All Strategy articles – Page 1003
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News
US firm develops Jetstream cargo conversion
US cargo specialist Murray Aviation is carrying out the first cargo conversion of a British Aerospace Jetstream 31 (J31), and is aiming to secure a supplemental type certificate early next year. The Detroit-based company has bought a 13-year-old ex-US Airways Express J31, which is undergoing conversion at its base. ...
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FLSA plans strategic US buy
Chris Jasper/DUBLIN Maintenance specialist FLS Aerospace (FLSA) plans a US purchase by the end of this year as part of a strategy that could see it rival Aviation Sales as the world's largest third-party-only aircraft overhaul provider. The Copenhagen-based company, a division of diversified Danish conglomerate FLS Industries, says ...
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Israelis take stake in Balkan Bulgarian
Knafaim-Arkia, holding company of privately owned Arkia Israeli Airlines, and the Zeevi investment group have together taken a 75% stake in Balkan Bulgarian Airlines for a bargain price of $150,000 - but have also agreed to invest $100 million in restructuring the airline over the next 10 years. Knafaim-Arkia ...
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UPS buys cargo carrier in drive for Latin America
United Parcel Service (UPS) aims to improve its position in the Latin American market with the purchase of Challenge Air Cargo (CAC), a freight-only carrier flying to 17 cities in that region from Miami and Dallas. CAC founder and president Bill Spohrer says the deal includes the acquisition of ...
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Airports
Little Cayman Island in the Caribbean will be able to take larger aircraft from next year after the completion of a new 1,220m (4,000ft) runway. The Cayman Ministry of Transportation recently approved the development and expects to pick a contractor in time for work to begin late this year, to ...
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Beijing may force merger of Air China and China Southern
Andrzej Jeziorski/SINGAPORE The Chinese Government is considering a forced merger between flag carrier Air China and China Southern Airlines, the country's biggest airline. Industry sources in Beijing, Hong Kong and Shanghai say such a proposal is under study, but that many obstacles - including the airlines' own reluctance - ...
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Eurowings aims to finance new regional aircraft with flotation
Andrew Doyle/NUREMBERG Eurowings is reining in capacity to bolster its bottom line ahead of an initial public offering (IPO),aimed at helping finance a $1 billion fleet renewal. The carrier could order up to 40 new regional jets before the end of the year. Dortmund-based Eurowings is to replace most of ...
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Start-ups look to profit from AeroPeru gap
Two foreign-backed Peruvian start-up airlines are preparing to fill the domestic and international void left by AeroPeru, as time runs out to rescue the bankrupt national carrier. Chilean-backed LanPeru aimed to start scheduled services on 5 July and will be joined shortly by Central American-supported TransAm. The carriers have ...
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Aeroflot continues down recovery road with profit
Paul Duffy/MOSCOW Aeroflot Russian International Airlines says it is recovering from the consequences of last year's economic slide and continues to pay off its debts, including $170 million a year in lease fees on 25 Western airliners. Chief executive Valery Okulov admits that the airline was in danger of ...
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surfing for value
Nancy Schwartz and Michael Zea at Mercer Management Consulting in Washington DC Many airlines have begun using the Internet to market and distribute their products, but few have yet made a success of the medium. Internet-related market value has exploded over the past few years, especially in the USA, so ...
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A touch of Swiss prudence
Jackie Gallacher/BRUSSELS Sabena is back in profit and experiencing one of the fastest growth rates in the industry. But under Swiss chief executive, Paul Reutlinger, there has been little fanfare surrounding the transformation. For a man who has just steered a foundering european flag carrier back to profits, Sabena's Paul ...
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USA and UK revisit open skies talks
Talks on a new US-UK liberalised aviation bilateral agreement are due to resume at the start of July, but the hosts in Washington DC remain cautious about the likely outcome of this latest round. Talks were set to restart in mid-June but were cancelled by the UK Government, which said ...
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Mexicana to be 'Starlet'
David knibb/ SEATTLE Mexicana is due to launch a new tier of membership within the Star Alliance if, as expected, it signs up as a member of the global grouping this month. According to sources within Star, while the Mexican carrier will behave externally as any other partner, internally ...
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Lack of interest stalls sell-offs
Despite renewed efforts at privatisation, airline sell-offs in the eastern Europe continue to be dogged by a lack of political will and scant interest from Western foreign investors. The Romanian Government is to begin searching for investors to buy a majority stake in its national carrier Tarom. ...
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WestJet plans to go public
WestJet, Canada's only successful start-up airline, plans to raise capital and broaden its ownership base with an initial public offering (IPO). The Calgary-based carrier has lodged its draft prospectus with securities commissions in each of Canada's provinces and hopes to launch its IPO in the next few months. ...
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Lufthansa links may help ease PAL's problems
Two Lufthansa units are in talks with Philippine Airlines (PAL) on business tie-ups as the troubled Asian flag carrier continues the battle to rehabilitate itself. Lufthansa chairman Jürgen Weber says Lufthansa Technik has "intensified" talks with PAL on a possible investment in its engineering operation at the carrier's ...
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Flying out of control
After years of restraint, carriers in Europe appear once more to be raising capacity faster than underlying demand. Yields have already come under pressure and the leading industry indicators being monitored by Airline Business and Commerzbank suggest that there could be worse to come. Last year it seemed that the ...
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Circling the globe
Jackie Gallacher Antitrust immunity has allowed many of the global alliances to pursue schedule co-ordination and joint pricing initiatives. But as the "customer-driven" oneworld hopes to prove, there is still plenty alliances can do without it. There are no prizes for identifying the main landmark in airline strategy over ...
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The tie that binds
The game is far from over for the global airline grouping, as Delta's deal with Air France demonstrates. But if there is more realignment to come, the SAirGroup is putting its trust in old-fashioned equity. The course of love never did run smooth. Neither, it seems, do the course ...
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Cathay narrowly averts pilots strike
Nicholas Ionides ATI/SINGAPORE Cathay Pacific Airways narrowly avoided an all-out pilots' strike early in June by reaching an eleventh-hour agreement with cockpit crew on forced wage cuts. Cathay Pacific is widely seen as having won its longstanding dispute with cockpit crew over new contract terms, after narrowly averting an all-out ...