All Strategy news – Page 1054
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News
EVA pursues options to fill business void
Brent Hannon/TAIPEI EVA Airways has been talking to oneworld and the Star Alliance and hopes to join one of the alliances as soon as it decides which is most suitable, says president and vice-chairman Frank Hsu. Meanwhile, the airline is boosting its cargo business to fill the void left ...
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GPA reborn after signing Texas deal
GPA is set to re-emerge under a new name as a small independent lessor later this year following a deal with US venture capital partnership Texas Pacific to acquire up to a 47.7% shareholding in the Irish lessor. The deal comes three months after a memorandum of understanding was ...
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Marketplace
-Pan American has added a fourth Boeing 727-200 to its fleet to expand charter operations. The airline is now examining the possibility of resuming scheduled operations next year. -Qantas has found a buyer for its fleet of four 16/17-year-old Airbus A300B4s - the A300 freighter leasing company Pinnacle Air Cargo ...
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Routes
-Korean Air and Air France have signed a codeshare deal on flights between Paris and Seoul. The two carriers now operate six weekly flights, of which five will be codeshare services. -All Nippon Airways is seeking permission to open a new non-stop daily service from Tokyo to San Francisco, using ...
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Southern Air ceases operations
Financially troubled US cargo carrier Southern Air Transport (SAT), which has been up for sale for some time, ceased operations on 25 September. The airline plans to liquidate assets as it contemplates filing for bankruptcy protection from creditors. The end came after first Fine Air Services, and then Kitty ...
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Falling shares delay privatisation plans
The turmoil in the world's stock markets is finally starting to catch up with the airline industry. Tumbling share prices have forced the Austrian Government to delay plans to reduce its holdings in Austrian Airlines (AUA) with a Sch800 million ($68 million) capital increase. The decision places a question ...
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Bear markets
With the bears now firmly in control of every stock market in the world, any sane government thinking of selling off its state-owned airline should be reaching for the telephone to inform its financial advisors to put away the sale prospectus until the bulls are back in control of share ...
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Growing pains
Emma Kelly/LONDONThe in-flight entertainment (IFE) industry is growing up. But it has had to. The IFE industry today is showing the first signs of realism and credibility - much improved characteristics than the over-promises and disappointments that have plagued the industry in recent years. After years of considerable effort, interactive ...
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AOM sale progresses
The first phase in the sale of France's largest independent airline AOM was completed on 2 October, with the receipt by major shareholder Credit Lyonnais of bids from interested purchasers. Several European airlines are known to have been invited to tender for the carrier, including Air France, British Airways, Iberia, ...
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Philippine Airlines reprieved by union deal
Grounded Philippine Airlines (PAL)has won a reprieve from a final shutdown, following a "yes" vote by ground staff to accept a government-brokered last-ditch deal to revive the ailing carrier financially . The 6,500-strong PAL Employees Association voted on 2 October by a two-to-one margin to accept the deal reached ...
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Fairchild Dornier admits doubts over Crossair 728JET order
Andrzej Jeziorski/MUNICH Fairchild Dornier has admitted that doubts are growing over Crossair's commitment to the new 728JET family of regional aircraft, as a result of recent configuration decisions which have gone against the Swiss airline's wishes. Crossair and Lufthansa CityLine each signed a letter of intent earlier this year to ...
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Fare wars sting Brazil
Deregulation and resulting fare wars continue to bite hard into profits at Brazil's four main airlines, with no sign that the worst is over. Varig is blaming the fare wars for its Real $197 million ($168 million) loss reported for the first half year. This is almost triple the figure ...
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Eagle eyes all-jet fleet
American Airlines regional subsidiary American Eagle is planning to become an all-jet operation - a declaration that will put pressure on other US regionals to follow suit. American Eagle confirmed at the UK's Farnborough air show in September that it is to buy 75 Embraer RJ-135 37-seat jets. The ...
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Air India may seek equity
The efforts are on to sell the Indian Government's majority shareholdings in Air India and Indian Airlines. In September, the Disinvestment Commission drafted a detailed plan to sell the 60% stake in Air India, and finance minister Yashwanth Sinha announced the disinvestment of 51% of Indian Airlines. The commission ...
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Cost cuts lift Qantas and Air New Zealand
Cost-cutting continues to underpin strong financial performances by Australasia's two main international carriers, Qantas and Air New Zealand, while the region's third biggest carrier, Ansett, prepares radical measures to fix its cost problems. Investors remain worried by Qantas' exposure to Asia, in spite of management efforts to reduce that ...
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The rouble plays Russian roulette
First it was the crisis in South East Asia. Now it is meltdown in Russia's financial system that is spreading panic in global markets. The lesson from Asia is that what may start with currency collapse swiftly and inevitably translates into damage for the real economy of production, output and ...
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Russia crisis hits home
A contraction in the Russian airline industry is now almost inevitable, after nearly a month of financial uncertainty left the rouble heavily devalued from its level of mid-August. The devaluation will almost certainly lead to a general economic downturn in Russia with passenger numbers and cargo traffic both dropping off ...
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Swiss face testing times
Swissair certainly has its plate full. While the carrier is making forays into neighbouring Italy competition from lower cost operators is growing at home. After a string of false starts, Swiss World Airways (SWA) has got off the ground at Geneva, following Swissair's decision 16 months ago to move ...
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Braathens raises Swedish stakes
The battle for dominance in Scandinavian skies has taken another twist, with Norway's Braathens taking over Swedish regional Malmo Aviation. The SKr600 million ($74 million) acquisition is the latest in a series of aggressive manoeuvres, redrawing the aviation map of Scandinavia. Braathens has already taken over Transwede (now Braathens Sweden), ...
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West beats Asia retreat
As western carriers continue their retreat from Asia, the region's airlines are starting to fill in some of the gaps. This capacity redeployment by the foreign majors has given Asian alliances a welcome boost. New schedules effective 25 October show a continuing shift of non-Asian capacity out of the ...