The board of Qantas (QF, Sydney Kingsford Smith) has slashed former CEO Alan Joyce's final pay packet by AUD9.26 Australian dollars (USD6.11 million) following a governance review that blamed, among other things, his leadership style for reputational damage and customer service issues at the carrier during and after the pandemic. The sanction against Joyce, who [...]
Cathay Group, owner of Cathay Pacific (CX, Hong Kong International) and HK Express (UO, Hong Kong International), says it will invest more than HKD100 billion Hong Kong dollars (USD12.8 billion) over the next seven years in its fleet, cabin products, lounges, and digital and sustainability leadership. It adds that the investment will also strengthen Hong [...]
Source: ch aviation Read more: Largest shareholders in Korea's Air Premia eye divesting
Source: ch aviation Read more: Gov't agency wants to take over Thai Airways MRO project
Qantas (QF, Sydney Kingsford Smith) has temporarily rerouted its daily nonstop route between Perth International and London Heathrow to go via Singapore Changi to avoid overflying parts of the Middle East as fears of air strikes in the area grow. The rerouting took effect from August 8 and currently runs until at least August 22. [...]
Frontier Airlines (F9, Denver International) has announced it has reached an agreement with Airbus to defer deliveries of 54 aircraft with original delivery dates in 2025-2028, to 2029-2031, lowering fleet inductions in each of the next four years, and reducing its planned growth to approximately 10% per year from the previous expectation which was close [...]
Beijing Tianjiao Aviation Industry Investment Co (also known as Skyrizon) will have an even more difficult time retrieving funds from Ukraine after its botched acquisition of Ukraine-based aircraft engine manufacturer Motor Sich, the parent company of passenger charter specialist Motor Sich Airlines (M9, Zaporizhzhia), as the war-torn country has opted to suspend all foreign debt [...]
Source: ch aviation Read more: US's SkyWest Airlines inducts first CRJ550
CommuteAir (C5, Cleveland Hopkins) has received United States Federal Aviation Administration (FAA) certification to operate its only E170 on domestic charter flights. The regulator issued the amended Operations Specifications on August 7. "CommuteAir recognised a significant opportunity in the market for charter aircraft that bridge the gap between small regional jets and larger narrowbody aircraft. [...]
Source: ch aviation Read more: Cyprus's Euroavia Airlines takes first B767-300ER(BDSF)