All news – Page 7604
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A real future
Vasp has seen a return to profits and growth despite having almost shut down three years ago. Wagner Canhedo, the president and CEO of the Brazilian carrier, talks to Mead Jennings about his plans for a new trans-border airline in South America.If anyone were to personify the character of Brazil, ...
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Financial results
Air Canada's growth, opening 10 new routes and introducing seven new jets, caused the net loss. Passenger traffic and capacity rose 14%. Yields decreased 8.1% at Alaska Airlines and 8.3% at Horizon Air. Load factors fell 1.1 points at Alaska and 4.2 points at Horizon. A ...
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Hunnicutt enters fray
As the third year of the Clinton administration draws to a close, one of the long-standing bits of unfinished business at the Department of Transportation is finally being addressed. In August, the White House announced that it would nominate a Washington-based attorney, Charles Hunnicutt, to the position of assistant secretary ...
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Boeing leads China battle
Senior Airbus officials have enlisted the backing of diplomats from several European nations in their efforts to stall confirmation of a $2 billion order for Boeing aircraft due to be placed by Air China. After months of negotiations with Boeing and Airbus, Air China decided in August that ...
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US problems brew in Asia
The Japan-US mini-deal may have skirted one impasse, but it is the first of several Asian bilaterals where US negotiators face renewed battles over capacity and fifth freedoms. Two rounds of China-US talks this year have made no progress on the question of allowing US carriers to fly ...
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US fares plan faces doubts
The first major challenge in the US to the current system for selling and distributing airline tickets has gained antitrust clearance, but it still faces a shaky future. The US Department of Justice has given the green light to a plan by Business Travel Contractors Corporation (BTTC) to ...
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Southern set for IPO first
China Southern Airlines is set to become the first Chinese airline to obtain a foreign stock exchange listing, although its initial public offering seems to be designed more to test the market than to raise capital. China Southern has taken the big step of filing its draft registration ...
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Macau faces slow start
The long-awaited opening of Macau's airport next month may not see the carriers lining up as planners had envisaged, but they can at least take comfort from the barrier still facing their irrepressible rival and neighbouring airport at Zhuhai. When the first scheduled flights start from the Portuguese ...
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Italian swap?
Alitalia has bought a 55 per cent stake in Avianova from Cofiri for L19.7 billion ($12.1 million), giving it 100 per cent of the domestic carrier. At the same time Alitalia completed the sale of its 56.2 per cent stake in Aeroporti di Roma to Cofiri at a price between ...
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Dragon sale to calm fears
Senior managers at Cathay Pacific are still fighting to prevent the China National Aviation Corporation (CNAC) from invading their home turf. The latest gambit is to offer the potential rival a stake in regional carrier Dragonair, but there are doubts whether this tactic will curb the Chinese operator's ambitions. ...
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Kiwi to Oz
The New Zealand government has given Kiwi Travel International Airlines approval to operate scheduled services to Australia. The former charter carrier launched three new trans-Tasman routes with six weekly services: three between Hamilton and Brisbane, two from Hamilton to Sydney and one from Dunedin to Brisbane, using an all-economy B727-200. ...
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Oz closes on airport sales
The privatisation of Australia's 22 airports looks set to become as lengthy a process as the oft-postponed float of national flag carrier Qantas. While Canberra has at long last released details of the terms for local and offshore bidders, legislation to clear the way for privatisation will not ...
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JAL smooths over FAA ban
Japan Airlines was understood to be close to an agreement in early September to end the US Federal Aviation Administration's suspension of its licence to repair US registered aircraft. The airline's FAA authorisation was cancelled in August after a routine annual inspection showed violations of US standards, according ...
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Global economy spreads little joy
A distinct mood of pessimism has descended upon the finance ministers and central and commercial bankers who were due to gather in Washington in October for the autumn meetings of the Group of Seven, International Monetary Fund and World Bank. With only a few exceptions, the signs of ...
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Thai in return to old ways?
Thai aviation policy has taken a step backwards since the election of a seven-party coalition government in July and the shakeup at the transport ministry which has allowed the air force to regain its grip on Thai Airways International. The changes have caused an uproar in the Thailand ...
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Kiwi sold on Murphy's law
The traditionally difficult winter season could prove especially challenging for troubled US minnow Kiwi International. In August, the Newark-based carrier installed its fourth chief executive in seven months, and its competitive position in the eastern US is under threat from Southwest's planned entry into Florida. But CEO Jerry ...
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Latins can look to a brighter future
South America's airlines are entering a new phase of alliances and cooperationThe realignment of the Latin American airline business is gathering pace. Chile's antimonopolies board has finally decided to permit LanChile to acquire Ladeco. Enjoying the fruits of a remarkable financial turnaround, Vasp of Brazil is acquiring Ecuatoriana and bidding ...
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Blanc rejigs his top team
Air France chairman Christian Blanc is putting pressure on flight attendants to accept a two-tier pay structure. The latest bid to cut costs follows a management reshuffle at the end of August. Blanc has commissioned a study by Munich-based consultants Roland, Berger and Partner which shows that cabin ...
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Iberia hit by pilot threat
Hell hath no fury like a pilot scorned. And Iberia's pilots believe the European Commission is scorning them by delaying the ruling on the proposed state injection of Pts130 billion ($1.03 billion). Fed up with waiting, the pilots decided to turn up the heat by refusing to ratify ...
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MEA cash pledge
Khaled Salaam is the new president and chairman of Middle East Airlines, while Youssef Lahoud has been confirmed as managing director. This means MEA should now receive a $100 million government loan, but general elections in November could yet compromise the funding. Source: Airline Business