Networks – Page 1266
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Gulf Air funding finally agreed as losses start to fall
Gulf Air says that its state shareholders have agreed to $200 million in fresh funding, ending months of boardroom negotiations over shoring up the carrier's crisis-hit finances. The deal was finally struck at a board meeting held in Doha, Qatar, in April. Chief executive Shaikh Ahmed bin Saif ...
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South Africa draws up shortlist for Sun Air
South Africa has drawn up a shortlist of potential bidders for Sun Air in the first phase of the regional airline's privatisation. The list includes Air France, Malaysian Airlines (MAS), Virgin Atlantic and South African domestic carrier Comair, which acts as a British Airways franchise operator. Alongside the ...
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Canadian pair plan shake-ups
Canada's regional carriers face a shake-up following a decision by the country's two largest airlines to consider restructuring their domestic operations. Air Canada set the ball rolling by announcing a review of operations which could lead to a restructuring of four regional carriers - Air BC, Air Ontario, ...
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Slow domestic market makes ANA look abroad for growth
All Nippon Airways (ANA) has announced plans for a large-scale expansion of its international operations over the next five years, as the carrier faces the prospect of slower growth and increased competition at home. Under ANA's mid-term 1997-2001 corporate plan, international operations will be expanded from 30% to ...
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First Ilyushin Il-96T is rolled out at Voronezh
The first series production version of the Pratt & Whitney PW2000-powered Ilyushin Il-96, a-96T freighter, was rolled out at the VASO plant in Voronezh on 26 April. The Russian prime minister, Victor Chernomyrdin, attended the ceremony, stressing the political significance of the event. Twenty of the PW2337-powered aircraft ...
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Lufthansa 747 'Classic' digital cockpit retrofit is certificated
The first Boeing 747 "Classic" to be retrofitted with a digital cockpit has been certificated by the German civil aviation authority. The aircraft, an ex-United Airlines 747SPbelonging to the Brunei royal family, was modified by Lufthansa Technik in Hamburg, Germany (Flight International, 26 June-2 July, 1996). It has ...
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R-R will speed up Trent 8100
Rolls-Royce has reached agreement with Boeing to advance the development and certification of its planned 445kN (100,000lb)-thrust Trent 8100 growth engine by nine months, allowing the powerplant to enter service on the proposed 777-200X and -300X derivatives by 2001. The revised Trent 8100 schedule is contained in a ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Cathay Pacific Y Dec 31 492.5 385.0 4,187 6.3 China Airlines* Y Dec 31 46.6 45.0 1,887 ...
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Battle of wills
Washington has changed tactics on Japan. When President Clinton wrote to Prime Minister Hashimoto last September to urge that Japan and the US replace their contentious bilateral with a new open skies agreement, that represented a change of thinking in Washington. For eight years the administrations had insisted on Tokyo's ...
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Korea opens with a catch
South Korea, long considered a non-starter in US efforts to forge open skies in Asia, is hinting that it may yet join the party, but Seoul's insistence on preconditions is likely to sit awkwardly in Washington. A Korean transport ministry official says his country is willing to sign ...
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Latin cargo tempts Asia
Access to unlimited beyond rights is one of the main goals for the US in its global drive for open skies and now Asian carriers are discovering there may yet be benefits in return, in the booming Latin American cargo market at least. China Airlines will become the ...
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LOTs of luck at third try?
The management at LOT has got its hands full. Not only is this year crucial for the third attempt at a partial sell-off but the Polish carrier is also introducing five new aircraft, resulting in the biggest single capacity hike ever. After the government blocked the first attempt ...
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Eagle eyes regional jets
The long-running dispute between American Airlines management and its pilots seems likely to be resolved this month, but at a high cost to the airline. In return for compromises on the issue of regional jets, the pilots have won a wage increase that is almost double that of the previous ...
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Euro agents fight change
European travel agents are portraying their attempts at resisting the rising tide of commission cuts as a case of the biblical slaying of Goliath by David and, in most cases, they are right. But the tables are reversed in the case of low-cost operator Ryanair, which is one of the ...
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Having fun in Brussels
As Sabena throws itself into revamping its shaky operations it had better remember to watch its back. Both Virgin Express and City Bird are attacking the flag carrier's Brussels base with gusto. The two airlines claim to be revolutionising the services on offer in Europe with a cheap, ...
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China set to fuel mergers
China looks set to hike fuel prices to try to force further consolidation among its many unprofitable local carriers as local fares are set to rise. The authorities have already cleared airlines to raise air fares for local residents by up to 20 per cent from July following ...
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Chinas start strait talking
The countdown to Hong Kong's handover is starting to realign China-Taiwan aeropolitics. There has been little progress in the two years since Taipei predicted direct flights would start in 1997, but there are signs that China and Taiwan want better relations and are willing to take tentative steps towards direct ...
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Crossair tries back door
Swiss regional carrier Crossair has taken a 35 per cent stake in a proposed French startup carrier, in an attempt to improve its access to the European Union market. Initially, Euro Continental Airways would operate two Crossair Saab 2000s from major French cities to the French sector of ...
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Digest
Delta Air Lines has extended its SkyMiles FFP to Air France and Korean Air, while British Airways and American Airlines have extended their FFP links. British Airways introduced two daily flights from Manchester to Warsaw and two weekly flights from London/Gatwick to Krakow. In return LOT Polish Airlines ...
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American Eagle joins the jet set
Phew. It was a tough negotiation, as all union talks are. A strike was avoided only after presidential intervention. Nobody is entirely happy with the outcome. But there is a palpable sense of relief throughout the industry that American Airlines and its pilots have, at last, reached an accommodation. ...