All news – Page 7730
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Air China will go to market
Despite speculation to the contrary, Air China president Yin Wenlong insists the carrier will list on the New York stock exchange and is already being urged to do so by several major international financial institutions. He also says a Hong Kong-based finance house - Yin refuses to identify ...
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US FEAT fetish
US investment and finance group American International Group has teamed up with several Taiwanese conglomerates, led by China Development Corp, to take a 56.1 per cent stake in Far East Air Transportation Corp for $291 million. FEAT is the country's largest domestic carrier with around 40 per cent of the ...
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Meeting market needs is essential
Airlines are turning their organisations upside down - creating new problemsIn examining the airline business, many company strategists are working overtime these days. Following the disastrous start to the 1990s, most airlines are going through the most intensive period of soul-searching ever. They are asking questions like: What is our ...
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Coveting the other's home
British Airways and Lufthansa are increasing penetration of each other's home markets through airlines they have minority stakes in - the UK major with Deutsche BA and its German rival through Business Air. But the strategies are markedly different. At Deutsche BA, BA managing director Robert Ayling is ...
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GAO allies to profit motive
It may come as no surprise that the long-awaited study by the US General Accounting Office has concluded that codesharing alliances can be lucrative. But what is surprising is the degree to which these partnerships profit, and the speed with which the agreements produce results. The GAO study, ...
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Oz in battle on HK
Australian air service negotiators are under mounting pressure as they grapple with a potential crisis in bilateral relations with Hong Kong and the prospect of a major equity link between Ansett and Air New Zealand, which could put the status of a range of bilateral agreements in doubt. ...
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Indian scene starts to slip
The long-awaited clear out in the overcrowded Indian domestic market appears close at hand, with the owners of at least one private operator considering pulling out of the business. As the private domestic operators report declining load factors and plunging profits, the owner of Damania Airways is seriously ...
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Virgin's eggs in US basket
The full focus of the Virgin Atlantic-British Airways battle switches to the US following an out-of-court settlement of the UK legal case. Virgin accepted British Airways' offer to settle the case in early March with both sides picking up each other's legal costs. Unusual enough, but even stranger ...
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Talks labour on rocky trail
Negotiations between labour and management continue unabated at USAir, whose pilots in late March agreed in principle to a concessions-for-equity deal. Meanwhile, Canadian Airlines International is following the lead of its US counterpart by threatening unions with a corporate downsizing if concessions are not obtained. USAir negotiators finally ...
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Zamex zeal to grip Africa
The launch of the Zambian carrier Zamex could prove the first step to wider implementation of the Yamoussoukro Declaration, backed by South African expertise. The carrier, which started domestic and regional operations on 3 April, is a joint venture between South African domestic airline SA Express, with 49 ...
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Viva left to charter life
Labour demands appear to have pushed Iberia to strip its low-cost subsidiary, Viva, of its scheduled routes, leaving it to battle for a share of a charter market dominated by foreign carriers. The Spanish flag carrier has already taken back the Africa and Middle East routes from Viva ...
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SAS shares out
SAS will introduce a profit share scheme for its 1995 results, to be paid out in next April. All group employees are eligible though the maximum individual payment is SKr10,000 ($1,360). Source: Airline Business
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Thai plan to oust military
A political head of steam is building up in Thailand to break the air force's dominance of civil aviation. The first clear sign of success would see the state-sponsored launch of an airline independent of current Thai state aviation interests. The plan would see the startup compete with ...
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Open skies, open scraps
As Canadian carriers prepare for flights to the US under the open skies agreement, US airlines are competing for temporary awards of rights to Toronto that could become permanent. Since the US Department of Transportation gave out 17, ostensibly temporary, US-Canada route awards in February, there has been ...
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Japan's case is on the rise
It has taken years, but Japanese transport officials appear to have their first chance of forcing the US into a renegotiation of the 43-year-old bilateral over beyond rights from Kansai/Osaka. Japan has long complained that US airlines have unfair competitive advantages over Japanese carriers as a result of ...
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PAL thriller in Manila again
The perennial battle for control of Philippine Airlines is on again with renewed ferocity, and this time the Philippine Securities and Exchange Commission rather than PAL's investors is set to decide the outcome. This latest row started in February after major shareholder Lucio Tan ousted Carlos Dominguez, PAL's ...
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Carlzon back
Jan Carlzon, former CEO of SAS is to head up Transpool, a holding company that will bring together Transwede, SAS' Swedish rival, and Nordpool, which controls 30 per cent of the Nordic package holiday market. The move, which should boost Transwede's charter operations, will see Carlzon become chairman of all ...
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Opt-out halts Swiss talks
The only significant hurdle that appears to stand between Swissair taking a 49 per cent stake in Sabena is the European Commission. Ironically, it has not been Swissair's bid to gain access to the internal European market through the backdoor that has cast the Commission in the role ...
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Civil approach
"The only way we can operate here is by building confidence with the local forces and being, as we say, firm, fair and friendly," says Royal Swedish Air Force Lt. Col. Jan Reuterdahl, United Nations (UN) Senior Air Operations Officer in Zagreb, Croatia. "If we have problems with local forces, ...
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Oil factor
Since the conflict between the UK and Argentina over ownership of the Falklands ended in 1982, the South Atlantic archipelago has largely been forgotten. The UK Government continued to pay attention to the islands for a short time after the war and set in motion construction of an international airport ...