All news – Page 7679
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Brazilian posts
Varig has named Carlos Willy Engels as president and Edgar Nascimento de Araujo as president of the administrative council. They replace Rubel Thomas who held both positions on retirement. Source: Airline Business
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Virgin territory
Virgin Atlantic has applied for slots at London/Heathrow to fly to Bombay, Washington and Johannesburg. It is negotiating for additional aircraft, with two B747-400s and three A340s needed for the new routes. Source: Airline Business
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India's giant
NEPC Airlines has bought rival Damania Airways to become the largest privately owned carrier in India. Damania operates mainly in western India, using four Boeing 737-200s. NEPC operates five Fokker F27s on feeder routes in southern India. Source: Airline Business
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Canadian spread
Air Canada and United Airlines have tightened their marketing alliance, and now plan codesharing to six US and four Canadian destinations. Air Canada also has been granted route rights to Belgium, the Czech Republic, Greece, Haiti, Israel, Russia, Singapore and Spain. Flights to Israel start end of June. ...
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B777 gets ETOPs
Boeing's Pratt & Whitney powered 777 received Etops approval from the US Federal Aviation Administration prior to its maiden revenue flight with United Airlines on 7 June. Source: Airline Business
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Aidez-moi!
Aérospatiale has asked the new French government for a FFr10 billion (US$2 billion) cash injection. The Juppé government has also received a request from Snecma for FFr6 billion. The Balladur government committed FFr5 billion to Air France. Source: Airline Business
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Mesa says no
Mesa Air Group has rejected a proposal by Continental Airlines that Mesa buy the Continental Express subsidiary in exchange for $90 million worth of Mesa common stock. Mesa was not willing to accept the cost or Continental's proposed management changes. Source: Airline Business
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German growth
Lufthansa says its alliance with United Airlines has generated 1,000 extra passengers a day for the two carriers in its first year, increasing Lufthansa's Germany-US load factor by 10 points to 78 per cent. Chairman Jürgen Weber says it is the first time in 10 years the carrier has seen ...
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Mexican plea
Aeromexico will seek bankruptcy protection if holders of bonds due to mature on 10 June do not agree to a rescheduling. Holders of the $100 million of eurobonds and $37.5 million of euro-commercial paper are being asked to accept new five-year notes, with a 9.75 per cent interest rate. ...
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World class
Icao says the world's scheduled airlines produced an operating profit of 3.2 per cent on revenues of $247.5 billion in 1994. The net result is expected to be 'marginally negative'. Source: Airline Business
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New entry to Oz
Cathay Pacific has filed with the Australian Federal Court asking for the Australian government's ban on flights from 30 June to be quashed. Talks on the Australia-Hong Kong bilateral have broken down and Cathay's licence to operate to Australia finishes at the end of June. The HK carrier says the ...
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Managing Asia's growth
Aeropolitics, rising costs and physical impediments to growth are the biggest challenges posed by the tidal wave of growth forecast for the Asia-Pacific region. David Knibb reports from the Airline Business/ Reed Exhibitions conference on 'Managing Airline Growth in Asia', held in Singapore.Asia's growth defies superlatives. ...
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The yen factor
The strength of the Japanese yen is having major repercussions throughout the airline business. David Knibb looks at the impact.The Japanese even have a word for it. Endaka describes the inexorable rise in the value of the yen. It's not a new phenomenon; the yen has been appreciating for at ...
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Clearing the cost block
Continental Airlines' president, Gordon Bethune, says the airline must focus on revenue gains rather than cost cuts, and must improve its poor reputation. Mark Odell reports from Houston.Gordon Bethune, the president and chief executive of Continental Airlines, doesn't mince his words. His energetic and hands-on management style has ripped ...
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Routing for growth
Airlines have added and abandoned new routes at a substantial rate in the past two years, but US carriers and those based in more liberal markets dominated the picture. Report by Reed Travel Group Market Analysis and Airline Business. Market expansion is one of the most pertinent ways to ...
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Pyramids in the sky
Egyptair has seen off domestic competition and traffic is returning after a couple of years of decline. Chairman Mohammed Rayan talks to Sara Guild about his lofty plans for the carrier's future. There appears to be a discrepancy between the plans and ideas of Egyptair's chief executive and those of ...
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Airline news
All Nippon Airways will begin routes from Osaka/Kansai to Shanghai, Bangkok and Kuala Lumpur in mid-July. The routes are subject to approval by Japan's Ministry of Transport. Philippine Airlines has begun a three time a week service from Manila to San Francisco using B747-400s. SilkAir and ...
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Financial results
Air Canada cut its operating loss from C$12m to C$7m. Passengers and yields both rose 6%. There were C$40m of non-operating gains in 1994. Operating income trebled to US$162.2m, moving ANA into the black. Boosted by the Kobe earthquake and the strong yen, traffic rose 6.1%. ...
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Boom conditions shift to slowdown
It was only 12 short months ago that the global financial markets were gripped by fear of overheating and inflation. Robust economic growth, particularly in the United States where output soared to 4.7 per cent in 1994, sent the yields on government bonds round the world sharply higher and the ...
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Crisis looms in Thailand
Thailand faces the renewed prospect of its airline industry falling prey to political vested interests in the wake of the dissolution of the Thai government on 19 May and the elections set for 2 July. The dissolution has meant the departure of both the transport and finance ministers, ...