Strategy – Page 942
-
News
Air Maldives hit by cash shortage
Air Maldives is in serious financial trouble, having been forced late in February to suspend all international services as a result of a cash shortage. The airline grounded its international operation on 28 February, although as Airline Business closed for press it hoped to have resumed flights before the ...
-
News
Biman sell-off
RAVI PARSAD NEW DELHI A Citibank-led consortium is preparing a restructuring plan with the aim of attracting a strategic partner for Biman Bangladesh Airlines. British Airways and Singapore International Airlines are among those reported to be interested. The consortium consists of consultancy SH&E, legal firm Clifford Chance Wirot and ...
-
News
When size matters
The debate over the size of market for a new very large aircraft has become similar to a poker game; until the first cards are on the table, no-one knows which way the deck will fall. During a recent briefing in Washington, Airbus Industrie's senior vice- president, commercial, John Leahy ...
-
News
Hungary for a change?
Tom Gill BUDAPEST With a new chief executive and new investors on the horizon, things might be looking up for Malév Ferenc Kovacs is cautiously confident. Appointed Malév's chief executive in October after 23 years with the company, he is well aware of the many false starts that the Hungarian ...
-
News
Back to Business: Alan Mulally, president of Boeing Commercial Airplanes
For Alan Mulally, president of Boeing Commercial Airplanes Group, this is the year the company can finally put its troubles behind it with new launches, a growing services business and, above all, a renewed focus on the customer
-
News
Spain set for regional battle
Andrew Doyle/GERONA Boeing is close to securing a second European airline customer for its 717 following Spanish regional start-up AB Bluestar's announcement that it intends to order six of the twinjets and take nine options. Spanish rival Air Nostrum, meanwhile, has concluded a major deal with Canada's Bombardier ...
-
News
Carriers queue for La Guardia
Paul Lewis/WASHINGTON DC Continental Airlines and Delta Air Lines are moving quickly to claim additional slots promised for regional services at New York's La Guardia Airport as the result of newly approved Congressional legislation. Contained in the US Federal Aviation Administration reauthorisation Bill is a provision to grant ...
-
News
BAE approves regional launch
Emma Kelly/LONDON BAE Systems hopes to announce the launch airline for its RJX regional jet family in the next three weeks following the formal launch of the Avro RJ derivative on 21 March. Peter Connolly, BAE Systems senior vice-president for sales and marketing, says an order for the ...
-
News
Aegean considers global alliances
Aegean Airlines is "probing" global alliance possibilities with a view to joining one of the networks by next March to let it launch international routes, having given up hope of co-operating with Greek carrier Olympic Airways. The airline plans international expansion around the opening of the new Athens Spata ...
-
News
Maintainers record mixed 1999 results
Graham Warwick/WASHINGTON DC Troubled US maintenance and parts specialist Aviation Sales will take a charge of $72 million against yet-to-be-announced 1999 results, relating to a reduction in the value of inventory in its parts redistribution operations, plus four Airbus A300s which it is trying to sell or lease. The ...
-
News
Air France/Delta court Aeroflot
Julian Moxon/BUDAPEST Alexander Velovich/MOSCOW Air France and Aeroflot have agreed a deal that should see the Russian carrier join the former's global alliance with Delta Air Lines, while the French flag carrier is also emerging as the most likely partner for Hungary's Malev, with its Budapest Ferihegy hub. The ...
-
News
Canadian plans to update ageing fleet
Canadian Airlines has unveiled plans for a multi-billion dollar acquisition to replace up to 70 ageing aircraft over the next five years. The move follows its takeover by rival Air Canada, and a joint fleet-renewal order may be under consideration. The plan has been disclosed by new president ...
-
News
People
Gareth Kirkwood, managing director (MD) of British Airways subsidiary Brymon Airways, has been appointed MD of British Airways World Cargo. Northrop Grumman's Electronic Sensors and Systems sector has appointed four new vice-presidents (VPs): Donald Wilhelm - airspace management systems, George Perkins - space systems, James Armitage - engineering, Baltimore operations ...
-
News
Thailand gives green light to Thai Airways offer
The Thai cabinet has approved the sale of a 23% stake in Thai Airways International, endorsing the sale of 100 million shares held by the Ministry of Finance and of 300 million new shares in the airline. Bangkok owns 93% of Thai, with the rest publicly held. The airline's ...
-
News
Air France makes bid for Air Liberté
Air France has made a firm offer for British Airways' loss- making subsidiary Air Liberté in a move which, if successful, would consolidate its hold on the French domestic market and bring with it an extensive route network to overseas French territories. A takeover would increase Air France's slot ...
-
News
Airbus begins A3XX proposal process
Paul Lewis/WASHINGTON DC Julian Moxon/PARIS Chris Jasper/LONDON Airbus Industrie has begun submitting proposals to airlines it regards as key potential customers for the A3XX as it bids to rack up sufficient commitments for the 480-660 seat family to be launched later this year. Unofficial agreement has been reached on assembly ...
-
News
SIA fails with Air New Zealand bid
Paul Phelan/CAIRNS A bid by Singapore Airlines (SIA) to acquire a 25% stake in Air New Zealand (ANZ) has been put on ice . SIA chief executive Dr Cheong Choong Keong went to New Zealand to complete the agreed purchase with ANZ owner Brierley Investments (BIL), only for the ...
-
News
A tale of two countries
Deregulation has had differing results for Chile's and Argentina's airlines Paul Lewis/SANTIAGO Guy Norris/BUENOS AIRES Chile and Argentina offer contrasting pictures of the state of civil air transport in South America. The former is held up as a textbook example of successful deregulation, having embraced open skies and ...
-
News
Argentina suspends law to block LanChile advance
Guy Norris/LONDON The Argentinian Government has suspended for six months a 1994 law allowing foreign ownership and control of Argentinian carriers. The move is apparently aimed at blocking a takeover of ailing Aerolineas Argentinas by LanChile, which had expressed an interest in taking a share in the Buenos Aires-based ...
-
News
Chilean carrier seeks a new fleet and European partner
Paul Lewis/SANTIAGO Avant Airlines plans to decide within the next six months on a replacement fleet of aircraft. The Chilean carrier is also searching for a European partner to strengthen its domestic market presence. According to Avant executive vice-president Fernando Fernandez, the airline aims to select a new 100-seater ...