NewsSouthwest converts options for 40 more 737 Max 8s Southwest Airlines has exercised options for 40 Boeing 737 Max aircraft, and deferred the majority of its 737 Max 7 orders to 2023 and beyond. The Dallas-based low-cost giant is boosting its orderbook as it expects a $1 billion to $1.5 billion reduction in income tax expenses in the fourth quarter of 2017, following the recent tax reform bill.
LinkSouthwest to pay $15 million to settle collusion lawsuitSouthwest Airlines has agreed to pay $15 million to settle a class action lawsuit alleging that the largest four US carriers colluded on capacity plans. The Dallas-based carrier will also provide "significant cooperation" to the plaintiffs in their claims against three other carriers American Airlines, Delta Air Lines and United Airlines, according to a court filing.
LinkBombardier falls short of 2017 CSeries delivery targetBombardier closed 2017 without achieving its revised and steeply-reduced CSeries delivery target for the year, having handed over 17 CS100s and CS300s in 2017. The aircraft include three CS100s and seven CS300s handed over to Swiss, five CS300s delivered to Air Baltic and two CS300s delivered to Korean Air.
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Air Canada starts nonstop service between Montreal and Lima, PeruOn Dec. 17, Air Canada launched twice-weekly, nonstop service between Montreal and Lima, Peru. "This new route will complement our existing flights from Toronto, and strategically position Air Canada as an important player in the growing market between Montreal and Latin America," said Air Canada executive Benjamin Smith.
LinkJetBlue implements flexible rebooking ahead of Thursday stormJetBlue Airways has announced it will waive change fees and fare differences for passengers traveling to and from select cities on Thursday, when a severe storm is expected to hit the northeast US.
LinkAmerican Airlines, Southwest to give employees $1K bonusesAmerican Airlines and Southwest Airlines say they will give their employees $1,000 bonuses due to the recent tax overhaul, which cut the corporate tax rate from 35% to 21%. Southwest also announced it donated $5 million to charitable causes and will increase its fleet investment with Boeing.
LinkThomas Cook buys airberlin subsidiary to accelerate German growthLeisure travel group Thomas Cook has acquired Airberlin Aviation, an affiliate of bankrupt airberlin, to speed up its growth in the German market.
LinkRyanair seeks UK AOCIreland-based LCC Ryanair has applied for a UK air operator’s certificate (AOC), to guard against the possibility of the UK’s 2019 exit from the European Union (EU) leading to a rupture of air links between the UK and the 27-nation bloc. Ryanair CEO Michael O’Leary has repeatedly voiced concerns that a “hard Brexit”—one where negotiations for the UK’s orderly exit from the EU collapse—could leave airlines in limbo, with flights between the two suspended for a period of weeks, or longer, and EU-registered companies not allowed to operate in the UK and vice versa.
LinkNorwegian details management changes, long-haul product upgradeLCC Norwegian has made three C-level management changes, as it prepares for further network expansion and an upgrade of its long-haul product to include Wi-Fi and an improved premium cabin.
LinkUS, Canadian airlines and airports brace for east coast winter stormNorth American airlines and airports along the US and Canadian east coast are bracing for a winter storm forecast to affect operations from northern Florida to Newfoundland between Jan. 3-Jan. 6, 2018. The storm is expected to coat northern Florida and southeastern Georgia with a layer of ice, changing to snow and blizzard conditions as it moves up the east coast.
LinkDenmark to retain Copenhagen Airports stakeThe Danish government has declined a mandatory tender offer for its shares in Danish airports operator Copenhagen Airports (CPH), as it wants to maintain its 39.2% stake. CPH owns and operates Copenhagen’s main airport, Kastrup, as well as Roskilde, Copenhagen’s secondary airport.
LinkSwedish airport operator lines up expansion financeSwedavia and Nordic Investment Bank (NIB) have signed a loan agreement of SEK2 billion ($245 million) for the construction of a new pier at Stockholm Arlanda Airport. The 10-year maturity loan will help finance the airport expansion. Swedavia, which operates 10 airports in the Scandinavian nation, said the number of passengers traveling through Arlanda is expected to grow 2.3% annually from 2016 until 2050.
LinkUTair to carry 8.2 million passengers in 201Russia’s UTair Aviation expects to carry 8.2 million passengers in 2018, up 12% year-over-year (YOY), according to a plan approved by the supervisory board at the end of 2017.
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