Investment bankers Seabury Group will expand beyond its traditional restructuring specialty into airline cost-reduction consulting. It has recruited four former Bain & Company consultants. They are led by Joseph Schottland, former vice-president for strategic development at Grupo TACA. Seabury chairman John Luth says the move makes the firm a "one-stop shop" for airline needs.
Source: Airline Business
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
