All Strategy news – Page 993
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News
Delta, SIA and Swissair sever equity ties
Andrzej Jeziorski/SINGAPORE Delta Air Lines and Swissair are unravelling their remaining ties with Singapore Airlines (SIA), as the Asian carrier moves closer to entry into the Star Alliance. The Swiss and US airlines have sold their equity in SIA, which has in turn offloaded its shareholdings in the ...
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Labouring in Europe
TOM GILL LONDON Industrial relations appear to have improved and European workers are becoming more efficient. But will the changes be far-reaching enough to enable airlines to cope with cyclical downturn? The British Airline Pilots Association(BALPA) describes itself as "serene". The UK white-collar union MSF says it is ...
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New challenge to charter
European low-cost scheduled operators have begun to make small inroads into traditional charter markets. But, despite some aggressive noises, they have some way to go before posing a serious threat. Europe's low-cost carriers may continue to grab the headlines, but one sector remains resolutely unimpressed. The traditional charter airlines ...
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Olympic work just begun
LOIS JONES LONDON Olympic Airwarys appears to be making financial gains by attacking costs, but a major restructuring effort still faces the Greek carrier's new management team. The Greek Government tendered the management of Olympic to British Airways consulting subsidiary Speedwing, with a view to making it more ...
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UK charter airlines growing urge to merge
Consolidation is speeding up in the UK leisure market as charter carriers Flying Colours and Caledonian Airways merge to form a vertically integrated airline, JMC Airlines. The creation of JMC Airlines follows the merger of parent companies, Thomas Cook and Carlson. Over the next five years, JMC will ...
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Iberia prepares to float
The delayed flotation of a 54% stake in Iberia will start in the last week of November, according to the Spanish flag-carrier's chief executive, Angel Mullor. The initial public offering (IPO) should raise Ptas300 billion ($2 billion) for Iberia's parent, the state-owned holding group Sepi. The sale marks the ...
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The Airport Awards
The aviation industry is hardly short of awards events, but the Airport Awards can perhaps claim to be different. Uniquely, these awards aim to recognise the success of airports in developing and implementing marketing strategies - not just for the benefit of passengers and profits, but in partnership with the ...
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Delta pilots talk tough
KAREN WALKER WASHINGTON DC Delta Air Line pilots have thrown down the gauntlet to airline management and demanded formal negotiations in one of the most important US contract negotiations of the year. But a swift response by management has already led to a tentative agreement In addition to ...
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Canadians spar over single airline
DAVID KNIBB SEATTLE October will be a decisive month in Canada as its airline industry struggles to define its future. Only one major carrier is likely to survive, but fundamental questions must be settled before a 10 November deadline about who will own and control the airline. ...
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Cintra's chief faces challenge
DAVID KNIBB SEATTLE Jaime Corredor Esnaola, the new head of Cintra, takes over the holding company for Aeromexico and Mexicana Airlines at a challenging time. After replacing Ernesto Martens, who retired at the end of August, one of his first moves was to announce that Mexico's federal ...
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Austrian Airlines joins Star Alliance
PETER BENNETT VIENNA Austrian Airlines' joint chief executives Herbert Bammer and Mario Rehulka, finally forwent a deal Air France and Delta Air Lines to join the Star Alliance. However, there is a lingering doubt whether Austrian's application to gain new anti-trust immunity with United Airlines will be approved and, ...
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SAA/Sun Air deal seems doomed to fail
ROGER MAKINGS JOHANNESBURG A bid by South African Airways to acquire a controlling stake in domestic rival Sun Air looks set to end in failure. The government is expected to refer the proposed deal back to the shareholders. In August, SAA announced that it had secured a ...
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Vanuatu faces barriers to privatisation
The decision by Vanuatu to prepare its flag carrier for privatisation is likely to hit some of the same snags experienced elsewhere in the Pacific Islands. Vanuatu, located 2,000km east of Australia, decided to sell 49% of Air Vanuatu to an international airline, following a recommendation from New Zealand ...
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Recovery route
NICHOLAS IONIDES MELBOURNE Ansett's chief executive has made a running start at turning the airline's finances around and inserting it into a global alliance. But there is still plenty of work to do. "When I arrived at Ansett we had what I have described as a Noah's ...
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A question of scale
KEVIN O'TOOLE Conventional wisdom has held back outsourcing of heavy maintenance, but as it starts to be challenged, only as few as a dozen airlines may emerge able to justify keeping work captive, argues IPG Consulting. On paper the equation looks perfect. On one side, airline boardrooms are keen ...
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Probing the costs
JACK SELLSBY LONDON IATA's upgraded maintenance accounting system offers cost transparency and gives participating airlines the best chance yet to benchmark globally Establishing the true cost of maintenance has never been a straightforward affair, even within the most sophisticated of airlines. Attempts to make meaningful comparisons between different ...
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Uneasy alliances
The global alliances have often looked more like mutually-beneficial truces between competitors than genuine joint . The Austrian Airlines move to Star seems to confirm that partners still value their independence. News that Austrian Airlines had chosen to forego its long-term partners for the bright lights of Star has ...
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Is Asia close to a turning point?
Asia's economic woes authored much of the over-capacity appearing on the North Atlantic. Chris Tarry of Commerzbank looks for sings of recovery Over the last few months much attention has been focussed on the current blood bath taking place on the North Atlantic. The conclusion very early on from ...
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EC shifts competition scrutiny to European alliances
ALAN GEORGE BRUSSELS After a lengthy period spent focusing on European-US aviation alliances, the European Commission's competition authorities plan to devote more effort to intra-European alliances. The intra-EU focus follows the EC's setting of conditions on the recent Alitalia/KLM alliance. The Commission ruled that the airlines should reduce frequencies ...
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UK cargo carriers pin hopes on Europe
PETER CONWAY LONDON UK cargo airlines angry at a controversial government decision that grants new rights to US operators, hope to generate the consensus needed by the European Commission to negotiate broader cargo rights with the USA. In August, the UK Government granted fifth freedom rights out of ...