Programmes – Page 1143
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News
Korean sees hope ahead
David Mann Despite gloomy economic conditions in Korea, Korean Air remains bullish about its prospects. The airline aims to increase its operating revenue to US$3.5 billion this year, up from US$3 billion in 1997. And its optimism does not appear entirely misplaced. Salomon Smith Barney's Peter Negline agrees that ...
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Peru opens skies first
Peru has leapfrogged past Chile in its open skies negotiations and agreed to a deal that phases in liberalisation over four years. The open skies agreement was initialled on 9 May but not made public by presstime. The deal follows the pattern of recent treaties signed with Japan and ...
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Ryanair passes go in Europe
Tom Gill With soaring profits, share price and traffic, Europe's largest and longest established low-cost airline may yet achieve its ambition to be the Southwest of Europe. But as it strives to continue its profitable growth path Ryanair can expect to cross swords with the new British Airways ...
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SAA will be sold on
Roger Makings The partial privatisation of South African Airways will go ahead as planned, despite a series of setbacks which threaten to delay the deal. The Minister of Public Enterprises Stella Sigcau under whose department SAA falls, says that although the first deadline has been missed, the 31 October ...
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Time to climb?
Karen Walker From the bottom of the pile, life offers a different perspective. While most US airlines have returned to profitability in the 1990s, the financial haemorrhage at Trans World Airlines has continued. So management was encouraged to note, after announcing 1998's first quarter results, that the words 'beleaguered' ...
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Uganda eyes foreign cash
Tom Gill Uganda Airlines is set to go private, with the sale of a controlling stake slated for mid-year. Six airlines have expressed interest in a yet to be determined majority stake in wholly government-owned Uganda Airlines, according to Michael Opagi, director of the Ugandan government's privatisation unit. The ...
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Caught in the loop
Lois Jones There's no denying it - from movies to massacres, from hamburgers to heart disease cures, from diets to democracy, the United States leads the way while the rest of the world is inclined to follow. So what happens now that this 'Land of the free' has suddenly ...
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Boeing breaks 4,000 sales mark for 737s
Sales of the Boeing 737 have passed through the 4,000 mark as a result of top-up deals from various Next Generation 737 customers. American Airlines has concluded a deal for 25 more 737-800s, bringing its total 737 orders to 100. The newly ordered aircraft will arrive between January 2000 ...
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Air One and Swissair move closer to alliance
Marco Messalla/ROME Swissair and Italian independent Air One expect to finalise details of a strategic alliance by the end of May in a move which is expected to see the Swiss flag carrier take a share in the airline. The Italian carrier was created in 1995 in a ...
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China re-jig delays TrunkLiner and throws AE31X into limbo
Paul Lewis/BEIJING Max Kingsley-Jones/TOULOUSE The pending major shake-up of China's state-run aerospace industry is set to again delay the Boeing MD-90 TrunkLiner programme and prolong discussions with Airbus Industrie Asia on co-development of the AE31X regional jet. The new Chinese Government of premier Zhu Rongji has ordered a ...
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British Midland V2500 fails after only 150h
Ian Sheppard/LONDON An International Aero Engines (IAE) V2500-powered Airbus A321-200 operated by British Midland (BM) suffered an in-flight engine failure on 15 May shortly after departure from Heathrow Airport. The 147kN (33,000lb)-thrust V2533-A5 powered aircraft had been in service only 20 days and had flown around 150h with the UK ...
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Boeing warns on China hopes
Paul Lewis/BEIJING Boeing is sounding a warning that earlier expectations of a large new order for aircraft from China in June could be affected by a marked slowdown in local airline traffic growth and the knock-on effects from Asia's wider economic difficulties. The Civil Aviation Administration of China (CAAC) ...
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Lufthansa eyes 747-400 freighter
Shahe Ouzounian/FRANKFURT Lufthansa Cargo says it will need to replace its fleet of Boeing 747-200Fs early in the next decade, with the 747-400 freighter the prime candidate, even though the German operator considers the aircraft "too expensive". Wilhelm Althen, chairman of the executive board, says that its fleet ...
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Marketplace
-Augsburg Airways has placed orders for six additional Bombardier de Havilland Dash 8s, including two series 200s and four larger series 300s, and taken options on a further seven aircraft. The order represents the ratification and expansion of a deal originally reached in November 1997 for three aircraft. The options ...
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P&W corrects PW4098 cracks and confirms 777-300 delay
Guy Norris/LOS ANGELES Paul Lewis/SEATTLE Pratt & Whitney estimates that corrections to cure cracked compressor stators in the PW4098 discovered in April will push deliveries of the first heavyweight Boeing 777-300 to Korean Air (KAL) back by almost three months, to December. "It's a cast part, and we've ...
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Routes
-Cityjet is to start daily services to Dublin from the UK's East Midlands Airport on 8 June using a Saab 2000. -Continental Airlines and VASP have signed a code-sharing alliance, which will come into effect on 1 July and enable VASP to sell half the seats on Continental's flights between ...
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US Airways may forge fresh alliance with British Airways
Ramon Lopez/WASHINGTON DC US Airways could forge a new marketing alliance with British Airways as a result of the projected tie-ups by both carriers with American Airlines. The deal would go ahead only under certain conditions, says Stephen Wolf, head of US Airways Group. The prospect of a ...
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New Embraer figures confirm recovery
Embraer has reported its third successive profitable quarter, confirming its recovery after eight years of losses. The Brazilian aircraft manufacturer saw a $19.9 million profit on sales of $230 million. "This shows that our recovery is definitely here to stay," says president Mauricio Botelho. Losses were $330 million in ...
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New business and investments help to raise Lufthansa Technik profits
Lufthansa maintenance subsidiary Lufthansa Technik (LHT)boosted its profits by 53%during 1997, achieving DM94.1 million ($52.2 million) on sales of DM3.03 billion. According to executive board member George Gallus, the figure is attributable to a huge influx of new business from outside the Lufthansa Group, with 50 new contracts signed ...
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SIA warns of harder times to come as growth creeps up
Paul Lewis/SINGAPORE Singapore Airlines (SIA) has warned of a tougher year ahead in the face of falling passenger loads and anticipated erosion of yields, after announcing only a marginal growth of net profit for the 12 months ending 31 March. The airline turned in a net profit of S$1.03 billion ...