All news – Page 7103
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Information on EBAS '97
By Air There are direct airline services to London Stansted Airport from most European destinations. A shuttle bus will transport visitors to the exhibition site. Arrivals by business aircraft should make arrangements with one of the following Stansted-based companies: Inflite; tel: +44 (1279) 680373. Metro Business Aviation; tel: ...
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GOES goes up
The final Lockheed Martin Atlas 1 booster launched the Geostationary Orbiting Environmental Satellite, GOES-K, from Cape Canaveral, Florida, on 25 April. Designated the GOES 10, the National Oceanic and Atmospheric Administration spacecraft will be an in-orbit spare, complementing the GOES 8 and 9 craft launched in 1994/5. The Lockheed and ...
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Euro-frightener
MANY A SHIP, IT IS SAID, is spoiled for a ha'p'orth of tar. The aeronautical equivalent could be the biggest-ever European collaborative fighter project being spoiled for the sake of not a half-penny, but a coin worth maybe a couple of dollars. The Eurofighter EF2000 is technically ready ...
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Ausburg Airways
Andrzej Jeziorski/MUNICH Augsburg Airways began its franchise partnership with Lufthansa in the third quarter of 1996. Since then the German regional carrier has expanded its Bombardier de Havilland Dash 8-100 and -300 ßeet from Ìve to eight aircraft, and dedicated 50% of its business to this co-operation. According to Augsburg ...
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GE maintenance business challenged by P&W moves
Pratt & Whitney is seeking to combat General Electric Aircraft Engines' growing dominance of the powerplant maintenance market with the launch of its own scheme to secure a major slice of the business. The US engine maker is offering airlines a "thrust-manager" deal covering the entire life of ...
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Slater slams Miami ruling
In his first major decision as US secretary of transportation, Rodney Slater has overturned a controversial ruling on the financing of a new terminal at Miami, which would have set a precedent on the raising and use of airport funds. Slater's action reverses a March decision by a ...
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Korean accord
AI(R) and the Korean Commercial Aircraft Development consortium have signed a memorandum of understanding to study ways for co-operating on the European consortium's 50 and 70-seater Airjet programmes. Source: Airline Business
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Carnival time
Startup Pan Am will acquire Florida-based Carnival Air Lines, subject to shareholder and regulatory approval. As part of the deal Carnival's main shareholder, Micky Arison, will inject $30 million into the merged carrier. Pan Am will also privately place $30 million in new convertible preferred stock to boost liquidity further. ...
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Oz's World
The Australian government has granted international route rights to a proposed new startup, Australia World Airways, to operate flights to Greece, the Netherlands and Cyprus. The draft decision is subject to the carrier securing funding within six months. Source: Airline Business
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Law of the jungle?
The airline industry has yet to see a predation suit settled in the plaintiff's favour. Yet the extent to which predation can be prevented could determine the overall success of deregulation in Europe. In this business it can be safely assumed that where there is a small new entrant ...
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No predators in Europe?
It's the classic chicken and egg situation. The European Commission says the lack of formal complaints proves that predatory pricing is not a burning issue in Europe. But carriers are discouraged by the length of the investigation and the high legal costs. Last year four allegations of predatory ...
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The new jet set
Long acknowledged as a quiet revolution, the issue of regional jet aircraft service was catapulted into the public domain when the potential American Airlines pilots strike became a staple feature of the evening news. Yet the operation of moderate-sized jets seating between 50 and 90 passengers, including the Canadair Regional ...
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A picture of health
The results of the 1996 survey of the world's 100 largest regional airlines suggest a continued improvement in the health of this sector, with passenger numbers and revenues both recording double-digit growth. This bodes well for a sector which had to contend with unprecedented criticism in 1996, particularly from the ...
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Can Sabena bite the bullet?
When the going gets tough, the tough get going, or so the saying goes. If the maxim runs true then Sabena will need to toughen up its act. The Belgian flag carrier may be regaining ground. Thanks to the quality Swissair management at its helm, it has identified ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Cathay Pacific Y Dec 31 492.5 385.0 4,187 6.3 China Airlines* Y Dec 31 46.6 45.0 1,887 ...
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India equity ban is shaky
The only consolation the world's air transport industry can take from New Delhi's decision to bar foreign carriers from investing in India's airlines is that the country finally has a firm policy in place. The problem is that the imminent collapse of the government could soon open up the whole ...
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Battle of wills
Washington has changed tactics on Japan. When President Clinton wrote to Prime Minister Hashimoto last September to urge that Japan and the US replace their contentious bilateral with a new open skies agreement, that represented a change of thinking in Washington. For eight years the administrations had insisted on Tokyo's ...
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Korea opens with a catch
South Korea, long considered a non-starter in US efforts to forge open skies in Asia, is hinting that it may yet join the party, but Seoul's insistence on preconditions is likely to sit awkwardly in Washington. A Korean transport ministry official says his country is willing to sign ...
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Latin cargo tempts Asia
Access to unlimited beyond rights is one of the main goals for the US in its global drive for open skies and now Asian carriers are discovering there may yet be benefits in return, in the booming Latin American cargo market at least. China Airlines will become the ...
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Lessors look to go it alone
Leading aircraft lessors are seeking outside capital in unprecedented amounts to fund their aggressive portfolio expansions. Boullioun Aviation Services typifies the new trend. In the past it would occasionally privately place part of a single plane transaction with an outside financier. Otherwise it relied on parent Sumitomo Trust ...