All news – Page 7224
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Swiss stake
Swissair and Austrian Airlines were due to sign a deal at presstime to buy 18.37 per cent of Ukraine International Airlines. Source: Airline Business
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Taesa tamed
The peso's crash halted Taesa's assault on the two incumbents. But with fortunes reviving, will Mexico's third airline bare its teeth again. Before 'La Crisis', Taesa Airlines terrorised Mexico's two major carriers. With lower-than-bus fare prices, it captured a quarter of Mexico's domestic traffic in its first two years of ...
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Air-India bits on the block
India's new government has outlined plans to sell a minority stake in Air-India next year. The airline is among 40 state-owned companies targeted for partial sell-off in a bid to raise Rs50 billion (US$1.4 billion). It is not clear how much of Air-India will be sold off but ...
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Airbus lines up Douglas
McDonnell Douglas' decision to shelve plans to develop its MD-XX long-haul jet leaves the way open for the company's Douglas Aircraft division to forge a partnership with Airbus or Boeing. Since talks about a merger with Boeing stalled earlier this year, Airbus appears to be front-runner. Airbus Industrie's ...
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Iaca calls for even charter
European charter carriers are flexing their muscle in a bid to lower airport charges at Amsterdam/Schiphol, while the resolution of a spat between two of the largest operators could open the way for any European Union charter operator to serve third countries from anywhere in the single market. ...
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Financial results
America West suffered a 7.2% yield decline and took $65m in one-off charges due to changing an aircraft order and restating asset values. AMR's net profit rose 23% on robust demand, despite an 18.8% rise in fuel costs and a $21m share in a travel agency litigation settlement. ...
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Geneva set to fight back
Stung by Swissair's withdrawal of most longhaul flights, Geneva airport is fighting to attract replacement traffic by cutting landing fees and offering fifth freedom traffic rights, and says several Geneva-based startup carriers are in the planning stage. The airport will cut all landing fees by 10 per cent ...
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Gulf Air split on horizon
Gulf Air may be on the verge of break-up amid suggestions that the emirate of Abu Dhabi is preparing to take control of the airline, perhaps within the first half of 1997. Abu Dhabi has a 25 per cent stake in the carrier and, as the richest of ...
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Japan replies to US efforts
US efforts to establish open skies agreements with Asia have received a lukewarm response from key targets South Korea and Taiwan at the same time as Japan is forging ahead with its own brand of Asian open skies. A US Department of Transportation task force toured Asia during ...
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JLLs face a tough battle
The current oversupply of funds in the airfinance market could be dramatically reversed by the threat of regulatory changes to the most popular aircraft finance structures. The most serious threat is from draft plans by the Japan's National Tax Authority to reduce the benefits of the Japanese leveraged ...
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KLM bows to cost targets
KLM Royal Dutch Airlines has reacted to British Airways' high-profile attempt to slash its operating costs by calling for a wholesale structural change in the airline or face downsizing. KLM president Pieter Bouw has reversed his policy of avoiding headline targets by announcing plans to improve its operating ...
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Hubbing power
Delegates at the Airline Business/ ASM Routes '97 meeting in Abu Dhabi were given the chance to review the latest developments in the Amsterdam-based network operated by KLM and its partners. Richard Whitaker reports. Codesharing has enabled KLM to increase the city-pairs it offers ninefold in six years, according to ...
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Why such a Roman drama?
I should like to raise a few points concerning the article 'Renaissance or Rigor Mortis' (Airline Business, November). I am surprised that such an important article is based upon information from sources which I would define as inappropriate - namely a former chairman of Alitalia ousted by the ...
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Amwest slow to fix things
America West Airlines has again illustrated the cost of fast growth. While other US airlines enjoyed an average increase of 22 per cent in third quarter net profits, the Phoenix-based carrier returned a $53 million operating loss at the same time as it happens to be the only US carrier ...
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Canadian has one last go
Canadian Airlines International has unveiled a three-pronged business plan designed to return the struggling carrier to profit by the first quarter of 1997 in a last ditch survival bid. The plan includes a 10 per cent pay cut across the company, a review of overheads - including fees ...
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It's all change at foreign exchange
Of all the international financial markets the most difficult for economic forecasters to come to come to grips with are the foreign exchanges. This is Largely because they are often driven by political factors rather than changes in the real economy, and they have proved more responsive to ...
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Press cuts historic time
If aviation history was made during the final week in October in Washington, newspaper readers could be forgiven for scarcely noticing it. The few column inches devoted to the first official US-EU block discussion regarding commercial aviation rights were generally dour on the whole affair, portraying EU director for air ...
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Airline News
British Airways has increased services from London/Heathrow to Johannesburg to 13 flights per week and added two weekly services to Singapore and a third to Beijing. BAalso has increased frequencies from Heathrow to Geneva, Milan, Mexico City, Barbados, Tehran, Jakarta. BA's flights to Oporto have transferred from Heathrow ...
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Why Concert deal should ring a bell
It may only be a matter of time before cross-border airline mergers are allowed. UK carrier in $33 billion US takeover, says the newspaper headline. Britain's leading carrier is to acquire 100 per cent ownership of its US alliance partner. The newly merged company will be domiciled in the UK ...
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French court US twosome
Air France, once in danger of being left behind in the scramble for a US partner, is now seeing double with letters of intent for broad cooperation with both Delta Air Lines and Continental Airlines. The move was followed by swift denials from Swissair that its link with Delta was ...