Strategy – Page 136
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NewsRyanair restricts voting rights to meet EU ownership after Brexit
Irish low-cost carrier Ryanair is implementing voting-right restrictions on all shares in the company owned by non-European Union nationals from 1 January 2021 to ensure the airline complies with ownership rules once the UK leaves the EU. The measures date back to resolutions put in place in March 2019 to ...
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NewsSouthwest rescinds furlough warning notices
Southwest Airlines is rescinding its warnings of imminent furloughs to almost 7,000 employees after US president Donald Trump signed a government funding bill that sets aside a second tranche of coronavirus pandemic-relief funds for US airline workers.
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NewsTrump signs law providing pandemic aid to US airlines
US president Donald Trump has signed a US government funding bill that sets aside a second tranche of pandemic-relief funds for US airline workers, according to a Trump administration spokesperson.
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NewsLufthansa agrees savings deal with pilots until March 2022
Lufthansa has struck a cost savings deal with its pilots which will avert layoffs until March 2022.
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NewsGreece cleared for €120m state contribution to Aegean
European regulators have approved Greek plans to contribute €120 million ($146 million) as part of recapitalisation plans for Aegean Airlines. Greece notified the European Commission of plans for an aid measure to compensate Aegean for damage suffered from travel restrictions imposed between 23 March 2020 to 30 June 2020. The ...
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NewsAlitalia replacement ITA plans 2021 start with 52 aircraft: reports
The new Italian airline being established to replace Alitalia has outlined plans to commence operations in April 2021 with an operation about half the size of its predecessor’s, according to media reports in Italy.
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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NewsUS DOT approves Aer Lingus to join transatlantic venture
The US Department of Transportation has granted antitrust immunity for Dublin-based Aer Lingus to join an existing transatlantic joint venture between Oneworld member carriers American Airlines, British Airways, Level, Iberia, and Finnair, finalising tentative approval granted in November. This approval by the DOT gives Aer Lingus the ability to integrate ...
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NewsAtlas completes transatlantic flight using sustainable aviation fuel
Cargo carrier Atlas Air Worldwide has completed a test flight from Europe to Latin America using sustainable aviation fuel (SAF) sourced from fresh vegetable oil.
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NewsPoland secures EC approval for LOT rescue package
European regulators have cleared the Polish government’s request to provide national carrier LOT Polish Airlines with around PLN2.9 billion ($787 million) in financial support under the temporary easing of state aid rules.
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NewsBlock on UK airline travel shows need for Covid-19 testing regime: IATA
IATA believes the sudden blocking of flights from the UK by dozens of countries proves the importance of introducing universal Covid-19 testing regimes to keep international travel open.
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NewsXiamen Airlines gets capital boost from parent China Southern
China Southern Airlines will inject more capital into its subsidiary Xiamen Airlines, as part of a move to “support the development” of the latter carrier’s business.
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NewsUS airlines express relief at new coronavirus relief bill
US airlines have expressed relief after legislators in Washington, DC reached an agreement on a deal to extend payroll protections to aviation workers to the tune of $15 billion.
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NewsUS lawmakers agree on long-awaited extension of financial aid
After months of negotiations, US lawmakers in Washington, DC have agreed on an additional $900 billion relief package that gives airlines $15 billion more in payroll support to help them manage through the ongoing coronavirus crisis
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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NewsHard-hit Latin American airlines set for an uneven recovery
Latin American airlines’ climb out of the coronavirus-driven downturn will likely be bumpier than their peers on other continents. Economic instability coupled with widely divergent travel restrictions, newly imposed taxes and a lack of government financial aid will make for an uneven recovery.
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NewsRex slams Qantas for ‘opportunistic’ regional market expansion
Australia’s Regional Express has alerted the country’s competition watchdog on what it called an “opportunistic strategy of flooding the regional airline market with excess capacity” by rival Qantas.
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NewsUnited Airlines launches contact tracing for all flights
United Airlines is introducing contact tracing for all of its flights as the coronavirus pandemic continues to unsettle customers who are wary about spending time in close proximity to strangers on an airplane.
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NewsKazzaz to succeed Rousseau as Air Canada chief financial officer
Air Canada has named Amos Kazzaz as its new chief financial officer, replacing Michael Rousseau who will be taking the role of chief executive officer at the Montreal-based carrier in February.
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NewsSouthwest raises daily cash burn estimate for fourth quarter
Southwest Airlines has raised its average daily cash burn expectations for the fourth quarter as the air travel recovery stalls following exploding coronavirus case counts across the United States.