All Strategy news – Page 1063
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A Herculean task
Never trust Greeks bringing gifts, so the saying goes. It is to be hoped that doesn't apply to Greeks receiving gifts. Where is Hercules when he's needed? Unless he or the ancient gods intervene and provide a timely miracle, Greek flag carrier Olympic will require another sizeable gift from ...
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Asians clean up house
In hard times, heads roll. Sometimes leaders step aside voluntarily, as in the case of Japan Airlines' president Akira Kondo and chairman Susumu Yamaji. But purges at China Airlines (CAL) and Garuda Indonesia are part of major housecleaning efforts. In a dramatic move to distance China Airlines from its ...
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Losses: What losses?
The airline industry is renowned, with few exceptions, for its poor returns. Indeed, airlines as a group actually destroyed value between 1992 and 1997, achieving a feeble 6 per cent return on invested capital - at least three percentage points below the 9 to 10 per cent cost of capital ...
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SAA chief plans repairs
South African Airways' new US chief executive is promising a complete overhaul and believes alliances and privatisation will have to wait until the airline is in better shape. Coleman Andrews, former CEO of World Airways, has been given a four-year contract with a mandate to restore the South African ...
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Japan's economy faces overhaul
Japan is facing a crisis of historical proportions. The dramatic fall in the value of the yen and the long-term decline in the value of the companies which make up the Nikkei stock market index are simply symptoms of far-reaching changes taking place in the way in which the country ...
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Startups look to citizen McCain
Last year it was the ticket tax; this year it's the Department of Transportation. The US majors have a new enemy in their gunsights and the atmosphere on Capitol Hill is bellicose once again. In 1997 the carriers that united in a campaign to abolish the 10 per cent ...
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Debonair looks for frequent flier links
Low-cost UK carrier Debonair has emerged from its meeting to discuss setting up a joint frequent flier programme for the independent airline sector, declaring that it has up to 15 European carriers on board, including Virgin Express and Air Malta. Potential deals are also in place to extend the scheme ...
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Fine Air set for Southern Air purchase
Ramon Lopez/WASHINGTON DC Fine Air Services, the parent of Miami-based Fine Air, has revealed plans to acquire rival US cargo airline Southern Air Transport (SAT). Privately owned SAT, based in Columbus, Ohio, has been on the market for several months, with 747 freighter lessor Atlas Air previously tipped ...
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MEA discusses nine-aircraft order with Airbus and Boeing
Middle East Airlines (MEA) has confirmed it is in talks with Airbus Industrie and Boeing over an order for up to nine medium-range aircraft. The airline declines to clarify the details of the bids, but it is understood to be looking for a mix of six medium- and three large-capacity ...
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Marketplace
-CityFlyer Express has taken delivery of its fifth Avro RJ100, and has placed orders for two further aircraft for delivery in mid-1999. The airline, which operates British Airways franchise services from Gatwick, has also placed two options. -Atlas Air has placed a third 747-200 freighter with a consortium of South ...
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Routes
-Sabena will introduce jet services on its Brussels to London City service on 13 September, replacing the existing Bombardier Dash 8 with an Avro RJ85 on one of five daily flights. ++ Swissair will cease flights to Philadelphia at the end of October. The airline will offer connections via New ...
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EC closes issue of Air France state aid despite court decision
The European Commission (EC) has effectively laid to rest the issue over its four-year-old Air France state aid package, brushing off legal questions raised by last month's decision in the European courts. Air France should now be free to press ahead with its planned share flotation. The European Court ...
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Domestic boom keeps majors' profits rolling
The major US carriers turned in another healthy set of profits for the second quarter, but as the mid-year results rolled in, Wall Street was already getting jittery over the likely timing of a downturn. The headline results were again based on the strength of the domestic economy, where ...
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Sunshine jetset resets
Max Kingsley-Jones/LONDON While the sun is shining on Europe's holiday makers this summer, the tour operators have been hard at work on an industry-wide consolidation. The events of the last year or two have begun to reshape the major travel markets of Germany and the UK. The transformation has ...
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Star Alliance aims to build on Asia-Pacific links
The global Star Alliance is moving to consolidate its presence in the Asia-Pacific region, with some small but critical bilateral co-operation agreements and approvals either being finalised or close to be being concluded. Founding Star partner Lufthansa has announced a code-sharing agreement with Air New Zealand (ANZ) on routes ...
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US Airways plans fleet overhaul
US Airways is planning to update and expand its Shuttle fleet with Boeing 737-300s, but it claims that this will require its pilots to agree to a modified employment contract The division, which operates a fleet of 12 Boeing 727-200s on services between Boston, New York and Washington DC, ...
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Airbus holds talks with China to develop A310 replacement
Paul Lewis/SINGAPORE Airbus Industrie Asia (AIA) has tabled a series of possible substitute collaborative proposals to the defunct AE31X, including working with Aviation Industries of China (AVIC) on a new widebody aircraft to follow on from the Airbus A300/A310. The study project - dubbed the P305 - being ...
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BA reviews low-cost, long-haul plans after Flying Colours sale
Kevin O'Toole/LONDON British Airways appears to have scaled back plans for its low-cost, long-haul franchise partner Airline Management (AML). The rethink follows a change of ownership for Flying Colours, the charter carrier which has been providing AML with cabin crew and management. AML was set up a year ...
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Comair becomes first South African carrier to float
Hilka Birns/CAPE TOWN Comair, South Africa's largest domestic airline group and a British Airways franchise partner, becomes the first of the country's carriers to move to a flotation with a listing on the Johannesburg stock exchange planned this week. The flotation, which values the company at some R1 billion ...
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Guizhou to expand as China Southern takes control
Guizhou Airlines is preparing for a major expansion of its aircraft fleet and domestic network following an agree- ment for China Southern Airlines to acquire a controlling interest in the Chinese provincial carrier. The Guiyang-based airline has received the first of three Boeing 737-300s on a seven-year dry lease ...