All Strategy news – Page 990
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Onex raises offer for Air Canada
Brian Dunn/MONTREAL The Onex investment group has improved its takeover offer for Air Canada in response to Star Alliance's bid to keep the carrier in the airline grouping, but there appears to be no quick end in sight to the Canadian airline industry's nine-week old merger battle. Onex ...
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Turboprop makers bullish about stable future sales
The market for regional turboprop airliners is set for a relatively stable future, despite explosive demand for regional jets, say manufacturers. Production, they say, is expected to remain at consistent levels throughout the next decade. ATR expects to build more than 300 ATR 42/72 turboprops over the next 10 ...
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A330s set to wing their way to Iran
Andrew Doyle/MUNICH Iran has reached agreement with France over its planned purchase of four Airbus A330-300s for operation by flag carrier Iran Air, with deliveries of the aircraft to begin in 2001. Iranian transport minister Mohammed Hojjati told the country's official news agency, IRNA, that the $480 million deal was ...
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A lesson in low cost
Debonair's demise has provided a salutary lesson to other of Europe's low-fares carriers not to stray too far from the low-cost formula. Conventional wisdom may be much maligned, but it is not always wrong. Almost from the day that Franco Mancasola sketched out his plans to launch a ...
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More to come says Star, as it welcomes new members
BEN MCMILLAN/ATI TOKYO Singapore Airlines (SIA) took centre stage at the inauguration of Japan's All Nippon Airways (ANA) into the Star Alliance in Tokyo in October by confirming its widely anticipated entrance into the multilateral airline grouping from spring next year. ANA was to join Star on 31 ...
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Air Canada's allies prepare rescue bid
DAVID KNIBB SEATTLE A showdown is expected by 8 November on the bid by Onex to acquire Air Canada and merge it with Canadian Airlines. With high stakes for the Star and oneworld alliances, United and Lufthansa Airlines appear ready to intervene on Air Canada's behalf. Onex ...
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Travelocity merger with Preview stirs on-line fight
JANE LEVERE NEW YORK Global distribution system company Sabre has merged its Travelocity unit with Preview Travel in a step-up in the battle for the growing on-line travel market. The new company, Travelocity.com, will have projected sales this year of more than $1 billion. Travelocity was already top-ranked in ...
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Delta buys Comair
Delta Air Lines is buying Comair Holdings, parent of Comair, in a $1.8 billion deal. Comair, based in Cincinnati, Ohio, is a Delta Connection regional carrier which feeds passengers from cities in the midwest and Florida to Delta's hubs in Cincinnati and Orlando. Comair chairman and chief executive David Mueller, ...
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Ansett NZ wins pilot contract battle amid sale talk
New Zealand's second airline has won the struggle with its pilots over a new contract, but it is dogged by reports that it is preparing the airline for sale. Ansett New Zealand and its pilots have been at odds most of this year over a company demand that they ...
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One Chinese merger plan fails, but another takeover is revived
NICHOLAS IONIDES BEIJING Merger talks between Air China and China Southern Airlines have ended in failure but supporters of consolidation in China's bloated airline sector will be pleased with another positive development: two other Chinese carriers have forged a tentative deal. Beijing-based industry sources say China National Aviation (CNAC), ...
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Shanghai opens second airport
With the opening of Pudong in October, Shanghai became China's first city with two international airports. Now the question is how to co-ordinate the two. Under a three-phase plan approved by Beijing, Pudong will boost operations in stages. During its first month, Shanghai Airlines and China Eastern planned to shift ...
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A year to forget
PETER CONWAY LONDON It took a while for the Asian downturn to affect the air cargo industry, but last year the bad news really hit home. There is little hiding from the fact that 1998 was a dismal year for the air cargo industry. And final figures from the ...
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Facing the markets
TOM GILL CASABLANCA Moroccan flag carrier Royal Air Maroc is preparing for privatisation and hopes to join Air France's global alliance. But it has not escaped the market turmoil hitting the rest of the industry. "When you make a lot of profit it is a bit worrying. You say ...
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Asia stays cautious despite signs of recovery
The latest round of financial results from Asia's airlines show how far the bulk of the region has come over the past year. But faced with continuing depressed yields in many markets, executives across the region feel compelled to warn that a full recovery is still a distant prospect. Carriers ...
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New contenders join the contest in Peru
DAVID KNIBB SEATTLE Substitute LanChile and Grupo TACA for Cintra and Delta Air Lines and a new chapter opens in Peruvian aviation. LanPeru and TACA Peru, backed by their main patrons LanChile and Grupo TACA, have replaced the fallen AeroPeru that was owned by Mexico's Cintra and Delta. Meanwhile, a ...
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Alitalia plans strategy amid growing competition
Alitalia has announced an upbeat two-year strategic plan, but in the short term it could be in for a bumpy ride. The Italian carrier forecasts a drop in net consolidated profit from 1998's L408 billion ($223 million)to L202 billion this year, blaming declining domestic yields and a rise in ...
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Iberia faces attack as shares go on sale
BARRY CROSS LONDON Iberia's initial public offering is finally going ahead on 22 November, following the resolution of a dispute between 9% shareholder British Airways and major company shareholder Caja Madrid over voting rights. A 53% stake held in the flag carrier by state holding company SEPI will be floated. ...
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Forced marriages
PETER CONWAY LONDON The big three global alliances have produced few cargo synergies so far. Will they ever? Cargo departments could be forgiven for feeling a little excluded amid all the clamour surrounding global alliances. While vast amounts of management time have been focussed on cementing the right strategic relationships ...
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Expanded horizons
NICHOLAS IONIDES SINGAPORE Singapore Airlines emerged relatively unscathed from Asia's economic turmoil. Now the group's executive team, led by Dr Cheong, aim to ensure that growth gets back on track, with alliances which will increase the carrier's reach around the world. The executive team at Singapore Airlines (SIA) would seem ...
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Reworking the model
KEVIN O'TOOLE A new alliance study carried out by Gemini Consulting, in collaboration with Airline Business, suggests that global groupings may have to adopt more than one model for their relationships. The last time that the airline industry indulged in a bout of alliance-forming at the start of the 1990s, ...