News from FlightGlobal – Page 2552
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Dealing in Deutsche marks
The German tax lease market is growing, and providing an important source of aircraft funds, but there are fears that any liberties taken with structures could lead to tighter regulation by the tax authorities. Trevor French reports.It doesn't often happen that the arcane world of aircraft finance hits the front ...
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Mixed fortunes
Last year, the 100 largest regional airlines in the world carried 124 million passengers, employed 87,000 people, and flew 2,700 jet and turboprop aircraft. Only just over half provided revenue figures and even fewer divulged profits, but among those that did report financial figures, revenues grew 14.8 per cent to ...
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Food for thought
Cost-cutting and branding are the mantras of today's airline managers and nowhere are the two more entwined than in the catering product - one of the main elements of inflight service that governs customer loyalty. By Mark Odell. In the dual battle for profitability and greater competitiveness the drive for ...
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Financial results
Aer Lingus' operating profit was $83.3m, partly due to increased traffic. The carrier received $80m in government aid in 1995. Aeromexico's load factor fell 4.5 points to 60%. Cost saving measures cut capacity 13% and reduced staff by 10%. Operating profit was $24m. Cathay benefited from ...
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No room at the inn?
Continued capacity constraints at London/Heathrow have long dictated the US position in liberalisation talks with the UK. Now the physical limits have reached the point where other European hubs threaten to siphon North Atlantic traffic away from Heathrow. By Mead Jennings. TWA, which sold its right to fly to ...
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Airline news
Lufthansa is launching an on-line reservation service that can be accessed through either a CD-ROM format or through the Internet or other on-line services. Distribution of the CD-ROM is in conjunction with travel agents, who will be able to customse their own versions of the disc. South African ...
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Pressing for open skies
The US Department of Transportation has in general had strong support from the halls of Congress of late - especially in the realm of international aviation issues. In a late March floor speech, Larry Pressler, South Dakota Republican and chairman of the Senate commerce committee, spoke on the ...
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PAL recovery under threat
The recovery of Philippine Airlines from disastrous financial losses over the past two years is under threat from rising competition from a growing number of startups with ambitions to launch on to key regional routes. Grand Air and Cebu Pacific Air, which have both made inroads on domestic ...
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Ansett's Kiwi jaunt drags
Rupert Murdoch's News Corp is considering a total takeover of Ansett New Zealand in a final bid to remove obstacles to the proposed merger of Air New Zealand and Australian domestic Ansett. Severing the controlling link between Ansett Australia and Ansett New Zealand appears to be the only ...
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CLK ponders runway two
Forecasters are about to release new traffic estimates that could dictate whether Hong Kong accelerates work on a second Chek Lap Kok runway, which would strengthen its claim as an international hub, as the geopolitical transition now underway in the region begins to undermine its role as the gateway to ...
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Dragon fires HK struggle
Dragonair has become the pawn in a struggle between two Chinese companies for dominance in Hong Kong after the transfer of power in July 1997. China National Aviation Corp (CNAC) has the initial advantage with plans to start its own operation in the UK colony by June. But ...
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More space for control
Airspace capacity in Europe will increase with the release of military areas for civil use, but airlines must adopt a more flexible approach to flight planning if they are to make the most of it, says Eurocontrol. On 28 March a new policy adopted by all European Civil ...
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Sparks fly in India pay row
Air India is facing further disruption to its services as ground engineers vow to continue their walkout action in a bid to put their salaries on a level with pilots and flight engineers, while management is retaliating by threatening a lockout at the flag carrier. A strike call ...
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East West in US deadlock
The vagaries of the youthful private Indian aviation sector are starting to manifest themselves in the courts, as the number of cases of litigation against the independents by foreign lessors starts to rise. The most prominent case that has come to court is between East West Airlines and ...
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Is it just pie in the sky?
When an airline can save $1.5 million a year by serving salads without a lettuce liner which nobody eats anyway, you know that cost-cutting has begun to bite. These days, catering represents quite a dilemma for airlines. The marketeers say food remains a way for airlines to differentiate ...
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Maersk jets in at double
Danish independent Maersk Air is doubling the capacity on its European network as it experiences a dramatic surge in international traffic. The carrier currently operates 19 B737s on scheduled services and is adding six B737-500s this year and 12 B737-700s from October 1997. These aircraft are coming in ...
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Startup hits Denver hub
After an astounding growth spurt, US startup Western Pacific Airlines is slowing down to consolidate its network spanning 19 cities centred on Colorado Springs, up from five cities when service began a year ago. Though not yet profitable, the airline has boarded 1 million passengers since its first flight, and ...
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All a matter of control
We were very interested in the article 'Planners in control' (Airline Business, April). Our research institute has recognised the inefficiency of financial tools for correcting errors in an airline's processes, and in 1994 we released our Business Economics Assessment Method (Beam) process control method. We believe this is the new ...
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UAL told to leave JAL be
No sooner did Tokyo and Washington settle cargo differences than another dispute flared up that could escalate unless the US accepts Northwest's arguments in defence of Japan Airlines. In a key move, Northwest has criticised United Airlines for provoking an unnecessary dispute with its hardball stance on rights beyond Japan. ...