All news – Page 6690
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News
Beware treading the bear market
The world economy is in precarious shape.The Asian crisis is expected to cut growth by over one third in 1998. The Japanese economy will contract by at least 1 per cent, prolonging the slump throughout the East Asia region, despite the big expansion package put in place in Tokyo. The ...
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Airline News
Transbrasil and TAP Air Portugal began codesharing on services between Lisbon and Sao Paulo, Rio de Janeiro, Salvador and Fortaleza on 30 June. TAP intends to expand in Brazil via Transbrasil's domestic network, as part of an agreement signed in 1997. Swissair was to begin codesharing with THY Turkish Airlines, ...
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Profits for better and for worse
Airline profits may be at an all-time high but can the industry keep them there? It's just déjà vu all over again. So a disillusioned sportsman is said to have remarked on seeing his team once again collapse to defeat. There may be more than a few in the airline ...
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Indian policy up in the
Even after six years of liberalisation, the Indian aviation sector is groping for direction. There is no consistent policy and the Civil Aviation Ministry has amended wet-leasing guidelines less than a month after banning the practice. The Foreign Investment Promotion Board has again deferred its decision on the Rs14 ...
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Two set for Tokyo launch
Japan has taken several more steps towards deregulating its skies by liberalising overseas fares and licensing two new domestic airlines. The Ministry of Transport is promoting fares competition by allowing higher discounts on international tickets. From October, fares for overseas tours may be 35 per cent below International Air ...
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Startup fills Vegas niche
A planned new Las Vegas-based airline differs from previous contenders in that its backers, two of the largest casino companies in the US, have a strong vested interest in its success. National Airlines expects to begin operations in early 1999 and has already raised more than US$50 million in ...
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Cintra stake changes over
The Mexican government is trying to distance itself from the management of Cintra, the holding company for Aeromex-ico and Mexicana Airlines, even though plans for a sale of Cintra shares, including those owned by the government, have been delayed. The federal government has decided to transfer its 10 per ...
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Kinnock acts on Malpensa
Signals in early July that Italian transportation minister Claudio Burlando and EU Transport Commissioner Neil Kinnock may be moving towards some sort of compromise on the opening of Milan's new Malpensa airport have proved unfounded. Talks between the two broke down in mid-July and the row has now escalated to ...
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Aces trumps
Bogotá has convinced Washington that Aces can fly new Airbus A320s to the US even though Colombia remains in category 2. Category 2 freezes US routes and fleets for foreign airlines, but Aces' tests and pressure from Colombian officials convinced the FAA to exemptthe airline's new jets. Source: Airline ...
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Safety concerns
The Philippines authorities have suspended domestic carrier Grand Air's operating licence for alleged safety violations and stepped up the supervision of six carriers, including Philippine Airlines. Source: Airline Business
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Pilots fear US alliance
Concern over job security in light of the proposed alliance with Continental Airlines has emerged as the key issue that could lead Northwest Airlines' pilots to strike from 29 August. The pilots' union says that, contrary to company statements, the dispute is about protecting jobs, not pay. The Air ...
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United's answer to Travelocity
UAL, the parent company of United Airlines, is somewhat belatedly taking a more aggressive tack in selling its online services. For several months United has been offering tickets on its world wide web site including weekly deeply discounted, Internet-only fares, actions most of its competitors took months ago. More ...
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PAL fights for survival
Philippine Airlines' future hangs in the balance as it prepares a plan to avoid bankruptcy. PAL's interim receivership committee is being supervised by the Philippine Securities and Exchange Commission as it works towards the SEC's 21 September deadline. PAL is struggling to survive an ill-fated fleet expansion and Asia's ...
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Peru vies for US markets
Peru's airlines are scrambling to claim more than their current one-quarter share of the Peru-US market in the face of a growing invasion by US and fifth freedom airlines. Three Peruvian carriers are vying to enter the US market, which has doubled over the last eight years, sparking a ...
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Portugalia floats solo
The risky decision by Grupo Espirito Santo (GES) to seek a stockmarket listing for Portugalia rather than merge it with flag carrier TAP Air Portugal took the market by surprise at the end of July. GES controls 80 per cent of the airline, valued at Esc16 billion ($88.18 million). ...
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Strong on caution
Qantas needs to respond quickly to market conditions yet its managing director, James Strong, refuses to be rushed into any major decisions. If he has said it once, he has said it in a dozen ways: 'There's no use charging around the place; you don't just snatch at things ...
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Cockpit culture change
The public image of the Asia-Pacific airlines has been shattered by 12 major crashes, raising safety issues which are providing fertile ground for experts in crew resources management. In the months after a Korean Airlines Boeing 747 hit a mountain in Guam last August, killing 228 people, KAL pilots ...
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SIA moves to link with CAL
Singapore Airlines' latest linkup - with China Airlines - offers few clues as to whether it will join the Star Alliance. The agreement by Singapore Airlines and China Airlines to form a strategic partnership caught many by surprise because it does not follow the pattern of pacts between members ...
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A time for celebration
While 1997 certainly broke all industry records for profitability, there were already dark clouds on the horizon as the effects of the Asian currency crisis began to make themselves felt. There will be worse to come this year as economies in the region continue to slow. So while the ...
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Recipe for reform
Romania's national airline still hopes to attract a western partner, if only the economy would improve. Take one battered old airport, add a few old Russian aircraft, and then throw in years of political instability. Stir with economic collapse, simmer for nine years, and serve with a garnish of ...