Strategy – Page 95
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NewsCompetition watchdog investigates Rex dumping complaints
Australia’s competition regulator has once again weighed in on the long-standing spat between Regional Express and Qantas, warning that it could “take enforcement action” if an airline is found to be anti-competitive.
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NewsAeromexico granted extension to file reorganisation plan
Flag carrier Aeromexico has obtained approval from the US Bankruptcy Court for the Southern District of New York for a 75-day extension to propose a reorganisation plan.
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News‘Remiss’ to overlook business travel comeback: Star Alliance chief
While leisure travel will likely be first to pick up after being battered by the coronavirus pandemic, airlines “would be remiss” to underestimate the return of business travel demand, says Star Alliance chief executive Jeffrey Goh.
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NewsLawmakers oppose bankruptcy or liquidation of Garuda Indonesia
Indonesian lawmakers voiced opposition to the bankruptcy or liquidation of embattled flag carrier Garuda Indonesia in a parliamentary hearing on 21 June, as the airline’s executives revealed further details on its downsizing of operations.
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NewsNew Aer Lingus chief sees long road to recovery
Aer Lingus chief executive Lynne Embleton insists there is no strategic retreat from the Irish regions but that restructuring is required as a result of the Covid crisis which has inflicted around €1 billion ($1.2 billion) in damage on the airline.
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NewsTransat ends takeover negotiations with Peladeau
Transat AT on 21 June announced the end of a special committee charged with reviewing takeover bids, adding that billionaire investor Pierre Karl Peladeau has withdrawn his offer to purchase control of the tourism provider due to lack of shareholder interest.
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NewsSingapore competition regulator seeks feedback on SIA-ANA tie-up
The Competition and Consumer Commission of Singapore (CCCS) is seeking public feedback on the proposed joint venture agreement between Singapore Airlines and All Nippon Airways (ANA).
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NewsCaribbean Airlines cuts staff, fleet as it restructures for a post-Covid world
Caribbean Airlines plans to shed 25% of its staff or 450 employees and store aircraft as it pursues a restructuring strategy in the wake of the devastating coronavirus crisis.
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NewsAir France-KLM expects 60-65% summer capacity amid long-haul uncertainty
Air France-KLM is seeing demand return for intra-European travel this summer amid the unlocking of travel restrictions across the region, but uncertainty persists for the group’s key long-haul operations.
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NewsCathay Pacific expects half-yearly losses to narrow
Embattled Cathay Pacific struck a cautiously optimistic tone in its outlook for the rest of the year, anticipating a narrowed half-yearly loss and the gradual reinstatement of capacity in the coming months.
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NewsGaruda Indonesia suspends payment under $500 million sukuk
Garuda Indonesia has deferred payment of a periodic distribution on its $500 million sukuk trust certificate after a two-week grace period lapsed on 17 June.
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NewsAir NZ defers 787 deliveries, forecasts record full-year loss
Air New Zealand will delay taking delivery of more Boeing 787s for at least a year, as the carrier expects to plunge deeper into the red for its full-year financial results.
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NewsFlyr confirms 30 June launch after receiving AOC
Norwegian start-up Flyr has received its air operator’s certificate and will initiate service between Oslo and Tromso on 30 June.
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NewsEurowings Discover to fly 11 aircraft under own AOC
Eurowings Discover has received its own air operator’s certificate and will fly leisure routes as a wholly-owned subsidiary of Lufthansa from late July.
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NewsPhilippine Airlines to restructure amid widening full-year losses
Philippine Airlines (PAL) is working towards “a comprehensive restructuring plan”, as the embattled carrier widened its full-year losses on what it called the “extraordinary impact” of the coronavirus pandemic.
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NewsQantas ups Alliance E190 options in fresh domestic capacity ramp-up
Qantas has increased the number of Embraer E190s options under a wet lease agreement with regional operator Alliance Aviation, as it further boosts domestic capacity.
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NewsWizz adds Naples base as Italian focus continues
Central European low-cost carrier Wizz Air is continuing its expansion in Italy by launching an operation at Naples, the latest in a series of bases it has added in the country since the pandemic hit.
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NewsThai Airways gains final approval to embark on restructuring
Thai Airways International received court approval for its restructuring plan at a 15 June hearing, clearing the final hurdle before implementation of the proposals.
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NewsUS DOT plans to fine Air Canada $25.5m for ticket refund delays
The US Department of Transportation (DOT) is looking to impose a $25.5 million civil penalty on Air Canada after the carrier dragged its feet on refunding tickets held by US passengers.
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NewsLufthansa eyes positive cash flow in Q2
Lufthansa Group is reporting a significant surge in air travel bookings and predicting positive cash flow in the second quarter of 2021 thanks partly to its restructuring.