All news – Page 7300
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News
Appointments
Gavin Strang has taken up the position of minister for transport in the new UK government, and Glenda Jackson has been appointed aviation minister. Both report to John Prescott, secretary of state for transport and environment. Virgin Express has promoted Mike Lotz to chief operating officer, and has ...
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Trent trouble
Cathay Pacific and Dragonair resumed flying their Airbus A330s after temporarily suspending the aircraft's operation in May due to concerns over the reliability of gearbox parts in their Rolls-Royce Trent 700 engines. The grounding of its 11 A330-300s could cost Cathay up to $19.4 million. The carriers may seek compensation ...
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Indian dream?
The Indian civil aviation minister C M Ibrahim has revived plans to merge Air India and Indian Airlines. The ambitious project will apparently be completed by the end of this year and will return the carriers to profitability in 1998. In the year to 31 March, Air India lost $78 ...
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Foiled again
France has failed in its second attempt to persuade Fiji's Air Pacific to switch its order for the Boeing 737-700 to the Airbus A320. Source: Airline Business
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Caribbean coop
BWIA is looking to extend regional cooperation in the Caribbean along the lines of a memorandum of understanding signed with Air Jamaica. The two carriers will explore cost savings in areas such as purchasing, customer service and engineering, and longer term will consider codesharing and cross utilisation of aircraft. ...
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French Delhi
Air France and Air India have signed a letter of intent to establish a strategic alliance. The deal will see Air India move into Terminal 2 at Paris/CDG and envisages codesharing and FFP links. Source: Airline Business
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Dog's leg
US low fares carrier ValuJet has struck an interlining arrangement with a difference. The deal with Greyhound Lines bus service, called FlightLink, allows ValuJet passengers from three towns in Georgia and Tennessee to catch a bus to the carrier's Atlanta base for $14, with automatic through checking for baggage. ...
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J41 killed off
British Aerospace is to stop production of its Jetstream 41. The line at Prestwick, Scotland will close at the end of 1997, with the loss of 400 jobs. Source: Airline Business
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Profits soften
Icao says airline operating profits fell in 1996. Operating revenues reached US$281.5 billion last year while operating expenses were $269.5 billion, leaving an operating profit margin of 4.3 per cent against 5.1 per cent in 1995. Source: Airline Business
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Ciao Malev
The Hungarian privatisation is in talks with Alitalia to buy back the Italian carrier's 30 per cent stake in Malev and will then start the search for a new strategic investor. The agency is awaiting government approval to start talks with the Italian carrier and hopes to conclude the buy-back ...
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Empire builders in fight to the finish
Make no mistake, it's a battle - a fight to the finish. A battle for territory, for customers, for markets, for revenue streams. A strategic war in which treaties are made with friendly powers, only to be abrogated when those powers turn out to be not quite as friendly as ...
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Chinese puzzle
In the runup to the 1 July handover of Hong Kong to the People's Republic of China, there were only a few clues to the many questions over Beijing's likely airline policies in the former UK colony. From Cathay Pacific's managing director David Turnbull has a ...
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Senate grills the two Bobs
As theatre goes, it was in a class of its own. And as the curtain went down on a US Senate hearing into the US-UK open skies talks in early June, the prospect of progress seemed as remote as ever. The general consensus was that Robert Crandall and ...
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Taiwan loses Express role
As Airbus starts firming up the so-called Asian Express joint venture with China, Taiwanese firms are having to face up to the fact that politics have conspired to exclude them from any participation. The European consortium saw its foothold in China considerably strengthened after a state visit by ...
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Aeropostal in legal dispute
The parties behind the resurrection of Aeropostal are caught up in a legal dispute over money and control of the Venezuelan carrier. On first appearances, the carrier has made a miraculous comeback after going bankrupt in October 1994. Aeropostal's president Nelson Ramiz says the airline was due to ...
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Airlines unite over Africa
Rising concerns over air safety in most of Africa have spurred several major European carriers to support a South Africa Airways' initiative that could see some countries boycotted if they do nothing to improve the parlous state of their air traffic control systems. In May SAA put forward ...
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BA places a no strike bet
British Airways' plan to reap £1 billion a year in efficiency savings by March 2000 could suffer a severe blow if two separate ballots of cabin crew and ground staff, the latter over the airline's plan to sell its catering operations, result in support for strike action. Both ...
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Muted concern speaks volumes
A recent poll by Airline Business lifts the lid on the attitudes of the big carriers to the proposed merger between Boeing and McDonnell Douglas. Yet the sheer complexity of the deal means a political solution is needed to avoid a transatlantic trade war, says MarkOdell. Amid all the hype, ...
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Canada set for shakeup
The two major Canadian carriers are preparing their unprofitable regional operations for a shake-up, as Canada's low-cost startup carriers threaten to expand their influence. Even before Air Canada has completed a review of the future of its five regional carriers, it has been approached by a potential purchaser ...