All Strategy articles – Page 1169
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Chinese drop guarantees
Air China has made history as the first Chinese airline to finance most of a new aircraft purchase without a bank guarantee. But the chances that others will soon follow suit have diminished with a recent rating downgrade for non-sovereign Chinese debt. Pressure has been mounting on China's ...
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Cathay HK role threat
The future of Hong Kong's Cathay Pacific looks increasingly uncertain as it attempts to fathom the motives behind a China National Aviation Corporation (CNAC) application for an air operator's certificate in the territory, in a move to set up a Chinese-controlled, Hong Kong-based international airline to compete with Cathay. ...
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Swissair set to buy way in
Swissair is not often accused of acting in haste. But the manner in which it is has approached buying a 49.5 per cent stake in Sabena smacks of desperation, brought on by its exclusion from the single European aviation market. European Commission approval for the deal appears little ...
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JAL: cancel US bilateral
Japan Airlines has fired the opening shot in expected Japan-US aviation talks by calling for cancellation of the existing bilateral so that both sides can start with a clean slate. With talks imminent, JAL is signalling its determination to urge a harder line that is consistent with Tokyo's growing resistance ...
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Lessors bid to save FSCs
US cross-border tax leases involving foreign sales corporations (FSCs) appear to have been dealt a fatal blow by a recent US Internal Revenue Service ruling that eliminates accelerated depreciation mechanisms. But sources indicate US lessors are still looking at ways around the ruling, despite some estimates of a ...
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Bells ring in the changes
Time will tell whether the three recently announced major alliances are merely marriages of convenience or opportunities for long-term harmony and success. The wedding bells are ringing again. If successful, this month's three major new airline alliances will all change the balance of power in their respective markets. But ...
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Air NZ to take Ansett
News Corporation's Rupert Murdoch has agreed to sell his 50 per cent share in Ansett Australia to Air New Zealand for around A$500 million (US$365 million). But an announcement was delayed as Air NZ and its controlling shareholder Brierley Investments continued tough negotiations with the other Ansett shareholder, TNT, over ...
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Aloha
Mickey Cohen has been named senior vice-president of operations for Aloha Airlines of Hawaii. He was formerly vice-president of line maintenance for USAir and has also held positions with Pacific Southwest, Dalfort Aviation and Northrop. Randal Okita becomes director for internal audit. Okita, previously with Ikeda & Wong CPA, has ...
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Thai/SAS tie up
Scandinavian Airlines System (SAS) and Thai Airways International are to expand co-operation to include code-sharing and timetable co-ordination. This latest agreement follows SAS forming a strategic alliance with Lufthansa, which already has a similar tie-up deal with Thai. Source: Flight International
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Lufthansa and SAA in tie-up
Lufthansa and South African Airways (SAA) have agreed on an alliance to co-ordinate flight schedules and examine extending the co-operation to ground handling and, possibly, aircraft overhaul and acquisition. The deal, expected to come into effect early in 1996, ends speculation that SAA and British Airways were about ...
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Maintenance-subsidies inquiry starts at EC
THE EUROPEAN Commission (EC) has launched an investigation into illegal state subsidies to Germany's Lemwerder airliner-maintenance operation. It has also promised a second inquiry to look at the Irish Government cash due to be injected into the troubled Shannon Aerospace venture. The Lemwerder aid dates back to 1993, ...
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Avro introduces maintenance and refurbishment services
Avro International, the British Aerospace regional-jets subsidiary, has begun offering maintenance and refurbishment services through its flight-test department at Woodford, UK. Under the Avrotec name, the company will initially offer support for the BAe146/Avro RJ series, but in the future it intends to extend its work to cover ...
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BA profits soar but its alliances falter
Kevin O'Toole/LONDON BRITISH AIRWAYS HAS once more cruised to a record set of results, helped by a mix of premium-passenger growth and cost-cutting. The performance was marred only by continuing problems at alliance partners TAT and USAir. Group pre-tax profits were at a new high of ...
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Change of mood
SAS president Jan Stenberg has brought a new realism to the airline Kirean Daly/LONDON Even in the difficult days of the early 1990s, few airlines saw their fortunes tumble quite so rapidly as did Scandinavian Airlines System (SAS). Under the leadership of Jan Carlzon, the tri-national carrier ...
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Challenging Germany's Goliath
In three years, Deutsche BA has become the second-biggest German scheduled carrier. Andrzej Jeziorski/MUNICH Not quite three years since its launch, Deutsche BA is firmly established as Germany's second-biggest scheduled carrier, behind the formidable Lufthansa. It has achieved this by maintaining a steady ...
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Business Express expands at Logan
BUSINESS EXPRESS Airlines has announced a major expansion which includes a 100% increase in gate and ramp space at primary hub Logan Airport, Boston. The airline has leased space at six gates from Massport, the airport's governing agency, allowing it to operate more than 80% of its 158 ...
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R-R makes last-gasp bid for KAL contract
ROLLS-ROYCE HAS made a last-minute bid to secure a contract from Korean Air (KAL) to supply Trent 800 engines for eight Boeing 777s the airline has on order. KAL had swung toward the Pratt & Whitney PW4000 as the already extended decision deadline of 15 May approached. ...
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Northwest seeks deals to ease Asian worries
Paul Lewis/Tokyo NORTHWEST AIRLINES is working to strengthen its Japanese-based hub operation through new co-operation agreements with Asian carriers, as local criticism intensifies of US airline industry fifth-freedom rights in the region. The airline is looking to develop a strategic relationship with at least one ...
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US airlines hold profit course
Kevin O'Toole/LONDON US AIRLINES continued their long haul back into profit during the first quarter, although news that Trans World Airlines is heading back into Chapter 11 bankruptcy protection sounds a warning note that the restructuring is not yet over. TWA says that it has ...