All news – Page 6365
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Philippines scraps Taiwan accord
The Philippines Government, as threatened last month, has scrapped its air services agreement with Taiwan as a high-stakes dispute over a new air accord has boiled over. The Philippine Civil Aeronautics Board (CAB) has ordered the suspension from November after Taiwan refused to agree to a demand that its ...
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Hong Kong cuts fees
DAVE KNIBB SEATTLE A deal between Hong Kong's airport authority and government has cleared the way for a 15% cut in landing and parking fees at Chek Lap Kok from 1 January. Hong Kong's Government has agreed to take over fire and rescue operations at the airport to save the ...
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Government cash to rescue Garuda
NICHOLAS IONIDES SINGAPORE Garuda Indonesia is to receive a financial boost from its government owners from next year, with a promise of annual cash injections of $62 million over the next eight years. The cash-strapped airline, Indonesia's flag carrier, says the government made the promise in September, allowing for payments ...
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Asia stays cautious despite signs of recovery
The latest round of financial results from Asia's airlines show how far the bulk of the region has come over the past year. But faced with continuing depressed yields in many markets, executives across the region feel compelled to warn that a full recovery is still a distant prospect. Carriers ...
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New contenders join the contest in Peru
DAVID KNIBB SEATTLE Substitute LanChile and Grupo TACA for Cintra and Delta Air Lines and a new chapter opens in Peruvian aviation. LanPeru and TACA Peru, backed by their main patrons LanChile and Grupo TACA, have replaced the fallen AeroPeru that was owned by Mexico's Cintra and Delta. Meanwhile, a ...
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Cintra faces new investigation
Mexico's competition commission has launched a new investigation into Cintra, the holding company for Aeromexico and Mexicana. The commission intends to focus on whether Cintra complied with conditions the commission set in 1995 when it approved Cintra's formation. This is the commission's second investigation of Cintra. In 1997 it ...
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In brief
Air Canada expands in USA - Air Canada has signed a new code-share agreement with United Express carrier Atlantic Coast Airlines, effective from 31 October. The agreement will enable Air Canada to offer 11 new destinations along the Eastern seaboard via Washington Dulles and Chicago. Cuban contract for TransAer ...
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Aeroflot calls in US bank for long-term debt advice
PETER BENNETT VIENNA Russia's flag carrier Aeroflot has selected Chase Manhattan Bank to help restructure its mounting debt problems and finalise plans for a possible re-entry into the world capital markets. The airline insists, however, that there is no chance of a fresh share issue to raise new cash ...
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Alitalia plans strategy amid growing competition
Alitalia has announced an upbeat two-year strategic plan, but in the short term it could be in for a bumpy ride. The Italian carrier forecasts a drop in net consolidated profit from 1998's L408 billion ($223 million)to L202 billion this year, blaming declining domestic yields and a rise in ...
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Iberia faces attack as shares go on sale
BARRY CROSS LONDON Iberia's initial public offering is finally going ahead on 22 November, following the resolution of a dispute between 9% shareholder British Airways and major company shareholder Caja Madrid over voting rights. A 53% stake held in the flag carrier by state holding company SEPI will be floated. ...
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Forced marriages
PETER CONWAY LONDON The big three global alliances have produced few cargo synergies so far. Will they ever? Cargo departments could be forgiven for feeling a little excluded amid all the clamour surrounding global alliances. While vast amounts of management time have been focussed on cementing the right strategic relationships ...
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Expanded horizons
NICHOLAS IONIDES SINGAPORE Singapore Airlines emerged relatively unscathed from Asia's economic turmoil. Now the group's executive team, led by Dr Cheong, aim to ensure that growth gets back on track, with alliances which will increase the carrier's reach around the world. The executive team at Singapore Airlines (SIA) would seem ...
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Europe's majors call for liberalised transatlantic
ALAN GEORGE BRUSSELS The Association of European Airlines (AEA) has called for a renewed drive to establish a so-called Transatlantic Common Aviation Area, subject to a single regulatory framework. The AEA, the club of Europe's major carriers, makes the call in a draft policy paper scheduled for adoption at ...
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Reworking the model
KEVIN O'TOOLE A new alliance study carried out by Gemini Consulting, in collaboration with Airline Business, suggests that global groupings may have to adopt more than one model for their relationships. The last time that the airline industry indulged in a bout of alliance-forming at the start of the 1990s, ...
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Births, deaths and marriages
Sifting the sands of global alliance networks is quickly becoming an art. Over the next year to 18 months this skill will be tested to the limits as exposed "independent" carriers seek shelter in global alliances. These are interesting times for alliance watchers everywhere. Swissair's long-running Atlantic Excellence alliance ...
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EC to study environment
ALAN GEORGE BRUSSELS The European Commission (EC) has invited bids for a major study of market-based options for reducing the environmental impact of aircraft operations. The move, by the transport directorate (DGVII), comes as part of a wider formulation of environmental policy which will include the issue of a ...
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Free for all
KAREN WALKER WASHINGTON DC US plans for a modernised air traffic control system have undergone a sharp change in direction, making them evolutionary rather than revolutionary and putting the emphasis on government-industry collaboration. Such a programme is more likely to win Congressional support and become a reality. "Ask 10 controllers ...
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Mind the capacity gap
Chris Tarry of Commerzbank unveils a new model to measure the true gap between capacity growth and underlying traffic demand. A constant theme of our analysis over the last few months has been the relationship between capacity - or more precisely excess capacity - and yields. A recent surge ...
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Routes
MAS boosts partnerships Malaysia Airlines has firmed up plans with Northwest Airlines for a long-awaited codesharing agreement that will take MAS closer to the Northwest/KLM alliance. The two signed a memorandum of understanding for the tie-up last February and seek governmental approval for the strategic partnership to take effect ...
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Routes
British Airways franchise operator British Regional Airlines has been cleared to take over services from Jersey in the Channel Islands to Southampton from KLM uk. Jersey European Airways and Aurigny had also been vying for the route. American Airlines and French rail company SNCF are to market jointly air-to-rail ...