All Strategy articles – Page 1001
-
News
SIA/Virgin work out fine print
Chris Jasper/LONDON Singapore Airlines (SIA) and Virgin Atlantic are hammering out the details of their recently agreed deal. Under it, the Asian giant takes a 49% stake in the UK holding company, which owns Virgin Atlantic Airways, Virgin Holidays, Virgin Sun and cargo operation Virgin Aviation Services. The £600 ...
-
News
UPS to fit freighter fleet with satellite navigation systems
United Parcel Service (UPS) is to equip its 229 freighters with next-generation satellite navigation systems using the global positioning system (GPS)-based wide-area augmentation system (WAAS). The equipment will be made by the US express parcels specialist's subsidiary UPS Aviation Technologies (UPSAT). Development of the GPS/WAAS combination is expected ...
-
News
Marketplace
Debis AirFinance has selected the CFM International CFM56 to power 10 of the 30 Airbus A320 family aircraft it has on order. Martinair has taken delivery of a Rolls-Royce RB211-powered Boeing 757-200 on a four-year lease from ING Lease International Management Equipment. Negotiations are under way for a second example. ...
-
News
Routes
America West will begin services from its Phoenix hub to Hartford, Connecticut, in April, using an Airbus A319. British World Airlines has been awarded a five-year contract from Integrated Aviation Consortium to transport oil workers between Aberdeen and Scatsta in the Shetland Islands from April. Up to three British ...
-
News
Meridiana seeks strategic partner after labour deal
Italy's second-largest carrier, Meridiana, has appointed the UK's Lloyds Bank to advise it on seeking a European strategic airline partner. The airline's president Franco Trivi expects a deal to be agreed within six to eight months. Long-established Meridiana had run the risk of losing market share to new rivals, ...
-
News
Air Malta prepares for Europe
GÜNTER ENDRES LONDON Increased tourist traffic, a programme of cost reductions and rationalistion of the fleet and route network have significantly improved Air Malta's financial and operating performance as it prepares to join Europe's aviation market. The Air Malta Group recorded a record turnover in the financial year to ...
-
News
Airports and airlines join forces over ATC delays
GÜNTER ENDRES LONDON The Airports Council International Europe (ACI Europe) and the Association of European Airlines (AEA) have agreed to fight the growing problem of flight delays in Europe, targeting air traffic control (ATC) in particular. The joint resolution comes after the International Air Transport Association (IATA) put forward its ...
-
News
Investors emerge for Ansett New Zealand
News Corporation's efforts to sell Ansett New Zealand may have better luck with a new group of New Zealand investors than it has had over the past 12 years with Qantas Airways. News Corp and Qantas were unable to agree on a price, and there is no assurance the ...
-
News
Virgin moves on Australia
DAVID KNIBB SEATTLE Richard Branson's decision to launch a low-cost domestic Australian airline is the biggest threat yet to the Qantas-Ansett duopoly During a whirlwind tour of Australia, Richard Branson announced that Virgin Australia would start mid-year with five Boeing 737s that could quickly grow. Focusing initially on the busy ...
-
News
A sense of balance
CHRIS TARRY COMMERZBANK IN LONDON The traffic forecasting model developed by Commerzbank and Airline Business highlights the extent to which capacity ran ahead of demand in 1999. But the coming year could bring markets back to balance. If further evidence was needed over the pain that excess seat capacity can ...
-
News
Star wins battle over Canadian future
DAVID KNIBB SEATTLE Star Alliance has won the battle with oneworld for control of Canadian Airlines. Under a deal hammered out between American Airlines parent AMR and Air Canada, American will retain certain codeshare rights, but Canadian will effectively withdraw from oneworld. This ends a five-month see-saw battle in ...
-
News
New Beginning
GÜNTER ENDRES ATHENS With the belated opening up of the Greek market, a clutch of independent operators is starting to mount a serious challenge to flag carrier Olympic Airways Until 1998, Greece had been virtually untouched by the European liberalisation process. Apart from a partial deregulation in 1991, which permitted ...
-
News
Iberia sells Binter to local consortium
BARRY CROSS LONDON Parent state holding company SEPI has given Iberia approval to sell regional subsidiary Binter Canarias to a consortium of local businessmen. The price of Ptas5.5 billion ($35 million), plus Ptas800 million in dividends - the equivalent of 65% of the 1998 profit - is just ...
-
News
In Brief
LOT qualifies for Swiss deal SAirGroup's $33.7 million purchase of a 10% stake in in the Polish flag carrier LOT was officially signed in November. The purchase will be combined with a share issue, increasing SAir's stake to 37.6%. Financial assets from the share issue, equalling close to $150 ...
-
News
In Brief
Asiana offer Asiana Airlines expects to raise 375 billion won ($325 million) through an initial public offering of 50 million shares. Shares were made available early in December ahead of a listing on South Korea's secondary Kosdaq share market at the end of the month. Public and institutional investors ...
-
News
In Brief
US-Italy open skies The US Department of Transportation (D0T) has approved Alitalia's tripartite alliance with KLM and Northwest, paving the way to the signing of a fully fledged open skies bilateral between Italy and the USA. The two countries partially liberalised air traffic last year. Alitalia-Northwest will codeshare on ...
-
News
In Brief
Asiana offer Asiana Airlines expects to raise 375 billion won ($325 million) through an initial public offering of 50 million shares. Shares were made available early in December ahead of a listing on South Korea's secondary Kosdaq share market at the end of the month. Public and institutional investors ...
-
News
Buying Power
KEVIN O'TOOLE & TOM GILL LONDON The global alliances are only just starting to use their combined buying power. Airline analysts are not alone in anxiously awaiting signs of how the global alliances may change the industry's landscape. There are hopes and fears among service providers too over how the ...
-
News
Cargo shapes up for rapid shake up
PETER CONWAY LONDON The year ahead looks likely to see dramatic changes in air cargo, with more and more carriers offering time-definite services, and the old wholesale-retail relationships between airline and forwarder becoming more flexible. Wilhelm Althen, retiring chairman of Lufthansa Cargo, which introduced time-definite services and a programme of ...