Strategy – Page 114
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NewsPorter orders 30 E195-E2s, outlines major expansion
Canada’s Porter Airlines has ordered 30 Embraer 195-E2s and taken options to acquire a further 50 of the jets, while also announcing plans to expand its operation to include flights at Toronto Pearson airport.
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NewsAegean to restore 80% of capacity as losses narrow
Aegean Airlines’ losses almost halved year on year in the first quarter of 2021, and the Greek carrier aims to restore 75-80% of its capacity in the third quarter.
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NewsJet2 waits on summer demand after losses in pandemic-hit year
UK leisure carrier Jet2 continues to have “limited visibility” for the key summer period and the coming winter season as it eyes a pick-up in travel demand after posting an operating loss of £373.8 million ($463.9 million) for the pandemic-hit year to March 2021.
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NewsTwo months after launch, Avelo cuts destination cities, raises prices
Just over two months after launching operations, US startup carrier Avelo Airlines is pulling back service to several of its launch cities, and raising prices.
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NewsWestJet names Diederik Pen as new COO
Canada’s WestJet has appointed former Wizz Air executive Diederik Pen to be its next chief operations officer.
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NewsNumber of US air travellers exceeded 2019 levels two days last week
More people travelled by air on two consecutive days around last weekend’s US Independence Day holiday weekend than did on the same days in pre-coronavirus 2019, the government agency responsible for airport security says.
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NewsAegean awarded state funds following successful capital increase
Aegean Airlines has received a €120 million ($142 million) grant from the Greek government, after completing a required €60 million share capital increase.
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NewsCanada’s Porter to restart flights in September with federal aid
Porter Airlines intends to resume operations on 8 September, following months of delays as the regional carrier watched for signs that Canada would loosen travel restrictions and that demand for flights would return.
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NewsIndonesia AirAsia suspends all flights as tightened restrictions kick in
Indonesia AirAsia will suspend all scheduled flights across its network for a month, as Indonesia tightens restrictions on the islands of Bali and Java to curb the spread of coronavirus.
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NewsJetstar Japan names new chairman
Jetstar Japan has appointed Nick McGlynn as its new chairman, replacing Yasuhiro Nakamura, who retired on 30 June.
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NewsCyprus Airways unveils new ownership and chief executive
Cyprus Airways has been acquired by Malta’s SJC Group and has named George Mavrocostas as its new chief executive.
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NewsIndian low-cost carrier Go First faces delay in IPO
Indian low-cost carrier Go First — formerly known as GoAir — hit a roadblock in its planned market listing, with the securities and exchange regulator temporarily halting the airline’s IPO.
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NewsJAL fortifies low-cost strategy with Jetstar Japan, Spring Japan investments
Japan Airlines will make additional investments in two of its three low-cost units, Jetstar Japan and Spring Japan, as it looks to build up a low-cost network centred around its Tokyo Narita hub.
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NewsSpiceJet to raise Rs25 billion as loss-making streak continues
Indian low-cost carrier SpiceJet will raise Rs25 billion ($336 million) to beef up its war chest against the coronavirus pandemic, which has battered its profitability.
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NewsAlaska aims to become ‘most fuel-efficient’ US airline: CEO
Alaska Airlines is aiming to become the most fuel-efficient US airline in the next five years, the airline’s chief executive says.
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NewsRavn Alaska considering using 757s to launch new operation: reports
Alaskan regional airline Ravn Alaska is reportedly considering a major expansion, using Boeing 757s to launch flights from its home state to Asia and the contiguous USA.
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NewsKorean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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NewsVietJet to raise 15% of charter capital and $300m in bonds
VietJet’s shareholders have approved a private shares placement for up to 15% of its charter capital and a $300 million bond offering.
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NewsUnited orders 270 Airbus and Boeing narrowbodies, plans to retire 200 50-seat jets
United Airlines has placed orders for a combined 270 Airbus and Boeing narrowbody jets, including 200 737 Max and 70 A321neos – a pair of massive deals that signal that the US airline industry is recovering from the Covid-19 pandemic.
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NewsGaruda aiming to complete restructuring by year-end
Garuda Indonesia is targeting to complete its restructuring within the year but did not commit to a timeline for the process or further steps to pay off its debts.