All Strategy articles – Page 13
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NewsRemote operator Canadian North to be acquired by Exchange Income Corportation
Shareholders of Ottawa-headquartered operator Canadian North have entered a binding agreement to sell the airline to Exchange Income Corporation for C$205 million ($143 million).
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News‘Combinations are coming’: Sun Country adds to airline consolidation chatter
With the US airline industry buzzing over potential tie-ups, Sun Country Airlines added to the chatter on 20 February by acknowleding that it views combinations with certain competitors favourably.
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NewsSpirit Airlines’ restructuring plan approved by US bankruptcy court
A US bankruptcy court has approved Spirit Airlines’ plan to reorganise through a Chapter 11 process and emerge with a stronger balance sheet.
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NewsJetBlue shopping around for potential tie-up partner as NEA appeal deadline looms
JetBlue Airways is exploring tie-ups with several US carriers, including the potential revival of its defunct the Northeast Alliance with American Airlines.
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NewsSIA Group betters third-quarter net profit with boost from Air India-Vistara merger
Singapore Airlines Group more than doubled its net profit in the third quarter after getting a one-time accounting gain from the merger of former joint venture Vistara with Air India.
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NewsSouthwest caves further to Elliott as chief transformation officer steps down
Southwest Airlines is caving further to pressure from minority stakeholder Elliott Investment Management, which has been granted permission to own a greater share of the company’s outstanding stock.
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NewsSpiceJet open to widebodies, long-haul operations: CEO
SpiceJet does not rule out acquiring widebody aircraft for long-haul operations in the future, as it looks to build back capacity while working through its financial challenges.
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NewsSouthwest axes 15% of corporate jobs in first-ever layoff
Southwest Airlines has slashed more than 1,750 corporate jobs – including roles in senior management – in its first large-scale retrenchment aimed at saving costs.
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NewsNorwegian to take call on Max options in next six months
Norwegian will take a decision in the next six months on the 30 options it holds for Boeing 737 Max jets as it expects to take delivery 11 to 13 aircraft this year.
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NewsMalaysia Aviation Group transfers MASwings unit to Sarawak government
Malaysia Aviation Group has formally transferred ownership of regional unit MASwings to the state government of Sarawak, following the signing of a sale and purchase agreement on 12 February.
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NewsSpirit rebuffs latest Frontier takeover bid
Spirit Airlines has rejected a third takeover attempt by rival Frontier Airlines, and will instead proceed with its own recapitalisation efforts, which it expects to complete by end-March.
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NewsEmbattled Rex could be government-owned if no private buyer found
The Australian government has signalled it could acquire embattled operator Regional Express (Rex) if its long-drawn administration yields no suitable buyer.
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NewsSouthwest picks Tom Doxey to replace retiring CFO Tammy Romo
Southwest Airlines has named Tom Doxey, former president of US discounter Breeze Airways, as successor to longtime chief financial officer Tammy Romo, who is set to retire.
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NewsFlySafair given year to comply with South Africa’s ownership rules
FlySafair has been given 12 months to comply with the domestic regulator’s ruling on its ownership structure, alleviating concerns that the low-cost carrier might be forced to ground its operations until the issue was resolved.
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NewsLufthansa Group brings ITA under its wing as integration efforts ramp up
Lufthansa Group is ramping up efforts to integrate new member airline ITA Airways, starting with merging frequent flyer programmes.
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NewsAir Wisconsin plans hundreds of layoffs as agreement with American winds down
US regional carrier Air Wisconsin plans to lay off hundreds of workers as it pivots from operating on behalf of American Airlines to charter and essential air service (EAS) flying.
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NewsAzul concludes restructuring with ‘extinction’ of $2.1bn debt
Brazilian carrier Azul has concluded its restructuring process by agreeing with bondholders, lessors and aircraft manufacturers to eliminate R$12.3 billion ($2.1 billion) in debt.
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NewsSpirit rejects fresh acquisition move by Frontier
Frontier Airlines has made a second attempt to acquire Spirit Airlines, in a proposal that its struggling rival has already rejected.
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NewsReignition of Heathrow runway plan prompts Walsh warning on charges
IATA has welcomed the “statement of intent” from the UK government that it will support the building of a third runway at Heathrow airport, but insists that the hub’s charges are the most pressing issue.
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NewsRyanair again cuts traffic target as Max deliveries fall short
Ryanair has cut is traffic target for the fiscal year beginning April 2025 after learning that Boeing will be unable to deliver sufficient 737 Max 8-200s to meet a passenger target that had already been revised downwards.