News

Airbus A350-900, the world’s most modern aircraft, reaches New Delhi.

Top 10 Highest-ranked best international airlines 2022

The world’s most modern aircraft airbus A350-900 has been brought to India via Lufthansa Airlines. The aircraft landed in Delhi on Saturday. The A350 model boasts of seating 325 passengers over a 15,000 km range. It weighs 280 tons. The aircraft has business, premium and economy classes and has bigger windows. Lufthansa has personalized it to accommodate large TV screens, innovative mood lighting, personalized playlist among other facilities. The aircraft produces 25 per cent fewer emissions and also reportedly makes less noise while takeoff. It was received by the airlines in December 2016 at his home airport in Munich. The aircraft was greeted with water cannons when it landed in Delhi and the passengers were given gifts.

“The launch of Lufthansa A350 services in Delhi marks an important milestone in our growing partnership with India. This game-changing aircraft reflects the values of the new global Indian, and reaffirms our commitment to this important market by introducing the very best and latest in air travel,” says Wolfgang Will, Senior Director South Asia, Lufthansa Passenger Airlines.

The A350 series aircraft has also been acquired by Singapore airlines. Airbus has received more than 800 orders for this aircraft making it one of the most successful aircraft of all times.
This Airbus aircraft has both its fuselage and wing structures made of carbon-fibre-reinforced polymer. Depending on the variant, up to 366 passengers can be seated in the aircraft which is positioned to succeed the A340 to take on the Boeing 787 and 777. Originally conceived in 2004, Airbus has apparently spent €11 billion developing the aircraft. The first prototype flew in June 2013 from Toulouse, France while the first commercial aircraft was inducted by Qatar Airways in January 2015.
Courtesy : Indian express

Airlines

Alaska Airlines Acquisition of Hawaiian Airlines Reshapes the Air Travel Landscape

Alaska Air Group, Inc. (NYSE: ALK) and Hawaiian Holdings, Inc. (NASDAQ: HA) jointly announced today the execution of a definitive agreement, signifying Alaska Airlines’ acquisition of Hawaiian Airlines at a cash price of $18.00 per share. The total transaction value stands at approximately $1.9 billion, encompassing Hawaiian Airlines’ net debt of $0.9 billion.

The combination of complementary domestic, international, and cargo networks

This strategic union is poised to open up an array of additional destinations, providing consumers with increased choices in crucial air service options across the Pacific region, Continental United States, and globally.

The transaction is anticipated to establish a robust platform for growth and competition in the U.S., offering enduring employment opportunities, ongoing community investments, and a commitment to environmental stewardship.

Key Points:

Acquisition Overview:
- Alaska Air Group to acquire Hawaiian Holdings for $18.00 per share in an all-cash transaction, totaling approximately $1.9 billion.
- Combined company aims to maintain the strong, high-quality brands of Alaska Airlines and Hawaiian Airlines.
Fleet Expansion and Network Reach:
- Creates the fifth-largest U.S. airline with a fleet of 365 narrow and wide-body airplanes.
- Enables access to 138 destinations through combined networks and over 1,200 destinations via the oneworld Alliance.
Hub Development and Connectivity:
- Honolulu to become a key hub for the combined airline, offering expanded services to the Continental U.S., Asia, and the Pacific.
- Tripling the number of destinations from Hawai‘i to North America, while maintaining robust Neighbor Island service.
Commitment to Hawai‘i:
- Strong commitment to Hawai‘i, ensuring robust Neighbor Island air service.
- Aiming for a more competitive platform supporting growth, job opportunities, community investment, and environmental stewardship.
Employee and Union Commitment:
- Commitment to maintaining and growing the union-represented workforce in Hawai‘i.
- Immediate value creation with at least $235 million of expected run-rate synergies.
Investor Call and Timeline:
- Investor conference call scheduled for today at 5:00 p.m. ET / 2:00 p.m. PT / 12:00 p.m. HT.
- Anticipated closing of the transaction within 12-18 months.
Strategic and Financial Rationale:
- Complementary networks to enhance competition and provide greater choice for consumers.
- Preservation of both Alaska and Hawaiian Airlines’ brands on a single operating platform.
- Expected to deliver high single-digit earnings accretion for Alaska Airlines within the first two years.
Community and Sustainability Commitment:
- Focus on growth in union-represented jobs and strong operational presence in Hawai‘i.
- Commitment to environmental stewardship, aligning with Alaska Airlines’ five-part path to net zero by 2040.
Synergies and Accretion:
- Expected run-rate synergies of at least $235 million.
- Transaction multiple of 0.7 times revenue, approximately one third the average of recent airline transactions.
Conditions to Close:

Approval by regulatory authorities and Hawaiian Holdings, Inc. shareholders.
Expected to close in 12-18 months, with the combined organization based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.