All news – Page 6854
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Swiss gets one
Air One has signed a preliminary agreement to sell a large minority stake to Swissair by April, and for greater collaboration between the two airlines. Source: Airline Business
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HK slowdown
The opening of Hong Kong's Chek Lap Kok airport is to be postponed by two months until 6 July due to delays in completing a rail link. Source: Airline Business
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London Routes
Over 50 airlines have already committed to attend Routes in London, the 1998 route development forum organised by Airline Business and ASM and sponsored by BAA plc. British Airways is the official carrier for the event, which takes place on September 21-22. Contact ASM on tel +44 161 839 0747, ...
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DOT spotlights fare changes
The US Department of Transportation began publishing its domestic airline fares consumer report in response to an increasing number of inquiries about ticket prices. The first report, for the third quarter of 1996, was released in June last year and the latest report is based on data for the second ...
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Appointments
Michael Harrington has been appointed deputy chief executive and chief operating officer of Debonair. Billy Lam Chung-lun has been named deputy chief executive officer of the Airport Authority of Hong Kong. Christian Heinzmann has joined VLM as managing director. VLM founder Freddy van Gaever has been appointed vice ...
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Aircraft News
Virgin Atlantic has ordered eight Airbus A340-600s with eight options, while Lufthansa has ordered 10 A340-600s. Swissair has ordered six A330-200s and one A321 for delivery in 1999 and 2000. Leisure International Airways has ordered two A330-200s. Olympic Airways has ordered two A340-300s, plus two options, for ...
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French stick over partner
Doug Cameron Investment bankers are sharply split over Air France's ability to secure a strategic airline investor and Air France's advisers have retreated from supporting a trade sale after the collapse of its planned Alitalia agreement. Air France plans an equity issue of FFr18 billion (US$2.9 billion) in ...
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Eye of the tiger
National flag carrier Air India is being readied for a merger with its domestic partner Indian Airlines and at least partial privatisation. But once again political change threatens to scupper the progress made so far. Tom Ballantyne reports from Mumbai. If anyone had doubts that Mumbai-based flag carrier Air-India was ...
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ACI feels out of pocket
Karen Walker Girding itself for a battle with the airlines and with Congress, the Airports Council International, North America, will raise its profile in 1998 with hopes of increasing pressure on those who control its members' funding sources. The ACI is sticking to its controversial claim that US ...
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Brazil cracks the fare nut
Brian Homewood Brazil, a country with some of the highest internal air fares in the world, has taken the first tentative steps towards deregulation by allowing unrestricted charter flights. The Civil Aviation Department (DAC) has given the go-ahead for any nationally-owned company to operate charters on any route ...
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Islands apart
A grand plan for Air Jamaica to be the focus of closer cooperation in the Caribbean region has failed to materialise, and instead would-be partners like BWIA continue to pursue their own separate strategies. Karen Walker reports. According to a joke that circulates in the Caribbean, St Peter allows newly ...
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No more red China blues?
Tom Ballantyne China's airlines are getting their first taste of capitalism as the country's carriers drastically slash their air fares and liberalisation hits the region. The Civil Aviation Administration of China has given its 27 CAAC-approved airlines the go-ahead to cut prices by up to 40 per cent ...
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Carriers free private parts
Doug Cameron Belgium-based City Bird's rocky initial public offering suggests that the recent spate of successful IPOs by European airlines may be over. Last year, low-cost European airline stocks benefited from a surge in interest from US investors who moved heavily into Ryanair and Virgin Express. However, the ...
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Deflation alarm bells ring again
Deflation is not an economic term which has tripped off the tongue in the last three decades. Far from it. A series of political crises in the Middle East, starting with the six-day war in 1967, triggered 30 years of almost continuous inflation, fuelled by surging oil and commodity prices ...
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Airline News
American Airlines is to launch daily services from Dallas-Fort Worth to Manchester on 6 April and from Boston to London/ Gatwick on 22 May. American Airlines expanded ticketless travel to all its north Atlantic flights on 17 January. Delta Air Lines plans to start daily services from Atlanta ...
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Asia's crisis: a rude awakening
Asia's financial crisis is now threatening to start another global airline recession. What goes up must come down. Of all people, participants in the aviation business should understand this most basic phenomenon. After all, the one certainty of every flight is that gravity will bring it down eventually. All that ...
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Higher US fares are hitting home
As US domestic fares continue to rise, more business travellers are making concessions in order to obtain lower fares, or are switching to low-cost carriers. Report by Karen Walker. The New Year had barely been rung in when both American Express and the US Department of Transportation confirmed what most ...
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Asia's new era
Asia's economic turmoil is going to accelerate long-term structural change as the carriers in the region respond to the challenges. Doug Cameron looks at the impact on aircraft renewal, funding, alliances and liberalisation. Asian executives must be wondering what other calamities fate can possibly have in store for them. ...
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Garuda in dire straits
Tom Ballantyne Reeling from a freefall in its local currency which has blown up debt, Jakarta's state-owned flag carrier Garuda Indonesia may face bankruptcy unless it auctions off assets. The country's economic collapse, coupled with a string of accidents including a major crash last September in which 300 ...
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Iberia faces inquisition?
Doug Cameron Iberia is courting trouble with the Spanish competition authorities after reaching agreement for a franchise deal with its main domestic competitor, Palma-based Air Europa. Iberia suffered capacity shortages during 1997 and was forced to wet lease a variety of aircraft, resulting in a fall in service ...