All news – Page 7532
-
News
Finance
Atlas Air has completed a $100 million public offering to finance three of the 10 Boeing 747-200s which Haeco is converting to freighters. Atlas Air operates 10 B747 freighters on behalf of British Airways, China Airlines, Emirates, KLM, Lufthansa and Varig. Hong Kong's Provisional Airport Authority has signed ...
-
News
High hopes
The latest Philippines startup was due to start operations in mid-December. Air Philippines president Ramoncito Abad says his airline will start flying leased B737-200s and YS-11s from Subic Bay on domestic routes, and already has plans to fly regional routes. Source: Airline Business
-
News
FedEx blocks
FedEx has held up a routine US approval of applications by Taiwan's China Airlines and EVA Airways for cargo flights to the US. FedEx is objecting because Taipei/Chiang Kai Shek officials have delayed plans to set up its second Asian hub there. Source: Airline Business
-
News
Air China link
Galileo has struck a deal with Air China to provide a direct link between the carrier's reservation system and the Galileo and Apollo CRSs by mid-1996. Source: Airline Business
-
News
Twin move
Two US majors are separately centralising their European telephone reservation operations in an effort to reduce costs. Delta Air Lines opens a $30 million centre in London in mid-January, closing its reservation centres in 12 other cities. American Airlines will open its new Dublin reservations centre in mid-February, saving $20 ...
-
News
SIA's B777s
Singapore Airlines has ordered 34 Boeing 777-200s with 43 options. Six of the firm orders and 10 options are for SIA's leasing company. Rolls Royce is to supply Trent engines for the 61 SIA aircraft. Source: Airline Business
-
News
Green club
In an attempt to bolster air transport's environmental image in Europe, five industry associations have formed a working group to produce an action plan by the end of February. The group includes Europe's main airline and airport associations - AEA, ERA and ACI - plus manufacturer and charter carrier groups. ...
-
News
Spanish spat
The European Commission was threatening the Spanish government with court action over the proposed state aid to Iberia at presstime. As both sides continue to argue over the size of the injection, Spain's industry minister says he will give the flag carrier the money it requires. The Commission says it ...
-
News
Dutch treat?
KLM will take a 26 per cent stake in Kenya Airways, subject to final negotiations with the Kenyan government due to be completed by January. Source: Airline Business
-
News
Olympic shuffle
Olympic Airways' chairman and chief executive Rigas Doganis has survived a board reshuffle ordered by the new Greek minister of transport. Ten0 out of 15 board members changed and Captain M Tsangarakis, who was chief executive of domestic subsidiary Olympic Aviation, has become managing director at Olympic. ...
-
News
Euro queues
Delays in Europe were up 3 percentage points to 20.4 per cent in the July to September quarter, according to the Association of European Airlines. September was worst with 25 per cent of departures delayed. Source: Airline Business
-
News
Hainan sale
China's CAAC and foreign trade ministry have approved the sale of 25 per cent of Hainan Airlines to a US investment group led by financier George Soros for $25 million. This ends officials' confusion in November which cast doubts on China's acceptance of foreign holdings in its airlines. Soros is ...
-
News
Politics top bill at Aria
Planning decisions critical to the development of Aeroflot Russian International Airlines (Aria) are on hold following a Kremlin-instigated clearout of the carrier's boardroom which has placed the flag more firmly under political control. Only one member of the previous board of directors, chairman Gennady N Zaitsev, has survived ...
-
News
Japan cuts to bite back?
Japan is taking a first step towards liberalising the domestic market by introducing flexibility in local fares. But the move could backfire and lead to near-monopolies on individual routes. Japan's Ministry of Transport plans to set benchmark fares for each domestic route based on cost and then allow ...
-
News
Valu lost on key NY slots
ValuJet is pressing its antitrust case against Delta Air Lines despite failing to stop its rival from buying 10 coveted slots at New York/LaGuardia pending the outcome of its lawsuit. Atlanta-based ValuJet claims it was the sole bidder for the slots when TWA initially offered them and that ...
-
News
Deja vu in Washington
In Washington, events don't happen; they always happen again. It's not necessarily a positive attribute. Witness the Charles Hunnicutt affair. This unsuspecting trade lawyer, without significant experience in the field of international commercial aviation diplomacy, was recently nominated to become the US Department of Transportation assistant secretary for ...
-
News
Handling fudge
European transport ministers have approved the much-maligned draft directive on ground handling. Third party handling must be allowed by 1999, but only at airports with more than 3 million passengers annually. Moreover, airports with monopolies will have until 2001, and those with duopolies until 2003 to fully liberalise. ...
-
News
Peace spurs twin launch
Royal Jordanian and El Al are both taking advantage of the continued stability in the Middle East to launch regional subsidiaries prompted by imminent signing of an Israel-Jordan bilateral, due by the end of December. Royal Jordanian will rename its executive jet subsidiary, currently known as Arab Wings, ...
-
News
LA is lax on fee
After a two year battle with Los Angeles International airport, airlines won a decisive round when a Department of Transportation ombudsman backed an internal investigation which found $32.7 million in airport revenues collected from landing fees had been improperly used. From the improper spending of $33,750 for a ...