All Strategy articles – Page 1132
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News
Air France Europe shuttle makes good
Air France subsidiary Air France Europe, reports a "successful" first month's operations with its new high-frequency shuttle service between Paris/Orly and Marseille, Nice and Toulouse. The airline introduced the services in October in response to increased competition from independent carriers, even though one, Air Liberté, has since gone ...
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Airliners of the World
Airbus and Boeing vie for victory in the high-capacity market. After a string of new airliner model go-aheads last year, 1996 has seen the launch of only one new model - the 757-300 - as the major manufacturers concentrated on the definition of new high-capacity models. ...
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Viasa plans await employee approval
Julia Hayley/MADRID Iberia's plan for restructuring loss-making Venezuelan airline Viasa, which includes cuts to jobs and routes, has been approved by the other major shareholders, but must now be cleared by the employees by 15 January. Iberia put forward the plan in a bid to recover ...
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Sextant Avionique pins hopes on its ATM business
Julian Moxon/Paris Sextant Avionique expects its fast-growing air-traffic-management (ATM)-systems business to net more than a one-third share of the market and add nearly Fr500 million ($100 million) in sales by the end of the century. Sextant and its parent, Thomson-CSF, launched a major initiative at ...
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Dragonair
Dragonair has appointed Stanley Hui as chief executive from 1 February, 1997. He is now seconded by Cathay Pacific Airways to Air Hong Kong as its chief operating officer. Hui replaces Philip Chen, who will return to Cathay to replace Simon Heale as deputy managing director from March 1997. Heale ...
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September profit as Lufthansa ends poor year
Lufthansa recovered some of its poise in the September quarter with a steady profits performance, but doubts that its full-year results will be able to match the record earnings of 1995. The group suffered an unexpected tumble in profits during the first half of 1996 as the anticipated ...
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KLM share sale?
Dutch national carrier KLM confirms that it is holding "exploratory talks" with the Netherlands Government over the sale of part of the state's 38.2% stake in the group. Although KLM is struggling to contain costs, which has put pressure on its share price, the group points to the underlying strength ...
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How long can profits last
After a good 1995, US airlines are, with some exceptions, moving towards an even better profit picture this year. And well it should be. If not now, one would have to ask: When? As the year of the 10 per cent ticket-tax boost draws to a close, and ...
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ESOP reflects a united front
In his Dateline Washington column on United's Esop (Airline Business, October), Mead Jennings arrives at erroneous conclusions based on what can only be described as misinformation. Allow me to put the record straight. * United's Esop structure is unique in business history in that it contains a sunset ...
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Aircraft news
TAP Air Portugal has ordered 18 Airbus A319s and taken an option on eight more, for delivery between December 1997 and June 2000, as part of its decision to become an all- Airbus operator. Cathay Pacific is ordering three more A340-300s. Dragonair will purchase two A320s, with options on five ...
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2000 anyone? A real date oddity
The disabling effect of the millennium date change on software applications seems a minor issue, but the implications for management are enormous. Air transport is just waking up to the problem, which could cost the industry $2 billion. By Mark Odell. Consider these imponderables. How long is a piece of ...
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Gulf Air split on horizon
Gulf Air may be on the verge of break-up amid suggestions that the emirate of Abu Dhabi is preparing to take control of the airline, perhaps within the first half of 1997. Abu Dhabi has a 25 per cent stake in the carrier and, as the richest of ...
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BA wins Air Liberte brawl
British Airways has dealt a further blow to Gallic pride by winning the battle to take over insolvent Air Liberté, thereby strengthening BA's position in the French market. The commercial tribunal in Creteil opted for BA's recovery plan for Air Liberté over a rival bid from Virgin Express. ...
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Airline News
British Airways has increased services from London/Heathrow to Johannesburg to 13 flights per week and added two weekly services to Singapore and a third to Beijing. BAalso has increased frequencies from Heathrow to Geneva, Milan, Mexico City, Barbados, Tehran, Jakarta. BA's flights to Oporto have transferred from Heathrow ...
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Amwest slow to fix things
America West Airlines has again illustrated the cost of fast growth. While other US airlines enjoyed an average increase of 22 per cent in third quarter net profits, the Phoenix-based carrier returned a $53 million operating loss at the same time as it happens to be the only US carrier ...
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Asia takes a lead
Asian airports led the way in traffic growth in 1995 and the first half of 1996, as most major airports worldwide benefited from steady airline traffic growth. A less pronounced increase in airport movements, however, indicates more efficient use of aircraft as congestion makes its mark. Financially, general airline recovery ...
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Thai avoids battle royal
Competition to become Thailand's second 'flag' carrier appears to be thinning amid concerns that the regulatory framework favours Thai Airways on both domestic and international routes. Fledgling Princess Airlines has emerged as the frontrunner to win government approval to join Thai as the country's second designated international carrier. ...
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Latin links before BA?
As British Airways and American Airlines continue their behind-the-scenes efforts to obtain approval for their controversial transatlantic alliance, the US major is intensifying efforts to secure its dominance in South America through further linkups. Ian Lang, the president of the UK's Board of Trade, is delaying his pronouncement ...
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Geneva set to fight back
Stung by Swissair's withdrawal of most longhaul flights, Geneva airport is fighting to attract replacement traffic by cutting landing fees and offering fifth freedom traffic rights, and says several Geneva-based startup carriers are in the planning stage. The airport will cut all landing fees by 10 per cent ...
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Why Concert deal should ring a bell
It may only be a matter of time before cross-border airline mergers are allowed. UK carrier in $33 billion US takeover, says the newspaper headline. Britain's leading carrier is to acquire 100 per cent ownership of its US alliance partner. The newly merged company will be domiciled in the UK ...