LATAM’s bankruptcy proceedings are getting interesting, with competing DIP funding proposals in play. And one reportedly contains a spectacularly unexpected arrangement between vicious competitors: Qatar Airways and Delta Air Lines.
Seeking a strategic use for Viasat’s $175 million raise
Was Viasat’s recent deal to secure $175mm in new capital just a matter of convenient timing? Or is there a specific plan for the cash? CEO Mark Dankberg got into some of the possibilities today, including potential inflight connectivity opportunities, while clearly leaving the door open for many more options to come.
American brings food back to the Admirals Clubs
Food is coming back to the American Airlines Admirals Club lounges. The carrier announced plans to resume the complimentary and paid options this month as part of its phased lounge reopening strategy.
United adds domestic lounge benefit for Global Services members
United’s top frequent fliers just scored a nice improvement to their travel experience. The company’s Global Services members will have access to United Club lounges when traveling on domestic itineraries starting in January 2021. The announcement is the latest play to secure the loyalty of the carrier’s high value customers.
Spirit offers 5x bonus miles for new bookings
Ready to earn 5x points on your next flight? Spirit Airlines is the latest carrier to use its loyalty program as an enticement to get people thinking about travel again.
But that doesn’t necessarily make it a good idea.
Virgin Australia to ditch twin-aisle fleet, focus on domestic and regional service
As part of its recapitalization plan Virgin Australia intends to retire its long-haul aircraft. The carrier’s five 777s and six A330s will be removed from service as it invests “in the core Virgin Australia domestic and short-haul international operation.”
Virgin Atlantic flied for bankruptcy protection today, and it mostly doesn’t matter
Virgin Atlantic filed for bankruptcy protection in the US courts on Tuesday, a move that initially sparked concerns among travelers about the future of the company. Fortunately the filing, made under Chapter 15 of the US Bankruptcy Code, is more of a procedural play than anything to be concerned about.
Virgin Galactic makes a move in supersonic travel
Virgin Galactic knows that not everyone will go to space. The company is now (slightly) broadening its potential customer base with plans for a Mach 3 aircraft, focused on delivering high-speed travel around the globe.
Cargo passenger hybrids coming to US airlines
Airlines around the world removed the seats from their passenger planes to make more room for cargo. But not in the US. That could change very soon, as the FAA now allows for exemptions to cargo restrictions, engineering companies are securint certifications for the new configurations and airlines are getting the paperwork in order to make the shift.
Astronics still sees opportunity in BizAv IFC market
Astronics is ready to move beyond the AeroSat antenna challenges of years past. In today’s quarterly earnings call CEO Peter Gundermann exuded confidence in the potential for the company’s latest partnership, with SES and Collins Aerospace, for a tail-mount solution to fly on larger biz jets.