All Strategy articles – Page 1058
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News
British Midland applies for transatlantic routes
David Learmount/LONDON British Midland (BM) has filed bids to launch a series of transatlantic services from London Heathrow, starting what it says will be a market development programme lasting between five and seven years. The carrier says that it has made its move in anticipation of a UK/US "open ...
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Marketplace
-Pearljet of Australia has purchased a second British Aerospace Jetstream 41 from BAe Asset Management - Turboprops (AMT), to be based at Brisbane. -O'Connor Airlines of Mount Gambier, Australia, has become the first customer in the Asia- Pacific region for the British Aerospace Jetstream 32EP enhanced performance aircraft, leasing two ...
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Fairchild Dornier examines 728JET partners
Principal risk-sharing partners in Fairchild Dornier's proposed new 728JET family of regional aircraft should be known by the end of the month. The main design configuration is expected to be frozen by May. The company's regional and business aircraft president Earl Robinson says that a total of 17 competing ...
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Pan Am suspends airline operation
Pan American World Airways filed for Chapter 11 bankruptcy protection on 26 February and "temporarily" ceased operations while the parent company seeks debtor-in-possession financing. The company is in default on aircraft lease payments of around $4 million and failed to make a $3.3 million security payment to Airline Reporting, which ...
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Fairchild Dornier examines 728JET partners
From Flight International Principal risk-sharing partners in Fairchild Dornier's proposed new 728JET family of regional aircraft should be known by the end of the month. The main design configuration is expected to be frozen by May. The company's regional and business aircraft president Earl Robinson says that a total ...
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AirTran aims for 'fresh start' after making heavy losses
US low fare airline AirTran says that it is "positioned for a turn-around", despite posting heavy losses for last year. The former ValuJet has reported a net loss for 1997 of $96.7 million, more than double its 1996 loss, on operating revenues that fell slightly, to $211.5 million. One-time ...
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Eastern premise
The abiding lesson from the recent Singapore air show is not the magnitude or nature of the present economic unrest in the Asia-Pacific region, but the vulnerability of the aerospace community in the region to such a crisis. Much as time and effort needs to be expended in countering the ...
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Asians sign up for Trent work
A memorandum of understanding for a proposed joint venture to undertake Trent engine overhaul and maintenance in Asia- Pacific has been signed by Rolls-Royce, Singapore Airlines Engineering (SIAEC) and Hong Kong Aero Engines Services (HAESL). HAESL, a joint venture between R-R and Hong Kong Aircraft Engineering, is the only ...
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France will retain majority stake in Air France
Julian Moxon/PARIS The French Government has opted for a progressive reduction in its 94% stake in Air France, but will retain a 53% stake in the carrier, leaving it as one of the last in Western Europe to remain state controlled. The move, which comes as Air France ...
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AIA 98 WINNER:AMECO-Beijing (Maintenance & Modification)
AMECO-Beijing took its first important steps into the international market for heavy aircraft maintenance in 1997, showing how far the Chinese joint venture has come over the past eight years. AMECO was set up at Beijing's Capital Airport in 1989 as a joint venture between Air China and Lufthansa, ...
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BA set to Go
British Airways has named its new low-cost airline subsidiary 'Go'. It will be launched in May from London/Stansted. Source: Airline Business
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Appointments
Federal Express has promoted David J Bronczek to executive vice president and chief operating officer and Tracy G Schmidt to senior vice president and chief financial officer. Karen M Claybourne has been appointed senior vice president and general counsel; Bob Elliott is now senior vice president of the Europe Middle ...
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MetroJet set to propel US
US Airways' new airline, MetroJet, will throw down the gauntlet to the US champion of low-costs, Southwest Airlines, when it launches operations out of Baltimore-Washington on 1 June 1998. Details of US Airways' low-cost competitive response hold no surprises, according to analysts. By launching a service out of Baltimore ...
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Looking peaky
In its third straight year of profit, the airline industry broke all records last year. But some Asians are suffering and tougher times may be ahead. Richard Whitaker reports. It's early days yet and many carriers have not yet reported full-year financial results for 1997, but it is clear that ...
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Kiwi quests
Air New Zealand sees its future in a global alliance but has yet to gain access to the Star Alliance. Meanwhile the carrier still needs to overcome major challenges close to home. David Knibb reports from Auckland. Air New ZealandThey say events often happen in threes - all the more ...
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Latin race heats up
Even before the American-Tacapact gets final approval, it is sparking a flurry of competitive reactions from other UScarriers, set on improving their own Latin American positions. The US Department of Transportation's tentative approval of the American-Tacadeal last December has pushed Continental Airlines to apply to fly to six Central ...
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And then there were four . . .
The latest 'virtual merger' means four airlines have 70 per cent of the US market. The airline alliance dance has moved into a new phase with the announcement of the virtual merger between Northwest Airlines and Continental Airlines. The entire industry is still trying to digest the implications of this ...
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Mesa faces tough times
A new board of directors at Mesa Air Group is flexing its muscles in a bid to respond to challenges facing the carrier. The airline's new board includes Virgin Express chief executive officer Jonathan Ornstein and Virgin Express director, James Swigart. Larry Risley and his wife, both co-founders of ...
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Labour strife hits Europe
Cancellations are set to continue at Olympic Airlines if the question of staff shortages is not resolved, while labour strife is also plaguing Virgin Express. Olympic's unions are demanding that the airline reinstate the 64 seasonal flight attendants it fired in February. At presstime, the airline was forced to ...
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Delta toys with TWA tie
A proposed codeshare by Delta Air Lines and Trans World Airlines on US-Japan routes is sparking speculation of the start of a stronger relationship between the two. Earlier in February, Delta's plans for a merger with Continental Airlines were thwarted when Continental opted instead for an alliance with Northwest ...