All Networks articles – Page 1184
-
News
Boeing's Mulally details 'better plan' for profits
Andrew Doyle/SEATTLE New Boeing Commercial Airplanes president, Alan Mulally, has pledged to get the manufacturer's troubled airliner production lines back on track within the next 12 months as part of what he calls his "better plan" for restoring the company's flagging profitability. Mulally, brought in to replace Ron Woodard, ...
-
News
Financial troubles force Transaero to cut back
Paul Duffy/MOSCOW Transaero, Russia 's third largest carrier, has scaled back its operations by about 30%, with further reductions expected to follow in the face of continuing financial problems at the airline and the worsening domestic economy. Among the first services to be dropped are flights on the Moscow-Riga-London ...
-
News
Airports
-The long-awaited start of construction of the Guangzhou New Airport in China has moved closer with the award of the initial design contract for the passenger terminal to Parsons Greiner of the USA. The deal, worth about $10 million, represents one of the first significant contracts to be awarded since ...
-
News
China Airlines shares will go on the market
Taiwan's state-controlled China Aviation Development Foundation (CADF) has approved the proposed sale of half of its 71% majority stake in China Airlines (CAL) to yet to be identified local or foreign investors. CADF plans to reduce its holding in CAL to 35.5%, as part of a move to revamp ...
-
News
Air Niugini reduces debt with Government cash
Papua New Guinea (PNG) has boosted Air Niugini's capital base to over kina60 million ($22 million) with a kina50 million cash injection, as part of a wider effort to restructure the airline. The injection will allow the carrier to reduce its debt to PNG Banking, believed to exceed kina150 million. ...
-
News
SAir Group acquires major Air Europe stake
Marco Messalla/MILAN Swissair parent SAir Group is to grow its increasing portfolio of small European airlines by taking the maximum permitted stake in Italian long-range charter carrier Air Europe, through the purchase of 49.9% of Dutch-based holding company Tegel. The move follows the recent purchase of 44%of France's Air ...
-
News
Royal Brunei is forced to delay A319s by new management
Paul Lewis/SINGAPORE Royal Brunei Airlines (RBA) has been forced to postpone taking delivery of two Airbus A319s in the wake of a senior management shake-up within the company, and after having failed to meet payment deadlines to the manufacturer. RBA had been scheduled to take delivery of the ...
-
News
British Midland goes regional with ERJ-145s
Max Kingsley-Jones/LONDON British Midland (BM) has confirmed its expected move into regional jet operations, with a $200 million order for up to 15 Embraer RJ-145s. The airline, however, has not yet finalised its fleet plans for long haul aircraft, but has held delivery positions with Airbus Industrie and Boeing ...
-
News
SIA profits down
Singapore Airlines (SIA) blamed the Asian economic downturn for its poor financial performance for the first half of its 1998 financial year with operating profits plummeting 44% to S$246 million ($x million), a drop of S$195 million on 1997 first half figures. Revenues were down $87 million at $3.43 billion. ...
-
News
Routes
-Transavia will begin year-round, scheduled services from Amsterdam Schiphol to Seville and to Rhodes in its 1999 summer season. -LTU resumes weekly non-stop flights between Munich and Cape Town on 6 November with a Boeing 767-300ER. The airline temporarily suspended flights to Cape Town six months ago, quoting less demand ...
-
News
Qantas suspends regional services
Paul Phelan/CAIRNS Australian flag carrier Qantas suspended regional services to several eastern New South Wales provincial centres on 30 October, because of safety concerns over a trial of proposed new flight information and communication rules in uncontrolled "Class G" airspace. Up to 41 incidents reported in the first ...
-
News
Marketplace
-Frontier Airlines is leasing a Boeing 737-200 from Interlease Aviation Investors, and two new 737-300s, one from Air New Zealand and another from Heller Financial. The -200 has been delivered, while the two 136-seat -300s will go into service with the Denver-based airline in December. -TransAer has introduced its tenth ...
-
News
Winners and losers
Brent Hannon/MANILA New carriers launched since aviation was deregulated in the Philippines in late 1994 have enjoyed rapid growth as a result of the prolonged crisis at Philippine Airlines (PAL). The crisis, which came to a head with a pilots' strike in June this year and a two-week cessation ...
-
News
British Midland to outline fleet expansion for long haul services
Max Kingsley-Jones/LONDON British Midland (BM) will this week outline plans to acquire a fleet of long-haul aircraft, as well as new deals for additional short-haul aircraft. In February, the UK airline unveiled plans for transatlantic services from London Heathrow in anticipation of a UK/US "open skies" accord, and ...
-
News
USA moves to block Northwest bid for Continental
The civil lawsuit which the US Department of Justice (DoJ) filed in late October to block Northwest Airlines from purchasing a controlling stake in Continental Airlines could take federal courts years to resolve. The airlines describe the DoJ's claims as groundless, and Northwest still plans to buy the 51% ...
-
News
PAL resumes service as courts order aircraft to be returned
Brent Hannon/TAIPEI Philippine Airlines (PAL) was able to relaunch international flights on 29 October, following a US court decision ordering the US Exim bank to return its seized Boeing 747-400s to the struggling carrier. The airline has also received approval from Manila's Securities and Exchange Commission (SEC) to return ...
-
News
More Air Do routes
Japan's transport ministry has licensed Hokkaido International Airlines, known as Air Do, to fly between Tokyo and Sapporo. The new carrier will fly three round trip services daily from 20 December, with fares to be set at 36% lower than existing ticket prices. Air Do is the second new Japanese ...
-
News
UK halts Air Atlanta leasing in parts maintenance inquiry
David Learmount/LONDON In a surprise move, the UK Civil Aviation Authority suspended operating permission for five days for UK airlines to lease aircraft from Air Atlanta Icelandic. The issue, says the CAA, was the manner in which Air Atlanta was using an out-of-service Boeing 747 to supply parts for ...
-
News
Japan Air Lines ramps up efficiency plan
Japan Air Lines plans to accelerate efficiency improvements across the airline including a reduction of up to 10 aircraft in its fleet acquisition planning. Measures in the new"strategic business plan" include: achievement of a 10% cost reduction is to be brought forward from March ...
-
News
Air Canada loss
Air Canada suffered a net loss of C$61 million ($40 million) during the third quarter, down C$242 million on the same quarter in 1997. The airline warns that the worsening performance of certain international and domestic routes will require fundamental changes to its business plan for 1999, possibly including order ...