All Strategy news – Page 139
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Airline BusinessAsian and North American airlines to lead recovery but all regions loss-making in 2021
IATA expects airlines in Asia-Pacific and North America to lead the recovery in 2021 aided by strong domestic markets, though it still sees all regions loss-making as international passenger markets struggle to recover from the pandemic.
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NewsAirline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsAirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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NewsNorway extends repayment term for airline state-guarantee scheme
Norway has further extended the terms of a state-backed loan guarantee scheme it has granted its carriers. While Norway’s government earlier this month rejected Norwegian’s request for more state aid – a move the struggling carrier cited as a factor when two of its Irish units filed for financial protection ...
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NewsWillie Walsh set to take IATA helm as de Juniac steps down
IATA governors are to recommend former IAG chief executive Willie Walsh as its new director general after Alexandre de Juniac announced his decision to step down from the role at the end of March.
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NewsFlexibility on airport slots should be extended to summer 2021: IATA
The suspension of the 80:20 ‘use it or lose it’ rule on slots should be extended into the 2021 summer season and possibly beyond, in the view of IATA’s head of worldwide airport slots Lara Maughan.
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.
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Airline BusinessDe Juniac on why IATA focus is still on crisis management
The association’s director general Alexandre de Juniac will address the AGM on 24 November with IATA very much still in crisis management mode.
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NewsBOC Aviation, ILFC win civil suits against AirAsia X
Troubled long-haul, low-cost carrier AirAsia X has lost civil suits mounted by two lessors over lease debts for six aircraft.
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NewsDelta and WestJet withdraw joint venture application
Delta Air Lines and Canada’s WestJet have withdrawn their application for a transborder joint venture saying the conditions imposed by the US Department of Transportation (DOT) for antitrust immunity (ATI) approval are “arbitrary and capricious”.
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NewsAviation taxes would endanger fleet renewal: Air France-KLM chief
New aviation taxes proposed in France would reduce the ability of Air France-KLM to address its impact on the environment through fleet renewal programmes, according to the group’s chief executive Ben Smith.
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NewsGaruda gets shareholders’ nod for Rp8.5 trillion government funding
Garuda Indonesia’s shareholders have overwhelmingly approved the sale of convertible bonds — worth up to Rp8.5 trillion ($602 million) — giving the struggling carrier a much-needed financial lifeline to tide through the coronavirus crisis.
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Airline BusinessChanging faces leading the airline industry’s bid for recovery
A number of long-standing airline leaders have either announced their intention to or stepped down over the past six months leaving their successors with the challenge of taking over during the toughest of challenges
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NewsAirAsia X plunges deeper into red amid ongoing grounding
Troubled long-haul, low-cost carrier AirAsia X widened its quarterly loss, as it remained grounded amid the coronavirus pandemic.
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NewsAmerican axes change fees on long-haul international travel
American Airlines has become the first major US carrier to eliminate change fees on many long-haul international fares, matching its earlier policy change on domestic trips as customers continue to stay away from air travel due to restrictions and public health warnings.
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NewsCopa struggles in Q3 amid travel restrictions
Panama’s Copa Airlines struggled during the third quarter as ongoing strict travel restrictions almost completely shut down the airline for the first 45 days of the period.
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NewsJet2 sees winter capacity at half previous-year levels
UK leisure carrier Jet2 expects its winter seat capacity to be about half the levels of last year amid the continued impact of the pandemic after today posting an operating loss of £111.2 million ($147.3 million) for the six months to September 2020.
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NewsRex inks funding agreement for March domestic network launch
Australia’s Regional Express is on track to launch domestic jet operations on 1 March, having signed an agreement for A$150 million ($109 million) funding from PAG Asia Capital and scheduled a proving flight with authorities in early December. “We will debut on the Sydney-Melbourne route with three aircraft on 1 ...
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NewsGreater Bay Airlines approaches lessors for initial aircraft
Hong Kong start-up Greater Bay Airlines has approached leasing companies to acquire its first aircraft with which it hopes to begin operations as early as next summer, Cirium has learned.