Strategy – Page 116
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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NewsUS DOT approves Aer Lingus to join transatlantic venture
The US Department of Transportation has granted antitrust immunity for Dublin-based Aer Lingus to join an existing transatlantic joint venture between Oneworld member carriers American Airlines, British Airways, Level, Iberia, and Finnair, finalising tentative approval granted in November. This approval by the DOT gives Aer Lingus the ability to integrate ...
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NewsAtlas completes transatlantic flight using sustainable aviation fuel
Cargo carrier Atlas Air Worldwide has completed a test flight from Europe to Latin America using sustainable aviation fuel (SAF) sourced from fresh vegetable oil.
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NewsPoland secures EC approval for LOT rescue package
European regulators have cleared the Polish government’s request to provide national carrier LOT Polish Airlines with around PLN2.9 billion ($787 million) in financial support under the temporary easing of state aid rules.
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NewsBlock on UK airline travel shows need for Covid-19 testing regime: IATA
IATA believes the sudden blocking of flights from the UK by dozens of countries proves the importance of introducing universal Covid-19 testing regimes to keep international travel open.
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NewsXiamen Airlines gets capital boost from parent China Southern
China Southern Airlines will inject more capital into its subsidiary Xiamen Airlines, as part of a move to “support the development” of the latter carrier’s business.
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NewsUS airlines express relief at new coronavirus relief bill
US airlines have expressed relief after legislators in Washington, DC reached an agreement on a deal to extend payroll protections to aviation workers to the tune of $15 billion.
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NewsUS lawmakers agree on long-awaited extension of financial aid
After months of negotiations, US lawmakers in Washington, DC have agreed on an additional $900 billion relief package that gives airlines $15 billion more in payroll support to help them manage through the ongoing coronavirus crisis
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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NewsHard-hit Latin American airlines set for an uneven recovery
Latin American airlines’ climb out of the coronavirus-driven downturn will likely be bumpier than their peers on other continents. Economic instability coupled with widely divergent travel restrictions, newly imposed taxes and a lack of government financial aid will make for an uneven recovery.
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NewsRex slams Qantas for ‘opportunistic’ regional market expansion
Australia’s Regional Express has alerted the country’s competition watchdog on what it called an “opportunistic strategy of flooding the regional airline market with excess capacity” by rival Qantas.
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NewsUnited Airlines launches contact tracing for all flights
United Airlines is introducing contact tracing for all of its flights as the coronavirus pandemic continues to unsettle customers who are wary about spending time in close proximity to strangers on an airplane.
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NewsKazzaz to succeed Rousseau as Air Canada chief financial officer
Air Canada has named Amos Kazzaz as its new chief financial officer, replacing Michael Rousseau who will be taking the role of chief executive officer at the Montreal-based carrier in February.
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NewsSouthwest raises daily cash burn estimate for fourth quarter
Southwest Airlines has raised its average daily cash burn expectations for the fourth quarter as the air travel recovery stalls following exploding coronavirus case counts across the United States.
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NewsCathay expects ‘significantly higher’ second-half loss
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.
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NewsChina Airlines takes first 777F
China Airlines has taken delivery of its first Boeing 777 freighter, as it sets its sights on expanding its cargo business in the coming year.
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NewsEtihad inaugurates Boeing 787-10 used as ecoDemonstrator
The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.