All news – Page 7551
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Asian Express
After a bitter defeat in Europe three years ago, Federal Express is now taking on Asia to compensate for declining yields at home and develop high yield premium international business. By Mead Jennings.Fred Smith, founder and CEO of Federal Express Corporation, has never had trouble thinking about the big picture. ...
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LAB expands Vasp empire
Vasp's $47.5 million purchase of 49 per cent of LAB effectively gives it control over the Bolivian flag carrier, which will use the proceeds for internal development as well as to form an alliance with Vasp and its other recent acquisition, Ecuatoriana. Part of the Bolivian government's 51 ...
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Chan chops
The entire National Airline Commission in charge of Air Niugini has been sacked by Papua New Guinea's prime minister Sir Julius Chan. His action came after NAC acting chairman Mike Bromley warned the carrier was approaching financial collapse due to government actions. Sir Julius, whose own airline Islands Transair competes ...
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Unions fight for fair share
Boeing's use of foreign subcontractors has become the key issue in what is shaping up to become a long and bitter strike by its 32,000 machinists. Unlike the typical labour disputes over wages and benefits, this strike focuses on some contentious areas of US trade policy. Two recent ...
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China stakes on the line?
Recent high-level signals from Beijing suggest the Chinese authorities are backing away from a policy which clears the way for foreign investment in airlines and are directly contradicting plans for foreign stock market listings for China's three main carriers. In late October, Civil Aviation Administration of China's deputy ...
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Chinese IPOs face delay
Time is running out for initial public offerings by two of China's leading airlines. Unless China Southern and China Eastern Airlines launch their IPOs in the US before year end they could be post- poned up to six months. If the airlines fail to file during December, the ...
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Merpati mire after sacking
Indonesia's troubled government-owned airline industry is in turmoil following the sacking of the president of domestic carrier Merpati Nusantara over his refusal to obey a Transport Ministry directive to lease 16 aircraft through a local company. Ridwan Fataruddin's departure came just a few months after the resignation of ...
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New deals aid Taiwan
Compromises on symbolic points have produced new air agreements between Taiwan and both Hong Kong and Macau. Following expected ratification in December, Taiwan will have five-year agreements that straddle the return of both territories to Chinese control. The deals provide new opportunities for Taiwan's airlines and an end to the ...
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'Economic' spying bugs Japanese
Not many people were surprised to learn, in October, that the CIA undertook 'economic' spying on US trade rival Japan. The high-profile impetus for the intelligence gathering was the US-Japan automobile trade talks that were resolved in July after the two sides negotiated an eleventh-hour settlement under the spectre of ...
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Abacus first in the frame
Abacus has become the first CRS to win access to the vast Chinese market in a deal that should give the Singapore-based company a lead in developing a full-scale CRS for China. The Civil Aviation Administration of China (CAAC) awarded the contract in mid-October after a three year battle that ...
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Thamnoon's high noon?
Thamnoon Wanglee is fighting for survival as president of Thai Airways International amid investigations into allegations that he authorised the sale of a damaged Airbus A300B4 to Switzerland-based Sebina Trading for US$1.8 million, when it was said to be worth close to $12 million. Investigators are trying to ...
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Alitalia hit by One startup
Startup carrier Air One will end Alitalia's monopoly on Milan-Rome, the Italian flag carrier's most profitable domestic route, following increased slot availability at congested Milan/Linate. Air One, formerly Air Adriatica, will serve Europe's fifth largest route five times a day from end November, with plans to increase to ...
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Solo launch in Malaysia
Plans for a single multinational airline to operate within the Asean region appear to be falling by the wayside with the planned 1 January launch of a new Malaysian operator, Saeaga Airlines. The newcomer is a joint venture between Malaysia's Ekran Air Services (20 per cent) and the ...
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China set to move on HK
Cathay Pacific is facing its worst nightmare, the startup of a Chinese-controlled, Hong Kong-based rival backed by powerful friends in Beijing's corridors of power. Despite complaints that the action breaks the Sino-British joint declaration on the hand-over of Hong Kong to China, the territory's civil aviation director Peter ...
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From bust to boom in a year
The good times are here again - but nobody can predict for just how longIt's at times like this that largesse takes over. As 1995 draws to a close, it is clear that at long last we have a vintage year for airline profitability - Iata says its members will ...
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El Al faces Jordan threat
The Middle East peace process is starting to have a significant effect on the aviation sectors of Israel and Jordan, with Royal Jordanian close to competing directly with El Al and both sides reaching agreement on a joint airport project. Assuming the fallout from the assassination of Israeli ...
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Foreign sale for home win
It's an incestuous business. As Iberia was negotiating the sale of a major part of its stake in Aerolineas Argentinas to secure state aid approval from Brussels, the Argentine flag carrier was preparing to sell its shareholding in its domestic subsidiary indirectly to Iberia's parent. At presstime, Aerolineas ...
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French open house offer
One of Europe's last bastions of regulation is starting to crumble as the French market embraces liberalisation. Under the third package, which came into force in 1993, all member states had to open up their home markets (excluding ninth freedoms) by January 1996, at the latest. France, like ...
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Disk drive to cut costs
The push to cut distribution costs has compelled other US and European majors to follow United Airlines, USAir and British Airways in giving frequent flyers direct access to their CRS through the use of computer disks. The three trail blazers will give selected customers direct access to the ...
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Iata frees up liability limit
The signing of an inter-carrier agreement aimed at waiving all liability limits is a bold initiative aimed at overcoming global political inaction. The accord, signed at the Iata AGM in Kuala Lumpur, removes all limits on passenger liability claims, which currently range from $10,000 to the unlimited ceiling ...