All news – Page 7324
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Appointments
Canadian Airlines has named Doug Carty as its vice president of finance to succeed Kevin Benson, who has been elected president and chief financial officer. Giles Filiatreault is to replace Mike Stanfield as chief executive officer of BWIA International Airways. David Taylor has resigned as president ...
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Magic Michot?
Yves Michot is the new chairman of Aérospatiale. He will oversee the restructuring of the unprofitable French aerospace group, including the merger of the company's Airbus activities with those of its three other European partners to form a public limited company. Source: Airline Business
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Safety valued
ValuJet has appointed Jim Jensen, the former vice president product support for Douglas Aircraft, as senior vice president maintenance and engineering. Source: Airline Business
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Safety first
British Midland's parent, Airlines of Britain Holdings, has hired Frank Turner, the former managing director of Lucas Aerospace, to oversee the group's maintenance and engineering operation. The new post was created following a review of procedures after bad maintenance led to an emergency landing by a B737 last year - ...
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MEA's money
Middle East Airlines will get its long-awaited capital injection, totalling US$225 million. The Lebanese government injected an initial US$100 million in late July. Air France, which holds a 28 per cent stake in MEA, had until mid-August to decide whether to participate in the second US$125 million injection. ...
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Canadian fears
US rivals fear the antitrust application by United Airlines and Air Canada could create a competitive imbalance in the US-Canada market. Under the open skies agreement, a phase-in period that expires in 1998 limits capacity in the Toronto market, where Air Canada dominates. Source: Airline Business
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Caracas crunch
US-Venezuelan aviation relations hit an all-time low in August after the FAA grounded Avensa and Zuliana aircraft at Miami for inspection. Caracas retaliated by grounding American and United aircraft. The tit-for-tat episode, which appears to have been limited to one day, is part of a simmering dispute in which the ...
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Sabre shares
AMR's information technology subsidiary, Sabre, is planning an initial public offering in the fourth quarter of 1996. The company will offer 'less than 20 per cent' of its stock. Source: Airline Business
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TAT full on
British Airways will exercise its option to acquire the remaining 50.1 per cent in TAT for $32 million, giving the UK carrier 100 per cent of the French operator. BA has appointed the ex-chairman of AOM, Marc Rochet, chairman of its fully owned subsidiary. Source: Airline Business
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PAL phased by cargo bias
Struggling Philippine Airlines is fighting to retain its share of the cargo market as it starts to suffer under the impact of the government's liberal air services regime. Reportedly heading for a US$65 million loss in its current financial year, the carrier has appealed to the Civil Aeronautics ...
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End of World scheduled
After just five weeks of operating US-South Africa services, World Airways decided not only to drop out of the route, but to drop out of scheduled passenger services for good. The airline will return to its niche as a contract carrier for airlines and the US military. The end of ...
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Cost-cutters save more
As Lufthansa launches an interim cost-cutting campaign to offset a weak first half performance, Swissair aims to cut salaries by 5 per cent after agreeing a pay deal with its pilots. Lufthansa is looking to save DM190 million ($130 million) in the second half of 1996, following a ...
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Pan Am II goes it alone
With financing complete, routes and aircraft in place and eight international codesharing partners signed up, the new Pan Am is hoping to be in service by September. But it will start without taking over Carnival Airlines first. Martin Shugrue, Pan Am's president and chief executive, who will trade ...
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More dirty tricks and legal twists
In Europe, a volley of legal attacks by airlines on their competitors has been launched. In the US, hard on the heels of KLM's spat with alliance partner Northwest, USAir has declared legal war on its partner, British Airways. If your aviation lawyer is not involved in either ...
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SAS gold no longer safe
SAS is facing a double challenge as Norwegian carrier Braathens Safe prepares to enter one of the Scandinavian carrier's most lucrative routes and the Swedish government finalises plans to tax frequent flyer points. Braathens will enter the Oslo-Stockholm market with six daily frequencies from the winter timetable, rising ...
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Delta stokes fires in east
With the launch of its low-fare Express concept, Delta Air Lines will want to avoid repeating the disastrous low-fare Continental Lite experience on the US east coast and mirror that of the Shuttle by United, whose performance has been good enough for United to give it a dedicated fleet of ...
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Deciphering codes
The burst of renewed scrutiny of codesharing practices may say more about the attitude of regulators than the concern of passengers. By Doug Cameron. Please tick as applicable. The aircraft was late. The seats were too narrow. The service was lousy. You had red wine spilled down your white ...
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Fans support spreads
The benefits of the Future Air Navigation System have been slow in coming, but now they are tantalisingly close to being realised and more countries are rallying to the cause.
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Asia's liberal minority
Aeropolitics The US is making headway with its open skies philosophy in Europe but the Asia-Pacific market is proving a tougher nut to crack. Tom Ballantyne looks at the differing regional attitudes to liberalisation with the outside world and then assesses progress on open skies locally. To Asia-Pacific's growth-hungry ...
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Starting over
The second wave of US new entrant airlines is proving more resilient than the first and some venture capitalists are now looking at Europe. Russell Winter offers a formula to make sure aspiring low-cost startups, especially in Europe, find financial backers with deep pockets.Many industry specialists continue to believe that ...