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April 22, 2021 6:00 AM Becky Pokora - Forbes Advisor
Posted:
Updated:
April 22, 2021 1:38 PM
If you’re feeling flush with points, you’re not alone. Over the last year, everyone’s balances swelled to new maximums. Credit cards were and still are offering best ever bonuses to new cardholders and travel companies offered promotional earnings rates for anyone willing to leave home.
At the same time, consumers were earning, not burning. Instead of spending miles and points to fund travel, anyone lucky enough to still have a stable income was collecting points on credit card purchases for everything from home improvement to Amazon deliveries.
Synopsis
The move would leave the Seychelles government as the sole shareholder of Air Seychelles as the Abu Dhabi carrier further unwinds its failed strategy of investing in other airlines.
Agencies It s been formalised as we speak. It s happening right now, said Althius, a former Etihad executive, during an online event by aviation consultancy CAPA.
Etihad Airways is in talks to divest its 40% stake in Air Seychelles, the small Indian Ocean carrier s Chief Executive Officer Remco Althius said on Wednesday. The move would leave the Seychelles government as the sole shareholder of Air Seychelles as the Abu Dhabi carrier further unwinds its failed strategy of investing in other airlines.
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By Graham Dunn2020-12-31T10:35:00+00:00
Such has been the magnitude of the pandemic impact on air travel demand that the airline industry has to some extent been in a stasis since March - and with it so too has much of the normal airline failures, mergers and start-up activity.
A slowdown in the appetite for start-ups is hardly surprising given the paucity in air travel demand, which remains stymied by ongoing restrictions and quarantines. Likewise, simply surviving the crisis has been the focus for airlines meaning there is little time or the financial wherewithal to pursue acquisitions.
The relatively small number of airline failures is perhaps more counter-intuitive given the tough climate. It is though explained by the unprecedented levels of financial support governments have provided to keep carriers on life support through the crisis.