All Strategy news – Page 1058
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News
British Midland applies for transatlantic routes
David Learmount/LONDON British Midland (BM) has filed bids to launch a series of transatlantic services from London Heathrow, starting what it says will be a market development programme lasting between five and seven years. The carrier says that it has made its move in anticipation of a UK/US "open ...
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Marketplace
-Pearljet of Australia has purchased a second British Aerospace Jetstream 41 from BAe Asset Management - Turboprops (AMT), to be based at Brisbane. -O'Connor Airlines of Mount Gambier, Australia, has become the first customer in the Asia- Pacific region for the British Aerospace Jetstream 32EP enhanced performance aircraft, leasing two ...
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Fairchild Dornier examines 728JET partners
Principal risk-sharing partners in Fairchild Dornier's proposed new 728JET family of regional aircraft should be known by the end of the month. The main design configuration is expected to be frozen by May. The company's regional and business aircraft president Earl Robinson says that a total of 17 competing ...
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Pan Am suspends airline operation
Pan American World Airways filed for Chapter 11 bankruptcy protection on 26 February and "temporarily" ceased operations while the parent company seeks debtor-in-possession financing. The company is in default on aircraft lease payments of around $4 million and failed to make a $3.3 million security payment to Airline Reporting, which ...
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Fairchild Dornier examines 728JET partners
From Flight International Principal risk-sharing partners in Fairchild Dornier's proposed new 728JET family of regional aircraft should be known by the end of the month. The main design configuration is expected to be frozen by May. The company's regional and business aircraft president Earl Robinson says that a total ...
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AirTran aims for 'fresh start' after making heavy losses
US low fare airline AirTran says that it is "positioned for a turn-around", despite posting heavy losses for last year. The former ValuJet has reported a net loss for 1997 of $96.7 million, more than double its 1996 loss, on operating revenues that fell slightly, to $211.5 million. One-time ...
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AIA 98 WINNER:AMECO-Beijing (Maintenance & Modification)
AMECO-Beijing took its first important steps into the international market for heavy aircraft maintenance in 1997, showing how far the Chinese joint venture has come over the past eight years. AMECO was set up at Beijing's Capital Airport in 1989 as a joint venture between Air China and Lufthansa, ...
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Eastern premise
The abiding lesson from the recent Singapore air show is not the magnitude or nature of the present economic unrest in the Asia-Pacific region, but the vulnerability of the aerospace community in the region to such a crisis. Much as time and effort needs to be expended in countering the ...
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Asians sign up for Trent work
A memorandum of understanding for a proposed joint venture to undertake Trent engine overhaul and maintenance in Asia- Pacific has been signed by Rolls-Royce, Singapore Airlines Engineering (SIAEC) and Hong Kong Aero Engines Services (HAESL). HAESL, a joint venture between R-R and Hong Kong Aircraft Engineering, is the only ...
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France will retain majority stake in Air France
Julian Moxon/PARIS The French Government has opted for a progressive reduction in its 94% stake in Air France, but will retain a 53% stake in the carrier, leaving it as one of the last in Western Europe to remain state controlled. The move, which comes as Air France ...
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BA set to Go
British Airways has named its new low-cost airline subsidiary 'Go'. It will be launched in May from London/Stansted. Source: Airline Business
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Appointments
Federal Express has promoted David J Bronczek to executive vice president and chief operating officer and Tracy G Schmidt to senior vice president and chief financial officer. Karen M Claybourne has been appointed senior vice president and general counsel; Bob Elliott is now senior vice president of the Europe Middle ...
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BA alliance faces delay
Patience is a virtue that American Airlines and British Airways surely must be learning. Both carriers seem resigned to more months of delay as their proposed alliance faces scrutiny on both sides of the Atlantic. But BA now hopes that the European Commission might put all alliances at a ...
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Kiwi quests
Air New Zealand sees its future in a global alliance but has yet to gain access to the Star Alliance. Meanwhile the carrier still needs to overcome major challenges close to home. David Knibb reports from Auckland. Air New ZealandThey say events often happen in threes - all the more ...
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Sharp exit out of Asia
The Asian crisis is forcing Qantas and Air New Zealand to shift capacity out of Asia and into a face-off closer to home. Both airlines withdrew from Korea in January; Qantas has now announced cutbacks to Indonesia, Thailand, and Malaysia. Air New Zealand retreated from these markets last year. ...
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Degrees of new disaster
The Asian economic crisis may have thrown the entire region into turmoil, but differing attitudes among Asian startups illustrate how misfortunes vary between countries. Harlequin Air, a new affiliate of Japan Air System, is confident that while Japan may have economic worries, its citizens still have disposable income. Harlequin ...
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Airline News
Japan Airlines is scheduled to introduce a three times weekly service from Nagoya to Los Angeles, a twice weekly service between Nagoya and London/Heathrow and a weekly Hiroshima to Honolulu service, as well as a daily Fukushima to Sapporo operation this April. United Airlines is due to introduce a ...
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And then there were four . . .
The latest 'virtual merger' means four airlines have 70 per cent of the US market. The airline alliance dance has moved into a new phase with the announcement of the virtual merger between Northwest Airlines and Continental Airlines. The entire industry is still trying to digest the implications of this ...
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1997 at a glance
January Boeing and McDonnell Douglas announce plans for a $13.3 billion merger. Norwegian travel agents threaten to sue SAS over plans to reduce commissions. Delta Air Lines winds down its Frankfurt hub, ending its intra-European services. Swissair, Austrian, Sabena and Delta establish a revenue pool on the North Atlantic. A ...
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Dutch courage pays off
KLM is now in the major league of global alliances. But the carrier still needs to select an Asian partner while noise restrictions at its hub threaten its development. Leo van Wijk, president and chief executive officer, talks to Lois Jones about the challenges facing KLM.At 10.30 am precisely ...