All news – Page 6850
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News
Southwest bites the Big Apple
It is the news that other US carriers hoped never to hear. Southwest Airlines is about to take a bite out of the Big Apple and begin operating from New York. Analysts and rival airlines have speculated about the possibility for years, but Southwest has deliberately avoided the New ...
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Beijing breaks ice with USA
US negotiators seem optimistic that a recent thaw in informal talks with China could lead to formal negotiations and a new bilateral this year. Washington has no expectation of "open skies," but hopes to gain more access to China with fewer restrictions for more US carriers. Last year Beijing ...
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FLEET
Asian SALES - Singapore Aircraft Leasing Entreprise (SALE) has acquired a new Boeing 777-200 under a sale and leaseback deal with Korean Air. SALE has also delivered the first of two 737-300s to Singapore's SilkAir under a similar arrangement. The second aircraft is scheduled for delivery in April. Fortis ...
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Indian airports unleashed
The Indian Government plans to corporatise the airports of Delhi, Mumbai and Bangalore and establish guidelines for setting up a regulatory authority, according to N K Singh, an official in the Prime Minister's Office. A regulatory body has been recommended by a high-level task force on infrastructure development. The ...
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Japanese rejig overseas strategies
Most Asian airlines have concentrated on costs to survive the region's doldrums, but Japan's airlines, facing new low cost domestic rivals, are looking at both international costs and revenues in an effort to boost profits. Japan Airlines (JAL) and All Nippon Airways (ANA) have both taken the bold step ...
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Rescuers ride into PAL
Just as it looked as if it was all over for Philippine Airlines (PAL), a troop of white knights have emerged in the form of former Cathay Pacific Airways executives who have taken up senior management positions in Manila. The four high-level executives started working at PAL in mid-January ...
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SAS withdraws from Hong Kong
In deciding to withdraw from Hong Kong as of March, Scandinavian carrier SAS is pointing fingers at both Chek Lap Kok's airport charges and Cathay Pacific's dominance. SAS is not content to blame its retreat entirely on poor traffic, although it admits that has been "terrible" over the past ...
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SIA halts bid for CAL
Shareholders in Singapore Airlines (SIA) breathed a sigh of relief early in January when the carrier announced that it had withdrawn from discussions to buy shares in Taiwan's China Airlines (CAL). As SIA's share price rose on the news, CAL's fell on concerns that long-running plans for a badly-needed ...
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Privatised Austrian to look east
Austria has revived plans to privatise it flag carrier in a move that will boost its expansion eastwards. The government is to relinquish its majority holding Austrian Airlines after it decided not to participate in a Sch3 billion ($240 million), capital raising programme. The state will remain the largest ...
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BM bullish on Moscow
British Midland hopes to start up its London Heathrow-Moscow route before the beginning of its summer schedule, despite Virgin Atlantic Airways' appeal against the UK Civil Aviation Authority's decision to award the route to British Midland. A British Midland spokesman says that until the appeal is heard in February, ...
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easyJet sees black
Privately owned easyJet has finally turned a profit, but the publication of its first set of results has provoked scepticism and speculation that it may soon be up for sale. The carrier's 1998 pre-tax profit of £2.3 million ($3.8 million) on a turnover of £77 million, appears to belie ...
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French ambition
With a pilot deal under its belt, the French national carrier is now moving ahead with a flotation. But a global alliance still escapes the airline, while there are also doubts over its ambitious expansion plans. When in the autumn of 1997 former Air Inter boss, Jean-Cyril Spinetta, was ...
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Express yourself
As Delta Express heads for its third year of operation, not all industry observers share the group's optimism for this experiment in setting up a low-fares, airline-within-an-airline. Passengers on Delta Express aircraft wave dollar notes in the air when they see the flight attendant coming down the aisle. Having ...
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Hard day's flying
El Al is getting ready for a mid-year privatisation. Even without the right to fly on the Sabbath, the airline reckons that it is one of the most efficient in the world. When running an airline that can fly only five days a week, you could be forgiven for ...
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End of an era
After the demise of the Japanese leveraged lease, the markets for tax based aircraft leasing are being shut down one by one. What other sources of funding will replace tax leasing and will they be as cost effective? All good things must come to an end and that time ...
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Split decisions
In the next few months, Mexico's government plans to decide whether Aeromexico and Mexicana should stay under common ownership. Three years after placing Aeromexico and Mexicana in common ownership, Mexico's federal government is debating whether to keep the two airlines together or sell them separately. Common ownership was ...
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Building shareholder value
Shareholders have not always had a good deal from their airline investments. Michael Deimler and James Whitehurst of the Boston Consulting Group in Atlanta, Georgia, outline new approaches to help management put investor values first. For shareholders with a long term perspective, airlines have historically been a high risk, low ...
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Canadian spruced goose
Canadian Airlines' new livery is a look that says "innovation and confidence", says the airline's vice-president of marketing, Michael Beckerman. Those are qualities that Canadian's management will need in abundance as they steer the airline through what is likely to be another tough year. The Canadian economy remains weak, ...
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Little hope of early US-UK open skies
A sceptical but curious US delegation is preparing once again to sit down with UK aviation representatives in mid-February for informal talks on open skies, although the mood in Washington is pessimistic. While the USA now has more than 30 open skies agreements in place around the world, a ...
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A final flurry of orders
Despite the gathering gloom, 1998 turned out to be another bonanza year for jet airliner sales. As the year-end totals rolled in, it became clear that Airbus and Boeing had managed to net the second largest bag of orders on record. That may raise few cheers from an airline industry ...