All Strategy news – Page 1106
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News
Sparks fly over TWA 800
Ramon Lopez/WASHINGTON DC THE FIRST anniversary of the crash of Trans World Airlines (TWA) Flight 800 on 17 July, 1996, has been marked by sparring between the two main US aviation-safety agencies over appropriate action on fuel-tank-safety. US Federal Aviation Administration officials and US National Transportation ...
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EC will say yes to Alitalia state aid, with conditions
The European Commission (EC)is on the verge of finally approving Italian Government aid for debt-ridden national carrier Alitalia. The Commission has refused to accept Italian assurances that the L3,000 billion ($1.8 billion) required should be considered as a commercial investment. Instead, Europe's transport commissioner Neil Kinnock ...
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Britannia establishes charter subsidiary in German market
Andrzej Jeziorski/Munich Britannia Airways has formed a new German charter subsidiary, which will compete in a market dominated by LTU and Lufthansa-owned Condor. The new airline, which carries the same name as its London Luton, UK-based parent, will start operating in November, with an initial fleet ...
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KLM takes complete control of feeder airline Air UK
KLM has acquired complete control of Air UK in a deal in which the Dutch airline has bought the 55% shareholding from British Air Transport Holdings. The deal, for which no purchase price has been disclosed, will give KLM 100% control of the largest provider of feed traffic ...
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ValuJet merges into Air Tran
Graham Warwick/WASHINGTON DC VALUJET AIRLINES has agreed a merger with AirTran Airways which will rid the carrier of its stigmatised name, increase its maintenance capability and overcome US Federal Aviation Administration restrictions on its growth. The ValuJet and AirWays holding companies will merge, but the two ...
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KLM
Daan Meyer, most recently director of operational affairs at Transavia Airlines, has been appointed executive vice-president of KLM Engineering and Maintenance, succeeding Peter Hartman, who moves to KLM's board on 5 August. Meyer has previously worked for KLM Engineering and Maintenance as vice-president marketing and sales, director of aircraft maintenance ...
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Delta
Stephan Egli has been appointed vice-president for the Atlantic/ Pacific business unit of Delta Air Lines, from July. He was formerly vice-president for network management at Swissair. Malcolm (Mac) Armstrong is named vice-president for corporate safety and compliance. Armstrong was formerly vice-president for corporate safety and regulatory compliance at US ...
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BEA growth continues
Airline cabin-interiors specialist B/E Aerospace (BEA) confirms its return to health with record results for the first quarter to the end of end of May. Net sales were up 17%, to almost $114 million and net profits rose fivefold, to almost $7 million. The backlog grew by $105 million, to ...
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Pulkovo commits to new-terminals investment
Pulkovo Air Transport, which runs airport and air services at St Petersburg, Russia, is planning a $280 million investment programme, including construction of new passenger and cargo terminals. The investment will be backed largely by a loan from the European Bank of Reconstruction and Development, possibly joined by ...
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Air Jamaica aims to defeat American in the Caribbean
Graham Warwick/MONTEGO BAY AIRJAMAICA has inaugurated a Caribbean hub at Montego Bay, and signed a co-operation agreement with Delta Air Lines, in a bid to challenge American Airlines' dominance in the region. The Montego Bay hub, which was officially inaugurated on 30 July, links flights from ...
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India may perform U-turn on overseas investors
The Indian Government is considering reversing its ban on foreign airlines taking an equity stake in domestic operators. The ban was enacted earlier this year by the administration led by prime minister Deve Gowda. His replacement in April by a new leader has led to a reconsideration of the move, ...
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P&W and SIA sign engine-overhaul agreement
Pratt & Whitney has signed a preliminary agreement to invest in Singapore Airlines' (SIA) engine service-and-overhaul capability and develop it as a regional joint-venture business. Under the memorandum signed, P&W plans to take a 51% stake in the joint venture, with SIA's engineering subsidiary holding the rest. The ...
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Western Pacific and Frontier plan low-fare marriage
The two Colorado-based independent carriers, Western Pacific Airlines (Westpac) and Frontier Airlines, have announced plans to merge and form one of the largest low-fare operators in the USA after Southwest Airlines. The two airlines lost $21 million between them in the first quarter of 1997 and hope to ...
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Malaysian start-ups plan for expansion
Malaysia's two new start-up carriers, AirAsia and Saeaga Airlines, are negotiating for additional passenger aircraft to serve a planned expansion in regional and international routes. AirAsia is understood to have asked manufacturers to submit initial proposals for a mixed fleet of new aircraft. According to industry sources, the ...
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Sunrock and British Airways place orders with Boeing
Boeing has received an initial order from Irish operating lessor Sunrock Aircraft for seven 737s, worth $250 million, which could lead to a further 13 orders. Based in Dublin, Sunrock is the operating-leasing arm of Japanese institution Nissho Iwai. The initial contract is for two 737-300s and five ...
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MDC creates Asian leasing joint venture to boost sales
Paul Lewis/SINGAPORE McDonnell Douglas (MDC) is hoping to revive flagging sales of its narrowbody-aircraft range, with the planned establishment of a joint-venture leasing company in partnership with Taiwanese interests. Under a letter of intent signed with Taiwan-based Central Leasing, the US manufacturer plans to take a ...
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Sun-Air takes ATPs as step to jet power
Sun-Air of Scandinavia, the Danish regional-turboprop operator and British Airways franchise airline, is to purchase two ex-Seoul Air International British Aerospace ATPs from BAe Asset Management-Turboprops (AMT). The move comes as a result of increasing load factors on the airline's twice-daily Manchester-Billund service, and as part of a long-term fleet ...
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Hopes of Alitalia profit rise with March figures
Kevin O'Toole/LONDON A strong improvement in Alitalia's performance is fuelling optimism that the group could be back in profit this year and that the upturn will ease the way for European Commission (EC) approval for recapitalisation Unofficial figures show that the airline group made a profit ...
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Debonair seeks public listing and own licence
Debonair, one of the new wave of European low-fare carriers, is preparing to raise new capital through an international share sale, and also reveals that it is close to obtaining its own airline operator's licences. The carrier plans to become one of the first UK-based companies to seek ...
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Swiss World aims for long-haul start-up in November
Kevin O'Toole/LONDON Swiss World Airways, the new carrier being set up in the wake of Swissair's removal of long-haul services at Geneva, has announced plans to start flying to North America by November. The airline aims to begin services from Geneva with two leased Boeing 767s, ...