Strategy – Page 107
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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.
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NewsTroubled Nok given extension to submit rehabilitation plan
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan.
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NewsSouthwest sees break-even by June
Southwest Airlines hopes to break even by mid-2021 as air travellers return in greater numbers.
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NewsAmerican’s Parker says recovery imminent
American Airlines is optimistic that a sustainable post-coronavirus rebound has begun as customers start to return in greater numbers.
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NewsAmerican deal on track despite JetBlue’s pilot tiff: CEO Hayes
JetBlue Airways remains able to implement a business partnership with American Airlines despite JetBlue’s pilots recently voting down new contract terms.
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NewsJetBlue reports surge in March leisure travel demand
JetBlue Airways has seen a substantial jump in air travel demand during March, with its daily revenue almost doubling – thought the airline has not reached cash-break-even levels.
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NewsJazz pilots agree to Air Canada Express deal
Pilots at Canada’s Jazz Aviation have approved a deal that will allow the company to become the exclusive operator of Air Canada Express flights.
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NewsVirgin Atlantic to receive further shareholder funding
Virgin Atlantic has agreed a further £160 million ($223 million) package of loans and payment deferrals, the majority of which will come from founder Richard Branson’s Virgin Group, as the UK carrier awaits a return to flying later in the year.
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NewsAir Baltic to resume non-EU flights
Latvian carrier Air Baltic is to begin restoring flights outside of the European Union, initially resuming services to the Ukraine capital Kiev.
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NewsJet2 to receive £200 million UK government loan
Jet2 is to access a loan of £200 million ($278 million) from the UK government’s Covid Corporate Financing Facility (CCFF).
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NewsEmirates to deepen TAP Air Portugal codeshare
Middle East carrier Emirates is deepening its codeshare with Star Alliance carrier TAP Air Portugal under a fresh agreement.
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NewsUS regional airlines struggling to secure government pandemic-relief aid: RAA
The US regional airline sector is calling out the US government for months-long delays in the distribution of pandemic-relief funds to the country’s smaller airlines.
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NewsSIA to ‘progressively’ bring 737 Max fleet out of desert
Singapore Airlines will “progressively” return four remaining Boeing 737 Max aircraft to Singapore from storage in Australia, as a cabin retrofit programme gets underway for the type.
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NewsEmbattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.
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NewsUnited Airlines chief warns of ‘dramatic’ impact of unchecked climate change
Human-influenced climate change is the “defining issue for our generation to solve”, in the view of United Airlines chief executive Scott Kirby, who says his passion for the subject is behind the carrier’s attempt to become an industry leader on sustainability.
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NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
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NewsPresident Biden to sign bill providing $14bn to airlines
Both houses of the US Congress have now passed a pandemic-relief bill that would make billions of dollars in aid available for the benefit of employees at US airlines.
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NewsWizz Air UK to have four A321neos by end of May
Wizz Air’s UK operation will have four new Airbus A321neos in its fleet by the end of May after today carrying out its first flight with the Pratt & Whitney GTF-powered narrowbody.
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NewsUS DOT grants Breeze certificate to operate
The US Department of Transportation (DOT) has given start-up low-cost airline Breeze Airways the green light to begin operations.
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NewsBusiness travel will come back: United Airlines chief
It is a mistake to believe that business travel demand will be fundamentally altered by the Covid-19 pandemic, even if its recovery will lag the return of leisure markets, according to United Airlines chief executive Scott Kirby.