13 May 2019

Air France slashes hundreds of jobs as it struggles to compete in short-haul market

Air France has announced that it is to trim its short-haul network by approximately 15% by 2021 and as a consequence, is looking to shed 465 jobs, in a bid to stem losses resulting from competition both from other airlines and France’s high-speed TGV trains. Ben Smith, the Group’s relatively new chief executive, has been

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Onex agrees friendly takeover of WestJet for CA$5 billion

Onex Partners, the private equity platform of Toronto-based Onex Corporation, will lead the investment buyout of Canada’s second-largest commercial carrier WestJet for an agreed figure of CA$3.5 billion, plus a further CA$1.5 billion in assumed debt. The announcement today comes two months after Onex first approached the board of WestJet in March. Onex will pay

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Honeywell and Lufthansa Technik to expand collaboration on Airbus A350 MRO-services in Asia Pacific region

Honeywell and Lufthansa Technik will heighten their collaboration on Airbus A350 maintenance, repair and overhaul services in the Asia Pacific region. Lufthansa Technik will act as a licensed component repair center and exclusive global asset service provider in Asia Pacific for more than 200 Honeywell shipped components onboard the Airbus A350. Greater accessibility to services,

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Airport Strategy & Marketing names Chris Warren Director of Air Service Development

Aviation Week Network’s Airport Strategy & Marketing (ASM), a global consulting firm dedicated to supporting airports, airlines, tourism authorities and governments with the development of new air routes, has named Chris Warren as Director of Air Service Development. Warren’s U.S.-based role marks the expansion of ASM’s footprint in North America.  In this new position, he

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Emirates COO Antinori resigns after Gulf carrier posts 69% drop in full-year profit

At the end of the week where Dubai-based Emirates posted a 69 percent drop in its full-year profit, the carrier’s Executive Vice President and Chief Commercial Officer, Thierry Antinori, has resigned with immediate effect. Adnan Kazim, Divisional Senior Vice President, Strategic Planning, Revenue Optimisation and Aeropolitical Affairs has been appointed as the acting CCO in

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