All Strategy news – Page 100
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NewsSurf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
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NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
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NewsChina Southern latest Chinese carrier to cut 737 Max from fleet outlook
China Southern Airlines has excluded the Boeing 737 Max aircraft from its near-term fleet forecasts, the latest in a string of Chinese carriers to do so, amid uncertainty over the type’s return to service in one of Boeing’s key markets.
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NewsUnited executive does not foresee changes to USA’s pilot-qualification rule
Comments made by a top US airline executive suggest efforts to ease flight-hour rules for new pilots might lack support from at least one major US carrier.
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NewsJetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).
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NewsWizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
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NewsSpirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
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NewsGol CEO Kakinoff to step down, Ferrer to take helm
Longtime Gol chief executive Paolo Kakinoff will step down from his post in July, with current chief operating officer Celso Ferrer to succeed him as CEO.
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NewsJetBlue urges Spirit shareholders to scuttle planned Frontier acquisition
JetBlue Airways has launched another push to take over Spirit Airlines by urging the low-cost carrier’s shareholders to vote against a planned acquisition by Frontier Airlines.
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NewsO’Leary sees strong summer peak but cautions recovery is still ‘fragile’
Ryanair chief executive Michael O’Leary says the carrier is reluctant to offer profit guidance for the coming financial year based on the “fragile” nature of the travel industry’s recovery and the potential for future headwinds such as a recession or a resurgence of Covid-19.
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NewsNorwegian talks to Airbus and Boeing over desire to own 'maybe over 50%' of its fleet
Scandinavian low-cost carrier Norwegian has ambitions to own a significant proportion of its fleet, as looks beyond the leased capacity already secured for the 2023 summer season.
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NewsCopa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
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NewsScoot chief to take the helm of Air India
Scoot chief executive Campbell Wilson is to step down from the SIA Group low-cost unit in mid-June to head newly-privatised Air India.
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NewsCopa posts $20m profit in first quarter, warns of high jet fuel prices
Copa Holdings, the parent of Panama’s Copa Airlines, says the first quarter of 2022 was profitable, but higher jet fuel prices will weigh on earnings during the next few months.
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NewsSpirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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NewsLATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
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NewsHawaiian invests in Regent seagliders
Hawaiian Airlines has made a strategic investment in all-electric seaglider developer Regent, viewing the company’s in-development craft as having potential to operate inter-island routes.
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NewsAvianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
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Airline BusinessWillie Walsh on the airline sector’s route to recovery and a sustainable future
A year since taking the helm at IATA, the former IAG chief is keeping the pressure on regulators and suppliers not to derail airlines’ journeys out of the depths of the pandemic and on to profitability, while supporting the industry’s move to the front foot in tackling its environmental challenges
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NewsFrankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.