All Strategy news – Page 990
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Facing the markets
TOM GILL CASABLANCA Moroccan flag carrier Royal Air Maroc is preparing for privatisation and hopes to join Air France's global alliance. But it has not escaped the market turmoil hitting the rest of the industry. "When you make a lot of profit it is a bit worrying. You say ...
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Asia stays cautious despite signs of recovery
The latest round of financial results from Asia's airlines show how far the bulk of the region has come over the past year. But faced with continuing depressed yields in many markets, executives across the region feel compelled to warn that a full recovery is still a distant prospect. Carriers ...
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New contenders join the contest in Peru
DAVID KNIBB SEATTLE Substitute LanChile and Grupo TACA for Cintra and Delta Air Lines and a new chapter opens in Peruvian aviation. LanPeru and TACA Peru, backed by their main patrons LanChile and Grupo TACA, have replaced the fallen AeroPeru that was owned by Mexico's Cintra and Delta. Meanwhile, a ...
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Alitalia plans strategy amid growing competition
Alitalia has announced an upbeat two-year strategic plan, but in the short term it could be in for a bumpy ride. The Italian carrier forecasts a drop in net consolidated profit from 1998's L408 billion ($223 million)to L202 billion this year, blaming declining domestic yields and a rise in ...
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Iberia faces attack as shares go on sale
BARRY CROSS LONDON Iberia's initial public offering is finally going ahead on 22 November, following the resolution of a dispute between 9% shareholder British Airways and major company shareholder Caja Madrid over voting rights. A 53% stake held in the flag carrier by state holding company SEPI will be floated. ...
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Forced marriages
PETER CONWAY LONDON The big three global alliances have produced few cargo synergies so far. Will they ever? Cargo departments could be forgiven for feeling a little excluded amid all the clamour surrounding global alliances. While vast amounts of management time have been focussed on cementing the right strategic relationships ...
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Expanded horizons
NICHOLAS IONIDES SINGAPORE Singapore Airlines emerged relatively unscathed from Asia's economic turmoil. Now the group's executive team, led by Dr Cheong, aim to ensure that growth gets back on track, with alliances which will increase the carrier's reach around the world. The executive team at Singapore Airlines (SIA) would seem ...
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Reworking the model
KEVIN O'TOOLE A new alliance study carried out by Gemini Consulting, in collaboration with Airline Business, suggests that global groupings may have to adopt more than one model for their relationships. The last time that the airline industry indulged in a bout of alliance-forming at the start of the 1990s, ...
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Births, deaths and marriages
Sifting the sands of global alliance networks is quickly becoming an art. Over the next year to 18 months this skill will be tested to the limits as exposed "independent" carriers seek shelter in global alliances. These are interesting times for alliance watchers everywhere. Swissair's long-running Atlantic Excellence alliance ...
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Destination unknown
Replacing its current fleet could be the least complicated issue facing Canadian Regional Airlines as an airline takeover battle looms Paul Seidenman/CALGARY As Air Canada and Canadian Airlines (CAI) face up to each other in what is becoming one of the hardest-fought airline takeover battles in recent years, shock waves ...
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Star leaders seek to repel hostile bid for Air Canada
Paul Lewis/WASHINGTON DC Star Alliance leaders Lufthansa and United Airlines have sought to fend off a hostile bid for partner Air Canada by bankrolling a C$892 ($597 million) counter-offer. Though the deal would also see Canadian Airlines taken over by the flag carrier, the smaller airline would remain a separate ...
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Schreiner Group snaps up Air Holland
Dutch aviation company Schreiner Group has agreed to buy Amsterdam-based charter carrier Air Holland. The airline operates two Boeing 737-300s and four 757-200s. It is attractive because of its slot holdings at crowded Schiphol Airport, although the Schreiner deal should allow it to continue operations. Meanwhile, French regional ...
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Polish LOT goes to highest bidder
SAirGroup has won the battle to take a large minority stake in state owned Polish flag-carrier LOT, dealing a blow to rival bidders British Airways and Lufthansa. SAir is to buy 37.6% of LOT, partially filling the void in eastern Europe caused by the departure of Austrian Airlines from the ...
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Kenya Airways weighs options for long-haul aircraft renewal
Jens Flottau/NAIROBI Kenya Airways is preparing to undertake a long-haul fleet-renewal programme. The carrier has issued requests for proposals to Airbus and Boeing and to leasing companies. A decision on the new long-haul fleet could be made as early as January. Although the airline's new chairman Richard Nyaga ...
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Delta learns crash lessons with mask deal
Delta Air Lines is to equip all its aircraft with full-face cockpit oxygen masks from BE Aerospace. The move follows a number of fatal fires and comes ahead of an anticipated Federal Aviation Administration ruling on their use. The airline plans to fit the system to all 600 ...
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Helios charters rise in Cyprus
Backed by Cypriot and Swiss investors, a new privately owned charter carrier serving the leisure market will start operations from Larnaca, southern Cyprus, next June. Already licensed by Cyprus, the carrier, Helios Airways, will launch services with a single 170-seat Boeing 737-400 leased from GE Capital Aviation Services. By ...
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Airbus sales irk US Congressman
America West Airlines has confirmed a deal for up to 77 Airbus Industrie A320 series aircraft. The move follows a Frontier Airlines letter of intent (LoI) for another 20 jets, rekindling US political criticism of the European manufacturer's growing success in the US market at Boeing's expense. Phoenix-based America ...
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Continental boss hits out at Airbus A340/ETOPS campaign
Continental Airlines chief executive Gordon Bethune has hit out at Airbus Industrie over its advertising campaign promoting the safety of four-engined aircraft versus twins on Pacific routes. In a letter to Airbus managing director Noel Forgeard, Bethune accuses Airbus of exploiting "the unfounded fears of the travelling public on ...
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British Midland gets ready for Star sign
British Midland (BM) is poised to sign to with Star Alliance after agreeing to a two-week period of exclusive negotiations with Lufthansa. BM has been veering towards one global grouping after another for months. BM says its "proposed agreement" with Lufthansa would see the German major acquire a 20% ...
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SAA targets Nigeria for sub-Saharan alliance
Hilka Birns/CAPE TOWN South African Airways (SAA) aims to become the guiding force in an alliance of sub-Saharan airlines, as it negotiates to acquire a major shareholding in Nigeria Airways. The moves come as the South African carrier prepares to relaunch a competition to upgrade its short- and long-haul ...