All Strategy articles – Page 1083
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News
Marketplace
++ Icelandair has signed an agreement with eight financial institutions for the provision of $100 million loan, arranged by HSBC Investment Bank Asia and Landesbank Kiel, to finance two Boeing 757-200s due for delivery in January 1998, and April 1999. ++ The Florida based Aviation Management Support has acquired ten ...
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MHS to cut its Cambodian ties
Paul Lewis/SINGAPORE Malaysian Helicopters Services (MHS) looks set to pull out of its joint venture with Royal Air Cambodge (RAC), following the new Cambodian Government's decision to establish a joint venture airline with Thailand and open international air services. The Cambodian Government has signed a memorandum ...
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BA considers move in low-fare market
Max Kingsley-Jones/LONDON British Airways is studying a move which could see it proceed in the low-fare market against new "no-frills" rivals such as easyJet and Debonair. The airline, which is already seeking to cut costs by £1 billion ($1.7 billion) over the next three years, has ...
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Thai consortium searches for investors to make Angel fly
A Thai consortium recently selected to establish Thailand's second national carrier is looking for foreign investors to take an equity stake in the planned start-up operation, to be named Angel Airlines. JVK Holdings says that it is in discussions with potential overseas investors, including foreign airlines. It admits, ...
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EC sets out rules for BA and American alliance
Julian Moxon/Paris The European Commission (EC) competition directorate has laid out its position on granting approval to the planned alliance between American Airlines and British Airways. The paper, in which the EC outlines a series of problems it has with the alliance, repeats the call for ...
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US Airways makes new offer to pilots
US AIRWAYS has made a new contract offer to pilots who are suing the US carrier over tactics used during fruitless bargaining over cost-cutting measures. The airline claims that the proposal would provide pilots with job security while enhancing growth in operations which keep pace with rival airlines. ...
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New US taxes may take a toll on airline boom
Kevin O'Toole/LONDON US airlines could be hit with extra taxes of almost $4 billion over the next five years under recommendations from the US Congressional committee set up to establish an alternative to the 10%federal ticket tax. The recommendation, which is expected to become law from ...
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Air UK considers options in fleet-expansion strategy
Max Kingsley-Jones/LONDON Air UK expects to finalise its fleet-expansion strategy in the coming months in a move which could see the airline selecting a new 60- to 80-seat aircraft to slot in between its 50-seat Fokker 50s and 99-seat Fokker 100s. Philip Chapman, Air UK's director ...
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LHTEC focuses on CTP800 design
Guy Norris/Indianapolis US engine manufacturers AlliedSignal and Allison are completing final-design work on the CTP800 turboprop for the Ayres LM200 Loadmaster freighter, following selection of a Hamilton Standard propeller system. The Loadmaster will be powered by twin CTP800s, a turboprop version of the T800 turboshaft, developed ...
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Airbus lands first A340-500/600 deals
Max Kingsley-Jones/London Airbus has taken an important step towards a full programme launch for the A340-500/600 growth versions by securing commitments from two major airlines for the aircraft. Air Canada plans to take the types as part of a major A330/A340 deal, while Virgin Atlantic aims to become ...
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Suppliers
British Midland has chosen International Aero Engines' V2500 engine to power its 12 A320s and eight A321s. Airbus has chosen the Rolls-Royce Trent 500 engine to power the A340-500/600. Cathay Pacific Airways has appointed the Sabre Group and IBMas its preferred ITsuppliers for 10 years. ...
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Appointments
All Nippon Airways has named Kichisaburo Nomura as president and chief executive officer and Ryogo Inoue and Hiroshi Sakabe as senior executive vice presidents. Aéropostale has nominated Jean-Marie Mariani as CEO. Daan Meyer will become executive vice president of KLMEngineering and Maintenance, and Max Rens is ...
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Shifting sands
European carriers have taken the lead across the North Atlantic, and major airports like Detroit, Heathrow and Amsterdam have emerged as the clear winners. April Pearson examines the latest data on the US-Europe market. Newly released International Onboard traffic data demonstrates how much the most competitive airline market in the ...
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Power to the plans
As the major alliance partners strengthen the ties between their frequent flyer programmes, the combined power of FFPs to influence the all-important business class traveller has made frequent flyer plans more important to global alliances than codesharing. Report by Jackie Gallacher. 'It is the glue to hold the alliance together.' ...
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US starts up merge mania
Low-fare, low-cost startups on both the east and west coasts of the US are seeking critical mass through mergers in their struggle for survival. On the east coast, ValuJet's mid-July merger with Airways Corporation allows the Atlanta-based airline to obtain critical mass without technically infringing the growth restrictions ...
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Virgin leaves Sun's orbit
In a surprise move, Virgin Atlantic Airways has opted out of the bidding for a stake in its current South African partner Sun Air, and has set its sights on the biggest fish of all, South African Airways. Virgin's withdrawal from the sale of state-owned Sun Air means ...
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Jakarta trio seek remedy
Indonesia's financially battered airlines are taking extraordinary measures in their bids to turn around their performance, including the end to most domestic competition. Privately owned Sempati Air, with debts of more than US$300 million, has given up competing with national flag carrier Garuda Indonesia Airways and entered an ...
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Qatar plans Gulf shuttle
Qatar Airways plans to introduce the first intra-Gulf 'shuttle' service as part of the airline's ambitious relaunch. Qatar intends to launch a minimum of four daily turboprop services from Doha to Dubai and Abu Dhabi by the end of 1998. If successful, Qatar will extend the 'shuttle' concept ...