All Strategy news – Page 1039
-
News
Mergers
* Lufthansa subsidiary GlobeGround has agreed to buy US-based Hudson General in a move that should end a take-over battle for the airport services provider. The GlobeGround offer tops earlier bids from Ranger Aerospace, Ogden and a group of Hudson managers. GlobeGround - which already owns 49% of Hudson affiliate ...
-
News
Embraer wins order for a LOT of ERJ-145s
LOT Polish Airlines is to acquire up to 12 Embraer ERJ-145 regional jets as part of a major restructuring plan which is aimed at reversing three consecutive years of losses. The carrier will use its new fleet of 50-seaters, replacing Boeing 737s, to boost frequencies on low-density routes to ...
-
News
Marketplace
*Sabena has contracted to lease a three-year-old ex-Malaysia Airlines, Pratt & Whitney PW4000-powered Airbus A330-300 in April on a six-year-lease from International Lease Finance (ILFC). Sabena operates three General Electric CF6-powered A330-300s on lease from Airbus, and will also add three new PW4000-powered A330-200s from ILFC from August. *The ...
-
News
Routes
* From 31March, KLM uk will withdraw all operations from Guernsey in the Channel Islands, including services to Southampton, London Stansted and Amsterdam. * British Airways' low-cost division Go is to expanding its services to south-west Europe, with new services from London Stansted to Faro and Malaga from the ...
-
News
America West pulls put of UAL talks
America West has pulled out of talks with potential buyers, including United Airlines (UAL), complaining that the "expressions of interest" received were "highly conditional". Chairman Bill Franke says America West will continue to go it alone as the USA's ninth largest airline, adding that he is confident that the ...
-
News
Majors play the mating game
US carriers are again testing the water with a series of new acquisition proposals. Perhaps it has something to do with the season, but it is almost exactly a year since they last indulged in a frenzy of mating activity and the US majors are at it again. Only this ...
-
News
Swissair/Delta could win SAA deal
Lufthansa, long considered the front runner in the race for a 30% stake in South African Airways (SAA), now appears to be facing a determined combined challenge from Swissair/Delta Air Lines. The German carrier launched an aggressive public relations exercise weeks ago announcing that, if successful, it would ...
-
News
Foreign ownership debate heats up
The debate in the USA over foreign ownership and control of airlines has come under a spotlight early in 1999 with airline and government officials discussing how a relaxation of the rules may occur. US Secretary of Transportation Rodney Slater stirred the controversy last year when he said the ...
-
News
Europe's BIG 3
Lufthansa, Air France and Swissair have built their repair and overhaul facilities into some of the most competitive in the world, but profit margins remain slim. Europe cannot claim to be a world leader in many sectors, but when it comes to commercial aircraft and engine maintenance, it is ...
-
News
Beijing tightens its belt
The Civil Aviation Administration of China (CAAC) may have escaped Beijing's directive that requires other agencies to divest their interests in the industries that they regulate, but aviation is not entirely unscathed by the latest belt tightening aimed at boosting China's weak economy and currency. Heading the list ...
-
News
Sir Harry cites bad health as he resigns from Air Afrique
Sir Harry Tirvengadum has resigned as chairman of Cote d'Ivoire-based Air Afrique, citing health reasons, but amid claims that political pressure was brought to bear. Tirvengadum asked to be released from his contract as chairman of the troubled multinational carrier on 29 January, after just two years in ...
-
News
Back to the future for Olympic
The encouraging noises that emanated from the management of Olympic Airways little more than 10 weeks ago have again faded as the the Greek carrier lost another managing director. The official line is that Theodore Tsakiridis resigned, but the speed of his departure bore the hallmarks of the political manoeuvring ...
-
News
News in Brief
EasyJet seeks listing - UK low-cost carrier easyJet has announced that it intends to seek a listing on the London stock exchange and the US Nasdaq market early next year, to finance the purchase of the new aircraft it has on order. A spokesman also said that easyJet would drop ...
-
News
Iberia joins oneworld alliance
Iberia is finally cleared to join the oneworld alliance, having tied up agreement with American Airlines and British Airways on their acquisition of small minority stakes in the Spanish flag-carrier. Iberia also now appears to be on course to finish off the year with its long-awaited privatisation. Iberia's ...
-
News
Japan's majors face loss of slots
Low-cost start-up carriers appear to be having more of an impact on Japan's "big three" than expected and new rules are on the way that could erode their dominance on busy domestic routes. The "big three" - All Nippon Airways, Japan Airlines and Japan Air System - are ...
-
News
Guyana sets sell-off date
The government of Guyana is hoping to have handed over control of Guyana Airways Corporation (GAC) by the end of April. The government's privatisation unit says it had set a deadline of 16 February for would-be purchasers to submit proposals and then it was hoping to complete the sale within ...
-
News
American plans Aeroperu bid
In a move that could transform the alliance landscape in Latin America, American Airlines is studying whether to take control of AeroPeru. American is exploiting the vacuum created when Delta and Cintra, the holding company for Aeromexico and Mexicana, refused to inject more cash into unprofitable Aeroperu. Delta ...
-
News
Ansett greets Star with fleet upgrade
Ansett Australia is upgrading its fleet to include Boeing 747-400s as it prepares for its entry on 28 March into the Star Alliance. In a surprise move, Australia's second carrier says it will lease two 747-400s for five years from new partner Singapore Airlines (SIA), when leases on two ...
-
News
Low cost or bust
Europe's low-cost experiment is in full flow, but are there casualties waiting? Ever since the low-cost formula began to take root in Europe a couple of years ago, industry observers have been waiting keenly for the first start-up to fail. Even the low-cost pioneers themselves have expressed surprise that ...
-
News
Third Party Pressure
The third party maintenance, repair and overhaul business will consolidate further as the dominant companies seek greater economies of scale and airlines turn their attention back to improving costs. If you were asked to name the landmarks of the aircraft maintenance and overhaul industry over the past year, you ...