All Strategy news – Page 216
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News
Jet Airways CFO resigns
Jet Airways’ chief financial officer and deputy chief executive Amit Agarwal resigned from the airline on 13 May.
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Azul proposes fresh bid for Avianca Brazil assets
Azul has returned to the race for assets of bankrupt Avianca Brazil with a new offer, while the financially troubled carrier filed an appeal in court against the last-minute suspension of its bankruptcy auction last week.
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Private equity fund Onex to acquire WestJet
Canada's second-largest carrier WestJet is to be acquired by Toronto-based private equity firm Onex for around C$5 billion ($3.7 billion), including debt.
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Airline Business
ANALYSIS: Will prince charming deliver Thai’s upgrade plan?
Thai Airways International has renewed its effort to obtain permission to buy new aircraft and has even beefed up its hoped-for order.
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Latest Emirates fleet plan completely omits 787-10s
Emirates Group’s newly-released annual report lists 234 future aircraft deliveries, but makes no mention of the Boeing 787-10s for which Emirates signed in 2017.
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Etihad prepared to reinvest in a restructured Jet
Etihad Airways has flagged its willingness to commit fresh capital in order to remain a minority shareholder in a restructured Jet Airways.
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Viva Air attracts $50 million investment from private equity firm
Irelandia Aviation has secured a $50 million investment from New York-based private equity firm Cartesian Capital Group for its Latin American low-cost carrier Viva Air Group, in exchange for an unspecified stake in the airline.
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Airline Business
ANALYSIS: JetBlue's possible avenues to London slots
When he outlined his carrier's plans to starting serving London from New York and Boston in 2021, at the UK Aviation Club in April, JetBlue chief executive Robin Hayes seemed entirely unfazed by the prospect of securing the necessary slots.
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Level underperformed in Paris and Vienna: IAG chief
IAG's budget carrier Level has performed below expectations in Paris and Vienna, group chief executive Willie Walsh admitted today.
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IAG to seek compensation over additional Trent 1000 checks
IAG is to demand additional compensation from Rolls-Royce over extra maintenance inspections for Trent 1000 TEN engines.
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IAG first-quarter profit drops 60%
British Airways and Iberia parent IAG has posted a 60% drop in first-quarter operating profit before exceptional items, to €135 million ($152 million), and offered a more gloomy assessment of passenger unit revenues for the year.
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Garuda defends treatment of IFEC deal in 2018 results
Garuda Indonesia has defended its decision to recognise $242 million of future revenue from an inflight wi-fi and entertainment deal with Mahata Aero Teknologi (MAT) as an operating item in its 2018 financial results.
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Air Italy plans North American growth despite US protests
Air Italy plans to announce at least two additional North American destinations for the summer of 2020, as the airline expands transatlantic service despite opposition from US legacy carriers.
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Aer Lingus adds new premium fare on short-haul routes
Aer Lingus has announced a new premium product for short-haul flights on 27 busy routes from Ireland to cities such as London, Paris and Manchester.
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SpiceJet launches business class
Indian budget carrier SpiceJet has opened reservations for its new domestic business class product that will operate on select domestic routes.
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PICTURE: Delta A330neo takes maiden sortie
Delta Air Lines first Airbus A330-900 made its maiden flight today, as the carrier prepares to take delivery later this month.
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Lufthansa bids for Thomas Cook's Condor
Lufthansa has made a nonbinding offer for Thomas Cook’s German airline, Condor, with an option to extend it to the UK group’s other airlines, the German carrier's chief executive confirmed today.
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Asiana to cut four routes and cease first class
Asiana will suspend services to Delhi, Sakhalin, Khabarovsk and Chicago and cease first class services in the coming months as part of its focus on boosting profits.
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Italy pushes Alitalia privatisation deadline back to mid-June
Italy's government has pushed back to the middle of June the deadline to conclude the privatisation of Alitalia.
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Icelandair considers A321neo and possible all-Airbus fleet
Icelandair Group is considering switching to an all-Airbus fleet, or the introduction of A321neos to succeed the Boeing 757, as part of a long-term strategic review.