All Strategy news – Page 1063
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News
Wexford agrees to acquire US regional
US Airways Express carrier Chautauqua Airlines is to be acquired by US investment firm Wexford Aviation, which plans to place some of its recently ordered Embraer RJ-135 and RJ-145 regional jets with the Indianapolis-based airline. Greenwich, Connecticut-based Wexford has agreed to acquire 100% of privately held Chautauqua, which had ...
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Do not pass 'go'
So British Airways' no-frills start-up is "Go"; but will it - and what sort of response will it attract from powerful European competitors like Lufthansa? Even more important, from where will the passengers come to make these no-frills airlines work? The justification for an existing airline to launch a ...
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Rwanda rosette
Alliance Air has taken over Air Rwanda's operations and will start services to Kigali on 1 March. The new airline, to be called Alliance Express, will offer a regional network, taking in Uganda, Tanzania and Rwanda, and dovetailing into Alliance Air's international services. Source: Airline Business
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DOT spotlights fare changes
The US Department of Transportation began publishing its domestic airline fares consumer report in response to an increasing number of inquiries about ticket prices. The first report, for the third quarter of 1996, was released in June last year and the latest report is based on data for the second ...
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French stick over partner
Doug Cameron Investment bankers are sharply split over Air France's ability to secure a strategic airline investor and Air France's advisers have retreated from supporting a trade sale after the collapse of its planned Alitalia agreement. Air France plans an equity issue of FFr18 billion (US$2.9 billion) in ...
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Eye of the tiger
National flag carrier Air India is being readied for a merger with its domestic partner Indian Airlines and at least partial privatisation. But once again political change threatens to scupper the progress made so far. Tom Ballantyne reports from Mumbai. If anyone had doubts that Mumbai-based flag carrier Air-India was ...
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Islands apart
A grand plan for Air Jamaica to be the focus of closer cooperation in the Caribbean region has failed to materialise, and instead would-be partners like BWIA continue to pursue their own separate strategies. Karen Walker reports. According to a joke that circulates in the Caribbean, St Peter allows newly ...
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No more red China blues?
Tom Ballantyne China's airlines are getting their first taste of capitalism as the country's carriers drastically slash their air fares and liberalisation hits the region. The Civil Aviation Administration of China has given its 27 CAAC-approved airlines the go-ahead to cut prices by up to 40 per cent ...
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Carriers free private parts
Doug Cameron Belgium-based City Bird's rocky initial public offering suggests that the recent spate of successful IPOs by European airlines may be over. Last year, low-cost European airline stocks benefited from a surge in interest from US investors who moved heavily into Ryanair and Virgin Express. However, the ...
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Airline News
American Airlines is to launch daily services from Dallas-Fort Worth to Manchester on 6 April and from Boston to London/ Gatwick on 22 May. American Airlines expanded ticketless travel to all its north Atlantic flights on 17 January. Delta Air Lines plans to start daily services from Atlanta ...
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Asia's crisis: a rude awakening
Asia's financial crisis is now threatening to start another global airline recession. What goes up must come down. Of all people, participants in the aviation business should understand this most basic phenomenon. After all, the one certainty of every flight is that gravity will bring it down eventually. All that ...
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Higher US fares are hitting home
As US domestic fares continue to rise, more business travellers are making concessions in order to obtain lower fares, or are switching to low-cost carriers. Report by Karen Walker. The New Year had barely been rung in when both American Express and the US Department of Transportation confirmed what most ...
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Asia's new era
Asia's economic turmoil is going to accelerate long-term structural change as the carriers in the region respond to the challenges. Doug Cameron looks at the impact on aircraft renewal, funding, alliances and liberalisation. Asian executives must be wondering what other calamities fate can possibly have in store for them. ...
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Iberia faces inquisition?
Doug Cameron Iberia is courting trouble with the Spanish competition authorities after reaching agreement for a franchise deal with its main domestic competitor, Palma-based Air Europa. Iberia suffered capacity shortages during 1997 and was forced to wet lease a variety of aircraft, resulting in a fall in service ...
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India airlines in doldrums
T Ballantyne/R Prasad India's hard pressed domestics are facing a double challenge to their shaky balance sheets: the renewed threat of a Tata Industries local startup and massive hikes in airport landing charges. The Tata group had earlier plans for a joint venture with Singapore Airlines, backed by ...
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Born free?
While government regulations were the downfall of most of India's first batch of startups, it appears that a second cycle - involving new players as well as the return of some old contenders - is underway. Like large tracts of Asia, cloaked in the fog from forest fires, India's ...
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Tamed by politics
Report by Tom Ballantyne It seems that every time a new Indian aviation policy ship gently eases itself into port, an election storm rears its head and dashes it onto the rocks. As India's two state-owned airlines, Air-India and Indian Airlines, prepared for the New Year after a ...
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Going Dutch on Italian job
Doug Cameron Alitalia can breathe a sigh of relief after securing KLM as a European partner, as KLMlooks forward to its network being boosted. Alitalia rejected Swissair and Air France as possible partners and signed a memorandum of understanding for a broad-based alliance with KLMon 18 December. For ...
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Red ink rains over Korea
Tom Ballantyne South Korea's airlines are scrambling to downsize and slash costs as the region staggers from the blow of Asia's worsening economic crisis. Flag carrier Korean Airlines faces more than US$900 million in foreign exchange losses after the local currency, the won, dived 40 per cent against ...
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Hungary for private eyes
Peter Bennett The Hungarian privatisation agency, APV, means to privatise its flag carrier Malev by 2000 but a strategic foreign partner is not yet in sight. Malev's sell-off is set to be a complicated one with a 40 per cent state-owned stake floated in an initial public offering ...