All news – Page 7506
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Financial results
Air-India's revenue jumped 15.8% in rupees but operating expenses increased by 18.7%, halving the operating profit to $22m. The net profit was after $4m compensation for premature surrender of lease rights. Air Malta's long-term debt rose 43% as it added four new RJ70s and launched five new scheduled ...
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EVA in Panama?
Taiwan-based EVAAirways has applied for a licence to establish an airline in Panama. The carrier, which will probably be a joint venture with a local company, would serve Central and South American destinations. Source: Airline Business
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Beaming into new system
Our institute has been conducting extensive research on airline revenue management for the past three years, and parts of your article 'A system approach' (Airline Business, January) seem to be based on false assumptions. Our first concern is the quoted 1 per cent increase in airline revenues. While there is ...
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China ties start to fray
The once-strong links between Cathay Pacific and China are unravelling, fueling concerns over the unofficial flag carrier's status after the return of Hong Kong to Chinese rule next year. Cathay has withdrawn from its joint venture in southeast China to develop Xiamen airport, a project once touted as ...
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Beijing wins on US accord
The China-US bilateral signed in December is the culmination of a sustained and successful effort by Beijing to ratchet back US dominance. It resists pressure from Washington for big capacity boosts. China has long complained that loads did not justify more capacity and that US airlines already carried ...
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Tan on top in PAL
The three year feud over control of Philippine Airlines appears to have ended in a deal that should leave the current chairman and chief executive, Lucio Tan, firmly in charge. At a special board meeting in late December, the warring parties agreed that Tan could take up an ...
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Tokyo mixes its approach
No one is more baffled by the Ministry of Transport's plans for a third Tokyo airport than local government and civic leaders. Not that they oppose another airport, but they are wondering whether the MOT has levelled with them, or if it is incapable of following a coherent airport strategy. ...
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On road to Roman ruin
Alitalia's chief executive Renato Riverso may well want to think about returning to the computer industry. His promise to produce a concrete restructuring plan has failed to materialise, leading to considerable employee frustration, their refusal to guarantee a no-strike period, and a breakdown in the latest round of discussions. ...
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Slug out over French slot
France's scheduled operators are heading for consolidation in a fight for slots as they prepare for the opening of the French market to foreign airlines in 1997. Air Liberté has taken over Euralair's scheduled operations on Paris/Orly-Toulouse and Paris-Madrid, receiving three B737-200s, 100 employees and 5,000 slots at ...
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No state aid means yes
For once the European Commission is to be congratulated on its political juggling over the Spanish request to recapitalise struggling Iberia, although the carrier's continued control of two Latin American carriers has raised a few eyebrows. Avoiding the minefield of the 'one time, last time' tenet of state ...
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The day the taxes died
US government taxes on air tickets died - probably only temporarily - on 31 December but their demise, however short-lived, could be good news for US airlines. At presstime the 10 per cent excise tax on domestic tickets and $6 departure tax on international tickets still had not ...
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Japan boosts Asian unity
Japan's Ministry of Transport has demonstrated the sway it holds in the region by bringing together Asia-Pacific's senior aviation administrators for watershed discussions aimed at forging closer cooperation on air transport policies. At presstime, officials from at least 17 nations in Asia and Oceania were preparing to meet ...
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Five crowd over Tasman
The skies between Australia and New Zealand are becoming crowded as two new startups vie for discount traffic on secondary routes across the Tasman Sea. At the same time Ansett Australia has launched its first flights to New Zealand, joining national flags Qantas and Air New Zealand on the primary ...
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Pakistan to boost SIA?
Singapore Airlines could boost its bottom line by an estimated US$500 million in its current financial year through a major sale of aircraft. Discussions are underway with Pakistan International Airlines over eight Boeing 747-300s, which SIA wants to retire from its fleet of 69 aircraft. It is the ...
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NEPC chases Modi stake
Indian independent NEPC Airways is moving aggressively to consolidate its position as a major domestic player with a hostile takeover bid for rival Modiluft. NEPC's chairman Ravi Prakash Khemka's goal is to become the largest independent in the Indian domestic sector. 'We want to be number one in ...
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Euro partner leaves club
A conflict of interests over US partners has spelt the end for Canadian Airlines International's long-standing relationship with Lufthansa. American Airlines, which has a 33 per cent stake in the Canadian carrier, moved to strengthen further the ties with its northern partner when it applied for antitrust immunity ...
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China double in five years
Beijing may have put the brakes on its airline's phenomenal expansion rates over the past year but the Civil Aviation Administration of China (CAAC) is preparing to cope with another 'Great Leap Forward'. The latest Five Year Plan, covering 1996-2000, caters for an annual civil aviation industry growth ...
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Southwest sizes up east
Southwest Airlines entered the Florida market in late January, beginning a regional operation many expect will someday rival the size and strength of its activity within California - a market Southwest continues to dominate, despite encroachment by Shuttle by United. As in other new markets, Southwest began service ...
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Indian lease plans stall
Bilateral limitations with Israel and Russia have partially scuppered Air-India's plans to boost capacity by bringing in wet-leased aircraft. The Indian flag carrier had brought in wet-leased aircraft as a stopgap measure to overcome capacity limitations, which have contributed to the steady decline in its market share to ...
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Job cuts could hit companies hard
America West Airlines laid off 500 machinists in December following a 736-person cutback last March. As part of its dramatic cost-cutting campaign began, Delta Air Lines let go of more than 3,000 workers. In 1995 alone, Continental Airlines dropped 5,000 jobs from its roster. What is happening? Long attributed ...