Strategy – Page 8
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News
Southwest adds Rakesh Gangwal as board director in face of leadership criticism
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
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News
Singapore approves SIA-Garuda commercial joint venture
Singapore’s competition regulators have allowed Singapore Airlines and Garuda Indonesia to deepen their strategic partnership as part of a commercial joint venture agreement.
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News
ITA performance ahead of business plan: Spohr
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
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News
AirAsia’s A321neo deliveries resume after pandemic hiatus
Thai AirAsia has taken delivery of a new Airbus A321neo, marking the resumption of aircraft deliveries for the AirAsia Group after a hiatus of close to four years.
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News
Lufthansa aims to close ITA deal in fourth quarter
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
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Lufthansa secures conditional regulatory clearance for ITA deal
Lufthansa Group has secured approval from the European Commission for its proposed progressive acquisition of ITA Airways after agreeing concessions to satisfy the regulator’s competition concerns over the tie-up.
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News
Tarom to lease pair of Max 8s from CDB Aviation
Romanian carrier Tarom has agreed to lease a pair of Boeing 737 Max 8s from Irish lessor CDB Aviation, with the initial aircraft to arrive in late 2025.
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News
Spirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
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News
New Pacific Airways chief executive Rob McKinney abruptly leaves post
Rob McKinney, chief executive of Alaskan regional airline Ravn Alaska and floundering start-up carrier New Pacific Airways, has left the group effective immediately.
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News
WestJet maintenance workers withdraw strike action
WestJet’s mechanics and technical employees have agreed to withdraw strike action and return to work while their union, the Aircraft Mechanics Fraternal Association (AMFA), negotiates a new contract with the company.
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Podcast
Airline Business Podcast: Is the airline industry recovery still on track?
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis discuss the industry outlook following the recent IATA AGM in Dubai, including an improved profit forecast from the association.
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News
Swiss names Lufthansa Group manager Jens Fehlinger as its new CEO
Swiss International Air Lines has named Lufthansa Group manager Jens Fehlinger as its new chief executive beginning on 1 October.
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News
‘Sporadic, delayed’ funding doomed Bonza, administrator’s report finds
Bankrupt Australian carrier Bonza received funding from parent company 777 Partners “sporadically” even as it racked up significant losses in its first year of operations, the firm’s administrators have disclosed.
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News
Slow-to-pivot Southwest lowers second-quarter revenue outlook
Major US carrier Southwest Airlines lowered its revenue outlook for the second quarter on 26 June as it seemingly acknowledged that it did not react to the current demand environment quickly enough.
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News
Breeze closing in on international debut
Breeze Airways, the three-year-old airline started by serial entrepreneur David Neeleman, has received initial approval to start international service.
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News
American Airlines pauses hiring new pilots through November
American Airlines is pumping the brakes on hiring new pilots in the second half of this year as it considers capacity changes across its network.
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News
Volotea and Abra sign JV with eye on Air Europa remedies at Madrid
Spanish low-cost carrier Volotea and Avianca parent company Abra Group have signed a joint-venture agreement to act as a “remedy taker” should IAG complete its acquisition of Air Europa.
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News
Qantas picks Dash 8-400s for turboprop renewal
Qantas will acquire 14 more mid-life De Havilland Canada Dash 8-400 turboprops as part of fleet renewal efforts that will see its older Q200 and Q300 aircraft retired.
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News
Lufthansa City Airlines poised for launch
Lufthansa Group’s latest carrier Lufthansa City Airlines will launch flights on 26 June using an Airbus A320neo on the Munich-Birmingham route.
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News
Aer Lingus cancels flights as pilots take industrial action over pay
Aer Lingus has cancelled 10-20% of flights over the period 26-30 June, after members of the Irish Air Line Pilots Association (IALPA) voted in favour of work-to-rule action following their rejection of a pay deal.