Korean Air to take over rival Asiana

Korean Air to take over rival Asiana

Korean Air is set to acquire rival Asiana Airlines, with plans to consolidate into a single flag carrier that will dominate the Korean market. The agreement will see Korean Air acquire a majority share in Asiana for 1.8 trillion won ($1.6 billion) following an injection via its parent, Hanjin Kal Corp. Korean Air and Asiana are currently the two largest full-service carriers in Korea, with the merger expected to give Korean Air control of around…

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British Airways suspends Gatwick flights amid second UK lockdown

British Airways suspends Gatwick flights amid second UK lockdown

British Airways has announced the suspension of flights at London Gatwick following the new national lockdown in the UK which took effect yesterday. The carrier, which had already consolidated flights at Heathrow Airport earlier this year, says it is reducing its Gatwick operations and will pause flights at the airport until early December. “Following the government’s announcement of a new national lockdown for England [on 30 October], we have been urgently reviewing our schedule for…

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Prospects for Flybe as administrators agree sale to Cyrus Capital

Prospects for Flybe as administrators agree sale to Cyrus Capital

Collapsed regional airline Flybe will restart operations next year after its administrators agreed for it to be sold to Thyme Opco Ltd, a firm controlled by hedge fund Cyrus Capital. Flybe ceased operations in early March this year and has since been under the administration of accountancy firm EY.  Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme Opco….

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British Airways fined £20m over data breach

British Airways fined £20m over data breach

The Information Commissioner’s Office (ICO) has fined British Airways (BA) £20 million for a data breach which affected more than 400,000 customers. An investigation by the ICO found the airline failed to implement adequate security measures in the processing of signficiant amounts of personal data. This failure broke data protection law and, subsequently, BA was the subject of a cyber-attack during 2018. It took two months before BA was made aware of the breach by…

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Trip report: flying BA Club Europe during the pandemic

Trip report: flying BA Club Europe during the pandemic

After the frustration of numerous flight cancellations this summer, I was thrilled to finally get back into the air, this time onboard one of British Airways’ new A321neos on a flight from London Heathrow to Berlin’s Tegel Airport.  Germany is one of the few countries on the UK’s list of quarantine-extempt locations, so I took advantage of this and booked a short two-day trip to the German capital.  The trip was planned right at the…

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AirAsia Japan confirms closure

AirAsia Japan confirms closure

AirAsia Japan has confirmed that it will be ceasing operations after struggling to cope with the slump in air travel since the start of the COVID-19 pandemic.  ‘Travel restrictions and the uncertainties it created have severely curtailed demand for business and leisure travel resulting in flight reductions, cancellations and grounding of aircraft. These factors have weighed heavily on the Company’s ability to continue operations,’ reads a statement from AirAsia. The airline, which is unit of…

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KLM hands in restructuring plans to Dutch government

KLM hands in restructuring plans to Dutch government

KLM has informed the Dutch government of its plans to cut pay, reduce jobs, and slim down its fleet in order to secure a €3.4 billion government loan. The measures are among proposals submitted to the national finance ministry outlining how the carrier plans to overcome the coronavirus pandemic, which it calls ‘the worst crisis in almost 101 years of operation’.  ‘Substantively, the plan includes elements such as the reassessment of strategy, cost-cutting initiatives, financial…

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TAP defers lease payments and looks to sell up to eight aircraft

TAP defers lease payments and looks to sell up to eight aircraft

TAP Air Portugal has negotiated payment deferrals for some 60% of its leased fleet, and is looking to sell up to eight Airbus narrowbodies as well as returning some aircraft early to lessors. The Portuguese flag carrier made the disclosures in a first-half financial results document in which it revealed that it incurred a net loss of €582 million (£528 million) in the six-month period to 30 June. This compares with a €112 million net…

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Japanese low-cost carrier Peach receives first A320neo

Japanese low-cost carrier Peach receives first A320neo

Japanese budget carrier Peach has taken delivery of its first Airbus A320neo. The aircraft, registered JA201P, is powered by CFM International Leap-1A engines and configured with 188 Recaro-supplied seats in a single class. It is scheduled to enter service on 25 October, marking the start of the winter schedule. Alongside its entry, Peach is also planning to launch two domestic routes – Sapporo and Sendai to Okinawa – in addition to flights to Taipei Taoyuan from…

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British Airways to launch Heathrow – Bermuda route

British Airways to launch Heathrow – Bermuda route

British Airways has announced the launch of a new daily route between London’s Heathrow Airport and Bermuda. From 28 March 2021, the airline will shift its current London – Bermuda service from Gatwick to Heathrow, though will continue operating the service with its fleet of Boeing 777-200 aircraft.  The flights will depart from London Heathrow at 14:55, landing in Bermuda at 18:25.  BA’s Director of Network and Alliances, Neil Chernoff, said: “We are delighted to…

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