All Strategy news – Page 1040
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A time for celebration
While 1997 certainly broke all industry records for profitability, there were already dark clouds on the horizon as the effects of the Asian currency crisis began to make themselves felt. There will be worse to come this year as economies in the region continue to slow. So while the ...
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Recipe for reform
Romania's national airline still hopes to attract a western partner, if only the economy would improve. Take one battered old airport, add a few old Russian aircraft, and then throw in years of political instability. Stir with economic collapse, simmer for nine years, and serve with a garnish of ...
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Will Gangwal get BA back?
US Airways' president and chief executive officer, Rakesh Gangwal, is hinting strongly of renewed interest in British Airways as an attractive prospective alliance partner. The US airline has been free to pursue its expansion plans since signing an agreement with its pilots' union last year. According to Gangwal, efforts ...
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US alliances meet silence
A Wall Street analyst is predicting that none of the proposed US domestic airline alliances will be approved by the Department of Transportation because of the unfavourable environment in Washington DC and concerns about competition. Candace Browning, an analyst at Merrill Lynch in New York, points out that the ...
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Winds rise in the east
Following the entry of MetroJet, US Airways' long awaited low cost spinoff, the rapidly growing US east coast market is becoming crowded with competitors. From Florida to Maine the story is the same - the US east coast is booming. Airports are growing capacity; airlines are adding frequencies; new ...
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Deregulation dogfight
The US majors are responding to the Department of Transportation's proposed policy against predatory behaviour by arguing that it will deter them from offering cheaper fares. The irony is obvious. This year is the 20th anniversary of deregulation in the US and the industry should be celebrating two decades ...
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Asia-Pacific
As Asia rocks from the effects of the year-old financial crisis, a new demon is lurking on the horizon in the shape of the year 2000 date change. The big question is whether Asian airlines will fix the millennium bug in time. Estimates of the global cost to make ...
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Europe: few direct answers
Will Europe's aviation industry be ready for the year 2000? The honest answer is that nobody yet knows. To date, companies have largely been preoccupied with their own internal compliance issues, but the wider debate over how the issue will affect the industry as a whole has only just begun. ...
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Brussels has the last word
Europe's privately owned and publicly quoted airlines must be wondering what they have to do to make a dent in the European Commission's stance on state aid. Their jubilation at the European Court of Justice's annulment of the FFr20 billion (US$3.3 billion) aid package to Air France on 25 June ...
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Air Jamaica plan for all-Airbus fleet hit by shortage of aircraft
Graham Warwick/Washington DC Air Jamaica wants to move to an all-Airbus fleet "as soon as possible", to cut costs, but is being stymied by a lack of available aircraft. The Jamaican flag carrier is looking for at least four A320s and one A340, says chief executive Christopher Zacca. ...
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IAI seeks to wrap up FedEx deal with further Airtruck investors
Israel Aircraft Industries' (IAI) Airtruck specialised cargo aircraft has been selected in principle by FedEx to meet its requirement for a Fokker F27 replace- ment. The Israeli company is struggling to meet FedEx's price demands, however, and is seeking additional customers, partners and investors to enable the programme to be ...
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Gill Air closes on Fokker 100 leases for franchise flights
Gill Air is finalising a deal to acquire three Fokker 100s to enable it to launch jet operations on its Air France franchise routes early next year. The UK regional airline, based in Newcastle, has selected the 100-seat Fokker for its jet requirement over the similarly sized British Aerospace ...
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Transaero shake-up may lead to merger
Alexander Velovich/MOSCOW A battle for control at Russian airline Transaero has seen the airline's founder, Alexander Pleshakov, ousted, with Aeroflot Russian International Airlines majority shareholder Boris Berezovsky now believed to be have taken control through a share trading deal. There is now speculation that the two airlines could be ...
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Pan Am Academy investor hunt ends in Boston
Pan Am International Flight Academy (PAIFA) has been acquired by a US investment firm which has agreed to at least double the size of the Miami, Florida-based independent training company over the next three years. PAIFA was purchased by private Spanish investors in 1992 from the estate of defunct ...
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Qantas warns on competition
Paul Phelan/SYDNEY Qantas has warned that increasingly desperate competition from rivals in the region will make it difficult for the Australian airline to sustain the record profits it has just declared for the 1997/8 financial year. Operating profit was up 13.6% on the previous year at US$282 million, ...
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717 sales drought may prompt Air Canada 'walk-away' offer
Guy Norris/LOS ANGELES Boeing is stepping up its sales campaign for the 717-200 in North America and is negotiating possible "walk-away" deals with Air Canada as anxiety grows internally over the lack of new orders for the small twinjet. Boeing declines to comment on specific campaigns, but Air ...
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Braathens purchases Malmö Aviation
Braathens is to purchase Swedish airline Malmö Aviation for around SEK600 million ($74 million). Braathens partner KLM, which has a 30% stake in the Norwegian airline, will also "contribute" a sum believed to be about $20 million. The deal is the latest chapter in the tussle within the region ...
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UAL/Delta pilot talks
Pilots groups representing Delta Air Lines and United Airlines have begun negotiating the issues concerning their two airlines' proposed marketing alliance, which includes a code-share. The pact does not involve a merger, but must be approved by both pilot groups represented by the Air Line Pilots Association since their contracts ...
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SIA seconds pilots
Singapore Airlines will transfer two of its senior Airbus A340 and Boeing 747 management pilots to China Airlines (CAL) for two years, following recent signature of a strategic alliance by the two carriers. Pow Tuk-Kwan will serve as CAL's new vice-president of flight operations and Gui Wee-Kee as special assistant ...
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Flight West launches international services
Australian regional carrier Flight West Airlines will start international services in October with eight weekly flights to Papua New Guinea (PNG) capital Port Moresby. The services, six from Cairns and another two from Townsville, will use a third Fokker F28 Mk4000 acquired by Flight West from Ansett Australia. Its ...