Strategy – Page 135
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NewsStudents flock to some US flight schools despite aerospace industry woes
Evidence suggests that student pilots continue streaming into US flight schools despite the Covid-19 pandemic having left the world’s airline industry scrambling to survive.
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NewsWestJet cuts more staff and flights, citing Canadian travel restrictions
Canadian low-cost carrier WestJet is laying off more employees and cutting its already pared network by another third, citing government travel restrictions.
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NewsOnline travel agency sues JetBlue for 'unfair fare practices'
An online travel agency group is suing low-cost carrier JetBlue Airways for removing its flights from the external travel portals, forcing customers to book more expensive fares through the airline’s own website.
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NewsAir travel demand flatlined in November: IATA
Air travel demand remained sharply down in November, IATA’s latest industry statistics show, as resurgent Covid-19 cases and renewed travel restrictions battered passenger confidence.
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NewsAir cargo volumes to reach 2019 levels by March or April: IATA
Global air cargo volumes sank more than 6% year on year in November, but remain on track to return to 2019 levels by March or April, according to IATA.
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NewsTunisair names Hamdi as new chief executive
North African carrier Tunisair has appointed Olfa Hamdi as its new chief executive, replacing Elyes Mnakbi, who left the state-owned airline in July 2020.
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NewsThai Airways gets extra month to submit restructuring plan
Thai Airways International has been granted a one-month extension of the deadline to submit its rehabilitation plan which will outline how its business will be restructured.
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsVietnam Airlines to raise $350m equity from shareholders
Vietnam Airlines plans to issue D8 trillion ($350 million) worth of ordinary shares for sale to existing shareholders to supplement working capital and pay down debt.
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NewsAmerican, Alaska ban emotional support animals inside the cabin
American Airlines and Alaska Airlines are shutting down the practice of bringing so-called “emotional support animals” (ESAs) into aircraft cabins, after the US Department of Transportation (DOT) last month gave passenger carriers the right to ban them.
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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NewsAir India sale delayed as government scraps shortlist deadline
India’s government has hit another stumbling block in its years-in-the-making sale of flag carrier Air India. The timeline for the sale is now uncertain after the government decided against informing bidders today as to whether they had been shortlisted. Source: Boeing It had previously stated that it ...
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NewsQantas eyes international network restart in July, amid government criticism
Qantas is looking to restart international flights from July, in a move that has earned the rebuke of the Australian government.
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NewsAsiana appoints new chief in ‘significant’ reshuffle ahead of acquisition
Asiana Airlines has reshuffled its senior leadership team in a move to “revitalise” the carrier, which will see a new chief executive appointed and seven positions cut.
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NewsChina Airlines closes chapter on 747 passenger operations
China Airlines will phase out the last of its passenger Boeing 747-400s by early 2021, becoming the latest carrier in the region to retire the type, which it has operated for more than 30 years.
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.
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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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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