Strategy – Page 106
-
NewsLosses treble at Kenya Airways amid worst year for traffic since 1999
Kenya Airways’ losses tripled to KShs36 billion for the 12 months to December 2020, a year in which pandemic disruption led to passenger levels falling to their lowest level since 1999.
-
NewsFormer Spirit chief takes vice-chairman role at India’s GoAir
Former Spirit Airlines chief executive Ben Baldanza is to become vice-chairman of Indian carrier GoAir as it looks to strengthen its senior management and develop its ultra-low-cost model.
-
NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.
-
NewsEVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air— have reported contrasting financial results for the year ended 31 December 2020.
-
NewsUS trade groups call on government to ease travel restrictions
Numerous lobby groups and trade organisations representing the aviation and travel industries have called upon the US government to develop a roadmap that would relax international restrictions and once again allow foreign tourists to enter the country.
-
NewsEasyJet chief dismisses sustainable fuels as irrelevant to short-haul future
Short-haul carriers have little reason to invest in the development of sustainable aviation fuels (SAFs) when new propulsion technologies are on the horizon, in the view of EasyJet chief executive Johan Lundgren.
-
NewsAlaska Airlines names new chief operating officer
Constance von Muehlen has been named as Alaska Airlines’ new chief operating officer, effective 3 April.
-
NewsBeleaguered HNA Group seeks investors for aviation assets
China’s HNA Group wants strategic investors for its airline and airport units, days after receiving court approval to merge 321 related companies into a single entity for restructuring purposes.
-
NewsWith a view of Mount Fuji, China Airlines bids farewell to 747
China Airlines has ended more than 45 years of Boeing 747 passenger operations with a flight to nowhere that circled Mount Fuji in Japan on its last 747-400.
-
NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
-
NewsChina Airlines appoints company veteran as new president
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president.
-
NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).
-
NewsIAG to raise €1 billion through bond issue
IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes.
-
NewsAzul eyes 40% annual cargo revenue surge
Azul founder David Neeleman anticipates the Brazilian airline’s cargo business will take off in the coming years thanks to booming growth of e-commerce in Latin America.
-
NewsSun Country stock debuts with $1.84 billion valuation
Sun Country Airlines began trading on 17 March under the ticker “SNCY” on Nasdaq priced at $33 per share, higher than its original expectation of $21 to $23 per share, giving the low-cost carrier a market value of $1.84 billion.
-
NewsAustralian competition watchdog weighs in on Rex-Qantas spat
The Australian Competition and Consumer Commission (ACCC) has weighed in on the ongoing feud between Regional Express and Qantas, noting, among other things, that competition “appears to be increasing, not decreasing”.
-
NewsBA bucks European trend with plans to return A380 to service
British Airway intends to return its Airbus A380s to service, making it an exception to a trend away from operating the four-engined superjumbo among its European peers.
-
NewsQantas domestic network recovers to pre-pandemic levels
Australian flag carrier Qantas has seen its domestic market share increase from pre-pandemic levels, at the expense of rival Virgin Australia, which entered — and subsequently exited from —administration amid the coronavirus outbreak in 2020.
-
NewsCourt allows merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts.
-
NewsIndigo Partners raises £400m after selling more Wizz shares
Indigo Partners has sold just over half of its 17.5% stake of ordinary shares in European budget carrier Wizz Air through a placement to institutional investors.