Strategy – Page 162
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NewsWizz Air to set up joint-venture Abu Dhabi carrier
Central European budget carrier Wizz Air has provisionally agreed to establish a low-cost carrier venture in Abu Dhabi, the second such budget airline plan to emerge in the emirate in recent weeks. The Abu Dhabi government says a preliminary agreement has been reached with Wizz to launch the venture in ...
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NewsTaiwan carrier FAT goes belly up
Privately owned Taiwanese carrier, Far Eastern Air Transport (FAT), will cease operations from 13 December, according to a notice on their website. “Due to long-term operating losses and difficulty in raising funds, the company will cease operations from 13 December. We apologise for any inconvenience caused to passengers and seek ...
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NewsLufthansa names new chiefs for Eurowings and Brussels Airlines
Lufthansa Group has appointed Jens Bischof and Dieter Vranckx as chief executives for budget arm Eurowings and Brussels Airlines respectively, and hired Boston Consulting Group partner Patrick Staudacher for the “reoriented” position of finance chief at the German mainline.
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NewsRyanair passengers ‘will not know if 737 Max is due to operate flight’
Ryanair’s aircraft allocation procedures mean passengers will not be told during the booking process whether or not their flights are due to be operated by Boeing 737 Max jets, according to group chief executive Michael O’Leary.
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NewsRyanair chief wants ‘majority in favour of something’ from UK election
The airline industry would benefit from the UK’s parliamentary election on 12 December producing a “clear majority” regarding a way forward on Brexit, in the view of Ryanair group chief executive Michael O’Leary.
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NewsIATA sees airline profits jumping back after cutting outlook for 2019
Airline body IATA expects collective industry profits to climb back to almost $30 billion in 2020, despite cutting its outlook for the current year by a further $2 billion in its latest forecast.
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NewsLa Compagnie among slot beneficiaries of Aigle Azur failure
Premium long-haul operator La Compagnie and carriers including Lufthansa, Wizz Air and TAP are among the beneficiaries of slots released at Paris Orly by the collapse of French airline Aigle Azur in September.
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NewsAlitalia to be overseen by single commissioner
Alitalia’s team of three extraordinary commissioners has been replaced with a single commissioner, the Italian government has disclosed.
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NewsHong Kong Airlines vows change after spared shutdown
Hong Kong Airlines (HKA) has vowed to get its finances back in shape and “drive consolidation” within the company, after it escaped further sanction from the territory’s authorities.
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NewsLATAM and IAG abandon joint venture plans
LATAM Airlines Group has terminated plans to develop a joint venture agreement with alliance partner International Airlines Group (IAG) after deciding to leave the Oneworld alliance.
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NewsAustralian watchdog flags concerns over frequent flyer programmes
Australia’s competition watchdog has expressed concern about airline frequent flyer programmes, flagging the potential for unfair pricing and anti-competitive practices.
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NewsSAS to deepen cuts after ‘unsatisfactory’ 2019 result
Scandinavian airline SAS has stepped up cost-saving measures after delivering a full-year result its chief executive Rickard Gustafson describes as “unsatisfactory”.
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NewsUnited Airlines president Kirby to take over as chief executive
United Airlines’ president Scott Kirby will take over the chief executive role in May 2020, at which point current incumbent Oscar Munoz will become executive chairman of the US carrier’s board.
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NewsSAA to receive R4bn funding as part of business rescue
South African Airways is to receive a R4 billion ($273 million) in funding as part of the effort to restructure the ailing flag-carrier following its placement into business rescue.
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NewsNorwegian sells Argentinian unit to JetSmart
Norwegian has sold its Argentinian subsidiary to Chilean low-cost carrier JetSmart for an undisclosed amount, as the Scandinavian group looks to cut costs and focus on core operations.
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NewsCondor restores bird logo as it separates from Thomas Cook
German leisure carrier Condor has reverted to a previous corporate logo for its fleet, distancing the airline from its collapsed former parent Thomas Cook Group.
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LATAM signs codeshare with Delta in shift away from American
South American carrier LATAM Airlines Group has signed new codeshare agreements with pending-equity owner Delta Air Lines and announced plans to discontinue its codeshare deal with American Airlines on 31 January 2020.
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HK authorities close in on troubled Hong Kong Airlines
Hong Kong Airlines (HKA) faces the prospect of being wound up by 7 December, if it fails to turn its troubled financial situation around.
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NewsEmbattled Cathay to cut capacity in 2020
Cathay Pacific will cut seat capacity by 1.4% year-on-year in 2020 as Hong Kong’s political troubles and trade tensions hurt the airline in key markets.
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South African Airways to undergo 'radical' restructuring
South Africa’s government is to undertake an extensive restructuring of South African Airways, insisting that it has run out of alternative strategies for the troubled flag-carrier.