All Strategy articles – Page 977
-
News
BA and KLM post third-quarter losses
Chris Jasper/LONDON Frits Njio/AMSTERDAM British Airways has announced third quarter results which suggest it is on the way to a big full year loss, although a rise in yields suggests its new premium passenger strategy is paying off. European rival KLM has posted even poorer figures, but unlike BA ...
-
News
Airbus lines up huge MAS order
Andrew Doyle/MUNICH Paul Lewis/WASHINGTON DC Malaysia Airlines (MAS) is in the final stages of negotiations with Airbus Industrie on an order for up to 80 aircraft, including 18 A340-500/600 widebodies and up to 62 examples of the A320 family. Industry sources say the aircraft types have been agreed ...
-
News
Air Foyle plans widebody arm
Chris Jasper/LONDON UK cargo carrier and wet-lease specialist Air Foyle is to revamp its freight business around widebody long-haul operations, using four Boeing 747-200Fs. It plans to lease Boeing 737 Classics as it rethinks its passenger strategy after selling a controlling stake in Ireland's CityJet to Air France. Air Foyle's ...
-
News
Air Canada tackles part of Canadian's debts
Air Canada has restructured part of the C$3.5 billion ($2.4 billion) debt owed by Canadian Airlines, with which it is merging, after reaching agreement with GE Capital Aviation Services. The deal, worth "tens of millions of dollars" according to Air Canada chief executive Robert Milton, covers the lease of a ...
-
News
SIA's Star acceptance gives Thai a codeshare headache
Andrzej Jeziorski/SINGAPORE Thai Airways International is considering quitting the Star Alliance as a result of rival Singapore Airlines' (SIA) entry into the group from April. Thai president Thamnoon Wanglee has reportedly warned that it could lose $10 million a year in codesharing revenues that will have to be ...
-
News
Marketplace
Air Alps Aviation of Innsbruck, Austria, has acquired an ex-PB Air Dornier 328-110 turboprop, in a deal arranged by Aircraft Leasing & Management. The deal boosts Air Alps' (which operates as KLM Alps) fleet of 328s to four. Safair of South Africa has placed two Boeing MD-82s with French carrier ...
-
News
Executives to go in Argentine rescue
Guy Norris/BUENOS AIRES Paul Lews/WASHINGTON DC Aerolineas Argentinas' majority owner SEPI will present a new business plan to the Argentine Government to revive the financially ailing carrier. This follows SEPI's rejection of American Airlines parent AMR's restructuring proposal and the removal of key US national managers. The airline's ...
-
News
China Airlines and EVA emerge from Asia's downturn
Brent Hannon/TAIPEI Taiwan's two largest carriers have reported a financially sound 1999. China Airlines (CAL) pulled out of the Asian downturn and posted a pre-tax profit after making a loss a year earlier, and rival EVA Air turned in healthy net earnings. CAL's $91 million pre-tax profit compares with ...
-
News
Air France hopes for more hub space
Julian Moxon/PARIS Air France is to reap the benefits of the expansion potential at Paris Charles de Gaulle Airport with a new plan by Aéroports de Paris (ADP) to add two new satellites at its terminal 2 hub. While described as "only a study" by ADP, Air France has ...
-
News
Air France/Delta to raid rival groups
Emma Kelly/PARIS and ATLANTA Air France and Delta Air Lines are identifying members of competing alliances to join their unnamed airline grouping, which they aim to unveil in the second quarter. The partners are tight-lipped on potential alliance members following disappointment over their public courting of British Midland ...
-
News
Start-up SolAir signs for 328/728JETs
Andrew Doyle/MUNICH Italian start-up SolAir has become the second announced airline customer for the Fairchild Aerospace 728JET, with a letter of intent for two aircraft, plus two 34-seat 328JETs. The Naples-based carrier plans to begin operations with the two 328JETs from next January, serving Barcelona, Paris, Tirana and ...
-
News
Regional rumba
BRIAN HOMEWOOD RIO DE JANERIO South America's regional scene is shifting rapidly; regional jets, economic upheavals, loosening of government restrictions and the scramble to secure partnerships with major carriers are all having an impact. The idea of travelling on a regional airline in South America usually evokes thoughts of ...
-
News
people...
people ++ Evergreen International Aviation has named Joseph O'Gorman president and chief executive (CEO). He joins after retiring as CEO of Reno Air upon its sale to American Airlines. Timothy Wahlberg becomes chairman of Evergreen, the activities of which include helicopter charters, a cargo airline and aircraft leases. He succeeds ...
-
News
Reform minded
NICHOLAS IONIDES TOKYO Kichisaburo Nomura's appointment as ANA president surprised many observers two years ago and the shocks have continued as he has reshaped Asia's largest passenger carrier. It is probably an understatement to say that Kichisaburo Nomura has surprised observers since his appointment over two years ago as president ...
-
News
Meridiana sell-off may spark scramble
Andy Nativi/GENOA Italian regional Meridiana, the country's second largest carrier, is up for sale following a decision by the Aga Khan to dispose of his 79% holding. A sale had been under consideration for several years, although initially only a small stake was to be offered. Several European ...
-
News
KLM uk sets off for low-cost growth
COLIN BAKER LONDON KLM uk has joined the low-fare club as its new buzz brand took to the air in January. It backs predictions that low-cost traffic will triple in the next four years. Floris van Pallandt, KLM uk's chief executive, dismisses suggestions that the London Stansted-based carrier has been ...
-
News
In the right direction
The virtuous trend towards capacity constraint with which the industry ended last year appear to be holding steady. Kevin O'Toole and Chris Tarry of Commerzbank look for early signs. A couple of months into the new decade and it seems that the industry's resolve is holding. Towards the end ...
-
News
Virgin deal raises doubts over SIA's role within Star
DAVID KNIBB SEATTLE Sir Richard Branson, newly knighted in the UK's millennial honours list, calls the deal between his Virgin Atlantic group and Singapore Airlines (SIA) a "marriage made in heaven", but Star alliance members in Australasia are having heartburn over its implications. The codeshare access that SIA gains ...
-
News
Finding a new deal
Airline Business looks at the state of finance markets as carriers continue to find innovative ways to keep aircraft liabilities off the balance sheet. A new survey also covers the world's major operating lease companies, including a ranking of the Top 40 groups by fleet value. JACK SELLSBY ...
-
News
Crystal joins list of US hopefuls
KAREN WALKER WASHINGTON DC Following a dearth of activity in the late 1990s, the US start-up scene is off to a flying start in the new millennium. The latest entrant is Tampa, Florida-based Crystal Airways, which intends to launch a low-fare, all-business-class service in the first quarter of this ...