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June 21 2022

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Today's Top Stories
 

 
 
 

US court approves LATAM's restructure plan

A U.S. court approved LATAM Airlines Group’s Plan of Reorganization under Chapter 11 of the U.S. bankruptcy code. The plan, backed by nearly all of LATAM’s creditors, will inject about $8 billion through a combination of capital increase, issue of convertible bonds, and the new debt. This injection includes US$5.4 billion of financing backed by major shareholders such as Delta and Qatar Airways and LATAM’s major creditors. The airline filed for bankruptcy protection two years ago in the United States because of the fallout of pandemic curbs.

Simple Flying | Related

U.S. bankruptcy court approves LATAM Airlines restructure plan - Reuters

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Qantas, Airbus to make $200 Million Sustainable Fuels investment

Airbus SE and Qantas Airways Ltd. will make a joint investment aimed at kick-starting Australia’s Sustainable Aviation Fuel (SAF) industry. The investment of as much as $200 million aims to accelerate the adoption of SAF in the country. The partners will make equal investments, with a smaller contribution from Raytheon Technologies Corp.’s Pratt & Whitney arm. The agreement, announced on the sidelines of global airline industry body IATA's annual meeting in Doha, is in line with Qantas' target of using 10% SAF in its fuel mix by 2030. 

Bloomberg | Related

Qantas, Airbus to invest up to $200 million to develop Australian sustainable aviation fuel industry - Reuters

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Finnair’s new Business Class cabin wins major awards

Finland’s flag carrier Finnair has won the gold award in this year’s best ‘Cabin Concept’ category at the Onboard Hospitality Awards for its new long-haul cabin design. The cabins feature a brand-new Business Class with an eye-catching, non-reclining seat with fixed living space, as well as a new Premium Economy cabin and refreshed Economy cabin in a sleek new Nordic design. The carrier’s long-haul offering also helped the airline to win the ‘best onboard textiles’ category for its premium economy neck pillow and woven blanket designed in partnership with Marimekko.

Inflight | Related

These Airlines’ Business Class Seats Are Getting a Major Upgrade - CNTraveler 

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Oman Air to Join oneworld alliance

Oman Air announced that they will be joining the oneworld alliance in 2024 at the International Air Transport Association’s (IATA) 78th AGM in Doha. With Qatar Airways as its sponsor, the airline was voted into the alliance as a member-designate by the alliance’s Governing Board, making it the third middle east airline to join the alliance, following Qatar Airways and Royal Jordanian. As a member of the alliance, the airline’s frequent fliers will be able to earn and redeem miles across all airlines that are a part of oneworld, and will see a host of benefits through member airlines.

Airways Magazine | Related

It's Official: Oman Air Will Join oneworld - Simple Flying

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Airbus and SkyFive develop 5G ATG Internet solution for China

Nokia spin-off SkyFive has signed a partnership agreement with Airbus’ China Innovation Center(ACIC)  to develop a native 5G air-to-ground solution for China, one of the least connected aerospace markets in the world. At the time of that announcement SkyFive believed gigabit speeds to each aircraft were viable. The new plan suggests 400Mbit to start. An MoU between China Mobile (Shanghai) Industrial Research Institute and ACIC provides for cooperation on industrialization and pilot phase flight route trials for the application of 5G Air-to-Ground (ATG) connectivity in China. This cooperation covers new service solutions in connected cabin, cabin experience and digitalization.

Paxex.aero | Related

Airbus And SkyFive To Develop 5G Internet Solution For Chinese Aviation - Simple Flying

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Turkish Airlines Has Its Sights On 30 Airbus A220s

With the soaring post pandemic demand for air travel, Turkish Airlines is on course to order 30 regional aircraft to support its continued growth. It was reported that the carrier was looking at both the Embraer E195 and the A220, but the carrier has opted for the Airbus A220-300, due to its lower operating costs and longer range. Turkish Airlines, which plans to rebrand into Türkiye Havayolları, is already a significant Airbus customer, operating 116 Airbus A320 family aircraft, 50 Airbus A330s, and six Airbus A350-900s. Last month it announced an order for a further six A350s. It currently does not operate the A220.

Aerotime | Related

Turkish Airlines Looking to Order 30 New Aircraft to Its Fleet - Travel Radar

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Azerbaijan aims to complete Zangilan airport in Sep 2022

The construction of the Zangilan International Airport will be completed in September this year, said Vahid Hajiyev, Special Representative of the President of Azerbaijan in the Zangilan district. Noting that Zangilan has great potential for solar energy and ecotourism, Hajiyev stressed that construction and restoration work continues in Zangilan.

Trend News Agency | Related

Azerbaijan to complete construction of Zangilan airport in September 2022 - International News.Az

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> PHOTO OF THE DAY

 
 
Today's Instagram picture comes from bdpspotter, who captured this Iberia A330 in MAD.   Use #APEXPOTD for the chance to be featured in the APEX Daily Experience newsletter!
 
 

> Tweet of the Day

Reminiscing on a great week in Hamburg for #AIX22. From exciting announcements to meetings with clients and prospects, to speaking on a distinguished panel and even winning an award! It was certainly a successful and memorable event

Inflight Dublin @Inflight Dublin

 
 
 

Association News

Registration is NOW OPEN for APEX/IFSA EXPO!

Registration is now open the most comprehensive end-to-end airline passenger experience marketplace in the industry – APEX/IFSA EXPO! On October 25-27 in Long Beach California, join more than 1,500 industry professionals, including airline CEOs, executives, suppliers, and decision-makers from dozens of airlines around the world, in showcasing the latest technologies, products, and content and share unique insights via our thought leadership programming. Click here to register.

 
 
 
 

> Quote of the Day

"The use of SAF is increasing globally as governments and industry work together to find ways to decarbonise the aviation sector. Without swift action, Australia is at risk of getting left behind."

Qantas Chief Executive Officer Alan Joyce
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The next newsletter will be out tomorrow

 
 

ABOUT APEX

The Airline Passenger Experience Association (APEX) encompasses a network of airlines, businesses and professionals that are committed to providing a world-class airline experience for passengers around the globe. Every day, APEX members are improving every aspect of the airline experience, from designing, building and installing seating, entertainment and communications systems on commercial aircraft, to airport lounges and in-flight dining. Visit apex.aero for more information. APEX is professionally managed by Kellen Company, the premier global association management firm with offices and representation in the United States, Europe, China, the Middle East, India and Southeast Asia.

 
 

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