All Strategy news – Page 112
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NewsGaruda aiming to complete restructuring by year-end
Garuda Indonesia is targeting to complete its restructuring within the year but did not commit to a timeline for the process or further steps to pay off its debts.
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NewsAirline Business Friday Briefing: Two very different CEO departures
This week saw two low-cost carriers announce changes at the top of their businesses, where the similarities between the stories begin and end with the business model.
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NewsLufthansa to temporarily bring back five A340-600s to offer first class from Munich
Lufthansa is to temporarily reactivate five Airbus A340-600s on flights from Munich next summer to provide a first-class product offering from the airport.
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NewsAsia low-cost chiefs differ on recovery forecasts
Two low-cost carrier chiefs offered different views on how travel in the region might recover from the coronavirus pandemic.
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NewsIndia’s Alliance Air eyes growth after parent Air India divestment
Indian regional operator Alliance Air is looking to ink more codeshare agreements with other international carriers, as part of its growth strategy following the privatisation of its parent company Air India.
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NewsEliminating passenger mask mandate is ‘next step’: Spirit Airlines CEO
The US government can help reduce the incidence of unruly air passenger behavior by doing away with the requirement that travellers wear face coverings, says the chief executive of Spirit Airlines.
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NewsSouthwest Airlines chief to step down in February 2022
Southwest Airlines’ chief executive Gary Kelly will step down from his role in early 2022, after having led the US low-cost carrier through aviation’s most devastating crisis.
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NewsFinnair and China’s Juneyao Air seal joint-venture agreement
Finnair and Juneyao Air have signed a joint-venture agreement that deepens the carriers’ commercial relationship on services between Finland and China.
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NewsCompetition watchdog investigates Rex dumping complaints
Australia’s competition regulator has once again weighed in on the long-standing spat between Regional Express and Qantas, warning that it could “take enforcement action” if an airline is found to be anti-competitive.
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NewsAeromexico granted extension to file reorganisation plan
Flag carrier Aeromexico has obtained approval from the US Bankruptcy Court for the Southern District of New York for a 75-day extension to propose a reorganisation plan.
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News‘Remiss’ to overlook business travel comeback: Star Alliance chief
While leisure travel will likely be first to pick up after being battered by the coronavirus pandemic, airlines “would be remiss” to underestimate the return of business travel demand, says Star Alliance chief executive Jeffrey Goh.
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NewsLawmakers oppose bankruptcy or liquidation of Garuda Indonesia
Indonesian lawmakers voiced opposition to the bankruptcy or liquidation of embattled flag carrier Garuda Indonesia in a parliamentary hearing on 21 June, as the airline’s executives revealed further details on its downsizing of operations.
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NewsNew Aer Lingus chief sees long road to recovery
Aer Lingus chief executive Lynne Embleton insists there is no strategic retreat from the Irish regions but that restructuring is required as a result of the Covid crisis which has inflicted around €1 billion ($1.2 billion) in damage on the airline.
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NewsTransat ends takeover negotiations with Peladeau
Transat AT on 21 June announced the end of a special committee charged with reviewing takeover bids, adding that billionaire investor Pierre Karl Peladeau has withdrawn his offer to purchase control of the tourism provider due to lack of shareholder interest.
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NewsSingapore competition regulator seeks feedback on SIA-ANA tie-up
The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on the proposed joint venture agreement between Singapore Airlines and All Nippon Airways (ANA).
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NewsCaribbean Airlines cuts staff, fleet as it restructures for a post-Covid world
Caribbean Airlines plans to shed 25% of its staff or 450 employees and store aircraft as it pursues a restructuring strategy in the wake of the devastating coronavirus crisis.
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NewsAir France-KLM expects 60-65% summer capacity amid long-haul uncertainty
Air France-KLM is seeing demand return for intra-European travel this summer amid the unlocking of travel restrictions across the region, but uncertainty persists for the group’s key long-haul operations.
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Airline BusinessAirline Business Friday Briefing: Aer Lingus riding crisis ups and downs
Aer Lingus could be forgiven for thinking things had taken a turn for the better when Ireland at the end of May cleared the path to lifting restrictions on all non-essential air travel next month.
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NewsCathay Pacific expects half-yearly losses to narrow
Embattled Cathay Pacific struck a cautiously optimistic tone in its outlook for the rest of the year, anticipating a narrowed half-yearly loss and the gradual reinstatement of capacity in the coming months.
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NewsGaruda Indonesia suspends payment under $500 million sukuk
Garuda Indonesia has deferred payment of a periodic distribution on its $500 million sukuk trust certificate after a two-week grace period lapsed on 17 June.