All Strategy articles – Page 1039
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News
ANA to launch restructuring programme
All Nippon Airways (ANA) has announced a radical three-year corporate restructuring plan, following the suspension of dividend payments to its shareholders for the first time in 30 years. The plan includes the consolidation of high-revenue international routes from Tokyo Narita and the suspension or reduction of services on non-profitable ...
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Arab carriers move to cut London costs
A consortium of Arab airlines expects to save about $5 million a year in handling costs at London airports because of a deal between the Arab Air Carriers Organisation (ACCO) and Air France Servisair (AFSL). The deal allows member airlines serving Heathrow and Gatwick to sign up with the ...
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Marketplace
*Sabena has contracted to lease a three-year-old ex-Malaysia Airlines, Pratt & Whitney PW4000-powered Airbus A330-300 in April on a six-year-lease from International Lease Finance (ILFC). Sabena operates three General Electric CF6-powered A330-300s on lease from Airbus, and will also add three new PW4000-powered A330-200s from ILFC from August. *The ...
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Mergers
* Lufthansa subsidiary GlobeGround has agreed to buy US-based Hudson General in a move that should end a take-over battle for the airport services provider. The GlobeGround offer tops earlier bids from Ranger Aerospace, Ogden and a group of Hudson managers. GlobeGround - which already owns 49% of Hudson affiliate ...
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Routes
* From 31March, KLM uk will withdraw all operations from Guernsey in the Channel Islands, including services to Southampton, London Stansted and Amsterdam. * British Airways' low-cost division Go is to expanding its services to south-west Europe, with new services from London Stansted to Faro and Malaga from the ...
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Europe's BIG 3
Lufthansa, Air France and Swissair have built their repair and overhaul facilities into some of the most competitive in the world, but profit margins remain slim. Europe cannot claim to be a world leader in many sectors, but when it comes to commercial aircraft and engine maintenance, it is ...
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Life starts at 50
SITA may just have turned 50, but its gaze remains firmly fix on the future. Kevin O'Toole talks to chairman John Watson. "People try to categorise SITA but it's just a phenomenon," says its chairman John Watson. The fact that it exists at all is thanks to the foresight of ...
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American plans Aeroperu bid
In a move that could transform the alliance landscape in Latin America, American Airlines is studying whether to take control of AeroPeru. American is exploiting the vacuum created when Delta and Cintra, the holding company for Aeromexico and Mexicana, refused to inject more cash into unprofitable Aeroperu. Delta ...
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Sir Harry cites bad health as he resigns from Air Afrique
Sir Harry Tirvengadum has resigned as chairman of Cote d'Ivoire-based Air Afrique, citing health reasons, but amid claims that political pressure was brought to bear. Tirvengadum asked to be released from his contract as chairman of the troubled multinational carrier on 29 January, after just two years in ...
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Iberia joins oneworld alliance
Iberia is finally cleared to join the oneworld alliance, having tied up agreement with American Airlines and British Airways on their acquisition of small minority stakes in the Spanish flag-carrier. Iberia also now appears to be on course to finish off the year with its long-awaited privatisation. Iberia's ...
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Ansett greets Star with fleet upgrade
Ansett Australia is upgrading its fleet to include Boeing 747-400s as it prepares for its entry on 28 March into the Star Alliance. In a surprise move, Australia's second carrier says it will lease two 747-400s for five years from new partner Singapore Airlines (SIA), when leases on two ...
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Back to the future for Olympic
The encouraging noises that emanated from the management of Olympic Airways little more than 10 weeks ago have again faded as the the Greek carrier lost another managing director. The official line is that Theodore Tsakiridis resigned, but the speed of his departure bore the hallmarks of the political manoeuvring ...
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Beijing tightens its belt
The Civil Aviation Administration of China (CAAC) may have escaped Beijing's directive that requires other agencies to divest their interests in the industries that they regulate, but aviation is not entirely unscathed by the latest belt tightening aimed at boosting China's weak economy and currency. Heading the list ...
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News in Brief
EasyJet seeks listing - UK low-cost carrier easyJet has announced that it intends to seek a listing on the London stock exchange and the US Nasdaq market early next year, to finance the purchase of the new aircraft it has on order. A spokesman also said that easyJet would drop ...
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Low cost or bust
Europe's low-cost experiment is in full flow, but are there casualties waiting? Ever since the low-cost formula began to take root in Europe a couple of years ago, industry observers have been waiting keenly for the first start-up to fail. Even the low-cost pioneers themselves have expressed surprise that ...
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Carrier of controversy
Jet Airways has surmounted every obstacle to become India's dominant private carrier and pose a serious challenge to rival Indian Airlines. But its rise has been dogged by political controversy. When India opened competition in the domestic airline market about eight years ago, local entrepreneurs rushed to launch airlines. ...
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Guyana sets sell-off date
The government of Guyana is hoping to have handed over control of Guyana Airways Corporation (GAC) by the end of April. The government's privatisation unit says it had set a deadline of 16 February for would-be purchasers to submit proposals and then it was hoping to complete the sale within ...
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Swissair/Delta could win SAA deal
Lufthansa, long considered the front runner in the race for a 30% stake in South African Airways (SAA), now appears to be facing a determined combined challenge from Swissair/Delta Air Lines. The German carrier launched an aggressive public relations exercise weeks ago announcing that, if successful, it would ...
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Foreign ownership debate heats up
The debate in the USA over foreign ownership and control of airlines has come under a spotlight early in 1999 with airline and government officials discussing how a relaxation of the rules may occur. US Secretary of Transportation Rodney Slater stirred the controversy last year when he said the ...
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Japan's majors face loss of slots
Low-cost start-up carriers appear to be having more of an impact on Japan's "big three" than expected and new rules are on the way that could erode their dominance on busy domestic routes. The "big three" - All Nippon Airways, Japan Airlines and Japan Air System - are ...