All news – Page 6903
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News
Taiwan and China edge closer
The prospect of direct flights between Taiwan and China suddenly looks brighter. Prior predictions have all proven wrong, but now there are signs that such flights could follow a warming in relations. First, there have been recent breakthroughs in shipping. Taipei has previously said that shipping could be a ...
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World economic outlook is bleak
There was no disguising the universal gloom as the International Monetary Fund (IMF) issued its latest World Economic Outlook report - regarded by economists around the world as the most authoritative of international economic projections. Even the USA, which has enjoyed seven years of unprecedented growth, now looks close ...
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Current outlook
There are still some glimmers despite the gloom, it seems. Although there is little doubt that the world is poised for downturn, the latest projections coming out for the airline industry, if not exactly buoyant, are at least cautiously optimistic. The new passenger forecasts from the International Air Transport ...
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Why slots maynot be enough
Airline competition authorities may be looking in the wrong direction with demands for slot surrender to tame the global alliances. As the champions of competition continue to do battle over transatlantic airline alliances, it may be worth taking time out to reflect on exactly what they hope to achieve and ...
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Aeroflot postpones issue
Aeroflot is to defer its planned issue of American Depository Receipts (ADRs) in response to "unfavourable conditions on the world's stock markets", according to the carrier. The issue on 5% of its stock was planned for the end of the year and the decision to postpone comes as a ...
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Air France faces domestic challenge
The going promises to get tough for Air France as European competitors take up positions in its home market, snapping up some key French regional carriers. In the latest deal, Swissair has stepped in to acquire a 44% stake in Air Littoral. The partnership now gives Swissair a ...
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Balkan and Malev face sale
The Bulgarian Government is on the verge of selling a controlling stake in its national carrier, Balkan Bulgarian. The buyer is a locally based consortium, calling itself Balkan Air, made up of management, local financiers and a US institutional investor. The original offer is understood to be a straight ...
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Mega-merger cooks up charter consolidation
Consolidation in the UK holiday market has created a third vertically integrated giant, with the announcement that Thomas Cook is to grow again through a merger with the Carlson Leisure Group. Thomas Cook, which has only just swallowed Sunworld and Flying Colours, will now emerge as a $40 billion travel ...
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Italy compromises on Linate
In a last-minute compromise, designed to clear the way for the opening of Milan's new Malpensa hub on 25 October, the Italian Government granted a stay of execution for some regional services into the existing Linate Airport. Around one-third will be allowed to stay, at least for a time. ...
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Much noise but little progress
The endless debate on how best to square air traffic growth at Amsterdam Schiphol Airport with concerns over the ensuing noise pollution goes on. The incoming government promptly tightened the screw after its election victory in March, reducing the allowable noise footprint from that agreed previously. Yet the issue ...
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Fresh start for Virgin Express
The move by Virgin Express to establish a new Irish subsidiary in Shannon will, alongside its fledgling French operation, give the carrier the resources and cost structure it needs to pursue growth. Gus Carbonell, director of marketing and planning at the Brussels-based carrier, says the heavy social charges attached ...
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OUTLOOK a dose of Asian Flu
Eventually the crisis in Asia had to catch up with the air cargo market. And so it has. Growth finally came to a shuddering halt earlier this year and, with Asian carriers scrabbling to fill capacity, the rest of the world has felt the fallout. Although passenger traffic was ...
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CARGO chasing the value chain
The cargo business may once have languished as the Cinderella of the airline industry, perpetually under the shadow of its more glittering cousins in the passenger business. But those days have long since passed. Not only is air cargo now recognised as a lucrative market in its own right, ...
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Yields making cargo pay
Few airlines still need to be convinced about the worth of yield management systems in the passenger business. Now some of the major combination carriers are beginning to turn their attention to the aircraft belly, asking whether revenue management techniques cannot now be applied to raise freight yields. The ...
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POLAR steering a new course
Good navigators, whether in cockpits or corner offices, sense when it is time to change course. The navigators for Long Beach-based Polar Air Cargo think that the time is now. But knowing when to change is only part of their challenge; they also must know what to change and what ...
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Stormy weather?
This year's hurricane season has been unkind to the Caribbean, with Georges cutting a particularly devastating swathe through many of the region's islands. But for the local airlines, hurricanes are the least of their worries. Just ask Conrad Aleong, who stepped in this year to take the helm of ...
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Identity crisis
Europe's regional airline executives could be excused for feeling pleased with themselves as they gathered in Hanover for the annual meeting of the European Regions Airline Association (ERA). The industry is again heading for double digit growth this year, expanding at around twice the speed of the majors. Load ...
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ON-LINE A new web challenger
Ticket auctions on the Internet may not be new, but the latest web offering is stirring up more than a little controversy within the US airline industry. The problem centres not so much on what is being offered - basically an Internet service that allows the public to bid for ...