Aviation Trek

Emirates restarts flights to Mexico City via Barcelona

Emirates ramps up operations to London Gatwick with a third daily A380 service

Dubai, UAE, 22 April 2021 – Emirates has announced it will resume four weekly services to Mexico City (MEX) via Barcelona (BCN) from 2nd July 2021, re-opening connectivity and boosting trade and tourism while providing customers worldwide with more connectivity, convenience and choice.

The BCN-MEX route will be operated with a two-class Emirates Boeing 777-200LR which offers 38 Business Class seats in a 2-2-2 configuration and 264 seats in Economy Class. Emirates flight EK255 will depart Dubai at 03:25hrs, arriving in Barcelona at 08:35hrs before departing again at 10:50hrs and arriving into Mexico City at 16:05 the same day. The return flight EK256 will depart Mexico City at 19:40 hrs, arriving in Barcelona at 13:45hrs the next day. EK256 will depart once again from Barcelona the same day at 15:30hrs bound for Dubai where it will arrive at 00:15 hrs the next day (all times are local).

Top 10 world’s busiest airport revealed

The resumed service between Dubai-Barcelona-Mexico will serve Emirates’ customers in Mexico and offer more choice to travellers heading from Europe, India, South East Asia and the Middle East via Dubai or Barcelona. The service will also provide additional connectivity to global markets for Mexican exports such as avocados, berries, mangoes, automotive parts and medical supplies. Emirates SkyCargo has been flying freighters to/from Mexico City since 2014 already, marking seven years of operations to the country this month. During the COVID-19 pandemic, Emirates SkyCargo continued its cargo connectivity to Mexico City on freighter and passenger freighter flights, bringing in much needed PPE and COVID-19 vaccines into the country while continuing to support Mexican exports.

Emirates looks to windowless planes

Emirates has safely and gradually restarted operations across its network. Since it safely resumed tourism activity in July, Dubai remains one of the world’s most popular holiday destinations, especially during the winter season. The city is open for international business and leisure visitors. From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai offers a variety of world-class experiences. It was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

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.