News from FlightGlobal – Page 2400
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Aircraft News
Atlantic Southeast Airlines has ordered 30 Canadair Regional Jets, taking options on a further 60, with deliveries starting in August 1997. In addition Lufthansa CityLine has placed orders for three Regional Jets plus three options, with deliveries scheduled for March 1997 and January and February 1998. Condor has ...
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Free for all over the mega-alliance
What a mess. The lobbying machines pushing for and against the proposed American Airlines-British Airways alliance have moved from overdrive into hyperdrive. Thousands of trees have been felled to produce the paper required for submissions, opinions, complaints and press releases. Shares in Panasonic jumped through the roof as regulatory agencies ...
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Rebuild with care
New faces in Washington mean action in the most controversial area of FAA reform - funding - is on hold. But the sparks should still fly in 1997. The new US Federal Aviation Administrator may want to consider investing in a pair of velvet gloves on taking up office. ...
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Financial results
Air Macau's operating loss during its first full year was about half of the original forecast. The airline carried 665,000 passengers at an average load factor of 68%. Air Pacific increased its profits during its first full year of flying to Los Angeles and Osaka, although the French ...
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Gulf Air split put on hold
Gulf Air's future remains in doubt as Abu Dhabi still looks set to succeed in its bid to take control of the carrier. The bid by the oil-rich Emirate was put on hold following new objections from Qatar and Oman. Concerned about their ability to grow their own ...
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Courts cap Dutch action
KLM Royal Dutch Airlines and Northwest Airlines both claim small victories in the legal battle between the two alliance partners which suggest the simmering dispute is no nearer a settlement. The New York supreme court made an interim decision upholding only two of six KLM arguments in a ...
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LOT tackles local losses
In a bid to stem both financial losses and the erosion of market share by western European carriers, LOTis set to retaliate with the long-awaited launch of a new regional and domestic subsidiary, Eurolot. The wholly owned subsidiary, set up in December 1996, is due to start operations ...
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BA-AA: a hell of a furore
The European Commission's latest drive to secure external competence in aviation matters is little short of a public relations disaster. But then the way most parties have acted during the response period to the UK's Office of Fair Trading report on the proposed British Airways-American Airlines alliance reeks of bad ...
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BA tightens Euro screws
British Airways will intensify its efforts to turn around its unprofitable operations in France and Germany after the acquisition of Air Liberté and the relaunch of Deutsche BA. Air Liberté's fate rests in BA's hands after the commercial tribunal in Creteil finally approved BA's recovery plan, filed in ...
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Garuda link
Garuda and Northwest Airlines have signed an MoU to pursue a broad marketing and operating alliance. The deal envisages codesharing, schedule coordination, a CRS linkup and joint marketing. On the operational side, Northwest plans to extend its three weekly Seattle-Osaka flights to Jakarta. Source: Airline Business
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1997: very best of the decade?
There is an extraordinary degree of optimism about world economic prospects in the year ahead. Equity markets, the global barometer of business health, stand at or close to record levels on both sides of the Atlantic and have been climbing in the Pacific; oil prices have begun to flatten after ...
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SIA cautious on India link
Singapore Airlines' plan to launch a joint venture start-up in India has run into more trouble. The country's civil aviation minister has cast doubt on the plan's official approval by India's Foreign Investment Promotion Board (FIPB). SIA has been lobbying with Tata Industries to launch the airline since ...
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Atlantic trio boost links
Swissair, Austrian Airlines and Sabena have enhanced their integration with a joint order for up to 29 Airbus A330s and the launch in February of a joint North Atlantic operation with Delta Air Lines. Officially, the A330 order follows a joint evaluation, but in practice Sabena has closed ...
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Taipei cuts as SA shifts
Taiwan is suspending air service with South Africa after the latter announced it was switching diplomatic recognition from Taipei to Beijing. The move will have little effect on Taiwan's airlines but raises questions about the basis of Taipei's aeropolitical policy. China Airlines has operated twice-weekly flights to Johannesburg ...
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Iberia set to drop Viasa
Iberia is set to end its Latin American airline odyssey after shareholders and unions rejected the Spanish airline's plan to restructure Viasa. The tough stance adopted by Iberia's senior management suggests that new president, Xabier de Irala Estevez, will shrug off political pressure to maintain existing links with ...
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Web fever
Business gurus like to portray the Internet as the best marketing opportunity ever and most airlines and aerospace companies have jumped onto the bandwagon. Richard Whitaker goes surfing to see what is on offer, and Jane Levere discusses the trend towards airlines using the Internet for distress sales of inventory. ...
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Sea change
A change of government has resulted in a new chief executive for Air Malta, as well as a narrower focus. The airline's investment in Italian startup carrier Azzurra Air is now being questioned. Ian Verchere reports from Malta. Malta's unexpected shift to the Left at the national elections in November ...
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No unity over Rio Grande
Mexicana and Aéromexico have each entered or expanded separate alliances with US airlines, signalling that they plan to continue competing against each other across the US-Mexico border. These pacts revive questions about the carriers' commitment to their joint Alas de America alliance with AeroPeru. Aéromexico has expanded its ...
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Mastering Micronesia
As island governments slash support for their airlines, the carriers are discovering the need to size themselves to fit their markets and to pay more heed to commercial realities. When your nearest neighbour is 10 days away by boat, aviation is fairly important. But the central Pacific Micronesians are ...
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Mutual interests
Mutual funds own substantial shares in most major US airlines. James S Altschul examines how they look at the airline business, and asks how much influence they wield. They are the behemoths of the equity investment world. Fuelled by a surging stock market, growing retail interest in equities, and a ...