All Strategy news – Page 1175
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News
The quest is on for market power
In coping with more airline consolidation, regulators could well be out of their depth.In a recent television interview, a reporter asked a simple question: 'Why would anybody want to buy an airline which has lost over $3 billion in the last five years?' Put like that, the interest being ...
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Swiss show true colours
No sooner had Brussels given Swissair access to the single European market through its investment in Sabena than the Swiss government played the protectionist card, opening itself and the Commission up to criticism. The Swiss government was acting within the UK-Swiss air services agreement when it refused to ...
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Hawaiian set to post profit
American Airlines has reprieved Hawaiian Airlines for the fourth time over $6.9 million in payments due on its leased DC10s, as the carrier continues its restructuring efforts after emerging from bankruptcy 14 months ago. The payments Hawaiian owes American represent lease and maintenance charges that accumulated late last ...
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Past keeps AmWest shy
With the resolve of a carrier that has returned to health but the hesitancy of one that only emerged from bankruptcy protection last year, America West Airlines has instituted its first growth programme in four years. Its 29 per cent growth plan over two years is conservative compared to the ...
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East stakes going west
Western investors are showing a willingness to gamble in the vast aviation markets of China and Russia, with the prospect of a partially foreign owned Chinese regional and a foreign controlled Siberian airline. US financier George Soros wants to take advantage of Beijing's clearance earlier this year for ...
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Express trial grinds to halt
After a year's trial of its innovative Lufthansa Express product, the German carrier has cherry-picked parts of the pilot scheme for a revamp of its domestic operation. A poor performance halted the extension of the pilot to the whole system as originally planned. The German flag carrier was ...
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USAir courts main rivals
As speculation rose to fever pitch over the possibility of USAir selling out to United Airlines or American Airlines, all participants concerned stressed one word to describe the current state of the deal: 'preliminary'. Whatever the outcome, sources at USAir stress the talks are a culmination of a ...
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Airline news
Singapore Airlines has started twice-weekly services to both Cairns and Macau using A310 aircraft. SilkAir has launched a twice-weekly service between Singapore and Vientiane in Laos with Fokker 70s. ANA is seeking regulatory approval to start services between Osaka/Kansai and Rome. The carrier has also completed ...
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International tactics
Taiwan's international carriers are engaged in a bitter battle for market share. Paul Lewis/TAIPEI COMPETITION IS heating up between Taiwan's two established international players, flag carrier China Airlines (CAL) and four-year-old Eva Airways. Ambitious fleet-expansion plans, the opening up of profitable trunk routes to Hong Kong and ...
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Enough is enough for falling economy- class standards
Sir - I congratulate Mr Bamberg on his letter about British Airways' expenditure on first-class improvements (Flight International, 11-17 October, P49). I frequently fly London-Sydney (in economy and business class). BA and Qantas offer poor long-haul economy class and the seats are no better than a London Hyde Park deck ...
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Embraer plans ambitious growth
Julian Moxon/BAVENO THE NEW PRESIDENT of Embraer, Maurice Botelho, says that the newly privatised Brazilian manufacturer should return to sales of $700 million within five years, helped by an expansion in the European market. "That's what we earned in the past, and there's no reason ...
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Chinese start recruiting for Hong Kong start-up
Paul Lewis/SINGAPORE CHINA NATIONAL Aviation (CNAC) is pressing ahead with plans to establish a Hong Kong-based international airline, at the same time as negotiating to purchase a 10% stake in Dragonair The new CNAC carrier, provisionally named China Hong Kong, has already begun to recruit ...
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US carriers report robust third quarter
STRONG RESULTS from Continental, USAir and others have led what promises to be a record third-quarter performance from the US airline industry. Wall Street analysts, are projecting that industry operating profits, could climb to $2.3 billion for the quarter, once results are in from the other major carriers. ...
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Air Liberte makes a move for rival AOM
Julian Moxon/PARIS THE PRESIDENT of French airline Air Liberte, Lotfi Belhassine, has formed a consortium with the aim of acquiring rival private carrier AOM, "...if the price is right". Belhassine has for some time made no secret of his desire to purchase AOM, creating what he ...
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747-X plans gather speed
Guy Norris/LOS ANGELES MAJOR BOEING 747 operators have been called to Boeing's Seattle headquarters in mid-November for meetings on the proposed -500X and -600X stretched derivatives, as plans for the possible 1996 launch of the next-generation 747 gather pace. Those attending include British Airways, Cathay ...
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MD-95 launched with ValuJet order
Ramon Lopez/WASHINGTON DC Guy Norris/LOS ANGELES McDONNELL DOUGLAS (MDC) has launched its MD-95 on the back of a single 50-aircraft order from fast-growing low-cost operator ValuJet Airlines. The value of the order from the successful low-fare US carrier based in Atlanta, Georgia exceeds $1 ...
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Air Jamaica
National carrier Air Jamaica has appointed Tony Cowles general manager for the UK and Europe. He was most recently general manager for the UK and Europe with Caribbean carrier BWIA International. Source: Flight International
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Mesaba
Carl Pohlad becomes chairman of Mesaba Holdings, parent of Northwest Airlink carrier Mesaba Airlines; Bryan Bedford is named president and chief executive; John Fredericksen is appointed vice-president for finance and general counsel; and William Dolan becomes secretary. Newly elected to the Mesaba Holdings board are Northwest Airlines managers Richard Hirst, ...
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Clarification on Eva structure
Sir - In response to the item on the management restructure at Eva Air (Flight International, 20-26 September, P75), I would like to point out that, following the departure of chairman Y F Chang, Shen-Chih Cheng, not Frank Hsu as you reported, has succeeded him. Mr Hsu, previously president, becomes ...
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EVA Air
Y F Chang, founder of Eva Air of Taiwan, has resigned as its chairman to concentrate on his role as chairman of the carrier's parent company, the Evergreen Group. He is succeeded by Shen-Chih Cheng, previously Eva vice-chairman. Frank Hsu moves from president to vice-chairman, and Richard Huang is promoted ...