Japan Airlines (JAL), Asia’s largest carrier, said on Monday it would merge with Japan Air System (JAS), the third-largest domestic carrier, to form the world’s sixth-biggest carrier.
The airlines said they would set up a joint holding company next autumn, and complete integration of operations by spring of 2004
Read MoreSchiphol is already the fourth largest gateway in Europe for both passengers and cargo. The recognition that this fact provides will be further boosted over the next few months, thanks to the part-privatisation of parent company Schiphol Group (see panel page 6). Meanwhile, the airport is pursuing various initiatives and projects which should ensure its continued development as more than a mere air transport hub. Beyond 2010, though, the future is not yet clear.
Read MoreTwo of Australia’s most prominent businessmen on Thursday put together a A$3.6bn deal to rescue Ansett, the country’s second largest airline, in a lift to the government ahead of Saturday’s closely-fought federal election.
Read MoreThe plan to revive parts of the bankrupt state-controlled Belgian airline Sabena was running into difficulties on Thursday, as companies that were asked to support a new group complained the government had been premature in announcing private-sector support.
Read MoreSabena, the Belgian state-controlled airline, was formally declared bankrupt on Wednesday, but not before the country’s government announced that it had raised E200m ($180m) to save up to half of Sabena’s jobs.
The government said 12 private sector groups would put E155m into a new company built around Sabena’s regional subsidiary DAT, along with E45m from state-controlled investment funds.
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