Realistic 1 Annual edition 1988

The Globe

The year 1988 in Realistic 1 50 front pages

1988 was the year the big carriers pulled clear. British Airways carried 36.5 million passengers and Tachyon Travel 32.0 million, each well over double its 1987 figure. More than twenty new airlines opened their doors. K AIRLINES became the year's one closure, and four younger carriers ended the year in restructuring.

European Community opens routes between member states

BRUSSELS — The first EC aviation package took effect today. Airlines from member countries may now fly between member countries.

British Airways earns $2.57 billion and orders 60 jets

LONDON — British Airways reported 1987 revenue of $5.56 billion and a profit of $2.57 billion. It ordered 20 Boeing 767-300ER, 20 Airbus A340-300 and 20 Boeing 737-400, and placed a further order for 28 Airbus A320-100 the next day.

Japair leads a strong round of 1987 results

TOKYO — Japair's revenue rose 59% to $1.71 billion, with a profit of $497 million. Saiwa Pacific earned $218 million on revenue of $798 million. Taiwan airline made $35.7 million and Dongwoo brother air $2.45 million. MainLynx lost $1.05 million. Minecraft Air took no revenue and lost $154,000.

McDonnell Douglas opens MD-11F orders

The freighter is due for first delivery in May 1991.

thenu founded in Cape Town

CAPE TOWN — Thenuka has founded thenu, with $10.8 million from outside investors.

Deutsche BA widens its Berlin network

BERLIN — Deutsche BA opened eight routes, among them Catania, Stavanger, Toulouse/Blagnac, Belfast, Edinburgh and Palermo. It also announced weekly flights to Thessaloniki and Amman from 15 February.

Lumisade takes off in Helsinki

HELSINKI — TheRojam has founded Lumisade, backed by $10.8 million from investors.

Japair links Osaka with China

OSAKA — Japair will fly daily to Shanghai and to Beijing from 15 February.

Pia founded in Lahore

LAHORE — MAZCODI has founded Pia, raising $10.8 million from investors.

Biscuit Aviation starts frequent-flyer scheme

NEW YORK — Biscuit Aviation, founded last month, launched a frequent-flyer programme.

California Air founded

LOS ANGELES — fortnitelover337 has founded California Air, with $10.8 million in outside money.

Uraljet leaves restructuring

NOVOSIBIRSK — Uraljet Soviet Airlines has met its creditors' targets and left restructuring. On the same day it announced weekly flights to Ulaanbaatar and Noyabrsk, and a daily Cairo service from 21 April.

Psi founds Chinair

BEIJING — Psi, founder of Japair and Americair, has founded Chinair in Beijing.

First Boeing 767-300ER goes to British Airways

LONDON — British Airways took delivery of the world's first Boeing 767-300ER.

Love Airways founded in Toronto

TORONTO — RaveyB has founded Love Airways, backed by $10.9 million.

Biscuit adds Dallas-Fort Worth

NEW YORK — Biscuit Aviation will fly to Dallas-Fort Worth 14 times a week from 18 April.

Jikar Air founded in Auckland

AUCKLAND — Sheepy has founded Jikar Air, with $10.9 million from investors.

S7 Airlines founded in Moscow

MOSCOW — S7 Airlines has been founded in Moscow, with $10.9 million from investors.

British Airways receives first Airbus A320-100

LONDON — British Airways took delivery of the world's first Airbus A320-100.

Jikar Air to fly to Melbourne

AUCKLAND — Jikar Air will fly Auckland–Melbourne daily from 13 April.

British Airways and Tachyon lead first-quarter results

LONDON — British Airways earned $1.47 billion on revenue of $3.69 billion. Tachyon Travel of Boston made $488 million on $1.25 billion. Saiwa Pacific made $299 million, Americair $161 million and Japair $155 million. Taiwan airline earned $20.8 million and Dongwoo brother air $7.27 million.

Small carriers report mixed quarters

AAVIRA Air of New Delhi made a profit of $110,000. BERline lost $121,000 and 瓯越航空 (Ouyue Airlines) lost $239,000. MainLynx lost $224,000. Flylo and Minecraft Air took no revenue and lost $302,000 and $34,000.

First BAe ATP delivered

LONDON — British Airways took delivery of the world's first BAe ATP.

Pacifica Airlines founded

SAN FRANCISCO — IDSM has founded Pacifica Airlines, with $10.9 million from investors.

Zephyr European Airlines founded

AMSTERDAM — Migel_Z has founded Zephyr European Airlines, backed by $10.9 million.

British Airways launches Australian Airways

SYDNEY — British Airways, which also owns Deutsche BA, has founded Australian Airways, with $81.8 million from outside investors. It opened a Sydney hub. Melbourne flights begin on 14 June, and Brisbane, Auckland and Perth follow on 11 July.

K AIRLINES takes first MD-88

LONDON — K AIRLINES took delivery of the world's first McDonnell Douglas MD-88.

Saiwa Pacific becomes Pacific West Airlines

HONOLULU — Saiwa Pacific now flies as Pacific West Airlines.

Sai founds Latair

SÃO PAULO — Sai, founder of Pacific West Airlines and Uraljet Soviet Airlines, has founded Latair, with $35.4 million from investors.

British Airways profit falls to $71.3 million

LONDON — British Airways' second-quarter profit fell to $71.3 million, on revenue of $1.78 billion. It had earned $1.47 billion in the first quarter.

Tachyon earns $568 million

BOSTON — Tachyon Travel made $568 million. Americair earned $167 million, Pacific West Airlines $167 million and Deutsche BA $35.8 million. Japair's revenue rose 54% and it made $158 million. Clankerairlines and Uzbekistan Express each reported a profit of about $343,000 without revenue.

K AIRLINES enters restructuring

LONDON — K AIRLINES has entered restructuring after three missed payments in 90 days. It must return to profit by 5 January 1989 or be liquidated.

Emirates shares begin trading

DUBAI — Emirates' investors' shares now trade, valuing the company at $34.7 million.

Biscuit receives first Boeing 747-300

NEW YORK — Biscuit Aviation took delivery of the world's first Boeing 747-300.

Alfalinea founded in Rome

ROME — Sai has founded Alfalinea, with $13.5 million from investors. It will fly Rome–Milan 56 times a week from 8 August.

K AIRLINES liquidated

LONDON — K AIRLINES has been liquidated after failing its restructuring. Its aircraft go to market and its gates and slots are released. It also left Star Alliance.

Iran and Iraq airspace reopens

Flights may again route through Iran and Iraq, as the ceasefire in their eight-year war takes hold.

First Airbus A300-600R for Deutsche BA

BERLIN — Deutsche BA took delivery of the world's first Airbus A300-600R.

Alkuna founds LAX Airline

DALLAS-FORT WORTH — Alkuna, founder of Astronesia airways, has founded LAX Airline.

Americair receives first Boeing 737-400

CHICAGO — Americair took delivery of the world's first Boeing 737-400.

First Fokker 100 delivered

BERLIN — Deutsche BA took delivery of the world's first Fokker 100.

Alfalinea renamed

ROME — Alfalinea is now Avanti! Italian Airlines.

Hela founded in Harare

HARARE — Hela has been founded in Harare.

British Airways revenue up 179%

LONDON — British Airways' third-quarter revenue rose 179% to $3.78 billion, and profit recovered to $1.32 billion. Pacific West Airlines made $155 million, Deutsche BA $94.6 million and Uraljet Soviet Airlines $39.9 million.

Gains and losses at smaller carriers

PARIS — European Airlines earned $148,000. fenfulhi101 of Malé lost $7.53 million.

AYANDA founded in London

LONDON — Hela, founder of the Harare carrier of that name, has founded AYANDA.

Astronesia orders A320s

LONDON — Astronesia airways ordered 20 Airbus A320-200.

IVAN AIRWAYS founded

ABIDJAN — ivan has founded IVAN AIRWAYS.

fenfulhi101 enters restructuring

MALÉ — fenfulhi101 has entered restructuring after three missed payments. It must return to profit by 3 May 1989 or be liquidated.

Ashy shares listed

MANILA — Ashy's investors' shares now trade, valuing it at $34.5 million.

Japair takes first Airbus A320-200

TOKYO — Japair took delivery of the world's first Airbus A320-200.

Alps air founded

GENEVA — Alps air has been founded, with $11.2 million from investors.

Avanti! enters restructuring

ROME — Avanti! Italian Airlines has entered restructuring after three missed payments. It must return to profit by 15 May 1989.

Australian Airways opens three hubs

MELBOURNE — Australian Airways opened hubs at Melbourne, Brisbane and Perth. It announced flights to Los Angeles, San Francisco, Singapore and Hong Kong.

Swiss airlines listed

ZURICH — Swiss airlines' investors' shares now trade, valuing it at $37.7 million.

Austrian Airlines founded

VIENNA — Samuel has founded Austrian Airlines, with $11.2 million from investors. It will fly Vienna–London daily from 28 November.

Myanmar Airways International listed

MANDALAY — Myanmar Airways International's investors' shares now trade, valuing it at $34.2 million.

Transavia and matinfly shares trade

Transavia of Paris is valued at $33.2 million and matinfly of Tehran at $32.7 million.

IVAN AIRWAYS in restructuring

ABIDJAN — IVAN AIRWAYS has entered restructuring and must return to profit by 30 May 1989.

Qatar Airwayds listed

DOHA — Qatar Airwayds' investors' shares now trade, valuing it at $38.7 million.

Three airlines' shares fall below $1

Shares in Deutsche BA, Uraljet Soviet Airlines and fenfulhi101 have closed below $1 for 30 days. They must close at $1 or more for ten days in a row by 1 June 1989, or their boards will consolidate them.

Saint Lucian Airways founded

MARTINIQUE — Aron has founded Saint Lucian Airways.

Kitsune Express founded

HALIFAX — InfectiousKitsune has founded Kitsune Express.

Holland Airlines joins Zephyr in Amsterdam

AMSTERDAM — Balln&CantGetUp has founded Holland Airlines, with $5.61 million from investors. It is the city's second new carrier this year, after Zephyr European Airlines.

LAX Airline enters restructuring

DALLAS-FORT WORTH — LAX Airline has entered restructuring three months after its founding. It must return to profit by 13 June 1989.

booooo listed

JAKARTA — booooo's investors' shares now trade, valuing it at $35.6 million.

Calgary connect founded

CALGARY — twinkieaviation has founded Calgary connect, with $11.2 million from investors.

United Airline founded at Dallas-Fort Worth

DALLAS-FORT WORTH — Uzutwlrds has founded United Airline, with $11.2 million from investors. It joins LAX Airline in the city.

Zephyr crosses the Atlantic

AMSTERDAM — Zephyr European Airlines will fly to Chicago, Los Angeles, Toronto and Miami from February. These routes follow the New York service it announced earlier this month.

1988 in figures

34 airlines flew 135 million passengers.

Airline Home Passengers Change On time Aircraft Profit
British Airways (BA) London 36.5 million +162% 89% 323 $4.27 billion
Tachyon Travel (TT) Boston 32.0 million +144% 82% 258 $2.20 billion
Japair (PA) Tokyo 14.2 million +30% 90% 55 $617 million
Deutsche BA (DI) Berlin 12.8 million +491% 89% 208 $402 million
Americair (AA) Chicago 10.7 million +321% 91% 50 $746 million
Pacific West Airlines (SP) Honolulu 7.00 million +377% 75% 75 $819 million
Uraljet Soviet Airlines (US) Novosibirsk 5.77 million +834% 86% 51 $119 million
Astronesia airways (AS) London 4.01 million +3078% 91% 57 $238 million
Biscuit Aviation (BI) New York 3.65 million +33337% 91% 33 $462 million
Taiwan airline (TA) Taoyuan 2.12 million +66% 91% 17 $79.2 million
Australian Airways (AU) Sydney 1.53 million new 91% 55 -$28.6 million
Zephyr European Airlines (ZE) Amsterdam 997,346 new 81% 19 $5.16 million
Avanti! Italian Airlines (AR) Rome 526,204 new 76% 9 -$36.1 million
Dongwoo brother air (DB) Taoyuan 465,666 +103% 87% 5 $17.9 million
Qatar Airwayds (QR) Doha 446,973 +5320% 83% 5 $17.5 million
Pacifica Airlines (PC) San Francisco 415,800 new 89% 7 $5.20 million
Jikar Air (JK) Auckland 355,198 new 87% 5 $4.88 million
Swiss airlines (LX) Zurich 337,839 +1541% 93% 2 $24.1 million
European Airlines (EA) Paris 233,988 new 76% 3 $3.77 million
Chinair (CH) Beijing 193,106 new 93% 28 -$11.7 million
AAVIRA Air (AV) New Delhi 74,568 +5% 93% 2 $752,000
BERline (BE) Berlin 62,016 +15% 91% 1 -$531,000
Lumisade (LU) Helsinki 53,855 new 91% 11 -$16.2 million
K AIRLINES (KA) London 53,631 new 92% – -$36.4 million
fenfulhi101 (FE) Malé 15,616 +956% 83% 1 -$30.4 million

And 9 more.

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