All Strategy news – Page 1114
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News
Lufthansa plans cargo alliance
Lufthansa Cargo is to follow its parent airline into a global alliance as part of the plan to return the now independent freight business to profit. The partnership could be set up this year, and will be similar to the forthcoming passenger alliance of Air Canada, Lufthansa, SAS, ...
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Malev boosts share sale
The Hungarian Government is to sell off another 39%of Malev as the privatisation of the flag carrier goes into its second phase. Alitalia, which acquired 30%of Malev in the initial privatisation four years ago, may also have to sell its stake. The sale to Alitalia, and of another ...
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Avatar
Avatar Alliance, the provider of aviation components and logistics services, has made two appointments. John Poindexter is the new director, international sales. He joins Fairburn, Georgia-based Avatar from Airstar International Airlines, where he was president. Dane McBroom, appointed director, engine programs, was recruited from Interturbine TEAM. ...
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Boeing hopes for more from China despite Airbus
Boeing is hoping to secure follow-on orders for a large number of 737s and 757s from Chinese operators, despite a push by Airbus Industrie to place up to 100 new jet airliners with China Aviation Supplies (CASC). According to Boeing, a series of different proposals have been made ...
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Sharing the loads
The utilisation by major carriers of regional airlines with low cost bases to operate low-volume, short-haul feeder services is a concept that has been established in North America since the 1980s, but has only recently caught on in Europe. British Airways was the first European carrier to conclude a franchise ...
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France's revolution
The announcement on 18 February by French regional airline Brit Air that it was to place the launch order for the 70-seat Series 700 version of the highly successful 50-seat Bombardier Canadair Regional Jet (CRJ) served only to confirm the revolution taking place in France's regional-airline industry. In ...
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US carriers enjoy profits hike
Overall profits from the major US airline groups continued to forge ahead in the first quarter of 1997, shrugging aside the hike in fuel costs and re-imposition of the 10% federal ticket tax in early March. The leading airlines made a combined profit of over $750 million, more ...
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Gulf Air funding finally agreed as losses start to fall
Gulf Air says that its state shareholders have agreed to $200 million in fresh funding, ending months of boardroom negotiations over shoring up the carrier's crisis-hit finances. The deal was finally struck at a board meeting held in Doha, Qatar, in April. Chief executive Shaikh Ahmed bin Saif ...
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MAS targets Pelangi takeover
Malaysia Airlines (MAS) is planning to take complete control of struggling third-tier operator Pelangi Air, absorbing its route network and aircraft. Under a proposal now before Pelangi's shareholders for approval, MAS would take a stake of to 70% in the local carrier. MAS' controlling parent company, Malaysian Helicopter ...
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South Africa draws up shortlist for Sun Air
South Africa has drawn up a shortlist of potential bidders for Sun Air in the first phase of the regional airline's privatisation. The list includes Air France, Malaysian Airlines (MAS), Virgin Atlantic and South African domestic carrier Comair, which acts as a British Airways franchise operator. Alongside the ...
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Slow domestic market makes ANA look abroad for growth
All Nippon Airways (ANA) has announced plans for a large-scale expansion of its international operations over the next five years, as the carrier faces the prospect of slower growth and increased competition at home. Under ANA's mid-term 1997-2001 corporate plan, international operations will be expanded from 30% to ...
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Cathay's mixed fleet cuts costs of crews
Cathay Pacific Airways claims that mixed-fleet flying on its Airbus Industrie A330s and A340s has yielded crew-cost savings of up to 25%. The Hong Kong-based airline is a world leader in two-engine/four-engine mixed-fleet flying. Capt John Bent, Cathay's flying training manager (policy), says that, following the initial costs ...
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MEA expands Airbus fleet as 747s are sold
Middle East Airlines (MEA) is planning a major expansion of its Airbus Industrie fleet following the sale of its three ageing Boeing 747s. The three Boeing 747-200 Combis, delivered new to the airline in 1975, have been sold to the US freight airline American International Airways (AIA) for ...
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R-R will speed up Trent 8100
Rolls-Royce has reached agreement with Boeing to advance the development and certification of its planned 445kN (100,000lb)-thrust Trent 8100 growth engine by nine months, allowing the powerplant to enter service on the proposed 777-200X and -300X derivatives by 2001. The revised Trent 8100 schedule is contained in a ...
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Financial results
Company Period Net US$ mil Comp period Sales US$ mil % change Cathay Pacific Y Dec 31 492.5 385.0 4,187 6.3 China Airlines* Y Dec 31 46.6 45.0 1,887 ...
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India equity ban is shaky
The only consolation the world's air transport industry can take from New Delhi's decision to bar foreign carriers from investing in India's airlines is that the country finally has a firm policy in place. The problem is that the imminent collapse of the government could soon open up the whole ...
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Battle of wills
Washington has changed tactics on Japan. When President Clinton wrote to Prime Minister Hashimoto last September to urge that Japan and the US replace their contentious bilateral with a new open skies agreement, that represented a change of thinking in Washington. For eight years the administrations had insisted on Tokyo's ...
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Korea opens with a catch
South Korea, long considered a non-starter in US efforts to forge open skies in Asia, is hinting that it may yet join the party, but Seoul's insistence on preconditions is likely to sit awkwardly in Washington. A Korean transport ministry official says his country is willing to sign ...
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Latin cargo tempts Asia
Access to unlimited beyond rights is one of the main goals for the US in its global drive for open skies and now Asian carriers are discovering there may yet be benefits in return, in the booming Latin American cargo market at least. China Airlines will become the ...