Strategy – Page 176
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NewsChina Eastern launches new carrier with C919s and ARJ21s
China Eastern Airlines has unveiled its new subsidiary, OTT Airlines, which will mainly operate Chinese-made aircraft, including Comac’s ARJ21 regional jet, and the C919 narrowbody. OTT, which is wholly-owned by China Eastern, will be based at Shanghai Hongqiao Airport, and will primarily serve the Yangtze River Delta region and other ...
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NewsThai AirAsia parent slips to loss in 2019
Thai AirAsia’s parent company posted an operating loss of Bt100 million ($3.14 million) for the whole of 2019, as costs outpaced revenues. This contrasts with a Bt660 million operating profit in 2018. Asia Aviation’s revenue for the year ended 31 December 2019 rose 3% to Bt41.6 billion. The company attributed ...
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NewsAir New Zealand debuts bunk bed concept for economy class
Air New Zealand has filed patent and trademark applications for full-length sleep pods in economy class, as it mulls installing them on its ultra long-haul routes. Unveiling the Economy Skynest, the carrier says it will decide whether or not to install the product after assessing the performance of its upcoming ...
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NewsUnited withdraws 2020 guidance ahead of its investor day
United Airlines has withdrawn the full-year 2020 guidance it disclosed on 21 January as part of its fourth-quarter 2019 earnings report because of unexpected business losses from the coronavirus outbreak in the Asia Pacific region. The Chicago-based airline had previously expected its full-year 2020 adjusted earnings per share to be ...
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NewsQatar strikes deal to restore American Airlines partnership
Middle East carrier Qatar Airways has struck a revived codeshare deal with its Oneworld partner American Airlines, two years after the US carrier ended their co-operation.
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NewsDelta increases stake in Korean Air parent company past 10%
Delta Air Lines has bumped up its stake in Korean Air’s controlling shareholder to 11%. A stock exchange disclosure by Hanjin KAL indicates that the US carrier owns 6.5 million of its shares as of 20 February, up from 5.5 million shares or 9.21% previously, through “acquisition of shares due ...
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NewsAtlas 2020 outlook hinges on coronavirus
As the end of 2019 approached, the air cargo sector was hopeful that easing trade tensions between the USA and China could allow a slight recovery for air freight demand between two of the world’s largest economies. Those hopes have been dashed as the coronavirus outbreak has brought the Chinese ...
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NewsTrans States Airlines to shutter operations as ExpressJet takes more United flying
United Express is consolidating its Embraer ERJ145 operations under ExpressJet as Trans States Airlines tells employees it is shutting down.
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NewsAsiana executives take voluntary pay cut to ride out crisis
Senior executives at South Korea’s Asiana Airlines have offered to take a pay cut to help the company through a rough patch.
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NewsAir New Zealand expects up to $47m hit from coronavirus
Air New Zealand is expecting a NZ$35-75 million ($22-47 million) hit to financial year 2020 earnings, as it weighs up the impact of the coronavirus outbreak against cheaper jet fuel. “The airline’s revenue outlook for the remainder of the year is expected to be adversely impacted as a result of ...
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NewsMoldovan start-up HiSky led by former chief of flag-carrier
Former Air Moldova chief Iulian Scorpan is heading up a private start-up budget carrier, branded HiSky, for the Central European republic. While all Moldovan carriers, with the exception of Air Moldova, FlyOne and Aerotranscargo, are blacklisted, the start-up will be formed through a partnership with a Romanian operating carrier, Cobrex ...
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NewsAuditor general’s office details ‘dire’ state of SAA organisation
South Africa’s auditor general’s office has testified to the chaotic condition of South African Airways’ organisation during a judicial commission examining allegations of corruption and fraud in state companies. The office participated for the first time in the audit of SAA’s full-year financial statement covering 2016-17. SAA was experiencing liquidity ...
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NewsAriana Afghan Airlines seeking to buy six aircraft
Afghanistan’s Ariana Afghan Airlines is the market to buy six aircraft. A tender document published on the airline’s website shows it is looking for two Airbus A330-200s, two Boeing 767-300ERs and two De Havilland Canada Q300s. The closing date for bids is 26 February 2020. The airline says in the ...
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NewsNew Swiss airline FlyBair partners with Helvetic
A partially crowdfunded Swiss airline named “FlyBair”, to be headquartered in Switzerland’s capital Bern, says that it has partnered with regional carrier Helvetic Airways ahead of beginning service to European vacation destinations from May 2020.
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NewsAtlas Air reports $293m loss in 2019 as it writes down 747-400 fleet
Aircraft lessor and air freight company Atlas Air Worldwide Holdings reported a loss for 2019 as it wrote down parts of its fleet due to lower cargo business during the year.
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NewsGol Q4 profit falls as Max crisis lingers
Brazil’s Gol continues to suffer from the fallout of the grounding of its seven Boeing 737 Max aircraft, reporting fourth quarter net income that was almost half of that reported for the same period in 2018.
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NewsCondor tie-up with LOT cleared by German authorities
German competition regulator Bundeskartellamt has cleared Polish firm Polska Grupa Lotnicza’s acquisition of leisure carrier Condor. The regulator has determined that there is “no relevant overlap” between the activities of Condor – formerly part of Thomas Cook Group – and Polish flag-carrier LOT, a subsidiary of PGL. Bundeskartellamt president Andreas ...
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NewsAir France-KLM studies fleet options if coronavirus impact lasts
Air France-KLM is considering how it could redeploy summer capacity to other markets where demand is stronger in the event of an extended coronavirus impact on its Chinese and broader Asian networks.
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NewsFuel costs and cargo slump drag Air France-KLM profits down in 2019
Air France-KLM full-year operating profits slipped nearly a fifth in 2019 as higher fuel costs and a deteriorating cargo market hit its performance.
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NewsQantas approaches future fleet with eye for competitive edge, simplification
Qantas Airways continues to evaluate a number of aircraft types, including new narrowbodies as well as Boeing’s proposed New Mid-Market Airplane (NMA). A slide accompanying the airline’s first half results presentation outlines the airline’s thinking in regard to fleet, dividing aircraft types into four categories: exit fading technology, mainstream ...