All Strategy news – Page 1123
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News
New P&W engine powers show 777
Good fortune has shone early on Pratt & Whitney at Farnborough - its newly-certificated PW4090 engines are powering the Boeing 777 in the static display. Flight tests of the 400kN (90,000lb) thrust engine on the 777 began at Boeing's Seattle, Washington factory less than a month ago on 3 ...
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Airports
Belfast Airport is to be acquired by property group TBI for ú72.4 million ($112 million) plus repayment of ú28 million of debt. TBI bought Cardiff Airport last year. British Airways is to transfer 13 weekly flights to Argentina, Brazil, Chile, Colombia, Mexico and Venezuela and three B747-400s from ...
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Appointments
Canadian Airlines has named Doug Carty as its vice president of finance to succeed Kevin Benson, who has been elected president and chief financial officer. Giles Filiatreault is to replace Mike Stanfield as chief executive officer of BWIA International Airways. David Taylor has resigned as president ...
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TAT full on
British Airways will exercise its option to acquire the remaining 50.1 per cent in TAT for $32 million, giving the UK carrier 100 per cent of the French operator. BA has appointed the ex-chairman of AOM, Marc Rochet, chairman of its fully owned subsidiary. Source: Airline Business
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Pan Am II goes it alone
With financing complete, routes and aircraft in place and eight international codesharing partners signed up, the new Pan Am is hoping to be in service by September. But it will start without taking over Carnival Airlines first. Martin Shugrue, Pan Am's president and chief executive, who will trade ...
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More dirty tricks and legal twists
In Europe, a volley of legal attacks by airlines on their competitors has been launched. In the US, hard on the heels of KLM's spat with alliance partner Northwest, USAir has declared legal war on its partner, British Airways. If your aviation lawyer is not involved in either ...
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Delta stokes fires in east
With the launch of its low-fare Express concept, Delta Air Lines will want to avoid repeating the disastrous low-fare Continental Lite experience on the US east coast and mirror that of the Shuttle by United, whose performance has been good enough for United to give it a dedicated fleet of ...
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Asia's liberal minority
Aeropolitics The US is making headway with its open skies philosophy in Europe but the Asia-Pacific market is proving a tougher nut to crack. Tom Ballantyne looks at the differing regional attitudes to liberalisation with the outside world and then assesses progress on open skies locally. To Asia-Pacific's growth-hungry ...
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Starting over
The second wave of US new entrant airlines is proving more resilient than the first and some venture capitalists are now looking at Europe. Russell Winter offers a formula to make sure aspiring low-cost startups, especially in Europe, find financial backers with deep pockets.Many industry specialists continue to believe that ...
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Off to a head start
After a long wait, deregulation in Europe has spawned a growing number of startup carriers which are now providing a serious challenge to the majors. Lois Jones reports Until now, startup carriers have tended to provoke no more than a bemused glance from Europe's old timers. But the ...
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Financial data
Air Canada's operating profit fell from US$33m to US$27m as domestic yields fell, but the sale of Continental Airlines shares netted C$129 million. America West's record quarterly earnings came as traffic grew 13.8%, load factors rose 3.3 points, yields jumped 4.1%, and unit costs fell 7.5%. ...
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ANA allies by mix 'n' match
The codeshare service started by All Nippon Airways and Air Canada in August on Osaka-Vancouver marks the growing emphasis the Japanese carrier is putting on expanding its network through alliances. The days when Japan's Ministry of Transport discouraged its carriers from forming such pacts are clearly over, and ...
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Air Afrique states case
We have been deeply upset by the article 'Eleven oust Afrique boss' (Airline Business, June) commenting on Yves Roland-Billecart's departure from Air Afrique. Roland-Billecart's decision to resign was a consequence of the resolution from the Ministers of Transport of Air Afrique's owner states to separate the functions of chairman ...
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Russia gets Euro boost
The European Commission is inviting consultants to tender for three studies to assess the commercialisation and upgrading of Russia's airports, which could lead to privatisation of the sector. The Commission will select the winner for each of the year-long studies in September. The studies are part of a ...
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All together in the Middle East
The collapse in yields to the Indian subcontinent and the Philippines has pushed carriers in the Middle East into a fares pact aimed at stemming the decline. Gulf Air, Emirates and Kuwait Airways agreed at a meeting in Kuwait in June to raise market fares on sectors to ...
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Aria on verge of merger?
Speculation is mounting in Moscow that state-controlled Aeroflot Russian International Airlines (Aria) and private operator Transaero are close to a merger. Rumours were fuelled in early July when the rival carriers signed a cooperation deal, which envisages codesharing and joint fleet planning. One aviation source in ...
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Iberia's boss
The new Spanish government has appointed US-born Xabier de Irala Estevez, a former vice president of General Electric in France, as chairman of Iberia. Source: Airline Business
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Where angels fear to tread
An unprecedented restructuring plan has put Avensa back in the black amid economic chaos, but has also attracted fierce criticism. Flag carrier Viasa has lost out to its rival in both the domestic and US markets and as it struggles to fight back, new entrants are appearing on the scene. ...
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ValuJet's long shadow
US The crash of ValuJet Flight 592 in May has had more impact on the US airline industry than any other commercial aviation tragedy. Mead Jennings explores the longer-term repercussions of the ValuJet affair. The repercussions of the crash of a 27-year-old ValuJet Airlines DC-9 in Florida's Everglades, which killed ...
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Washington now Virgin territory?
As Virgin Atlantic makes its presence felt in the US-UK open skies negotiations, Washington's commonly held wisdom that British Airways holds nearly complete sway over the UK's international aviation policy is being put to the test. BA, which wants an open skies pact so it can seek antitrust ...