing's 767-300/400. The order comes ...
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El Gavilan plans US assembly
El Gavilan is looking for a strategic partner in the USA to manufacture and sell its single-engine utility aircraft in the region. The company, which produces the piston-powered Gavilan 358 and is developing the 508T turboprop utility aircraft has already set up an office in Lockhaven, Pennsylvania, which is ...
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P&W links with SIA for engine overhaul venture
Pratt & Whitney has finalised an agreement with Singapore Airlines (SIA) to establish a new engine repair and overhaul joint venture, in what is the latest in a series of after sales support investments in Asia by competing powerplant manufacturers. Eagle Services ASIA will be 51% owned by PW ...
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Air 2000 makes LIA fleet merger first priority
Air 2000 is aiming to integrate its recent acquisition, Leisure International Airways (LIA), by the beginning of its summer 1999 flying programme. It will then look at long-term fleet plans. The merger of the two UK charter airlines under the Air 2000 identity follows the recent purchase by Air ...
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KLM accounts hint at the true worth of BA slots at Heathrow
Kevin O'Toole/LONDON A rare insight into the value of slots at London Heathrow has emerged from a line in the latest KLM accounts which gives details of a deal with British Airways that appears to put a price tag of up to $3 million on each landing and take-off ...
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BA and Cathay Pacific near alliance agreement
Paul Lewis/HONG KONG Cathay Pacific Airways is close to finalising a wide-ranging alliance with British Airways, which could extend to the UK company acquiring an equity stake in the Hong Kong carrier. The airlines are also believed to be talking about swapping aircraft. According to industry sources, discussions ...
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JAL aims to speed cost cuts with new express subsidiary
Paul Lewis/SINGAPORE Japan Airlines (JAL) has launched its new low cost subsidiary, JAL Express (JEX), in an effort to counter the country's crippling high labour costs and in response to the impending entry into the domestic airline market of the first of several planned start-ups. JEX launched its ...
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Touching moment as an era ends
Hong Kong's Kai Tak Airport's northerly approach, which requires a spectacular banking turn around the infamous "chequerboard" in typically tricky crosswinds, was more than a handful for the pilot of a Malaysian Airlines Boeing 747-400 which scraped an outer engine on landing in late June and an Indian Airlines 747. ...
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Top 50 airlines
Financial performance of the world's top 50 passenger airlines ranked by sales -1997 in US$ million - revised 1 August 1998 Group/Airline Sales ($m) Operating profit/loss Operating margin Net profit/loss Year end 1997 change 1997 ...
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Sempati first to shut down
Sempati Air ceased operations in early June, becoming the second airline casualty of the Asian currency crisis and the first in Indonesia. Transportation minister Giri Suseno broke the news about the shutdown. 'It is impossible for Sempati to continue operations in the current difficult situation,' he told the Jakarta ...
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Island of competition
Air Mauritius still enjoys government protection as the sole local scheduled carrier and has successfully seen off a recent challenge to this position from local upstarts African Island Airways (AIA). The idea for a second, regional Mauritian carrier was first floated in July 1995 by local entrepreneur Georges Chung. ...
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Where's the glue
The major alliance groups are each taking different approaches as they try to balance the need for IT integration against potential divorce. When United Airlines' chairman Gerald Greenwald announced the planned alliance with Delta Air Lines, he pointed to IT as one of the major hurdles that would determine ...
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Are you IT- compatible?
Anybody who has not realised that strategic alliances between airlines are the future of the industry must have been asleep for the last few years. But as the major alliance groups seek to implement the close ties their strategists have planned, they are becoming acutely aware of a painful reality: ...
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Cathay coy over partner
Cathay Pacific remains coy about which global alliance grouping it will ally itself with as speculation mounts over potential bedfellows. Cathay's alliance talks are progressing with virtually all major carriers and groupings in the industry, and a decision will be made within six to nine months, says Cathay managing ...
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Chinese join global pack
Chinese flag carrier Air China has become the first Chinese airline to enter fully into an international alliance, but its decision is likely to trigger similar alliance moves from other Chinese carriers. Air China is set to join a strategic alliance with Northwest Airlines and its partners Continental Airlines, ...
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China stops cheap deals
So much for China's experiment with deregulated air fares. Wide-open pricing, which led to discounts of up to 50 per cent, ended in May when the Civil Aviation Administration of China tightened limits on how much airlines could vary ticket prices. Last November the CAAC gave airlines an almost ...
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Comair lists in Jo'burg
Comair is to become the first South African carrier to seek a listing, and is to debut on the Johannesburg Stock Exchange this July. Comair's chairman, Dave Novick, hopes the listing will value the company in excess of R1 billion (US$200 million). A prospectus was expected to be issued ...
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Russian recovery: rough ride ahead
The re-emergence of financial instability in Russia could not have come at a worse moment for the global economy. Although the advanced western economies (except Japan) look robust, much of the rest of the international economy is looking increasingly vulnerable. The crisis in East Asia rolls on, with currencies and ...