All news – Page 7082
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News
Alitalia too late for aid?
Alitalia appears to be a victim of the 'first come, first served' principle. Brussels has rejected the Italian carrier's amended restructuring plan yet cleared Air France's final tranche of state aid. But the legal challenge to Air France's aid has moved a step further. The Commission informed Alitalia ...
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Partners for now
Every year sees a major change to the global alliance movement and this year's survey, the fourth consecutive since 1994/95, is no exception. Last year SAS left the European Quality Alliance for Lufthansa, while this time British Airways ditched its codeshare with US Airways in favour of American Airlines. With ...
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ANA homes in on losses
All Nippon Airways believes it may soon be able to restructure its massive domestic network by dropping a significant number of unprofitable routes, a move barred until now under government regulation. The airline says it 'understands' further domestic liberalisation, which has already seen an easing of fare controls ...
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The good European
What do you get if you cross an English mother company with French and German subsidiaries? The airline industry is still waiting for the punchline as British Airways pursues its so far unprofitable attempts to move into the French and German domestic markets via subsidiaries TAT/Air Liberté and Deutsche BA. ...
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Foreigners out
India's ban on foreign airlines investing in domestic carriers still stands, despite the collapse of the government in April. New prime minister Kumar Gujral has retained transport minister C M Ibrahim, architect of the foreign equity ban, while free marketeer P Chidambaram has resigned as finance minister. However, there is ...
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AA pilots' boost
American Airlines' pilots have overwhelmingly accepted the latest terms of their new contract, removing any threat of strike and allowing the airline to confirm its exclusive purchase agreement with Boeing. The Allied Pilots Association voted 69 per cent in favour of the new contract, which provides a 9 per cent ...
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Cathay axes offshore plan
Plans by Hong Kong flag carrier Cathay Pacific to cut labour costs by setting up a cabin crew base in Bangkok have had to be abandoned following complaints by attendants that the rostering system was unworkable. The move is a body blow to a longer term scheme to ...
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US opens up centre
Sceptics could be forgiven for questioning the true 'open' nature ofthe new US open skies agreements with six Central American countries since carriers from two of the countries are prohibited from flying to the US. Costa Rica, El Salvador, Honduras, Guatemala, Nicaragua and Panama each signed open skies ...
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CNAC enters stock race
Two of China's leading aviation companies are embroiled in a race to list on the Hong Kong stock exchange before the territory is handed over to Beijing's control on 1 July, with sources suggesting only one is likely to succeed. Guangzhou-based China Southern Airlines is still trying to ...
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West sends clear signals over HK
There will be no more important global event this decade than the handover of Hong Kong, the most advanced economy in Asia (excluding Japan), to its neighbour in the north, the People's Republic of China. When the Union Jack is finally lowered at midnight on the last day ...
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Who dares follow Crandall's path?
Somewhat ruefully, a speaker at AvMan's recent CEO conference for Latin American and Caribbean airlines remarked that it now seems as if all roads lead to Bob Crandall, American Airlines' president and chief executive officer. There is a wide gulf, however, between those who eagerly hope to tread that path ...
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Airline News
Continental Airlines is to start daily nonstop flights from New York/Newark to Sao Paulo and Rio de Janerio on 10 July. Continental Express was to launch three daily services from Cleveland/Hopkins to Raleigh-Durham on 1 May as well as three daily flights to Norfolk, Virginia via Washington/Dulles and a daily ...
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Boeing's actions require scrutiny
Sole-supplier deals could stifle competition and reduce the impetus to innovate. When a company with the size and influence of Boeing flexes its muscles, everybody had better sit up and take notice. Recently, there's been plenty of muscle-flexing in Seattle. Boeing has signed sole-supplier deals with American Airlines ...
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Europe is set to expand
The European Commission is drawing up legislation for the aviation sector to match US antitrust laws, as the first stage in expanding the European aviation market to the east nears completion. Commercial aviation is one of the few industry sectors in which Brussels suffers from 'split competence'. The ...
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Garvey eyes FAA top post
A woman may take the helm at the US Federal Aviation Administration if the latest buzz in Washington DC proves accurate and if Jane Garvey, currently acting administrator of the Federal Highway Administration (FHWA), is brave enough to want the job. Following months of almost total silence since ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Aer Lingus Y Dec 31 51.2 24.2 1,225 -4.0 AMR Corp 1Q Mar 31 152.0 157.0 4,006 2.4 Austrian Airlines Y Dec 31 19.8 30.4 1,228 8.8 China Eastern Airlines ...
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A race to market
When Seiji Fukatsu, president of Japan's All Nippon Airways, called a press conference in mid-April, local scribes could have been forgiven for speculating that a major announcement of international import was in the offing. It was common knowledge that ANA was on the verge of releasing details of ...
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Bonn settles on share bill
The final hurdle to the full privatisation of Lufthansa should be cleared by early September, when the framework to ensure the carrier remains in majority German ownership finally comes into effect. State-owned bank Kreditanstalt für Wiederaufbau (KfW) currently holds the government's 37.5 per cent stake, but intends to ...
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Out of tune
After a period of relative quiet, noise is creeping back on to the mainstream aeropolitical agenda. Operators are already starting to feel the effects of a patchwork of regulations, which have emerged to fill the vacuum created by slow progress on the march to the next generation of standards. ...