All Strategy articles – Page 143
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NewsCorsair fleet renewal begins as it takes first higher-weight Airbus A330neo
French leisure carrier Corsair has taken delivery of its first Airbus A330-900 on lease from Avolon, becoming the first operator to take the higher-weight version of the widebody.
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NewsPandemic pushes China’s ‘Big Three’ into big full-year losses
China’s three largest carriers swung deeply into the red in 2020, despite a domestic air travel recovery, as the “unprecedented impact” of the coronavirus outbreak punished their profitability.
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NewsKorean Air floats 2024 for finalisation of Asiana acquisition
Korean Air estimates that “all aspects” of its acquisition of Asiana Airlines will be finalised by 2024, as the flag carrier has “readjusted” its timeline for international regulatory approvals.
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NewsHainan’s creditors seek to claw back more CNY200 billion
More than 1,500 creditors are hoping to claim more than CNY201 billion ($36 billion) from Hainan Airlines, the embattled flagship airline unit of China’s HNA Group, as a creditors’ meeting draws nearer.
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NewsAirAsia sees recovery signs ahead after heavy 2020 loss
Low-cost carrier group AirAsia posted a net loss of MYR5.9 billion for 2020 as revenue slumped 74% and it was hammered by one-off costs during the pandemic-hit year.
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NewsUnited back at JFK, with Los Angeles and San Francisco flights
United Airlines is back at New York’s John F Kennedy International airport.
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NewsASL’s UK cargo start-up launches services
ASL Aviation Holdings’ new UK cargo airline has carried out its first flight today after becoming the first fixed-wing carrier to secure an air operator certificate (AOC) from the UK CAA since Brexit.
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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.