IAG acquires Air Europa in €1bn deal

IAG acquires Air Europa in €1bn deal

International Airlines Group (IAG) has announced it will buy Madrid-based Air Europa for €1 billion. The Spanish airline will be acquired by IAG subsidiary Iberia, with the group stating that the brand “will initially be retained and the company will remain as a standalone profit centre within Iberia run by Iberia CEO Luis Gallego”. IAG said that the move would transform its Madrid hub “into a true rival to Europe’s four largest hubs: Amsterdam, Frankfurt,…

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Norwegian reports 64% rise in Q3 profits

Norwegian reports 64% rise in Q3 profits

Norwegian has reported a 64% rise in third quarter operating profit, to NOK 2.97 billion (£250m), after slowing capacity growth in the period. Revenue was up 8% at NOK 14.4 billion (£1.23bn), primarily due to the airline’s intercontinental flights. Passenger numbers declined 3% to 10.5 million. The airline increased capacity by just 3%, compared with 8% during the third quarter of 2018 and a 48% hike during last year’s second quarter. Norwegian’s return to profitability…

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Flybe to be rebranded as Virgin Connect

Flybe to be rebranded as Virgin Connect

Flybe will be rebranded next year as “Virgin Connect” to bring its brand in line with co-owner Virgin Atlantic, it has been announced. Earlier this year, Flybe was bought for £2.8 million by Connect Airways, a consortium of investors consisting of Virgin Atlantic, Stobart Group and Cyrus Capital. As part of the move, the UK regional operator will drop its purple colour scheme in favour of Virgin’s red branding.  Announcing the new name, Mark Anderson, Connect…

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British Airways and Malaysia Airlines sign codeshare agreement

British Airways and Malaysia Airlines sign codeshare agreement

Oneworld alliance members Malaysia Airlines and British Airways have signed a codeshare agreement taking effect today. BA will codeshare on Malaysia Airlines-operated flights to 14 Malaysian destinations, as well as nine destinations in Australia, Cambodia, Indonesia, New Zealand and Vietnam. In return, the Malaysian carrier will codeshare on BA-operated flights from London Heathrow to Aberdeen, Belfast, Edinburgh, Glasgow, Manchester and Newcastle. Subject to regulatory approval, the codeshare will then progressively extend to other European destinations…

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Delta takes 20% stake in LATAM

Delta takes 20% stake in LATAM

Delta Air Lines will be spending $1.9 billion (£1.5bn) in LATAM Airlines Group to take a 20% in the Latin American conglomerate, it has announced. The surprise deal will give Delta a much larger presence in the region, with the new partnership serving 435 destinations worldwide and carrying more passengers between North America and Latin America than any other partnership. As part of the deal, Delta will purchase four A350 aircraft from LATAM and will…

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Thomas Cook collapses following failed rescue talks

Thomas Cook collapses following failed rescue talks

Thomas Cook has filed for compulsory liquidation after last-minute negotiations on recapitalisation fell through. The UK Civil Aviation Authority (CAA) said this morning the tour operator had “ceased trading with immediate effect.” Just days ago, Thomas Cook Group said that it was in discussions to secure a £200 million standby fund on top of a previous capital injection — a £900 million rescue package from China’s Fosun Tourism Group and other lending banks and shareholders….

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BALPA calls off BA strike for 27 September

BALPA calls off BA strike for 27 September

The British Airline Pilots Association (BALPA) announced today it has called off the next strike scheduled for 27 September in the ongoing dispute between British Airways and its pilots.  Last week, British Airways pilots striked for the first time in the airline’s history, walking out for two days following failed negotiations between the airline and the pilots’ union over pay.  The strikes led to the cancellation of nearly 100% of BA flights, costing the airline…

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Virgin Atlantic aims for growth, calls for more slots at Heathrow

Virgin Atlantic aims for growth, calls for more slots at Heathrow

Virgin Atlantic has called for changes to Heathrow Airport’s slot regime ahead of Heathrow’s expansion. The airline is currently limited to just 30 slots at the London hub, though it hopes with the construction of a third runway to grow this to 160. Although it is still an estimated seven years away, the third runway at Heathrow is anticipated to increase flight capacity by nearly 60% over the next 30 years, according to TTG Media….

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British Airways cancels nearly 100% of flights as pilots go on strike

British Airways cancels nearly 100% of flights as pilots go on strike

British Airways has cancelled nearly all of its flights today as pilot union BALPA began a two-day walkover over pay. “Unfortunately, with no detail from BALPA on which pilots would strike, we had no way of predicting how many would come to work, or which aircraft they are qualified to fly, so we had no option but to cancel nearly 100% our flights,” British Airways said in a statement this morning. The strike comes as…

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Virgin Atlantic announces launch date of São Paulo route, codeshare with GOL

Virgin Atlantic announces launch date of São Paulo route, codeshare with GOL

Virgin Atlantic confirmed yesterday the launch date of its new London-São Paulo route. The flight is scheduled for 29 March 2020, and will be operated by one of the carrier’s Boeing 787-9 Dreamliner aircraft.  Virgin Atlantic will join British Airways and LATAM in offering flights to the Brazilian city, with the route becoming the airline’s first ever to South America. The service will operate daily all year round.  Detailed route information can be seen below:…

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