ARC NEWS
EC set to rule on Korean Air-Asiana merger in mid-February
December 08, 2023
The European Commission is set to rule on whether it will approve Korean Air's planned takeover of rival Asiana Airlines by 14 February 2024. The EC updated the provisional deadline for the ruling on its website, which followed a 5 December deadline for commitments by Korean Air to be submitted. In November, Korean Air chairman Walter Cho said that he was "very positive that we've done everything they've asked for and beyond" to get competition approval from the EC. The Commission had previously expressed concerns that the merger would reduce competition on passenger services between South Korea and France, Germany, Italy and Spain, as well as on cargo services more broadly between South Korea and Europe. To remedy the concerns about cargo competition, Asiana's board recently approved a plan to sell its cargo unit. Some potential bidders including Air Incheon have been approached about the planned sale, but the process will only commence once it is approved. Korean Air also needs to receive competition approval from the USA and Japan before it can effect the merger, which has already been cleared in several other jurisdictions.


​TAAG replaces chief and chair
December 08, 2023
TAAG Angola Airlines has appointed Nelson Pedro Rodrigues de Oliveira as its new chief executive, replacing Eduardo Fairen, who had led the carrier for the past two years as it rebuilt its operations post-pandemic. Rodrigues de Oliveira returns to TAAG from Angola's civil aviation authority, having previously spent 38 years with the airline, first in various technical roles before rising to senior management. Meanwhile, Antonio Dos Santos Domingos becomes TAAG's new chair, bringing 30 years of experience across Angola's corporate sector. He replaces Ana Francisca da Silva Major. "Our mission is to work with a spirit of mission, courage and selflessness so that TAAG can bring back the joy to Angolans and assert itself as a relevant flagship airline," states Dos Santos Domingos. The airline says the move, which was the outcome of an extraordinary general meeting, "responds to the need for a greater and more robust alignment of the airline's recovery process started in 2021 with the objectives of the government of Angola for the transport sector". Departing chief executive Fairen was originally brought in on a three-year contract to help remodel the carrier as it sought to increase its financial sustainability, with a particular focus on costs. This was against the backdrop of government plans to privatise the state-owned airline, although no firm plans or deadlines have yet been announced. Fairen comments in a LinkedIn post that under his leadership TAAG "successfully overcome hard challenges", including posting a profit for 2022 and indicating an expectation that it would do the same this year. He also highlights "significant cost reduction and increased revenue”, in addition to an increase in flight activity to exceed pre-pandemic levels, new codeshares, and a plan to revamp its fleet.


Airbus reaches 64 deliveries in November
December 07, 2023
Airbus delivered 64 commercial aircraft in November, taking its total tally for the year so far to 623. The European airframer targets 720 deliveries for the full year and, in December 2022, handed over 98 aircraft to customers, including 14 widebodies. November 2023 deliveries comprised seven A220-300s, 19 A320neos, 29 A321neos, three A330-900s and six A350-900s. Airbus booked 113 gross orders for November, including an A350-900 for Air Mauritius and an A330-900 for Air Lease Corporation. British Airways placed follow-on orders for two A320neos and two A321neos, while sibling IAG carrier Aer Lingus ordered two more A320neos. Airbus largest orders in November – 60 A320neos for SMBC Aviation Capital, 15 A350-900s for Emirates and 20 A220-300s for Air Baltic – had previously been disclosed. Orders for 50 A320neos and two A321neos were deleted from Airbus's backlog. The cancellations include 46 A320neo orders from ALAFCO. The Kuwaiti lessor's shareholders in January had agreed to sell 53 of its commercial passenger aircraft and an order for 20 Boeing 737 Max jets to Macquarie AirFinance. Airbus has no orders from ALAFCO in its backlog as of 30 November. Air India switched half of its 140 A320neo orders to the A321neo, resulting in a new balance of 70 and 140 orders for the two models, respectively.


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