All Strategy articles – Page 1027
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News
Lawsuit fails to stop Northwest purchase of Continental stock
Northwest Airlines has completed its $311 million purchase of 51% of Continental Airlines' voting stock owned by David Bonderman's Air Partners investment house, despite anti-trust objections from the US Justice Department. The transaction will lead to a so-called "virtual merger" of the airlines, linking route networks through codesharing and ...
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BA's CityFlyer buy bolsters Gatwick hub
Max Kingsley-Jones/LONDON CityFlyer Express says that no significant changes will result from the £75 million ($124 million) take-over by its franchise partner, British Airways. The London Gatwick based regional airline has a conditional agreement with BA to purchase the entire company. The deal is subject to formal approval ...
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PAL/Northwest talks cast doubt on Cathay bail-out
Andrzej Jeziorski/MANILA Philippine Airlines (PAL) has thrown into question Cathay Pacific's attempts to acquire a controlling stake in the debt-ridden carrier, by restarting talks with Northwest Airlines. Northwest has previously shown interest in PAL, as has Singapore Airlines, but talks with all other interested parties had been suspended ...
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Alitalia and KLM sign unity
Julian Moxon/AMSTERDAM KLM and Alitalia signed a far reaching "master cooperation agreement" on 27 November, which, although it stops short of equity exchange, commits the two airlines to "uniting as deeply as possible". Alitalia managing director Domenico Cempella warns, however, that the airline, which is still majority government-owned ...
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MD-90 delivery kicks off Aserca's fleet renewal
Aserca Airlines has begun its fleet renewal programme with the delivery of a new Boeing MD-90 and is now finalising plans for additional aircraft. The Venezuelan airline has taken the aircraft on lease from Taiwanese leasing company Hwa-Hsia Leasing, via Caribbean airline Air Aruba, which has also just introduced ...
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Not there yet
Canadian Airlines is falling behind on its recovery plan and still faces a host of serious challenges. Canadian Airlines finally made a profit last year. A tiny net result of only C$5.4 million ($3.5 million)may have looked like a molehill amid the Rocky Mountains that crowd Alberta's western sky. Yet ...
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ROUTES
Aloha flights - Canadian Airlines, in partnership with Air Pacific of Fiji, will begin a three-times weekly service from 7 December between Auckland and Honolulu that will dovetail with Canadian's daily Toronto-Honolulu and Vancouver-Honolulu services. Nonstop Mardi Gras - Air Canada has begun a daily nonstop service between Toronto ...
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Transbrasil reshapes
Transbrasil, which admitted earlier this year that it was the Brazilian carrier most vulnerable to the effects of the country's partial deregulation, has announced a series of changes aimed at regaining the local market share it has lost over the last three years. Founded by Omar Fontana 40 years ...
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SAir's Italian job
The SAir Group has reached an agreement to acquire a 45% equity stake in Italy's charter airline Air Europe. As well as developing Air Europe's international charter operations, the two partners are planning to establish a scheduled domestic network. Source: Airline Business
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private investigations
A new European directive on data protection is threatening to change the rules for airline alliance partners seeking to share customer details. Imagine the global alliance makers as players on a Monopoly board, all lined up at the start and keen to roll the dice. The world's major airlines ...
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Internet pursuit heats up
Two US airlines - Northwest Airlines and Continental Airlines - have brought fresh attention on the Internet as an inexpensive marketing tool by establishing two-tier pricing structures for their heavily discounted Internet air fares. Northwest has been giving travellers a $20 discount if they buy special fares - posted ...
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Pockets of growth
It should come as no surprise that in the USA, much of what can or cannot be done about capacity growth will boil down to politics. In keeping with all of American life, politics weaves its way through all of the major issues: not least the struggle to raise ...
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Gleaming Gardermoen
Can Norway's attractive new hub at Gardermoen carve out an international role in the Scandinavian market? Oslo's futuristic new airport at Gardermoen can probably lay claim to being Europe's last major new opening this side of the millennium. It is undoubtedly a gleaming example of Norwegian architecture, coming complete with ...
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Flourishing in Florida
As Miami's major airport struggles to keep pace with the fastest growth in the USA, its smaller rivals are making a bid for more international service. Growth in Florida is a bit like the sunshine - there's always plenty to go around. No matter which way you slice the ...
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SAA dumps sale guidelines
Widely accepted guidelines for the privatisation of South African Airways (SAA) have been turned on their head by chief executive Coleman Andrews. The South African Government had said that it would sell off 49% of SAA, with 30-35% going to a single foreign partner and the balance finding its ...
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French flotation delayed
The privatisation of Air France may now be delayed until late 1999 as a result of weak market conditions, political opposition and investor fears of further labour troubles. Originally scheduled for summer 1998, the sale of a 20% stake in the company on the Paris bourse has been delayed ...
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Moscow tussle continues
Virgin Atlantic and British Midland are still fighting it out over Moscow route rights. The two rivals are taking their cases for a new London Heathrow to Moscow route back to the UK's Civil Aviation Authority after John Prescott, the UK Secretary of State for Transport, ruled that it had ...
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Continental seeks justice
The US Department of Justice's (DOJ) decision to mount a legal challenge to the proposed purchase of a 14% stake in Continental Airlines by Northwest Airlines throws a question mark over the future shape of the alliance. Continental Airlines insists it will pursue the pact and that the two airlines ...
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Star attracts a galaxy
The Star Alliance will expand to nine full members before the end of 1999, following All Nippon Airlines' (ANA) decision to join. ANA president, Kichisaburo Nomura, says his company will take up full membership at the start of October 1999, following the example of Ansett and Air New Zealand, ...
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Newsline Asia
Mandarin merger - China Airlines has set a June 1999 target date for the merger of its subsidiaries Mandarin Airlines and Formosa Airlines. The merged carrier will retain the Mandarin name, but will focus entirely on domestic services. Garuda shake-up - Debt-ridden Indonesian airline Garuda has appointed a new ...