All Strategy news – Page 973
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News
Aegean considers global alliances
Aegean Airlines is "probing" global alliance possibilities with a view to joining one of the networks by next March to let it launch international routes, having given up hope of co-operating with Greek carrier Olympic Airways. The airline plans international expansion around the opening of the new Athens Spata ...
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Maintainers record mixed 1999 results
Graham Warwick/WASHINGTON DC Troubled US maintenance and parts specialist Aviation Sales will take a charge of $72 million against yet-to-be-announced 1999 results, relating to a reduction in the value of inventory in its parts redistribution operations, plus four Airbus A300s which it is trying to sell or lease. The ...
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Air France/Delta court Aeroflot
Julian Moxon/BUDAPEST Alexander Velovich/MOSCOW Air France and Aeroflot have agreed a deal that should see the Russian carrier join the former's global alliance with Delta Air Lines, while the French flag carrier is also emerging as the most likely partner for Hungary's Malev, with its Budapest Ferihegy hub. The ...
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Canadian plans to update ageing fleet
Canadian Airlines has unveiled plans for a multi-billion dollar acquisition to replace up to 70 ageing aircraft over the next five years. The move follows its takeover by rival Air Canada, and a joint fleet-renewal order may be under consideration. The plan has been disclosed by new president ...
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People
Gareth Kirkwood, managing director (MD) of British Airways subsidiary Brymon Airways, has been appointed MD of British Airways World Cargo. Northrop Grumman's Electronic Sensors and Systems sector has appointed four new vice-presidents (VPs): Donald Wilhelm - airspace management systems, George Perkins - space systems, James Armitage - engineering, Baltimore operations ...
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Thailand gives green light to Thai Airways offer
The Thai cabinet has approved the sale of a 23% stake in Thai Airways International, endorsing the sale of 100 million shares held by the Ministry of Finance and of 300 million new shares in the airline. Bangkok owns 93% of Thai, with the rest publicly held. The airline's ...
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Air France makes bid for Air Liberté
Air France has made a firm offer for British Airways' loss- making subsidiary Air Liberté in a move which, if successful, would consolidate its hold on the French domestic market and bring with it an extensive route network to overseas French territories. A takeover would increase Air France's slot ...
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Airbus begins A3XX proposal process
Paul Lewis/WASHINGTON DC Julian Moxon/PARIS Chris Jasper/LONDON Airbus Industrie has begun submitting proposals to airlines it regards as key potential customers for the A3XX as it bids to rack up sufficient commitments for the 480-660 seat family to be launched later this year. Unofficial agreement has been reached on assembly ...
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SIA fails with Air New Zealand bid
Paul Phelan/CAIRNS A bid by Singapore Airlines (SIA) to acquire a 25% stake in Air New Zealand (ANZ) has been put on ice . SIA chief executive Dr Cheong Choong Keong went to New Zealand to complete the agreed purchase with ANZ owner Brierley Investments (BIL), only for the ...
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A tale of two countries
Deregulation has had differing results for Chile's and Argentina's airlines Paul Lewis/SANTIAGO Guy Norris/BUENOS AIRES Chile and Argentina offer contrasting pictures of the state of civil air transport in South America. The former is held up as a textbook example of successful deregulation, having embraced open skies and ...
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Argentina suspends law to block LanChile advance
Guy Norris/LONDON The Argentinian Government has suspended for six months a 1994 law allowing foreign ownership and control of Argentinian carriers. The move is apparently aimed at blocking a takeover of ailing Aerolineas Argentinas by LanChile, which had expressed an interest in taking a share in the Buenos Aires-based ...
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Chilean carrier seeks a new fleet and European partner
Paul Lewis/SANTIAGO Avant Airlines plans to decide within the next six months on a replacement fleet of aircraft. The Chilean carrier is also searching for a European partner to strengthen its domestic market presence. According to Avant executive vice-president Fernando Fernandez, the airline aims to select a new 100-seater ...
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Rockwell venture makes News
Emma Kelly/LONDON Rockwell Collins has formed a joint venture with media giant News Corporation in the latest stage of the avionics manufacturer's continuing move towards providing equipment and services for the passenger cabin. The partners' In Flight Network (IFN) joint venture is designed to provide airline passengers with the latest ...
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People
John Ferrie is to head Smiths Industries Aerospace, succeeding Norman Barber who is retiring. Ferrie joins the UK company as executive director on 10 April and takes over aerospace responsibilities from 31 July. He was previously executive vice-president (VP) business operations for Rolls-Royce. Newly formed Lockheed Martin Aeronautics has completed ...
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Swissair in the hunt for Thai following codeshare move
Chris Jasper/ZURICH Swissair is launching a codeshare deal with Thai Airways International in a move that casts doubt over Thai's long-term future within the Star Alliance. The Asian carrier is due to be partially privatised through the sale of a 23% stake - with 14% going to a ...
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Southern Winds warms up Aerolineas with codeshare
Guy Norris/CORDOBA Southern Winds, a fast-growing Argentine regional based in Cordoba, is to begin its first codesharing flights with Aerolineas Argentinas this month as part of plans to expand its fleet to include up to 18 Bombardier Canadair Regional Jets (CRJs). Christian Maggio, general manager of the four-year-old ...
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Low-key liberalisation
Japan has finally deregulated its domestic market. But the airlines are not convinced it will have a major effect on competition Andrzej Jeziorski/TOKYO When deregulation took hold in the USA in 1978, it changed the face of domestic airline travel. It led to an explosion of new airlines - ...
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A320 tops list in ILFC plan for major new purchase
Paul Lewis/WASHINGTON DC International Lease Finance (ILFC) is on the verge of placing a follow-on order with Airbus Industrie for another 50 widebody and narrowbody aircraft. At the same time, the leasing company continues to express interest in the proposed Boeing 777-100X shrink development. The Los Angeles-based leasing ...
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Ayling bails out as British Airways slump takes its toll
Emma Kelly/LONDON British Airways chairman Lord Marshall took over the running of the airline on 10 March with the resignation of chief executive Bob Ayling. Marshall will take on the role of chief executive while a successor is sought. Ayling leaves BA after four years as chief executive and ...
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Impulse boost
Australian regional Impulse Airlines is on track to launch operations out of its Newcastle hub following finance giant AMP's assumption of a "significant strategic equity position". Impulse's planned Boeing 717-based expansion was due to be funded from Hong Kong, but cash dried up after Virgin Atlantic unveiled Australian plans, Air ...