All Strategy news – Page 1092
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News
Helikopter Service links with Rotex on long-line projects
Norway's Helikopter Service is in the final stages of setting up a joint venture with newly formed central European helicopter operator Rotex to cover long-line work in the oil and construction industries worldwide. David Price, Helikopter Service project manager, says that the Bergen-based company intends to use the ...
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Room for three?
Aloha and Hawaiian Airlines have seen inter-island challengers come and go. Will Mahalo Air be any different? David Knibb reports. Any high frequency, short haul market of 9.2 million passengers a year is bound to attract attention, especially when only two airlines consistently serve it. But in the Hawaiian inter-island ...
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New Labour, new taxes?
New Labour, new taxes? If the opinion polls are correct the United Kingdom could have its first Labour government in 18 years by early May. The new administration, led by Prime Minister Tony Blair with Gordon Brown as Finance Minister, would be very different from its predecessors. ...
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Appointments
Thai Airways has appointed several new executive vice presidents, including Bhisit Kuslasayanon for commercial service, Payoon Puakpong for customer service, Saad Sobsatrasorn for operations, and Amnuay Chanya for finance and information. Meanwhile Sittipong Thanitayawong is the new senior vice president responsible for corporate planning and government relations. Frederick ...
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Appointments
Air Marshall Islands has appointed Peter R Hanna as chief executive officer. James A Robinson has been appointed president and member of the board of directors of Fairchild Aerospace Corporation while Michael L Meshay has joined the board of Fairchild subsidiary Dornier Luftfahrt. Hans-G Koch became ...
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Appointments
François Bachelet becomes chief operating officer of Air France Cargo. Martin George has become British Airways' director of marketing. Meanwhile, BA's chief executive Bob Ayling has become chairman of the Association of European Airlines for 1997. Willem E Kooijman will become KLM's executive vice president personnel ...
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Bidders line up for Iberia
European and US airlines are lining up to take a stake in Iberia as only two carriers remain in the fray for part of the Spanish flag carrier's former holding in Aerolineas Argentinas. A senior source at Iberia has disclosed that Air France, American Airlines, British Airways, Continental ...
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Malay duo to share routes
Malaysia's second international carrier AirAsia is planning a rapid expansion programme but this is unlikely to trouble incumbent Malaysia Airlines after the two carriers agreed to avoid competition. Operating as Pacific Eagle, the carrier is set to launch services to Shanghai in China - alongside MAS - and ...
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French make waves in Fiji
It's normally the US that stands accused of neo-colonialism. But not to be outdone, France has decided it too can play the game and the focus of its efforts is the tiny Pacific island of Fiji. The island's government, a major recipient of overseas aid from the European ...
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Alitalia too late for aid?
Alitalia appears to be a victim of the 'first come, first served' principle. Brussels has rejected the Italian carrier's amended restructuring plan yet cleared Air France's final tranche of state aid. But the legal challenge to Air France's aid has moved a step further. The Commission informed Alitalia ...
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Partners for now
Every year sees a major change to the global alliance movement and this year's survey, the fourth consecutive since 1994/95, is no exception. Last year SAS left the European Quality Alliance for Lufthansa, while this time British Airways ditched its codeshare with US Airways in favour of American Airlines. With ...
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ANA homes in on losses
All Nippon Airways believes it may soon be able to restructure its massive domestic network by dropping a significant number of unprofitable routes, a move barred until now under government regulation. The airline says it 'understands' further domestic liberalisation, which has already seen an easing of fare controls ...
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The good European
What do you get if you cross an English mother company with French and German subsidiaries? The airline industry is still waiting for the punchline as British Airways pursues its so far unprofitable attempts to move into the French and German domestic markets via subsidiaries TAT/Air Liberté and Deutsche BA. ...
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Foreigners out
India's ban on foreign airlines investing in domestic carriers still stands, despite the collapse of the government in April. New prime minister Kumar Gujral has retained transport minister C M Ibrahim, architect of the foreign equity ban, while free marketeer P Chidambaram has resigned as finance minister. However, there is ...
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CNAC enters stock race
Two of China's leading aviation companies are embroiled in a race to list on the Hong Kong stock exchange before the territory is handed over to Beijing's control on 1 July, with sources suggesting only one is likely to succeed. Guangzhou-based China Southern Airlines is still trying to ...
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West sends clear signals over HK
There will be no more important global event this decade than the handover of Hong Kong, the most advanced economy in Asia (excluding Japan), to its neighbour in the north, the People's Republic of China. When the Union Jack is finally lowered at midnight on the last day ...
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Who dares follow Crandall's path?
Somewhat ruefully, a speaker at AvMan's recent CEO conference for Latin American and Caribbean airlines remarked that it now seems as if all roads lead to Bob Crandall, American Airlines' president and chief executive officer. There is a wide gulf, however, between those who eagerly hope to tread that path ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Aer Lingus Y Dec 31 51.2 24.2 1,225 -4.0 AMR Corp 1Q Mar 31 152.0 157.0 4,006 2.4 Austrian Airlines Y Dec 31 19.8 30.4 1,228 8.8 China Eastern Airlines ...
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A race to market
When Seiji Fukatsu, president of Japan's All Nippon Airways, called a press conference in mid-April, local scribes could have been forgiven for speculating that a major announcement of international import was in the offing. It was common knowledge that ANA was on the verge of releasing details of ...
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PIA sale to fund revamp
The Pakistani government has launched its search for a strategic equity partner to help recapitalise and restructure state-controlled Pakistan International Airlines. The government's privatisation commission plans to appoint financial advisors, consisting of an investment bank, a law firm and consultants, on 20 July to oversee the sale of ...