All news – Page 6646
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Air India may seek equity
The efforts are on to sell the Indian Government's majority shareholdings in Air India and Indian Airlines. In September, the Disinvestment Commission drafted a detailed plan to sell the 60% stake in Air India, and finance minister Yashwanth Sinha announced the disinvestment of 51% of Indian Airlines. The commission ...
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Lease for SALE
Dubai-based Emirates has converted one option for an Airbus A330-200, adding to the 16 Rolls-Royce Trent 700-powered A330s it already has on order. The previously announced order for six A340-500s, and options for 10 more, was signed on 8 September. The airline has also said it will lease Singapore Aircraft ...
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Sydney's second airport in doubt
Support for a second Sydney airport is shrinking fast, and even the optimists have given up hope of a new airport being open when Sydney hosts the Olympic Games in 2000. A final environmental study (EIS) is still due later this year but is unlikely to reverse the declining ...
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Cost cuts lift Qantas and Air New Zealand
Cost-cutting continues to underpin strong financial performances by Australasia's two main international carriers, Qantas and Air New Zealand, while the region's third biggest carrier, Ansett, prepares radical measures to fix its cost problems. Investors remain worried by Qantas' exposure to Asia, in spite of management efforts to reduce that ...
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Asians climb out of currency crisis
Two of the flag carriers worst hit by the Asian currency collapse - Philippine Airlines and Indonesia's Garuda - have taken vital steps back from the abyss. PAL has resolved key labour problems while Garuda has renegotiated crippling US-dollar aircraft leases and gained government approval to increase domestic fares. ...
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The rouble plays Russian roulette
First it was the crisis in South East Asia. Now it is meltdown in Russia's financial system that is spreading panic in global markets. The lesson from Asia is that what may start with currency collapse swiftly and inevitably translates into damage for the real economy of production, output and ...
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A question of ownership
For all their advantages, global alliances can go only so far while the issue of foreign ownership remains unresolved US and UK negotiators sit down this month to thrash out a new open skies bilateral. They will face a barrage of pressure from anxious onlookers keen to see their interests ...
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EC faces tussles over slot sales
As US-UK open skies talks remained scheduled for early October, a clarification of the UK Government's position on the British Airways-American transatlantic alliance was awaited. In deciding how many slots the prospective alliance partners will have to relinquish at London Heathrow and Gatwick airports and whether or not they ...
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BA buys Airbus
British Airways has placed its first order with Airbus Industrie, confirming a deal for 39 A319s and 20 A320s, plus 129 options for a mix of A319s, A320s and A321s, with deliveries starting in September 1999. BA has also ordered 16 more Boeing 777-200s. Source: Airline Business
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British Airways GOes into cut-throat price battleground
Less than five months after British Airways started up its controversial low-cost operation at London Stansted, GO has sparked off what promises to be a cut-throat price war in Europe. The battle began on 7 September, the day before GO launched onto the high density London-Edinburgh route. Determined to face ...
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Spanish launch
New Spanish regional European Regions Airlines (ERA) has outlined preliminary plans for a start-up early next year. The airline will base two ERJ-145s at Vitoria, from where it will develop a route network which will initially serve London, Paris, Stuttgart and Amsterdam. Source: Airline Business
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Russia crisis hits home
A contraction in the Russian airline industry is now almost inevitable, after nearly a month of financial uncertainty left the rouble heavily devalued from its level of mid-August. The devaluation will almost certainly lead to a general economic downturn in Russia with passenger numbers and cargo traffic both dropping off ...
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No limit to liabilities
The crash of Swissair's MD-11 last month could become something of a legal test case. The Swiss carrier is the first signatory to the International Air Transport Association's inter-carrier passenger liability agreement to have suffered a major crash. Insurers and lawyers are watching closely to see the size of damages. ...
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Swiss face testing times
Swissair certainly has its plate full. While the carrier is making forays into neighbouring Italy competition from lower cost operators is growing at home. After a string of false starts, Swiss World Airways (SWA) has got off the ground at Geneva, following Swissair's decision 16 months ago to move ...
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Braathens raises Swedish stakes
The battle for dominance in Scandinavian skies has taken another twist, with Norway's Braathens taking over Swedish regional Malmo Aviation. The SKr600 million ($74 million) acquisition is the latest in a series of aggressive manoeuvres, redrawing the aviation map of Scandinavia. Braathens has already taken over Transwede (now Braathens Sweden), ...
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West beats Asia retreat
As western carriers continue their retreat from Asia, the region's airlines are starting to fill in some of the gaps. This capacity redeployment by the foreign majors has given Asian alliances a welcome boost. New schedules effective 25 October show a continuing shift of non-Asian capacity out of the ...
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Bank bailout clouds Cintra
The Mexican Government's hopes of selling its stake in Cintra, the holding company for Aeromexico and Mexicana, are snagged in a $62 billion bank bailout dispute that has become a hot political issue. The dispute centres on whether the government should own Cintra shares. When the government became a ...
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Pilots kill Delta pact with United
Delta Air Lines and United Airlines have scaled back plans for a virtual merger after the withdrawal of support from Delta's pilots. The failure of this, the largest of the proposed US domestic mergers, raises doubts over the extent to which the other US carriers will pursue alliance plans. ...
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Hercules ends Fine merger
Fine Air and Southern Air Transport have scrubbed merger plans after failing to agree what to do with Southern's Lockheed L-1011 Hercules. The two US second-tier cargo carriers will go their separate ways, even though Miami-based Fine wants to expand its Latin American and Caribbean network. Fine was interested ...
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The price of peace
Airbus and Boeing kicked off the Farnborough air show with modest price rises, giving the first signs of a truce in the cut-throat battle for market share After years of undignified acrimony it seems that the feuding could finally be over. As the aerospace world gathered for the Farnborough air ...