News from FlightGlobal – Page 2202
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News
Legend in the making
Since declaring plans to launch an all first-class airline out of Dallas, Texas, management at Legend have fought an uphill battle to get off the ground. It could turn into the stuff of which legends are made - a US startup, with a flamboyant and outspoken chief executive, exploiting ...
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Two bid for Ansett half stake
Singapore Airlines (SIA) and Air New Zealand (ANZ) each want the half interest in Ansett Holdings that News Corporation is selling for A$500 million ($315 million). ANZ owns half of Ansett Holdings, which in turn owns 49% of Ansett International Airlines and 100% of Ansett Australian Airlines. When ...
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JAL turns the corner but ANA struggles
Recovery has started sooner for Japan Airlines (JAL) than for All Nippon Airways (ANA). JAL has returned to profit, but both carriers face the twin threats of recession and domestic competition. Figures for the financial year ending 31 March will not be available until May, but the ...
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Pilot strife hits Asia
Cathay Pacific Airways and Royal Nepal Airlines have lengthened the list of Asian carriers suffering from discontented pilots. Troubled Royal Nepal suffered a serious problem in March when its pilots went on strike, grounding the carrier for 10 days. The dispute stemmed from the Kathmandu-based airline's controversial ...
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PAL suffers new rejection
The Philippine Airlines (PAL) soap opera continued in March and April, with a new episode nearly every day in the carrier's fight for survival. As of mid-April, Manila's Securities and Exchange Commission (SEC) had rejected a second rehabilitation plan filed by the airline in March, on the grounds ...
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Routes
Australian deal - Under a revised agreement, Australia and Austria are to allow unlimited cargo flights and greatly boost passenger allowances between the two countries. Austrian carriers are granted an immediate 53% increase in the number of seats sold, while airlines from both countries can add extra flights from October ...
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China battles airline losses
China's Civil Aviation Administration of China (CAAC) is taking steps to help turn around the country's airlines after last year's loss of over ´6 billion ($725 million). Topping the list is a plan to merge China's 40 airlines into three to six groups. Liu Jianfeng, CAAC director, announced ...
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Rights and wrongs
Passenger rights bills are currently winding their way through US Congress. Are passengers set for a better deal? Twenty one years after the US Government gave the airlines free rein to run their businesses as they saw fit, Congressional fingers are beginning to itch. A glance at the various ...
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No flag in its future
Venezuela has been without a flag-carrier since Viasa's demise. With no heir apparent, David Knibb assesses where the country heads from here A single day in March said much about the transition under way in Venezuela's airline industry. Workmen changed the doorlocks of the offices of Venezuela's new director general ...
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All change in Taiwan
Sandy Liu, newly-confirmed president of China Airlines, is resorting to a radical approach to turn the airline around. Nicholas Ionides reports from Taipei. When Sandy Liu, president of China Airlines (CAL) has time on his hands, he picks up the company's internal telephone directory and picks a name. Liu then ...
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Phone alone
Handheld internet terminals, led by the mobile phone, are promising to revolutionise contact with the customer. Jackie Gallacher reports. Hold onto your mobile phones, the wireless internet is coming your way. Scarcely has the world got to grips with email and the internet on personal computers, than the next ...
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Growth continues
Regional airlines continue to thrive around the world, with traffic and profits climbing again last year, as the latest rankings indicate. But there are structural issues on the horizon as Kevin O'Toole, Karen Walker, Jackie Gallacher and Tom Gill report. And so regional markets continue to boom. Equipped with ...
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New Greek hopefuls line up
The spawning of domestic start-ups in the Greek market following the introduction of deregulation is increasing the pressure on troubled flag carrier Olympic Airways. The European Commission's agreement giving Olympic exclusive rights to serve the Greek islands ended last year and a group of eager start-ups ...
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News in Brief
AirTran profit - AirTran has posted a profit for the first three months of the year, reporting net income of $3.1 million compared with a net loss of $7.9 million in the first quarter of 1998. Boeing reshape - Boeing has restructured its finance organisation in a ...
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News
Routes
BM's Russian accord - British Midland has outlined an agreement in which with its Russian partner, Transaero, will fly one weekly to Moscow while BMwill fly four services. British Midland has just been designated as the second carrier, after British Airways, on the London-Moscow route. US Air goes ...
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Taesa profit kicks off recovery
Taesa, Mexico's third largest airline, made an operating profit of $31 million for last year after a four-year recovery from foreign debt. That could lead to new investors this year and a listing on the country's stock exchange within two or three years. But the key to further progress is ...
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Argentina and USA talk again
Argentinian and US negotiators will meet again after failing to agree on a new bilateral. Earlier this year, presidents Bill Clinton and Carlos Menem asked their negotiators to wrap up an accord by March, which they hoped would result in an open skies agreement. A main sticking point is ...
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Micronesia faces change
Aviation ministers from four island nations in Micronesia are considering the launch of a joint regional airline to safeguard air transport in the region, now apparently heading toward less certain times. Ministers from the Marshall Islands, the Federated States of Micronesia, Nauru and Kiribati have retained an Australian-based ...
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Pilots hamper TAP privatisation
SAirGroup has agreed to take a stake in Tap Air Portugal, but a dispute over pilots' pay may jeopardise the Portuguese carrier's fragile profitability and remaining privatisation plans. As expected, Swissair's parent is to cement its relationship with the Portuguese flag carrier by taking a 20% stake, pending ...
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Iberia sues pilots for strike damages
Iberia is the second major airline in less than two months to sue its pilots, but American Airlines pilots have jumped to their help. Spanish pilots' union Sepla, which has announced a halt in months of escalating industrial action, is facing a possible fine of Ptas4.3 billion ($29 ...