Strategy – Page 134
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NewsAir Canada to expand cargo business through 767 sale, leaseback
Air Canada is having two passenger Boeing 767-300ERs converted to freighters, and also selling the jets and leasing them back.
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NewsNorwegian to exit long-haul market
Troubled low-cost carrier Norwegian is abandoning its long-haul network as it sets out a scaled-back business model focused on Norwegian domestic, regional Scandinavian, and key European services. “Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model,” states chief ...
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NewsSIA issues $500 million dollar-denominated discount bonds
Singapore Airlines plans to issue $500 million of bonds at a discount to par.
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NewsUnited waives fare change charges for US-bound customers
United Airlines is waiving fare difference charges for international passengers who choose to travel to the United States before the nation’s blanket coronavirus testing requirement begins on 26 January.
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NewsDelta hires former Bombardier chief executive Bellemare
Delta Air Lines has named former Bombardier chief executive Alain Bellemare to be its new President-International, the carrier says.
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NewsAir Canada cuts more jobs and capacity
Air Canada will once again reduce its employee count and shrink its network, citing new Canadian travel restrictions aimed at mitigating the spread of the coronavirus.
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NewsThai Airways on track with rehabilitation plan: president
Thai Airways acting president Chansin Treenuchagron has offered reassurance that the carrier is working “diligently” to ensure its rehabilitation plan will be submitted by its “specified timeframe”.
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NewsCondor files complaint after Lufthansa ends feeder deal
German leisure carrier Condor has complained to federal competition authority Bundeskartellamt about Lufthansa Group’s decision to terminate a feeder flight agreement.
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NewsRegional jets will be ‘tactical weapon’ in airline recovery: CityJet chief
Regional jets are likely to become an important tool for Europe’s mainline carriers as the recovery from the Covid-19 crisis begins, according CityJet chief executive Pat Byrne.
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NewsAustrian to start 767 phase-out in March
Austrian Airlines is preparing to retire Boeing 767s as part of a wider fleet-reduction effort.
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NewsQatar Airways will only retain half of its A380 fleet
Qatar Airways will only operate half of its A380s at best if it brings the widebodies back into service, according to the airline’s chief executive Akbar Al Baker.
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NewsTransat rejects takeover bid from billionaire investor
Transat AT, the parent of Canadian holiday specialist Air Transat, is publicly rejecting an unsolicited potential takeover bid as the company waits for regulatory approval of its sale to Air Canada
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NewsUS DOT clears planned American-JetBlue partnership: airlines
JetBlue Airways and American Airlines say the US Department of Transportation (DOT) has cleared their planned strategic alliance, despite low-cost carriers warning that the tie-up may stifle competition.
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NewsCanada names new Transport Minister
Canada has named a new Minister of Transport in a cabinet reshuffle as the country’s airline industry continues to suffer from the effects of the global coronavirus crisis
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NewsJet2 suspends flights until late March
UK airline Jet2 is extending its suspension of all flights up to and including 25 March because of the “ongoing uncertainty and travel restrictions caused by the Covid-19 pandemic”.
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NewsAeromexico terminates collective bargaining agreements with pilots, flight attendants
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, has requested to terminate its collective bargaining agreements with its pilots’ and flight attendants’ unions, as it struggles to continue operating through the ongoing global coronavirus pandemic.
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NewsSpirit, Southwest reiterate concerns about JetBlue-American partnership
Spirit Airlines and Southwest Airlines have “serious competitive concerns” about the planned strategic partnership between JetBlue Airways and American Airlines.
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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.