All news – Page 7582
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UK secures Airbus alone
The UK's Export Credit Guarantee Department has completed its first aircraft securitisation, but without the involvement of its German and French counterparts, Hermes and Coface. ECGD says its partners 'did not want to come with us on this' and that its government approval was hard won. 'We have ...
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SA seeks to rebuild trust
Deregulation in South Africa has suffered a further blow following the demise of independent Phoenix Airways. The subsequent loss of public faith in private operators has led to a call for sweeping changes to the Aviation Act to ensure the financial health of startups. Phoenix Airways sought provisional ...
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Open skies for Asean?
Aviation authorities from the Association of South East Asian Nations members are expected to start their first round of talks on implementing an intra-regional open skies policy after the Asean summit in Bangkok in mid-December. In a report following a September meeting in Brunei, Asean economics ministers suggested ...
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BA boosts Gatwick hub
Employee groups have given a guarded welcome to British Airways' decision to move more longhaul services from London/Heathrow to Gatwick, but negotiations over staff costs continue. 'We're reluctant to subsidise further growth at Heathrow through lower salaries at Gatwick,' says George Ryde, national secretary of the Transport and ...
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No capacity for control?
The issue of national sovereignty is still the biggest obstacle to efficient use of Europe's air traffic control capacity and the political sensitivities have already led to a sharp rebuke for the European Commission. The Commission was warned at the end of September by the Council of Ministers ...
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The quest is on for market power
In coping with more airline consolidation, regulators could well be out of their depth.In a recent television interview, a reporter asked a simple question: 'Why would anybody want to buy an airline which has lost over $3 billion in the last five years?' Put like that, the interest being ...
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Swiss show true colours
No sooner had Brussels given Swissair access to the single European market through its investment in Sabena than the Swiss government played the protectionist card, opening itself and the Commission up to criticism. The Swiss government was acting within the UK-Swiss air services agreement when it refused to ...
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Hawaiian set to post profit
American Airlines has reprieved Hawaiian Airlines for the fourth time over $6.9 million in payments due on its leased DC10s, as the carrier continues its restructuring efforts after emerging from bankruptcy 14 months ago. The payments Hawaiian owes American represent lease and maintenance charges that accumulated late last ...
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More power to the unions
United Parcel Service faces the prospect of dealing with stronger unions that rival Federal Express, following a ruling that the Kentucky-based express freight company is covered by laws favouring unions. Unless reversed on appeal, UPS will be subject to the general US law that protects union rights to ...
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Two birds, one stone
In a major strategy shift, Indian Airlines will transfer its unprofitable routes into a stand-alone subsidiary, operating a mix of turboprops and jets. But the main aim is to counter its parent's shortage of senior pilots. Airlines Allied Services will operate Indian Airlines' short haul flights, and take ...
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Past keeps AmWest shy
With the resolve of a carrier that has returned to health but the hesitancy of one that only emerged from bankruptcy protection last year, America West Airlines has instituted its first growth programme in four years. Its 29 per cent growth plan over two years is conservative compared to the ...
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East stakes going west
Western investors are showing a willingness to gamble in the vast aviation markets of China and Russia, with the prospect of a partially foreign owned Chinese regional and a foreign controlled Siberian airline. US financier George Soros wants to take advantage of Beijing's clearance earlier this year for ...
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Bonn eyes open skies
US and German transport officials are planning a round of December talks that could lead to open skies between the two countries by early 1996. However, what has become a strong link between open skies and antitrust immunity - sought by the United-Lufthansa alliance - could be a stumbling block ...
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Midwest offer
Kimberly-Clark has sold off 70 per cent of Midwest Express, a US regional carrier, in an initial public offering of 4.5 million shares. Provision has been made for Kimberly-Clark's holding to drop to 20 per cent if underwriters take advantage of a further option by late October. Source: ...
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Express trial grinds to halt
After a year's trial of its innovative Lufthansa Express product, the German carrier has cherry-picked parts of the pilot scheme for a revamp of its domestic operation. A poor performance halted the extension of the pilot to the whole system as originally planned. The German flag carrier was ...
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Settlement day
After a year of arbitration, American Airlines and its flight attendants have reached a five-year pay deal. The new pact gives the attendants a rise of 17 per cent, back dated to 1992. In exchange American can impose productivity measures, including cutting the number of attendants. Source: Airline ...
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USAir courts main rivals
As speculation rose to fever pitch over the possibility of USAir selling out to United Airlines or American Airlines, all participants concerned stressed one word to describe the current state of the deal: 'preliminary'. Whatever the outcome, sources at USAir stress the talks are a culmination of a ...
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Airline news
Singapore Airlines has started twice-weekly services to both Cairns and Macau using A310 aircraft. SilkAir has launched a twice-weekly service between Singapore and Vientiane in Laos with Fokker 70s. ANA is seeking regulatory approval to start services between Osaka/Kansai and Rome. The carrier has also completed ...
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Overhead protector
Political change highlights Israel's use of sophisticated UAVs Arie Egozi/TEL AVIV THE POSSIBLE Israeli withdrawal from the Golan Heights as part of a peace deal with Syria has put unmanned platforms high on the list of substitutes for the ground-based intelligence sensors, which Israel now operates along ...
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Spacewalk challenge
The STS69 space-walk has paved the way for assembly of the international Space Station. Tim Furniss/LONDON A 6H 46MIN SPACE-WALK BY two astronauts on 16 September, during the STS69/Endeavour mission, has given NASA more confidence in the ability of crews to assemble the international Space ...