Air France-KLM Group, Europe’s largest airline, is getting a makeover ranging from high-end seats to bigger entertainment screens as Chief Executive Officer Alexandre de Juniac attempts a turnaround from near bankruptcy.
Qantas Airways Ltd.’s bid for government aid suffered a blow as Australian Prime Minister Tony Abbott ruled out guaranteeing its debt and instead proposed allowing more foreign investment in the airline.
Alitalia SpA must convince Etihad Airways PJSC that it can turn a profit and not simply enhance traffic flows to the Gulf, the Abu Dhabi-based carrier said as it continues to examine the Italian company’s books.
Prime Minister Tony Abbott said he won’t guarantee the debt of Qantas Airways Ltd. as Australia’s biggest airline prepares to cut 5,000 jobs and trim A$2 billion ($1.8 billion) in costs amid a battle for market share.
Qantas Airways Ltd., Australia’s biggest airline, will cut 5,000 jobs and defer new jets as Chief Executive Officer Alan Joyce steps up the case for government assistance after a A$252 million ($226 million) loss.
Qatar Airways Ltd. Chief Executive Officer Akbar Al Baker said he’s open to a closer cooperation with British Airways that could extend to revenue sharing once initial partnerships within the Oneworld alliance are in place.