All Strategy news – Page 154
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NewsPorter Airlines delays restart to 29 March
Canada’s Porter Airlines has once again delayed resuming flights, and is now targeting a date more than one year after it shut down due to the global coronavirus crisis.
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NewsEasyJet raises $1.9 billion partially guaranteed loan
EasyJet has raised a $1.87 billion loan which is partially guaranteed by the UK’s export-credit agency. The five-year loan is underwritten by a syndicate of banks, says the low-cost carrier, and supported by a partial guarantee from UK Export Finance under its export development guarantee scheme. Source: Shutterstock ...
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NewsLatin American aviation groups urge roll back of flight bans and new travel restrictions
The Latin American and Caribbean aviation industry is urging governments in the region to roll back newly imposed travel restrictions, including Covid testing requirements and flight bans on certain routes.
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NewsStudents flock to some US flight schools despite aerospace industry woes
Evidence suggests that student pilots continue streaming into US flight schools despite the Covid-19 pandemic having left the world’s airline industry scrambling to survive.
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NewsWestJet cuts more staff and flights, citing Canadian travel restrictions
Canadian low-cost carrier WestJet is laying off more employees and cutting its already pared network by another third, citing government travel restrictions.
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Airline BusinessDoes shift towards pre-flight Covid-19 testing spell disaster for airlines?
The tightening of border controls is an emerging theme in the early days of 2021, as governments react to concerns about new variants of Covid-19 and soaring infection rates in many regions.
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NewsOnline travel agency sues JetBlue for 'unfair fare practices'
An online travel agency group is suing low-cost carrier JetBlue Airways for removing its flights from the external travel portals, forcing customers to book more expensive fares through the airline’s own website.
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NewsAir travel demand flatlined in November: IATA
Air travel demand remained sharply down in November, IATA’s latest industry statistics show, as resurgent Covid-19 cases and renewed travel restrictions battered passenger confidence.
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NewsAir cargo volumes to reach 2019 levels by March or April: IATA
Global air cargo volumes sank more than 6% year on year in November, but remain on track to return to 2019 levels by March or April, according to IATA.
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NewsTunisair names Hamdi as new chief executive
North African carrier Tunisair has appointed Olfa Hamdi as its new chief executive, replacing Elyes Mnakbi, who left the state-owned airline in July 2020.
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NewsThai Airways gets extra month to submit restructuring plan
Thai Airways International has been granted a one-month extension of the deadline to submit its rehabilitation plan which will outline how its business will be restructured.
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsVietnam Airlines to raise $350m equity from shareholders
Vietnam Airlines plans to issue D8 trillion ($350 million) worth of ordinary shares for sale to existing shareholders to supplement working capital and pay down debt.
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NewsAmerican, Alaska ban emotional support animals inside the cabin
American Airlines and Alaska Airlines are shutting down the practice of bringing so-called “emotional support animals” (ESAs) into aircraft cabins, after the US Department of Transportation (DOT) last month gave passenger carriers the right to ban them.
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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NewsAir India sale delayed as government scraps shortlist deadline
India’s government has hit another stumbling block in its years-in-the-making sale of flag carrier Air India. The timeline for the sale is now uncertain after the government decided against informing bidders today as to whether they had been shortlisted. Source: Boeing It had previously stated that it ...
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NewsQantas eyes international network restart in July, amid government criticism
Qantas is looking to restart international flights from July, in a move that has earned the rebuke of the Australian government.
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NewsAsiana appoints new chief in ‘significant’ reshuffle ahead of acquisition
Asiana Airlines has reshuffled its senior leadership team in a move to “revitalise” the carrier, which will see a new chief executive appointed and seven positions cut.
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NewsChina Airlines closes chapter on 747 passenger operations
China Airlines will phase out the last of its passenger Boeing 747-400s by early 2021, becoming the latest carrier in the region to retire the type, which it has operated for more than 30 years.
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.