All Strategy news – Page 1085
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Jakarta trio seek remedy
Indonesia's financially battered airlines are taking extraordinary measures in their bids to turn around their performance, including the end to most domestic competition. Privately owned Sempati Air, with debts of more than US$300 million, has given up competing with national flag carrier Garuda Indonesia Airways and entered an ...
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KLM ponders US disposal
As KLM increased its holding in Air UK to 100 per cent, speculation was mounting that the Dutch major was close to selling its 19 per cent stake in partner Northwest Airlines. The move by KLM to sell its stake in Northwest is seen by analysts as the ...
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Five vie for cut of LAM
Three airlines have emerged as bidders for a stake in LAM Mozambique Airlines, with a decision due by October. In total five consortia, including three led by TAP Air Portugal, South African Airways, and Air Mauritius, have pre-qualified to bid for a 51 per cent stake in the ...
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Aer Lingus is left in a stew
Aer Lingus may need its share of the luck of the Irish to pull it back from the brink of pending financial disaster. The airline requires equity investment via a public flotation or a strategic alliance, combined with a severe cost cutting programme, to pre-empt repetition of its ...
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Qatar plans Gulf shuttle
Qatar Airways plans to introduce the first intra-Gulf 'shuttle' service as part of the airline's ambitious relaunch. Qatar intends to launch a minimum of four daily turboprop services from Doha to Dubai and Abu Dhabi by the end of 1998. If successful, Qatar will extend the 'shuttle' concept ...
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...and eyes up ANZ stake
After pinning down its far-reaching alliance with Air New Zealand and Ansett, Singapore Airlines is reaching for its chequebook in preparation for equity investments in Asia-Pacific carriers. SIA is talking about becoming a part-owner of Ansett, Air NZ or both, according to insiders. At the same time, the ...
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Big seven hit by tax lobby
The seven US majors lobbying to replace the universal 10 per cent ticket tax have talked themselves into a corner and look set to end up with an extra $4 billion to pay over the next five years. This is the estimate of one Washington lobbyist, who says ...
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Agents of change
The combination of commission capping by airlines and the advent of new technology was expected to spell doom for many in the travel agency business. But cushioned by the economic upturn, the sector is starting to adapt to the changing environment in a bid to survive. By Jane Levere. Commission ...
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Cry Wolf!
After 18 months as chairman and CEO Stephen Wolf has changed USAir's livery and name to USAirways but achieved precious little else. As he struggles to persuade the unions of the need for concessions, Karen Walker asks if this US airline veteran's bark is now worse than his bite. Could ...
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TWA fleet costs jobs as other US majors report rise in profits
Trans World Airlines (TWA) is to reduce its work force by some 1,000 people, with half the cuts being made in maintenance operations. The announcement comes as TWA reported a small loss in what was otherwise another quarter of healthy profits from major US carriers. TWA says that the ...
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China Southen floats on pair of stock exchanges
China Southern Airlines is to become the largest mainland Chinese carrier yet to float its shares publicly, with a dual listing on the New York and Hong Kong exchanges. The Guangzhou-based airline is to make an initial public offer of around 32% of its stock at the end of ...
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Dragonair
Algernon Yau has become general manager planning and international affairs at Hong Kong regional carrier Dragonair, replacing Augustus Tang, who returns to Dragonair's major shareholder, national carrier Cathay Pacific Airways. Ronnie Choi has been named general manager for customer services, a position which was formerly held by Yau. Choi, who ...
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Delta
Delta Air Lines has named Frank Meditz regional manager for multi-national accounts - Europe, based in London, UK. He is now manager for corporate sales. Peter Hannaford is appointed manager for multi-national and key accounts, also based in London. He now holds the position of account executive - London. Roman ...
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First Boeing 777-300 is joined together
THE final body join of the first Boeing 777-300 fuselage, the longest airliner built to date, was accomplished at around 1.30am on 21 July at Boeing's Everett, Washington, site. The completed aircraft will be 73.8m in length, or around 3.4m longer than the 747. Despite the structural changes ...
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Former Aeroflot directorate Pulkovo takes on its own identity
Pulkovo Aviation Enterprise, the St Petersburg-based airline which was previously the north-western directorate of Aeroflot, has now taken on its own identity, as illustrated by this Tupolev Tu-154B-2 at Shannon, Ireland. The airline operates a fleet of Tupolev Tu-134s and Tu-154s, Ilyushin Il-86s and Antonov An-12 freighters.Pulkovo's route network, some ...
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USA and Japan aim to clinch bilateral deal in September
Andrew Mollet/TOKYO Kevin O'Toole/LONDON Japan and the USA have agreed to make Tokyo the venue for their first full negotiations on a new passenger transport bilateral accord on 4-6 August, with the aim of producing a deal in September. Until now, the two sides have been ...
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Great Lakes loan
Raytheon has provided Great Lakes Aviation a $4 million short-term loan as the Beech 1900 operator restructures operations. The airline is concentrating resources on its United Express operations at Chicago O'Hare and Denver. Source: Flight International
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Transaero's initial ll-96M due in 2001
Russian airline Transaero will take delivery of the first of up to 12 Ilyushin Il-96Ms in 2001, following the signing of a contract with Ilyushin and the Vordnezh Aircraft Production Organisation for six firm orders, plus six options. The deal for the Pratt & Whitney PW2000-powered aircraft was ...
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American clinches Latin deal
Kevin O'Toole/LONDONRamon Lopez/Washington DC The American Airlines group, AMR, is to take a stake in Aerolineas Argentinas and form an alliance with Iberia, under a deal struck with Spanish state-holding company SEPI, which effectively controls both carriers. British Airways has also started co-operation talks with the Spanish carrier, ...
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Risky business
The gambles associated with Macau Airport are beginning to pay dividends PaulLewis/MACAU To invest over $1 billion on an all-new airport for a small city of 400,000 inhabitants would appear to be a financial gamble, but Macau, having built its economy around the casino industry, is accustomed to ...