All news – Page 6627
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News
End of the road for Southern
Having failed to find a rescuer, Southern Air Transport (SAT) ceased operations at the end of September. The US cargo carrier, which had operated for more than 50 years, was largely hampered by its fleet of Lockheed L-100 Hercules, which left it as an oddball in today's freighter market and ...
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China freezes new fleet orders
In response to China's worsening markets, Beijing will approve no more aircraft orders for China's airlines, says Liu Wanming, planning division chief for the Civil Aviation Administration of China (CAAC) Liu stresses that the CAAC's freeze does not affect existing orders, but several carriers are already trying to defer ...
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FLEETS
Jet convenience Ansett regional operator Kendell Airlines is to acquire 12 new 50-seat regional jets to upgrade its network in Eastern Australia. The new aircraft will be introduced from November 1999, but no decision has been made between the Bombardier Canadair CRJ-200 and Embraer RJ-145 models. ...
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Indian Airlines raises fares
Burdened with a depreciating rupee and rising operating costs, Indian Airlines has again hiked its fares, this time by just over 11%. The latest rise, which took effect at the start of October, is the tenth since 1990 and comes less than a year after the airline last announced a ...
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as sell-off row surfaces
India's mercurial foreign ownership rules are again causing controversy, with an apparent split between ministries over whether airline partners will be allowed to buy shares in either Air-India or Indian Airlines as they come up for privatisation. Civil aviation minister Ananth Kumar plans strict enforcement of the domestic aviation ...
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Japanese react to recession
Japan Airlines (JAL) and All Nippon Airways are both accelerating plans to restructure in response to falling yields. As the two carriers prepared to announce first-half results at the end of October, neither was expecting to hit previous forecasts. "Japan's recession is JAL's fundamental problem," says Isao Kaneko, the ...
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Nigeria back to London
Nigeria Airways is edging its way back onto the Lagos-London route, which it was forced to abandon 20 months ago after a safety row ignited between Nigeria and the UK. A deal has now been agreed with British Airways, under which the Nigerian flag carrier will partner BA on a ...
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PAL stumbles on way back
Philippine Airlines (PAL) resumed domestic services in October, but has put plans to restart international flights to Hong Kong, Tokyo, Los Angeles and San Francisco on hold. Requests from potential investors to hold off and so far inconclusive negotiations for the return of two Boeing 747-400s, seized when the airline ...
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SAA gets competitive
South African Airways (SAA), now under its new chief executive Coleman Andrews, has laid out plans to give British Airways much stronger competition on the lucrative London routes and may be seeking closer ties with Virgin Atlantic to help achieve its goal. SAA recently poached Virgin's general manager for ...
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Sun Air seeks a listing
A second South African carrier, Sun Air, is planning to seek a listing on the Johannesburg stock exchange. Comair, which operates under a franchise agreement with British Airways, listed in July and Sun Air now plans to follow suit in around 2000. Managing director Johan Borstlap says that he ...
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Taiwan and China edge closer
The prospect of direct flights between Taiwan and China suddenly looks brighter. Prior predictions have all proven wrong, but now there are signs that such flights could follow a warming in relations. First, there have been recent breakthroughs in shipping. Taipei has previously said that shipping could be a ...
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World economic outlook is bleak
There was no disguising the universal gloom as the International Monetary Fund (IMF) issued its latest World Economic Outlook report - regarded by economists around the world as the most authoritative of international economic projections. Even the USA, which has enjoyed seven years of unprecedented growth, now looks close ...
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Current outlook
There are still some glimmers despite the gloom, it seems. Although there is little doubt that the world is poised for downturn, the latest projections coming out for the airline industry, if not exactly buoyant, are at least cautiously optimistic. The new passenger forecasts from the International Air Transport ...
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Why slots maynot be enough
Airline competition authorities may be looking in the wrong direction with demands for slot surrender to tame the global alliances. As the champions of competition continue to do battle over transatlantic airline alliances, it may be worth taking time out to reflect on exactly what they hope to achieve and ...
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Aeroflot postpones issue
Aeroflot is to defer its planned issue of American Depository Receipts (ADRs) in response to "unfavourable conditions on the world's stock markets", according to the carrier. The issue on 5% of its stock was planned for the end of the year and the decision to postpone comes as a ...
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Air France faces domestic challenge
The going promises to get tough for Air France as European competitors take up positions in its home market, snapping up some key French regional carriers. In the latest deal, Swissair has stepped in to acquire a 44% stake in Air Littoral. The partnership now gives Swissair a ...
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Balkan and Malev face sale
The Bulgarian Government is on the verge of selling a controlling stake in its national carrier, Balkan Bulgarian. The buyer is a locally based consortium, calling itself Balkan Air, made up of management, local financiers and a US institutional investor. The original offer is understood to be a straight ...
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Mega-merger cooks up charter consolidation
Consolidation in the UK holiday market has created a third vertically integrated giant, with the announcement that Thomas Cook is to grow again through a merger with the Carlson Leisure Group. Thomas Cook, which has only just swallowed Sunworld and Flying Colours, will now emerge as a $40 billion travel ...