All Strategy news – Page 1100
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News
Condor studies long-range 757
Guy Norris/LOS ANGELES German charter airline Condor Flugdienst is studying a longer-range version of the Boeing 757 as well as the recently launched 767-400 as part of a long- term strategy to introduce extended range and higher payload aircraft into its fleet. Condor, which was the ...
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Greyhound abandons low-cost air service
Greyhound Canada is to end its Greyhound Air low-cost airline operation on 21 September, leaving Kelowna Flightcraft, which flies seven Boeing 727-200s for Greyhound, considering its options. Greyhound Air had lost C$28 million ($19 million) since beginning operations in July 1996, despite achieving good load factors, but is ...
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KAL jettisons A300B4s in fleet modernisation
Korean Airlines (KAL) is phasing out all of its Airbus Industrie A300B4s and replacing them with newer, leased A300-600Rs as part of a wider move to modernise its fleet of widebody and narrowbody jet airliners. Ansett Worldwide (AWAS) has acquired two of KAL's eight A300B4s and will take ...
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P&W effort to improve PW4000 reliability starts to pay dividend
Guy Norris/LOS ANGELES Pratt & Whitney says that an upgrade effort to counter reliability problems on more than 1,600 PW4000 engines is showing results, with a "dramatic reduction" to in-flight shutdown rates. The upgrade effort, known as the Number 1 reliability programme, involves around 100 service ...
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Air New Zealand looks to alliances to boost profits
Paul Phelan/CAIRNSKevin O'Toole/LONDON Air New Zealand (ANZ)is looking for benefits from its alliance strategy, including closer ties with newly acquired Ansett Australia, to help lift profits this year after posting a major slump in its results for 1996/7. Over the next year, the airline plans to ...
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Lufthansa sells off Hapag Lloyd
German national airline Lufthansa has sold its 17.95% stake in travel and tourism firm Hapag Lloyd to Preussag, in the run-up to the creation of a new travel conglomerate in partnership with tour operator NUR. Lufthansa says that its decision to sell the stake, already agreed by the ...
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Eastern rising
EVA Airways of Taiwan has achieved formidable progress in six years Brent Hannon/TAIPEI EVA Airways, launched with little fanfare in mid-1991, today boasts a fleet of 30, a route network which extends to London, New York and Panama City, and a balance sheet which shows ...
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Court sends receiver to run Israviation
Israviation has halted work on the ST-50 pusher-turboprop business aircraft, after an Israeli court appointed a receiver to manage the manufacturer's plant in northern Israel. Efforts are being made to find a new investor to replace the undisclosed Swiss company whose decision to pull out of the programme ...
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IBA
UK aviation consultancy the International Bureau of Aviation (IBA) has appointed Phil Seymour, formerly vice-president, technical at Exxtor, as director of technical services. He has also worked at British Airways, Dan-Air, Air Europe, Ambassador and Saudi Arabian Airlines. Source: Flight International
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Asiana gains widebody approval
Paul Lewis/SINGAPORE Asiana Airlines has finally been given government approval to order its first tranche of 14 new Airbus and Boeing widebody aircraft, following commitments from the manufacturers to meet last-minute South Korean demands for offset work. Tentative agreement on the question of industrial concessions has ...
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EVA turns sights on Europe in search for partner
Following confirmation of its tie-up with Continental Airlines, Taiwan's EVA has now turned its attention to finding a European partner. The two front runners are believed to be existing Continental partner, Air France, or Virgin Atlantic. "Air France is a good alliance for us, and could be for ...
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ValuJet probe shows cockpit shortcoming
Ramon Lopez/WASHINGTON DC Improved cockpit emergency training might have prevented pilots of a ValuJet McDonnell Douglas DC-9 from being overcome by smoke and fumes from a cargo fire, says the US National Transportation Safety Board (NTSB). The verdict follows its probe into the fatal crash of ...
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Chinese airlines propose flotations
China Eastern Airlines and China Southern Airlines are each planning to sell additional shares on the domestic Shanghai exchange, following their successful initial public offers in Hong Kong and New York. Shanghai-based China Eastern plans to sell shares representing around 6.5% of the airline to Chinese investors, raising ...
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SASCommuter confirms selection of 15 Dash-8 400s
SASCOMMUTER confirms that it plans to sign a $350 million deal for 15 Bombardier de Havilland Dash 8-400 turboprops, plus 18 options, representing the largest single order to date for the Canadian manufacturer's new high-speed 70-seat aircraft. The Dash 8-400 selection will fill a gap between the mainline ...
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Appointments
Royal Brunei Airlines has appointed Pg All bin Haji Ahmad as director of corporate affairs, Haji Yahya Cheman as director of customer services, George Tan as director of sales, and Brian Johnson as director of technical services. Don Washburn has been named executive vice president flight operations at ...
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Suppliers
Galileo International's initial public offering on the New York Stock Exchange raised US$784 million, giving the company a market value of $2.45 billion. Galileo acquired the Traviswiss distribution company for $8 million in July. The Sabre Group is to install its passenger reservation, yield management, passenger control, frequent ...
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PIA scraps sale
Pakistan International Airlines has shelved its planned partial privatisation. Instead the airline will look to tap the capital markets to fund restructuring and fleet renewal - PIA is looking at replacing its long-haul fleet. The airline also plans to cut costs by 20 per cent by the end of the ...
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Together we stand
As the major airline alliance groups begin to solidify, they are becoming more controversial than ever. This table reveals the truth behind the groups which seek to dominate the airline industry. The Star Alliance is well on the way to being the largest alliance group. Once Varig joins in October, ...
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Marginal gains
Given the usual distortions caused by special items, from restructuring costs to investment write-downs, all summaries of airline profitability have to be read carefully. The overall impression from this year's Airline Business 100 is that 1996 was a great year for some, but others have a long way to go ...