Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adjust by cutting flights, revamping networks, and packing even more passengers into planes.
Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adjust by cutting flights, revamping networks, and packing even more passengers into planes.
Indian bankruptcy court National Company Law Tribunal has granted bankruptcy protection to cash-strapped airline Go First and a full moratorium on its assets and leases. The order prevents the airline’s lessors — some of which include Sky High XCV Leasing, ACG Aircraft Leasing Ireland, and SMBC Aviation Capital — from taking back aircraft. “This is a historic ruling as an application of insolvency has been admitted so fast. The order prevents a viable airline from becoming an unviable one. The purpose of the Insolvency and Bankruptcy Code has always been revival,” said Go First CEO Kaushik Khona. This means there are chances that the airline might end up protecting some of its assets under the bankruptcy code to ensure its survival, as all its assets and properties remain as it is till the completion of the bankruptcy. The tribunal, in its order, said that an interim resolution professional would take over the airline management with immediate effect. The current operation of the airline’s 27 aircraft is also expected to continue and no employee of the company would be laid off, the Indian tribunal ordered. Earlier this month, the airline filed for bankruptcy, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.
In a move to prioritize resources, Google Travel eliminated the feature that enabled Gmail users to view their past and upcoming trips, including everything from accommodations reservations to flights and things to do bookings, on google.com/travel.
Hawaiian Airlines unveiled plans for its newest airplane type, the Boeing 787-9.
Singapore Airlines Ltd (SIA) posted its first full-year profit since 2020 on Tuesday, as demand in key markets surged with the reopening of domestic borders and the easing of pandemic-related restrictions on international air travel.
Planemakers can’t build them but airlines can’t stop buying them.
flydubai has unveiled the latest evolution in its premium business class offering, ‘The Business suite’, which is set to be introduced on select flights within its network.
After two successive summers of travel chaos, U.S. airlines are going all out to prevent large-scale flight disruptions in the face of rising demand.
Lufthansa finally has a deal. For ITA Airways that is, and according to reports.
United Airlines CEO Scott Kirby Monday described the U.S. economy as in a “business recession,” even as consumers continue to spend heavily on travel.
First class travel is not going anywhere despite recent moves by several airlines to cut the posh seats from planes that fly long, intercontinental routes.
American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday.
Travel agents could bring a real-world perspective to complex rules shaping the protection of air travel passengers, as part of a modernization proposal for the U.S. Department of Transportation’s (DOT) watchdog for aviation consumer protection.
Riyadh Air, Saudi Arabia’s newest airline, has unveiled the first of two new livery designs set to be featured on its aircraft when it commences operation in 2025 on its social media channels.
A new program designed to reduce the carbon footprint of air travel has been launched under a new partnership between the Airline Passenger Experience Association (APEX) and SimpliFlying.
American Airlines Group’s pilot leaders have rejected efforts to join the Air Line Pilots Association (ALPA), union spokesman for the U.S. carrier’s aviators, Dennis Tajer, said on Friday.
American Airlines and JetBlue Airways have won a little more time to either appeal or unwind their partnership in the northeastern U.S. after it was found in violation of antitrust law last month.
At the World Travel Catering & Onboard Services Expo (WTCE) in Hamburg this week, dnata – one of the world’s largest air services providers – offered attendees a glimpse into the future of its catering capabilities with a demonstration of its new AI-powered cooking robot.
Amid the surge in domestic airfares, India’s Civil Aviation Minister Jyotiraditya Scindia asked airlines to “self-monitor” the prices on certain routes, particularly the ones that have been most affected by suspension of cash-strapped airline Go Firstfrom May 3.In a meeting with airline executives, Scindia shared concerns over recent reports of “abnormal surge pricing on certain routes,” the Ministry of Civil Aviation said in a statement. “Airlines must self-monitor air fares on certain select routes that have seen considerable surge pricing of late, particularly those that were earlier being serviced by Go First…a mechanism for ensuring reasonable pricing within the high reservation booking designators may be devised by airlines. This shall be monitored by the Directorate General of Civil Aviation,” the ministry informed.
Singapore Airlines has refuted a media report saying it may raise its stake in Tata Group-owned Air India from the 25.1 percent which it secured as part of the group’s Vistara merger to create a bigger full-service national carrier. “The Mint story dated 16 June 2023 is incorrect. There (is) no change in SIA’s position from the November 2022 announcement,” Singapore Airlines said. Singapore’s state carrier’s statement was in response to a report by Indian daily Mint, which said the carrier had expressed its desire to gradually raise its stake in the Indian airline to about 40 percent. The media report, citing three people familiar with the development, stated Singapore Airlines and the Tata Group have had initial talks regarding the potential increase in stake.
U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.
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