The weeks preceding the unforeseen losses caused by Europe's volcanic ash crisis saw improved trading conditions across much of the airline sector and, in its wake, revived momentum for long-anticipated consolidation between carriers on both sides of the Atlantic.
Continued eastward migration of low-cost carriers (LCCs) from North America and Europe to regions such as the Middle East and Asia arguably has established the credibility of this air transport business model.
The Austrian government has decided to sell its share of Austrian Airlines and has published advertisements in the financial press offering its 42.75-percent share of the flag carrier. The government has attached a number of conditions to the sale, including an obligation to maintain Vienna as a hub, to maintain the name Austrian Airlines and to leave a minority share of 25 percent of the total stock capital in Austrian hands.
Struggling Caribbean regional airline Liat and fellow money-losing international carrier BWIA will form the basis of a new West Indian airline under a plan by four island governments to stem the tide of red ink that habitually covers their balance sheets. The plan calls for the governments of Barbados, Antigua, St.
Obstacles against the development of a thriving regional airline industry in Latin America in many respects look as formidable as ever. Lack of capital availability, inadequate airport infrastructure, government interference and a lack of open-skies treaties between nations continue to hinder progress in a region that, in terms of sheer size, holds as much potential for growth as any other in the world.
Greek regional airline Aegean Airways has surfaced as one of six bidders for the country’s ailing flag carrier, Olympic Airways. Aegean will compete for the rights to the airline with Olympic Investors; New Wings, led by Greek businessman Pavlos Vardinoyiannis; Golden Aviation, led by Greek shipping tycoon Spiros Restis; Chrysler Aviation; and Wexford Group, owner of U.S.-based Chautauqua Airlines.
The economic doldrums have begun to markedly slow the phenomenal growth European regional carriers have enjoyed in recent years.
As the emirate of Dubai helds its biennial international airshow last month, travelers from anywhere but a major city were feeling first hand the pressures against a robust regional-airline industry in the Arab world.
For many of the world’s airlines, the long and tiresome road to recovery has taken them through dips and valleys, hairpin bends and in some cases complete U-turns. Today, after seemingly negotiating much of the most difficult terrain, European airlines have caught a glimpse of the promised land over the horizon. So why, you ask, have the biggest airlines in the U.S.
CasaAero, a joint venture between Boeing’s Alteon training division and national airline Royal Air Maroc, celebrated the official grand opening of its facility at Aeroport Casa-Anfa last Wednesday. The partners are developing the facility in Casablanca as a regional center for commercial pilot training.
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