Source: Condor The European asset manager Attestor has acquired a 51 percent stake in Condor as planned. The transaction has been approved by both anti-trust officials and the EU Commission, which also issued state-aid approval for the acquisition of Condor through Attestor. The decisions cleared the way for Attestor to invest €200 million in fresh equity capital in Condor. Additionally, another €250 million will be invested in the modernization of the leisure airline’s fleet. “The future of Condor begins today: Attestor will be a strong majority shareholder who will not only keep all 4,050 jobs at Condor and Condor Technik, but will also set the company’s financial direction,” said Ralf Teckentrup, the CEO of Condor. “With the fresh equity capital [...]

Source: American American Airlines and JetSMART have signed a letter of intent to create the broadest network and most rewarding customer offering in the Americas. This proposed partnership would uniquely tie together the full-service, global presence of American with the complementary network of ultra-low-cost carrier JetSMART in South America to offer competitive fares and expanded travel options for flyers throughout North and South America. “This proposed investment in JetSMART would give customers access to the largest network, lowest fares and best travel loyalty program in the Americas,” said Vasu Raja, American’s Chief Revenue Officer. “This would enable JetSMART and American to grow aggressively and profitably across Latin America as demand recovers, while preserving the best aspects of each carrier’s business [...]

Source: Alaska Airlines Alaska Airlines has named 34-year airline veteran Toni Freeberg managing director of sales effective immediately. Freeberg assumes the role currently held by Mark Bocchi, who will retire from Alaska Airlines in October after 40 years. In her new role, Freeberg will set the strategy and oversee corporate and specialty sales, and further champion the integration into the oneworld global alliance. As managing director of sales, she will drive our West Coast international initiatives and corporate partners, travel management companies and small business programs. Additionally, she'll work with our airline and corporate customers to create partnerships that reduce the climate impact of corporate business travel. "On behalf of the entire commercial team, I'd like to thank Mark for his countless contributions to [...]

Source: United Airlines Starting today on select flights, all United customers – no matter what cabin of service they're flying in – can use the airline's award-winning mobile app and website to pre-order meals, snacks and beverages up to five days before they're scheduled to travel. United is the first and only U.S. airline to offer economy customers the option to pre-order snacks and beverages, a reflection of the customer experience transformation underway at the airline. United's pre-order technology is an extension of the airline's contactless payment platform that allows customers to store payment information in a digital wallet. United's pre-order option is now available on select flights departing from Chicago to Orange County, CA Sacramento, CA and San Diego, and [...]

Source: Air Canada NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Air Canada  (the "Company") today announced that it has priced its previously announced private offering (the "Senior Secured Notes Offering") consisting of US dollar denominated senior secured notes and Canadian dollar senior secured notes. Air Canada has entered into a purchase agreement with a syndicate of initial purchasers relating to (i) US$1.2 billion of 3.875% senior secured notes due 2026 (the "US Dollar Notes"), and (ii) C$2.0 billion of 4.625% senior secured notes due 2029 (the "Canadian Dollar Notes", and together with the US Dollar Notes, the "Notes"). The Notes will be sold at par and will provide for interest payable semi-annually. Additionally, Air Canada has received commitments from [...]

Source: Air Canada (NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES) Air Canada (the "Company") announced that it has launched a private offering (the "Senior Secured Notes Offering") of two series of senior secured notes seeking an aggregate principal amount of approximately US$2.75 billion, consisting of US dollar denominated senior secured notes due 2026 (the "US Dollar Notes") and Canadian dollar denominated senior secured notes due 2029 (the "Canadian Dollar Notes" and, together with the US Dollar Notes, the "Notes"). The Notes will be senior secured obligations of the Company, secured on a first-lien basis, subject to certain permitted liens, by certain collateral comprised of substantially all of the Company's international routes, airport slots and [...]

Source: Delta Air Lines Delta adding over 1,000 seats to Canada’s biggest markets in September – a 150% increase in capacity Canada welcoming fully vaccinated Americans for leisure and non-essential travel Canada is reopening its borders to fully vaccinated U.S. travelers for the first time in over a year Aug. 9, and Delta is ready to welcome them back on board with more flight and seat choices. Delta is more than doubling the number of daily flights between the U.S. and Canada starting in September, eight to 19, resulting in a 150% increase in available seats. Customers will enjoy nonstop, easy access from multiple U.S. hubs to Canada’s largest business and leisure markets, including more flights to Toronto, Vancouver, Calgary [...]