All news – Page 6689
-
News
More than one
South Korea scrapped a single carrier policy which prevented its two international carriers from competing on many overseas routes. Meanwhile Korean Air has agreed to expand its codeshare agreement with Delta Air Lines into a global marketing arrangement. Source: Airline Business
-
News
Shaheen boosted
Investors led by a senior member of the Omani royal family are to take a significant stake in Shaheen Air International, Pakistan's second national carrier. Source: Airline Business
-
News
Amadeus flotation
Amadeus will seek a listing on the Madrid stock exchange for an initial public offering later this year. Source: Airline Business
-
News
FLS due diligence
FLS Aerospace restarted its due diligence of Team Aer Lingus and planned to complete the purchase by the end of September. Source: Airline Business
-
News
Aeroflot first
Aeroflot has secured a US$350 million syndicated loan, without government guarantees or repossession insurance, for the purchase of 10 Boeing 737s. This was the first major loan to a Russian borrower this year. Source: Airline Business
-
News
Debonair move
Low cost carrier Debonair is to launch its first London/Gatwick service in October, to Barcelona. Source: Airline Business
-
News
China all cargo
Beijing has decided to allow Chinese airlines to operate all-cargo flights. China Eastern Airlines quickly announced the start of China Cargo Airlines, a joint venture with China Ocean Shipping Co. Air cargo within China is growing faster than passenger traffic and is expected to accelerate. Source: Airline Business
-
News
Cargo chaos
The cargo crisis is subsiding at Chek Lap Kok and Hong Kong Air Cargo Terminals is the big loser. Not only did it lose $HK1 billion (US$129 million) a day during the chaos, but HACTL's near-monopoly franchise has been questioned. Air express carriers were big winners because they handled their ...
-
News
Kuwait privatises
A draft bill currently before the Kuwaiti parliament would transform Kuwait Airways Corporation into a public shareholding company. The first stage of privatisation would involve the sale of a 10 per cent stake to Kuwaiti employees along with a public offering. Source: Airline Business
-
News
Aircraft News
US Airways has ordered seven Airbus A330-300s with seven options and 16 delivery positions convertible to A300-200s or A340s. Deliveries will start in late 1999. United Airlines has converted 22 options into firm orders for 12 A320s and 10 A319s. Deliveries commence in 2000. Airtours has confirmed ...
-
News
The devil's in the detail
The European Commission's rulings on two transatlantic alliances will be poured over by interested parties before official comments are filed. Now that the European Commission finally has produced its conditions for approving the American Airlines/British Airways alliance, lawyers will be scrambling to examine the detail. The Commission's competition directorate, ...
-
News
Air Afrique in crisis again
Air Afrique hopes to overcome its worst crisis yet by privatising and forming a strategic partnership, but critics say the airline's chairman has mismanaged and should resign. The heavily indebted Côte d'Ivoire-based carrier, owned by 11 African states and Air France, has defaulted on payments for four Airbus A310-300s ...
-
News
Air-India fights losses
A report has claimed Air-India is fast slipping into a debt trap where its repayment commitments are so high that the airline could be forced to resort to further loans. 'Air India's net worth will turn negative by June 1999 if adequate funds are not infused immediately and the ...
-
News
Report weakens airport campaign
First, the good news. According to an official report, most of the runways in the US national airport system are in good to excellent condition. The bad news is that this may not be good for the airports. It will not be good news if the report, compiled by ...
-
News
Keeping score
Airlines need an accurate means of comparing the potential benefits of their various alliance options and, once the choice is made, to assess the costs and benefits to each partner. The argument about whether alliances are effective and therefore inevitable is over; they are both. The potential benefits to ...
-
News
Argentinian airport fray
Airlines are stepping up their campaign over rising charges in Argentina's recently privatised airport system but some believe this is flying in the face of standard airport practice. Iata led a high level delegation to the Argentinian government and regulators in early August to seek a revision of the ...
-
News
Slot sale ban challenged
The UKOffice of Fair Trading (OFT) has broadly accepted the European Commission's conditions for approval of the BA-American transatlantic alliance but has criticised the ban on slot sales and the demand that the US-UK market be opened to all European Economic Area carriers. The OFT's director general, John Bridgeman, ...
-
News
Bolivian feud rumbles on
The feud between Lloyd Aereo Boliviano (LAB) and Bolivia's current government is heading for a showdown. And while La Paz quarrels with its flag carrier, LanChile's plan to exercise fifth freedoms between Bolivia and Miami could set back relations with Chile. LAB's privatisation in 1995, when Brazil's VASP bought ...
-
News
Bouillioun still bullish
Boullioun Aviation Services has strengthened its claim on the number three spot among operating lessors by placing an order worth up to US$2.6 billion for new-generation Boeing 737s. With new financing for its subsidiary, Singapore Aircraft Leasing Enterprise (SALE), Boullioun continues to show its determination to keep growing despite the ...
-
News
Scandinavia takes color
The launch of a low-cost no-frills start-up in Norway has forced the incumbents to cut prices, but the new entrant will be facing tough competition. Color Air began flying out of Oslo to Aaselsund on 7 August and will expand its network to Trondheim and Bergen later in August, ...