All news – Page 6825
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Cintra faces censure
By delaying its initial public offering, the holding company Cintra has dodged calls for separate offerings of shares in Aeromexico and Mexicana, but it still faces heat from several quarters. AeroCalifornia, one of Mexico's two major independent airlines, has become the most outspoken critic of Cintra's practices and ties ...
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Asia is the trigger for IMF reform
The Asian crisis, which reached its peak at the turn of the year, is now moving into a second phase. The effects of financial disruption across the region are being felt in the real economy: corporate earnings from the region have been devastated, operations rationalised, jobs cut and orders for ...
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US-Japan: is this the finish post?
The new US-Japan civil aviation bilateral might go down in history as the agreement that metamorphosed from a full open skies prospect into a reality check. Given the increasingly obvious premise that full open skies was not on the table, it eventually came down to the US Department of ...
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Airline News
Japan Airlines is scheduled to introduce a three times weekly service from Nagoya to Los Angeles, a twice weekly service between Nagoya and London/Heathrow and a weekly Hiroshima to Honolulu service, as well as a daily Fukushima to Sapporo operation this April. United Airlines is due to introduce a ...
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And then there were four . . .
The latest 'virtual merger' means four airlines have 70 per cent of the US market. The airline alliance dance has moved into a new phase with the announcement of the virtual merger between Northwest Airlines and Continental Airlines. The entire industry is still trying to digest the implications of this ...
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Enter the eurozone
Airlines need to get to grips with the pricing and IT issues that are posed by the planned arrival of Europe's single currency on 1 January, 1999. Report by Gemini's Keith Turner. A year ago it was debatable whether Economic and Monetary Union (EMU) would ever happen. Since then there ...
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1997 at a glance
January Boeing and McDonnell Douglas announce plans for a $13.3 billion merger. Norwegian travel agents threaten to sue SAS over plans to reduce commissions. Delta Air Lines winds down its Frankfurt hub, ending its intra-European services. Swissair, Austrian, Sabena and Delta establish a revenue pool on the North Atlantic. A ...
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Indians clash over cash
A war of words is developing between the Indian finance and aviation ministries, over whether fresh public funds should be poured into ailing Indian Airlines. The finance ministry is reluctant to back Indian Airlines' restructuring plan, prepared by the Kelkar Committee - India's equivalent of the group of Wise ...
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Dutch courage pays off
KLM is now in the major league of global alliances. But the carrier still needs to select an Asian partner while noise restrictions at its hub threaten its development. Leo van Wijk, president and chief executive officer, talks to Lois Jones about the challenges facing KLM.At 10.30 am precisely ...
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Latin race heats up
Even before the American-Tacapact gets final approval, it is sparking a flurry of competitive reactions from other UScarriers, set on improving their own Latin American positions. The US Department of Transportation's tentative approval of the American-Tacadeal last December has pushed Continental Airlines to apply to fly to six Central ...
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Champion of the cause
Senator John McCain is on a mission to secure a more competitive US airline industry. His legislative proposals include freeing up more slots for startups and smaller airlines, prompt action against predatory behaviour, and increased airport funding. Report by Karen Walker.'He can be a powerful friend or a formidable foe,' ...
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Mesa faces tough times
A new board of directors at Mesa Air Group is flexing its muscles in a bid to respond to challenges facing the carrier. The airline's new board includes Virgin Express chief executive officer Jonathan Ornstein and Virgin Express director, James Swigart. Larry Risley and his wife, both co-founders of ...
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MetroJet set to propel US
US Airways' new airline, MetroJet, will throw down the gauntlet to the US champion of low-costs, Southwest Airlines, when it launches operations out of Baltimore-Washington on 1 June 1998. Details of US Airways' low-cost competitive response hold no surprises, according to analysts. By launching a service out of Baltimore ...
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UPS on the up
United Parcel Service has reached a tentative agreement with its pilots which has been endorsed by unions and was due to be ratified by March. The agreement is said to offer a 27 per cent wage rise over seven years, with equity for the pilots. Source: Airline Business
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New Airbus chief
Noël Forgeard has been appointed managing director of Airbus. Forgeard, formerly president of Lagardère and chief executive of Matra, replaces Jean Pierson. Dietrich Russell is now Airbus' chief operating officer. Source: Airline Business
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US alliance opens the floodgates
The alliance coup pulled off by Northwest and Continental will speed up similar revenue tieups in the US and push global alliance building to new levels of activity. By Karen Walker.Denying a statement that he has worked for '. . . just about every airline in the US', US Airways' ...
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The smart airlines take credit cards
Three US airlines have formed partnerships with American Express and Bank of Hawaii to expand their use of electronic systems, streamline their operations and broaden distribution. Pioneering in these efforts is travel industry giant American Express, which has partnered both American Airlines and Continental Airlines. Since late 1996, American has ...
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Looking peaky
In its third straight year of profit, the airline industry broke all records last year. But some Asians are suffering and tougher times may be ahead. Richard Whitaker reports. It's early days yet and many carriers have not yet reported full-year financial results for 1997, but it is clear that ...
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Labour strife hits Europe
Cancellations are set to continue at Olympic Airlines if the question of staff shortages is not resolved, while labour strife is also plaguing Virgin Express. Olympic's unions are demanding that the airline reinstate the 64 seasonal flight attendants it fired in February. At presstime, the airline was forced to ...
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Weakened by taxation
Growing profits at many airlines have led to an increase in the taxes levied by governments and a rash of new charges. Tom Gill assesses the current state of affairs worldwide.'An airline is like a fat cow - everyone is milking it.' Like most airline executives, Franco Mancassola of UK-based ...