The joint Business Rescue Practitioners (BRPs) of South African Airways (SAA) has reported on a number of further initiatives to support the airline’s transformation into a sustainable and profitable business.
The BRPs, Les Matuson and Siviwe Dongwana, have worked closely with key stakeholders including industry specialists, government, creditors and executive management to develop a comprehensive restructuring program which will culminate in a Business Rescue Plan to be published in late February and subsequently presented to creditors for approval.
In line with SAA’s...
WestJet has unveiled details of its summer schedule featuring more than 90 new flights from Calgary including new non-stop WestJet Link service to Dawson Creek, B.C.
Arved von zur Muehlen, WestJet chief commercial officer, said that: “WestJet is focused on investing in Alberta to build and strengthen our Calgary hub. As WestJet continues on its strategic path of becoming a global network airline, we are pleased to offer our guests the ability to conveniently connect for business or pleasure across Canada, Europe and beyond this summer."
With the announcement of the new service...
Airlink -- the privately-run South African airline -- will operate services linking Johannesburg with Port Elizabeth, Entebbe, Ndola and Luanda after Feb. 29, 2020, even though its franchise partner, SAA, will stop serving those destinations from that date.
Rodger Foster, Airlink CEO and managing director, said: “We want to reassure travelers that as far as Airlink is concerned, it is business as usual! Our schedule and operations are unaffected by SAA’s latest network cuts.”
Airlink has been operating flights to Entebbe, Uganda on SAA’s behalf and will continue these...
IATA has released full-year global passenger traffic results for 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.2% compared to the full year of 2018.
The 2019 result is a slowdown compared to 2018’s annual growth of 7.3% and marked the first year since the global financial crisis in 2009 with passenger demand below the long-term trend of around 5.5% annual growth.
Full-year 2019 capacity climbed 3.4%, and the load factor rose 0.7 percentage point to a record high of 82.6%. The previous high was 81.9% set in 2018.
December 2019 RPKs increased 4.5%...
Air Canada has introduced a new payment option for customers, now letting them to use PayPal when they purchase tickets online at aircanada.com in Canada.
The popular online payment system offers a secure and convenient means to buy tickets, with customers able to pay for their flights with their preferred payment method – bank account, credit cards or Visa Debit card – linked to their PayPal account.
Keith Wallis, senior director, payments and distribution, at Air Canada, said: “Air Canada's strategy is to continually provide customers the opportunity to make their purchase...
Improved transport connectivity is driving the increase in international arrivals to the Bahamas, reports GlobalData.
The data and analytics company notes that international arrivals to the Bahamas are set to reach 1.6 million in 2022, reflecting a compound annual growth rate (CAGR) of 2.3% between 2019 and 2022.
Amber Barnes, travel and tourism analyst at GlobalData, said: “Despite the devastation caused by Hurricane Dorian, the Bahamas has recovered quickly. In 2019, new flights were added (mostly to the US), which has helped to cement the US’ position as the dominant source...
This winter, Azores Airlines will connect Toronto to the Portuguese Island of Terceira (non-stop weekly service) in addition to four-time-weekly service to Ponta Delgada, writes Rodney Tugwell in this week's Travel Courier cover story.
Passengers visiting the Azorean Archipelago are able to get to this magnificent destination in just over five hours flight time aboard the new A321neo. The aircraft can transport up to 190 passengers and provides a high level of comfort on the medium-long haul routes. You don't have to fly half way around the world to be canyoning, cycling, hiking,...
Park’N Fly customers have another reason to stay at Park’N Fly. Park’N Fly and Transat are offering travellers a chance to win a once in a lifetime trip for 2 to Mexico when they enter online at www.parknfly.ca/transat between Feb. 1 and March 31, 2020.
In addition, CAA Members receive one bonus entry with every stay at participating Park’N Fly locations. Entering is as simple as using their CAA Membership card at time of checkout at Park’N Fly’s Toronto Valet, Toronto Self Park, Winnipeg Valet, Winnipeg Self Park, Edmonton Self Park, Halifax Self Park, Ottawa Self Park, or...
The business rescue practitioners of South African Airways SOC Ltd (the Practitioners), supported by the Departments of Public Enterprises (DPE) and National Treasury (NT), have been successful in obtaining the balance of the post commencement funding (PCF) required to meet the short term liquidity requirements of the airline for the period until the business rescue plan (the Plan) is published and adopted.
This Plan is required in terms of Section 150 of the Companies Act and is the responsibility of the Practitioners.
The advancement of the funds comes on the back of the business...
According to GlobalData, the coronavirus will impact on airport retail worldwide. The data and analytics company notes that global airport retail sales are forecast to reach US$48.2 billion in 2020, up 6.1% on 2019, however, the escalation of the severity of coronavirus could now have a detrimental impact on airport passenger numbers – causing concern for airport operators and retailers.
Honor Strachan, principal analyst at GlobalData observes that, “The prevention of travel for Chinese consumers will impact the performance of airport retail worldwide. Over the last few years...