Strategy – Page 6

  • Jeju Air Boeing 737-800

    Jeju Air may abandon Eastar Jet acquisition: report


    South Korea’s Jeju Air could scrap plans to acquire a majority stake in compatriot low-cost carrier Eastar Jet. Citing difficulties in ongoing discussions, a Jeju official was quoted as saying the carrier will consider abandoning the deal within 10 business days, Reuters reported on 2 July. On 29 ...

  • BA A350-1000

    British Airways outlines return of more long-haul services


    British Airways has outlined plans to restart services to a raft of destinations in July, including some long-haul routes.

  • Qatar Airways

    Qatar Airways to operate two-thirds of pre-Covid network in July


    Boston, Toronto and Venice are among 18 more destinations being reinstated by Qatar Airways in July as it seeks to rebuild its network to include 65 points by the mid-month.

  • Thai Airways fleet at Bangkok airport May 2020, Shutterstock

    Thai Airways names new acting president


    Thai Airways International has named Chansin Treenuchagron as acting president, replacing Chakkrit Parapuntakul. His appointment takes effect on 2 July, says Thai in a 1 July stock-exchange disclosure. Source: Shutterstock Thai Airways fleet at Bangkok airport May 2020 Treenuchagron joined the carrier on ...

  • AeroMexico Boeing 787-8

    Aeromexico files for bankruptcy


    Grupo Aeromexico, the parent company of Mexican flag carrier Aeromexico, has filed for Chapter 11 bankruptcy protection in the US after the coronavirus pandemic decimated its business.

  • jetblue tail fins

    Despite almost certain job cuts, airlines sell vision of brighter days ahead


    US airline human resources executives forecast short-term pain for aviation employees but must remain upbeat that their industry will find a way out of its current slump in order to attract candidates back to fulfilling careers when the coronavirus is history. For many of them, it’s a tough sell. 

  • air india 787

    Yet again, New Delhi extends Air India sale deadline


    Bids for state-owned Air India were meant to close today, but the government has extended the deadline for a further two months. In a seventh revision for expressions of interest to buy Air India, including its 100% stake in Air India Express and 50% stake in Air India SATS ...

  • Akbar A Baker interview

    Qatar Airways chief Al Baker on reactive approach to crisis


    A reactive strategy has helped Qatar Airways keep a significant number of aircraft flying in the crisis, says group chief executive Akbar Al Baker, as the airline prepares for the recovery.

  • Grounded KLM Aircraft c KLM

    KLM secures €3.4bn in state support


    Dutch carrier KLM has sealed state backed financing of €3.4 billion to help it through the coronavirus crisis under an agreement which is tied to conditions around cost reductions and environmental performance. The Dutch government had in April pledged an aid package to KLM in the form of state ...

  • Virgin Australia

    Bain Capital wins bid for Virgin Australia


    Bain Capital has won the bid for Virgin Australia and is working with the airline’s administrators to close the sale, which is “subject to minimal conditions precedent”. The final shortlist, announced on 2 June, comprised US private investment firm Bain and the Richard Branson-linked Cyrus Capital Partners, a New ...

  • Parked Lufthansa aircraft

    Lufthansa shareholders confirm bailout approval


    Lufthansa shareholders have approved a €9 billion ($10.1 billion) financial rescue from Germany’s economic stabilisation fund (WSF) at an extraordinary general meeting today. The vote in favour of the financial package was expected after the airline’s biggest shareholder Heinz-Hermann Thiele indicated he would support the deal. Under the ...

  • Air Canada_B787_2

    Air Canada chief executive blasts government for maintaining travel restrictions


    Air Canada’s chief executive Calin Rovinescu excoriated the government of Canada for maintaining draconian coronavirus-prompted travel restrictions across the country, hindering the air transport industry’s ability to return to any semblance of normal operations.

  • Lufthansa-stored fleet storage

    Lufthansa agrees savings package and peace deal with UFO union


    Lufthansa and its main flight attendant union UFO have reached a deal on savings and committed to building a “constructive social partnership” after acrimony over recent years.

  • Du Juniac @AGM (c) IATA

    IATA chief De Juniac on challenges ahead for airline recovery


    Airlines have been at the sharp end of coronavirus crisis as air travel markets locked down, but the bigger challenge is in how quickly and effectively they reopen. IATA chief executive Alexandre de Juniac believes implementing common standards will be key in global efforts to restore confidence in safe air ...

  • A320neo easyJet (c) Airbus Nov 2019

    ​EasyJet share issue raises £419 million


    EasyJet has raised £419 million ($521 million) by placing 59.54 million shares through an immediate accelerated bookbuilding process. The UK low-cost carrier had disclosed on 24 June that it was aiming to raise £400-450 million by issuing just under 15% of its current share capital. ...

  • Lufthansa parked aircraft

    Lufthansa poised for bailout as key shareholder set to back plan


    A vital €9 billion ($10.1 billion) state bailout of Lufthansa is set to be approved at an extraordinary general meeting today after key shareholder Heinz-Hermann Thiele indicated he would support the deal. Lufthansa had earlier this month said the €9 billion financial support package agreed with the German government ...

  • Qantas 747-400

    Qantas to retire 747s immediately, axe 6,000 staff in three-year recovery plan


    The Qantas Group will be retiring its fleet of six Boeing 747s immediately — six months ahead of schedule — and ground 100 aircraft for up to a year, as part of cost saving measures that will also see about 20% of its employees axed. Taken together, Qantas says ...

  • Qantas A330-200

    Qantas Group plans A$1.9 billion equity raise


    Qantas Group will raise up to A$1.9 billion ($1.3 billion) in equity capital to strengthen its balance sheet, as part of a three-year plan to accelerate its recovery from the Covid-19 crisis. This encompasses A$1.36 billion from a fully underwritten institutional placement, and up to A$500 million from ...

  • Parked-WestJet-c-WestJet

    WestJet permanently cuts more than 3,000 jobs


    Canada’s WestJet has permanently cut more than one third of its remaining workforce as the effects of the pandemic force the airline to reduce and outsource services in an effort to continue cutting costs.

  • Ryanair and Wizz Air aircraft at Dortmund airport

    European carriers put emphasis on reach in short-haul return


    As European carriers lay out their plans for restoring passenger services, one of the most notable aspects has been a desire to rebuild the spread of networks ahead of volume.