All Strategy news – Page 1127
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News
Mutual interests
Mutual funds own substantial shares in most major US airlines. James S Altschul examines how they look at the airline business, and asks how much influence they wield. They are the behemoths of the equity investment world. Fuelled by a surging stock market, growing retail interest in equities, and a ...
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PIA is primed for sell off
Pakistan International Airlines looks set to become the latest carrier in the region to start the hunt for a strategic equity partner, as the shortlist is drawn up for potential bidders for a stake in Air Lanka. The Pakistani government called in a team from International Finance Corporation, ...
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US pilots are out for profit
Record profits and the use of regional jets are at the root of troubled pilot union negotiations at both American Airlines and United Airlines, and American could suffer a strike. The relationship between American's management and the Allied Pilots Association has changed dramatically since early January, when APA ...
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Skating on thin ice
Competition, high costs, declining yields, and powerful unions are weighing heavily on SAS, but salvation could lie in its growing alliance grouping. It must be like hoarding a treasure chest, only suddenly to find a queue of people knocking on your door demanding a share of the booty. SAS ...
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SIA still keen on Sempati
The main reasons behind Sempati Air's delayed initial public offering have now emerged as its deteriorating financial situation and the resulting top management shakeup. These events do not appear to have dampened Singapore Airlines' interest in taking a stake in the Indonesian private carrier. 'Discussions are continuing' about ...
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Lithuanian introduces Saab 340 on regional flights
Lithuanian Airlines (LAL) is leasing two used Saab 340B turboprops to develop regional routes from Lithuania's capital Vilnius. The first of the two used aircraft, formerly operated by now-defunct Spanish regional Prima Air, came into service in mid-January. The second will follow in April. LAL will ...
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Boeing regains popularity in China
Boeing is beginning to enjoy a revival in the number of its passenger aircraft being ordered and leased by Chinese carriers, as political relations between Beijing and Washington continue to show signs of improvement. After a year in which Boeing recorded total sales of only three aircraft in ...
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Ministry places launch order for Beriev Be-200
Russia's Ministry of Emergency Situations has placed an order with the Beta-Air consortium for seven Beriev Be-200 jet amphibians.The aircraft will be built at the APKSukhoi Irkutsk plant. Along with Irkutsk and Beriev, the Beta-Air consortium also includes Swiss financier ILTA Trade. The order is a further success ...
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Air France
François Bachelet has been appointed chief operating officer of Air France Cargo, taking over functions previously held by Sten Grotenfelt. Bachelet, who joined the company in 1965, was previously vice-president of development and a former chief executive of Sodexi, the express-freight subsidiary of Air France. Source: ...
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Cathay Pacific
Henry Fan, managing director of Citic Pacific, has been appointed to the non-executive position of deputy chairman of Cathay Pacific Airways. Capt Ken Barley has been named director of flight operations, succeeding Capt Gerry Clemmow, who retired at the end of 1996. Barley also replaces Clemmow on the Cathay Pacific ...
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Virgin Express may pull out of its Brussels base
Virgin Express, one of the pioneers of Europe's low-fares air market, reports that it grew by one-third in 1996 and expects to report a profit despite the dramatic growth. The announcement comes, however, with a veiled warning that Belgium's high social costs could persuade the carrier to leave ...
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Emery
Kerry Fielden has been appointed to the newly created position of sales manager for the UK, Ireland and southern Africa by the UK division of international aviation-services company Emery Worldwide, of Redwood City, California. He was most recently business-development director for UPS, based in London, UK. Source: Flight ...
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S Koreans discuss link-up
South Korea's four main competing aerospace manufacturers are discussing the formation of a joint-venture organisation to lead and co-ordinate the development of new indigenous projects and participation in larger international collaborative efforts. The new company would bring together Daewoo Heavy Industries, Hyundai, Korean Air and Samsung Aerospace. It ...
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Airmotive acquired
Lufthansa Technik (LHT) has acquired a majority stake in Airmotive Ireland, following intense negotiations on possible technical co-operation between LHT and Airmotive parent Aer Lingus. Airmotive focuses on servicing Pratt & Whitney JT8 and JT9 engines as well as CFM International CFM56s. Its 1996 turnover was $100 million, about a ...
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UK ignores EC warning on BA
The UK Government has brushed aside warnings from the European Commission (EC) that it could be taken to court if it approves the proposed British Airways alliance with American Airlines, without imposing tougher conditions to ensure transatlantic competition. The spat has also exposed more fundamental legal questions over the extent ...
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Government clears way for full Lufthansa privatisation
The German Government has passed a new Bill, proposed by transport minister Matthias Wissmann, aimed at clearing the way for a full privatisation of the national airline Lufthansa. The airline group says that its shares could be available on the stock market this year once the new legislation ...
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Competing powers
"The EC competition commissioner's interest in the BA/AA alliance is curious - the competition department has failed to involve itself in more significant airline competition issues." By seeking to stamp his authority on the proposed alliance between British Airways and American Airlines, the European Commission (EC) competition commissioner, ...
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Building a new India
Hindustan Aeronautics (HAL) boss R N Sharma's announcement at the Aero India '96 show in December that he intended to start negotiations to license-build a 50-seat turboprop, and to buy a stake in a regional-jet programme, raised a few smiles among the Indian press corps. They had heard it all ...