News from FlightGlobal – Page 2458
-
News
ANA homes in on losses
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
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
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
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
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
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
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?
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
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
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
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
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
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
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
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
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 ...
-
News
Star bursts on to scene
United Airlines and Lufthansa have moved alliance building into a new era with the launch in mid-May of the five carrier Star Alliance, which attempts to present the passenger with a more uniform product while retaining individual brands. At presstime, details were scarce but the carriers were keen ...
-
News
Direct links see change
They've done it by sea, and now Taiwan is searching for ways to ease its self-imposed ban on direct air links with the People's Republic of China. In an historic but short voyage in late April, the first ships carried cargo directly across the straits. Each side has ...
-
News
Wolf stalks, unions resist
Frustrated by the lack of progress in labour negotiations and under pressure to cut costs, US Airways chairman and chief executive officer Stephen Wolf has launched an 'efficiency programme' that includes the ending of jet services to nine US cities, the grounding of 22 aircraft, and consolidation in maintenance and ...
-
News
UK quick to labour point
The new UK government has put Washington to shame by moving rapidly to bring itself up to speed with the complex issues surrounding the proposed British Airways-American Airlines alliance and the related US-UK open skies discussions. Within a week of a landslide election victory for the Labour party ...