Word: usair
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...DEAL GONE THROUGH, AIR TRAVELERS could have flown from St. Louis to Nairobi with a single check-in and minimal airport delays. But British Airways withdrew its plan to invest $750 million in struggling USAir after U.S. Transportation Secretary Andrew Card vowed to reject the arrangement. Card balked at the partnership, which would have plugged USAir flights into British Airways' globe-spanning route map, after Britain refused to give U.S. carriers expanded use of London's Heathrow Airport...
...transatlantic tensions, the U.S. Department of Transportation has tentatively approved the proposed merger of Northwest and KLM Royal Dutch airlines. The endorsement comes as Washington and European countries spar over "open skies" agreements. Britain, for instance, is pressing the U.S. to okay a proposed alliance between British Airways and USAir. The Americans are also squabbling with France and Germany over airport landing rights. U.S. airlines have generally opposed making any concessions unless European countries reciprocate by opening their markets to American carriers. By giving the green light to KLM, Washington is hoping the Europeans will make the next move...
...contrast to the USAir agreement, the Continental deal is unlikely to touch off much controversy. For one thing, the Canadian market is not as hotly pursued as the destinations involved in other evolving partnerships. Air Canada and Air Partners, the Fort Worth-based investment group participating in the deal, will split their stake, each taking 27.5% ownership in Continental. American Airlines chief Crandall praised the Continental agreement last week as "a good, fair, free-trade-based, cross-border investment deal." Having satisfied Continental's creditors, the deal must now win the approval of the U.S. bankruptcy court overseeing the Houston...
Even the Big Three U.S. airlines protesting the British Airways-USAir deal are making connections of their own. Delta has quietly aligned itself with Singapore Airlines and Swissair, each of which own 5% of the Atlanta carrier's stock. American has held talks with Canadian Airlines International. The Airline Monitor's Greenslet expects six or eight key global alliances to take shape before the end of the decade...
...deal is the latest in a flurry of international partnerships being formed as the world's airlines shoot it out for passengers. By far the most controversial is USAir's plan to sell a 44% stake to British Airways for $750 million. The transatlantic combo would rank as one of the three biggest airlines in the world, linking 339 destinations in 71 countries. Most alarming to U.S. carriers, the arrangement would give British Airways, one of the world's strongest carriers, unlimited access to American markets. President- elect Bill Clinton and Ross Perot joined the chorus of alarm during...