All Strategy news – Page 155
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Airline BusinessWhich airlines launched, failed or merged during 2020
Such has been the magnitude of the pandemic impact on air travel demand that the airline industry has to some extent been in a stasis since March - and with it so too has much of the normal merger activity, start-ups and airline failures.
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NewsWizz Air Abu Dhabi confirms Athens for first flight
Wizz Air’s new Abu Dhabi unit will operate its first flight on 15 January, to Greek capital Athens, part of an initial network of destinations across the Mediterranean and Caucasus regions. Services to another Greek city, Thessaloniki, will begin on 4 February, to be followed in the coming months by ...
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NewsUnited calls on US presidential transition team to restore air travel
United Airlines has appealed to advisors of US President-elect Joe Biden to set up a task force that would re-establish air travel as the global coronavirus pandemic leaves carriers to flounder amid continued depressed demand.
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Airline BusinessWill new realities clear path for Qantas-JAL joint venture approval?
The proposed joint venture between Japan Airlines (JAL) and Qantas underlines the horrendous state and uncertain future of Asia-Pacific’s international air travel markets.
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NewsSecond Alitalia Covid package cleared as earlier state aid probes continue
European competition regulators have cleared a second tranche of Italian aid to national carrier Alitaila as compensation for disruption to travel caused by the pandemic, though its existing state aid probes into Italy’s earlier support for the carrier continue.
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NewsAirAsia agrees to sell 32.7% of Indian carrier to Tata
AirAsia has agreed terms on the sale of a 32.7% stake in its joint venture carrier AirAsia India to the carrier’s existing co-shareholder Tata Sons
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NewsRyanair restricts voting rights to meet EU ownership after Brexit
Irish low-cost carrier Ryanair is implementing voting-right restrictions on all shares in the company owned by non-European Union nationals from 1 January 2021 to ensure the airline complies with ownership rules once the UK leaves the EU. The measures date back to resolutions put in place in March 2019 to ...
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NewsSouthwest rescinds furlough warning notices
Southwest Airlines is rescinding its warnings of imminent furloughs to almost 7,000 employees after US president Donald Trump signed a government funding bill that sets aside a second tranche of coronavirus pandemic-relief funds for US airline workers.
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NewsTrump signs law providing pandemic aid to US airlines
US president Donald Trump has signed a US government funding bill that sets aside a second tranche of pandemic-relief funds for US airline workers, according to a Trump administration spokesperson.
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NewsLufthansa agrees savings deal with pilots until March 2022
Lufthansa has struck a cost savings deal with its pilots which will avert layoffs until March 2022.
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NewsGreece cleared for €120m state contribution to Aegean
European regulators have approved Greek plans to contribute €120 million ($146 million) as part of recapitalisation plans for Aegean Airlines. Greece notified the European Commission of plans for an aid measure to compensate Aegean for damage suffered from travel restrictions imposed between 23 March 2020 to 30 June 2020. The ...
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NewsAlitalia replacement ITA plans 2021 start with 52 aircraft: reports
The new Italian airline being established to replace Alitalia has outlined plans to commence operations in April 2021 with an operation about half the size of its predecessor’s, according to media reports in Italy.
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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Airline BusinessHow European states stepped in to support grounded airlines in 2020
European governments have stepped in with an unprecedented level of financial support to keep airlines in the region afloat during the pandemic, with the likelihood of further funding required in the year to come.
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NewsUS DOT approves Aer Lingus to join transatlantic venture
The US Department of Transportation has granted antitrust immunity for Dublin-based Aer Lingus to join an existing transatlantic joint venture between Oneworld member carriers American Airlines, British Airways, Level, Iberia, and Finnair, finalising tentative approval granted in November. This approval by the DOT gives Aer Lingus the ability to integrate ...
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NewsAtlas completes transatlantic flight using sustainable aviation fuel
Cargo carrier Atlas Air Worldwide has completed a test flight from Europe to Latin America using sustainable aviation fuel (SAF) sourced from fresh vegetable oil.
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NewsPoland secures EC approval for LOT rescue package
European regulators have cleared the Polish government’s request to provide national carrier LOT Polish Airlines with around PLN2.9 billion ($787 million) in financial support under the temporary easing of state aid rules.
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NewsBlock on UK airline travel shows need for Covid-19 testing regime: IATA
IATA believes the sudden blocking of flights from the UK by dozens of countries proves the importance of introducing universal Covid-19 testing regimes to keep international travel open.
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NewsXiamen Airlines gets capital boost from parent China Southern
China Southern Airlines will inject more capital into its subsidiary Xiamen Airlines, as part of a move to “support the development” of the latter carrier’s business.
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NewsUS airlines express relief at new coronavirus relief bill
US airlines have expressed relief after legislators in Washington, DC reached an agreement on a deal to extend payroll protections to aviation workers to the tune of $15 billion.