News from FlightGlobal – Page 1553
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Concerted drive for savings
Cost-cutting efforts are being stepped up at most major Asia-Pacific airlines as profits are generally falling across the board amid a progressive fading of fuel hedging benefits.
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Playing patience
If this is the start of a downturn it could be wise to wait before placing aircraft orders, writes Chris Tarry of CTAIRA, with analyses from Fabrice Tacoun
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Legacy carriers feel profit pressure
Sky high fuel costs and the relentless march of the low-cost competition continue to erode the profits of Europe’s legacy carriers.
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ACE fortifies Air Canada
ACE Aviation, Air Canada’s holding company, is pondering whether to sell all or part of the airline to stimulate its market value and ward off a possible takeover.
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The Great Wall falls
The acquisition of Dragonair by Cathay Pacific Airways, where Air China is also buying into Cathay, is sending tremors around the region. The deal, which sets free a market artificially restrained for years, is set to radically change the balance of air power
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Slot shake-up
A reform in the rules that allocate slots at Europe’s airports to make the most of a scarce resource is long overdue, argues Dan Edwards, international aviation policy advisor at the UK CAA
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A glimmer of blue in Open Skies
Open Skies supporters on both sides of the Atlantic say they can reach agreement by early next year despite publicity-grabbing manoeuvres in the US Congress to scuttle the initiative.
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Industry reaches the peak
As high oil prices stifle airline efforts to restore profitability, there were warnings at the recent IATA Annual General Meeting (AGM) that this is as good as it gets for the industry.
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Love Field war is over
The battle of Love Field, the close-in Dallas airport that is the home base of Southwest Airlines, is ending, but with little love lost.