All Strategy news – Page 3
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Akasa unfazed by supply chain crunch amid ‘ambitious’ international push
India’s Akasa Air says it is still satisfied with the delivery timeline of its Boeing 737 Max aircraft, despite ongoing delays, as it prepares to expand its operations internationally.
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Air India-Vistara merger clears major hurdle with court approval
India’s National Company Law Tribunal (NCLT) has cleared the merger between Tata Group units Air India and Vistara, paving the way for the formation of India’s largest international operator.
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’Unwillingness to evolve’ hindering Southwest’s performance: Elliott
Elliott Investment Management is calling for major leadership and strategic changes at Southwest Airlines to guide it into a more-profitable future.
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Royal Jordanian still battling tourism hit from Gaza conflict
Royal Jordanian Airlines is continuing to feel the impact of lost tourism resulting from the ongoing Israeli-Gaza conflict which stymied its hopes of returning to the black last year.
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Air Transat aims to complete Porter Airlines joint venture in 2025
Air Transat plans to complete the roll out of its joint venture with Porter Airlines next year, says chief executive Annick Guerard.
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Air Transat’s losses mount amid competitive pressures and P&W engine issues
Canada’s Transat AT lost C$54 million ($39.7 million) in the second quarter of its fiscal year as it faced challenges including Pratt & Whitney PW1100G engine issues, strike threats from employees and broad competitive pressures.
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‘We left that station already’: IndiGo’s Elbers brushes off ‘traditional LCC’ label
IndiGo chief Pieter Elbers has pushed back on calling the airline a “traditional” low-cost operator, noting that it already has undertaken a series of initiatives that other low-cost carriers would not usually take.
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Flyadeal chief studies long-haul options
While Saudi Arabian budget operator Flyadeal has just announced a step change order by signing for 51 Airbus A321neos, new chief executive Steven Greenway is considering a future move for the carrier into low-cost, long-haul operations.
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‘So far so good’: Air India targets Vistara acquisition to complete by year-end
Air India expects to complete its merger with compatriot Vistara by the end of the year, as it works through legal approvals and operational integration.
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Turkish Airlines still keen on mixed fleet as talks on Boeing order continue
Turkish Airlines remains in talks with Boeing and engine manufacturers as it still hopes to seal an order for 225 aircraft.
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SIA, Riyadh Air ink agreement for potential commercial partnership
Singapore Airlines has signed a memorandum of understanding with soon-to-launch Riyadh Air to explore a potential commercial partnership.
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RwandAir’s Makolo tells airline industry to ‘get on with it’ on diversity
RwandAir chief executive – and outgoing chair of the IATA board of governors – Yvonne Makolo believes the airline industry still has a long way to go on improving its record on diversity
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Emirates president laments lack of airport investment in Europe and USA
Emirates Airline president Tim Clark has contrasted the investment in airports in the Middle East and Asia with activity in other regions, saying the latter are failing to keep pace.
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Lufthansa, KLM and SAA pay $900m for ‘extreme delays’ in refunding passengers
The US government has secured more than $900 million in refunds for passengers who faced “extreme delays” in receiving compensation from for Covid-19-related flight changes and cancellations.
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Canada Jetlines seeking new chief executive with Eddy Doyle due to depart
Eddy Doyle, the founding chief executive of Canadian leisure and charter carrier Canada Jetlines, is retiring from the company on 30 June.
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JetBlue second-quarter capacity and revenue to decline less than previously expected
JetBlue Airways has revised its second quarter capacity and revenue guidance as it claims “strong operational performance” so far during the second three-month period of 2024.
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Spirit Airlines names Brian McMenamy as its new financial chief
Spirit Airlines has named Brian J. McMenamy as new chief financial officer after the company’s previous CFO Scott Haralson resigned to pursue another opportunity at ”a larger, publicly traded company outside of the airline industry”.
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Spohr expects ‘direction’ of Commission decision on ITA deal this week
Lufthansa Group chief executive Carsten Spohr expects to get an indication this week from the European Commission on its decision regarding the group’s planned move to acquire a stake in ITA Airways.
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Oman Air set to simplify fleet
Oman Air is set to simplify its fleet over the coming months and is likely to base its widebody operations around one type.
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IATA boosts airline profit forecast to $30.5bn
IATA is now forecasting that the global airline industry will this year exceed the profitability it achieved in 2023, although it notes that margins remain thin.