Strategy – Page 163
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News
Investment firm I-Jet acquires EuroAtlantic
Portuguese wet-lease operator EuroAtlantic Airways has been acquired by an entity named I-Jet Aviation.
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NewsAlitalia unions challenge government over nationalisation
Alitalia trade union representatives are urging the economic development ministry to put forward a nationalisation plan for the carrier to end uncertainty over its future.
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Hong Kong Airlines cuts capacity further
Hong Kong Airlines (HKA), which has been plagued by fiscal woes, is to completely withdraw from the North American market, following a latest round of capacity cuts.
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NewsIcelandair expects 737 Max to re-enter service in March
Icelandair is expecting the Boeing 737 Max to return to service in March next year, 12 months after its grounding.
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Lufthansa's talks with cabin crew union break down again
Lufthansa’s German flight-attendant union UFO is threatening industrial action after talks in preparation for an arbitration process broke down for the second time this month.
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Plus Ultra takes first A340-600
Spanish carrier Plus Ultra has received the first of three Airbus A340-600s it will use to boost its Latin American network.
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NewsAirAsia boosts third-quarter profit 5% amid strong revenue rise
AirAsia Group’s third-quarter profit rose 4.6% to more than MYR264 million ($63.3 million) as revenue and passenger numbers increased.
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News
Jet Airways' resolution deadline extended again
The committee of creditors (CoC) of collapsed Indian carrier Jet Airways has once again extended the deadline for the submission of a resolution plan for the company.
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News
IndiGo becomes latest IATA member
IndiGo has received its IATA membership certificate, becoming the fourth Indian airline and the second low-cost operator from the country to join the association.
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News
Fastjet blames Zimbabwean volatility for persistent losses
Fastjet Group is predicting full-year net losses of $7-8 million, which it attributes to volatility affecting its Zimbabwean operation, a division it is looking to divest.
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Fastjet looks to sell Zimbabwe arm to avert funding crisis
African budget carrier Fastjet Group is considering selling its Zimbabwe airline operation to raise capital, after disclosing that it is facing more funding pressure.
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News
Norwegian axing long-haul services from two Nordic capitals
Scandinavian budget carrier Norwegian is axing several transatlantic and Asian routes as a consequence of low demand and continuing problems with Rolls-Royce Trent engines on its Boeing 787s.
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News
SITA upbeat airport biometric solutions will take off
It promises to shave off about one-third of travellers’ time at the airport, from check-in to boarding, and is premised on one concept: that your face is your boarding pass.
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News
AtlasGlobal suspends operations until mid-December
Turkish carrier AtlasGlobal announced today that it will halt operations until December owing to economic problems.
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INTERVIEW: SMBC Aviation Capital chief executive Peter Barrett
Three decades ago, Peter Barrett would be sitting in a lonely office manning the phones of Guinness Peat Aviation’s (GPA) Dublin office. As an analyst he the unenviable job of staying late to finish his work and answer the phone if it rang. This was Barrett’s initiation.
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PodcastPODCAST: Airline Business on Air Europa, Brazil, Emirates, Max
The new edition of the Airline Business podcast is now available.
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News
Rex warns of up to 30% profit downgrade
Regional Express (Rex) is warning that its profits could be down 20-30% for financial year 2020 compared with the previous year due to “a very challenging economic environment ahead”.
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NewsSilver Airways begins flying ATR 72-600
Regional carrier Silver Airways has become the first US airline to fly the ATR 72-600 aircraft as it continues to upgrade its fleet, the company says in a statement on 25 November.
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In depthTim Clark on the vital role the UK plays for Emirates
Tim Clark, president of Emirates Airline, tells FlightGlobal ahead of his appearance at next month’s Airlines 2050 conference in London that the UK market is critical to the carrier’s current and future success.