All Strategy news – Page 1062
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News
Continental angers Delta chief executive
Delta Air Lines chief executive Leo Mullin has attacked the "complete misrepresentations" made by Continental Airlines officials on the carrier's failure to reach a merger agreement. Despite three weeks of secret bargaining, Continental eventually snubbed Delta and agreed to forge a strategic alliance with Northwest Airlines. Continental's chief executive ...
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Cash rich KLM buys up Martinair and considers further deals
KLM is to spend part of its growing cash mountain on acquiring the remainder of shares in Dutch charter and cargo carrier Martinair. The flag carrier also says that it is considering other share deals, including buying back the 25% stake still held in the airline by the Dutch Government. ...
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United and Mesa part at Denver
United Airlines is to terminate its codeshare agreement with Mesa Airlines at Denver, Colorado, on 22 April, ending its relationship with US regional Mesa Air Group. The move follows earlier decisions to end agreements under which Mesa subsidiary WestAir Commuter Airlines provides United Express services in California and the ...
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Routes
-Sabena has signed a partnership with French airline AOM covering routes between Brussels and the French cities of Toulon, Nice and Marseille, but extending also to French overseas territories, enabling both airlines to offer more frequencies and co-ordinate schedules. -Japan Airlines (JAL) plans to launch a twice weekly non-stop ...
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Japan-USA aviation pact opens way to codeshares
Ramon Lopez/WASHINGTON DC Andrew Mollet/TOKYO The aviation pact between Japan and the USA is expected to spur additional global airline alliances, with a key provision of the air services agreement allowing for codesharing for the first time in the lucrative Japanese-US market. Under the bilateral aviation pact ...
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Emirates closes on stake in Air Lanka
Emirates has entered detailed talks with the Sri Lankan Government to acquire management control and a 40% equity stake in flag carrier Air Lanka. The Dubai-based carrier was selected from a shortlist of potential international bidders. A Government technical evaluation committee says that Emirates was the only contender to ...
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French Government gets going on Air France privatisation
Julian Moxon/PARIS The privatisation of Air France has officially been launched, with the appointment of the two investment banks which will handle the sale for the French Government. Astake of close to 50%could be sold, including a holding for staff. The USA's Morgan Stanley and France's Crédit Agricole ...
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Moving goalposts
The UK Government's decision to give British Aerospace £123 million ($200 million) launch aid for development work on the wing of the Airbus A340 500/600 airliner may give a much-needed morale boost to the UK aerospace industry, but it may also do little to bolster (and may even harm) the ...
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Investors rap Mesa for SJ30-2 distribution deal
Troubled US regional airline operator Mesa Air Group is coming under fire from investors for its year-old agreement to distribute the Sino Swearingen Aircraft (SSAC)SJ30-2 business jet. Wholly owned subsidiary Four Corners Aviation (FCA), a fixed-base operator located at Mesa's Farmington, New Mexico, headquarters, signed the distributorship agreement in ...
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Alliance Express
Alliance Air has confirmed that it has taken a 49% stake in Air Rwanda, which it will run as Alliance Express. The new airline will start operations on 1 March from Rwandan capital Kigali, using a leased Boeing 737-200. Alliance hopes to establish an African feeder network to support its ...
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Qantas and Virgin compete for Cathay's surplus 747-200s
Paul Lewis/SINGAPORE Cathay Pacific Airways has entered into detailed discussions with Qantas of Australia and Virgin Atlantic Airways to sell its fleet of seven surplus Boeing 747-200 passenger aircraft. Qantas is also being offered an interim development of the proposed 747-400 increased-gross-weight (IGW) variant by Boeing to meet the carrier's ...
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Emirates nears A340 decision
Ian Sheppard/LONDON Emirates Airlines is preparing to make a decision on its long-awaited requirement for ultra-long-range aircraft. The airline signed a letter of intent (LoI) with Airbus for up to A340-500s in November 1997, but has kept the manufacturer waiting because of Boeing's last-minute attempt to meet performance demands ...
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Marketplace
-Egyptair has signed a firm contract with Airbus Industrie for four A340-600s, including two orders and two options. It will introduce the 400-seat, Rolls-Royce Trent 500-powered A340 in 2003. -Southern Air Transport has taken delivery of a Boeing 747-200F, acquired from Northwest Airlines, which is being operated ...
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South African long-haul airline prepares to launch
A new South African airline, Air South Africa, plans to launch services between Johannesburg and London with a Boeing 747 during the third quarter of this year. Although Air SA's licence was approved by Pretoria's Air Services Licensing Council in 1997, the launch has been postponed twice after delays in ...
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Routes
-Northwest Airlines is suspending its three-times-weekly services between Detroit and Seoul, South Korea, from the beginning of February because of the economic downturn in the region.. -Frontier and Mountain Air Express (MAX)will start codesharing on 4 March at Denver International Airport, Colorado. -Canadian Airlines and LanChile will begin an ...
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Workshop
-Pemco Aeroplex has been awarded a maintenance contract by Mesa Airlines to carry out line maintenance, technical support and transit checks in support of Mesa's Bombardier Canadair Regional Jets in operation through Birmingham International Airport, Alabama. -AeroCorp has signed a contract with Continental Airlines to undertake heavy scheduled maintenance of ...
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US airline profits are 'best ever'
The major US airlines ended 1997 with their strongest profits on record, but the celebrations were accompanied by the promise of more turbulence ahead, with the fall-out from Asian economic crisis and the prospect of a renewed round of consolidation closer to home following the Continental/Northwest Airlines tie-up. With only ...
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British Airways is ready to Go with no-frills contender
British Airways is to launch its London Stansted based "no-frills" division under the name Go. The launch is set for early in the second quarter of 1998. Go's chief executive Barbara Cassani denies that the new airline's remit is to eliminate new low-cost entrants such as easyJet, but warns that ...
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Northwest and Continental tie-up raises Alitalia/KLM hopes
Kevin O'Toole/LONDON Julian Moxon/PARIS The tie-up between Northwest and Continental Airlines has been welcomed by European partners Alitalia and KLM, offering the prospect of a global alliance within five years. "The deal opens the door to a much wider co-operation," says Fausto Cereti, chairman of Alitalia, which already ...
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Latin carriers link for A320 deal
Three major Latin American carriers, TAM of Brazil, TACA Group of El Salvador and LanChile, are in final negotiations with Airbus Industrie to place a joint order for up to 130 A320-family aircraft. The deal should be concluded by March. LanChile confirms that it has already signed a letter ...