All Strategy news – Page 1062
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News
Marketplace
-Egyptair has signed a firm contract with Airbus Industrie for four A340-600s, including two orders and two options. It will introduce the 400-seat, Rolls-Royce Trent 500-powered A340 in 2003. -Southern Air Transport has taken delivery of a Boeing 747-200F, acquired from Northwest Airlines, which is being operated ...
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South African long-haul airline prepares to launch
A new South African airline, Air South Africa, plans to launch services between Johannesburg and London with a Boeing 747 during the third quarter of this year. Although Air SA's licence was approved by Pretoria's Air Services Licensing Council in 1997, the launch has been postponed twice after delays in ...
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Routes
-Northwest Airlines is suspending its three-times-weekly services between Detroit and Seoul, South Korea, from the beginning of February because of the economic downturn in the region.. -Frontier and Mountain Air Express (MAX)will start codesharing on 4 March at Denver International Airport, Colorado. -Canadian Airlines and LanChile will begin an ...
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Workshop
-Pemco Aeroplex has been awarded a maintenance contract by Mesa Airlines to carry out line maintenance, technical support and transit checks in support of Mesa's Bombardier Canadair Regional Jets in operation through Birmingham International Airport, Alabama. -AeroCorp has signed a contract with Continental Airlines to undertake heavy scheduled maintenance of ...
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US airline profits are 'best ever'
The major US airlines ended 1997 with their strongest profits on record, but the celebrations were accompanied by the promise of more turbulence ahead, with the fall-out from Asian economic crisis and the prospect of a renewed round of consolidation closer to home following the Continental/Northwest Airlines tie-up. With only ...
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British Airways is ready to Go with no-frills contender
British Airways is to launch its London Stansted based "no-frills" division under the name Go. The launch is set for early in the second quarter of 1998. Go's chief executive Barbara Cassani denies that the new airline's remit is to eliminate new low-cost entrants such as easyJet, but warns that ...
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Northwest and Continental tie-up raises Alitalia/KLM hopes
Kevin O'Toole/LONDON Julian Moxon/PARIS The tie-up between Northwest and Continental Airlines has been welcomed by European partners Alitalia and KLM, offering the prospect of a global alliance within five years. "The deal opens the door to a much wider co-operation," says Fausto Cereti, chairman of Alitalia, which already ...
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Latin carriers link for A320 deal
Three major Latin American carriers, TAM of Brazil, TACA Group of El Salvador and LanChile, are in final negotiations with Airbus Industrie to place a joint order for up to 130 A320-family aircraft. The deal should be concluded by March. LanChile confirms that it has already signed a letter ...
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Wexford agrees to acquire US regional
US Airways Express carrier Chautauqua Airlines is to be acquired by US investment firm Wexford Aviation, which plans to place some of its recently ordered Embraer RJ-135 and RJ-145 regional jets with the Indianapolis-based airline. Greenwich, Connecticut-based Wexford has agreed to acquire 100% of privately held Chautauqua, which had ...
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Do not pass 'go'
So British Airways' no-frills start-up is "Go"; but will it - and what sort of response will it attract from powerful European competitors like Lufthansa? Even more important, from where will the passengers come to make these no-frills airlines work? The justification for an existing airline to launch a ...
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Rwanda rosette
Alliance Air has taken over Air Rwanda's operations and will start services to Kigali on 1 March. The new airline, to be called Alliance Express, will offer a regional network, taking in Uganda, Tanzania and Rwanda, and dovetailing into Alliance Air's international services. Source: Airline Business
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DOT spotlights fare changes
The US Department of Transportation began publishing its domestic airline fares consumer report in response to an increasing number of inquiries about ticket prices. The first report, for the third quarter of 1996, was released in June last year and the latest report is based on data for the second ...
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French stick over partner
Doug Cameron Investment bankers are sharply split over Air France's ability to secure a strategic airline investor and Air France's advisers have retreated from supporting a trade sale after the collapse of its planned Alitalia agreement. Air France plans an equity issue of FFr18 billion (US$2.9 billion) in ...
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Eye of the tiger
National flag carrier Air India is being readied for a merger with its domestic partner Indian Airlines and at least partial privatisation. But once again political change threatens to scupper the progress made so far. Tom Ballantyne reports from Mumbai. If anyone had doubts that Mumbai-based flag carrier Air-India was ...
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Islands apart
A grand plan for Air Jamaica to be the focus of closer cooperation in the Caribbean region has failed to materialise, and instead would-be partners like BWIA continue to pursue their own separate strategies. Karen Walker reports. According to a joke that circulates in the Caribbean, St Peter allows newly ...
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No more red China blues?
Tom Ballantyne China's airlines are getting their first taste of capitalism as the country's carriers drastically slash their air fares and liberalisation hits the region. The Civil Aviation Administration of China has given its 27 CAAC-approved airlines the go-ahead to cut prices by up to 40 per cent ...
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Carriers free private parts
Doug Cameron Belgium-based City Bird's rocky initial public offering suggests that the recent spate of successful IPOs by European airlines may be over. Last year, low-cost European airline stocks benefited from a surge in interest from US investors who moved heavily into Ryanair and Virgin Express. However, the ...
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Airline News
American Airlines is to launch daily services from Dallas-Fort Worth to Manchester on 6 April and from Boston to London/ Gatwick on 22 May. American Airlines expanded ticketless travel to all its north Atlantic flights on 17 January. Delta Air Lines plans to start daily services from Atlanta ...
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Asia's crisis: a rude awakening
Asia's financial crisis is now threatening to start another global airline recession. What goes up must come down. Of all people, participants in the aviation business should understand this most basic phenomenon. After all, the one certainty of every flight is that gravity will bring it down eventually. All that ...
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Higher US fares are hitting home
As US domestic fares continue to rise, more business travellers are making concessions in order to obtain lower fares, or are switching to low-cost carriers. Report by Karen Walker. The New Year had barely been rung in when both American Express and the US Department of Transportation confirmed what most ...