All Strategy news – Page 1027
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News
Swiss World seeks protection from bankruptcy
Swiss World Airways (SWA) suspended operations on 2 December after suffering consistently poor load factors on its single route between Geneva and New York Newark. The airline has informed the Swiss Federal Office for Civil Aviation (OFAC) that it is seeking Chapter 11-style bankruptcy protection through the courts and ...
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Frontier share purchase makes Vanguard tie-up a possibility
The main shareholders of Kansas City-based Vanguard Airlines have taken an 8% shareholding in Denver-based Frontier Airlines and hinted about a possible combination of the two regional US airlines. The investors, headed by William Hambrecht, say that it is desirable for Frontier to explore various relationships with Vanguard or ...
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'It's a sad ending', says Mesa as it settles all WestAir claims
Ramon Lopez/WASHINGTON DC Mesa Air Group has settled all claims by aircraft and equipment lessors against Mesa's defunct WestAir subsidiary for about $15 million. WestAir had operated United Express service for United Airlines until the partnership was dissolved on 31 May, making 43 leased aircraft idle. Jonathan Ornstein, ...
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Government saves Air Namibia
Hilka Birns/CAPE TOWN The Namibian Government has injected N$20-million ($3.7 million) into Air Namibia and has appointed a Malaysian financier to restructure, and re-capitalise the troubled national carrier as a state-owned company. The move takes the airline out of the control of state holding company TransNamib, which has ...
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The precision approach
David Learmount/CAPE TOWN Learning only from serious accidents and incidents is a flawed way of advancing flight safety. It took until the 1990s to create a system which is more effective and workable, and until now to persuade most of the world's regions to consider adopting it. The system ...
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Swissair reveals Express brand
Swissair is introducing an Express brand to coincide with the launch on 5 November of wet-lease services by Debonair of the UK on behalf of the Swiss flag carrier and Italian independent airline Air One. Debonair will operate one of its British Aerospace 146-200s, painted in Swissair Express colours, ...
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Developing crisis
It is a nightmare scenario for any company. Immense production problems are overcome at huge expense, just in time for the market to collapse. For Boeing, the timing could hardly be worse. As quickly as the company's production recovery takes effect, the deepening impact of the Asian economic crisis starts ...
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Aer Lingus will sign up strategic partner 'by the first half 2000'
Max Kingsley-Jones/LONDON Aer Lingus should be ready to decide on its strategic partner by the end of the first quarter of 1999, enabling a firm agreement to be finalised during 2000. The airline's executive vice-president for Europe, Richard Luchente, says that the carrier is discussing a strategic partner ...
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Air France plans US link to pave the way toward a global alliance
Julian Moxon/PARIS Air France expects to join a global airline alliance based on an agreement with one of its two US partners, "before the end of 1999", according to the airline's president Jean Cyril Spinetta. The signing of the co-operation pact between KLM and Alitalia on 27 November ...
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GPA sale
Air Canada has sold its remaining 10.2% interest in leasing company GPA. The bulk of the shares have been acquired by a Texas Pacific Group subsidiary, although other shareholders have also purchased shares. Air Canada will realise an after-tax gain of C$18 million ($11.7 million) on the sale. Although the ...
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MD-90 delivery kicks off Aserca's fleet renewal
Aserca Airlines has begun its fleet renewal programme with the delivery of a new Boeing MD-90 and is now finalising plans for additional aircraft. The Venezuelan airline has taken the aircraft on lease from Taiwanese leasing company Hwa-Hsia Leasing, via Caribbean airline Air Aruba, which has also just introduced ...
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BA's CityFlyer buy bolsters Gatwick hub
Max Kingsley-Jones/LONDON CityFlyer Express says that no significant changes will result from the £75 million ($124 million) take-over by its franchise partner, British Airways. The London Gatwick based regional airline has a conditional agreement with BA to purchase the entire company. The deal is subject to formal approval ...
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Marketplace
-Bombardier has confirmed the BWIA International Airways order for two new Dash 8Q-300s for delivery in mid-January 1999, plus options on another two. -Icelandair has converted two of its five options for Rolls-Royce RB211-powered Boeing 757-200s, for delivery in 2000 and 2003. -Danish charter airline Sterling European Airlines will ...
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Northwest eyes regional jets
Ramon Lopez/WASHINGTON DC Northwest Airlines is expected to decide early next year whether to equip its Memphis, Tennessee-based Northwest Airlink subsidiary, Express Airlines I, with regional jets, according to industry sources. The matter was discussed at the US major's recent board meeting, but a decision was put off ...
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Lawsuit fails to stop Northwest purchase of Continental stock
Northwest Airlines has completed its $311 million purchase of 51% of Continental Airlines' voting stock owned by David Bonderman's Air Partners investment house, despite anti-trust objections from the US Justice Department. The transaction will lead to a so-called "virtual merger" of the airlines, linking route networks through codesharing and ...
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Alitalia and KLM sign unity
Julian Moxon/AMSTERDAM KLM and Alitalia signed a far reaching "master cooperation agreement" on 27 November, which, although it stops short of equity exchange, commits the two airlines to "uniting as deeply as possible". Alitalia managing director Domenico Cempella warns, however, that the airline, which is still majority government-owned ...
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PAL/Northwest talks cast doubt on Cathay bail-out
Andrzej Jeziorski/MANILA Philippine Airlines (PAL) has thrown into question Cathay Pacific's attempts to acquire a controlling stake in the debt-ridden carrier, by restarting talks with Northwest Airlines. Northwest has previously shown interest in PAL, as has Singapore Airlines, but talks with all other interested parties had been suspended ...
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Airports Gearing up to grow
An unprecedented enthusiasm for commercialisation is sweeping the world's airports. Old public service concepts are out. The new creed is cost containment, private finance, aggressive marketing and even acquisition strategies. But before the airline customers start to celebrate, there are potential penalties as well as gains from this latest trend. ...
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Internet pursuit heats up
Two US airlines - Northwest Airlines and Continental Airlines - have brought fresh attention on the Internet as an inexpensive marketing tool by establishing two-tier pricing structures for their heavily discounted Internet air fares. Northwest has been giving travellers a $20 discount if they buy special fares - posted ...
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ROUTES
Aloha flights - Canadian Airlines, in partnership with Air Pacific of Fiji, will begin a three-times weekly service from 7 December between Auckland and Honolulu that will dovetail with Canadian's daily Toronto-Honolulu and Vancouver-Honolulu services. Nonstop Mardi Gras - Air Canada has begun a daily nonstop service between Toronto ...