Aviation Trek
Italy quarantines 242 passengers on Air India’s Amritsar-Rome flight after 30 were found to be COVID-positive.
According to the reports, the Italian government has quarantined all 242 people on board, including those who tested positive for COVID.
Last Thursday, just hours before the Amritsar-Rome flight touched down, the Italian government released an order stating that all passengers arriving from India will be quarantined for 10 days at a location determined by its officials.
India is dealing with the second wave of the coronavirus pandemic, with hospitals in many states suffering from extreme medication, oxygen, and bed shortages.
Etihad Launches first commercial flight from UAE to Israel
On Monday, the number of daily COVID-19 cases in the country fell slightly, with 3,68,147 new infections reported in 24 hours.
The 232 passengers, eight cabin crew members, and two pilots were sent to a hotel for paid quarantine. The second RT-PCR test, performed after a few days of quarantine, came back negative for the seven crew members and a pilot. AI is now making plans to fly them back home, either on their own or on other commercial airlines.
Does the Aircraft have a horn ?
This Vande Barat Mission flight took place on Thursday (April 29). Italy conducts pre-arrival monitoring. Many passengers, as well as two crew members, tested positive. As a result, everyone on board the Dreamliner from Amritsar to Rome was quarantined for a few days. The captain and the flight’s senior most crew member will be quarantined in Italy before they test negative.
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:
- 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.
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