All Strategy news – Page 150
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NewsUnion criticises Lufthansa’s launch plan for new leisure unit
German pilot union Vereinigung Cockpit has expressed scepticism about Lufthansa’s planned a new leisure subsidiary Ocean, and intends to oppose efforts by the airline to employ crews without collective labour agreements.
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NewsSpiceJet swings to loss in first quarter
Indian budget carrier SpiceJet swung to a loss in the April to June period, but its chairman remains confident that the airline will see a significant improvement in its operating environment. The Gurugram-based carrier’s operating losses widened to Rs5.68 billion ($77 million) in the first quarter of the fiscal year ...
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NewsChinese ‘Big Three’ expected to report profits in Q3: HSBC
A HSBC Global Research report predicts that China’s three main airlines will report profits for the quarter ended 30 September, led mainly by a rapid recovery in domestic air travel demand in recent months. It notes that the ‘Big Three’ — Air China, China Eastern Airlines and China Southern Airlines ...
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NewsUnited pilots reach tentative agreement to avoid furloughs
United Airlines’ pilots have reached a tentative agreement with the carrier to avoid furloughs until the middle of next year.
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NewsAvianca appeals injunction against $370m loan
Colombia’s Avianca, which filed for bankruptcy protection in a New York court in May, has appealed an injunction preventing disbursement of a major loan needed to keep the company afloat.
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NewsDelta’s flight attendants and frontline staff avoid furloughs
Delta Air Lines will not involuntarily furlough its flight attendants and ground-based frontline employees after 30 September, when the US CARES Act expires and airlines that have received payroll support funds will once again be free to lay off workers or cut pay.
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NewsBA chief Cruz hopeful on workforce agreements but warns of painful recovery ahead
British Airways is hopeful that outstanding contract revisions covering changes to pay and conditions for 30,000 staff members can be concluded shortly, as the carrier hunkers down to weather a “long and protracted” recovery.
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NewsGulf Air chief Kucko to step down
Gulf Air chief executive Kresimir Kucko is to step down from the role at the end of September after almost three years at the helm.
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NewsAeroflot cleared to increase share capital
Aeroflot has won shareholder approval to increase its authorised capital to 1.95 billion shares.
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NewsItaly again cites Ryanair over compliance with Covid measures
Italy’s civil aviation authority is meeting with Ryanair on 16 September to discuss allegations of non-compliance with the country’s Covid-related health measures.
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Airline BusinessWild weekend offers, domestic tourism power China airline recovery
As countries around the world start to tap on domestic travel as a means of reviving economies battered by the coronavirus pandemic, one major economy has gone full steam ahead with its domestic recovery. In recent months, Chinese carriers have doubled down on domestic air travel efforts, touting discount after ...
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AnalysisAsiana Airlines in ‘close consultation’ with creditors: CEO
The chief executive of South Korea’s Asiana Airlines, Han Chang-soo has expressed regret that the acquisition deal with Hyundai Development fell through, but says the airline is working closely with creditors to chart the way forward. “I have made efforts for the M&A to be completed for about a year ...
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NewsTroubled Nok to improve fleet efficiency, seek alternative revenue sources
Thai low-cost carrier Nok Air, which recently filed for business rehabilitation, will improve fleet efficiency, seek alternative revenue streams, and adjust its marketing efforts - all in a bid to reduce costs. The latest move comes as the troubled carrier’s securities were given the ‘caution’ sign by the Thai stock ...
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NewsFAA extends slot relief at seven major US airports
The Federal Aviation Administration is proposing to extend slot relief at seven major US airports so as not to penalise airlines that reduced flying as a result of the aftermath of the coronavirus pandemic.
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NewsEuropean Commission agrees to waive 80:20 airline slot rule for winter
The waiver conditions agreed between airlines, airports and slot coordinators earlier in September will be applied immediately, “pending the adoption of fully enforceable conditions”, says European Commissioner for Transport, Adina Valean.
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NewsGreenpeace to launch legal challenge over KLM state aid
Environmental group Greenpeace is to launch a legal challenge to block the Dutch government’s planned €3.4 billion ($4 billion) rescue support for national carrier KLM arguing green conditions tied to the bailout are not strong enough.
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NewsCathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months. In its monthly traffic results for August, Cathay confirms that it is parking a significant number of aircraft overseas, given that it “will be ...
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NewsTaiwan’s Starlux orders eight A330neos
Starlux Airlines is set to become Taiwan’s first Airbus A330neo operator, after the carrier ordered eight examples of the widebody. Airbus, announcing the order on its social media channels, states that the eight widebodies will be leased from Air Lease Corporation. Source: Airbus Starlux Airlines ...
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NewsLATAM request for DIP financing rejected by bankruptcy court
LATAM Airlines’ proposal to secure $2.2 billion in debtor-in-possession financing has been rejected by a bankruptcy court in New York. The Chile-based airline group, which filed for Chapter 11 bankruptcy protection in the USA on 26 May, says in a Securities and Exchange Commission filing that a judge at the ...
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NewsRyanair closes Dusseldorf base
Ryanair will close its Dusseldorf base in October after the German airport’s operator and a ground handling provider refused to lower their fees.