All news – Page 6758
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East joins west skies
Peter Bennett The European Commission is set to begin talks with 10 nations from central and eastern Europe in a bid to conclude a comprehensive air transport agreement with the region. The agreement is likely to include cabotage rights for east European airlines, airline ownership rights and a full ...
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China seeks foreign cash
David Knibb Zhu Rongji may be starting cautiously as China's new premier, but his pro-market plans are clearly visible in recent aviation initiatives. Beijing is cutting its own spending as the Civil Aviation Administration of China considers whether to allow more foreign capital in airlines and how to attract ...
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Africa unloads its heavier debts
Alex Brummer Of all the world regions, over the last decade Africa has been the most neglected by statesmen, policymakers and the business and financial sectors. While other developing regions from Asia to Latin America have seen vast inward investment, running at US$250 billion a year, Africa has been starved ...
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Bob bows out to Carty
Karen Walker For a leader originally set against airline deregulation and then dismissive of strategic alliances, Robert Crandall's frequent description as industry innovator has been earned in a peculiar way. But Crandall's handing over the helm of American Airlines to Donald Carty should ensure that the Crandall legacy continues, ...
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Delta ties knot at last
Karen Walker To the relief of its new chief executive officer, Delta Air Lines has joined the US matchmaking game. But the planned strategic alliance with United Airlines has union and governmental hurdles ahead. The two airlines confirmed their alliance plans on 30 April. The pair say they will ...
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Taca lays into US open skies deals
Karen Walker Pop! That's the sound of Central American carriers reacting to the open skies agreements they were applauding just a few months ago, but which they now regard as black clouds that have opened the floodgates to US competition and left local airlines with little shelter. The bubble ...
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Who's ready for a cosy threesome?
And then there were three. If things work out as planned - and that's a big 'if' - over 80 per cent of the US airline industry will be in the hands of three alliance groups. Globally, the situation is less clear-cut, but the industry is moving in the same ...
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How does your airline grow?
Tom Barkin and Todd Morgan With most airlines failing to deliver satisfactory shareholder returns over the full business cycle, it is essential to look beyond the core business for profitable growth. But seeking out and exploiting the best opportunities is not easy. Airlines need to combine their unique capabilities or ...
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Indian policy starts afresh
Ravi Prasad The appointment of a new Indian civil aviation minister, Ananth Kumar, is translating into a fresh outlook for Indian aviation policy. The minister is scrutinising recommendations made by an expert group, headed by a senior civil aviation ministry official, to reassess India's aviation sector. Kumar promises ...
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Will sun rise in Japan?
David Knibb After a bad year for all three major Japanese airlines, the debate is now whether their woes are temporary or due to deeper, more fundamental problems. Japan Airlines claims to have resolved its problems and cleaned up its balance sheet by taking a US$1.2 billion write down. ...
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Korean sees hope ahead
David Mann Despite gloomy economic conditions in Korea, Korean Air remains bullish about its prospects. The airline aims to increase its operating revenue to US$3.5 billion this year, up from US$3 billion in 1997. And its optimism does not appear entirely misplaced. Salomon Smith Barney's Peter Negline agrees that ...
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Korea opens up its skies
David Knibb Both Koreas have taken strides towards liberalisation as South Korea agrees to an open skies bilateral with the US and North Korea allows regular commercial overflights. The South Korea-US bilateral was sealed in late April, after three rounds of tough negotiations in which Seoul successfully held out ...
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NW finds a PAL
Northwest Airlines is discussing buying a stake in Philippine Airlines. Under Philippine law, PAL could sell up to 40 per cent to foreign investors. PAL is also studying a spin-off of several departments, including engineering, and negotiating a maintenance joint venture with Lufthansa. Source: Airline Business
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AIR evaporates
Aero International Regional, the British Aerospace, Aérospatiale and Alenia regional aircraft joint venture, is to be dissolved by June. This comes after December's decision to abandon a joint project to build a 70-seater jet. Source: Airline Business
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Oz to rescue Air Niugini?
David Knibb While Papua New Guinea's government ponders whether to accept Qantas Airways' offer to take over management of Air Niugini, the ailing PNGcarrier is slashing international services in an effort to stem its losses. PNG's prime minister Bill Skate has asked Qantas to manage government-owned Air Niugini and ...
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Peru opens skies first
Peru has leapfrogged past Chile in its open skies negotiations and agreed to a deal that phases in liberalisation over four years. The open skies agreement was initialled on 9 May but not made public by presstime. The deal follows the pattern of recent treaties signed with Japan and ...
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Ryanair passes go in Europe
Tom Gill With soaring profits, share price and traffic, Europe's largest and longest established low-cost airline may yet achieve its ambition to be the Southwest of Europe. But as it strives to continue its profitable growth path Ryanair can expect to cross swords with the new British Airways ...
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SAA moves key players
Roger Makings Transnet's board of directors decided to oust Zukile Nomvete from his position as executive director of South African Airways on 8 May, following the airline's dismal performance during his two-year stewardship. Sources within SAA predict that Mafika Mkwanazi, deputy managing director of SAA's parent company, Transnet, will ...
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SAA will be sold on
Roger Makings The partial privatisation of South African Airways will go ahead as planned, despite a series of setbacks which threaten to delay the deal. The Minister of Public Enterprises Stella Sigcau under whose department SAA falls, says that although the first deadline has been missed, the 31 October ...
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Lufthansa to fight EC plan
Tom Gill Lufthansa is threatening legal action against the European Commission if it proceeds with plans to force it to relinquish slots at Frankfurt. Lufthansa is prepared to proceed to legal action in the EuropeanUnion Court of Justice if necessary, it declares. The German flag carrier's comments came ...