Strategy – Page 168
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Air France-KLM to reinvent itself through simplification: chief
Air France-KLM has reiterated a need for group-wide operational simplification in order to achieve "sustainable profitability".
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Hong Kong Airlines axes Los Angeles as it cuts operations by 6%
Hong Kong Airlines (HKA), which has recently been plagued by financial troubles, is trimming its operations by about 6%, following an intervention by the territory's civil aviation authorities.
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Avianca gives up on acquiring Aeromar
Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
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IAG acquires Air Europa in bid to transform Madrid
Iberia and Vueling parent IAG has agreed to acquire another Spanish operator, Air Europa, for a cash transaction of €1 billion ($1.1 billion).
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Loss-making Thai Airways' chairman quits
Thai Airways International's chairman has stepped down amid continuing pressure over the loss-making airline's financial performance.
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Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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Gol Q3 results up despite Max grounding, unscheduled maintenance
Brazil’s low-cost carrier Gol reported a rise in third quarter revenue on increasing passenger demand and “dynamic revenue management” - flexible pricing which allows the company to constantly optimise returns - despite taking a hit for unscheduled maintenance as well as the grounding of its seven Boeing 737 Max aircraft.
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Air France-KLM's third-quarter profit dips on softer unit revenue
Air France KLM has posted a moderate decline in third-quarter profit after higher fuel costs and weaker unit revenue overwrote a steady growth in passenger numbers.
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Thomas Cook’s Nordic airline renamed after investors swoop
Thomas Cook Airlines Scandinavia is to be rebranded as Sunclass Airlines after the collapsed tour operator Thomas Cook Group’s Northern Europe division was acquired by a trio of investors. The investors include Strawberry Group, the fund controlled by businessman Petter Stordalen, as well as Altor Funds and TDR Capital. Strawberry ...
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SAA in discussions over equity partnership: minister
South Africa's finance minister has told the country's parliament that discussions are being held with investors with a view to freeing flag-carrier South African Airways from state support.
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British Airways cuts Miami capacity over Trent 1000 issues
British Airways is cutting its winter frequencies to Miami because of ongoing issues with the Trent 1000 engines on its Boeing 787 Dreamliners.
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Gatwick trial targets 10% cut in boarding times
London Gatwick airport is conducting a trial to find the most efficient sequence to seat passengers, in a bid to reduce boarding times by 10%.
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SIA and Malaysia Airlines add revenue-sharing to partnership
Singapore Airlines and Malaysia Airlines have signed a wide-ranging commercial agreement, which will include revenue sharing and expanded codeshares, building on a memorandum of understanding which was signed in June.
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Indonesia AirAsia names new chief executive
Indonesia AirAsia (IAA) has named Veranita Yosephine as its new chief executive.
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Aviation in Brazil hampered by litigation, taxes, regulation
A litigious culture, high taxes and regulatory issues are the main obstructions to aviation growth in Brazil, South America’s most populous country, and one that is generally considered still severely underserved in terms of air travel.
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Latin American airlines embrace equity ties with larger carriers
Leaders of Latin American carrier expressed optimism on 28 October about the increasingly common joint ventures and airline-airline equity investments, while also downplaying regional challenges as workaday hurdles.
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ALTA Airline Leaders Forum 2019 in pictures
This year's ALTA Airline Leaders Forum took place on 27-29 October in Brasilia.
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Aviation industry success rests on diversity: executives
The aviation industry’s competitiveness in the coming decades increasingly rests on a diverse and well-educated workforce, which includes more representation from groups that are currently largely overlooked, a panel of executives tells participants of the annual ALTA Airline Leaders Forum in Brasilia.
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Alaska Airlines cancels all Santa Rosa flights due to wildfire
Alaska Airlines cancelled all of its scheduled service to the Santa Rosa, California airport, north of San Francisco, due to a massive wildfire nearby which has burned tens of thousands of hectares and forced 180,000 residents to flee their homes.
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Avianca to codeshare with Gol as it overhauls business
Avianca has disclosed that it will begin a codesharing agreement with Brazil's domestic market leader Gol, further expanding the Colombian flag carrier's network in South America's largest aviation market as it moves forward from a challenging year.