All Strategy news – Page 1084
-
News
Marketplace
++ Icelandair has signed an agreement with eight financial institutions for the provision of $100 million loan, arranged by HSBC Investment Bank Asia and Landesbank Kiel, to finance two Boeing 757-200s due for delivery in January 1998, and April 1999. ++ The Florida based Aviation Management Support has acquired ten ...
-
News
MHS to cut its Cambodian ties
Paul Lewis/SINGAPORE Malaysian Helicopters Services (MHS) looks set to pull out of its joint venture with Royal Air Cambodge (RAC), following the new Cambodian Government's decision to establish a joint venture airline with Thailand and open international air services. The Cambodian Government has signed a memorandum ...
-
News
New US taxes may take a toll on airline boom
Kevin O'Toole/LONDON US airlines could be hit with extra taxes of almost $4 billion over the next five years under recommendations from the US Congressional committee set up to establish an alternative to the 10%federal ticket tax. The recommendation, which is expected to become law from ...
-
News
Thai consortium searches for investors to make Angel fly
A Thai consortium recently selected to establish Thailand's second national carrier is looking for foreign investors to take an equity stake in the planned start-up operation, to be named Angel Airlines. JVK Holdings says that it is in discussions with potential overseas investors, including foreign airlines. It admits, ...
-
News
US Airways makes new offer to pilots
US AIRWAYS has made a new contract offer to pilots who are suing the US carrier over tactics used during fruitless bargaining over cost-cutting measures. The airline claims that the proposal would provide pilots with job security while enhancing growth in operations which keep pace with rival airlines. ...
-
News
Appointments
All Nippon Airways has named Kichisaburo Nomura as president and chief executive officer and Ryogo Inoue and Hiroshi Sakabe as senior executive vice presidents. Aéropostale has nominated Jean-Marie Mariani as CEO. Daan Meyer will become executive vice president of KLMEngineering and Maintenance, and Max Rens is ...
-
News
Suppliers
British Midland has chosen International Aero Engines' V2500 engine to power its 12 A320s and eight A321s. Airbus has chosen the Rolls-Royce Trent 500 engine to power the A340-500/600. Cathay Pacific Airways has appointed the Sabre Group and IBMas its preferred ITsuppliers for 10 years. ...
-
News
Virgin leaves Sun's orbit
In a surprise move, Virgin Atlantic Airways has opted out of the bidding for a stake in its current South African partner Sun Air, and has set its sights on the biggest fish of all, South African Airways. Virgin's withdrawal from the sale of state-owned Sun Air means ...
-
News
US starts up merge mania
Low-fare, low-cost startups on both the east and west coasts of the US are seeking critical mass through mergers in their struggle for survival. On the east coast, ValuJet's mid-July merger with Airways Corporation allows the Atlanta-based airline to obtain critical mass without technically infringing the growth restrictions ...
-
News
AA set to win Latin stake?
Victory appeared close for American Airlines at presstime in its bid to capture a stake in Aerolineas Argentinas. Although American was making no comment and Continental Airlines, the other bidder, said it had not been informed of any decision, well informed sources in the US were saying that ...
-
News
French kiss of life?
Air France is getting into shape with a healthier balance sheet and budding alliance strategy. But its privatisation plans could be scuppered by the new French government and union problems remain. Lois Jones reports from Paris. Inhale, exhale. Inhale, exhale. Anybody got a spare inhaler handy? Air France needs more ...
-
News
Business revolution
While Ansett Australia is certain to benefit from its relationships with Air New Zealand, United and Singapore Airlines, the carrier knows that internal change is required to ensure a more profitable future. By Tom Ballantyne. When former Cathay Pacific managing director Rod Eddington took control of financially struggling Ansett ...
-
News
Shifting sands
European carriers have taken the lead across the North Atlantic, and major airports like Detroit, Heathrow and Amsterdam have emerged as the clear winners. April Pearson examines the latest data on the US-Europe market. Newly released International Onboard traffic data demonstrates how much the most competitive airline market in the ...
-
News
Union action is ailing BA
British Airways' chief executive Robert Ayling was forced to adopt a more conciliatory tone with the airline's largest trade union, the Transport and General Workers' Union when, during a three-day strike by cabin crew in early July, BA ground staff voted to reject the package of terms and conditions linked ...
-
News
Unity comes to Caribbean
The Caribbean islands, jolted by the damaging implications the threatened pilot strike at American Airlines could have had on tourism to the region, have put aside internal differences to pursue a unified commercial aviation policy. Air Jamaica and Montego Bay Airport, now designated the carrier's hub for the ...
-
News
Airports face down charge
Brussels' second attempt to push through legislation to harmonise airport charges in Europe has attracted the usual hail of criticism from both sides of the industry. Airport charges vary widely across the European Union. In its draft proposal, the Commission highlights a 'cost variation for these facilities and ...
-
News
Xiamen joins China float
Xiamen Airlines looks set to become the fourth Chinese airline to go public, following the boost the domestic carrier has given to its majority shareholder China Southern Airlines in advance of its parent's late July stock market debut. At presstime, China Southern was heading for Hong Kong and ...
-
News
Power to the plans
As the major alliance partners strengthen the ties between their frequent flyer programmes, the combined power of FFPs to influence the all-important business class traveller has made frequent flyer plans more important to global alliances than codesharing. Report by Jackie Gallacher. 'It is the glue to hold the alliance together.' ...
-
News
SIA re-opens Indian file
Singapore Airlines looks set to become the first beneficiary of the latest twist in India's convoluted efforts to develop a coherent aviation policy. The country's new prime minister has directed the aviation ministry to abandon its two-month old ban on foreign ownership of domestic airlines, opening the door again to ...