All Strategy news – Page 106
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Aircraft leasing market ‘getting more expensive’: Norwegian chief
Norwegian says the market for leased aircraft has become tighter and more expensive as it considers when to act on plans to add 10-20 aircraft in 2022.
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TAP Air Portugal reduces first half loss
TAP Air Portugal saw its first-half net loss narrow to €493 million ($584 million) from €582 million in the same period last year following a “ramp-up” in activity during the three months to 30 June.
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Jet2 switches to Airbus for fleet renewal with A321neo order
UK leisure operator Jet2 has placed an order for 36 Airbus A321neo jets as it seeks to expand and renew its largely Boeing fleet.
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Atlas Air to establish Incheon MRO shop with Sharp Technics
US cargo carrier Atlas Air and South Korean aviation maintenance firm Sharp Technics K will jointly establish a maintenance, repair and overhaul facility at Incheon International airport, a move that will enable Atlas to further expand in the Asia-Pacific region.
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Norwegian plans to park more aircraft during future winter seasons
Norwegian expects to park more aircraft every winter as the Scandinavian low-cost carrier undertakes a “deep dive” into its future strategy.
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China Eastern expects first C919 delivered in second-half 2021
China Eastern Airlines expects to take delivery of the world’s first Comac C919 narrowbody in the second half of the year, as it removes the Boeing 737 Max from its delivery forecast through 2023.
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Cargo lift takes edge off Kenya Airways losses in the first half
A jump in cargo activity helped Kenya Airways offset lower passenger volumes during the first half of 2021, enabling it to shave a fifth off its losses for the period.
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Aircraft cabin suppliers pivot to long-range narrowbodies in Covid recovery
Aircraft interiors suppliers are seeing growing demand for multi-class cabins in single-aisle jets during the recovery from Covid-19.
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Volaris to launch El Salvador subsidiary in September
Mexican ultra-low-cost carrier Volaris has obtained authority to operate a subsidiary in El Salvador.
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Air Canada to mandate Covid-19 vaccines for all employees
Air Canada will require all employees be fully vaccinated against the coronavirus by 30 October.
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Delta will charge employees who refuse Covid-19 vaccination
Delta Air Lines will hike the health insurance premiums of employees who are not vaccinated against Covid-19 starting 1 November.
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South African Airways and Comair to restart flights in September
South African Airways plans to resume passenger flights on 23 September, restoring services after a major restructuring and the continued impact of the pandemic on air travel demand.
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American Airlines’ Q3 revenue ‘trending below forecast’
American Airlines is experiencing a dip in its recovery as fears of the coronavirus’ more-virulent “Delta” variant are causing hesitancy among customers.
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Italian carrier ITA targets September fleet decision as bookings set to start
After firming a preliminary bid for assets from Alitalia, Italy’s new national airline Italia Trasporto Aereo (ITA) plans to begin ticket sales on 26 August ahead of a planned launch of operations on 15 October.
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Ryanair to end Northern Ireland flights
Ryanair will no longer serve either of Belfast’s airports from October, citing the UK’s air passenger duty (APD) tax and a “lack of Covid recovery incentives” from the airports.
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Breeze snags another $200m investment
US start-up carrier Breeze Airways has secured another $200 million in funding less than three months after beginning flights.
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Porter becomes first Canadian carrier to mandate coronavirus vaccine or negative test
Porter Airlines is the first Canadian carrier to require employees be vaccinated against Covid-19 or present a negative test result.
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Indian carriers see significant uptick in July domestic traffic
Indian carriers saw domestic traffic bounce back in July, after bottoming out in the middle of the year amid a lethal surge in coronavirus infections.
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Latvia to invest another €90m in Air Baltic, citing pandemic
Latvian lawmakers have agreed to grant government-owned Air Baltic another €90 million ($105 million) in equity for the purpose of alleviating pandemic-related losses and helping the airline recover.
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Spirit’s operational meltdown cost $50m; expects Q3 loss
Spirit Airlines has cut its third-quarter revenue expectations after cancelling thousands of flights due to weather and staffing issues.