All Strategy news – Page 133
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News
Aerospace leaders see clearing skies, eye post-Covid air travel boom
Things might get worse for the global aerospace industry before they get better. But the industry will recover, likely starting this year, thanks to vaccine distribution and pent-up demand for air travel.
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Air Canada to expand cargo business through 767 sale, leaseback
Air Canada is having two passenger Boeing 767-300ERs converted to freighters, and also selling the jets and leasing them back.
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Norwegian to exit long-haul market
Troubled low-cost carrier Norwegian is abandoning its long-haul network as it sets out a scaled-back business model focused on Norwegian domestic, regional Scandinavian, and key European services. “Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model,” states chief ...
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SIA issues $500 million dollar-denominated discount bonds
Singapore Airlines plans to issue $500 million of bonds at a discount to par.
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Airline Business
Canadian airlines’ coronavirus anguish far from over
Canadian airlines continue to struggle as the coronavius forces more job cuts, smaller networks and louder calls for government assistance.
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United waives fare change charges for US-bound customers
United Airlines is waiving fare difference charges for international passengers who choose to travel to the United States before the nation’s blanket coronavirus testing requirement begins on 26 January.
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Delta hires former Bombardier chief executive Bellemare
Delta Air Lines has named former Bombardier chief executive Alain Bellemare to be its new President-International, the carrier says.
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Air Canada cuts more jobs and capacity
Air Canada will once again reduce its employee count and shrink its network, citing new Canadian travel restrictions aimed at mitigating the spread of the coronavirus.
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Thai Airways on track with rehabilitation plan: president
Thai Airways acting president Chansin Treenuchagron has offered reassurance that the carrier is working “diligently” to ensure its rehabilitation plan will be submitted by its “specified timeframe”.
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Condor files complaint after Lufthansa ends feeder deal
German leisure carrier Condor has complained to federal competition authority Bundeskartellamt about Lufthansa Group’s decision to terminate a feeder flight agreement.
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Regional jets will be ‘tactical weapon’ in airline recovery: CityJet chief
Regional jets are likely to become an important tool for Europe’s mainline carriers as the recovery from the Covid-19 crisis begins, according CityJet chief executive Pat Byrne.
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Austrian to start 767 phase-out in March
Austrian Airlines is preparing to retire Boeing 767s as part of a wider fleet-reduction effort.
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Qatar Airways will only retain half of its A380 fleet
Qatar Airways will only operate half of its A380s at best if it brings the widebodies back into service, according to the airline’s chief executive Akbar Al Baker.
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Transat rejects takeover bid from billionaire investor
Transat AT, the parent of Canadian holiday specialist Air Transat, is publicly rejecting an unsolicited potential takeover bid as the company waits for regulatory approval of its sale to Air Canada
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News
US DOT clears planned American-JetBlue partnership: airlines
JetBlue Airways and American Airlines say the US Department of Transportation (DOT) has cleared their planned strategic alliance, despite low-cost carriers warning that the tie-up may stifle competition.
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Canada names new Transport Minister
Canada has named a new Minister of Transport in a cabinet reshuffle as the country’s airline industry continues to suffer from the effects of the global coronavirus crisis
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Jet2 suspends flights until late March
UK airline Jet2 is extending its suspension of all flights up to and including 25 March because of the “ongoing uncertainty and travel restrictions caused by the Covid-19 pandemic”.
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Aeromexico terminates collective bargaining agreements with pilots, flight attendants
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, has requested to terminate its collective bargaining agreements with its pilots’ and flight attendants’ unions, as it struggles to continue operating through the ongoing global coronavirus pandemic.
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Spirit, Southwest reiterate concerns about JetBlue-American partnership
Spirit Airlines and Southwest Airlines have “serious competitive concerns” about the planned strategic partnership between JetBlue Airways and American Airlines.
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News
Porter Airlines delays restart to 29 March
Canada’s Porter Airlines has once again delayed resuming flights, and is now targeting a date more than one year after it shut down due to the global coronavirus crisis.