All Strategy news – Page 1023
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News
End of an era
After the demise of the Japanese leveraged lease, the markets for tax based aircraft leasing are being shut down one by one. What other sources of funding will replace tax leasing and will they be as cost effective? All good things must come to an end and that time ...
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Building shareholder value
Shareholders have not always had a good deal from their airline investments. Michael Deimler and James Whitehurst of the Boston Consulting Group in Atlanta, Georgia, outline new approaches to help management put investor values first. For shareholders with a long term perspective, airlines have historically been a high risk, low ...
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Little hope of early US-UK open skies
A sceptical but curious US delegation is preparing once again to sit down with UK aviation representatives in mid-February for informal talks on open skies, although the mood in Washington is pessimistic. While the USA now has more than 30 open skies agreements in place around the world, a ...
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A final flurry of orders
Despite the gathering gloom, 1998 turned out to be another bonanza year for jet airliner sales. As the year-end totals rolled in, it became clear that Airbus and Boeing had managed to net the second largest bag of orders on record. That may raise few cheers from an airline industry ...
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Euro: business as usual
Following the introduction of Europe's new currency, the question being asked in the travel industry circles is what impact the euro will have on prices. There are immediate benefits of the euro, such as the elimination of exchange rate risk, but what about fares? Travel agents, tour operators and ...
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ROUTES
Chicago service - All Nippon Airways is to launch Tokyo-Chicago services on 13 April. The daily non-stop service will be run with Boeing 747-400s, seating 319. It will be the sixth US destination for ANA, after New York, Los Angeles, San Francisco, Washington DC and Honolulu. Round the world ...
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News in brief
Mood not so good - It will be "another good year for the US airline industry", according to Moody's credit ratings agency, but growth in Europe and the USA will be slower and profits lower than last year. Asia still faces "a difficult environment", except China. EVA's early recovery ...
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PC-12 heads for US commercial history
Ramon Lopez/WASHINGTON DC Start-up US regional carrier Community Air hopes to begin scheduled passenger services in April, with the single-engined 10-seat Pilatus PC-12. The small carrier is the first to exploit recent US Federal Aviation Administration legislation that allows the carriage of fare-paying passengers in single engined aircraft under ...
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COPA completes deal for 12 new Boeing 737-700s
COPA has finalised a deal to acquire 12 new Boeing 737-700s through order and operating leases. The carrier will re-equip its fleet completely and expand services to Central and South America. The privately owned Panamanian carrier has ordered eight 737s from Boeing and will lease a further four aircraft, ...
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Croatia Airlines nears alliance
Andrew Doyle/ZAGREB Croatia Airlines is finalising a strategic tie-up with a major European flag carrier as the next stage in its plans to establish Zagreb as a regional hub for destinations in the former Yugoslavia. The move comes hard on the heels of the acquisition by the Croatian ...
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Eurocontrol firms up separation plans in bid to beat congestion
Andrew Doyle/DUBROVNIK Proposals for a major shake-up of Europe's congested airspace, aimed at securing extra capacity, will be considered by Eurocontrol in April. If approved, the programme will commit 38 countries to work together to introduce reduced vertical separation minima (RVSM) between flight levels 290 and 410 simultaneously ...
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JAL realigns to face aggressive market
Andrzej Jeziorski/SINGAPORE Japan Airlines (JAL) is expanding its international services and delegating more regional routes to its low cost subsidiaries as it braces itself against increased competition at home and abroad. The carrier says the major catalysts for intensified competition are the emergence of new domestic Japanese carriers ...
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Philippine Airlines struggles to avoid repossession of fleet
Philippine Airlines' (PAL) newly contracted management consultancy, Regent Star Services, is calling for urgent action to avoid the repossession of the airline's fleet by frustrated creditors. Chief advisor Peter Foster says in a memo to PAL staff: "By the end of January, we must have cash to make a ...
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SAA courts Asian partnerships
South African Airways (SAA) is pursuing a new northern Asian partnership after restructuring its South-East Asian routes through extended codeshares with allies Singapore Airlines (SIA), Thai Airways International and Japan Airlines (JAL). An announcement is expected soon, but SAA will only say that it is talking to several airlines, ...
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Sirocco re-evaluates strategy
Andrew Doyle/MUNICH Sirocco Aerospace and Lufthansa Technik have frozen plans to establish a worldwide support network for the Tupolev Tu-204-120, in the face of the Russian economic crisis. Meanwhile, the German company's sister business, Lufthansa Cargo, confirms that it has decided not to acquire the freighter version of ...
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Sun rises for Northwest low-fare rival in Minneapolis
Sun Country Airlines, the USA's second largest passenger charter carrier, plans to become a low fare scheduled airline in June. The move by the Minneapolis/St Paul-based airline will be a thorn in the side of incumbent rival Northwest Airlines. The airport is Northwest's most important hub, and the US ...
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Rule change
Paul Lewis/WASHINGTON DC The aero engine service business has undergone a fundamental overhaul since 1995, when manufacturers began to recognise the untapped potential of the aftersales market to boost revenue. Airlines, struggling to cut costs, have been moving meanwhile to spin off their engineering divisions or to exit the ...
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Telephone approval
AirCell has received a waiver of approval from the US Federal Communications Commission, allowing operation of its airborne telephone system, which connects with ground-based cellular networks. The system is targeted at general aviation and airline markets by the Louisville, Colorado-based company. Source: Flight International
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Marketplace
-US passenger/cargo charter airline Omni Air International has taken delivery of a McDonnell Douglas (MDC) DC-10-30 from Lufthansa, which is operated by charter subsidiary Condor. The aircraft will join Omni's fleet of two DC-10-10s and one -30, and a second ex-Condor DC-10-30 will arrive in June. -Boeing won orders from ...
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JAL forms new links with oneworld partners
Andrzej Jeziorski/SINGAPORE Paul Lewis/WASHINGTON DC Japan Airlines (JAL) has entered into a new partnership with British Airways and is deepening its ties with American Airlines in a move bringing it a step nearer to possible future membership of the oneworld alliance. JAL remains coy about its membership ambitions, ...