Strategy – Page 179
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NewsChinese carriers cut capacity over global travel restrictions
Airlines in China have begun cancelling flights to a growing list of international destinations, in light of travel restrictions imposed following a novel coronavirus outbreak. As the number of confirmed cases in China and around the world continues to climb, countries like Singapore, Vietnam, the Philippines and the ...
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NewsAmerican pilots file lawsuit for immediate halt to China flights
American Airlines pilots, represented by the Allied Pilots Association (APA), have filed a lawsuit seeking an immediate halt to the carrier’s flights to mainland China. This came shortly after the World Health Organization (WHO) declared the coronavirus outbreak in China an international public health emergency on 30 January. The union ...
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NewsSIA Group slashes capacity to China over coronavirus outbreak
Singapore Airlines and SilkAir have cut a number of flights to China for February, as the outbreak of the novel coronavirus continues its unabated spread. The capacity cuts will affect SIA flights to Beijing, Shanghai Pudong and Guangzhou. SilkAir, meanwhile, will be reducing the number of flights to all four ...
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NewsAmerican reaches tentative agreement with unions
American Airlines says it has reached a tentative collective bargaining agreement with unions representing 31,000 employees, after an acrimonious year-long standoff led to the delay or cancellation of more than a thousand flights. The Fort-Worth-based carrier did not release details of the agreement and says it is still subject to ...
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NewsANA and Singapore Airlines ink joint venture agreement
Star Alliance carriers All Nippon Airways and Singapore Airlines have signed a joint venture agreement to deepen their existing partnership. The agreement, subject to regulatory approval, would allow both carriers to widen their partnership beyond Singapore and Japan, to “key markets” such as Australia, India, Indonesia and Malaysia. ...
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NewsIndiGo shareholders reject move to change stock sale rules
Shareholders at the parent of India’s biggest carrier IndiGo today voted against a proposal to ease rules around the sale and acquisition of shares, the latest development in a power struggle between its two founding shareholders.
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NewsRyanair seals deal with Irish pilots but signals Max-driven cuts
Ryanair has reached a four-year labour agreement with the union representing its Ireland-based pilots, but has renewed its warning of potential job losses and base closures as a result of the latest Boeing 737 Max delay.
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NewsQantas Group inaugurates Toowoomba pilot training academy
The Qantas Group has opened its new flight training school at Toowoomba Wellcamp Airport, with the capacity of training 250 pilots annually. “Opening our new Pilot Academy is a historic moment for Qantas, for aviation in Australia and for the thousands of future pilots who will learn how to fly ...
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NewsANA’s third A380 emerges from Airbus paint shop with orange turtle livery
Japanese carrier ANA’s third and final “Flying Honu” Airbus A380 rolled out from the airframer’s paint shop in Hamburg on 24 January.
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NewsNokScoot gets $6.6 million loan from major shareholder
NokScoot has obtained a Bt200 million ($6.56 million) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s chief executive, Wutthiphoom Jurangkool. In a disclosure to the Stock ...
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NewsJetBlue cautious in Q1 amid Puerto Rico quakes
JetBlue Airways Corporation on 23 January reported a net profit of $161 million during the fourth quarter of 2019 that slightly beat analyst expectations despite being a 5% decline year-on-year versus $170 million in 2018. The New York-based carrier during the fourth quarter reported $2 billion in operating revenue, up ...
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NewsUnited commits to EPS target with or without Max
United Airlines focused its 22 January fourth-quarter 2019 financial results call with analysts on the earnings metric itself, with president and soon-to-be chief executive Scott Kirby saying “that is the key metric” given the uncertainty surrounding the return to service of the Boeing 737 Max. “We want to focus our ...
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NewsRegional aircraft lessors and OEMs see unfulfilled demand
Demand for leased regional aircraft is “unfulfilled” and the market offers “unique opportunities” for investors, according to panel participants at the Airline Economics Growth Frontiers conference in Dublin. During the webcasted session, Chorus Aviation Capital president Steven Ridolfi highlighted “real demand for leases in the regional aircraft space that is ...
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NewsHas the growth of LCCs in Asia-Pacific peaked?
There has been a surge in low-cost travel options across Asia-Pacific since the early 2000s – but the sector may now be on the cusp of a slowdown. In the past year, low-cost carriers have stepped up co-operation while seeking to differentiate themselves, but merger and acquisition activity highlights the ...
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NewsAir freight executives see subdued 2020 before rebound
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world.
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NewsMAVCOM fines AirAsia carriers and Malaysia Airports
The Malaysian Aviation Commission (MAVCOM) has imposed fines on local AirAsia carriers and a Malaysia Airports (MAHB) subsidiary for various infringements. AirAsia and AirAsia X were each fined MYR2 million ($491,000) for charging payment processing fees separately from base fares, which contravenes local laws on consumer protection. This is their ...
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NewsHainan forecasts turnaround back into the black
Citing improvements in its main business operations, as well as an increase in asset disposal income, Hainan Airlines forecasts a return to profitability for 2019. In an earnings forecast the carrier states that its net profit will be between CNY450 million ($65.1 million) and 675 million for the year ...
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NewsIcelandair expects minimal impact from new 737 Max delay
Icelandair says that it has made contingency plans so that the renewed delay of the Boeing 737 Max’s return to service will have minimal impact on its summer 2020 schedule and its financial bottom line.
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NewsSAA cuts back flight schedule to conserve cash
South African Airways has cancelled a number of domestic and international flights over the coming week, to preserve finances, just a day after insisting that operations to all destinations were continuing as normal. The flag-carrier says that, as part of a “responsible strategy to conserve cash”, it is cancelling several ...
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NewsCDB Aviation’s fleet grew 20% in 2019
CDB Aviation acquired 40 aircraft on operating lease in 2019, growing its fleet by 19.7% year-on-year. In a statement summarising last year’s activity, the lessor says it signed lease transactions for 54 aircraft, along with agreements to sell 22 aircraft and acquire 17. Financing transactions inked during the year are ...