All news – Page 7472
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Bigger floats sink Sempati
The size of Indonesia's privatisation programme has delayed plans for public offerings at both Sempati Air and flag carrier Garuda. Privately owned Sempati, Indonesia's second largest carrier, has postponed an initial public offering scheduled for late 1996. According to Dedet Suardhyka, the airline's corporate secretary, local investor interest ...
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Asia rife with labour strife
Industrial unrest is spreading across Asia-Pacific as the region's carriers react to a worrying economic slowdown and stiff competition, compounded by the global hike in fuel costs. At presstime, All Nippon Airways was at loggerheads with its cabin crew unions after wage negotiations broke down: a 24-hour strike ...
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Polls leave Thai with Bill
A change of government has rubbed salt into Thai Airways International's wounds. Lack of political clearance forced the carrier to postpone its US$4.7 billion fleet revamp and accept penalties of some $40 million. The latest setback for the mostly state-owned carrier comes on top of disastrous fourth quarter results which ...
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Boeing pulls off twin coup
Boeing is turning up the heat on rival Airbus with two groundbreaking deals. The US manufacturer has signed American Airlines up to a 22-year exclusive pact and removed its only domestic rival by pulling in McDonnell Douglas to help in the design and development of future widebodies. Reaction ...
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Harry heads to Air Afrique
Let's hope Sir Harry Tirvengadum is ready for a challenging 1997. The charismatic chairman of Air Mauritius faces a tough transition when he moves over to head up struggling Air Afrique on 1 January 1997. The west African carrier continues to suffer government interference and union pressures which ...
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Alitalia pays a small price
Alitalia has been fined by the Italian antitrust authorities for bullying tactics against domestic competitors, and as it succeeds in removing one through a codeshare deal with startup Alpi Eagles, another potential threat appears in the form of Azzurra Air. The authorities found that Alitalia had 'impeded, blocked ...
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The battle for AOM begins
Barely having caught their breath after the furious scramble to take over insolvent Air Liberté, potential bidders are now lining up in the race for struggling French rival, AOM. And potential political problems are already brewing. British Airways' recent acquisition of a 67 per cent holding in Air ...
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United allies down under
The fierce fight for market share on routes in and out of Australasia is set to hot up even further following Air New Zealand's alliance with United Airlines and a new capacity-boosting bilateral between Australia and the UK. The fledgling partnership of Air New Zealand and Australia's Ansett ...
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China puts on the squeeze
China is having mixed success in its aviation policy. Despite easing the moratorium on aircraft orders, Beijing is now having to curb international capacity growth for fear of Chinese carriers losing out to their foreign counterparts. But the authorities are having more success in their drive for domestic consolidation. ...
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Beijing spurs triple listing
Three Chinese airlines are pressing ahead with plans for initial public offerings, but at presstime it was unclear whether they would beat the 1 January deadline. Missing that date would mean they would have to include another year's audited financial results in their share prospectuses. Following the Civil ...
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Coded for no competition
A study on codesharing for the European Commission recommends ending the practice on nonstop routes and reducing the number of CRS listings for codeshare flights to one. These are two of the main findings of a study by Amsterdam-based consultants Strategem. Their report finds that codesharing by two ...
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Global traders will win economic war
In the final years of this century, the new global 'geo-economics' has become the driving force of international relations and commerce. Autocratic regimes and domestically focused businesses are more likely to fail, or grow less slowly, than those which recognise the reality of the globalised economy. The days ...
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Wheeling out the service
For major airlines seeking high-margin travellers, customer service will be a key to profitability. Still, Philip Festa says pressures within the industry are threatening to squeeze carriers' service levels. Customer service is now the norm throughout almost all sectors of commerce: supermarkets, hotels, banks and fast food chains vie ...
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Is candid Crandall correct about IT?
When Robert Crandall, AMR Corp chairman, noted at the last Iata annual general meeting that 'there is no reason to believe that technology will make airlines more profitable,' there had to have been a few sets of raised eyebrows in the audience. Crandall, after all, is the one credited for ...
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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 ...