Strategy – Page 1081
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Boeing targets Delta for stretched 767
Paul Lewis and Guy Norris/SEATTLE Boeing is close to launching the stretched 767-400ERX on the back of an anticipated order from Delta Airlines for a complete fleet of passenger aircraft. Interest in the 767 derivative has been revived after years of inactivity, during which time ...
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MD-95 begins to take shape
McDonnell Douglas has re-affirmed its commitment to the MD-95 regional twinjet as the nose section for the first aircraft was delivered to its Long Beach assembly site on 12 December. Despite having received no new business since it was launched more than a year ago with an order ...
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Continental
Continental Airlines has appointed executive vice-presidents and senior vice-presidents. Executive vice-presidents are: Ben Baldanza, marketing; Lawrence Kellner, chief financial officer; C D McLean, operations; and Jeffery Smisek, general counsel. Senior vice-presidents are: Bonnie Reitz; Janet Wejman; David Grizzle; George Mason; and Kuniaki "Jun" Tsuruta. Source: Flight International
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KLM agrees to buy back Government stake
KLM has agreed to buy back a further part of the Dutch Government's shareholding in the airline, which will reduce the state's stake in its national carrier down to 25%. The cost of the share deal is expected to run to around DFl1 billion ($590 million), which KLM ...
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Qatar Airways decides on strategy for growth
Qatar Airways, fresh from a series of top management appointments, says that it will finalise its new long-term strategy after a board meeting in January, with the aim to "triple the size of the airline" by the end of 1997. The moves follows the appointment of Akbar ...
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Coming of age
The Orient Airline Association, after years of relative silence, has now found its voice. Oriental airlines are finding strength in unity Paul Lewis/BRISBANE The Orient Airline Association (OAA) has been in existence for some 40 years, but only in the past 24 months has it ...
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Delta, Continental consider merger options
Delta Air Lines and Continental Airlines are refusing to comment on widely publicised reports that they are negotiating a possible merger that would create the largest airline in the world. The talks, reportedly initiated by Continental several months ago, are at an early stage, and lesser options are ...
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Reforming Liberte
TAT president Marc Rochet prepares to lead British Airways' challenge in France. Julian Moxon/PARIS By the beginning of 1997, Marc Rochet, president since August of British Airways French subsidiary TAT, is likely to find himself president of the largest privately owned airline grouping in France. He is ...
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Airbus and Boeing vie to modernise Indian Airlines
State-owned Indian Airlines has take the first step towards a massive overhaul of its fleet by informing manufacturers in late November that it is to replace its ageing fleet of Boeing 737-200 and A300B2/B4s. The 15 737s are operated by the recently created Indian Airlines subsidiary, Alliance ...
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Cathay Pacific
Martin Cubbon has been appointed general manager for corporate finance at Cathay Pacific Airways. He is now finance manager at Swire Pacific. He succeeds Kenny Tang, who will become chief operating officer at Air Hong Kong, which is 75% owned by Cathay. Source: Flight International
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Singapore Air
Moses Lee Kim Poo, permanent secretary (Ministry of Labour) has been appointed an additional director to the Singapore Airlines board. Source: Flight International
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KLM share sale?
Dutch national carrier KLM confirms that it is holding "exploratory talks" with the Netherlands Government over the sale of part of the state's 38.2% stake in the group. Although KLM is struggling to contain costs, which has put pressure on its share price, the group points to the underlying strength ...
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Dragonair
Dragonair has appointed Stanley Hui as chief executive from 1 February, 1997. He is now seconded by Cathay Pacific Airways to Air Hong Kong as its chief operating officer. Hui replaces Philip Chen, who will return to Cathay to replace Simon Heale as deputy managing director from March 1997. Heale ...
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AAC
The Association of Airline Consolidators has elected Ken McLeod as chairman. He replaces David Mortimer who becomes deputy chair. McLeod spent 12 years in the consolidation market where, as head of product and planning for Airsavers, he liaised with more than 80 airlines. Source: Flight International
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Garuda to float shares in 1998
Delivery of A330s has been pushed back as Garuda prepares to float Paul Lewis/SINGAPORE The long-delayed privatisation of flag carrier Garuda Indonesia is now planned for December 1998, according to the country's finance minister Marie Muhammad. The size of the initial public offering remains ...
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September profit as Lufthansa ends poor year
Lufthansa recovered some of its poise in the September quarter with a steady profits performance, but doubts that its full-year results will be able to match the record earnings of 1995. The group suffered an unexpected tumble in profits during the first half of 1996 as the anticipated ...
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Sextant Avionique pins hopes on its ATM business
Julian Moxon/Paris Sextant Avionique expects its fast-growing air-traffic-management (ATM)-systems business to net more than a one-third share of the market and add nearly Fr500 million ($100 million) in sales by the end of the century. Sextant and its parent, Thomson-CSF, launched a major initiative at ...
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Viasa plans await employee approval
Julia Hayley/MADRID Iberia's plan for restructuring loss-making Venezuelan airline Viasa, which includes cuts to jobs and routes, has been approved by the other major shareholders, but must now be cleared by the employees by 15 January. Iberia put forward the plan in a bid to recover ...
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Airliners of the World
Airbus and Boeing vie for victory in the high-capacity market. After a string of new airliner model go-aheads last year, 1996 has seen the launch of only one new model - the 757-300 - as the major manufacturers concentrated on the definition of new high-capacity models. ...
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Alitalia fined for anti-competitive actions
Italy's competition authority has fined Alitalia for using unfair tactics in its fight against two new national airlines Air One (formerly Aliadriatica) and Meridiana, which have been attempting to make inroads into the Italian domestic market. The L415 million ($280,000) fine was less than expected because of Alitalia's ...