Strategy – Page 967
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Ottawa ponders Canadian Airlines rescue options
Canada's federal government has been forced to intervene to avert a looming crisis at Canadian Airlines. Ottawa stepped in because of a growing threat that Canadian might not survive this coming winter. The beleaguered carrier has reported an annual profit in only one of the past 10 years, ...
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American opens door for Latin alliance
David Knibb SEATTLE A common alliance with a US partner has spawned a ground-breaking venture between two Latin American airlines. LanChile and Aerolineas Argentina have launched an air cargo joint venture, citing their common connections with American Airlines as a catalyst for the deal. "The relationship with American Airlines ...
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Brazilians refute merger speculation
Brian Homewood RIO DE JANEIRO Brazil's four major airlines have described reports that they are considering merging into two as "mere speculation". But the Brazilian airline industry remains awash with rumours that Varig, Vasp, Transbrasil and Tam could join forces. Varig says that company president Fernando Pinto, who went on ...
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AA/BA antitrust crumbles
Karen walker WASHINGTON DC If American Airlines and British Airways gambled that their application for an antitrust immunised alliance would not be refused in the wake of other high-profile immunities, then it has proved a bad bet. Two-and-a-half years later, those alliance hopes have been dashed by the US ...
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AeroPeru's hopes crash
AeroPeru entered bankruptcy in August, putting an end to remote hopes of a rescue deal for Peru's flag carrier. The decision by creditors to reject any last-minute bids for AeroPeru did not surprise observers, who believed that an earlier failed attempt by Continental Airlines to invest in the Peruvian ...
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Management teams
Carriers in need of change are looking to new boardroom teams for results. Analysis is by Michael Bell, who leads the Global Aviation Practice for senior-executive search firm Spencer Stuart The past few months have brought into focus a new form of leadership at troubled carriers around the world: management ...
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Reading the signs
Major carriers appear to be signalling their intent to rein back on excess capacity. Chris Tarry at Commerzbank looks at the signs and the possible influence of alliances in the equation. It does not take a degree in rocket science to realise just how testing this year has already been ...
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Passenger seat restraint
Kevin O'Toole Continuing fall-out from Asia's economic crisis reverberated around markets last year as is clear from the latest passenger airline rankings. But it is concerns over falling yields rather than traffic that are now taking centre stage. Last year posed something of a test of resolve for airline ...
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Commercial Aircraft Directory: Part 2
Boeing and Airbus keep the new airliner developments flowing as the Russian industry struggles due to lack of funding Max Kingsley-Jones/LONDON While Airbus Industrie has busied itself with the detailed definition of its new A3XX and launched production of the A340-500/600, Boeing has been quietly introducing major derivatives. ...
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BA to axe 1,000 managers in bid to save profits
British Airways is to cut about 1,000 management jobs in a move it says is aimed at reducing costs to pay shareholder dividends. BA says it "will find additional savings of £225 million [$360 million] this year to deliver the profits that the City expects". Analysts had warned that ...
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Eurocontrol appeals for capacity increase
Eurocontrol is asking member states to commit to increasing national airspace capacity over the next five years so it can better predict future trouble spots. The move comes after European delays hit an all-time high in June, when 37.3% of all flights were delayed by more than 15min, according ...
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Canadian gets three-month deadline
Brian Dunn/MONTREAL Canadian Airlines has been given three months to find a financial lifeline, with Ottawa suspending competition rules for 90 days from 13 August to help the ailing carrier find a saviour. The Calgary-based airline seems unlikely to emerge from the period in its current form. Ottawa's move ...
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Mergers
Ground services provider Worldwide Flight Services of the USA is to buy Miami Aircraft Support for $66.4 million, giving it a presence at a total of 82 airports. Worldwide was previously owned by American Airlines parent AMR, but was bought by private investors in March. US third-party maintenance provider Aviation ...
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Sun glimmers
The closure of South African domestic carrier Sun Air is in doubt, with employees and trades unions lobbying Pretoria in a bid to save it, and a takeover by South African Airways (SAA) - which planned to close it - dependent on the write-off of a R25 million ($4 million) ...
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Marketplace
Finnair will cease its Saab 340 services from October, with the cancellation of wet-lease operations, as it concentrates on services with its fleet of nine ATR 72s. China Airlines has grounded its four remaining Airbus A300B4s and is offering them for sale. The airline is still searching for buyers for ...
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AeroPeru goes into liquidation after final rescue efforts fail
Paul Lewis/WASHINGTON DC Final hopes of finding a new financial backer for AeroPeru have been extinguished as creditors rejected four last-ditch rescue proposals and initiated moves to liquidate the grounded national carrier. "The creditors met to consider four proposals, none of which were acceptable-The creditors were obliged to ...
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KLM-Continental row hits Wings alliance
Chris Jasper/LONDON The planned launch of the so-called Wings alliance is in doubt after a disagreement between Dutch flag carrier KLM and Continental Airlines of the USA - two of the four major airlines that had been expected to launch the grouping this year. Sources close to the pair ...
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Strategic stretch
More than a long-range niche filler, Boeing's 767-400ER promises to bring new life to the entire big twin family Guy Norris/LOS ANGELES Boeing's big twinjet strategy takes another important step forward on 26 August when the 767-400ER is officially rolled out of the company's Everett assembly site in ...
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Sun sets on Sun Air
South African domestic carrier Sun Air has become a casualty of the country's air fares price war and weak currency (Flight International, 11-17 August). The top-end carrier ceased operations on 13 August and is to be put into liquidation by shareholders Comair and South African Airways. SAA agreed to ...
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Association broadcasts live TV plan
The World Airline Entertainment Association's (WAEA) technical committee will turn its attentions to live broadcast satellite service once it completes the specification for the in-flight use of digital versatile disk (DVD) next month. With several airlines interested in offering passengers live television services, the WAEA is keen to resolve ...