All Strategy news – Page 1050
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News
Ryanair passes go in Europe
Tom Gill With soaring profits, share price and traffic, Europe's largest and longest established low-cost airline may yet achieve its ambition to be the Southwest of Europe. But as it strives to continue its profitable growth path Ryanair can expect to cross swords with the new British Airways ...
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SAA moves key players
Roger Makings Transnet's board of directors decided to oust Zukile Nomvete from his position as executive director of South African Airways on 8 May, following the airline's dismal performance during his two-year stewardship. Sources within SAA predict that Mafika Mkwanazi, deputy managing director of SAA's parent company, Transnet, will ...
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SAA will be sold on
Roger Makings The partial privatisation of South African Airways will go ahead as planned, despite a series of setbacks which threaten to delay the deal. The Minister of Public Enterprises Stella Sigcau under whose department SAA falls, says that although the first deadline has been missed, the 31 October ...
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Taiwan urge to merge
David Knibb Taiwan's skies will be less crowded if recently announced consolidation plans proceed. How far these go, however, will depend on key players which have not yet revealed their intentions. Three air crashes in February claiming 218 lives prompted Taiwan's premier Vincent Siew to call for a new ...
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Bizarre Thai love triangle
David Mann Singapore Airlines, Lufthansa and Qantas are among the latest suitors to be linked with buying a stake in Thai Airways International, as doubts linger over the airline's future membership of the Star Alliance. SIA, due to join Star in the near future, has confirmed its interest in ...
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Time to climb?
Karen Walker From the bottom of the pile, life offers a different perspective. While most US airlines have returned to profitability in the 1990s, the financial haemorrhage at Trans World Airlines has continued. So management was encouraged to note, after announcing 1998's first quarter results, that the words 'beleaguered' ...
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Uganda eyes foreign cash
Tom Gill Uganda Airlines is set to go private, with the sale of a controlling stake slated for mid-year. Six airlines have expressed interest in a yet to be determined majority stake in wholly government-owned Uganda Airlines, according to Michael Opagi, director of the Ugandan government's privatisation unit. The ...
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Latin link-up
Continental Airlines plans to buy a 49% stake in COPA and begin code-sharing with the Panamanian carrier. The deal will require the exclusion of COPA, part of the TACA Group, from the pending American Airlines/ TACA alliance, which would bar group airlines from entering marketing agreements with other carriers. The ...
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Marketplace
-Augsburg Airways has placed orders for six additional Bombardier de Havilland Dash 8s, including two series 200s and four larger series 300s, and taken options on a further seven aircraft. The order represents the ratification and expansion of a deal originally reached in November 1997 for three aircraft. The options ...
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Routes
-Cityjet is to start daily services to Dublin from the UK's East Midlands Airport on 8 June using a Saab 2000. -Continental Airlines and VASP have signed a code-sharing alliance, which will come into effect on 1 July and enable VASP to sell half the seats on Continental's flights between ...
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SR Technics reveals global ambitions
SR Technics, the maintenance subsidiary of Swissair parent SAir Group, is trying to secure joint venture partners in the USA and Asia-Pacific to enable it to offer comprehensive global support to its airline customers. Konrad Wittorf, vice-president of aircraft maintenance and overhaul, says that the company has retained Ernst ...
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US Airways may forge fresh alliance with British Airways
Ramon Lopez/WASHINGTON DC US Airways could forge a new marketing alliance with British Airways as a result of the projected tie-ups by both carriers with American Airlines. The deal would go ahead only under certain conditions, says Stephen Wolf, head of US Airways Group. The prospect of a ...
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Virgin and Go launch London Stansted invasion
Virgin is poised to take over a UK airline, probably Sabre Airways, as its Brussels-based low fare division Virgin Express launches services to London Stansted. The airport could eventually become its UK hub. Meanwhile, British Airways' low fare airline Go has begun to operate at the airport. Speaking at the ...
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New business and investments help to raise Lufthansa Technik profits
Lufthansa maintenance subsidiary Lufthansa Technik (LHT)boosted its profits by 53%during 1997, achieving DM94.1 million ($52.2 million) on sales of DM3.03 billion. According to executive board member George Gallus, the figure is attributable to a huge influx of new business from outside the Lufthansa Group, with 50 new contracts signed ...
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SIA warns of harder times to come as growth creeps up
Paul Lewis/SINGAPORE Singapore Airlines (SIA) has warned of a tougher year ahead in the face of falling passenger loads and anticipated erosion of yields, after announcing only a marginal growth of net profit for the 12 months ending 31 March. The airline turned in a net profit of S$1.03 billion ...
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A319M5 takes on 717 in tussle for Northwest 100-seat deal
Guy Norris/LOS ANGELES Airbus Industrie is pitching its proposed A319M5 head-on against the Boeing 717 in the campaign to sell Northwest Airlines up to 100 of the 100-seaters to replace its McDonnell Douglas DC-9s. The US carrier, which is also planning a 30-seater order, could purchase a total of ...
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Fairchild Dornier launches 728JET
US-German regional aircraft manufacturer Fairchild Dornier scored the show's most significant coup with the launch of its 528/728/928JET family and the confirmation of conditional orders for 165 aircraft. The announcement came alongside the launch of the 42/44-seat 428JETstretched version of the company's 328JET. Apart from confirmation by Lufthansa CityLine ...
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British Aerospace aims Jetstream 32EP at Mexico
British Aerospace Asset Management is trying to persuade Mexican regional Aerolitoral to replace its fleet of 27 owned Fairchild Metros with 15 leased Jetstream 32EPs. The approach follows BAe's first deal with a Mexican carrier - to lease five 19-seat J32EPs, with seven options, to Aerocaribe. Cancun-based Aerocaribe, like ...
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Air China forges US link
Northwest Airlines, Continental Airlines, Alaska Airlines and America West Airlines have formed a strategic alliance with Air China, representing the first deal of its kind entered into by a Chinese carrier. The move ends speculation, for now, of a potential agreement between Northwest and Cathay Pacific and establishes further ...
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BA goes to FLS for maintenance deals
British Airways and its low-cost subsidiary Go have agreed major maintenance contracts with FLS Aerospace. The move comes as BA retrenches its maintenance operation after several years of attempting to turn it into a standalone profit centre. The five-year Go contract is a ground-breaking deal for both sides, with ...