All Strategy news – Page 1024
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News
PAL talks to resume as President steps in
Andrzej Jeziorski/SINGAPORE Philippine Airlines' (PAL) creditors have agreed to resume talks to rework the airline's rehabilitation plan, after overwhelmingly rejecting it in their initial analysis, according to the Philippine Securities and Exchange Commission (SEC). The announcement follows Philippine President Joseph Estrada signing an executive order making the SEC ...
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Government bank plans CAL bid
Andrzej Jeziorski/SINGAPORE The Taiwanese Government-owned China Development Bank (CDB)has declared an interest in buying a 35.5% stake in China Airlines (CAL), days after Singapore Airlines (SIA) dropped its bid. CDB is an investment arm of Taiwan's ruling Nationalist Party and owns about 2% of CAL together with another ...
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Thriving business
Andrew Doyle/TEL AVIV In an era when airline bosses preach the merits of focusing on "core activities", Arkia Israeli Airlines has learned to thrive through diversification. As Israel's largest domestic carrier, Arkia built its international charter unit into a major leisure travel business, selling everything from hotel rooms ...
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Management actions
Graham Warwick/WASHINGTON DC Flight management systems (FMS) are no longer luxury items found only on large airliners, but essential equipment on commercial aircraft of all sizes and ages. The reason is the navigation accuracy now possible and the cost benefits available to airlines in the form of fuel and ...
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Canadian unveils new image
Canadian Airlines has revamped its image with a new name, new uniforms and a new stylised "Canada goose" logo. The Calgary-based carrier has dropped the word "International" from its name in an effort to promote its domestic services, and the new livery features more bare metal so as to more ...
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Ansett to replace 747-300s with -400s
Paul Phelan/CAIRNS The board of Ansett International has endorsed a plan to acquire two Boeing 747-400s as interim replacements for two 747-300s it leases from partner Singapore Airlines (SIA). The decision removes any near term plans to acquire smaller twinjets. The airline operates the 747-300s between Australia and ...
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Routes
Taiwan's EVA Airways has dropped its seven-month-old Kaohsiung-Los Angeles service because of low demand. The decision marks an end to EVA's ambitions to make the southern Taiwanese port of Kaohsiung its second international hub. -South African Airways is increasing its Hong Kong to Johannesburg non-stop service to three weekly ...
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SIA abandons plan to buy stake in China Airlines
Andrzej Jeziorski/SINGAPORE Singapore Airlines (SIA) has abandoned plans to buy a stake in Taiwan-based China Airlines (CAL), ending proposals for a strategic tie-up, including codesharing, frequent flyer links and lounge sharing. In August 1998, SIA announced a memorandum of understanding with CAL, covering a wide-ranging alliance, with SIA ...
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JAL shareholder calls for senior management resignations
Andrzej Jeziorski/SINGAPORE The biggest single shareholder in Japan Airlines (JAL) has called for top management resignations following the airline's drop in profit and turnover in recent years. Eitaro Itoyama who owns about 4% of the airline, has demanded that the company's board of directors and president Isao Kaneko ...
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Niche accidents
David Learmount/LONDON Despite a worldwide campaign to reduce it, controlled flight into terrain (CFIT) increased in 1998 for the second year running, both among jet and non-jet flights, confirming the reversal of a previously favourable trend. There were five jet CFIT accidents and eight involving propeller-driven commercial aircraft. This ...
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Ex-Cathay executives try to save PAL
Andrzej Jeziorski/SINGAPORE Four senior executives at Cathay Pacific Airways have quit to form a new management consultancy that will try to save struggling Philippine Airlines from collapse. The executives are Peter Foster, formerly Cathay's general manager for Taiwan and the Philippines, who will become chief company adviser; Michael ...
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Avant Airlines links with Continental for international feed
Avant Airlines of Chile has signed a marketing alliance with Continental Airlines in an effort to expand its international traffic feed and further strengthen its position as the country's second largest carrier. The two carriers plan to begin joint marketing activities and codeshare services early in the new year ...
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Continental Express aims for all-ERJ fleet within five years
Paul Lewis/SAO JOSE DOS CAMPOS Continental Express is committed to replacing its entire fleet of 98 turboprop aircraft with new Embraer ERJ-135/145 jets within five years, but has ruled out a near-term requirement for a larger 70-seat regional transport. The Continental Airlines subsidiary has ordered 75 ERJ-145s and ...
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SIA forges alliance with Air Canada
Singapore Airlines (SIA) has signed a memorandum of understanding (MoU) with Air Canada to form a strategic partnership, possibly bringing SIA closer to Star Alliance membership. SIA has been named by Lufthansa as being likely to join Star in 1999, alongside Air Canada, Lufthansa, SAS, United Airlines, Varig and ...
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Crossair predicts big profit for 1998 but warns on ATC delays
Andrew Doyle/MUNICH Swiss carrier Crossair is forecasting bumper results for 1998 on the back of a 26% surge in scheduled passenger traffic. But the SAirGroup regional subsidiary complains that European air traffic control (ATC) delays reached their worst ever level last year - a situation it describes as ...
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Jet airliner sales flat for the third year, but shipments are up
Jet airliner sales recorded a third consecutive flat year in 1998, with Airbus Industrie and Boeing together taking 1,100 orders worth $75 billion. Shipments have continued to increase, with the 780 aircraft delivered representing a 40% increase on 1997. Provisional figures compiled by Flight International show orders split roughly ...
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OUTLOOK FOR 1999
Flight International explores what's in store for 1999 Global airline alliance advance or mayhem? European aerospace and defence: super-merger mania or impasse? Take-off or stall for the super-jumbo? China's promise of a race into space A new era for defence and business aviation ...
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Rivals act on SAA's domestic fares
South Africa's three independent airlines, BA-Comair, Sun Air and Nationwide, have lodged an urgent complaint to the Competition Board claiming South African Airways is charging fares that are "below cost and therefore constitute predatory behaviour on the part of the dominant carrier". The board's chief director support ...
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Changes at Aerolineas
American Airlines' purchase of an 8.5% stake in Aerolineas Argentinas has started the Argentinian carrier on a major restructuring. Promptly after the $25 million purchase closed, Aerolineas ordered 12 Airbus A340s as the first step of its new business plan to refleet and expand. Delayed for months by regulatory ...
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News in brief
Northwest buys stake - Northwest Airlines has completed its purchase of a 14% stake in Continental Airlines. The two airlines have begun codesharing and have started a reciprocal frequent flier programme. Ultimately, they plan to codeshare on 850 US and international flights, although each international codeshare requires government approval. In ...