News from FlightGlobal – Page 2221
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News
Mexico orders TAESA to raise new capital
DAVID KNIBB SEATTLE Officials have told Mexico's third largest airline to improve its financial viability by raising $130 million in new capital within the next 90 days. Taesa is putting a positive spin on the conclusions of a government audit by using them to entice investors. The investment order ...
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KLM uk sets off for low-cost growth
COLIN BAKER LONDON KLM uk has joined the low-fare club as its new buzz brand took to the air in January. It backs predictions that low-cost traffic will triple in the next four years. Floris van Pallandt, KLM uk's chief executive, dismisses suggestions that the London Stansted-based carrier has been ...
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Cargo airlines impose surcharges as fuel soars
PETER CONWAY LONDON Many of the world's major cargo carriers have given in to the inevitable after a rise in the fuel price index by announcing fuel surcharges on their rates, effective from 1 February. Among the airlines which added surcharges in late December were Lufthansa Cargo, Air France, ...
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In the right direction
The virtuous trend towards capacity constraint with which the industry ended last year appear to be holding steady. Kevin O'Toole and Chris Tarry of Commerzbank look for early signs. A couple of months into the new decade and it seems that the industry's resolve is holding. Towards the end ...
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Airbus finally takes a lead
Airbus has taken the lead in its long-running annual order battle with Boeing and is drawing level on backlog, but there is still all to play for as the two manufacturers head into 2000. The battle has been fought out for the best part of three decades, but as ...
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Routes - Europe
Southampton to Frankfurt British Airways franchise British Regional Airlines has introduced a daily service between Southampton and Frankfurt in a bid to attract business travellers looking for an alternative to the main London airports. Air France has doubled its capacity from Southampton to Paris Charles de Gaulle, meanwhile, with ...
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In Brief - Europe
Aer Lingus to be floated The Irish Government has opted to go ahead with an initial public offering for Aer Lingus, rather than offer the oneworld partners a strategic stake in the airline. The flotation is expected late this year or early 2001. The carrier says the exact timing, ...
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Iberian carriers strike alliance deals
BARRY CROSS LONDON Portugal's TAP and Portugália have signed a memorandum of understanding to re-establish co-operation, while Spain's Air Europa is linking with "Wings" . The TAP-Portugália deal, announced in December, revives commercial relations which had been broken off by Portuguese flag carrier TAP 12 months previously. During the summer, ...
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Italy's Gandalf emerges as contender
Gandalf Airlines made Italian aviation history on 23 December when it become only the second carrier in the country, after Alitalia, to undertake a successful initial public offering. The company, which was established by a group of venture capitalists in April 1998, started operations in April 1999. Despite the ...
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British Airways moves towards Internet network
British Airways has begun a major move towards use of the Internet Protocol (IP), signing a five-year $250 million contract for SITA to provide it with an IP-based global network infrastructure. The development will allow BA to add new systems on the IP network rather than on existing ...
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In Brief - Americas
Hawaii gains bilateral rights Washington is inviting foreign airlines to serve Hawaii outside existing bilaterals. Airlines from any country except the UK may now fly to Honolulu and Kona, and from there to the US mainland. Washington hopes these new rights will help boost Hawaii's economy. United e-commerce ...
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Sun Air recovery hopes hit by SAA deal with Safair
ROGER MAKINGS JOHANNESBURG The saga over the liquidation of South African domestic carrier Sun Air has taken a further twist. Liquidators claim to have unearthed a deal between South African Airways (SAA) and leasing company Safair which effectively kills any chance of revival for the defunct carrier. SAA's bid ...
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Sans frontiers?
KAREN WALKER WASHINGTON DC The US Department of Transportation'sChicago conference caused a stirback in December, but will aviation barriers now finally begin to fall? And how feasible is the proposal for a transatlantic common aviation area? The French have a succinct expression for summing up life's tendency to stay ...
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Reform minded
NICHOLAS IONIDES TOKYO Kichisaburo Nomura's appointment as ANA president surprised many observers two years ago and the shocks have continued as he has reshaped Asia's largest passenger carrier. It is probably an understatement to say that Kichisaburo Nomura has surprised observers since his appointment over two years ago as president ...
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Slow change
NICHOLAS IONIDES TOKYO The final changes in Japan's painstakingly slow aviation deregulation, from April, will at last pave the way for more new start-ups For a country that so often leads the world in technological innovation, it is ironic that change in other areas can be painfully slow in ...
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Regional rumba
BRIAN HOMEWOOD RIO DE JANERIO South America's regional scene is shifting rapidly; regional jets, economic upheavals, loosening of government restrictions and the scramble to secure partnerships with major carriers are all having an impact. The idea of travelling on a regional airline in South America usually evokes thoughts of ...
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Finding a new deal
Airline Business looks at the state of finance markets as carriers continue to find innovative ways to keep aircraft liabilities off the balance sheet. A new survey also covers the world's major operating lease companies, including a ranking of the Top 40 groups by fleet value. JACK SELLSBY ...
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Aeroflot eyes new Tu-214 for fleet renewal plans
Aeroflot Russian International Airlines is studying a scheme to lease nine Tupolev Tu-214 twinjets from 2003 to help with its fleet renewal programme. The Tu-214, built by KAPO- Kazan Aircraft Production Factory in Tatarstan, is an increased weight version of the Aviadvigatel PS-90-powered Tu-204-100 produced by Aviastar in Ulyanovsk. ...
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Airports
Orlando Sanford Airport has begun expanding its terminal building. The $25 million expansion will add a two-storey terminal facility of more than 11,150m² (120,000ft²) and will increase the airport's annual capacity by 3 million passengers when completed by February next year. Nice Cote d'Azur Airport is to spend almost Fr1 ...
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British Midland Commuter starts CityLine services
Andrew Doyle/COLOGNE British Midland Commuter was due to start flying services for Lufthansa CityLine on 1 February as part of a deal that will see the UK carrier take over the bulk of the routes from Munich operated by bankrupt Debonair. The wet-lease deal, which was close to ...