All Strategy news – Page 1173
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News
AMR Eagle
Ralph Richardi has been named president of AMR Eagle carrier Simmons Airlines, in Dallas/Fort Worth, Texas and David Kennedy becomes president of Flagship Airlines, of Nashville, Tennessee. Richardi, most recently vice-president at Dallas/Fort Worth for American Airlines, succeeds Peter Piper. Kennedy, previously vice-president of field services at American, succeeds John ...
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BA World Cargo switches freight plans
BRITISH AIRWAYS has ditched earlier plans for the phased development of a new London Heathrow cargo hub, instead unveiling plans to spend £150 million on developing a new highly automated hub. The centre is due to open in 1998 with a capacity to handle around 800,000t of cargo ...
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SIA and Tata to defy critics inside India
Paul Lewis/SINGAPORE SINGAPORE AIRLINES (SIA) and Tata Industries are confident that their proposed joint venture to set up an Indian domestic carrier will go ahead, despite local political and airline opposition. The planned SIA-Tata partnership has been attacked by Pramod Mahajan, general secretary of India's main ...
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Crossair seeks cash for RJ100s
SWISS REGIONAL Crossair is to help finance its purchase of 12 Avro RJ100 regional jets with a new offering of shares. Swissair has signalled its intention to take part in the issue, raising its stake in the carrier to a two-thirds holding. Crossair commercial vice-president Thomas Hoffman says ...
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CSA optimistic on profit prediction
Andrzej Jeziorski/PRAGUE CZECH AIRLINES (CSA), which had to be bailed out by its state owner in 1994, is forecasting that it should be back in profit by 1997. The airline believes that it is back on course for recovery after cutting net losses by around CKr1 ...
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Air India pessimistic on 1996 results
Veena Singh/BOMBAY AIR INDIA EXPECTS to post a loss for the coming financial year after only narrowly staying in the black for 1994/5, according to bleak predictions from the airline's board. An initial estimate of the airline's performance for the year to the end of March ...
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ARIA Shannon hub delayed by New York negotiations
Paul Duffy/SHANNON THE LAUNCH OF the Aeroflot Russian International Airlines (ARIA) hub at Shannon, Ireland, has been delayed by negotiations with the Port of New York over slots at Kennedy International airport. The required slots have now been obtained, but operations will not begin until 26 ...
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Israel defers El Al sell-off
THE ISRAELI Government has postponed the planned flotation of El Al for six months because of the crisis facing the Tel Aviv stock market. Valuations being put on the national carrier have failed to meet Government expectations. If the market fails to improve, the Government is expected to ...
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Struggling TWA details 1994 loss
TRANS WORLD Airways (TWA) has revealed that it ended 1994 with losses of $436 million, although the struggling airline takes some comfort from an improvement in its unit costs and a reduced operating loss. Unit costs fell by more than 2%, because of early returns from a new ...
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ANZ poised to take stake in Ansett
Air New Zealand (ANZ) is expected to make a direct entry in to the Australian domestic market by taking a stake in the Ansett group. Ken Cowley, chief executive of News Corporation, which jointly owns Ansett, is due to meet Australian Prime Minister Paul Keating to discuss the ...
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European airports caution on passenger growth
EUROPE'S CONGESTED airports managed to overcome capacity constraints to post an 8% rise in passenger traffic during 1994, but the region's leading hubs at London and Paris warn that growth cannot be maintained without new infrastructure investments. Although passenger growth within Europe was close to the world average, ...
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Airbus spells out maths behind NLA
AIRBUS INDUSTRIE'S forecast of substantial demand for a new large aircraft (NLA) with more than 600 seats is based on an internal study showing a high concentration of sales to a handful of operators. The predictions, which were not released in Airbus' Global Market Forecast (Flight International, 29 ...
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Boeing notches 737 orders with another due shortly
BOEING HAS won orders for a further 14 737-700s and is virtually assured of at least another six commitments for the new 737 family. German charter operator Germania Fluggesellschaft has ordered 12 aircraft, worth about $512 million, and Bavaria Fluggesellschaft has confirmed an order for two more, which ...
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Keeping track
The Traxon cargo automation system is now well established, but some significant technical and political obstacles remain. Mark Lyon reports. Air cargo doesn't achieve its potential for most airlines. Industry critics want carriers to work more closely with air freight forwarders so these two partners ...
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Appointments
Gaston Hébert has been named president of de Havilland, replacing Ken Laver. John Horne has been appointed airport director for London/City airport. Rick Ellis has been appointed chief executive of Ansett New Zealand. He replaces Craig Wallace, who has taken a senior position with Ansett Australia. ...
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Suppliers
PROS Strategic Solutions has installed its bid price based origin-destination revenue management system at Continental Airlines. BehavHeuristic yield management system has been installed at Icelandair. FLS Aerospace has won a five year contract from Irish independent Ryanair to provide heavy maintenance for 11 Boeing 737-200s. The ...
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Malev reshuffle
A political reshuffle has lead to the ousting of Malev's managing director Andras Pakay. At press time, a replacement had not been announced, but former minister of transport Andras Derzsi has been appointed as the new president and chairman of the board. Alitalia is understood to have opposed Pakay's departure ...
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Sunny prospects
The future of the European charter industry looks bright despite increased threats from liberalisation and low-cost scheduled competition. Paul Holubowicz reports on the sector's considerable strengths.The imminent demise of the European charter sector has been regularly predicted since the 1970s, when 'charter' was often considered to be synonymous with a ...
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A gift for niches
With its gradual privatisation and firm focus on being a successful niche carrier, Finnair sees only benefits in Finland's entry into the European Union. Sara Guild visits Helsinki. The special gifts that might be expected to come with being the official carrier for Santa Claus since the 1980s have ...
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The ratings trap
Low ratings from the two dominant financial rating agencies - Moody's and Standard & Poor's - have deprived many carriers of access to unsecured debt and increased the cost of other financings. Mead Jennings reports. Pity the poor airline treasurer. Amidst the uncertainty of the volatile airline industry, ...