Airlines

Why Did UK Global Airlines Buy An Airbus A380? what is the latest business strategy?

A brand-new long-distance airline based in the UK, Global Airlines, has announced the purchase of its first Airbus A380 from Doric Aviation. By the spring of 2024, Global Airlines have its first transatlantic flights.

Doric claims to have 14 A380s on its roster, 13 of which are operated by Emirates and one of which is currently being remarketed, or leased to a new operator. It claims to be the only new airline in eight years to have a double-decker superjumbo on its fleet.

Boeing and Airbus orders at Farnborough on the second day(Opens in a new browser tab)

In the upcoming months, Global Airlines anticipates acquiring three more A380s. It plans to start operating flights from London to New York and Los Angeles in the coming spring. This will challenge it against legacy carriers such as British Airways and Virgin Atlantic, as well as Norwegian low-cost carrier Norse, which launched a service between London Gatwick and New York in August.

1/ @globalairlines, a UK-based long-haul airline that aims to bring back the elegance and luxury of the 'Golden Age of Air Travel', announces the acquisition of its first @Airbus A380 from Doric Aviation. Global Airlines is backed by investors and parent company Holiday Swap. pic.twitter.com/BQOfPM68xC
— Aeronews (@AeronewsGlobal) May 29, 2023

Frontier Airlines will introduce an annual pass(Opens in a new browser tab)

The A380 was purchased by Global Airlines for a price still unknown, which is believed to be in the eight-figure area. This move shows the airline’s commitment to acquiring top-notch assets and making an investment in its future success. The airline’s formal launch is anticipated to take place this summer, at which point it will define its passenger pitch, a number of special industry relationships, future route networks, and growth objectives.

Related Topics:A380 airbus Global airlines

Airlines

German Carrier Lufthansa Plans for 20% Job Cuts in Administration

Lufthansa Airlines is reportedly planning significant job cuts in its administrative workforce. According to Manager Magazin, the German carrier intends to reduce administrative positions by 20% as part of its cost-cutting measures amidst an anticipated decline in earnings.

This reduction could impact approximately 400 jobs, the report revealed. While Lufthansa has not directly commented on the layoffs, the airline confirmed its goal of cutting administrative costs by 20% by 2028.

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The strategy involves leveraging digital technologies, including artificial intelligence and automation. “A hiring freeze is currently in place for administrative roles at Lufthansa Airlines,” said a company spokesperson.

The staff reduction is expected to occur through natural attrition and age-related turnover, rather than forced layoffs. The internal projection cited by the magazine warns that Lufthansa could face an operating loss of €800 million ($843.92 million) by 2026 if no corrective measures are taken.

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The report highlights the challenges companies face in aligning workforce requirements with current and future demands. Failure to adapt could necessitate drastic actions, such as restructuring and layoffs, which carry significant repercussions for both the organization and its employees.

As Lufthansa navigates these challenges, the airline appears committed to balancing cost efficiency with digital transformation to maintain its competitiveness in a rapidly evolving industry.