All Strategy articles – Page 1023
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News
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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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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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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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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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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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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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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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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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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Estonian revival
Western philosophies are about to pay dividends for Estonian Air, which is on the verge of its first operating profit Andrew Chuter/TALLINN Looks are deceiving, I hoped, as the taxi approached the dowdy Soviet-style offices of Estonian Air at Tallinn Airport. I had come to the Estonian capital to report ...
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First from second
Lanchile has been "working to be one of the 10 best airlines in the world," Cueto says. He sets about defining what he means. "When you fly to the Far East you choose an airline - perhaps Singapore Airlines. When people fly to South America we want them to think ...
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Fit to survive
LanChile is determined to flourish in the an unpredictable economic climate that has already claimed two airlines David Learmount/SANTIAGO DE CHILE Latin American airlines are punch drunk. They have been successively hit by precarious home economies, a diving Brazilian currency, the Asia-Pacific economic crisis and a wave of ...
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SITA members say yes to IT separation
SITA members have approved plans to form its information technology businesses into a separate company, raising the prospect of substantial windfalls for airlines when the new entity goes on the stock market. The move has been prompted partly by SITA's success in creating Equant, which provides data services to ...
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Routes
Yugoslavia's JAT resumed some international flights from Belgrade on 25 June. All flights had been suspended since 24 March, when NATO bombing of the country started. By 9 July, JAT expects to be flying to Cyprus, the Czech Republic, Tunisia and China, the airline says. Most of Europe may remain ...
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Delta defers 777s as pilots pay protest proves costly
Delta Air Lines has deferred delivery of its remaining Boeing 777s on order and has decided to sell or lease two already in operation. The airline blames an ongoing dispute with its pilots and cites their failure to accept new pay rates and work rules for the aircraft type. ...
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SAir reacts to Air France/Delta
The official confirmation of Air France's alliance with Delta Air Lines has provoked a sudden burst of activity from the US carrier's existing European partner Swissair. That included the announcement of plans to accelerate moves towards a "merger" with Sabena. Delta and Air France say that their deal, which ...
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Alliances battle over LOT and Malev
Peter Bennett/VIENNA British Airways could be thwarted in its ambitions to buy an equity stake in Poland's LOT and Hungary's Malév, following better offers from Star Alliance and the Qualiflyer Group. British Airways was favourite to take a 38% equity stake in Lot, but relations between the two have deteriorated. ...
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American justice?
Karen Walker/WASHINGTON DC Rather than wait for the Department of Transportation to define the thin line between fair and predatory competition, the Department of Justice has launched a high profile antitrust lawsuit against American Airlines. In this clash of the Titans, who stands to claim victory? If the US Department ...
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News
News Corp pulls Ansett sale
Singapore Airlines (SIA) has been blocked in its attempt to buy half of Australia's Ansett Airlines. News Corporation withdrew its offer to sell its half share in Ansett amid signs that Air New Zealand (ANZ) will use its right to pre-empt its Singaporean partner. The News Corp decision to ...
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Australia eases foreign entry
Canberra has rejected a proposal to give cabotage rights to foreign carriers, but has approved recommendations designed to ease the entry of foreign airlines into Australia. Australia's federal cabinet gave its verdict on proposals to liberalise Australian aviation policy put forward by a government-appointed productivity commission. Qantas and ...