All news – Page 7199
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Aircraft news
Boeing has signed a deal with American Airlines, granting the US manufacturer sole supplier status for jet aircraft until 2018. As part of the deal American has placed firm orders for 12 B777s, four B767-300ERs, 12 B757-200s, and 75 B737-600/700/800s. The US carrier has also taken so-called purchase rights on ...
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Appointments
Philip Chen will succeed Simon Heale as deputy managing director at Cathay Pacific Airways from mid-March. Heale takes up the position of finance director at Swire Pacific. Stanley Hui will replace Chen as Dragonair's chief executive from 1 February 1997, while Hui's role as chief operating officer of Air Hong ...
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Cuban appeals
Cuban appeals Icao has launched an attempt to bring the US and Cuba to the negotiating table to discuss overfly rights for Cuban registered aircraft in US airspace on their way to Canada. Icao president Dr Assad Kotaite is acting as conciliator. Source: Airline Business
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ModiLuft sues
Struggling Indian private carrier ModiLuft is suing erstwhile partner Lufthansa for reported damages of US$140 million. The carrier is claiming compensation for loss of reputation caused by Lufthansa terminating its contract with ModiLuft. The German major is currently pursuing the return of the two remaining B737-200s from ModiLuft through the ...
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Fuel fare ticket
The jump in fuel prices has pushed Iata member airlines to seek a 3 per cent increase in international fares. At presstime Iata was hoping the hike would take effect from mid-December 1996. Source: Airline Business
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Winter warmer
The Canadian government has taken the unprecedented step of intervening in the standoff between Canadian Airlines and its six unions, which had rejected the restructuring package. Ottawa ruled the employees should vote on the deal at presstime and bypass the unions. The revised deal, which was expected to be passed, ...
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New US faces
US transportation secretary Federico Peña will step down at the end of January. Possible replacements include former presidential airline commission chairman Gerald Baliles, highway administrator Rodney Slater, and lawyer William Daley. FAA administrator David Hinson retired in late November leaving his deputy Linda Daschle in charge. ...
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Less liable
Just one-third of Iata members have signed up for the proposed inter-carrier agreement on passenger liability ahead of the 1 January 1997 deadline. But eight European airlines, including SAS, Swissair, Austrian, Finnair and KLM will implement the accord immediately. Source: Airline Business
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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. KLMwill inaugurate twice weekly services to Abidjan and to Nagoya via Sapporo from April 1997 ...
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Delta dances Continental
The only certainty about suggestions of a merger between Delta Air Lines and Continental Airlines is that it would create the world's largest airline. Beyond that analysts remain split as to whether such a deal would make strategic sense. The only clear winner is David Bonderman, who leads Continental's controlling ...
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All aboard for the next recession
You've seen it all before. A recession coincides with the delivery of hundreds of new aircraft. Swamped with capacity, airlines seek to extract some revenue from their glossy new machines by placing too much capacity into the marketplace. Yields and load factors plummet, and the red ink flows. All future ...
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FedEx voices objections
I am writing to take strong objection to three points made in your November 1996 Dateline Washington column. First, you are incorrect to characterise the US/Japan aviation bilateral dispute concerning FedEx as being only a 'parochial' interest. The fact is that the government of Japan, after honouring a ...
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Financial results
Operating income rose 9% to US$151.8m, spurred on by a 38% increase in transborder traffic. There was a $42.8m one-time gain in the 1995 period. Operating profit rose 30% to $214.7m despite lower yields and higher fuel costs. In the 1995 half Air France made $59.8m before severance ...
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End of Korea for Fokker
Korea's Samsung may turn to purchasing the turboprop operations of one of the European manufacturers following the collapse of its plans to buy Fokker's remaining assets. Fokker's administrators ended discussions with Samsung on 28 November after Fokker suppliers declined to accept further orders because of the uncertainty surrounding ...
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Bespoke fortunes
Effective, efficient hubs are vital to most US majors' profitability. But do they operate in everybody's best interests and is stronger regulation needed? Karen Walker reports. You either love hubs or hate them. A government department has accused the US majors of continuing to use their hubs to raise fares ...
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A measure of Irala's intent
Iberia's new president has plenty of work to do if he is to fulfil his aim of privatising the carrier by 2000. Xabier de Irala talks to Mark Odell in the first major interview since his appointment. Xabier de Irala Estevez is a not only a newcomer to the airline ...
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Iberia eyes Latin return
Iberia may repurchase its stake in Aerolineas Argentinas as early as June 1997 in a move that could recreate its Latin American airline stable. However, the carrier remains embroiled in a legal dispute in Chile over the future of Ladeco, in which it has a 35 ...
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NTSB makes explosive fuel tank recommendations
The US National Transportation Safety Board (NTSB) has proposed far-reaching recommendations to reduce the risk of explosion in fuel tanks. The safety board warns that all airliner fuel tanks are vulnerable to explosion under certain conditions. Suspicions about fuel-tank safety have existed for many years, admits the NTSB ...
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JAL plans new carrier
Japan Airlines (JAL) plans to establish a new low-cost subsidiary carrier in March, in the face of growing domestic competition. The new carrier hopes to cut air fares by up to 20% on trunk services to Sapporo and Fukuoka, by using foreign crews and flight attendants and scaling back in- ...
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Marshall closes in on more TriStar cargo-conversion deals
Marshall Aerospace, which completed the last of its ten contracted Lockheed TriStar cargo conversions in December, says that it is close to a deal to modify more aircraft. According to Michael Milne, marketing and business development director, the Cambridge, UK-based maintenance specialist "-expects to announce a significant order ...