News from FlightGlobal – Page 2303
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Sir Harry cites bad health as he resigns from Air Afrique
Sir Harry Tirvengadum has resigned as chairman of Cote d'Ivoire-based Air Afrique, citing health reasons, but amid claims that political pressure was brought to bear. Tirvengadum asked to be released from his contract as chairman of the troubled multinational carrier on 29 January, after just two years in ...
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Back to the future for Olympic
The encouraging noises that emanated from the management of Olympic Airways little more than 10 weeks ago have again faded as the the Greek carrier lost another managing director. The official line is that Theodore Tsakiridis resigned, but the speed of his departure bore the hallmarks of the political manoeuvring ...
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News in Brief
EasyJet seeks listing - UK low-cost carrier easyJet has announced that it intends to seek a listing on the London stock exchange and the US Nasdaq market early next year, to finance the purchase of the new aircraft it has on order. A spokesman also said that easyJet would drop ...
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Iberia joins oneworld alliance
Iberia is finally cleared to join the oneworld alliance, having tied up agreement with American Airlines and British Airways on their acquisition of small minority stakes in the Spanish flag-carrier. Iberia also now appears to be on course to finish off the year with its long-awaited privatisation. Iberia's ...
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Routes
Japanese codes - Cathay Pacific Airways and Japan Airlines (JAL) are to start codesharing on Hong Kong-Osaka services on 28 March. JAL will also halt its Boeing 767-operated Nagoya-Hong Kong service on 1 April, when it starts codesharing on Cathay's daily service. Meanwhile, All Nippon Airways (ANA) and United Airlines ...
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Japan's majors face loss of slots
Low-cost start-up carriers appear to be having more of an impact on Japan's "big three" than expected and new rules are on the way that could erode their dominance on busy domestic routes. The "big three" - All Nippon Airways, Japan Airlines and Japan Air System - are ...
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Guyana sets sell-off date
The government of Guyana is hoping to have handed over control of Guyana Airways Corporation (GAC) by the end of April. The government's privatisation unit says it had set a deadline of 16 February for would-be purchasers to submit proposals and then it was hoping to complete the sale within ...
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Brazilian carriers fight cash crisis
Brazil's major airlines, which are still suffering the consequences of a fares war last year, are now facing an economic crisis. Latin America's largest economy is in turmoil after the Real, the currency introduced in mid-1994 as part of a plan which successfully halted inflation, collapsed in ...
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American plans Aeroperu bid
In a move that could transform the alliance landscape in Latin America, American Airlines is studying whether to take control of AeroPeru. American is exploiting the vacuum created when Delta and Cintra, the holding company for Aeromexico and Mexicana, refused to inject more cash into unprofitable Aeroperu. Delta ...
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Double Standards
Airlines face a growing array of different and often divergent competition rules, as recent transatlantic cases have shown. David Knibb, a former antitrust lawyer, examines the issues. Antitrust authorities are positioning themselves as the new policeman of the world marketplace. And as they do so, they begin to replace the ...
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Ansett greets Star with fleet upgrade
Ansett Australia is upgrading its fleet to include Boeing 747-400s as it prepares for its entry on 28 March into the Star Alliance. In a surprise move, Australia's second carrier says it will lease two 747-400s for five years from new partner Singapore Airlines (SIA), when leases on two ...
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Low cost: improving the odds
Low-cost entrant airlines in the USA are attracting a lot of government and political support because of their poor success rate. But some industry experts argue there is more that start-ups could do for themselves to better their chances of survival. What do restaurants and airlines have in common? ...
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Low cost or bust
Europe's low-cost experiment is in full flow, but are there casualties waiting? Ever since the low-cost formula began to take root in Europe a couple of years ago, industry observers have been waiting keenly for the first start-up to fail. Even the low-cost pioneers themselves have expressed surprise that ...
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Third Party Pressure
The third party maintenance, repair and overhaul business will consolidate further as the dominant companies seek greater economies of scale and airlines turn their attention back to improving costs. If you were asked to name the landmarks of the aircraft maintenance and overhaul industry over the past year, you ...
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Managing or flying?
It may be desirable to include pilots in airline management, but how far is it economic? Organisation of cockpit crews must rank among the airline industry's most sensitive management issues. And central to that debate is the question over the extent to which pilots themselves should be involved in ...
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Asia faces fallout
The Asian downturn has led to overcapacity in the maintenance market, but there is no sign that the major carriers will let go of their in-house operations. When Hong Kong Aircraft Engineering (HAECO) cut 8% of its workforce at the end of last year, it was seen as an indication ...
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Life starts at 50
SITA may just have turned 50, but its gaze remains firmly fix on the future. Kevin O'Toole talks to chairman John Watson. "People try to categorise SITA but it's just a phenomenon," says its chairman John Watson. The fact that it exists at all is thanks to the foresight of ...
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Licking its wounds
Northwest Airlines had less to celebrate at the end of last year than most of its US competitors. Jane Levere examines the potential impact of last year's battles on this year's performance. For Northwest Airlines, 1998 will go down as the year it would rather forget. The effects of the ...
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BA set to stay in red
British Airways' first quarterly loss in four years has triggered doubts over its grip on premium business markets and analysts expect further losses before things improve. Intense competition, particularly across the Atlantic, finally pushed the group into the red, resulting in a £75 million ($122 million) loss before ...
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US yields spoil the party
Despite a solid set of 1998 results, the US majors are nagged by doubts over yields. After all the pessimism, and the damage of the Northwest Airlines strike, the year-end figures from the US majors held little to complain about. That little something, however, was an overall fall in yields. ...