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2023 seen as ‘Goldilocks’ year for airlines, United Airlines

Flying in 2023? Expect ‘goldilocks conditions’ for air travel

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"Flight Chaos Unleashed: Unprecedented Storms and Airline Disruptions Sweep Across the United States"

The Morgan Stanley rating for United Airlines Holdings has been upgraded to overweight from equal weight, saying 2023 could be a “goldilocks” year for the airline stock.

The carrier exploiting the international recovery, the new CASMxF trajectory with the pilot contract, and a promising fleet renewal path exiting 2023 are key catalysts predicted for UAL in 2023.

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“The pandemic-related earnings recovery has stayed up with, if not outpaced, peers, and messaging has been proactive and highly confident. Most importantly, there were investor worries about a growth-at-all-costs mentality emerging from the pandemic, a long-standing bear concern, especially with UAL leading the industry in phasing out charge fees in 2020 and shocking the street with alluring aggressive long-term capacity growth plans in the United Next plan unveiled in June 2021. These concerns have not only been held thus far, but UAL appears to be on track to surpass its 2023 guiding and to meet its 2026 guide, which even the most ardent UAL bulls may have thought difficult at the time.”

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With the benefits of the late pandemic recovery and the early advantages from the shift to the capacity phase of United NEXT, Morgan Stanley believes that 2023 will be UAL’s “Goldilocks” year. Although the market has acknowledged UAL’s post-pandemic show-me story because the airline company is the only one that has gained ground this year, the stock’s starting point was so low that it is reportedly still trading at an appealing valuation.

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Akasa Air vs. Pilots: Delhi High Court Upholds DGCA’s Authority to Act in Case of Contractual Breaches

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Akasa Air vs. Pilots: Delhi High Court Upholds DGCA's Authority to Act in Case of Contractual Breaches

The Directorate General of Civil Aviation (DGCA) is authorized to take action against pilots who violate civil aviation rules (CAR), the Delhi High Court ruled on Wednesday.

Akasa Air initiated legal action against pilots who had quit their jobs without giving the required notice by their contracts. In response to a request from the startup airline, which claimed it was in a crisis as a result of the sudden and abrupt resignation of 43 pilots who left the airline without providing the required notice period, the civil aviation regulator submitted written responses.

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However, the Court ruled that it is now unable to give any explicit instructions to the DGCA and MCA regarding how to respond to a future representation that Akasa might make against defaulting pilots.

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The court made it clear that there are no limitations on the DGCA’s power to take action in situations of pilot noncompliance in an interim judgment that offers relief to Akasa Air. The airline firm maintained that it is merely requesting a directive to the DGCA to decide their (Akasa’s) claims against pilots who may depart the airline in the future without serving the notice period, not that it is pressing for any action against the pilots who have already quit.

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The DGCA had stated that it lacked the power or authority to intervene in any employment contract and therefore was unable to affect the employment contract between the pilots and Akasa Air.

The aviation authority said that if Akasa Air doesn’t have enough pilots to continue operating flights, it would be in the interests of all parties if it complies with the requirement to keep a limited schedule.

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Global Airlines to contract Hi Fly to accelerate A380 Entry into Service

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Global Airlines to contract Hi Fly to accelerate A380 Entry into Service
  • Under the agreement, Global Airlines will benefit from Hi Fly’s expertise to accelerate the Entry into Service (EIS) programme for the airline’s new fleet.
  • Hi Fly, based in Lisbon, has significant A380 technical and operating experience.
  • First Global aircraft expected to fly to Europe in the months ahead, with a new registration of 9H-GLOBL

In a significant operational move, Global Airlines and Hi Fly have inked a contract to collaborate on the development and maintenance of the four A380 aircraft the new airline has agreed to purchase.

Hi Fly, the first company to operate the A380 on the secondary market, will collaborate with Global as it gets ready to launch operations to help the new carrier realize its goal of giving passengers the best possible experience when flying commercially.

Hi Fly takes delivery of its first Airbus A380(Opens in a new browser tab)

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The EIS and Return to Service (RTS) procedures for Global’s first aircraft, which are anticipated to start in the coming months, are the organisation’s immediate priorities. However, with an affinity for the aircraft and confidence in its long-term potential and popularity, both businesses will look at further possibilities to deepen their partnership.

Hi Fly holds authorization to operate worldwide and currently operates 35,000 flights per year for a base of 140 airlines and governments on a global basis. 

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Lufthansa equips short- and medium-haul aircraft with new cabins

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Lufthansa equips short- and medium-haul aircraft with new cabins
  • −    Four makes eight: Large overhead compartments hold up to twice as many suitcases
  • −    For the first time on short-haul routes: holder for tablets and smartphones at every seat
  • −    More legroom with new ergonomic seats 

Customers of Lufthansa will soon enjoy a redesigned cabin environment on short- and medium-haul flights. It provides a great deal of comfort and luxury. The business will gradually outfit 38 Airbus A320s already operating for Lufthansa with the new cutting-edge cabin beginning in spring 2025.

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More space for carry-on luggage: The 40 percent larger compartments allow for the vertical stowage of carry-on items much more quickly and comfortably. As a result, huge overhead bins may accommodate up to twice as many carry-on suitcases or bags as the conventional “bins”.

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Each seat has a designated USB connector that can be used by Lufthansa to charge electronic devices. For the first flight ever, Lufthansa is providing a unique holder for tablets and smartphones in each seat. This allows visitors to watch films and television shows on their own devices much more conveniently without having to hold the gadgets in their hands or set them down on the folding table.

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Increased legroom: The new seats from the Italian company Geven also provide extra legroom with the same seat spacing, through the ergonomically shaped backrests.

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