All news – Page 6535
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News
PAL creditors back rehabilitation plan
Philippine Airlines (PAL) has received its first real piece of good news since June, as some of its biggest creditors back a make-or-break rehabilitation plan. The airline, which has been in receivership since June with a debt of more than $2.2 billion, filed the new plan with Manila's government-backed Securities ...
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Israeli skies are opened up
Israel has laid down the basis for a competitive airline industry. Not only has the Government granted international passenger rights to domestic carrier Israir, it has also licensed the Tel Aviv-based air transport company, Cargo Airlines (CAL), to compete fully with El Al on international freight routes. Against ...
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FAA sees growth continue
The US Federal Aviation Administration has unveiled its latest commercial aviation forecast showing continued growth in the US domestic market and an even stronger rise in international markets. In the immediate term, the FAA believes that the US domestic market will see passenger numbers rise again by 2.4% ...
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Canada bests Brazil in export tussle
Canada is claiming victory in its long dispute with Brazil over regional aircraft export subsidies, but the extent of its victory is unclear. A World Trade Oganisation (WTO) panel has ruled that Brazil's Proex export finance programme is an illegal subsidy and should be removed. Bombardier says Proex has ...
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US carriers brace for Atlantic fare wars
A $99 one-way introductory fare from United Airlines for its new Boston-London route has carriers on both sides of the Atlantic braced for a fares war. Analysts say the deep cuts being seen this year over the Atlantic is inevitable, given the extra capacity diverted to this market from ...
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News in brief
ProAir eyes public - Detroit-based ProAir plans to go public this year. The new entrant carrier is completing its final, $30 million, private placement and is planning an initial public offering. ProAir, which has received a fourth Boeing 737 and plans to add five this year, aims to add to ...
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THY awaits election, privatisation
THY Turkish Airlines is awaiting the country's national elections on 18 April with bated breath, as its future privatisation and relationship with Qualiflyer partner Swissair hang in the balance. The hope is that a strong coalition government will emerge with the political backing to implement a package of ...
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News in Brief
New Cambodian - A new carrier, President Airlines, has been launched in Cambodia. It operates a single Fokker F27 on four domestic routes from Phnom Penh, plus charters to Bangkok in Thailand and plans to start scheduled services to Bangkok and Singapore. Opening up - Brunei and New ...
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Mexicans divided over Cintra
Mexican ministers have failed to agree on the future of Cintra, the holding company for Aeromexico and Mexicana. Unless they find a way to resolve their differences, the issue could be decided by Mexico's President Zedillo. The immediate question is what sanctions the competition commission can impose on Cintra ...
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Routes
Southwest flies east - Southwest Airlines plans to begin services from Raleigh/Durham, North Carolina, on 6 June, in its latest move into the US East Coast market. The low-fares airline will offer daily nonstop service to five cities: Baltimore/ Washington, Chicago Midway, Nashville, Orlando and Tampa. Raleigh/ Durham-based Midway Airlines ...
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Fine extends range with Arrow addition
Fine Air's purchase of Arrow Air could make it the largest of Miami's all-cargo international airlines, and will certainly extend its reach into South America. Fine Air has been seeking growth through acquisitions for some time. Last year it completed a $120 million bond offering that insiders predicted ...
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Swissair resists Air France deal
Any remaining speculation that Swissair could be headed for an alliance with Air France has been brought to an abrupt end, with group chief executive Philippe Bruggisser taking the opportunity of the SAirGroup annual results round to kill the possibility stone dead. Speculation had rested on the alliance ...
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Zurich Airport put on notice over capacity
Two years ago, as he made his debut as SAirGroup chief executive, Philippe Bruggisser raised a local political storm by pulling back the bulk of Swissair's intercontinental flights from Geneva to the main Zürich hub. Now he has issued a blunt warning that Zürich "is in danger of losing its ...
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Brussels gears up to tackle aviation
The mass resignation of European Commissioners could hardly have been poorer timing for those in Brussels gearing up to tackle major issues in aviation. Brussels had planned to start the year running with initiatives spanning everything from alliances through to Eastern Europe and the environment. The Competition Directorate ...
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Malev restructures and hunts for partners
Hungarian flag carrier Malev is gearing up to join one of the global alliance groupings while pushing ahead with a restructuring programme. New chief Antal Pongracz is keeping its options open, but re-opening talks with British Airways, which broke off last May, will be high on his agenda. ...
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Three's a crowd
The narrowbody engine market has heated up since International Aero Engines snatched the market lead from CFM International on the A320. And a third competitor, Pratt & Whitney, is set to make the chase even more intense. Report by Karen Walker. A large banner hangs over workers at the CFM56 ...
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News in Brief
BA's pilot deal - BA has sealed a comprehensive agreement with pilots union BALPA, which provides pilots flying for its controversial long-haul charter arm AML and short-haul routes out of Gatwick with the same terms and conditions as BA mainline pilots. In return pilots have agreed to relax some flying ...
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Malaysia's spring clean
A house-cleaning exercise appears to be taking place at Malaysia Airlines (MAS), as the loss-making airline undergoes a major shake-up in its top ranks. In mid-February, MAS, which in the second half of the last calendar year had a debt of 11.8 billion ringgit ($3.1 billion) and was ...
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SAA profits just in time
After a radical restructuring, South African Airways (SAA) has claimed it is again profitable just as the South African Government confirmed the timetable for its privatisation. The corporatisation of SAA as a separate entity will be completed by the end of March. Privatisation is on schedule for mid-June with ...