18 Dec 2023

Porter Airlines increases Embraer E195-E2 commitment

Alaska Air and Hawaiian Airlines announce merger 

Alaska Air Group and Hawaiian Holdings announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion, inclusive of $0.9 billion of Hawaiian Airlines net debt. The transaction is expected to enable a stronger platform for growth and competition in US domestic market.

Alaska Airlines CEO Ben Minicucci said “This combination is an exciting next step in our collective journey to provide a better travel experience for our guests and expand options for West Coast and Hawai‘i travellers. We have a longstanding and deep respect for Hawaiian Airlines, for their role as a top employer in Hawai‘i, and for how their brand and people carry the warm culture of aloha around the globe. Our two airlines are powered by incredible employees, with 90+ year legacies and values grounded in caring for the special places and people that we serve. I am grateful to the more than 23,000 Alaska Airlines employees who are proud to have served Hawai‘i for over 16 years, and we are fully committed to investing in the communities of Hawai‘i and maintaining robust Neighbour Island service that Hawaiian Airlines travellers have come to expect. We look forward to deepening this stewardship as our airlines come together, while providing unmatched value to customers, employees, communities, and owners.”

Porter Airlines increases Embraer E195-E2 commitment

Porter Airlines announced it has exercised purchase rights to place a firm order for 25 Embraer E195-E2 passenger jets valued at $2.1 Billion at list price, adding to their 50 existing firm orders. Porter Airlines President & CEO  Michael Deluce said, “At Porter, we entered a new era when we began operating the E195-E2 earlier this year. The jet is exceeding our expectations, especially in terms of fuel burn, and delivering an incredible level of customer satisfaction to our passengers with a quiet, comfortable ride. These additional 25 orders enable us to continue extending our reach throughout North America, with more exciting new destinations.” 

UPS announces new hub at Hong Kong International Airport

The Hong Kong Airport Authority and UPS have entered into an agreement that improves UPS service to customers and enhances the company’s operations in Asia with a new hub at the Hong Kong International Airport. The new hub will serve as UPS Hong Kong’s main facility for processing and sorting imports, exports, and transshipments, to and from Europe, the U.S., and other parts of Asia. The hub is expected to be completed by 2028 and will be built on a land parcel of 20,000 square metres with direct access to aircraft designed to handle close to 1 million tons annually.

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