All news – Page 6954
-
News
Mexican two set to float
The five major Mexican banks who converted Aéromexico and Mexicana debt into shares last year are about to cash in on the success of those airlines. Cintra, the parent company for both airlines, plans an international IPO that will offer 20 to 30 per cent of its shares ...
-
News
PAL calls for total US ban
Philippine Airlines has called on Manila to suspend flights by US carriers into the Philippines, as a result of US Federal Aviation Administration restrictions which are causing major losses on trans-Pacific services. The appeal came within days of PAL announcing it was abandoning some flights to the key ...
-
News
UPS wrapped up by people power
Record profits, yes. But a record number of labour headaches also. That is how 1997 is turning out for most of the US major carriers, and some industry observers are wondering whether the tide has turned in favour of organised labour. Just ask United Parcel Service. While still licking the ...
-
News
Fair or foul?
Recent accusations by smaller US carriers of predation by their major rivals have renewed the debate over what is legitimate under US law. By David Knibb. It's a problem as old as deregulation itself. When does the legitimate competitive response of an incumbent carrier to a new entrant cease to ...
-
News
Airline news
Austrian Airlines and Swissair have confirmed taking a 18.37 per cent stake in Ukraine International Airlines through a holding company in which Austrian Airlines holds 77.78 per cent and Swissair 22.22 per cent. KLM will inaugurate twice weekly services to Abidjan and to Nagoya via Sapporo from April ...
-
News
French revolution is a non-starter
Blanc's successor as head of state-owned carrier Air France will face a rough rideChristian Blanc's resignation statement from Air France begins with a stark heading: 'I take note of the government's decision.' France's change of government, and the decision of prime minister Lionel Jospin to appoint a Communist transport ...
-
News
Europe close to noise ban
Proposed environmental measures to reduce aircraft noise and emissions at European airports are stirring up a storm of protest. The European Commission looks set to adopt Ecac recommendations to ban hushkitted Chapter II aircraft after 1 April 1999. An official confirms that the Commission's proposals, which are due ...
-
News
Fair's fare is the business
In sharp contrast to the wave of low-cost startups sweeping through Europe, a Paris-based carrier is set to start Europe's first dedicated business class service. Fairlines is to start scheduled business services this November from Paris/Charles de Gaulle to Nice and Rome/Fiumicino using 70-seater MD-81s. The aircraft will ...
-
News
Everyday is a test of time
In an effort to bring an end to the deep discounting typical of US price wars, Northwest Airlines has stuck its head above the parapet and slashed its advance-purchase fares by up to 40 per cent. The carrier has won tacit support from rivals but it will take time to ...
-
News
Financial results
Operating income leapt from $27m to $97m. A 16% growth in passenger revenues and higher yields helped produce a 9.5% operating margin. Air NZ suffered from a strong dollar, high fuel prices and tougher competition. Restructuring cost $17.6m but selling catering made $4.2m. Operating profit increased from $11.5m to $25.1m ...
-
News
Gulf Air aims salvo at Delhi
Gulf Air has fired a broadside at the Indian government's insistence that the Arab carrier sell its 20 per cent stake in Jet Airways, just as New Delhi looks set to bring an end to the ownership debacle by reversing the ban on foreign airlines holding stakes in Indian carriers. ...
-
News
Gently down stream
As with the engine manufacturers, consolidation among major airframe producers is likely to be followed closely by bold moves to secure dominance in the after sales market. Report by T Wakelee Smith and Jonathan Culley.It may be hard to believe. But with the recent absorption of McDonnell Douglas into ...
-
News
Lateral thinkers
In a bid to instill fresh ideas, more airlines are now recruiting managers from other countries. Lois Jones looks at the challenges faced by today's mobile managers, and talks to six top people who have switched countries. There are several ways to skin a cat, and several ways to save ...
-
News
BA-AA enter political ring
The US Department of Transportation has finally launched its review of the proposed American Airlines-British Airways alliance.But 15 months after the linkup was first mooted, the US regulators are in danger of getting left behind as the process migrates to the political level. Still, the prospective partners are ...
-
News
No more tears
With a burgeoning economy, and a new USpartner, Aerolineas Argentinas is riding high as it reaps the benefits of its restructuring plan. Karen Walker reports. Business is back to normal at Aerolineas Argentinas following a frenetic few months during which Buenos Aires became a popular destination for management at both ...
-
News
Aeropostal row hots up
The punches are getting lower in the fight for control of Aeropostal, with an arrest warrant issued against its president and legal proceedings mounting. Aeropostal's president and 51 per cent shareholder, Nelson Ramiz, is currently running the airline from Aruba as he faces arrest on his return to Venezuela to ...
-
News
Italians go to the markets
Italian charter carrier Air Europe is preparing for an initial public offering, while flag carrier Alitalia is still on the lookout for private investors. Air Europe is to float 35 per cent of its shares on the Milan stock exchange and in 'several markets abroad' by December this ...
-
News
News prices Qantas out
Ansett New Zealand's owner News Corporation is considering a float of its entire holding in the carrier after scaring off Qantas with the asking price. Efforts by Qantas to secure a permanent toehold in New Zealand's domestic market by buying Ansett NZ appear to have foundered on a ...
-
News
SIA prepares for stardom
As the clock runs down on one of the oldest alliances in Asia, US and Taiwanese carriers are forging closer ties following the recent open skies deal between the two countries. The first sign that Singapore Airlines' Global Excellence alliance with Delta Air Lines and Swissair is starting ...
-
News
Sydney syndrome
As Australia's government prepared to launch the second phase of its airport privatisations in October, the difficulty of finding a buyer for Sydney remained a significant cloud on the horizon. By Tom Ballantyne.Three down, 15 to go and one odd man out. That constitutes a pretty good summary of where ...