JetBlue Airways Corporation and Spirit Airlines, Inc. have announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing, for an aggregate fully diluted equity valune of $3.8 billion1 and an adjusted enterprise value of $7.6 billion2.
Robin Hayes, chief executive officer, JetBlue, said: “We are excited...
The SATA Group initiated the IATA Environmental Assessment (IEnvA) program for aviation, developed by the International Air Transport Association (IATA).
Since each airline has a different reality, Quintin Holder, IATA’s IEnvA Program Manager went to São Miguel (Azores) to assess firsthand the company's reality and to design, along with Azores Airlines’ Sustainability Department team, a process adapted to the Group’s particular performance conditions, considering the outermost region characteristics in which the SATA Group’s companies operate.
SATA believes that its mission...
Canada Jetlines has officially announced its first flight to Greater Moncton Roméo LeBlanc International Airport (YQM), scheduled for Aug.15, 2022, as one of the carrier’s first routes.
Eddy Doyle, CEO of Canada Jetlines, said: “Canada Jetlines is excited to offer service on our inaugural day out of our hub in Toronto to the vibrant destination of Moncton, New Brunswick.”
Doyle continued: “We’ve chosen Moncton as our first destination in the Maritime provinces for its attractive offering for tourists and its convenient reach to a large segment of the population of New...
“One virtue of a paradigm shifting event is that it teaches you things, Lucie Guillemette, Executive Vice President & Chief Commercial Officer, Air Canada, observes, before continuing: “We learned a tremendous amount, including the importance of being nimble and adaptable, how to let go of old ways of doing things and embrace the new, and it also reaffirmed the value of our people, who have been amazing throughout.” And Guillemette makes it abundantly clear that: “We could not have managed the pandemic anywhere near as well if at all without the agency...
Canada Jetlines Operations Ltd. will take off on Aug. 15, 2022 with its inaugural flight from Toronto Pearson International Airport (YYZ) to Winnipeg (YWG)
Debuting a brand, new slogan of “Winnipeg: Made from what’s real,” Winnipeg offers a vibrant metropolitan experience, boasting a diverse, multi-cultural scene, including more than 100 residing cultures and nationalities. With the bustling and corporate driven Exchange District in downtown, Winnipeg also makes for an affordable and convenient option for business travel.
Eddy Doyle, CEO of Canada Jetlines, said: “The...
A long-awaited flight connection between Thailand and Canada has finally been realized, with the announcement that Air Canada will operate services to Bangkok from Vancouver starting in the early winter. It will be the only direct non-stop flight to Thailand from North America.
Reps from Air Canada and the Tourism Authority of Thailand (TAT) welcomed Vancouver-area travel retailers to a lunch in the city, to celebrate the news last week. While sampling Thai cuisine at Sala Thai, agents learned that the new schedule will start on Dec. 1 and run until April 17.
Flights will operate...
WestJet and Unifor – which represents certain WestJet airport employees at YYC Calgary International Airport and Vancouver International Airport -- reached a tentative agreement on the first collective bargaining agreement between the organizations.
Both parties now await the ratification vote to be put forward to membership.
WestJet’s Executive Vice-President and Chief People, Corporate and Sustainability Officer, Angela Avery said: “WestJet is pleased to have reached a tentative agreement that recognizes the important contributions of its valued airport employees, in...
Condor will be offering two weekly seasonal flights from Edmonton International Airport (YEG) to Frankfurt starting May 26, 2023. The carrier will use Boeing 767 equipment on its non-stop service.
Myron Keehn, Vice President, Air Service and Business Development, Edmonton International Airport, said: “We are pleased to welcome Condor to YEG and be part of this exciting non-stop connection to Frankfurt. Connecting with international hubs is an important step in re-stimulating the economy, and this new flight will help to propel and diversify both business and leisure travel and...
Air Canada and United Airlines have announced a joint business agreement for the Canada-U.S. transborder market, building on their long-standing alliance, that will give more flight options and better flight schedules to customers traveling between the two countries.
Customers will be able to connect to 38 codeshare destinations in the U.S. and eight of the most popular cities in Canada -- all while enjoying the benefits of the carriers' MileagePlus and Aeroplan loyalty programs.
The agreement will also strengthen and grow both carriers' networks and help accelerate their COVID-19...
As airports struggle to cope with surging demand and reports of flight cancellations continue, ForwardKeys has taken a closer look at air traffic disruption by analyzing recent trends in intra-European flight bookings for travel in July and August and changes in seat capacity.
That analysis reveals that a fall in consumer confidence, which began in the last week of May, has rapidly worsened, as last-minute bookings in the week running up to July 10 were down by 44%, compared with 2019 levels. Bookings from Amsterdam were down by 59% and from London by 41%.
ForwardKeys notes that the...