The sky's the limit for Korean Air

Article Abstract:

Korean Air Lines Company Ltd. is expanding its fleet of 112 aircraft, with 18 Boeing 777s being delivered in 1997/98. The airline will invest $10 billion to double its fleet by 2005. South Korea could become the leading centre for travellers in the Pacific-Asia region via the new international airport in Inchon, near Seoul, South Korea, which is due for completion in 1999, says Korean Air President Yang Ho Cho. The new airport will double Korean Air's capacity in Seoul. South Korea's hosting of the soccer World Cup in 2002 will also be a major boost for the country's travel industry, says Cho.

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Confident Air Liberte boss planning rapid expansion: Air LIberte is going all out for expansion as France opens up its skies

Article Abstract:

Air Liberte is expecting to introduce 23 new routes by October as France opens up its skies. Chairman and chief executive Lofti Belhassine has dismissed criticisms that there will be problems financing such rapid expansion. The company has shareholders such as Banque Indosuez, Lyonnaise de Banque and Club Mediterranee, with large resources.

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All-out air fare war threatened

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Air Inter, a state owned domestic carrier, is threatening a price war following France's open skies announcement in preparation for full liberalisation by April 1997. Air Liberte chairman Lofti Belhassine, believes that a price war would be a mistake and greater freedom does not necessarily mean lower prices.

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