All Strategy news – Page 997
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News
China Airlines and EVA emerge from Asia's downturn
Brent Hannon/TAIPEI Taiwan's two largest carriers have reported a financially sound 1999. China Airlines (CAL) pulled out of the Asian downturn and posted a pre-tax profit after making a loss a year earlier, and rival EVA Air turned in healthy net earnings. CAL's $91 million pre-tax profit compares with ...
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Executives to go in Argentine rescue
Guy Norris/BUENOS AIRES Paul Lews/WASHINGTON DC Aerolineas Argentinas' majority owner SEPI will present a new business plan to the Argentine Government to revive the financially ailing carrier. This follows SEPI's rejection of American Airlines parent AMR's restructuring proposal and the removal of key US national managers. The airline's ...
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Air France/Delta to raid rival groups
Emma Kelly/PARIS and ATLANTA Air France and Delta Air Lines are identifying members of competing alliances to join their unnamed airline grouping, which they aim to unveil in the second quarter. The partners are tight-lipped on potential alliance members following disappointment over their public courting of British Midland ...
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Marketplace
Air Alps Aviation of Innsbruck, Austria, has acquired an ex-PB Air Dornier 328-110 turboprop, in a deal arranged by Aircraft Leasing & Management. The deal boosts Air Alps' (which operates as KLM Alps) fleet of 328s to four. Safair of South Africa has placed two Boeing MD-82s with French carrier ...
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Start-up SolAir signs for 328/728JETs
Andrew Doyle/MUNICH Italian start-up SolAir has become the second announced airline customer for the Fairchild Aerospace 728JET, with a letter of intent for two aircraft, plus two 34-seat 328JETs. The Naples-based carrier plans to begin operations with the two 328JETs from next January, serving Barcelona, Paris, Tirana and ...
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Virgin deal raises doubts over SIA's role within Star
DAVID KNIBB SEATTLE Sir Richard Branson, newly knighted in the UK's millennial honours list, calls the deal between his Virgin Atlantic group and Singapore Airlines (SIA) a "marriage made in heaven", but Star alliance members in Australasia are having heartburn over its implications. The codeshare access that SIA gains ...
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US-UK mini deal threatens to sideline cargo
PETER CONWAY LONDON The latest in the seemingly unending round of open skies talks between the USA and UK in Washington on 4-5 January failed to produce the widely predicted "mini deal" over access to London Heathrow. But most observers still expect some kind of interim compromise to emerge when ...
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Argentinian skies clouded as Aerolineas restructures
DAVID KNIBB SEATTLE Aerolineas Argentinas and the Argentinian-US open skies pact face uncertain futures as the airline's continuing financial problems threaten its relationship with American Airlines. American's parent AMR and SEPI, the holding company for interests owned by the Spanish Government, have been trying to resolve their differences and agree ...
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Air Canada free to ring the changes at Canadian
Air Canada has taken over Canadian Airlines following Ottawa's approval, ending a long and bitter battle for control of Canada's skies. Changes are already becoming apparent. Canadian had suspended Hong Kong and Manila flights and sold its Tokyo Narita slots to Air Canada, but Air Canada has started further ...
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Cargo on-line
PETER CONWAY LONDON A new system aims to bring air cargo into the Internet age. But is the model right for the market? For the past year, former McKinsey consultant Todd Morgan, together with his colleague Doug Ash, ex-managing director of global freight forwarder MSAS, have been touring airline and ...
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Australian challengers faced with airport constraints
Severe airport capacity constraints are a major obstacle to plans by Virgin Australia, Impulse Airlines and Spirit Airlines to take on Australia's established carriers. Their problems date back to 1988, when Australia still operated its tightly-regulated Two Airline Policy. At that time Canberra granted Ansett and Australian Airlines (later ...
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CAL parent misses sale deadline
NICK IONIDES SINGAPORE The parent of China Airlines (CAL) has missed an end-of-1999 deadline for the sale of at least half of its 71% stake in the Taiwanese carrier. Although the company claims the sale deadline has only slipped, sceptics are again doubting its resolve to give up control. ...
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Canadian hopefuls flex their muscles
DAVID KNIBB SEATTLE Two start-ups and two incumbents are moving to fill the vacuum expected to result from Air Canada's takeover and makeover of Canadian Airlines. While none aspire to become a new Air Canada or Canadian, they foresee profitable low-cost, low-fares niches. Regional Airlines Holdings, led by ...
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Routes - Americas
Southwest adds Albany Southwest Airlines is adding Albany in New York to its list of cities served, continuing its spread into the US north east. Flights will begin in May. Southwest, which has added seven north-east cities to its network since 1993, says expansion will continue. Mexican Express ...
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Analysts see Sabre sell-off as positive move for AMR
JANE LEVERE NEW YORK AMR's long-anticipated decision to spin off Sabre, its global distribution system, appears to have created a win-win situation for both companies. In March, American Airlines' parent company AMR, which has owned 83% of Sabre since a 1996 initial public offering, will spin this stake off ...
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Crystal joins list of US hopefuls
KAREN WALKER WASHINGTON DC Following a dearth of activity in the late 1990s, the US start-up scene is off to a flying start in the new millennium. The latest entrant is Tampa, Florida-based Crystal Airways, which intends to launch a low-fare, all-business-class service in the first quarter of this ...
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Mexico orders TAESA to raise new capital
DAVID KNIBB SEATTLE Officials have told Mexico's third largest airline to improve its financial viability by raising $130 million in new capital within the next 90 days. Taesa is putting a positive spin on the conclusions of a government audit by using them to entice investors. The investment order ...
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KLM uk sets off for low-cost growth
COLIN BAKER LONDON KLM uk has joined the low-fare club as its new buzz brand took to the air in January. It backs predictions that low-cost traffic will triple in the next four years. Floris van Pallandt, KLM uk's chief executive, dismisses suggestions that the London Stansted-based carrier has been ...
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In the right direction
The virtuous trend towards capacity constraint with which the industry ended last year appear to be holding steady. Kevin O'Toole and Chris Tarry of Commerzbank look for early signs. A couple of months into the new decade and it seems that the industry's resolve is holding. Towards the end ...
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In Brief - Europe
Aer Lingus to be floated The Irish Government has opted to go ahead with an initial public offering for Aer Lingus, rather than offer the oneworld partners a strategic stake in the airline. The flotation is expected late this year or early 2001. The carrier says the exact timing, ...