German regulator clears SAS ownership change
June 25, 2024
Germany’s competition regulator, the Bundeskartellamt, has approved the restructuring of SAS's ownership as it emerges from bankruptcy protection in the USA. Having examined the deal, with a particular focus on its impact on scheduled service to and from Germany, the regulator found that it had “no competition concerns about the project”. Andreas Mundt, president of the Bundeskartellamt, states that: “It is not to be expected that competition will be seriously affected on short- and medium-haul routes from Germany to destinations in Europe or on long-haul routes to the US and Asia or vice versa.” SAS is currently working through a Chapter 11 restructuring process. The carrier has selected a consortium consisting of investment company Castlelake, Air France-KLM, the state of Denmark and investment company Lind Invest as its new owners. As part of the deal, with the company undergoing court-supervised restructuring in the USA, existing shareholders and some creditors will see their value in the company wiped out, while others will see just a "modest recovery".
Condor agrees interline deal with Flydubai
June 24, 2024
Condor has signed a reciprocal interline agreement with Flydubai, allowing passengers of the German carrier to access additional connecting flights to destinations in Africa, the Middle East, Central Asia and Southeast Asia from Dubai. Under the deal, guests will be able to travel on a single ticket and can have their baggage checked through to their final destination on all connecting flights operated by Condor and Flydubai, Condor says. "By expanding our partnerships, we are providing our customers with even better connections to other destinations around the globe. Flydubai is another important partner for reaching 22 worldwide destinations via the Dubai hub," says Condor's chief executive Peter Gerber.
Delta to start Aruba and St Maarten service this winter
June 24, 2024
Delta Air Lines plans to launch new flights connecting Minneapolis-St Paul International airport with Aruba and St Maarten in the Caribbean as a part of its winter network. The US major says the new routes to Aruba and St Maarten will be operated twice a week from 19 December and 20 December, using Boeing 757-200s. The carrier also plans to boost its Caribbean service from Minneapolis, adding one weekly flight to Grand Cayman for a total of three, and two more to San Juan for a total of ten weekly flights.