All news – Page 6734
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No pals left
Philippine Airlines fired most of its striking 600 pilots, who defied a return to work order, in June. The strike was costing the airline up to US$3.8 million a day. Source: Airline Business
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French space
The French government has given Aérospatiale chairman Yves Michot a mandate to sell stakes in the company and list its shares on the stock exchange. The timing and the amount of capital involved are uncertain. Source: Airline Business
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Wolf at door
US Airways has elected Rakesh Gangwal as president and chief executive officer. Stephen M Wolf will continue as chairman and chief executive officer of parent US Airways Group. Source: Airline Business
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Where's the glue
The major alliance groups are each taking different approaches as they try to balance the need for IT integration against potential divorce. When United Airlines' chairman Gerald Greenwald announced the planned alliance with Delta Air Lines, he pointed to IT as one of the major hurdles that would determine ...
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Are you IT- compatible?
Anybody who has not realised that strategic alliances between airlines are the future of the industry must have been asleep for the last few years. But as the major alliance groups seek to implement the close ties their strategists have planned, they are becoming acutely aware of a painful reality: ...
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No baulking at Balkan bid
Up to five bidders are expected to submit firm offers for Bulgarian national carrier Balkan Airlines, as the next privatisation hits the region. The Bulgarian government says it wants to find a strategic rather than financial investor for up to 75 per cent of Balkan, but adds it would ...
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Taiwan curbs CAL growth
Taiwan's decision to ban new aircraft orders by China Airlines is viewed by industry insiders as designed more for public consumption than any real advance in air safety. Citing the fatal February crash of a CAL jet at Taipei's international airport, the Ministry of Transportation and Communications has temporarily ...
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Cathay coy over partner
Cathay Pacific remains coy about which global alliance grouping it will ally itself with as speculation mounts over potential bedfellows. Cathay's alliance talks are progressing with virtually all major carriers and groupings in the industry, and a decision will be made within six to nine months, says Cathay managing ...
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Chinese join global pack
Chinese flag carrier Air China has become the first Chinese airline to enter fully into an international alliance, but its decision is likely to trigger similar alliance moves from other Chinese carriers. Air China is set to join a strategic alliance with Northwest Airlines and its partners Continental Airlines, ...
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China stops cheap deals
So much for China's experiment with deregulated air fares. Wide-open pricing, which led to discounts of up to 50 per cent, ended in May when the Civil Aviation Administration of China tightened limits on how much airlines could vary ticket prices. Last November the CAAC gave airlines an almost ...
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Comair lists in Jo'burg
Comair is to become the first South African carrier to seek a listing, and is to debut on the Johannesburg Stock Exchange this July. Comair's chairman, Dave Novick, hopes the listing will value the company in excess of R1 billion (US$200 million). A prospectus was expected to be issued ...
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Russian recovery: rough ride ahead
The re-emergence of financial instability in Russia could not have come at a worse moment for the global economy. Although the advanced western economies (except Japan) look robust, much of the rest of the international economy is looking increasingly vulnerable. The crisis in East Asia rolls on, with currencies and ...
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Alliances: three forgotten factors
Stop. Wait. Listen. Think. The whole world is alliance-mad. The fanatical alliance worshippers of this world might think this is heresy, but a fundamental question needs to be asked. Is the crazy web of continuously changing alliance relationships actually going to produce workable results? Alliance-building is basically an egotistical ...
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New jets are Child's play
Fairchild Dornier must be feeling loved. According to its senior managers, the company is knee-deep in 'expressions of desire' for the four new regional jets that it launched in a single day. But questionmarks hang over the true level of interest in these regional jets, especially in the 70-seat and ...
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A first class idea
While the rest of the airline industry promotes the idea of no-frills, virtually fat-free flying, Midwest Express is pampering its passengers with premium service. Meanwhile, in France Fairlines hopes to emulate this success. A handful of peanuts and a dribble of Coca-Cola never satisfied anyone, least of all an airline ...
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French pilots kick up fuss
A further reduction in costs is the key to Air France's partial privatisation later this year, but pilots are strongly resisting cuts in their salary. A strike over a 15per cent cut in pilots' pay started 1 June and is costing the carrier FFr100 million (US$16.7 million) a day, ...
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Indians lower airline stake
The Indian government is to reduce its stake in Indian Airlines from 100 per cent to 49 per cent over the next three years as part of its strategy to turn the flag carrier around. The government has decided to restructure the airline's capital base and reduce its equity ...
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Isles single out air deal
Island nations scattered across the tropical Pacific have agreed to study whether they should form a single aviation market and negotiate air service agreements as a bloc. The 14 island nations, which range in size from Papua New Guinea to tiny Tuvalu and span an ocean area larger than ...
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A leadership role
Swissair's new president and CEO, Jeffrey Katz, thinks leadership is vital - both within the airline and among its alliance partners. Since his arrival in the president's office at Swissair this January, Jeffrey G Katz has been trying not to make too many waves. But a change in corporate ...
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Race for the bronze
Aircraft lessors are jockeying for position as Asian airlines start to think more seriously about operating leases. No-one is challenging the two giants. International Lease Finance Corp and General Electric Capital Aviation Services remain the top aircraft operating lessors. But a three-way race is on to see who will ...