All Strategy news – Page 221
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News
Cathay Pacific to buy HK Express in HK$4.93bn deal
Cathay Pacific has entered into an agreement to take over budget rival Hong Kong Express Airways in a HK$4.93 billion ($628 million) deal that is set to close by the end of the year.
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Wow Air bondholders back restructuring plan
Wow Air bondholders have agreed to convert their debt into equity in the beleaguered low-cost carrier.
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Airline BusinessANALYSIS: Goyal leaves his Jet plane; can it come back again?
The resignation of Jet Airways founder Naresh Goyal from his long-held position as chairman looks to be the catalyst needed to get the airline moving again, but it faces a long road ahead.
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Qantas hails successful first year of Perth-London flights
One year since it opreated its first nonstop Perth-London flight, Qantas has lauded it as a major success for the company and Australian tourism.
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American 737 Max cancellations to top at least 2,700 flights
American Airlines has removed the Boeing 737 Max from its schedules through April, prompting the cancellation of thousands of flights.
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Jet Airways board approves resignation of founder Goyal
Indian carrier Jet Airways’ board has approved the resignation of founder and chairman Naresh Goyal, the most significant of three directors who are stepping down from the troubled company.
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Wow seeks agreement with bondholders to restructure
Icelandic budget carrier Wow Air is holding talks with creditors and bondholders with a view to agreeing a voluntary restructuring of the troubled company.
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Icelandair Group pulls out of Wow Air discussions
Icelandic carrier Wow Air’s future appears increasingly uncertain after Icelandair Group ended newly-initiated discussions with the budget airline.
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Asiana suspends share trading
Asiana Airlines suspended share trading on the Korea Exchange on 22 March.
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Bangkok Airways enters U-Tapao development fray
Bangkok Airways and two other firms have submitted a joint proposal for the development of an aviation hub at Thailand’s U-Tapao airport.
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Wow Air resumes talks with Icelandair as Indigo walks
Indigo Partners has cancelled its proposed investment in Icelandic low-cost carrier Wow Air, prompting the airline to resume talks with Icelandair Group.
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Virgin Trains plans airline partners for Orlando airport link
Virgin Trains USA plans to partner with airlines to offer seamless connections to travellers when its extension to Orlando International airport opens, the country's first in-terminal long-distance rail connection at an airport.
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PICTURES: British Airways 747-400 in Negus retro-livery
British Airways has unveiled its fourth and final retro-livery – a Boeing 747-400 in the airline’s original red, white and blue design dating from 1973.
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PodcastPODCAST: Airline Business team on 737 Max, KLM, Saudia and A380
The new edition of the Airline Business Podcast is now available.
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Virgin Atlantic to make South American debut by serving Sao Paulo
Virgin Atlantic is to enter the South American market with a new route from London to Sao Paulo next year.
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Airline BusinessJaan Albrecht, chief executive, Saudia
Whether the gradual transformation apparent in the ancient and conservative kingdom of Saudi Arabia is driven by altruism, or a grudging recognition that a semblance of change is the price of international acceptance, is still a contentious matter.
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Corsair to lease A330neos and go all-Airbus under new owner Intro
French carrier Corsair is to phase out its Boeing aircraft over the next five years, in favour of an expanded, all-Airbus fleet which includes a trio of leased A330-900s.
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Airline BusinessANALYSIS: A380 flights set to fall for first time in 2019
The cancellation of the Airbus A380 programme comes in a year that could see the first drop in scheduled passenger flights made by the type.
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EasyJet pulls out of Alitalia privatisation process
EasyJet has given up its interest in Alitalia.
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TUI confirms sale of majority stake in Corsair to Intro
TUI has sold its majority stake in French leisure carrier Corsair to German investment firm Intro Aviation, following through on the agreement-in-principle struck in October 2018.