All news – Page 6735
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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 ...
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Lessors tap public cash
A recent wave of public offerings by aircraft lessors signals a search for new ways to raise money in what has always been a capital-intensive business. Miami-based UniCapital represents the latest in the trend towards public offerings that started less than a year ago. UniCapital was formed last October ...
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Aer Lingus is to lose Team
With the disposal of an unprofitable non-core subsidiary finally on the horizon, Aer Lingus now has to confront the bigger questions of ownership and alliances. At presstime the management of the Irish flag carrier had still not convinced the 1,550 strong workforce of its unprofitable aircraft maintenance arm, Team, ...
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Love lost in Dallas brawl
US regional airline Continental Express has begun flying from Dallas/Love Field, becoming the latest carrier to join a surge of interest in the city's downtown airport despite legal attempts to stop the growth. The airport has become a hotbed of controversy, with lawsuits and countersuits flying across Texas. In ...
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Making waves
With a new regional venture, a consultancy and plans to invest in an African carrier, Air Mauritius is taking an increasingly aggressive stance in exploiting its standing in the region. When Air Mauritius chairman and managing director Nashir Mallam-Hasham arrived at his new desk a little over a year ...
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Narita nears new runway
The second runway at Tokyo/Narita airport moved a step closer to reality in late May when another of the holdout farmers declared he was willing to sell. Japan's Ministry of Transport has taken the unusual step of predicting a date for opening Narita's second runway, even though two reluctant ...
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Star members
Air New Zealand and Ansett Australia have signed up for the Star Alliance following the grouping's first anniversary. The airlines will become full members in 1999 and take the number of global destinations served by Star to over 700. Source: Airline Business
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Spanish accord
American Airlines and Iberia have begun a marketing agreement. American is to place its code on Iberia flights from Madrid to Miami, and from Madrid to New York/J F Kennedy and San Juan, PuertoRico, from 10 June. On 1 July, American will place its code on Iberia flights beyond Madrid ...
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Pilot protest at Northwest
Although the proposed alliance with Continental Airlines is said not to be high on the list of union concerns, management at Northwest Airlines is nevertheless struggling to reach agreement in contract negotiations with its pilots. The stalemate is bound to slow progress on the planned alliance, which depends on ...
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Feeding frenzy
The small regional jet has become firmly established as a significant competitive weapon for feeding the North American majors' hubs. If all the regional jets now on order and option by US carriers were delivered tomorrow, the collective number of seats would exceed that provided by all the regional ...
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US alliances face scrutiny
The US General Accounting Office has planted serious seeds for concern in politicians' minds by claiming that proposed US domestic alliances could mean a reduction in competitive service to almost 101 million American passengers. The GAO highlights the Delta Air Lines/United Airlines partnership as especially worrying because of its ...
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US airports face review
If major US airports thought they were immune from the Department of Transportation's surge of interest in anti-competitive behaviour, they can think again. DOT secretary Rodney Slater is establishing a taskforce with airports in mind. Details of what the taskforce will be looking at are not yet clear, although ...
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Regionals prepare to play politics
The folks in Ohio and Kentucky have been provided with an infinitely easier path to paradise. On 6 June, a nonstop flight was launched that will transport sunseekers the 1,053 miles from Cincinnati-Northern Kentucky Airport to Nassau in the Bahamas each Saturday and Sunday. It is not a major ...
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'Production issues' put 757-300 first flight back by three weeks
Guy Norris/LOS ANGELES First flight of the stretched 757-300 has slipped three weeks and is now planned for about 24 July, because of "production related issues", says Boeing. The manufacturer says that the aircraft "-is not the problem", but that overall production issues at the site in Renton, Washington, are ...
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American and BA compromise to break alliance deadlock
Guy Norris/LOS ANGELES American Airlines has guaranteed not to fully implement its proposed alliance with British Airways until 14 slots have been made available to enable other airlines to begin new daily services between the US and London Heathrow. The US airline believes the compromise could help break ...
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American ponders DC-10s' fate
Guy Norris/DALLAS FORT WORTH American Airlines will decide on the fate of its remaining McDonnell Douglas DC-10s by the end of the month as part of a major restructuring process that will see its total jet fleet increase to more than 700 aircraft from 2000 onwards. "By the ...
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ARIA fumes over tax delays
Aeroflot-Russian International Airlines (ARIA) has hit out at the Moscow Government for delaying signature of a decree exempting the airline from paying taxes on imported aircraft. Speaking during the delivery of ARIA's first Boeing 777, director-general Valeri Okulov (son in law of Russian president Boris Yeltsin) criticised the Government, saying: ...
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Air Canada sells Air Alliance
Air Canada is selling its Quebec regional airline, Air Alliance, just two weeks after Canadian Airlines International sold its Quebec feeder, Inter-Canadian, to private investors. Air Alliance has been a drain on Air Canada's finances for several years. It lost several million dollars last year because of a prolonged ...
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Next Generation 737 CFM56 failure was a 'one-off', says CFMI
Initial investigations into the failure of a bearing on a new CFM56-7 powering a Maersk Air Boeing 737-700 show that the incident was a "one-off", says CFMInternational (CFMI). The Maersk aircraft, delivered to the Danish operator in early March, suffered "a complete failure of the number four bearing" on ...
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Fiji Airways details structure as new status is approved
Fiji Airways has revealed more details about its structure and planned flight operations, following the Fijian Government's agreement, in principle, to designate the start-up as the island's second international airline. Local accountant Neil Underhill has been named chairman. To comply with majority local shareholding rules, Underhill has a 2% ...