All Networks news – Page 1416
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News
Airports
London/Luton has formed a joint venture with venture capitalists Nash, Sells & Partners to build a rail station at the airport. The venture capitalists will take an 80 per cent stake in the $7.6 million project. The $3.2 billion Denver International Airport finally opened for commercial operations at ...
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Direct flop
Euro Direct Airlines, the ambitious UK independent, ceased operations at the end of February after 10 months of operation. The airline blamed high operational costs for its inability to obtain a reasonable return. Source: Airline Business
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Sunny prospects
The future of the European charter industry looks bright despite increased threats from liberalisation and low-cost scheduled competition. Paul Holubowicz reports on the sector's considerable strengths.The imminent demise of the European charter sector has been regularly predicted since the 1970s, when 'charter' was often considered to be synonymous with a ...
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Make believe airline
Airline Business editor Richard Whitaker learned from his mistakes when he helped run an airline for four years. But the shareholders were not pleased with the result. 'We saw it coming . . . We took too long to do anything . . . We turned it around ...
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A gift for niches
With its gradual privatisation and firm focus on being a successful niche carrier, Finnair sees only benefits in Finland's entry into the European Union. Sara Guild visits Helsinki. The special gifts that might be expected to come with being the official carrier for Santa Claus since the 1980s have ...
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Overhauling costs
The US carriers are proving slow to react to calls for over-reliance on labour cost cuts to give way to a reengineering of the entire way in which airlines do business. Jane L Levere reports. While cost-cutting is nothing new to the US airline industry, the term 'reengineering' represents a ...
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More to gain in Ukraine?
Two-year-old startup Ukraine International Airlines is building on projected annual growth rates of 25 per cent, while its capital Kiev could ultimately challenge the supre-macy of Moscow as an international hub for the CIS states. At the same time the carrier's senior management is talking with potential partners, ...
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Mexican bailout hits mighty buck
There are potent signs that the long reign of the US dollar as the world's main reserve currency may be drawing to a close. As this change starts to take place, reflecting the deep seated changes in the global economic and financial system, the American currency - like sterling for ...
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Isles marshal united forces
The micro-carriers of the North Pacific have decided that group profits are better than individual losses, and are moving to form a joint airline. Led by Air Marshall Islands, the tiny island carriers have set up a working party whose task is to formulate an aircraft share scheme ...
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Indian stake in question
The high hopes of ModiLuft's management to pull Lufthansa in as an equity partner appear threatened by a claim from a US consultancy on 40 per cent of the carrier's equity. ModiLuft has made no secret of its desire to have the German major as an equity partner, ...
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The big float
There are doubts over whether the jewel of the Chinese state-owned airlines, Air China, will be allowed to follow flotations at China Southern and China Eastern in two years' time. David Knibb reports. Whether Air China will sell and list shares overseas after China Southern and China Eastern depends ...
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A firmer future
As the industry recovers, aircraft values are hardening and surpluses falling but some types are faring better than others. Clive Medland of SH&E explains why. Predicting the outlook for the commercial aviation industry is somewhat analogous to forecasting the weather. We can accurately predict that there will be winters and ...
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On the attack
Mid-sized airlines face crucial decisions as they focus on which strategies and management tactics to adopt. Sara Guild reports from an Airline Business conference on the future of medium-sized carriers. The greatest profit potential for medium sized carriers lies in a direct attack on the strategic weaknesses of ...
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Airline news
Shuttle by United is adding Portland-San Francisco and Portland-Los Angeles from the beginning of April. Under the new US-Canada bilateral Northwest Airlines will begin services from Minneapolis to Calgary and Regina on 1 May and Saskatoon on 15 May following US government approval. From Detroit the carrier will ...
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China order thaw on way
Pressure is mounting for Beijing to relax its freeze on new aircraft orders. It looks as if the Civil Aviation Administration of China will permit two, and perhaps all three big carriers, to place firm orders. Senior Air China officials recently visited Toulouse and Seattle in anticipation that ...
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Follow the leader or fix?
Did US airlines agree to cap travel agent commissions and then stage their announcements to make it look as if they were simply following the leader as usual? That is the key question in an antitrust class action filed by US travel giant Travel Network against the major ...
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Beijing sets out HK stall
Beijing has shown half its hand with an eleventh hour disclosure of its terms for renewing the Hong Kong-Taiwan air agreement that expires this month, but it has been less forthright about whether it will approve Hong Kong-Taiwan flights by foreign airlines under other bilaterals, or what criteria it will ...
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Vietnam on for sell-off
The wide-ranging ambitions of Vietnam Airlines are set to receive a boost in the near future with an expected government decision to clear the way for partial privatisation, including a measure of foreign investment. At presstime, airline officials were awaiting details of a planning package which is expected ...
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New accord seals open skies deal
The well known disunity of the US airlines, and their equally known derision of the Department of Transportation in Washington, were set aside recently as they voiced approval of DOT's successful renegotiation of the US-Canada bilateral. One by one, airline CEOs were quoted in press releases praising transportation secretary Federico ...
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A definitive lesson in competence
The US has split the European Union and pushed the European Commission further than ever in its attempts to obtain the right to negotiate air service agreements for its member states. But Mead Jennings and Mark Odell report that bloc negotiations are a long way off. Call it what you ...