All Strategy news – Page 79
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News
Delta still in talks with Boeing over 737 Max order
Delta Air Lines is continuing talks with Boeing about an order for 737 Max jets, the carrier’s chief executive Ed Bastian confirmed on 1 June.
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News
Comair forced to suspend flights as it seeks fresh funds
South African carrier Comair has suspended scheduled flights as it bids to secure additional funding to enable it to resume services.
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Swiss WorldCargo joins Cathay, Lufthansa Cargo tie-up
Cathay Pacific and Lufthansa Cargo have added Swiss WorldCargo to their joint air cargo business arrangement.
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Norwegian agrees deal to buy 50 737 Max 8s
Restructured low-cost carrier Norwegian has struck a preliminary agreement to acquire 50 Boeing 737 Max 8 for delivery from 2025 through to 2028.
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JetBlue accuses Spirit’s board of conflicts of interest
An “entrenched” board of directors with ties to Frontier Airlines is behind Spirit Airlines’ disinterest in a proposed acquisition by JetBlue Airways.
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Climbing revenues help Aegean to narrow first-quarter loss
A sharp jump in revenues enabled Greek carrier Aegean Airlines to narrow losses against 2021 in its low-season first quarter.
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Omicron-hit drags IndiGo to deeper full-year loss
Indian low-cost carrier IndiGo lost Rs61.6 billion ($795 million) for the year ending 31 March 2022 after a wave of Omicron-variant Covid-19 infections hit its fiscal fourth-quarter performance.
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Lufthansa confirms joint bid submitted for Italian carrier ITA
Lufthansa has confirmed it has submitted a joint bid with Swiss shipping firm MSC Group for a stake in ITA Airways, though will not be drawn on reports the partners are looking to take a combined 80% holding in the new Italian carrier.
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Air France commits to first class with cabin refresh for winter 2023
Air France has underlined its commitment to a first-class product offering by detailing its intention to debut a refreshed La Premiere cabin for the 2023/24 winter season.
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Air France-KLM launches €2.2bn capital increase
Air France-KLM has launched a capital increase to existing shareholders to raise €2.26 billion ($2.4 billion) aimed at repaying state aid secured during the pandemic
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Air France-KLM in talks with Apollo over €500m capital injection
Air France-KLM has entered into exclusive talks with private equity firm Apollo Global Management over a €500 million ($527 million) capital injection to an Air France operating affiliate as part of further steps to repay state funds secured during the pandemic.
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Airline Business
Airline tie-up moves show fresh post-pandemic path to partnerships
Air France-KLM’s long-term partnership with French shipping and logistics specialist CMA CGM is further evidence of the variety of approaches to partnerships emerging in the pandemic recovery stage.
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IATA urges Latin American governments to dump Covid travel restrictions
Airline and aviation groups are calling on Latin American and Caribbean governments to ditch Covid-19-related travel restrictions, saying the region’s aviation industry cannot recover with restrictions in place.
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Spirit, JetBlue trade more barbs in takeover saga
JetBlue Airways and Spirit Airlines have traded more barbs as the Spirit board continues to fend off a JetBlue hostile takeover attempt, and move forward with its proposed merger with Frontier Airlines.
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Citing airlines, US attorney commits to enforce antitrust law
A top US attorney has specifically called out the airline industry when stressing that the US government will continue fighting against business practices it considers anti-competitive.
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EasyJet eyes growth at slot-constrained airports through A319 up-gauge
Low-cost carrier EasyJet is citing its ability to up-gauge from smaller Airbus A319s as providing an opportunity to lift capacity in the coming years as part of its strategy of growing at slot-constrained airports.
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EasyJet narrows first half loss as capacity nears pre-crisis return
UK budget carrier EasyJet expects load factors to exceed 90% on capacity almost back at 2019 levels during the peak summer quarter, though it has stopped short of providing profit guidance for its financial running to 30 September 2022.
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Airline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
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Surf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
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News
CMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.