All Strategy news – Page 992
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News
Purchase moves Aegean up to second
Julian Moxon/PARISGreek start-up Aegean Airlines will be the second-largest airline in the country, after state-owned Olympic Airways, as a result of a forthcoming purchase of a majority share in Air Greece. Aegean has agreed to take over the 54% share of Air Greece held by shipping company Minoan Lines. It ...
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MRO merger talks fade amid legal suits
Chris Jasper/LONDON BFGoodrich and US aircraft maintenance specialist Aviation Sales have held talks about a possible merger, say industry sources, adding that negotiations have petered out as Aviation Sales faces a possible court action over claims that it issued misleading statements on demand for its services and likely earnings. ...
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Atlantic Excellence ends after leaders split
Chris Jasper/LONDON Hilka Birns/CAPE TOWN The Atlantic Excellence Alliance has been wound up, formalising the split between the group's leaders, Delta Air Lines and Swissair, which emerged following the US giant's bilateral agreement with Air France. The alliance was formed in June 1996, bringing together Swissair, Austrian Airlines, Belgium's ...
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Latin America deals to strengthen Wings
Continental Airlines is moving to strengthen the presence of the planned Wings alliance in Latin America through tie-ups with smaller carriers. The plan is to compete for access with oneworld and the Star Alliance. The Houston-based carrier confirms it would like Venezuelan partner Aserca Airlines to join the Wings ...
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Tailored to fit
Airbus has developed a flexible aircraft system, reducing lead times, cutting costs and trimming parts inventories Julian Moxon/TOULOUSE Until recently, the manufacture of aircraft was driven by forces that had little in common with the markets into which the resulting products were sold. Lead times were long and out of ...
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Squabble over Iberia resolved
Spanish flag carrier Iberia is to be privatised on 22 November following the resolution of a dispute between prospective shareholder British Airways and another investor over how much voting control should be granted to the UK major. Although BA is due to take a 9% stake in Iberia, with ...
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Cabin standards hinge on new authority
Emma Kelly/SALT LAKE CITY The boards of the World Airline Entertainment Association (WAEA) and ARINC are expected to consider by the end of this month a proposal for the formation of a new body to develop cabin standards. The new standardisation authority, the International Airlines Cabin Committee, should be established ...
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Routes
Malaysia Airlines (MAS) has signed its first commercial co-operation agreement with a US carrier, forming a partnership with Northwest Airlines. The agreement entails codesharing on MAS services between Kuala Lumpur and Los Angeles, and on Northwest's Kuala Lumpur-Detroit flights. The carriers say they plan to increase co-operation to US and ...
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China maintenance market attracts joint ventures
New Chinese maintenance company Shandong TAECO Aircraft Engineering (STAECO) plans to expand its capabilities and customer base by mid-2000. The move is part of a wide-ranging expansion of maintenance capacity in China as established companies increase facilities and new entrants join the fray. STAECO carries out maintenance below D checks ...
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BWIA poised for major share sale
Paul Lewis/MIAMI BWIA International Airways is to move ahead with share offerings on stock markets in the Caribbean and USA in an effort to raise up to $100 million in capital to underwrite the acquisition of replacement widebody jets. The Trinidadian carrier plans to make an initial public offering ...
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Boeing launches turnkey initiative with DHL freighter conversion contract
Max Kingsley-Jones/SEATTLE Boeing has raised its interest in aircraft remarketing and support to a new level following the launch of a far-reaching package of services covering DHL International's acquisition of converted 757 freighters. The "turnkey" deal is a departure for US manufacturer Boeing and is expected to be followed ...
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Virgin drops Sun Air plans
Virgin Atlantic Airways has abandoned plans to revive failed South African regional carrier Sun Air, but is chasing a tie-up with another regional, Nationwide Airlines, after winning a weekly frequency to Cape Town ahead of UK rival British Airways. Virgin already flies to Johannesburg and had codeshared on Sun ...
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BA/CityFlyer deal on - but with slot limits
UK trade and industry secretary Stephen Byers has approved the acquisition of CityFlyer Express by British Airways. He has, however, imposed a tougher cap on the number of take-off and landing positions BA can control at London Gatwick Airport, where the carriers are the two biggest slot holders. As ...
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Chinese airline tie-up talks break down
Merger talks between Air China and China Southern Airlines have broken down, Beijing-based industry sources say. Reports say talks failed amid continuing concern over flag carrier Air China's financial shape, with China Southern unsure of the merits of a merger. Flight International sister on-line service Air ...
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Europe seeks views on Galileo navigation system
Emma Kelly/AMSTERDAM The European Commission (EC) has set up transportation groups to start gathering views from potential users of the Galileo satellite navigation system. Although forums have been established for the maritime, road and rail industries, no such group has been set up for aeronautical users. "We don't want ...
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Airlines cut millennium flights
David Learmount/LONDON Airlines are cutting flights 24h either side of midnight 31 December in response to lower than normal passenger bookings. Overall passenger demand is following a "seasonal pattern", according to scheduled and charter carriers, people are travelling earlier for a longer New Year holiday and want to be at ...
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Sony Trans Com sell-off near
Emma Kelly/SALT LAKE CITYAn unidentified avionics manufacturer, widely believed to be AlliedSignal, is conducting a due diligence review of Sony Trans Com with a view to buying the in-flight entertainment (IFE) supplier from Sony. Sony Trans Com declines to confirm the identity of the suitor, saying only that the company ...
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Rockwell to join audio/video/on-demand club from next year
Rockwell Collins Passenger Systems will test audio/video/on-demand (A/VOD) capability on its Total Entertainment System (TES) with an unidentified airline in the first quarter of next year. Rockwell is the last of the major in-flight entertainment (IFE) hardware suppliers to offer A/VOD functionality, which provides passengers with control over their ...
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European low cost carriers fold as competition hots up
Andrew Doyle/MUNICH Max Kingsley-Jones/LONDON Increasing competition between Europe's low fare airlines has forced two more independent carriers to cease operations. One-year-old Norwegian scheduled airline Color Air has been shut down by its parent company after failing to show signs of turning around its mounting losses, while the UK's ...
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DHL completes British Airways 757 deal
Max Kingsley Jones/LONDON DHL has concluded its long- running negotiations with Boeing and British Airways for the acquisition of a massive fleet of converted Boeing 757 freighters, and will take the first of 44 aircraft in mid-2001. An announcement was expected on 5 October. Discussions between DHL, BA ...