All Strategy news – Page 1045
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News
American given all-clear to acquire stake in Aerolineas
Ramon Lopez/WASHINGTON DC American Airlines has been cleared by the US Department of Justice (DoJ) to acquire an 8.5% stake in Aerolineas Argentinas and its regional affiliate Austral Lineas Aereas - but the US carrier will have to limit its role because of anti-trust concerns. Under the terms ...
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Aer Lingus renews hunt for an alliance as Team sale nears
Kevin O'Toole/LONDON With the sale of its loss-making maintenance arm now back on course, Irish flag carrier Aer Lingus is preparing to reactivate its search for a strategic alliance partner and could be heading for a partial privatisation. The airline's state owners asked Aer Lingus management to submit ...
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Quicksilver machine
Guy Norris/DALLAS-FORT WORTHWithin the next five years, the combined fleets of American Airlines and its regional affiliate, American Eagle, will number almost 1,000, of which the vast majority will be jet powered. Managing these huge fleets, and restructuring them to meet the changing needs of the 21st century, has become ...
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BA ponders engine switch for big new 777 acquisition
British Airways is considering buying 20 more Boeing 777s in a $2 billion deal that could see it switch engine suppliers. The carrier selected the General Electric GE90 engine for its current fleet of 777-200s, having rejected an offer from traditional supplier Rolls-Royce, but it is now seeking bids ...
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EC allows American/BA alliance in exchange for Heathrow slots
Carriers on both sides of the Atlantic are stressing that there is still all to play for despite the European Commission's long-awaited ruling on the British Airways and Lufthansa transatlantic alliances. Major USairlines are already gearing up to lobby the USDepartment of Transportation to increase access to London Heathrow, while ...
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Huge UPS contract provides A300-600 lifeline for Airbus
Max Kingsley-Jones/LONDON UPS Airlines has chosen the Airbus A300-600 for its long-awaited widebody regional freighter requirement, with a deal for up to 100 aircraft, including 40 new build examples. The deal, which was won over a several bidders, including Boeing, provides a vital boost to the flagging A300 ...
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Pratt & Whitney begins UMC acquisition talks
Pratt & Whitney has opened negotiations to purchase Indonesia's Universal Maintenance Centre (UMC) from IPTN to complement its joint venture with Singapore Airlines (SIA) and join the US manufacturer's planned global engine overhaul and maintenance network. Cash-strapped IPTN is looking to sell its Bandung-based subsidiary as part of a ...
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Dragonair forges independence
Paul Lewis/SINGAPORE Dragonair has taken a further step towards independence from Cathay Pacific Airways with the purchase of an Airbus A320 full flight simulator from CAE Electronics. The Hong Kong-based airline, which has also taken an option with CAE for an Airbus A330 simulator, will open its own ...
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Western Michigan University jets ahead with plans to acquire 737-400 simulator
Western Michigan University plans to acquire a Boeing 737-400 flight simulator and to offer a jet orientation course as part of its ab initio airline pilot training programme. Based at Battle Creek, Michigan, the University's International Pilot Training Center is training cadets for Aer Lingus and British Airways. Eight ...
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Alitalia profits grow
Alitalia's dramatic recovery continues, with early returns suggesting that group pre-tax profits are on course for L200 billion ($110 million), against little more than break-even a year ago. The results, which are ahead of analyst expectations, show a 6% growth in airline sales and a near doubling of operating margins. ...
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Debonair seeks tie-ups
Kevin O'Toole/ROME Debonair chairman Franco Mancassola is attempting to pull together a coalition of smaller European airlines to share frequent flier programmes (FFPs) and is hoping to move towards closer links on marketing and maintenance with some. Mancassola says that around 18 airline executives have agreed to meet ...
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Italian charmer
Kevin O'Toole/ROME There was no stinting as Debonair travelled to Rome to celebrate its second year of operations. Franco Mancassola, the flamboyant chairman and founder of the UK low cost airline, was on excellent form in his native Italy, with a classic stream of good stories, outlandish metaphors and ...
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ATR begins Cuban revolution
Andrzej Jeziorski/HAVANA European regional aircraft manufacturer ATR has begun delivering aircraft to Cuban carriers, marking the start of a massive fleet renewal programme in response to Cuba's tourist boom. On 24 June, the Franco-Italian consortium signed a contract with the state-run holding Corporacion de la Aviation Cubana (CACSA) ...
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Russia decides on import tariffs for aircraft
The Russian Government is reported to have cemented proposals for tighter rules over tax exemptions for airliner imports. The final wording represents a compromise formula under which a Russian airline can claim exemption, provided it spends three times more on domestic-built aircraft than it would save on the tax discount. ...
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BA delays narrowbody decision
Guy Norris/LOS ANGELES British Airways has delayed a decision on whether to choose Airbus Industrie or Boeing to supply its new short haul fleet after a last-minute revision of the US manufacturer's bid appeared to stave off an imminent move towards the European consortium. An evaluation team was ...
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P&W links with SIA for engine overhaul venture
Pratt & Whitney has finalised an agreement with Singapore Airlines (SIA) to establish a new engine repair and overhaul joint venture, in what is the latest in a series of after sales support investments in Asia by competing powerplant manufacturers. Eagle Services ASIA will be 51% owned by PW ...
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Air 2000 makes LIA fleet merger first priority
Air 2000 is aiming to integrate its recent acquisition, Leisure International Airways (LIA), by the beginning of its summer 1999 flying programme. It will then look at long-term fleet plans. The merger of the two UK charter airlines under the Air 2000 identity follows the recent purchase by Air ...
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KLM accounts hint at the true worth of BA slots at Heathrow
Kevin O'Toole/LONDON A rare insight into the value of slots at London Heathrow has emerged from a line in the latest KLM accounts which gives details of a deal with British Airways that appears to put a price tag of up to $3 million on each landing and take-off ...
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BA and Cathay Pacific near alliance agreement
Paul Lewis/HONG KONG Cathay Pacific Airways is close to finalising a wide-ranging alliance with British Airways, which could extend to the UK company acquiring an equity stake in the Hong Kong carrier. The airlines are also believed to be talking about swapping aircraft. According to industry sources, discussions ...
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JAL aims to speed cost cuts with new express subsidiary
Paul Lewis/SINGAPORE Japan Airlines (JAL) has launched its new low cost subsidiary, JAL Express (JEX), in an effort to counter the country's crippling high labour costs and in response to the impending entry into the domestic airline market of the first of several planned start-ups. JEX launched its ...