All Strategy news – Page 135
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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Airline BusinessHow European states stepped in to support grounded airlines in 2020
European governments have stepped in with an unprecedented level of financial support to keep airlines in the region afloat during the pandemic, with the likelihood of further funding required in the year to come.
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NewsUS DOT approves Aer Lingus to join transatlantic venture
The US Department of Transportation has granted antitrust immunity for Dublin-based Aer Lingus to join an existing transatlantic joint venture between Oneworld member carriers American Airlines, British Airways, Level, Iberia, and Finnair, finalising tentative approval granted in November. This approval by the DOT gives Aer Lingus the ability to integrate ...
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NewsAtlas completes transatlantic flight using sustainable aviation fuel
Cargo carrier Atlas Air Worldwide has completed a test flight from Europe to Latin America using sustainable aviation fuel (SAF) sourced from fresh vegetable oil.
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NewsPoland secures EC approval for LOT rescue package
European regulators have cleared the Polish government’s request to provide national carrier LOT Polish Airlines with around PLN2.9 billion ($787 million) in financial support under the temporary easing of state aid rules.
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NewsBlock on UK airline travel shows need for Covid-19 testing regime: IATA
IATA believes the sudden blocking of flights from the UK by dozens of countries proves the importance of introducing universal Covid-19 testing regimes to keep international travel open.
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NewsXiamen Airlines gets capital boost from parent China Southern
China Southern Airlines will inject more capital into its subsidiary Xiamen Airlines, as part of a move to “support the development” of the latter carrier’s business.
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NewsUS airlines express relief at new coronavirus relief bill
US airlines have expressed relief after legislators in Washington, DC reached an agreement on a deal to extend payroll protections to aviation workers to the tune of $15 billion.
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NewsUS lawmakers agree on long-awaited extension of financial aid
After months of negotiations, US lawmakers in Washington, DC have agreed on an additional $900 billion relief package that gives airlines $15 billion more in payroll support to help them manage through the ongoing coronavirus crisis
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Airline BusinessWill airline failures increase when crisis subsides?
One of the most striking aspects of what is the deepest and most sustained crisis to ever hit commercial air transport is that it has resulted in relatively few airline collapses thus far.
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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NewsHard-hit Latin American airlines set for an uneven recovery
Latin American airlines’ climb out of the coronavirus-driven downturn will likely be bumpier than their peers on other continents. Economic instability coupled with widely divergent travel restrictions, newly imposed taxes and a lack of government financial aid will make for an uneven recovery.
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Airline BusinessWhy wider airline consolidation may have to wait
IAG has reportedly agreed fresh terms to acquire Spanish carrier Air Europa, but further deal activity across the industry may be delayed by the crisis.
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NewsRex slams Qantas for ‘opportunistic’ regional market expansion
Australia’s Regional Express has alerted the country’s competition watchdog on what it called an “opportunistic strategy of flooding the regional airline market with excess capacity” by rival Qantas.
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Airline BusinessCan Chinese carriers build on domestic strength to make international recovery?
With Chinese carriers securing domestic recovery, the new year will bring an industry raring to recapture lost international share, with new players added to the fold.
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NewsUnited Airlines launches contact tracing for all flights
United Airlines is introducing contact tracing for all of its flights as the coronavirus pandemic continues to unsettle customers who are wary about spending time in close proximity to strangers on an airplane.
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NewsKazzaz to succeed Rousseau as Air Canada chief financial officer
Air Canada has named Amos Kazzaz as its new chief financial officer, replacing Michael Rousseau who will be taking the role of chief executive officer at the Montreal-based carrier in February.
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NewsSouthwest raises daily cash burn estimate for fourth quarter
Southwest Airlines has raised its average daily cash burn expectations for the fourth quarter as the air travel recovery stalls following exploding coronavirus case counts across the United States.
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NewsCathay expects ‘significantly higher’ second-half loss
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.