Sabre Corporation acquired (16-Oct-2019) Radixx, a provider of airline retailing software with an established presence in the LCC market, for approximately USD110 million, including payments to debtholders. The acquisition was made using cash on hand. Sabre expects the acquisition to help the company offer retailing, distribution and fulfilment capabilities to serve this rapidly expanding market. Radixx's signature products are an LCC passenger service system and internet booking engine. As a combined portfolio, Sabre and Radixx will offer solutions for all segments of the airline market. Sabre plans to operate Radixx as a stand alone subsidiary through its Airline Solutions business. [more - original PR]
Copa Airlines’ SVP of Commercial and Planning Dennis Cary concludes that overall, the company’s markets in Brazil and Mexico are performing solidly, while its proposed joint venture with United and Avianca should not face resistance from regulators, and secure necessary approvals.
CAPA’s Asia Aviation Summit explores key issues & opportunities facing the industry in this region. A separate Corporate Travel Summit is being held at this time for buyers and suppliers on how these issues & opportunities impact their travel programmes.
Air Vanuatu CEO Derek Nice, speaking at the CAPA New Zealand Aviation & Corporate Travel Summit, stated (17-Oct-2019) there is "certainly" a lot of value to airlines cooperating in the region, as there is "definitely" the demand for travel between South Pacific countries. However, he noted there is not enough demand to "justify open competition between us all", meaning there must be "some sort of cooperation". Mr Nice stated Air Vanuatu is "completely open" to cooperation and is working with ASPA to "broaden" its discussions and "encompass as many airlines in the region as we possibly can". This cooperation extends "far beyond simply sharing routes", and will include having MRO services in airports, purchase sharing and fuel bulk purchasing.
Ghana's President Nana Addo Dankwa Akufo-Addo stated (16-Oct-2019) the Ministry of Aviation initiated plans for the 'Aviation Driven Development' programme, with the strategic goal of using aviation as a driver of socio-economic transformation. Mr Akufo-Addo also highlighted the construction of new aprons at Accra Kotoka International Airport, new passenger terminals at Kumasi Airport and Tamale Airport and the rehabilitation of Sunyani Airport as projects designed to make Ghana's aviation industry more competitive. [more - original PR]
Air France, KLM and China Eastern Airlines expanded (16-Oct-2019) an existing joint venture agreement to include Virgin Atlantic Airways, effective spring 2020. The enhanced agreement will offer passengers an increased number of services and itineraries between Europe and China, further facilitated by codesharing, and joint commercial offers. UK to Shanghai markets and the connecting network within China are expected to be integral to the partnership, which includes China Eastern and Virgin Atlantic services from London to Shanghai. Passengers will be able to earn and redeem miles when travelling with and connecting across carriers. [more - original PR]
- Total foreign visitors: 2.3 million, +5.2% year-on-year;
- China: 819,100, +25.5%;
- Taiwan: 376,200, +14.3%;
- South Korea: 201,200, -58.1%;
- Hong Kong: 155,900, +23.6%;
- US.: 127,200, +21.6%;
- Thailand: 62,100, +14.1%;
- Australia: 60,500, +24.4%;
- UK: 49,600, +84.4%;
- Vietnam: 38,300, +30.9%;
- Philippines: 37,800, +52.5%;
- Singapore: 29,100, +24.5%;
- Malaysia: 28,800, +8%;
- Canada: 28,500, +23.4%;
- France: 26,500, +31.6%;
- Indonesia: 25,000, +2.3%;
- Japanese departures: 1.8 million, +7.4%. [more - original PR - Japanese]
- Passengers: 10.5 million, +6.4% year-on-year;
- Domestic: 8.8 million, +6.5%;
- International: 1.4 million, +13.0%;
- Regional: 234,190, -24.6%;
- Passenger load factor: 79.8%, -1.5ppts;
- Domestic: 81.4%, -1.3ppts;
- International: 77.5%, -1.2ppts;
- Regional: 69.5%, -12.0ppts;
- Cargo: 90,710 tonnes, +9.7%;
- Domestic: 63,290 tonnes, +7.5%;
- International: 25,850 tonnes, +22.0%;
- Regional: 1560 tonnes, -40.0%;
- Cargo load factor: 36.2%, +0.3ppt;
- Domestic: 35.5%, -5.2ppts;
- International: 37.0%, +2.8ppts;
- Regional: 17.3%, -2.5ppts. [more - original PR]
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- Contrasting union activity around the regions.