Aer Lingus Challenges Ryanair in Spain: Airline Pulse News and Notes for March 31, 2016
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Ryanair Taking A ‘Summer Break’ on Israel Routes
Aer Lingus Begins Murcia Flights
United Surprises with SFO-Tel Aviv Flights
Airlines Object to Bidding for Haneda Slots
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The battle for the limited number of flights to Cuba has deteriorated into mudslinging. Airlines first applied with the US DOT and provided an argument for why they deserved the route. Now, however, the carriers have filed supporting documentation for their applications that reportedly includes arguments for why other airlines should NOT get the routes.
Chinese airlines have lost more than $2 billion after the Chinese Yuan was devalued unexpectedly by the government. China’s so-called Big Three (Air China, China Southern and China Eastern) were the hardest hit by the unfavorable exchange rate.
Virgin Australia’s biggest shareholder, Air New Zealand, has said that it may sell as much as 26 percent of its stake in the company. The reason for the sale is that ANZ has become frustrated with the slow profit turnaround. The announcement was a bit of a surprise since ANZ publicly supported Virgin’s request for a $324 million loan from shareholders just 10 days ago.
Boeing is continuing to lay off workers. It plans to let an additional 4,500 employees, including executives, go. For now, the layoffs will be voluntary. The airplane maker simply plans to not replace workers who quit, retire or move to other jobs. At the end of last year, Boeing had a total of 161,000 employees.
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