All Strategy news – Page 1047
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News
Aer Lingus will sign up strategic partner 'by the first half 2000'
Max Kingsley-Jones/LONDON Aer Lingus should be ready to decide on its strategic partner by the end of the first quarter of 1999, enabling a firm agreement to be finalised during 2000. The airline's executive vice-president for Europe, Richard Luchente, says that the carrier is discussing a strategic partner ...
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Air France plans US link to pave the way toward a global alliance
Julian Moxon/PARIS Air France expects to join a global airline alliance based on an agreement with one of its two US partners, "before the end of 1999", according to the airline's president Jean Cyril Spinetta. The signing of the co-operation pact between KLM and Alitalia on 27 November ...
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GPA sale
Air Canada has sold its remaining 10.2% interest in leasing company GPA. The bulk of the shares have been acquired by a Texas Pacific Group subsidiary, although other shareholders have also purchased shares. Air Canada will realise an after-tax gain of C$18 million ($11.7 million) on the sale. Although the ...
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MD-90 delivery kicks off Aserca's fleet renewal
Aserca Airlines has begun its fleet renewal programme with the delivery of a new Boeing MD-90 and is now finalising plans for additional aircraft. The Venezuelan airline has taken the aircraft on lease from Taiwanese leasing company Hwa-Hsia Leasing, via Caribbean airline Air Aruba, which has also just introduced ...
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BA's CityFlyer buy bolsters Gatwick hub
Max Kingsley-Jones/LONDON CityFlyer Express says that no significant changes will result from the £75 million ($124 million) take-over by its franchise partner, British Airways. The London Gatwick based regional airline has a conditional agreement with BA to purchase the entire company. The deal is subject to formal approval ...
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Marketplace
-Bombardier has confirmed the BWIA International Airways order for two new Dash 8Q-300s for delivery in mid-January 1999, plus options on another two. -Icelandair has converted two of its five options for Rolls-Royce RB211-powered Boeing 757-200s, for delivery in 2000 and 2003. -Danish charter airline Sterling European Airlines will ...
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Northwest eyes regional jets
Ramon Lopez/WASHINGTON DC Northwest Airlines is expected to decide early next year whether to equip its Memphis, Tennessee-based Northwest Airlink subsidiary, Express Airlines I, with regional jets, according to industry sources. The matter was discussed at the US major's recent board meeting, but a decision was put off ...
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Lawsuit fails to stop Northwest purchase of Continental stock
Northwest Airlines has completed its $311 million purchase of 51% of Continental Airlines' voting stock owned by David Bonderman's Air Partners investment house, despite anti-trust objections from the US Justice Department. The transaction will lead to a so-called "virtual merger" of the airlines, linking route networks through codesharing and ...
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Alitalia and KLM sign unity
Julian Moxon/AMSTERDAM KLM and Alitalia signed a far reaching "master cooperation agreement" on 27 November, which, although it stops short of equity exchange, commits the two airlines to "uniting as deeply as possible". Alitalia managing director Domenico Cempella warns, however, that the airline, which is still majority government-owned ...
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PAL/Northwest talks cast doubt on Cathay bail-out
Andrzej Jeziorski/MANILA Philippine Airlines (PAL) has thrown into question Cathay Pacific's attempts to acquire a controlling stake in the debt-ridden carrier, by restarting talks with Northwest Airlines. Northwest has previously shown interest in PAL, as has Singapore Airlines, but talks with all other interested parties had been suspended ...
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Airports Gearing up to grow
An unprecedented enthusiasm for commercialisation is sweeping the world's airports. Old public service concepts are out. The new creed is cost containment, private finance, aggressive marketing and even acquisition strategies. But before the airline customers start to celebrate, there are potential penalties as well as gains from this latest trend. ...
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Internet pursuit heats up
Two US airlines - Northwest Airlines and Continental Airlines - have brought fresh attention on the Internet as an inexpensive marketing tool by establishing two-tier pricing structures for their heavily discounted Internet air fares. Northwest has been giving travellers a $20 discount if they buy special fares - posted ...
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ROUTES
Aloha flights - Canadian Airlines, in partnership with Air Pacific of Fiji, will begin a three-times weekly service from 7 December between Auckland and Honolulu that will dovetail with Canadian's daily Toronto-Honolulu and Vancouver-Honolulu services. Nonstop Mardi Gras - Air Canada has begun a daily nonstop service between Toronto ...
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Star attracts a galaxy
The Star Alliance will expand to nine full members before the end of 1999, following All Nippon Airlines' (ANA) decision to join. ANA president, Kichisaburo Nomura, says his company will take up full membership at the start of October 1999, following the example of Ansett and Air New Zealand, ...
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Transbrasil reshapes
Transbrasil, which admitted earlier this year that it was the Brazilian carrier most vulnerable to the effects of the country's partial deregulation, has announced a series of changes aimed at regaining the local market share it has lost over the last three years. Founded by Omar Fontana 40 years ...
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Newsline Asia
Mandarin merger - China Airlines has set a June 1999 target date for the merger of its subsidiaries Mandarin Airlines and Formosa Airlines. The merged carrier will retain the Mandarin name, but will focus entirely on domestic services. Garuda shake-up - Debt-ridden Indonesian airline Garuda has appointed a new ...
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Asia in full alliance frenzy
In a clear response to adversity, Asia's weaker airlines are offering equity to stronger carriers and nearly everyone is scrambling for a position in one of the global groups. Philippine Airlines (PAL) is anxiously seeking a white knight. As the 20 November restructuring deadline drew near, Cathay Pacific appeared ...
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Royal Air Maroc gets back on track with record
Royal Air Maroc has staged a dramatic turnaround, underlined this year by what promises to be a record haul of profits and some ambitious expansion plans. Official figures have yet to be published for the Moroccan flag carrier's latest 1997/8 financial year to October, but it is confident that ...
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SAA dumps sale guidelines
Widely accepted guidelines for the privatisation of South African Airways (SAA) have been turned on their head by chief executive Coleman Andrews. The South African Government had said that it would sell off 49% of SAA, with 30-35% going to a single foreign partner and the balance finding its ...
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Airports can be low cost too
Spurred on by the low-cost carriers, Europe's local airports have begun to reinvent themselves as low-cost alternatives to the major hubs. Much attention has been lavished on the rise of Europe's low-cost airlines. But it is not only the carriers which are cutting costs. Following fast on their heels ...