News from FlightGlobal – Page 2501
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Brave new shoots
The emergence of a new generation of start up carriers in Europe has finally begun. Sara Guild talks to some of the new players and examines their strategies for survival.It's a bit like attending the Academy Awards and not knowing when the envelopes will be opened. European aviation has been ...
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More private airlines than ever
This compilation of the ownership of the world's major airlines is the most comprehensive published by Airline Business to date and lists details for 194 airlines, including the world's 150 largest airlines by sales and a number of smaller players. Only shareholdings above 3 per cent are included. ...
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Financial results
Alaska Airline's cost per ASM dropped 5.5% from 1994 to 7.5 cents. But load factors were down 1.3 points on 1994 and yield decreased 1.7%. ANA's cost cutting showed benefits as expenses rose only 5%. International traffic rose 28.1% due to the strong yen. America West's ...
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Yeltsin fears hit Russian recovery
The serious health cloud over Russian president Boris Yeltsin could not be more untimely. Politically it means that Yeltsin, the champion of economic liberalisation, is not fit enough to campaign for reformist candidates in this month's (December) parliamentary elections. Moreover, after several years of economic decline and chaos, there ...
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Asian Express
After a bitter defeat in Europe three years ago, Federal Express is now taking on Asia to compensate for declining yields at home and develop high yield premium international business. By Mead Jennings.Fred Smith, founder and CEO of Federal Express Corporation, has never had trouble thinking about the big picture. ...
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LAB expands Vasp empire
Vasp's $47.5 million purchase of 49 per cent of LAB effectively gives it control over the Bolivian flag carrier, which will use the proceeds for internal development as well as to form an alliance with Vasp and its other recent acquisition, Ecuatoriana. Part of the Bolivian government's 51 ...
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Chan chops
The entire National Airline Commission in charge of Air Niugini has been sacked by Papua New Guinea's prime minister Sir Julius Chan. His action came after NAC acting chairman Mike Bromley warned the carrier was approaching financial collapse due to government actions. Sir Julius, whose own airline Islands Transair competes ...
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China stakes on the line?
Recent high-level signals from Beijing suggest the Chinese authorities are backing away from a policy which clears the way for foreign investment in airlines and are directly contradicting plans for foreign stock market listings for China's three main carriers. In late October, Civil Aviation Administration of China's deputy ...
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Merpati mire after sacking
Indonesia's troubled government-owned airline industry is in turmoil following the sacking of the president of domestic carrier Merpati Nusantara over his refusal to obey a Transport Ministry directive to lease 16 aircraft through a local company. Ridwan Fataruddin's departure came just a few months after the resignation of ...
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New deals aid Taiwan
Compromises on symbolic points have produced new air agreements between Taiwan and both Hong Kong and Macau. Following expected ratification in December, Taiwan will have five-year agreements that straddle the return of both territories to Chinese control. The deals provide new opportunities for Taiwan's airlines and an end to the ...
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'Economic' spying bugs Japanese
Not many people were surprised to learn, in October, that the CIA undertook 'economic' spying on US trade rival Japan. The high-profile impetus for the intelligence gathering was the US-Japan automobile trade talks that were resolved in July after the two sides negotiated an eleventh-hour settlement under the spectre of ...
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Alitalia hit by One startup
Startup carrier Air One will end Alitalia's monopoly on Milan-Rome, the Italian flag carrier's most profitable domestic route, following increased slot availability at congested Milan/Linate. Air One, formerly Air Adriatica, will serve Europe's fifth largest route five times a day from end November, with plans to increase to ...
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Solo launch in Malaysia
Plans for a single multinational airline to operate within the Asean region appear to be falling by the wayside with the planned 1 January launch of a new Malaysian operator, Saeaga Airlines. The newcomer is a joint venture between Malaysia's Ekran Air Services (20 per cent) and the ...
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China set to move on HK
Cathay Pacific is facing its worst nightmare, the startup of a Chinese-controlled, Hong Kong-based rival backed by powerful friends in Beijing's corridors of power. Despite complaints that the action breaks the Sino-British joint declaration on the hand-over of Hong Kong to China, the territory's civil aviation director Peter ...
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From bust to boom in a year
The good times are here again - but nobody can predict for just how longIt's at times like this that largesse takes over. As 1995 draws to a close, it is clear that at long last we have a vintage year for airline profitability - Iata says its members will ...
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Foreign sale for home win
It's an incestuous business. As Iberia was negotiating the sale of a major part of its stake in Aerolineas Argentinas to secure state aid approval from Brussels, the Argentine flag carrier was preparing to sell its shareholding in its domestic subsidiary indirectly to Iberia's parent. At presstime, Aerolineas ...
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French open house offer
One of Europe's last bastions of regulation is starting to crumble as the French market embraces liberalisation. Under the third package, which came into force in 1993, all member states had to open up their home markets (excluding ninth freedoms) by January 1996, at the latest. France, like ...
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Disk drive to cut costs
The push to cut distribution costs has compelled other US and European majors to follow United Airlines, USAir and British Airways in giving frequent flyers direct access to their CRS through the use of computer disks. The three trail blazers will give selected customers direct access to the ...
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Kiwis close in on Ansett
The on-again, off-again flirtation between Air New Zealand and Ansett Australia has found a new lease of life with a surprise twist. At presstime, the Auckland-based flag carrier was within 'a few days' of finalising the purchase of up to half of Ansett - from TNT. ...
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Pena to face Asia action
'All eyes are on Asia-Pacific,' said US transportation secretary Federico Peña before leaving on a 17-day tour of the region in November. Declaring he had done all he could for now in Europe, Peña is faced with at least three potentially explosive situations in Asia. The latest drive ...