Strategy – Page 996
-
News
Star picks managers as it gears up for fight
Andrew Doyle/MUNICH The six airline members of the Star Alliance have appointed a dedicated management team to take over the day-to-day running of their operation in a bid to achieve more effective co-operation in key areas. The move forms part of aggressive plans by Star, the largest members ...
-
News
TWA twin-source deal surprises market
Trans World Airlines' decision to set up deals with Airbus Industrie and Boeing for competing 100-seaters - totalling 250 aircraft, including options - has raised questions over the US airline's future strategy. The deal remains to be finalised, but TWA has signed letters of intent (LoIs) for 50 717-200s, ...
-
News
Indian Airlines to order six ATR 42-500 turboprops
Indian Airlines is to order six ATR 42-500 turboprop airliners from the Franco-Italian ATR company. The deal also marks the start of a manufacturing cooperation between Hindustan Aeronautics (HAL) and the European aerospace concern. "Indian Airlines has not conveyed its decision to us, but its board has approved the ...
-
News
Volvo expands
Volvo Aero has acquired a 66.6% holding in Norwegian engine repair and component manufacturer Norsk Jetmotor. The take-over of the Kongsberg-based company is still subject to Norwegian Government approval. Source: Flight International
-
News
KLM reveals plans for cargo alliance
Max Kingsley-Jones/LONDON KLM has revealed a three-stage plan that will lead to the setting up of a standalone cargo airline early in the next decade in a joint venture with its alliance partners, Alitalia and Northwest Airlines. The plan is part of the recently finalised link between KLM ...
-
News
Oneworld infrastructure begins to take shape
Paul Lewis/WASHINGTON DC Airline efforts to establish working arrangements for the recently unveiled oneworld alliance are intensifying, with the first meeting of chief executives from the five founding members and the proposed creation of a new common ground-handling operation in Europe. The heads of American Airlines, British Airways, ...
-
News
Pembroke breaks Boeing 717 drought with order for 10
Irish lessor Pembroke Capital has broken the Boeing 717 order drought with an order for 10 of the 100-seat twinjets, for delivery between March 2000 and May 2001. The contract, valued at about $320 million based on list prices, takes the 717's firm order backlog to 65 aircraft. Pembroke ...
-
News
Swiss World seeks protection from bankruptcy
Swiss World Airways (SWA) suspended operations on 2 December after suffering consistently poor load factors on its single route between Geneva and New York Newark. The airline has informed the Swiss Federal Office for Civil Aviation (OFAC) that it is seeking Chapter 11-style bankruptcy protection through the courts and ...
-
News
Frontier share purchase makes Vanguard tie-up a possibility
The main shareholders of Kansas City-based Vanguard Airlines have taken an 8% shareholding in Denver-based Frontier Airlines and hinted about a possible combination of the two regional US airlines. The investors, headed by William Hambrecht, say that it is desirable for Frontier to explore various relationships with Vanguard or ...
-
News
'It's a sad ending', says Mesa as it settles all WestAir claims
Ramon Lopez/WASHINGTON DC Mesa Air Group has settled all claims by aircraft and equipment lessors against Mesa's defunct WestAir subsidiary for about $15 million. WestAir had operated United Express service for United Airlines until the partnership was dissolved on 31 May, making 43 leased aircraft idle. Jonathan Ornstein, ...
-
News
Government saves Air Namibia
Hilka Birns/CAPE TOWN The Namibian Government has injected N$20-million ($3.7 million) into Air Namibia and has appointed a Malaysian financier to restructure, and re-capitalise the troubled national carrier as a state-owned company. The move takes the airline out of the control of state holding company TransNamib, which has ...
-
News
The precision approach
David Learmount/CAPE TOWN Learning only from serious accidents and incidents is a flawed way of advancing flight safety. It took until the 1990s to create a system which is more effective and workable, and until now to persuade most of the world's regions to consider adopting it. The system ...
-
News
Swissair reveals Express brand
Swissair is introducing an Express brand to coincide with the launch on 5 November of wet-lease services by Debonair of the UK on behalf of the Swiss flag carrier and Italian independent airline Air One. Debonair will operate one of its British Aerospace 146-200s, painted in Swissair Express colours, ...
-
News
Developing crisis
It is a nightmare scenario for any company. Immense production problems are overcome at huge expense, just in time for the market to collapse. For Boeing, the timing could hardly be worse. As quickly as the company's production recovery takes effect, the deepening impact of the Asian economic crisis starts ...
-
News
Aer Lingus will sign up strategic partner 'by the first half 2000'
Max Kingsley-Jones/LONDON Aer Lingus should be ready to decide on its strategic partner by the end of the first quarter of 1999, enabling a firm agreement to be finalised during 2000. The airline's executive vice-president for Europe, Richard Luchente, says that the carrier is discussing a strategic partner ...
-
News
Air France plans US link to pave the way toward a global alliance
Julian Moxon/PARIS Air France expects to join a global airline alliance based on an agreement with one of its two US partners, "before the end of 1999", according to the airline's president Jean Cyril Spinetta. The signing of the co-operation pact between KLM and Alitalia on 27 November ...
-
News
GPA sale
Air Canada has sold its remaining 10.2% interest in leasing company GPA. The bulk of the shares have been acquired by a Texas Pacific Group subsidiary, although other shareholders have also purchased shares. Air Canada will realise an after-tax gain of C$18 million ($11.7 million) on the sale. Although the ...
-
News
MD-90 delivery kicks off Aserca's fleet renewal
Aserca Airlines has begun its fleet renewal programme with the delivery of a new Boeing MD-90 and is now finalising plans for additional aircraft. The Venezuelan airline has taken the aircraft on lease from Taiwanese leasing company Hwa-Hsia Leasing, via Caribbean airline Air Aruba, which has also just introduced ...
-
News
BA's CityFlyer buy bolsters Gatwick hub
Max Kingsley-Jones/LONDON CityFlyer Express says that no significant changes will result from the £75 million ($124 million) take-over by its franchise partner, British Airways. The London Gatwick based regional airline has a conditional agreement with BA to purchase the entire company. The deal is subject to formal approval ...
-
News
Marketplace
-Bombardier has confirmed the BWIA International Airways order for two new Dash 8Q-300s for delivery in mid-January 1999, plus options on another two. -Icelandair has converted two of its five options for Rolls-Royce RB211-powered Boeing 757-200s, for delivery in 2000 and 2003. -Danish charter airline Sterling European Airlines will ...