News from FlightGlobal – Page 2287
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News
Asian storm hits Garuda
The Asian economic slump is reinforcing industry opinion that the outlook for Indonesian carrier Garuda is bleak. Aviation analyst Nora Chang of HSBC James Capel echoes the general industry view when she rates Garuda's survival chances as 'poor'. But the Indonesian carrier is desperately cutting costs in a bid ...
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JAL takes big write-down
Japan Airlines has turned the year of the tiger into the year of cleaning up its balance sheet. JAL ended its financial year with a massive write-off which aims to speed its return to profits. Without the write-off of US$1.2 billion on 31 March, JAL would have reported a ...
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Emirates buys Lanka
Armed with a restructuring plan, Emirates Airlines has stepped in as a strategic investor for Air Lanka. The Sri Lankan government has sold a 40 per cent stake in Air Lanka to Emirates for US$70 million in cash. Sri Lankan aviation minister Dharmasiri Senanayake says Emirates has already paid ...
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US boost for Latin club
Trans World Airlines was planning in late April to join US Airways and become the second US airline partner in the regional frequent flyer programme, LatinPass. This follows the recent decision by Venezuela's Aeropostal, following its privatisation and revival, to join LatinPass. The addition of the two new members ...
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Poles apart from capital?
A proposed change in Polish state ownership law could further delay a vital capital injection for cash-starved LOT Polish Airlines, just as the Polish government lines up potential investors. The Polish government was due to shortlist consortium bidders for LOT in April and declare a winner by the end ...
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Oz-Latin accord
Qantas expected in April to announce a codeshare on the Sydney-Auckland-Buenos Aires route operated by Aerolineas Argentinas. The Australian carrier is also considering its own Latin American flights as part of a capacity redeployment from Asia to markets with more potential. Source: Airline Business
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Continental leads CRS bypass move
The continuing battle between airlines and computerised reservations systems over rising costs took an unexpected twist in late March when Continental Airlines forced Galileo International to rescind a new fee it planned to impose on electronic tickets. Continental also announced that it planned to cut its distribution costs further by ...
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Chaos reigns at Olympic
Olympic Airways' employees are taking strike action over the Socialist government's decision to impose new working conditions. A series of strikes by Olympic workers in April reduced the flag carrier's services to one daily flight to one destination. Some 50 international and 30 domestic flights were being cancelled daily, ...
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Peru turns protective
Peru's President Alberto Fujimori has completed a changeover in aviation administrators and his new team is already taking a closer look at the implications of liberalisation for Peruvian airlines. Fujimori's latest personnel change was to replace the current head of the Director General Transportes Aereos (DGTA)with a new appointee, ...
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Shooting stars
The world's regional airlines grew strongly in 1997, and this sector remained the most profitable. Survey compiled by Tim Welch of Air Transport Intelligence and Richard Whitaker. The regional airline industry continues to be the healthiest sector in the business, judging by the results of this year's Airline Business Regional ...
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Euro no frills switch bases
As British Airways' low cost Go takes to the skies, the UK's leading no frills carrier, EasyJet, is expanding overseas while low-cost Virgin Express eyes a UK base. Go is due to start flying out of its London/Stansted base to Rome/Ciampino on 22 May, Milan/Malpensa on 23 May and ...
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Swiss qualify new partners
Swissair has expanded its European alliance to include TAP Air Portugal, THY Turkish Airlines and AOM of France and agreed to buy up to a 20 per cent stake in TAP. TAP, Turkish Airlines and AOM will join Swissair's existing partners Austrian Airlines and Sabena in an alliance to ...
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French open gates to US
Both Continental Airlines and Delta Air Lines were swift to respond to the new US-French bilateral by declaring their intentions to formalise codeshare agreements with Air France. The bilateral, initialled in Paris on 8 April, will allow full open skies to be phased in over five years, and immediately ...
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Suffering from exposure
As the Asian crisis bites deeper, the potential impact on the values of widebody aircraft in particular is only just beginning to become apparent to investors. Report by Angus Williamson. The financial and economic crisis affecting several of the East Asian 'tiger' economies has so far produced muted repercussions ...
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Avensa roots for routes
The Venezuelan supreme court is set to rule on Avensa's challenge to an attempt by General Moises Orozco, minister of transport, to revoke its 1987 award of European routes. Avensa did not operate those routes during a period when former flag carrier Viasa was also flying to Europe. Orozco ...
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US to defuse time bomb?
The US Federal Aviation Administration admits that the year 2000 computer issue needs to be addressed on an international basis but is reluctant to take a leadership role. Instead the FAA suggests that the International Civil Aviation Organisation might be a better candidate. The FAA's reluctance stems from two ...
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BE-200 Flight Plan
The first flight of the Beriev Be-200 twin turbofan amphibian, which was rolled out in September 1996, has slipped further and is now scheduled for June. Alexei Fedorov, chairman of the Russian design bureau, says the aircraft is undergoing ground testing of its electrical systems. Meanwhile, the twin engined Be-103 ...
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AB Airlines Floats airline
AB Airlines, the five-year-old UK independent, has listed on the London stock market. AB aims to raise £9 million to pay deposits on new aircraft due to replace its three BAC One-Elevens. Two Boeing 737-300s will arrive in May with deposits paid on six -700s due in 2001. The airline ...
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Air France pilots receive scant sympathy from US colleagues
The US airline pilots association (ALPA) has provided an ambiguous reply to the request by Air France's main pilots' union, the SNPL, for a critical analysis of the carrier's salary structure. The SNPL is objecting strongly to Air France's insistence on a two-tier salary level and a 15% reduction ...
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Airbus lowers A3XX numbers
Max Kingsley-Jones/LONDON Airbus Industrie's latest long range market forecast has maintained a bullish outlook for jet airliner demand over the next 20 years, despite the present Asian economic crisis, but its analysis has shifted towards greater demand for smaller aircraft compared to 1997 predictions, and reduced the size of ...