Skift Take China’s ambitions for COMAC to rival Airbus and Boeing will probably take decades to achieve. One of the largest aircraft lessors in the world said it currently wouldn’t buy a COMAC commercial aircraft. Meghna Maharishi The executive chairman of Air Lease, one of the largest aircraft lessors in the world, said the company
Travel
Skift Take It’s all flights on board as AirAsia Move aims to carve out its own niche in the OTA space. The superapp doesn’t want to be seen playing favorites with its parent airline. Peden Doma Bhutia AirAsia Move is serious about an IPO – but first the timing and the business mix needs to
Skift Take This is an example of why startup advisors say founders should avoid taking too much funding too quickly. Justin Dawes Culture Trip, the travel media company that raised roughly $155 million, sold its website and group tour business to the U.S. News & World Report. Culture Trip has gone through several business initiatives.
Skift Take Cleartrip’s agency business is recording fast growth, a sign of its growing stake in the online travel sector in India. Bulbul Dhawan Online travel agency Cleartrip has announced that its travel agent partners increased by 40% in 2023 as compared to 2022. The company’s business-to-business platform Agentbox 2.0 recorded four times higher volume
Skift Take After a string of problems with its beleaguered 737 Max line, Boeing has to come up with a plan to improve safety culture and quality control. Meghna Maharishi Boeing has 90 days to develop a plan to address its quality control issues following a history of problems with its 737 Max line, Federal
Skift Take Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan The pan-India premium hotel occupancy is estimated to reach decade highs of 70-72% in the coming fiscal year (2025), according to credit rating agency ICRA.
Skift Take Airlines are raising baggage fees to offset rising costs and cooling airfare inflation. But these price hikes may also be part of a strategy to incentivize more passengers to sign up for their frequent flyer programs and co-branded credit cards. Meghna Maharishi Checking in a bag is becoming an increasingly expensive endeavor. At
Skift Take Katerina Giannouka leaves her post as CEO after a little over a year. Josh Corder Katerina Giannouka has left Jumeirah Group one year into her time as CEO, confirms an internal document seen by Skift. The document is attributed to Jumeirah’s owning company Dubai Holding group CEO Amit Kaushal and was circulated to
Skift Take The long-awaited expert report found that the U.S. plane maker’s safety culture has numerous issues. Meghna Maharishi Boeing’s efforts to improve its safety culture have been insufficient, a Federal Aviation Administration expert panel reported Monday. The group found that there has been a “disconnect” between Boeing’s senior management and employees involved in the
Skift Take China’s state-owned plane maker is presenting the COMAC C919 on the international stage with high hopes of stealing market share from Airbus and Boeing. Ajay Awtaney, Skift Visitors to last week’s Singapore Airshow witnessed a landmark moment: the international debut of China’s C919 passenger jet. Beijing is betting big that the new plane
Aman, the ultra-luxury hotel and resort group, has been growing fast since Vlad Doronin became chairman and CEO in 2014. Back then, Aman had 26 hotels and resorts – it now has 35. Its soon-to-debut spin-off brand, Janu, has 11 properties in the works. And Aman has just launched a line of interior goods and
Skift Take Sound is an opportunity area that luxury hoteliers haven’t fully capitalized on. But they are perfect places to create unique, rarified experiences. Colin Nagy The best luxury hotels obsess over just about everything: The sheets, coffee, temperature, and lighting. The fresh flowers each day. Now, let’s talk sound: The best, most rarified listening
Skift Take With fraud a substantial problem in online travel these days, Airbnb is undertaking the mammoth task of trying to verify listings. The process is easier for professional hosts. Dennis Schaal Airbnb has started to verify listings in five of its top global markets, but the process is much simpler for professional hosts than
On Tuesday, February 20, at 1:54 pm, an American Airlines flight took off from Albuquerque’s International Sunport headed for Chicago, a three-hour flight away. Roughly half an hour into the flight, a passenger, Emma Ritz, says that a man whose seat was next to the emergency exit “cracked open the window that was protecting the
Skift Take Dubai understands that easier visa regime is essential to encourage more Indians to visit the emirate. Peden Doma Bhutia Dubai has introduced a 5-year multiple entry visa for Indians, the emirate’s largest source market for tourism. The processing time for the visa would be around two to five business days and would allow
Skift Take Booking Holdings CEO Glenn Fogel said the company would appeal the Spanish competition authority’s $530 million draft decision if it becomes permanent. Dennis Schaal Spanish regulators levied a $530 million fine against Booking.com in the fourth quarter in a draft decision, Booking Holdings announced Thursday. Booking Holdings CEO Glenn Fogel said the Spanish
Skift Take Accor’s top boss said during a Thursday earnings call that the hotel group will benefit as the middle class expands in India and beyond in the next several years. Sean O’Neill Accor’s top boss said Thursday that the hotel group will benefit as the middle class expands, especially in India. “Demography is probably
Skift Take The carrier took a gamble in betting that premium travel would last. Delta generated $19.1 billion in revenue from premium seating, a 26% increase from last year. Meghna Maharishi Ever since the pandemic, Delta Air Lines has gone all in on the premium traveler. The airline opened a new tier of lounges that
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