All Strategy news – Page 1112
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News
Coming of age
The Orient Airline Association, after years of relative silence, has now found its voice. Oriental airlines are finding strength in unity Paul Lewis/BRISBANE The Orient Airline Association (OAA) has been in existence for some 40 years, but only in the past 24 months has it ...
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Delta, Continental consider merger options
Delta Air Lines and Continental Airlines are refusing to comment on widely publicised reports that they are negotiating a possible merger that would create the largest airline in the world. The talks, reportedly initiated by Continental several months ago, are at an early stage, and lesser options are ...
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Reforming Liberte
TAT president Marc Rochet prepares to lead British Airways' challenge in France. Julian Moxon/PARIS By the beginning of 1997, Marc Rochet, president since August of British Airways French subsidiary TAT, is likely to find himself president of the largest privately owned airline grouping in France. He is ...
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Airbus and Boeing vie to modernise Indian Airlines
State-owned Indian Airlines has take the first step towards a massive overhaul of its fleet by informing manufacturers in late November that it is to replace its ageing fleet of Boeing 737-200 and A300B2/B4s. The 15 737s are operated by the recently created Indian Airlines subsidiary, Alliance ...
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Cathay Pacific
Martin Cubbon has been appointed general manager for corporate finance at Cathay Pacific Airways. He is now finance manager at Swire Pacific. He succeeds Kenny Tang, who will become chief operating officer at Air Hong Kong, which is 75% owned by Cathay. Source: Flight International
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Singapore Air
Moses Lee Kim Poo, permanent secretary (Ministry of Labour) has been appointed an additional director to the Singapore Airlines board. Source: Flight International
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KLM share sale?
Dutch national carrier KLM confirms that it is holding "exploratory talks" with the Netherlands Government over the sale of part of the state's 38.2% stake in the group. Although KLM is struggling to contain costs, which has put pressure on its share price, the group points to the underlying strength ...
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Dragonair
Dragonair has appointed Stanley Hui as chief executive from 1 February, 1997. He is now seconded by Cathay Pacific Airways to Air Hong Kong as its chief operating officer. Hui replaces Philip Chen, who will return to Cathay to replace Simon Heale as deputy managing director from March 1997. Heale ...
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AAC
The Association of Airline Consolidators has elected Ken McLeod as chairman. He replaces David Mortimer who becomes deputy chair. McLeod spent 12 years in the consolidation market where, as head of product and planning for Airsavers, he liaised with more than 80 airlines. Source: Flight International
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Garuda to float shares in 1998
Delivery of A330s has been pushed back as Garuda prepares to float Paul Lewis/SINGAPORE The long-delayed privatisation of flag carrier Garuda Indonesia is now planned for December 1998, according to the country's finance minister Marie Muhammad. The size of the initial public offering remains ...
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September profit as Lufthansa ends poor year
Lufthansa recovered some of its poise in the September quarter with a steady profits performance, but doubts that its full-year results will be able to match the record earnings of 1995. The group suffered an unexpected tumble in profits during the first half of 1996 as the anticipated ...
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Sextant Avionique pins hopes on its ATM business
Julian Moxon/Paris Sextant Avionique expects its fast-growing air-traffic-management (ATM)-systems business to net more than a one-third share of the market and add nearly Fr500 million ($100 million) in sales by the end of the century. Sextant and its parent, Thomson-CSF, launched a major initiative at ...
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Viasa plans await employee approval
Julia Hayley/MADRID Iberia's plan for restructuring loss-making Venezuelan airline Viasa, which includes cuts to jobs and routes, has been approved by the other major shareholders, but must now be cleared by the employees by 15 January. Iberia put forward the plan in a bid to recover ...
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Airliners of the World
Airbus and Boeing vie for victory in the high-capacity market. After a string of new airliner model go-aheads last year, 1996 has seen the launch of only one new model - the 757-300 - as the major manufacturers concentrated on the definition of new high-capacity models. ...
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Alitalia fined for anti-competitive actions
Italy's competition authority has fined Alitalia for using unfair tactics in its fight against two new national airlines Air One (formerly Aliadriatica) and Meridiana, which have been attempting to make inroads into the Italian domestic market. The L415 million ($280,000) fine was less than expected because of Alitalia's ...
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Air France Europe shuttle makes good
Air France subsidiary Air France Europe, reports a "successful" first month's operations with its new high-frequency shuttle service between Paris/Orly and Marseille, Nice and Toulouse. The airline introduced the services in October in response to increased competition from independent carriers, even though one, Air Liberté, has since gone ...
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How long can profits last
After a good 1995, US airlines are, with some exceptions, moving towards an even better profit picture this year. And well it should be. If not now, one would have to ask: When? As the year of the 10 per cent ticket-tax boost draws to a close, and ...
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ESOP reflects a united front
In his Dateline Washington column on United's Esop (Airline Business, October), Mead Jennings arrives at erroneous conclusions based on what can only be described as misinformation. Allow me to put the record straight. * United's Esop structure is unique in business history in that it contains a sunset ...
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Aircraft news
TAP Air Portugal has ordered 18 Airbus A319s and taken an option on eight more, for delivery between December 1997 and June 2000, as part of its decision to become an all- Airbus operator. Cathay Pacific is ordering three more A340-300s. Dragonair will purchase two A320s, with options on five ...
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Taesa tamed
The peso's crash halted Taesa's assault on the two incumbents. But with fortunes reviving, will Mexico's third airline bare its teeth again. Before 'La Crisis', Taesa Airlines terrorised Mexico's two major carriers. With lower-than-bus fare prices, it captured a quarter of Mexico's domestic traffic in its first two years of ...