Strategy – Page 65
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NewsSwiss WorldCargo joins Cathay, Lufthansa Cargo tie-up
Cathay Pacific and Lufthansa Cargo have added Swiss WorldCargo to their joint air cargo business arrangement.
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NewsNorwegian agrees deal to buy 50 737 Max 8s
Restructured low-cost carrier Norwegian has struck a preliminary agreement to acquire 50 Boeing 737 Max 8 for delivery from 2025 through to 2028.
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NewsJetBlue accuses Spirit’s board of conflicts of interest
An “entrenched” board of directors with ties to Frontier Airlines is behind Spirit Airlines’ disinterest in a proposed acquisition by JetBlue Airways.
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NewsClimbing revenues help Aegean to narrow first-quarter loss
A sharp jump in revenues enabled Greek carrier Aegean Airlines to narrow losses against 2021 in its low-season first quarter.
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NewsOmicron-hit drags IndiGo to deeper full-year loss
Indian low-cost carrier IndiGo lost Rs61.6 billion ($795 million) for the year ending 31 March 2022 after a wave of Omicron-variant Covid-19 infections hit its fiscal fourth-quarter performance.
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NewsLufthansa confirms joint bid submitted for Italian carrier ITA
Lufthansa has confirmed it has submitted a joint bid with Swiss shipping firm MSC Group for a stake in ITA Airways, though will not be drawn on reports the partners are looking to take a combined 80% holding in the new Italian carrier.
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NewsAir France commits to first class with cabin refresh for winter 2023
Air France has underlined its commitment to a first-class product offering by detailing its intention to debut a refreshed La Premiere cabin for the 2023/24 winter season.
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NewsAir France-KLM launches €2.2bn capital increase
Air France-KLM has launched a capital increase to existing shareholders to raise €2.26 billion ($2.4 billion) aimed at repaying state aid secured during the pandemic
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NewsAir France-KLM in talks with Apollo over €500m capital injection
Air France-KLM has entered into exclusive talks with private equity firm Apollo Global Management over a €500 million ($527 million) capital injection to an Air France operating affiliate as part of further steps to repay state funds secured during the pandemic.
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NewsIATA urges Latin American governments to dump Covid travel restrictions
Airline and aviation groups are calling on Latin American and Caribbean governments to ditch Covid-19-related travel restrictions, saying the region’s aviation industry cannot recover with restrictions in place.
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NewsSpirit, JetBlue trade more barbs in takeover saga
JetBlue Airways and Spirit Airlines have traded more barbs as the Spirit board continues to fend off a JetBlue hostile takeover attempt, and move forward with its proposed merger with Frontier Airlines.
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NewsCiting airlines, US attorney commits to enforce antitrust law
A top US attorney has specifically called out the airline industry when stressing that the US government will continue fighting against business practices it considers anti-competitive.
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NewsEasyJet eyes growth at slot-constrained airports through A319 up-gauge
Low-cost carrier EasyJet is citing its ability to up-gauge from smaller Airbus A319s as providing an opportunity to lift capacity in the coming years as part of its strategy of growing at slot-constrained airports.
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NewsEasyJet narrows first half loss as capacity nears pre-crisis return
UK budget carrier EasyJet expects load factors to exceed 90% on capacity almost back at 2019 levels during the peak summer quarter, though it has stopped short of providing profit guidance for its financial running to 30 September 2022.
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NewsAirline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
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NewsSurf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
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NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
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NewsChina Southern latest Chinese carrier to cut 737 Max from fleet outlook
China Southern Airlines has excluded the Boeing 737 Max aircraft from its near-term fleet forecasts, the latest in a string of Chinese carriers to do so, amid uncertainty over the type’s return to service in one of Boeing’s key markets.
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NewsUnited executive does not foresee changes to USA’s pilot-qualification rule
Comments made by a top US airline executive suggest efforts to ease flight-hour rules for new pilots might lack support from at least one major US carrier.
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NewsJetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).