All Strategy articles – Page 990
-
News
Delta buys Comair
Delta Air Lines is buying Comair Holdings, parent of Comair, in a $1.8 billion deal. Comair, based in Cincinnati, Ohio, is a Delta Connection regional carrier which feeds passengers from cities in the midwest and Florida to Delta's hubs in Cincinnati and Orlando. Comair chairman and chief executive David Mueller, ...
-
News
Births, deaths and marriages
Sifting the sands of global alliance networks is quickly becoming an art. Over the next year to 18 months this skill will be tested to the limits as exposed "independent" carriers seek shelter in global alliances. These are interesting times for alliance watchers everywhere. Swissair's long-running Atlantic Excellence alliance ...
-
News
Iberia faces attack as shares go on sale
BARRY CROSS LONDON Iberia's initial public offering is finally going ahead on 22 November, following the resolution of a dispute between 9% shareholder British Airways and major company shareholder Caja Madrid over voting rights. A 53% stake held in the flag carrier by state holding company SEPI will be floated. ...
-
News
Asia stays cautious despite signs of recovery
The latest round of financial results from Asia's airlines show how far the bulk of the region has come over the past year. But faced with continuing depressed yields in many markets, executives across the region feel compelled to warn that a full recovery is still a distant prospect. Carriers ...
-
News
One Chinese merger plan fails, but another takeover is revived
NICHOLAS IONIDES BEIJING Merger talks between Air China and China Southern Airlines have ended in failure but supporters of consolidation in China's bloated airline sector will be pleased with another positive development: two other Chinese carriers have forged a tentative deal. Beijing-based industry sources say China National Aviation (CNAC), ...
-
News
Ansett NZ wins pilot contract battle amid sale talk
New Zealand's second airline has won the struggle with its pilots over a new contract, but it is dogged by reports that it is preparing the airline for sale. Ansett New Zealand and its pilots have been at odds most of this year over a company demand that they ...
-
News
Alitalia plans strategy amid growing competition
Alitalia has announced an upbeat two-year strategic plan, but in the short term it could be in for a bumpy ride. The Italian carrier forecasts a drop in net consolidated profit from 1998's L408 billion ($223 million)to L202 billion this year, blaming declining domestic yields and a rise in ...
-
News
Shanghai opens second airport
With the opening of Pudong in October, Shanghai became China's first city with two international airports. Now the question is how to co-ordinate the two. Under a three-phase plan approved by Beijing, Pudong will boost operations in stages. During its first month, Shanghai Airlines and China Eastern planned to shift ...
-
News
Air Canada's allies prepare rescue bid
DAVID KNIBB SEATTLE A showdown is expected by 8 November on the bid by Onex to acquire Air Canada and merge it with Canadian Airlines. With high stakes for the Star and oneworld alliances, United and Lufthansa Airlines appear ready to intervene on Air Canada's behalf. Onex ...
-
News
Marketplace
Air Canada has received the first of six Rolls-Royce Trent 700-powered Airbus A330-300s. Qatari wet-lease specialist Gulf Falcon Group has arranged to acquire five ex-Japan Airlines Boeing 747s, including two -100s and three -200s, from Itochu Air Lease, for delivery from December. Indigo Aviation has sold two CFM International CFM56-powered ...
-
News
Destination unknown
Replacing its current fleet could be the least complicated issue facing Canadian Regional Airlines as an airline takeover battle looms Paul Seidenman/CALGARY As Air Canada and Canadian Airlines (CAI) face up to each other in what is becoming one of the hardest-fought airline takeover battles in recent years, shock waves ...
-
News
TWA and Delta expand hub feed
Paul Lewis/WASHINGTON DC Trans World Airlines is to launch a regional jet operation as part of an expansion of its feeder service. Another US carrier, Delta Air Lines, has moved to further strengthen its Connection network by acquiring partner airline Comair. TWA plans to have eight 50-seat regional ...
-
News
Delta learns crash lessons with mask deal
Delta Air Lines is to equip all its aircraft with full-face cockpit oxygen masks from BE Aerospace. The move follows a number of fatal fires and comes ahead of an anticipated Federal Aviation Administration ruling on their use. The airline plans to fit the system to all 600 ...
-
News
Helios charters rise in Cyprus
Backed by Cypriot and Swiss investors, a new privately owned charter carrier serving the leisure market will start operations from Larnaca, southern Cyprus, next June. Already licensed by Cyprus, the carrier, Helios Airways, will launch services with a single 170-seat Boeing 737-400 leased from GE Capital Aviation Services. By ...
-
News
British Midland gets ready for Star sign
British Midland (BM) is poised to sign to with Star Alliance after agreeing to a two-week period of exclusive negotiations with Lufthansa. BM has been veering towards one global grouping after another for months. BM says its "proposed agreement" with Lufthansa would see the German major acquire a 20% ...
-
News
Polish LOT goes to highest bidder
SAirGroup has won the battle to take a large minority stake in state owned Polish flag-carrier LOT, dealing a blow to rival bidders British Airways and Lufthansa. SAir is to buy 37.6% of LOT, partially filling the void in eastern Europe caused by the departure of Austrian Airlines from the ...
-
News
SAA targets Nigeria for sub-Saharan alliance
Hilka Birns/CAPE TOWN South African Airways (SAA) aims to become the guiding force in an alliance of sub-Saharan airlines, as it negotiates to acquire a major shareholding in Nigeria Airways. The moves come as the South African carrier prepares to relaunch a competition to upgrade its short- and long-haul ...
-
News
Kenya Airways weighs options for long-haul aircraft renewal
Jens Flottau/NAIROBI Kenya Airways is preparing to undertake a long-haul fleet-renewal programme. The carrier has issued requests for proposals to Airbus and Boeing and to leasing companies. A decision on the new long-haul fleet could be made as early as January. Although the airline's new chairman Richard Nyaga ...
-
News
Airbus sales irk US Congressman
America West Airlines has confirmed a deal for up to 77 Airbus Industrie A320 series aircraft. The move follows a Frontier Airlines letter of intent (LoI) for another 20 jets, rekindling US political criticism of the European manufacturer's growing success in the US market at Boeing's expense. Phoenix-based America ...
-
News
Star leaders seek to repel hostile bid for Air Canada
Paul Lewis/WASHINGTON DC Star Alliance leaders Lufthansa and United Airlines have sought to fend off a hostile bid for partner Air Canada by bankrolling a C$892 ($597 million) counter-offer. Though the deal would also see Canadian Airlines taken over by the flag carrier, the smaller airline would remain a separate ...