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Search resuls for: "Air Canada"


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Air Canada seeks to address EU concerns on Transat purchase
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: An Air Canada Airbus A320-200 airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoBRUSSELS (Reuters) - Air Canada has offered concessions related to its proposed acquisition of Canadian tour operator Transat to address EU antitrust concerns, a European Commission filing showed on Thursday. The Commission, which oversees competition policy in the 27-nation European Union, said the commitments had been submitted on Nov. 25. The Commission opened an investigation in May on concerns that the deal could push up prices and reduce choice for flights between Europe and Canada. Air Canada last month cut its offer price for Transat bynearly 75% to about C$188.7 million ($145.13 million) because ofthe COVID-19 impact on travel demand.
Persons: Ben Nelms, ofthe Organizations: An Air Canada Airbus, REUTERS, Air Canada, Canadian, European Union Locations: Richmond , British Columbia, Canada, BRUSSELS, Europe
Alaska Airlines is acquiring 13 additional Boeing 737 Max 9 aircraft in a deal that will also see the sale of 10 Airbus A320 jets. The FAA ungrounded the Boeing 737 Max on November 18 following a 20-month evaluation that still has flyers saying they won't fly on it. Alaska will grow its 737 Max 9 fleet to 45 aircraft with the new order from Air Lease Corporation. Alaska Airlines announced a leasing deal for more Boeing 737 Max aircraft on Monday just days following the end of a 20-month grounding by the Federal Aviation Administration after two fatal crashes. If there's one thing that Boeing, the 737 Max, and Alaska Airlines all have in common, it's a home in Washington.
Persons: Brad Tilden, Max Organizations: Alaska Airlines, Boeing, Max, Airbus, FAA, Air Lease Corporation, Visit, Federal Aviation Administration, Alaska Air Group, Airbus A321neos, American Airlines, Southwest Airlines, United Airlines, UBS, Air Canada, Canadian, Evergreen State, Virgin America, Virgin America Airbus, Aviation, Securities and Exchange Commission, Tacoma International Locations: Alaska, East Coast, Hawaii, Europe, Los Angeles, Portland , Oregon, The Seattle, San Francisco, West, Washington, Renton , Washington, Seattle
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Persons: Eva Air, Here's, Eva, nonrefundable —, You'll, Lifemiles, Avianca, , it's, Citi You'll, you've Organizations: Finance, Citi, American Express, JetBlue, Air France, KLM, Cathay Pacific, Turkish Airlines, Singapore Airlines, Qantas, Malaysia Airlines, Card, Citi Prestige, Read, Gas, Air Travel, Aeromexico Club Premier Air France, Cathay, Cathay Pacific Asia Miles Emirates, Etihad, Jet Airways, JetBlue TrueBlue Malaysia Airlines, Qantas Frequent Flyer Qatar Airways Privilege Club Singapore Airlines KrisFlyer Thai Airways Royal Orchid Plus Turkish Airlines Miles, Smiles, Atlantic Flying, Sears, Chevron, Citi Flex, Citi Flex Plan, Turkish Airlines Miles, Turkish, Star Alliance, Miles, United Airlines, United, KLM Flying Blue Air France, Singapore Airlines KrisFlyer Singapore Airlines, Air, Lufthansa, Alaska Airlines, KrisFlyer, Virgin Atlantic Flying, Virgin, Delta, Flying, Delta Air, Ethiopian Airlines, Etihad Guest Etihad, Czech Airways, Royal Air Maroc, Cathay Pacific Asia Miles Cathay, oneworld, American Airlines, British Airways, Qantas Frequent Flyer, Citi Prestige ®, Aeromexico, Premier Aeromexico, Emirates Skywards, Emirates, Qatar Airways Privilege, Gulf, American, Qatar Airways . Thai Airways Royal Orchid Plus Thai Airways Locations: Hawaii, Cathay Pacific, Chevron, Europe, Air Canada, Singapore, Delta, Cincinnati, Paris, Prague, Seoul, New York, JFK, Casablanca, Cathay Pacific Asia, Los Angeles, Hong Kong, Emirates, JetPrivilege, InterMiles, Qatar
Delta, WestJet scrap planned joint venture after U.S. demands
  + stars: | 2020-11-21 | by ( David Shepardson | ) www.reuters.com + 0.00   time to read: +2 min
WASHINGTON (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable". The airlines said in a filing that the U.S. demands were “arbitrary and capricious” especially the slot divestitures. The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%. Canada, with 38 million people, is the second-largest U.S. international passenger air market after Mexico, with Toronto flights accounting for over 50% of transborder air travel demand. U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights.
Persons: Canada's WestJet, Delta, , Organizations: WASHINGTON, Delta Air Lines, U.S, U.S . Transportation Department, New, LaGuardia, Air Canada, Onex Corp, Toronto, Canadian Competition Bureau, American Airlines, United Air Lines, Delta Locations: U.S, Canada, Mexico, LaGuardia, Delta, WestJet,
TSX rises 0.7% to 17,028.73
  + stars: | 2020-11-20 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren* The Toronto Stock Exchange’s TSX rises 0.70 percent to 17,028.73* Leading the index were Aurinia Pharmaceuticals Inc <AUP.TO​>, up 8.1%, Lightspeed POS Inc​ LSPD.TO, up 7.3%, and BlackBerry Ltd​ BB.TO, higher by 7.3%. * On the TSX 159 issues rose and 58 fell as a 2.7-to-1 ratio favored advancers. * The TSX's energy group .SPTTEN rose 0.73 points, or 0.9%, while the financials sector .SPTTFS climbed 0.92 points, or 0.3%. Brent crude LCOc1 rose 1.95%, or $0.86, to $45.06 [O/R]* The TSX is off 0.2% for the year.
Persons: Chris Helgren Organizations: Toronto Stock Exchange, REUTERS, Toronto Stock, TSX, Aurinia Pharmaceuticals, BlackBerry, Real, Air, Parkland Corp, Manulife Financial, Cenovus Energy Inc, Air Canada, West Texas, Brent Locations: Toronto , Ontario, Canada
American said the change is not intended to hide the MAX brand and corresponds to a plan to standardize safety cards across its 737 fleet that began even before it took delivery of its first Boeing 737 MAX aircraft in 2017. “This approach is consistent with other fleet types where we do not have different safety cards for sub-fleets,” a spokeswoman said, noting a similar move with its A321 fleet. In 2011, Boeing abandoned plans for an all-new jet and launched a quicker 737 MAX upgrade after being blindsided by a huge Airbus sale to American Airlines, the company now reopening MAX flights. Boeing marketers came up with a name that “ticked numerous boxes: max performance, max capacity, max range,” said a person familiar with the discussions. A promotional Boeing video using camera angles to give the impression of a vertical take-off - tagged “Flown by Boeing test pilots.
Persons: , Donald Trump, , Paul Argenti Organizations: SEATTLE, Boeing, Reuters, Brand Finance, American Airlines Group Inc, MAX, Air, An Air Canada, Ryanair Holdings PLC, Air Lease Corp, Dartmouth’s Tuck School of Business, JET, ” Boeing, European, Airbus, American Airlines Locations: CHICAGO, Miami, New York City, Air Canada, U.S
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Persons: it's, you've, We're Organizations: Finance, Citi, American Express, Capital, Venture, Hulu, Netflix, One Venture, Air Canada, JetBlue Locations: airfare, Wyndham
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Persons: Chris Steak, Cash, you'll, Flex, PreCheck, it's, IHG, Uber Cash, Uber, David Slotnick, Chase, Organizations: Finance, Citi, American Express, American, Air Canada, Air France, KLM, Etihad, Chevron, Chase, Sapphire, British Airways, Singapore Airlines, United, Target, Walmart, Hyatt, , United Club, Southwest Airlines ®, Rapid, Southwest, Card, Premier, InterContinental ®, Crowne Plaza, Premier Credit, . Gas, Supermarkets, Fine Hotels, Resorts, Saks Fifth, Hilton, Marriott, Saks, U.S . Gas, Gas, Air Travel, Citi Premier Locations: Hyatt, Chase, Marriott, United, There's, U.S, Delta, Emirates, thankyou.com
Produced by the Canadian aircraft manufacturer, it was its first foray in the 100-to-150-seat market. Though initially successful with sales to major airlines, the program was turned upside following a trade dispute with Boeing. The aircraft program was taken over by Airbus as a result, with the aircraft renamed the Airbus A220. Bombardier has pulled out of the venture entirely, leaving it to Airbus. In just under a year, the Airbus A220 went from being largely unknown in North America to operating passenger services for some of its largest airlines.
Persons: David Neeleman Organizations: Bombardier, Canadian, Boeing, Airbus, Visit, Breeze Airways, Delta Air Lines, Air Canada, Air Baltic, Swiss International Air Lines, Delta, JetBlue, Canadair Regional Jet, Challenger, Global Locations: North America, Europe, Montreal, Canada
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