All Strategy news – Page 144
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NewsSouthwest orders 100 737 Max 7s, takes 155 options
Southwest Airlines has ordered 100 Boeing 737 Max 7s, a deal that cements the manufacturer as Southwest’s long-term aircraft partner and throws enormous support behind the Max programme.
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NewsThai eyes profitability from 2023, as potential delisting looms
Embattled Thai Airways has disclosed that it expects to become profitable again from 2023 and return to positive equity by 2030.
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NewsCivil aviation minister forecasts bleak 2020 results for Air India
Air India is forecast to widen its full-year net loss to Rs97.8 billion ($1.35 billion), even as the Indian government reiterated its support for the long-drawn divestment of the national carrier.
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NewsLawmakers urge US to establish pre-clearance facility in Taiwan
A bipartisan group of US lawmakers are urging the US government to establish a pre-clearance immigration facility at Taiwan Taoyuan International airport.
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NewsSmartwings exits creditor protection after securing loan
Smartwings has signed a Kc2 billion ($90 million) loan agreement with a syndicate of banks under the the Czech Government’s Covid Plus support programme helping it to come out of a moratorium with creditors it has been in since the pandemic hit. The Kc2 billion loan with four banks is ...
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NewsIrish High Court approves Norwegian restructuring
Ireland’s High Court has approved Norwegian’s plan for financial reconstruction, leaving Norway to render a decision on the carrier’s proposal.
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NewsWHO and ICAO call for aircrew priority in vaccine rollout
The World Health Organization and International Civil Aviation Organization (ICAO) have joined forces with other UN bodies to urge that aircrew, along with seafarers, be given priority in vaccination rollouts.
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NewsEuropean airlines seek joined-up approach to lifting restrictions
European airlines are urging EU member states to adopt a joint process to reopening their borders that includes co-ordination on testing, vaccination certificates and travel restrictions.
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NewsIATA calls on Latin American governments to modernise air transport
IATA has unveiled a four-prong plan it says can help make Latin America’s air transport industry more equitable and competitive following the coronavirus crisis.
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NewsAirports body predicts travel surge but warns of $94bn revenue loss in 2021
Airports industry body ACI World expects a “surge” in travel demand during the second half of 2021, but that global passenger numbers will still be down some 47.5% for the full year compared with pre-Covid levels.
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NewsAustrian to reduce fleet and staffing levels
Austrian Airlines intends to make further cutbacks to its active fleet and headcount, and has warned that it will miss the earnings targets it outlined last year.
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NewsAmerican prepays CARES Act loan with $10bn financing proceeds
American Airlines has closed a previously announced $10 billion financing backed by its customer loyalty programme and used a portion of the proceeds to prepay its CARES Act loan to the US Treasury.
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NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
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NewsStart-up Norse Atlantic plans $152 million private placement
Norwegian long-haul start-up Norse Atlantic is seeking to raise NKr1.28 billion ($152 million) via a private placement and plans to list on Olso’s Euronext Growth exchange.
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NewsAir Baltic’s all-A220 fleet to help it ‘fly out’ of crisis: chief
Air Baltic chief executive Martin Gauss has reaffirmed the carrier’s commitment to an IPO, and expressed confidence that its strategy to become an all-Airbus A220 operator makes it “well-positioned” to emerge from the Covid-19 crisis.
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NewsAer Lingus to launch transatlantic flights from Manchester in July
Irish carrier Aer Lingus has confirmed moves to launch its first transatlantic flights from the UK after disclosing plans to begin services from Manchester to New York JFK and Orlando this summer.
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NewsIAG uses Gatwick slots to secure new $1.8 billion credit revolver
IAG has signed a $1.76 billion revolving credit facility with a syndicate of banks, using take-off and landing slots at both London Heathrow and Gatwick airports as collateral.
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NewsLosses treble at Kenya Airways amid worst year for traffic since 1999
Kenya Airways’ losses tripled to KShs36 billion for the 12 months to December 2020, a year in which pandemic disruption led to passenger levels falling to their lowest level since 1999.
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NewsFormer Spirit chief takes vice-chairman role at India’s GoAir
Former Spirit Airlines chief executive Ben Baldanza is to become vice-chairman of Indian carrier GoAir as it looks to strengthen its senior management and develop its ultra-low-cost model.
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NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.