– Qatar has closed a deal for almost 9.6 % of Cathay Pacific for $682 million
Qatar is VERY confident about the future of aviation and has been trying to find investment vehicles outsides of markets it operates right now.
Unlike Etihad has decided to invest in local champions (though arguably Cathay Pacific is reeling from the China mainland competition for Economy Class flights). This is a much better strategy for a minority investor (most foreign airlines are restricted buying a ‘local’ airline controlling stake) as it needs less oversight.
– Etihad offers a 10% discount if you book ANY flight via the mobile app and Apple Pay
– WOW Air is on a roll on is planning big capacity increases and flights to Asia next year
Iceland-based LCC WOW Air plans to grow 40% in 2018, reaching 4 million passengers by year-end and is looking at setting up a local office in Asia, as it contemplates US-Asia services via its Reykjavik hub.
– IAG’s discount subsidiary is doing well too
Low-cost long-haul flights bring in ‘80%-90%’ of the revenue of a full service airline with ‘10%-20%’ lower costs
LEVEL currently running at 90%+ load factors and is profitable
Potential for 15-30 LEVEL aircraft flying by 2022 (IAG has suggested it could use some of Monarch’s Gatwick slots)