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AIRJET AIRLINE WORLD NEWS -- AJN 16JAN99 10:30 UTC

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Jan 16, 1999, 3:00:00 AM1/16/99

• AIRJET AIRLINE WORLD NEWS -- AJN 16JAN99 10:30 UTC •

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*** US Airways 737 fumes or smoke in cabin send 7 to hospital

FORT WAYNE, Ind. (AP) - A USAirways flight reporting fumes or smoke
in the cabin made an emergency landing Friday morning and seven
people were taken to hospitals. The passengers were given medical
attention after reporting distress such as difficulty breathing or
chest pain. Flight 1177 was bound for Chicago from Baltimore, said
Lester Coffman, executive director of the airport. It had 88
passengers and a crew of five. The Fort Wayne airport was notified of
a problem aboard the aircraft at 9:20 a.m., Coffman said. The plane
landed safely 12 minutes later.
http://www.foxnews.com/news/wires2/0115/n_ap_0115_163.sml

*** AGIFORS meets in Istanbul

Conference announcement: AGIFORS Operations Control & Ground Resources
Conference '99, hosted by Turkish Airlines, will be held on 18 - 21 April
1999 at Crowne Plaza Hotel, Istanbul, Turkey. Invitation letter, agenda
and registration forms are available online.
http://www.agifors.org/studygrp/opsctl/

*** Newark, JKF and LaGuardia hit with cancellations

A second day of icy conditions forced the cancellation of flights
at all three major New York City area airports on Friday. American
Continental, United, and Delta among others, had canceled early
flights. In Boston, Logan International Airport closed for a time
early on Friday because airlines were having trouble de-icing planes.
http://www.foxnews.com/js_index.sml?content=/news/wires2/0115/n_rt_0115_102.sml

*** ProAir demands retraction of comments on safety of the Airline
http://airlinebiz.com/proair/

*** Executives Up In The Air

China, as an ultimate incentive to solve the millennium bug computer
problem, has ordered its airline executives to take a flight on January
1, 2000, the Financial Times said. The ministry directive coincides with
a push by Beijing to minimize the risk of chaos if computer systems and
electronics fail to recognize the date change from December 31, 1999 to
January 1, 2000. The danger to aircraft safety from the millennium bug
has reportedly made some airlines consider whether they should ground
all flights late on December 31.
http://www.foxnews.com/js_index.sml?content=/etcetera/wires/0115/e_rt_0115_26.sml

*** Former airline bomber killed

A former leader of the Muslim extremist group Abu Sayyaf who
later became a government spy was killed Friday by a lone gunman
in the southern Philippines, police said. Edwin Angeles, formerly
the third-ranking leader of the Abu Sayyaf, was shot repeatedly on
the outskirts of Isabela where the rebel group is based. Angeles
also reportedly told Philippine intelligence officials that the
Abu Sayyaf had links with Ramzi Yousef, the convicted mastermind
of the 1993 bombing of the World Trade Center in New York. Yousef
also allegedly plotted unsuccessfully to kill Pope John Paul II
during his visit to Manila in 1995 and planned to bomb U.S. airlines
flying over the Pacific. He was blamed in the bombing of a Philippines
Airlines plane en route to Japan in December 1994 that killed a
Japanese man. The military and police expect the group to escalate
its violent attacks after the end of the Muslim holy month of Ramadan.
http://www.foxnews.com/js_index.sml?content=/news/wires2/0115/n_ap_0115_125.sml

*** Failure of state-run Chinese trust may hurt Cathay Pacific

China's standing with investors and banks is one of the first casualties
in the multibillion-dollar collapse of a major state-run investment trust.
The failure of Guangdong International Trust and Investment Corp. could
make credit harder to get at a time when China needs foreign investment
to weather growing domestic problems and the Asian financial crisis. GITIC's
failure also hurt the appeal of red-chips, which range from small provincial
firms to giants like CITIC Pacific, a part-owner of Cathay Pacific.
http://www.foxmarketwire.com/wires/0115/f_ap_0115_19.sml

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* Merrill Lynch analyst Candace Brownings AMR CORP 1999 EPS view
was raised to $6.50 from $5.00.
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* AMR CORP's American Airlines said it will launch a daily
Paris/Orly-Los Angeles passenger service from June 2. The service
will be operated by a Boeing 767-300 which can carry up to seven
tonnes of palletised air cargo per flight. "The new Paris-L.A.
service means we will have six daily departures from Orly to the
U.S. Existing destinations are Boston, Chicago, Dallas, New York
and Miami, with all flights also operated by 767-300s" a
Paris-based AA official told Reuters. The airline was likely to
make a decision on a proposed move of its Paris operations to
Charles de Gaulle airport during the first quarter of the year and
which could take effect from this autumn, the official added.
(Reuters 04:39 AM ET 01/15/99)

* 'Fly Now, Save Later' on ICELANDAIR
http://biz.yahoo.com/prnews/990115/md_iceland_1.html

* Canadian Airlines Corporation Ownership of Shares
http://biz.yahoo.com/ccn/990115/3.html

* Airline in Challenge to Northwest
http://biz.yahoo.com/apf/990115/sun_countr_1.html

* Canadian Airlines' Toronto Operations Improve Into Weekend
http://biz.yahoo.com/ccn/990115/s.html

* A major European freight forwarder, such as Germany's Schenker,
will buy either AIR EXPRESS INTERNATIONAL CORP or PITTSTON's
Burlington Air Express within the next six to 12 months, a key
transportation analyst told Reuters. "German air freight companies
are looking at acquisitions, and they like U.S. freight
forwarders," said Brian Clancy, a principal at MergeGlobal, an
Arlington, Va.-based consulting firm specialising in freight
transportation and logistics. He was speaking a dinner meeting on
Thursday organised by New York's Gerard Klauer Mattison & Co. Inc.
http://www.infobeat.com/stories/cgi/story.cgi?id=2558047698-596

* Merrill Lynch analyst Candace Browning raised ALASKA AIR GROUP
near-term rating to buy from neutral, keeps Alaska long-term
rating at buy. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Merrill Lynch analyst Candace Brownings raised her 1999 EPS view
onto AMERICA WEST HOLDINGS CORP to $2.00 from $1.70.
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Northwest Airlines Extends "Fly North Dakota" Fares
http://biz.yahoo.com/prnews/990115/mn_nd_nwa__1.html

* AirTran Extends Popular Grade ``A'' Deals for Two More Weeks
http://biz.yahoo.com/bw/990115/fl_airtran_1.html

* Hawaiian Airlines To Introduce First Class On Interisland Flights
http://biz.yahoo.com/bw/990115/hi_hawaiia_1.html

* Merrill Lynch analyst Candace Browning raised her 1999 EPS view
to COMAIR INC to $2.25 from $2.10. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* MESABA HOLDINGS INC's Mesaba Aviation regional airline unit late
Thursday said it has entered a code-sharing agreement with
CONTINENTAL AIRLINES INC. Mesaba already serves as the regional
affiliate to NORTHWEST AIRLINES CORP, which began a code-sharing
agreement with Continental as part of a wider alliance late last
year. Under code-sharing, an airline can sell seats on its partner
carrier's planes. The Mesaba-Continental code-sharing flights
include all flights in and out of the Detroit International
Airport and Minneapolis/St. Paul International Airport which
connect to Continental Airlines flights in their hubs at Newark,
N.J., Houston, and Cleveland, Ohio. (Reuters 05:56 PM ET 01/14/99)

* Merrill Lynch analyst Candace Browning raised CONTINENTAL
AIRLINES INC near-term to accumulate from neutral, raised
Continental long-term rating to buy from accumulate.
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Corporate Profile for U-Ship, Inc., dated Jan. 15, 1999
http://biz.yahoo.com/bw/990115/profile_u__1.html

* Sun Country Airlines to Become Scheduled Air Carrier; Scheduled
Service to Major U.S. Cities Begins June 1999
http://biz.yahoo.com/prnews/990115/mn_mi_sun__1.html
Charter carrier Sun Country hopes to compete with Northwest
http://www.foxmarketwire.com/wires/0115/f_ap_0115_31.sml

* Merrill Lynch analyst Candace Browning raised DELTA AIRLINES
near-term rating to buy from accumulate, keeps Delta long-term
rating at buy. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Federal Express was the largest cargo carrier at Fort
Lauderdale-Hollywood International Airport in the first 11 months
of 1998, the airport said in a report released late Thursday.
Federal Express, a unit of FDX CORP of Memphis, Tenn., handled
107,967 tons of cargo at the Fort Lauderdale airport from January
through November of last year, an increase of 13.8% from the same
period in 1997. The airport's second-largest cargo carrier during
the 11-month period was Emery Worldwide, which handled 15,432
tons, a decrease of 21.6% from the same period in 1997.

* Spanair Unveils Spain Plus; Soars With New Package Program
http://biz.yahoo.com/prnews/990115/dc_spanair_1.html

* Boeing Markets Bigger Business Jet
http://biz.yahoo.com/apf/990115/bigger_biz_2.html

* Canadian Cancels Almost All Friday Morning Flights For Toronto
http://biz.yahoo.com/ccn/990115/b.html

* Merrill Lynch analyst Candace Browning raised MESA AIR GROUP INC
near-term rating to accumulate from neutral, raised Mesa long-term
rating to buy from accumulate. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Merrill Lynch analyst Candace Browning raised here 1999 EPS view
on SKYWEST INC to $2.00 from $1.70. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Merrill Lynch analyst Candace Brownings SOUTHWEST AIRLINES 1999
EPS view was raised to $1.25 from $1.10.
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* United Airlines plans to end its daily service to and from
Delhi, India, on April 4, because of disappointing profitability,
the airline said late Thursday. The airline also decided to end
the service ahead of an expected seasonal slowdown during the
summer in India, a spokesman for UAL CORP, United's parent
company, said. United currently has once-a-day service between
Hong Kong and Delhi and between Delhi and London. United is
considering eventually resuming service to Delhi directly from the
United States, if it is technically feasible, the spokesman said.
Such a flight would have to go over the North Pole, through
Russian airspace and over high mountains, the spokesman said.
(Reuters 06:29 PM ET 01/14/99)

* Merrill Lynch analyst Candace Brownings raised her 1999 EPS for
UAL CORP to $8.50 from $7.60. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

* Merrill Lynch analyst Candace Brownings raised US AIRWAYS GROUP
1999 EPS view to $5.75 from $5.50. (Reuters 11:53 AM ET 01/15/99)
http://www.infobeat.com/stories/cgi/story.cgi?id=2558051338-7e9

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(00s)
SYMBL SECURITY CLOSE CHANGE VOL
---------------------------------------------------------------------
AIR AAR Corp........................... 19 15/16 + 1/16 477
AMR AMR Corporation.................... 64 5/16 +1 1/2 25617
ASAI ASA Holdings Inc................... 30 5/16 - 3/32 1158
ACNAF Air Canada Corp.................... 3 7/8 + 1/8 112
AEIC Air Express International Corp..... 20 3/4 + 57/64 1530
AIRT Air Transportation Holding Co Inc.. 5 3/8 unch 0
AAIR AirTran Holdings Inc............... 3 3/16 + 1/16 2848
ABF Airborne Freight................... 31 13/16 +1 5/16 4272
ALK Alaska Air Group................... 49 5/16 +2 5/16 2701
AWA America West Holdings Corp......... 17 1/8 + 11/16 1454
AWA/WS America West Holdings Corp......... 7 + 1/4 131
AMTR Amtran Inc......................... 24 - 1/8 194
ACAI Atlantic Coast Airlines Holdings In 34 13/16 - 3/16 3746
CGO Atlas Air Inc...................... 44 3/4 + 1/2 595
BA Boeing Co.......................... 33 11/16 + 3/16 27543
BAB British Airways.................... 66 13/16 + 7/8 342
CCAR CCAIR Inc.......................... 3 13/16 + 3/8 401
CEA China Eastern Airlines Corp........ 6 3/8 + 1/2 338
ZNH China Southern Airlines Co Ltd..... 4 13/16 + 5/16 576
COMR Comair Inc......................... 35 3/16 + 15/16 2325
CAI/A Continental Airlines Inc........... 37 7/8 + 13/16 79
CAI/B Continental Airlines Inc........... 35 +1 5/16 8351
DAL Delta Airlines..................... 56 +1 3/8 17034
FDX FDX Corp........................... 79 1/16 + 3/4 17876
FA Fairchild Corp..................... 15 3/8 + 1/16 175
FRNT Frontier Airlines Inc.............. 6 3/8 + 3/16 1940
GLC Galileo International Inc.......... 41 5/8 - 7/8 867
GLUX Great Lakes Aviation Limited....... 2 11/16 unch 50
HA Hawaiian Airlines Inc.............. 3 unch 443
IAABY Indigo Aviation Ikiebolag.......... 7 unch 11
JAPNY Japan Airlines..................... 5 1/16 unch 0
KLM KLM Royal Dutch Airlines........... 28 - 3/16 2882
KTTY Kitty Hawk Inc..................... 11 7/8 + 1/2 486
LMT Lockheed Martin Corp............... 40 1/8 +1 3/8 20696
MAX Mercury Air Group.................. 7 3/4 - 3/16 13
MESA Mesa Air Group Inc................. 8 7/32 - 1/64 2670
MAIR Mesaba Holdings Inc................ 19 3/4 +1 1/4 588
MDWY Midway Airlines Corp............... 14 1/16 - 1/16 290
MEH Midwest Express Holding............ 26 7/8 +2 3/4 3974
NWAC Northwest Airlines Corp............ 26 1/2 +2 11114
PZX Pittston........................... 9 11/16 +1 3/16 544
RENO Reno Air Inc....................... 7 5/8 + 1/64 179
RYAAY Ryanair Holdings................... 32 5/8 +1 720
TSG Sabre Group Holdings Inc (The)..... 46 1/4 + 1/4 898
SKYW SkyWest Inc........................ 37 +1 9/16 2315
LUV Southwest Airlines................. 26 3/8 + 1/8 17598
TOWR Tower Air Inc...................... 2 1/4 + 1/64 331
TWA Trans World Airlines............... 4 15/16 unch 7235
UAL UAL Corp........................... 61 1/2 +2 1/2 8179
UCP UniCapital Corp.................... 7 3/8 + 1/16 584
U United States Airways Group........ 56 1/16 +3 1/2 8094
VIRGY Virgin Express Holdings............ 7 11/16 - 1/16 131
WLDA World Airways Inc.................. 1 3/8 + 1/16 243
AADFX Amer AAdvant Inst: ShTrmBI x....... 9.53 -0.02
XAL Amex Airline Index................. 322.75 +10.60
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