All Strategy news – Page 1152
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News
Delta profitable on the Atlantic
DELTA AIR LINES says that its transatlantic services made a modest profit for the year to the end of September, marking the first profitable year since the group acquired the transatlantic operations of Pan American World Airways in 1991. The result was assisted by a record performance in ...
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Open skies hit Alitalia
Andrea Spinelli/GENOA ALITALIA IS FACING heavy competition on its prime domestic trunk route between Rome and Milan, following Milan-Linate Airport's award of additional slots to two new rival airlines. The Italian flag carrier's woes are compounded, by its perpetual fight for financial stability, made harder ...
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India's Jet Airways centres expansion on Calcutta hub
INDEPENDENT INDIAN operator Jet Airways is planning to establish Calcutta as its third hub as part of a continuing expansion programme. Chief executive Nikos Kardassis says that a clear upward trend in business travel between Bangalore and Calcutta, encouraged by West Bengal Government initiatives which have attracted large-scale ...
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MAS chairman confirms big-twin plans
Paul Lewis/KUALA LUMPUR MALAYSIA AIRLINES (MAS) chairman Tajudin Ramli has confirmed plans to order new long-range widebody aircraft, worth $4 billion, by the end of the year, although he appears to rule out a decision in time for the Malaysian air show in early December. ...
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China approves foreign investment in Hainan
Paul Lewis/SINGAPORE THE CHINESE Government has, for the first time, allowed a foreign investor to buy into a Chinese airline, with the approval of a 25% share sale in Hainan Airlines to American Aviation Investment, a fund led by US financier George Soros. According to ...
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Brymon fleet decision imminent
BRYMON AIRWAYS is to decide on a major fleet re-equipment programme in early December, with proposals being considered from ATR and Bombardier. Mike Jones, the Plymouth-based British Airways subsidiary's managing director, says that, if Brymon decides to stay with Bombardier, it will replace three of its five de ...
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Qantas is anxious to limit ANZ Ansett stake
Paul Phelan/CAIRNS QANTAS IS PRESSING The Australian government to limit Air New Zealand's stake in Ansett to 25% - the same ceiling applied to British Airways' equity in Qantas in 1993 As Australian and New Zealand governments study the ramifications of Air New Zealand's move ...
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American
American Airlines, of Fort Worth, Texas, has appointed Michael Smith managing director of sales for Europe, the Middle East and Africa, based at London Heathrow Airport, UK. Smith, who is now managing director of western-division sales, replaces Peter Bowler, who is to return to Fort Worth as managing director of ...
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Saudia focuses on regional selection
Saudi Arabian Airlines is focusing attention on the long-awaited selection of a new 50- to 70-seat regional aircraft, following the finalisation of its $6 billion purchase of larger-capacity US-built jet airliners. The national carrier has a total requirement for up to 30 aircraft, but is expected initially to ...
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BWIA International goes for Airbus mix
Kevin O'Toole/LONDON BWI International Airlines (BWIA) has settled on a mix of Airbus aircraft including three A340s for its fleet replacement, overturning an earlier announcement that it had selected Boeing types. President Ed Wegel says that the first two A340s will arrive in a year's ...
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Battle of the big twins
Airbus and Boeing plan strategies for the next round of combat. Kevin O'Toole/LONDON Julian Moxon/PARIS Paul Lewis/DUBAI WITH THE SINGAPORE Airlines decision now announced, the first round in the battle of the big twins is drawing to a close. There are still a couple of ...
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SIA goes for 777 with Rolls-Royce powerplants
SINGAPORE AIRLINES (SIA) has placed an order for 34 Boeing 777s, with options on an additional 43 aircraft. Deliveries will run from 1997 to 2004. The $12.7 billion deal includes spares and the selection of Rolls-Royce Trent 800-series engines. The selection of R-R was the biggest surprise - the ...
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Air New Zealand signs up to buy a stake in Ansett
Paul Phelan/CAIRNS Air New Zealand (ANZ) has signed a Memorandum of Understanding (MoU) with TNT to acquire an initial 25% interest in Ansett Holdings for A$200 million ($151 million). ANZ chairman Bob Matthew says, that a formal agreement on the two-stage A$425 million purchase, is ...
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Harris may start 'no-frills' airline
AIR CANADA CHAIRMAN Hollis Harris may invest in an US-based "no-frills" airline, which could be in operation as early as June 1996. Harris confirms in an interview with the Canadian Financial Post that at least four "core" investors are already examining whether to take a stake in the ...
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Northwest fumes at KLM activities
NORTHWEST AIRLINES has effectively accused its Dutch partner, KLM, of attempting to gain control of the company, as boardroom friction between the two airlines heads towards legal action. The accusation comes in a letter to Northwest employees, explaining the board's decision to put a "poison pill" in place ...
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Iberia on brink of selling Argentinas
IBERIA IS POISED to sell off its stake in Aerolineas Argentinas and other South American airline holdings, in an effort to raise badly needed cash. Spain's industry minister Juan Manuel Eguiagaray confirmed on 14 November that the bulk of Iberia's 85% holding in the Aerolineas would be transferred ...
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Employee doubts played part in United decision on USAir
UNITED AIRLINES chairman Gerald Greenwald suggests that "significant doubts" among the group's employee owners contributed to the decision to drop its pursuit of a merger with USAir. United finally announced on 13 November that it would no longer press ahead with its talks. American Airlines, which has ...
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Crandall attacks liberalisation progress
Kevin O'Toole/LONDON IN ANOTHER FIERCE attack on the lack of progress being made in UK-US liberalisation, American Airlines chairman Bob Crandall says that he is against any deal which falls short of giving the carrier an equal footing to that of British Airways at London Heathrow. ...
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Inconsistency in BALPA policy
Sir - The Independent Pilots Association (IPA) commends the letter from Chris Darke, general secretary of the British Airline Pilots Association (BALPA) on licence validations within the European Union (EU) (Flight International, 11-17 October, P49). The IPA is also concerned that licence validations have been issued to non-EU ...
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Munich on defensive as Asian airlines pull out
INDONESIAN CARRIER Garuda and Japan Airlines (JAL) have withdrawn from services to Munich Airport, leaving the airport management company, Flughafen Munchen (FMG), defending its growth record. According to the airport authorities, JAL pulled out over a question of traffic rights, while Garuda's decision was part of an overall ...