All Strategy articles – Page 146
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NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
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NewsPresident Biden to sign bill providing $14bn to airlines
Both houses of the US Congress have now passed a pandemic-relief bill that would make billions of dollars in aid available for the benefit of employees at US airlines.
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NewsWizz Air UK to have four A321neos by end of May
Wizz Air’s UK operation will have four new Airbus A321neos in its fleet by the end of May after today carrying out its first flight with the Pratt & Whitney GTF-powered narrowbody.
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NewsUS DOT grants Breeze certificate to operate
The US Department of Transportation (DOT) has given start-up low-cost airline Breeze Airways the green light to begin operations.
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NewsBusiness travel will come back: United Airlines chief
It is a mistake to believe that business travel demand will be fundamentally altered by the Covid-19 pandemic, even if its recovery will lag the return of leisure markets, according to United Airlines chief executive Scott Kirby.
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NewsJetstar to shift six A320s from Japan to Australia
Low-cost carrier group Jetstar is to “temporarily” move six Airbus A320s from its Jetstar Japan unit to its Australian operation, as the latter’s relatively strong domestic market provides an outlet for capacity.
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NewsCathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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NewsCathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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NewsCovid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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NewsFrontier seeks IPO after cancelled attempt in 2020
Frontier Airlines on 8 March filed for an initial public offering of stock with the US Securities and Exchange Commission, a year after cancelling its previous bid for a $100 million offering that it initiated in 2017.
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NewsAmazon takes stake in Air Transport Services Group
Amazon Air has taken a stake in lessor and cargo operator Air Transport Services Group (ATSG), worth $132 million.
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NewsUS Congress approves aviation payroll support extension
Both houses of the US Congress have passed the third comprehensive coronavirus relief package for the air transport industry, which would grant airlines $14 billion more in payroll support as the crisis drags on.
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NewsFedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.
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NewsPegasus hopeful of rebound as restrictions dent late-2020 performance
Budget carrier Pegasus Airlines saw curfews and lockdowns in Turkey dent demand towards the end of 2020, but it remains hopeful of a strong traffic rebound going into the second half of 2021.
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NewsAzul spools up for speedy recovery
Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing for a stronger-than-industry-average recovery, especially across its domestic network and cargo operations.
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NewsEtihad operating loss more than doubles in 2020
Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020.
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NewsLufthansa Group fleet fell by six aircraft in 2020, but dozens will follow
Lufthansa Group’s fleet was just six aircraft smaller year on year on 31 December 2020, as it made tentative steps towards a much larger reduction.
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NewsSpirit chief bets on A320neos and A321neos for capacity growth
Spirit Airlines continues to target mid-2021 as the inflection point when its capacity returns to pre-pandemic levels and is betting on new Airbus A320neo and A321neo aircraft for its expansion plans, two executives from the carrier said during an online discussion on 3 March.
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NewsSky Regional to cease operations end-March: reports
Sky Regional airlines will cease to operate from 31 March after Air Canada transferred all of its Air Canada Express flying to Jazz Aviation, according to numerous reports in Canadian media.
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NewsMesa plans joint venture to fly CRJ900s in Europe
Mesa Air Group on 2 March announced a conditional agreement with London-based Gramercy Associates to launch a joint venture to operate Mesa’s Bombardier CRJ900 aircraft on passenger or cargo routes in Europe by the end of 2021.