All Strategy articles – Page 1021
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News
Mergers
-National Jet Systems (NJS), the Australian regional carrier, has purchased a large minority stake in Ireland's CityJet for a sum estimated at between Ir£4 million ($5.8 million) and Ir£6 million. The holding is understood to be in excess of 40%. CityJet will still look to expand its relationship with Air ...
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Marketplace
-Ansett Australia has confirmed it will lease two Boeing 747-400s from Singapore Airlines, to replace the two 747-300s it leases from the same carrier. The two aircraft will be operated on Ansett's daily services between Sydney and Osaka, returning via Brisbane, and on its five-times weekly Sydney-Hong Kong services. -American ...
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US majors caution despite strong performances
Chris Jasper/LONDON Most of the USA's top 10 airlines showed strong profits in 1998, but there were enough negative indications by the end of the year among the ranks of the major carriers to cause even the best performers to sound a note of caution for 1999. Of ...
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KLM suffers EC Martinair blow as slump bites into profits
Chris Jasper/LONDON European Union competition chiefs have blocked KLM's planned take-over of charter carrier Martinair Holland pending an investigation into the proposed deal. The European Commission (EC) announced the probe on the day that the Dutch flag carrier revealed that it had lost NLG29 million ($15 million) during the last ...
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Airlines taste chips in bid to solve lost baggage problem
British Airways is trying to overcome the problems of lost bags by using radio frequency identity (RFID) baggage labels. Several US airlines may commit themselves to trials with the new system, says the International Air Transport Association (IATA). The "smart" labels have embedded semiconductors (silicon chips) that emit identity ...
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Mesa/CCAir deal moves ahead
The Mesa Air Group expects to complete its $53 million acquisition of Charlotte, North Carolina-based CCAir in May. The two carriers, which have entered into a merger agreement, were linked through the Barlow Investment partnership, which has minority shareholdings in both. The all-stock transaction, announced last August, remains subject ...
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Aeroflot power battle rages, finances probed
Aeroflot Russian International Airlines has sacked two senior managers as part of an ongoing battle for control of the airline. Aeroflot, Russia's leading airline, has also launched an internal audit, which Moscow sources suggest may reveal evidence of financial mismanagement. Commercial director Alexander Krasnenker and his deputy Leonid Itskov ...
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SAir adds loss-making AOM to its portfolio
Julian Moxon/PARIS France's second largest airline, AOM, has become the latest independent carrier to fall to a foreign carrier's expansion plan, with the SAir Group purchasing a 49% stake from Credit Lyonnaise. As Switzerland is not a member of the European Union, a majority holding must remain in France, and ...
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Workshop
-Sabreliner's Dimension Aviation division at Phoenix Goodyear has begun heavy maintenance checks on the first of up to four FedEx McDonnell Douglas DC-10s. Maintenance and modifications will be carried out before the aircraft are converted to freighters. -Air India is reportedly opening up its recently completed R216 million ($5 million) ...
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Marketplace
-US Leasing company Wexford Management has reportedly cut back its Embraer ERJ-145 orders to 10 aircraft and scrapped a letter of intent for another 20 of the smaller ERJ-135s, plus 20 options. The remaining 50-seat aircraft will be placed with its subsidiary US Airways Express Chautauqua Airlines. -Japan Airlines is ...
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The weasel game
Andrzej Jeziorski/TOKYO Japan's dominant Big Three carriers face radical change in domestic and international markets, at a time when the Asia-Pacific region is still wrestling with its economic woes. Japan Airlines (JAL) is the oldest of the three, and the biggest in revenue terms - in fiscal year 1997 (from ...
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Japanese start-up plans for expansion
Andrzej Jeziorski/SINGAPORE Japanese domestic start-up Hokkaido International Airlines, operating as Air Do, plans to boost its capital base by more than 40% as it explores possibilities for expansion. It is also in talks with Japan's other recent arrival in the domestic market, Skymark Airlines, about co-operation. Air Do, ...
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SkyWest pursues expansion plans
Paul Lewis/WASHINGTON DC SkyWest Airlines intends to expand its western US regional network further with its newly announced purchase of 25 Bombardier Canadair Regional Jet (CRJ) 200LRs, while longer-term planning is focused on finding a smaller jet or turboprop replacement for its Embraer EMB-120 Brasilias. "We've grown by 35% over ...
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Routes dispute delays Ugandan privatisation
Michael Wakabi/KAMPALA The privatisation of Uganda's national carrier is being delayed because of problems over landing rights allocated earlier to one of the bidders, under the African Joint Air Services Agreement. Privatisation of the carrier was supposed to have been completed by last November, but the date was ...
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CAL set to decide on merger
Andrzej Jeziorski/SINGAPORE China Airlines (CAL) is poised to announce a decision on the proposed merger of its two subsidiary carriers, Formosa Airlines and Mandarin Airlines. The CAL board is to meet early this month to consider implementing the merger by August, instead of the planned June deadline. The ...
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Snecma closes in on airline maintenance contracts
Snecma's Services division is moving to seal its first maintenance deals with three airlines in the first half of the year. The French engine builder expects to create a series of joint ventures with the carriers to expand its maintenance arm into new markets. The company intends to follow a ...
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Slump leads to cuts in Air Canada fleet
Air Canada is cutting its fleet because of the slowing economy and the expected slump in airline travel. The Montreal-based flag carrier says it plans to retire most of its older aircraft, return a number of leased aircraft and postpone delivery of several new ones. The net effect will ...
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ROUTES
Chicago service - All Nippon Airways is to launch Tokyo-Chicago services on 13 April. The daily non-stop service will be run with Boeing 747-400s, seating 319. It will be the sixth US destination for ANA, after New York, Los Angeles, San Francisco, Washington DC and Honolulu. Round the world ...
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Rescuers ride into PAL
Just as it looked as if it was all over for Philippine Airlines (PAL), a troop of white knights have emerged in the form of former Cathay Pacific Airways executives who have taken up senior management positions in Manila. The four high-level executives started working at PAL in mid-January ...
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Japanese rejig overseas strategies
Most Asian airlines have concentrated on costs to survive the region's doldrums, but Japan's airlines, facing new low cost domestic rivals, are looking at both international costs and revenues in an effort to boost profits. Japan Airlines (JAL) and All Nippon Airways (ANA) have both taken the bold step ...