News from FlightGlobal – Page 2372

  • News

    French make waves in Fiji

    1997-06-01T00:00:00Z

    It's normally the US that stands accused of neo-colonialism. But not to be outdone, France has decided it too can play the game and the focus of its efforts is the tiny Pacific island of Fiji. The island's government, a major recipient of overseas aid from the European ...

  • News

    BA fuels Air Algerie spat

    1997-06-01T00:00:00Z

    Air Algérie hasn't exactly received the warmest welcome back to Paris/Charles de Gaulle since it resumed flights from the airport in April, with British Airways leading a 34-airline protest against security arrangements at the French airport. The UK carrier is concerned about sharing a baggage conveyor with Air ...

  • News

    Alitalia too late for aid?

    1997-06-01T00:00:00Z

    Alitalia appears to be a victim of the 'first come, first served' principle. Brussels has rejected the Italian carrier's amended restructuring plan yet cleared Air France's final tranche of state aid. But the legal challenge to Air France's aid has moved a step further. The Commission informed Alitalia ...

  • News

    Partners for now

    1997-06-01T00:00:00Z

    Every year sees a major change to the global alliance movement and this year's survey, the fourth consecutive since 1994/95, is no exception. Last year SAS left the European Quality Alliance for Lufthansa, while this time British Airways ditched its codeshare with US Airways in favour of American Airlines. With ...

  • News

    ANA homes in on losses

    1997-06-01T00:00:00Z

    All Nippon Airways believes it may soon be able to restructure its massive domestic network by dropping a significant number of unprofitable routes, a move barred until now under government regulation. The airline says it 'understands' further domestic liberalisation, which has already seen an easing of fare controls ...

  • News

    The good European

    1997-06-01T00:00:00Z

    What do you get if you cross an English mother company with French and German subsidiaries? The airline industry is still waiting for the punchline as British Airways pursues its so far unprofitable attempts to move into the French and German domestic markets via subsidiaries TAT/Air Liberté and Deutsche BA. ...

  • News

    Foreigners out

    1997-06-01T00:00:00Z

    India's ban on foreign airlines investing in domestic carriers still stands, despite the collapse of the government in April. New prime minister Kumar Gujral has retained transport minister C M Ibrahim, architect of the foreign equity ban, while free marketeer P Chidambaram has resigned as finance minister. However, there is ...

  • News

    Cathay axes offshore plan

    1997-06-01T00:00:00Z

    Plans by Hong Kong flag carrier Cathay Pacific to cut labour costs by setting up a cabin crew base in Bangkok have had to be abandoned following complaints by attendants that the rostering system was unworkable. The move is a body blow to a longer term scheme to ...

  • News

    US opens up centre

    1997-06-01T00:00:00Z

    Sceptics could be forgiven for questioning the true 'open' nature ofthe new US open skies agreements with six Central American countries since carriers from two of the countries are prohibited from flying to the US. Costa Rica, El Salvador, Honduras, Guatemala, Nicaragua and Panama each signed open skies ...

  • News

    CNAC enters stock race

    1997-06-01T00:00:00Z

    Two of China's leading aviation companies are embroiled in a race to list on the Hong Kong stock exchange before the territory is handed over to Beijing's control on 1 July, with sources suggesting only one is likely to succeed. Guangzhou-based China Southern Airlines is still trying to ...

  • News

    West sends clear signals over HK

    1997-06-01T00:00:00Z

    There will be no more important global event this decade than the handover of Hong Kong, the most advanced economy in Asia (excluding Japan), to its neighbour in the north, the People's Republic of China. When the Union Jack is finally lowered at midnight on the last day ...

  • News

    Who dares follow Crandall's path?

    1997-06-01T00:00:00Z

    Somewhat ruefully, a speaker at AvMan's recent CEO conference for Latin American and Caribbean airlines remarked that it now seems as if all roads lead to Bob Crandall, American Airlines' president and chief executive officer. There is a wide gulf, however, between those who eagerly hope to tread that path ...

  • News

    Airline News

    1997-06-01T00:00:00Z

    Continental Airlines is to start daily nonstop flights from New York/Newark to Sao Paulo and Rio de Janerio on 10 July. Continental Express was to launch three daily services from Cleveland/Hopkins to Raleigh-Durham on 1 May as well as three daily flights to Norfolk, Virginia via Washington/Dulles and a daily ...

  • News

    Boeing's actions require scrutiny

    1997-06-01T00:00:00Z

    Sole-supplier deals could stifle competition and reduce the impetus to innovate. When a company with the size and influence of Boeing flexes its muscles, everybody had better sit up and take notice. Recently, there's been plenty of muscle-flexing in Seattle. Boeing has signed sole-supplier deals with American Airlines ...

  • News

    Europe is set to expand

    1997-06-01T00:00:00Z

    The European Commission is drawing up legislation for the aviation sector to match US antitrust laws, as the first stage in expanding the European aviation market to the east nears completion. Commercial aviation is one of the few industry sectors in which Brussels suffers from 'split competence'. The ...

  • News

    Financial results

    1997-06-01T00:00:00Z

    Company Period Net US$ mil Comp period Sales US$ mil % change Aer Lingus Y Dec 31 51.2 24.2 1,225 -4.0 AMR Corp 1Q Mar 31 152.0 157.0 4,006 2.4 Austrian Airlines Y Dec 31 19.8 30.4 1,228 8.8 China Eastern Airlines ...

  • News

    A race to market

    1997-06-01T00:00:00Z

    When Seiji Fukatsu, president of Japan's All Nippon Airways, called a press conference in mid-April, local scribes could have been forgiven for speculating that a major announcement of international import was in the offing. It was common knowledge that ANA was on the verge of releasing details of ...

  • News

    PIA sale to fund revamp

    1997-06-01T00:00:00Z

    The Pakistani government has launched its search for a strategic equity partner to help recapitalise and restructure state-controlled Pakistan International Airlines. The government's privatisation commission plans to appoint financial advisors, consisting of an investment bank, a law firm and consultants, on 20 July to oversee the sale of ...

  • News

    Proceed with care

    1997-06-01T00:00:00Z

    If a single US airline were to be picked out for its sheer likeability, then that airline would have to be Southwest Airlines. This darling of the industry consistently puts smiles on the faces of its employees, its passengers, bankers, analysts, shareholders, and even former Department of Transportation inspector general ...

  • News

    China limits CAL's choice

    1997-06-01T00:00:00Z

    China Airlines' search for a foreign airline equity partner is being frustrated by potential bidders' fears of upsetting Beijing and the Taiwanese carrier is likely to find its choice of investors limited to the Chinese mainland. The quasi-governmental foundation that owns 81 per cent of China Airlines plans ...