Networks – Page 1175
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Philippine Airlines reprieved by union deal
Grounded Philippine Airlines (PAL)has won a reprieve from a final shutdown, following a "yes" vote by ground staff to accept a government-brokered last-ditch deal to revive the ailing carrier financially . The 6,500-strong PAL Employees Association voted on 2 October by a two-to-one margin to accept the deal reached ...
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Double take
Amsterdam-based debis AirFinance has placed its first Airbus A330-200 on a 10-year operating lease with Korean Air. The South Korean flag carrier was also expected to take delivery of a second in late September. Debis AirFinance has also delivered an A330-300 to Thai Airways International on an 11-year operating lease, ...
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Israeli intrigue
El Al is to buy two 767-200ERs from Air France for its routes to Chicago, Hong Kong and Toronto. Israel's national carrier had initially intended to lease the two aircraft from local private carrier Arkia Israeli Airlines. The 767s will be delivered in January and March next year. Source: ...
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Routes
Renewed efforts to step up cooperation between Caribbean carriers could start with the joint handling, purchasing and wet leasing of cargo aircraft. The aim is to improve efficiency in one of the most fragmented air transport markets. US regional carrier Aspen Mountain Air is to restructure its route system ...
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Fare wars sting Brazil
Deregulation and resulting fare wars continue to bite hard into profits at Brazil's four main airlines, with no sign that the worst is over. Varig is blaming the fare wars for its Real $197 million ($168 million) loss reported for the first half year. This is almost triple the figure ...
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Eagle eyes all-jet fleet
American Airlines regional subsidiary American Eagle is planning to become an all-jet operation - a declaration that will put pressure on other US regionals to follow suit. American Eagle confirmed at the UK's Farnborough air show in September that it is to buy 75 Embraer RJ-135 37-seat jets. The ...
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Air India may seek equity
The efforts are on to sell the Indian Government's majority shareholdings in Air India and Indian Airlines. In September, the Disinvestment Commission drafted a detailed plan to sell the 60% stake in Air India, and finance minister Yashwanth Sinha announced the disinvestment of 51% of Indian Airlines. The commission ...
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Cost cuts lift Qantas and Air New Zealand
Cost-cutting continues to underpin strong financial performances by Australasia's two main international carriers, Qantas and Air New Zealand, while the region's third biggest carrier, Ansett, prepares radical measures to fix its cost problems. Investors remain worried by Qantas' exposure to Asia, in spite of management efforts to reduce that ...
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Asians climb out of currency crisis
Two of the flag carriers worst hit by the Asian currency collapse - Philippine Airlines and Indonesia's Garuda - have taken vital steps back from the abyss. PAL has resolved key labour problems while Garuda has renegotiated crippling US-dollar aircraft leases and gained government approval to increase domestic fares. ...
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The rouble plays Russian roulette
First it was the crisis in South East Asia. Now it is meltdown in Russia's financial system that is spreading panic in global markets. The lesson from Asia is that what may start with currency collapse swiftly and inevitably translates into damage for the real economy of production, output and ...
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A question of ownership
For all their advantages, global alliances can go only so far while the issue of foreign ownership remains unresolved US and UK negotiators sit down this month to thrash out a new open skies bilateral. They will face a barrage of pressure from anxious onlookers keen to see their interests ...
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EC faces tussles over slot sales
As US-UK open skies talks remained scheduled for early October, a clarification of the UK Government's position on the British Airways-American transatlantic alliance was awaited. In deciding how many slots the prospective alliance partners will have to relinquish at London Heathrow and Gatwick airports and whether or not they ...
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British Airways GOes into cut-throat price battleground
Less than five months after British Airways started up its controversial low-cost operation at London Stansted, GO has sparked off what promises to be a cut-throat price war in Europe. The battle began on 7 September, the day before GO launched onto the high density London-Edinburgh route. Determined to face ...
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Spanish launch
New Spanish regional European Regions Airlines (ERA) has outlined preliminary plans for a start-up early next year. The airline will base two ERJ-145s at Vitoria, from where it will develop a route network which will initially serve London, Paris, Stuttgart and Amsterdam. Source: Airline Business
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Russia crisis hits home
A contraction in the Russian airline industry is now almost inevitable, after nearly a month of financial uncertainty left the rouble heavily devalued from its level of mid-August. The devaluation will almost certainly lead to a general economic downturn in Russia with passenger numbers and cargo traffic both dropping off ...
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Swiss face testing times
Swissair certainly has its plate full. While the carrier is making forays into neighbouring Italy competition from lower cost operators is growing at home. After a string of false starts, Swiss World Airways (SWA) has got off the ground at Geneva, following Swissair's decision 16 months ago to move ...
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Braathens raises Swedish stakes
The battle for dominance in Scandinavian skies has taken another twist, with Norway's Braathens taking over Swedish regional Malmo Aviation. The SKr600 million ($74 million) acquisition is the latest in a series of aggressive manoeuvres, redrawing the aviation map of Scandinavia. Braathens has already taken over Transwede (now Braathens Sweden), ...
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West beats Asia retreat
As western carriers continue their retreat from Asia, the region's airlines are starting to fill in some of the gaps. This capacity redeployment by the foreign majors has given Asian alliances a welcome boost. New schedules effective 25 October show a continuing shift of non-Asian capacity out of the ...
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Pilots kill Delta pact with United
Delta Air Lines and United Airlines have scaled back plans for a virtual merger after the withdrawal of support from Delta's pilots. The failure of this, the largest of the proposed US domestic mergers, raises doubts over the extent to which the other US carriers will pursue alliance plans. ...
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Hercules ends Fine merger
Fine Air and Southern Air Transport have scrubbed merger plans after failing to agree what to do with Southern's Lockheed L-1011 Hercules. The two US second-tier cargo carriers will go their separate ways, even though Miami-based Fine wants to expand its Latin American and Caribbean network. Fine was interested ...