All Strategy news – Page 1023
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Estonian revival
Western philosophies are about to pay dividends for Estonian Air, which is on the verge of its first operating profit Andrew Chuter/TALLINN Looks are deceiving, I hoped, as the taxi approached the dowdy Soviet-style offices of Estonian Air at Tallinn Airport. I had come to the Estonian capital to report ...
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Fit to survive
LanChile is determined to flourish in the an unpredictable economic climate that has already claimed two airlines David Learmount/SANTIAGO DE CHILE Latin American airlines are punch drunk. They have been successively hit by precarious home economies, a diving Brazilian currency, the Asia-Pacific economic crisis and a wave of ...
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SITA members say yes to IT separation
SITA members have approved plans to form its information technology businesses into a separate company, raising the prospect of substantial windfalls for airlines when the new entity goes on the stock market. The move has been prompted partly by SITA's success in creating Equant, which provides data services to ...
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Eurowings aims to finance new regional aircraft with flotation
Andrew Doyle/NUREMBERG Eurowings is reining in capacity to bolster its bottom line ahead of an initial public offering (IPO),aimed at helping finance a $1 billion fleet renewal. The carrier could order up to 40 new regional jets before the end of the year. Dortmund-based Eurowings is to replace most of ...
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Start-ups look to profit from AeroPeru gap
Two foreign-backed Peruvian start-up airlines are preparing to fill the domestic and international void left by AeroPeru, as time runs out to rescue the bankrupt national carrier. Chilean-backed LanPeru aimed to start scheduled services on 5 July and will be joined shortly by Central American-supported TransAm. The carriers have ...
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Routes
Yugoslavia's JAT resumed some international flights from Belgrade on 25 June. All flights had been suspended since 24 March, when NATO bombing of the country started. By 9 July, JAT expects to be flying to Cyprus, the Czech Republic, Tunisia and China, the airline says. Most of Europe may remain ...
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US firm develops Jetstream cargo conversion
US cargo specialist Murray Aviation is carrying out the first cargo conversion of a British Aerospace Jetstream 31 (J31), and is aiming to secure a supplemental type certificate early next year. The Detroit-based company has bought a 13-year-old ex-US Airways Express J31, which is undergoing conversion at its base. ...
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Airports
Little Cayman Island in the Caribbean will be able to take larger aircraft from next year after the completion of a new 1,220m (4,000ft) runway. The Cayman Ministry of Transportation recently approved the development and expects to pick a contractor in time for work to begin late this year, to ...
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Beijing may force merger of Air China and China Southern
Andrzej Jeziorski/SINGAPORE The Chinese Government is considering a forced merger between flag carrier Air China and China Southern Airlines, the country's biggest airline. Industry sources in Beijing, Hong Kong and Shanghai say such a proposal is under study, but that many obstacles - including the airlines' own reluctance - ...
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Israelis take stake in Balkan Bulgarian
Knafaim-Arkia, holding company of privately owned Arkia Israeli Airlines, and the Zeevi investment group have together taken a 75% stake in Balkan Bulgarian Airlines for a bargain price of $150,000 - but have also agreed to invest $100 million in restructuring the airline over the next 10 years. Knafaim-Arkia ...
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Aeroflot continues down recovery road with profit
Paul Duffy/MOSCOW Aeroflot Russian International Airlines says it is recovering from the consequences of last year's economic slide and continues to pay off its debts, including $170 million a year in lease fees on 25 Western airliners. Chief executive Valery Okulov admits that the airline was in danger of ...
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FLSA plans strategic US buy
Chris Jasper/DUBLIN Maintenance specialist FLS Aerospace (FLSA) plans a US purchase by the end of this year as part of a strategy that could see it rival Aviation Sales as the world's largest third-party-only aircraft overhaul provider. The Copenhagen-based company, a division of diversified Danish conglomerate FLS Industries, says ...
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UPS buys cargo carrier in drive for Latin America
United Parcel Service (UPS) aims to improve its position in the Latin American market with the purchase of Challenge Air Cargo (CAC), a freight-only carrier flying to 17 cities in that region from Miami and Dallas. CAC founder and president Bill Spohrer says the deal includes the acquisition of ...
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First from second
Lanchile has been "working to be one of the 10 best airlines in the world," Cueto says. He sets about defining what he means. "When you fly to the Far East you choose an airline - perhaps Singapore Airlines. When people fly to South America we want them to think ...
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The tie that binds
The game is far from over for the global airline grouping, as Delta's deal with Air France demonstrates. But if there is more realignment to come, the SAirGroup is putting its trust in old-fashioned equity. The course of love never did run smooth. Neither, it seems, do the course ...
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USA and UK revisit open skies talks
Talks on a new US-UK liberalised aviation bilateral agreement are due to resume at the start of July, but the hosts in Washington DC remain cautious about the likely outcome of this latest round. Talks were set to restart in mid-June but were cancelled by the UK Government, which said ...
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SAir reacts to Air France/Delta
The official confirmation of Air France's alliance with Delta Air Lines has provoked a sudden burst of activity from the US carrier's existing European partner Swissair. That included the announcement of plans to accelerate moves towards a "merger" with Sabena. Delta and Air France say that their deal, which ...
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Flying out of control
After years of restraint, carriers in Europe appear once more to be raising capacity faster than underlying demand. Yields have already come under pressure and the leading industry indicators being monitored by Airline Business and Commerzbank suggest that there could be worse to come. Last year it seemed that the ...
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Delta defers 777s as pilots pay protest proves costly
Delta Air Lines has deferred delivery of its remaining Boeing 777s on order and has decided to sell or lease two already in operation. The airline blames an ongoing dispute with its pilots and cites their failure to accept new pay rates and work rules for the aircraft type. ...
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Mexicana to be 'Starlet'
David knibb/ SEATTLE Mexicana is due to launch a new tier of membership within the Star Alliance if, as expected, it signs up as a member of the global grouping this month. According to sources within Star, while the Mexican carrier will behave externally as any other partner, internally ...