Strategy – Page 41
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NewsPortugal dismisses TAP chief and chairman
Portugal’s finance minister has dismissed TAP Portugal’s chairperson Manuel Beja and chief executive Christine Ourmieres-Widener following a report into a controversial severance payment to a former TAP administrator.
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NewsAzul posts record R$15.9bn revenue in 2022
Brazil’s Azul notched record fourth-quarter revenue as passenger travel demand remained strong and cargo continued booming.
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NewsLufthansa take cautious view on capacity as constraints remain
Lufthansa Group continues to be wary of growth constraints from wider supply chain challenges this year as it expects capacity to climb to between 85-90% of pre-pandemic levels.
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NewsLufthansa highlights southern hub role as ITA talks continue
Lufthansa Group chief executive Carsten Spohr sees the Rome Fiumicino hub of acquisition target ITA Airways as better positioning it to serve southern hemisphere markets as talks on a deal continue.
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NewsTalks under way over possible partial sale of Lufthansa Technik
Lufthansa has begun talks with potential investors over the possible partial sale of Lufthansa Technik, though the MRO unit will remain a key part of the airline group.
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NewsHong Kong’s Greater Bay orders 15 Boeing 737 Max 9s and eyes 787s
Start-up Hong Kong carrier Greater Bay Airlines has ordered 15 Boeing 737 Max 9s and made a “commitment” to order five 787s.
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NewsTurkish Airlines preparing but in no rush to spin out Anadolu Jet
Turkish Airlines is continuing work on establishing its low-cost unit Anadolu Jet as a standalone operation, though has set no firm plans on a possible IPO for the carrier.
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NewsVirgin Atlantic formally joins SkyTeam
Virgin Altantic has formally entered SkyTeam today, joining transatlantic joint venture partners Delta Air Lines, Air France and KLM in the global alliance.
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NewsLufthansa extends Spohr’s contract for five more years
Lufthansa Group has extended the contract of chief executive Carsten Spohr for another five years, alongside that of chief financial officer Remco Steenbergen.
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NewsDelta pilots approve new contract
Pilots at Delta Air Lines have approved a new contract that will give them a 34% pay increase by 2026.
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NewsTurkish Airlines doubles revenues and operating profits in 2022
Turkish Airlines almost doubled revenues and operating profits last year as a sharp return in passenger demand helped it to record profitability
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NewsNorse adds four new US routes from London Gatwick
Long-haul European discounter Norse Atlantic Airways plans to expand further in the coming months with flights from London’s Gatwick airport to another four US cities.
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NewsBullish Virgin Australia eyes international ramp-up
Virgin Australia is to focus on a significant international ramp-up in the coming year, with the airline also seeing strong inbound travel demand from Chinese travellers.
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NewsThai in 'revival mode’ as it focuses on boosting revenue quality: CEO
Thai Airways International is entering “revival mode” after more than two years of “running on survival mode”, as its new chief executive vows to restore confidence in the beleaguered carrier.
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NewsAir India ‘confident’ of profitability, eyes near-term fleet expansion
Air India is “confident” it will turn profitable through its business transformation efforts, as it looks to significantly expand its operating fleet in the near term.
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NewsRex narrows half-year losses, remains optimistic of return to profit
Australia’s Regional Express (Rex) narrowed its half-year losses on the back of a significant jump in passenger revenue, though it notes that its regional operations were “a drag” on overall performance.
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NewsCarlyle takes stake in SpiceJet after debt-for-equity swap deal
SpiceJet has agreed a debt-for-equity deal with Carlyle Aviation Group under which the aircraft lessor will take a stake in the Indian low-cost carrier and cargo unit SpiceXpress and Logsitics.
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NewsThai to expand fleet as airline swings to small net loss in 2022
Thai Airways International will return to service two Boeing 777-200ERs, as well as lease two Airbus A350s, as part of a fleet expansion plan amid “continued growth” in travel demand.
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NewsPilot shortage will erode US discounters’ low-cost edge: United executive
A shortage of pilots will increasingly erode the cost advantages long enjoyed by US discount airlines while improving the competitive position of giants like United Airlines.
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NewsState funds to tackle historic debts as SAA covering operating costs
South African Airways (SAA) has flagged that it is now covering its operating costs after the country’s finance ministry set aside R1 billion ($55 million) to deal with a portion of its historic debts.