All Networks articles – Page 1227
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News
Cathay Pacific and Korean results plummet
Asia-Pacific's flag carriers have begun to reveal the extent of damage done to their finances by the region's economic crisis, led by Cathay Pacific Airways showing profits cut in half and Korean Air (KAL) nursing a record loss. Cathay, which has suffered a massive downturn in traffic, saw net profits ...
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Qantas talks with Cathay break down
Paul Phelan/CAIRNS Talks have broken down between Cathay Pacific and Qantas over the Australian carrier's plans to acquire up to five RB.211-524D4-powered Boeing 747-200s, with airline sources confirming that the carrier expects to consider a wider range of options in the wake of the Asian downturn. These aircraft include new ...
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SunJet backers make move for Kiwi
Aviation Industries, the US airline investment vehicle that is backing Sun Jet's re-emergence from bankruptcy, has increased its stake in Kiwi International and is to negotiate the purchase of the low cost carrier. Kiwi re-emerged from Chapter 11 bankruptcy protection in July with backing from private investor Charles Edwards, who ...
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West to escape Asian slump
US credit rating agency Moody's has added its voice to concerns over the impact of the Asian crisis on the airline industry. It argues, however, that US and European carriers may escape the slump relatively unscathed. Those carriers most heavily dependent on intra-Asian traffic are due to face the ...
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American and BA head talks on alliance to challenge Star group
Max Kingsley-Jones/LONDON Talks are under way which could lead to the creation of a worldwide airline alliance grouping involving British Airways, American Airlines, Japan Airlines (JAL) and Cathay Pacific Airways. If the deal is cemented it would rival that of the Lufthansa/United Airlines-led Star Alliance. JAL, which recently ...
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Air Liberte incorporates TAT and relaunches
Julian Moxon/PARIS French independent carrier Air Liberté has completed the absorption of TAT and has launched a strategy aimed at consolidating its place as France's second largest domestic airline. Fifteen months after Air Liberté was rescued from bankruptcy by British Airways (which owns 70% of the airline), its ...
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Air Nostrum selects CRJ for expansion
Air Nostrum has selected the Canadair Regional Jet (CRJ) for its fleet expansion and concluded a deal with Bombardier for up to ten aircraft. The Spanish regional airline, based in Valencia, has placed a firm order worth C$153.5 million ($108 million) for five CRJ-200ERs, with options on a further ...
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Delta Air Lines takes stake in Aeroperu
As part of strategic efforts to build its presence in South America, Delta Air Lines has agreed to acquire a 35% stake in Aeroperu and enter into a 10-year marketing agreement. Delta's stake will match that of Aeromexico. Both foreign carriers will be represented on Aeroperu's board of directors. ...
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SIA defers Boeing orders and admits more cuts may follow
Paul Lewis/SINGAPORE Asia's economic crisis has finally begun to hit one of the region's sturdier blue chip carriers, Singapore Airlines (SIA), which is slipping delivery of four of its Boeing 747-400 and 777 orders. Meanwhile, Philippines Airlines (PAL) is to defer delivery of three Airbus A320 and two more ...
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Alitalia talks to the EC about release of state-aid restrictions
Alitalia has taken initial soundings from the European Commission (EC) over the prospect of releasing its state-aid restrictions if the Italian carrier moves towards privatisation, possibly within the next year. Chairman Fausto Cereti is understood to have raised the issue in Brussels during talks over the airline's compliance with ...
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Pilots voice concern over BA's plans for AML 777 flights
Kevin O'Toole/LONDON British Airways' plans to use its low cost Airline Management (AML)affiliate to take over new long haul services from London Gatwick next year using Boeing 777s is raising concerns at the British Air Lines Pilots Association (BALPA). AML began flights early in 1997 using BA crews and a ...
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TWA raises fresh cash as 747 flights end
Trans World Airlines has completed its latest $150 million private debt placement. At the same time, TWA completed another phase of its fleet renewal programme with the phasing out on 20 February of its last Boeing 747 (above), after 28 years.Source: Flight International
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Boeing 717 price emerges but fails to meet early hopes
Guy Norris/LOS ANGELES Kevin O'Toole/LONDON As Boeing prepares to reveal an official price for the 717, there are already indications that the 100-seat aircraft will sell for closer to $25 million, deflating hopes among airlines that it could be offered below $20 million. When the aircraft was ...
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Air Belgium to switch from 737s to A320s
Air Belgium is to roll over its CFM International CFM56-powered Boeing 737 fleet and replace them with Airbus Industrie A320s by 1999. The move comes as part of the take-over by Airtours of the Belgian charter airline's tour operator parent, Sunair. The UK tour operator has purchased an 80% ...
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Saega suspends
Saeaga Airlines suspended operations on 1 March and is seeking to sell or lease its fleet . The Malaysian regional airline has two Bombardier de Havilland Dash 8s and a Canadair Regional Jet. It is already in discussions to lease the Dash 8s to a new Brunei regional, Borneo Airways. ...
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Routes
-The US Transportation Department has allowed seven weekly flights each to American Airlines, Delta Air Lines and Continental Airlines for US-Tokyo services following the new US-Japan bilateral agreement. American will inaugurate its Chicago-Tokyo Narita service on 1 May, Delta is to start its new daily Atlanta-Tokyo service on 3 June, ...
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Marketplace
-British Airways regional partner Maersk Air has ordered two additional Bombardier Canadair Regional Jet (CRJ) Series 200LRs for delivery in early 1999. The move marks a continuation of the company's BAC One-Eleven replacement programme, which began late last year with an order for three CRJ-200s. -Alaskan carrier Taquan Air will ...
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French independent taps into new routes
French independent airline AOM has signed a codesharing agreement with TAP Air Portugal under which the two carriers will jointly develop routes to cities in the south of France, Portugal, LatinAmerica and the Caribbean. The deal follows last year's agreement with Swissair, which AOM business director Jean-Marc Janaillac admits ...
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Japan prepares first North Korean flights
Japan has agreed to open its first route into North Korean airspace following the successful completion of international trial flights through the Pyongyang flight information region (FIR). The new route, tentatively designated B332, will run due north from point Miho within the Tokyo FIR, through neighbouring South Korean airspace, ...
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UPS develops people carrying package for charter companies
UPS aims to double the number of weekend charter passengers it carried last year under contract to US cruise lines, tour operators and professional sports organisations. The carrier, better known for transporting parcels than people, is conducting charter flights with five Boeing 727-100 freighters, modified to accept a quick ...