Strategy – Page 561
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NewsLufthansa secures tentative clearance for Austrian takeover
German flag-carrier Lufthansa has secured conditional competition approval for its acquisition of Austrian Airlines. The European Commission says competition...
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News
Business briefs
Continental Airlines is to axe 1,700 positions as part of a cost-cutting effort aimed at saving $100 million,...
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Malaysia's AirAsia X eyes virtual Middle East hub
Malaysian long-haul low-cost airline AirAsia X plans to set up a "virtual" hub in the Middle East as part of its expansion plan.
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Jet Airways adds code to Jetlite's network
India's Jet Airways has added its code to subsidiary Jetlite's domestic network and integrated their reservation systems.
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Pacific Blue adds Auckland-Queenstown to NZ network
Pacific Blue plans to expand its New Zealand domestic network with the addition of a weekend Auckland-Queenstown service from 19 September.
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Southwest competes with Republic to buy Frontier
Southwest Airlines will submit at least a $113.6 million bid to buy competitor Frontier Airlines, which will auctioned off in bankruptcy court next month....
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Republic sees Mokulele gaining traction in interisland Hawaii
After recently investing an additional $7.5 million in Hawaiian interisland carrier Mokulele Airlines, Republic Airways Holdings believes Mokulele is gaining...
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SIA reports Q1 loss of S$307 million
Singapore Airlines swung to a net loss of S$307 million ($212 million) during its fiscal first quarter, its first quarterly loss since the SARS crisis in...
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Air Canada raises C$1 billion to meet liquidity targets
Air Canada today took another significant step in its financial restructuring after securing up to C$1.2 billion ($1 billion) in liquidity.
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Jetstar to launch Sydney-Perth in October
Australia's Jetstar will launch a daily Sydney-Perth service from 2 October, and plans to use subsidiary Jetstar Asia on the Perth-Jakarta route from 14...
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Frontier’s profitability streak continues through June
Denver-based Frontier Airlines marked its third consecutive month of profitability after posting $7.2 million in net income in June following profitable...
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United mulls overseas connectivity options as partner readies plan
Star Alliance member United Airlines is studying in-flight connectivity options for its overseas flights.
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Embraer's Curado in no rush to decide on new aircraft programme
Embraer chief executive Fred Curado says the manufacturer does not expect to decide on launching a new aircraft programme for 18-24 months, and that the...
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AirAsia X has no plans for merger with AirAsia
Malaysia long-haul low-cost carrier AirAsia X says there are no plans for a merger with parent AirAsia. "As far as AirAsia X is concerned, nobody here...
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NewsLufthansa seeks deadline extension to seal Austrian takeover
German flag-carrier Lufthansa is seeking to extend by one month the deadline to complete its Austrian Airlines takeover, after indicating that it can achieve...
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SIA Engineering Q1 profits down 23.2%
SIA Engineering's fiscal first quarter net profits fell 23.2% to S$45.1 million ($31.3 million) due to falling maintenance, repair and overhaul revenues.
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SATS Q1 profits up 17% despite falling aviation revenues
Singapore Airports Terminal Services (SATS) has reported a 17% increase in first quarter net profits, even though its aviation business has continued to...
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NewsOSHKOSH 2009: VIDEO: SpaceShip Two mothership lands at Airventure
Watch video of Virgin Galactic's SpaceShip Two mothership WhiteKnight Two landing today at 14:47 local time at the EAA Airventure air show in Oshkosh, Wisconsin
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AirAsia to increase KL-Trichy services
Malaysian low-cost AirAsia is doubling its Kuala Lumpur-Tiruchirappalli service to twice-daily from once-daily from 1 September due to strong demand.
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News
Business briefs
BA TO RAISE $600M for LIQUIDITY boost CASHBritish Airways is looking to raise £600 million ($987 million) in cash to increase its liquidity in the...