News from FlightGlobal – Page 2208
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Emerging power
Max Kingsley-Jones/MUSCAT Oman Air is embarked on a programme of expansion and restructuring OMAN, on the Gulf's eastern side, rests in the shadows cast by the cosmopolitan regions to its west, such as Abu Dhabi, Bahrain and Dubai. The country has chosen not to follow its neighbours ...
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Rising forces
Rapid growth in Gulf air transport has spawned new carriers and put pressure on others. Max Kingsley-Jones reports. The developing air transport market in the Gulf has been one of the 1990s' most fascinating stories as well as one of the most difficult to unravel - for observers outside the ...
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Gulf bites back
Max Kingsley-Jones/BAHRAIN Gulf Air is fighting back from financial crisis with a clear strategy for the future Gulf Air has been through considerable pain over the past four years. Losses mounted to over $130 million and debts rose to $1.5 billion during two financially disastrous years in the ...
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Deregulated Greek market spawns another start up
Max Kingsley-Jones/LONDON Julian Moxon/PARIS The launch of Greek scheduled carrier Axon Airlines is the latest in a string of developments in the country's air transport market, following the recent introduction of deregulation. The growing band of Greek independent carriers is taking advantage of last year's lapse of the ...
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EC delays hushkit rules as US talks go on
Julian Moxon/PARIS The European Commission (EC) has agreed to delay by four weeks the introduction of tough rules on hushkitted aircraft while negotiations with the USA continue on a compromise deal. The move follows US objections to the ruling, which would ban hushkitted aircraft after 2002 and prohibit ...
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The environment starts to hot up
The environmental debate, it seems, is back with a vengeance. Europe's decision to call a halt to hushkitting has already sparked an acrimonious transatlantic row and there is every indication that this is only for starters. A discussion paper is due from the European Commission (EC) within weeks and, if ...
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PAL creditors back rehabilitation plan
Philippine Airlines (PAL) has received its first real piece of good news since June, as some of its biggest creditors back a make-or-break rehabilitation plan. The airline, which has been in receivership since June with a debt of more than $2.2 billion, filed the new plan with Manila's government-backed Securities ...
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Israeli skies are opened up
Israel has laid down the basis for a competitive airline industry. Not only has the Government granted international passenger rights to domestic carrier Israir, it has also licensed the Tel Aviv-based air transport company, Cargo Airlines (CAL), to compete fully with El Al on international freight routes. Against ...
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US carriers brace for Atlantic fare wars
A $99 one-way introductory fare from United Airlines for its new Boston-London route has carriers on both sides of the Atlantic braced for a fares war. Analysts say the deep cuts being seen this year over the Atlantic is inevitable, given the extra capacity diverted to this market from ...
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News in brief
ProAir eyes public - Detroit-based ProAir plans to go public this year. The new entrant carrier is completing its final, $30 million, private placement and is planning an initial public offering. ProAir, which has received a fourth Boeing 737 and plans to add five this year, aims to add to ...
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THY awaits election, privatisation
THY Turkish Airlines is awaiting the country's national elections on 18 April with bated breath, as its future privatisation and relationship with Qualiflyer partner Swissair hang in the balance. The hope is that a strong coalition government will emerge with the political backing to implement a package of ...
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News in Brief
New Cambodian - A new carrier, President Airlines, has been launched in Cambodia. It operates a single Fokker F27 on four domestic routes from Phnom Penh, plus charters to Bangkok in Thailand and plans to start scheduled services to Bangkok and Singapore. Opening up - Brunei and New ...
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Mexicans divided over Cintra
Mexican ministers have failed to agree on the future of Cintra, the holding company for Aeromexico and Mexicana. Unless they find a way to resolve their differences, the issue could be decided by Mexico's President Zedillo. The immediate question is what sanctions the competition commission can impose on Cintra ...
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Routes
Southwest flies east - Southwest Airlines plans to begin services from Raleigh/Durham, North Carolina, on 6 June, in its latest move into the US East Coast market. The low-fares airline will offer daily nonstop service to five cities: Baltimore/ Washington, Chicago Midway, Nashville, Orlando and Tampa. Raleigh/ Durham-based Midway Airlines ...
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Fine extends range with Arrow addition
Fine Air's purchase of Arrow Air could make it the largest of Miami's all-cargo international airlines, and will certainly extend its reach into South America. Fine Air has been seeking growth through acquisitions for some time. Last year it completed a $120 million bond offering that insiders predicted ...
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Swissair resists Air France deal
Any remaining speculation that Swissair could be headed for an alliance with Air France has been brought to an abrupt end, with group chief executive Philippe Bruggisser taking the opportunity of the SAirGroup annual results round to kill the possibility stone dead. Speculation had rested on the alliance ...
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Zurich Airport put on notice over capacity
Two years ago, as he made his debut as SAirGroup chief executive, Philippe Bruggisser raised a local political storm by pulling back the bulk of Swissair's intercontinental flights from Geneva to the main Zürich hub. Now he has issued a blunt warning that Zürich "is in danger of losing its ...
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Brussels gears up to tackle aviation
The mass resignation of European Commissioners could hardly have been poorer timing for those in Brussels gearing up to tackle major issues in aviation. Brussels had planned to start the year running with initiatives spanning everything from alliances through to Eastern Europe and the environment. The Competition Directorate ...
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Malev restructures and hunts for partners
Hungarian flag carrier Malev is gearing up to join one of the global alliance groupings while pushing ahead with a restructuring programme. New chief Antal Pongracz is keeping its options open, but re-opening talks with British Airways, which broke off last May, will be high on his agenda. ...