All Strategy news – Page 1064
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News
Jet Airways prepares to lease ATR 72s
Ian Sheppard/LONDON Paul Lewis/SINGAPORE Jet Airways is close to signing a deal with ATR to lease eight new ATR 72 turboprops for an initial period of three years. This is the first move by the privately owned Indian domestic airline to form its own feeder fleet. Raj Desai, Jet Airways' ...
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Pacific ambitions
Guy Norris/GUAM Below the warm, crystal-clear waters of Bikini Atoll lagoon lies the mammoth Second World War aircraft carrier USS Saratoga. Almost 270m long, she is bigger than the Titanic and is the world's largest diveable underwater wreck. Resting upright on the bottom, her bridge is a mere 12m below ...
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PAL rescue plan goes into extra time
Philippine Airlines (PAL) has been given US and Philippine bankruptcy protection until the end of July, allowing the local Securities Exchange Commission (SEC)-appointed "rehabilitation committee" extra time to finalise and present a financial rescue plan. The troubled national carrier is temporarily shielded by the SEC from any claims made ...
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SAirGroup seeks to buy stake in Germany's LTU
In a fresh twist to the restructuring taking place in the increasingly aggressive German charter market, Swissair parent SAirGroup has entered negotiations to buy a 34.7% stake in German charter carrier LTU. The stake is held by Westdeutsche Landesbank, which has been ordered to sell by Germany's competition watchdog, the ...
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Swiss World 767 arrives in Geneva
Swiss World Airways' recently acquired Boeing 767-200ER has been flown to its Geneva base for pre-certification system checks. The 767 has been leased from Air New Zealand/Ansett Australia for two years and will be used to launch the airline's first route between Geneva and New York Newark. Swiss World, which ...
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Kenya's African hub
Kenya Airways reports 21% growth in business on African routes last year as it continued to expand the hub concept at Nairobi, which is now connected to 19 destinations throughout the continent. Overall, the airline reports an 8.8% rise in sales for its 1997/8 financial year to KSh11.6 billion ($196 ...
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EC allows American/BA alliance in exchange for Heathrow slots
Carriers on both sides of the Atlantic are stressing that there is still all to play for despite the European Commission's long-awaited ruling on the British Airways and Lufthansa transatlantic alliances. Major US airlines are already gearing up to lobby the US Department of Transportation to increase access to ...
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Indonesia is hit the hardest as traffic plunges in Asia-Pacific
Kevin O'Toole/LONDON Passenger numbers at Asia-Pacific airports tumbled by nearly 10% in March, with individual gateways in the region down by as much as half. The Asian downturn also appears to be affecting international traffic through US West Coast gateways. Worst hit in the region was Indonesia, with ...
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Aeropostal enters widebody world with A310s
Venezuela's LAV Aeropostal has added its first widebodied types - two Airbus A310s - on lease from Airbus Industrie. The Latin American airline has concluded a deal to acquire two 11-year-old Pratt & Whitney PW4000-powered ex-Pan Am/ Delta Air Lines A310-300s on five-year leases from Airbus Industrie Leasing. Deliveries ...
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Marketplace
-A New Tahitian carrier, Air Tahiti Nui, will launch services to points on the US West Coast and Japan later this year with an ex-Air France Airbus A340-200 leased from Airbus Industrie Financial Services. -SAS Commuter has increased its firm orders for Bombardier de Havilland Dash 8-400 from 15 to ...
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A320 beats 737 in Qatar fight
Max Kingsley-Jones/LONDON Qatar Airways has selected the Airbus A320 over the rival Next Generation Boeing 737 for its new short-haul fleet, and concluded a deal with Airbus for up to 11 aircraft. The Gulf airline is now turning its attention to the replacement of its A300s. The airline ...
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Swissair goes ahead with Stansted response
Swissair plans to fly three times a day between Zurich and London's Stansted Airport from October using 126-seat Airbus A319s, countering the growing threat from UK no-frills carriers such as easyJet and Go. Stansted-based British Airways subsidiary Go has applied for slots to launch services to Geneva from October ...
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Taiwan's U-Land links up with Air Philippines
Brent Hannon/TAIPEI Taiwan's U-Land Airlines has wet-leased the first two of three Boeing MD-82s to Air Philippines as the first step towards acquiring a 35% stake in the Philippine domestic carrier. Talks between the two airlines have been speeded up because of the Philippine Airlines (PAL) strike. Since ...
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American given all-clear to acquire stake in Aerolineas
Ramon Lopez/WASHINGTON DC American Airlines has been cleared by the US Department of Justice (DoJ) to acquire an 8.5% stake in Aerolineas Argentinas and its regional affiliate Austral Lineas Aereas - but the US carrier will have to limit its role because of anti-trust concerns. Under the terms ...
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Aer Lingus renews hunt for an alliance as Team sale nears
Kevin O'Toole/LONDON With the sale of its loss-making maintenance arm now back on course, Irish flag carrier Aer Lingus is preparing to reactivate its search for a strategic alliance partner and could be heading for a partial privatisation. The airline's state owners asked Aer Lingus management to submit ...
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Quicksilver machine
Guy Norris/DALLAS-FORT WORTHWithin the next five years, the combined fleets of American Airlines and its regional affiliate, American Eagle, will number almost 1,000, of which the vast majority will be jet powered. Managing these huge fleets, and restructuring them to meet the changing needs of the 21st century, has become ...
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BA ponders engine switch for big new 777 acquisition
British Airways is considering buying 20 more Boeing 777s in a $2 billion deal that could see it switch engine suppliers. The carrier selected the General Electric GE90 engine for its current fleet of 777-200s, having rejected an offer from traditional supplier Rolls-Royce, but it is now seeking bids ...
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EC allows American/BA alliance in exchange for Heathrow slots
Carriers on both sides of the Atlantic are stressing that there is still all to play for despite the European Commission's long-awaited ruling on the British Airways and Lufthansa transatlantic alliances. Major USairlines are already gearing up to lobby the USDepartment of Transportation to increase access to London Heathrow, while ...
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Huge UPS contract provides A300-600 lifeline for Airbus
Max Kingsley-Jones/LONDON UPS Airlines has chosen the Airbus A300-600 for its long-awaited widebody regional freighter requirement, with a deal for up to 100 aircraft, including 40 new build examples. The deal, which was won over a several bidders, including Boeing, provides a vital boost to the flagging A300 ...
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Pratt & Whitney begins UMC acquisition talks
Pratt & Whitney has opened negotiations to purchase Indonesia's Universal Maintenance Centre (UMC) from IPTN to complement its joint venture with Singapore Airlines (SIA) and join the US manufacturer's planned global engine overhaul and maintenance network. Cash-strapped IPTN is looking to sell its Bandung-based subsidiary as part of a ...