All news – Page 7325
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Off to a head start
After a long wait, deregulation in Europe has spawned a growing number of startup carriers which are now providing a serious challenge to the majors. Lois Jones reports Until now, startup carriers have tended to provoke no more than a bemused glance from Europe's old timers. But the ...
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Profits return
It's been a long haul, but at last the airline industry can rejoice. Last year, the 100 largest airlines made a collective net profit of $5.7 billion, the first positive bottom line since 1989. And the industry's operating profit reached the record level of $15.5 billion, half as much again ...
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Financial data
Air Canada's operating profit fell from US$33m to US$27m as domestic yields fell, but the sale of Continental Airlines shares netted C$129 million. America West's record quarterly earnings came as traffic grew 13.8%, load factors rose 3.3 points, yields jumped 4.1%, and unit costs fell 7.5%. ...
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Liability still in question
The TWA crash in mid-July underscores the uncertainty that still surrounds airline liability, despite progress made on Iata's voluntary agreement on unlimited liability. The agreement was signed after the crash, so won't affect claims against TWA. But the carrier could still follow the example of American Airlines, which ...
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Aviastar JV bid in Taiwan
Russia's largest commercial aircraft manufacturer Aviastar is bidding to carve out a niche in Asia by proposing to set up a joint venture aircraft assembly, marketing and maintenance centre in Taiwan. The Russian firm, which already has a marketing presence in Taipei, aims to assemble the medium-range Tu-204 ...
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ANA allies by mix 'n' match
The codeshare service started by All Nippon Airways and Air Canada in August on Osaka-Vancouver marks the growing emphasis the Japanese carrier is putting on expanding its network through alliances. The days when Japan's Ministry of Transport discouraged its carriers from forming such pacts are clearly over, and ...
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United goes soft on fifths
A softening of United Airlines' opposition to limiting fifth freedom traffic beyond Japan could yet signal a breakthrough in the acrimonious dispute that has stalled passenger talks with the US. The signal came in unprepared remarks by United's chief executive Gerald Greenwald, on which the carrier has declined ...
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Air Afrique states case
We have been deeply upset by the article 'Eleven oust Afrique boss' (Airline Business, June) commenting on Yves Roland-Billecart's departure from Air Afrique. Roland-Billecart's decision to resign was a consequence of the resolution from the Ministers of Transport of Air Afrique's owner states to separate the functions of chairman ...
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Russia gets Euro boost
The European Commission is inviting consultants to tender for three studies to assess the commercialisation and upgrading of Russia's airports, which could lead to privatisation of the sector. The Commission will select the winner for each of the year-long studies in September. The studies are part of a ...
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North open by year end?
Iata claims to have brokered an agreement to open North Korean airspace to all carriers from December, producing annual savings to effected carriers of US$125 million through flight time savings. The breakthrough comes after 18 months of talks between Iata and Pyongyang. But the scheme may yet face ...
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All together in the Middle East
The collapse in yields to the Indian subcontinent and the Philippines has pushed carriers in the Middle East into a fares pact aimed at stemming the decline. Gulf Air, Emirates and Kuwait Airways agreed at a meeting in Kuwait in June to raise market fares on sectors to ...
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TWA resists Pan Am rerun
After years of proving detractors wrong and just as the carrier was showing signs of recovery, TWA is once again fighting to prove that it can survive, following the crash of Flight 800 off New York's Long Island on 17 July. In the three weeks that followed the ...
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Dual policy is under fire
Less than two years after its launch, Canada's restrictive policy for dual designation of Canadian carriers on international routes is under serious attack. Air Canada and a coalition of charter carriers have intensified their campaign for a more open designation system, leading some officials to predict that the policy could ...
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Merger off
An Indian government panel has rejected plans to merge the unprofitable operations of Air India and Indian Airlines, suggesting that a larger entity would have even more trouble reacting to market changes. A merger would also give the combined airline over 20 unions. Source: Airline Business
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No Easy ride in the World
The European Commission may need to act sharply to toughen up competition law enforcement, as newcomers EasyJet, World Airlines and VLM file complaints against incumbents' alleged anti-competitive behaviour. World Airlines says KLM affiliate Air UK is guilty of predatory behaviour on London-Amsterdam, while EasyJet accuses KLM itself of ...
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Aria on verge of merger?
Speculation is mounting in Moscow that state-controlled Aeroflot Russian International Airlines (Aria) and private operator Transaero are close to a merger. Rumours were fuelled in early July when the rival carriers signed a cooperation deal, which envisages codesharing and joint fleet planning. One aviation source in ...
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Iberia's boss
The new Spanish government has appointed US-born Xabier de Irala Estevez, a former vice president of General Electric in France, as chairman of Iberia. Source: Airline Business
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Running for cover
The war in former Yugoslavia highlighted some problems for that invention of the previous decade, political risk insurance for aircraft lenders. Angus von Schoenberg tells how the insurance product has developed and matured. Political risk insurance (PRI) as a form of security for aircraft financiers is no longer the new, ...
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Where angels fear to tread
An unprecedented restructuring plan has put Avensa back in the black amid economic chaos, but has also attracted fierce criticism. Flag carrier Viasa has lost out to its rival in both the domestic and US markets and as it struggles to fight back, new entrants are appearing on the scene. ...
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Thai tight rope
The embattled president of Thai's flag carrier is hoping that he can avoid further sniping and get on with a much-needed revamp of the airline. Imtiaz Muqbil reports from Bangkok. Thamnoon Wanglee might want to consider a career in the circus, if he wasn't already performing a high-wire act as ...