Air travel was on its deathbed at the height of the COVID-19 pandemic as stringent travel restrictions and closed borders fuelled the bleeding. Two years down the road things are looking up going by the investment airlines are making as they look to bounce back.
Emirates and Royal Air Maroc Codeshare Agreement
Emirates and Royal Air Maroc are some of the airlines taking advantage of a spike in the number of people taking up to the sky. The two have inked a codeshare partnership that will provide air travellers with an array of travel options and connection choices between Dubai, Casablanca, Morocco, and beyond.
The two plan to place marketing codes on each other flights to accord travellers an opportunity to book and connect travel between the airline’s networks. Travelers using the two airlines will also enjoy competitive single ticket and multi-journey fares and baggage transfer. The partnership paves the way for Emirates customers to access 17 destinations in Morocco and beyond Casablanca. Royal Air Maroc customers will also access the Emirates network of over 130 destinations.
The Royal Air Maroc and Emirates partnership is expected to strengthen network connectivity while providing leisure and business travelers more choice and convenience while traveling using the two airlines.
Qatar Airways and Virgin Australia Partnership
Qatar Airways and Virgin Australia have also joined forces in a bid to expand their network lounges and loyalty programs. Starting mid this year travelers using the two airlines will enjoy greater access and unparalleled customer experience with unique benefits.
The strategic partnership is also expected to boost trade and tourism in Australia while opening up new travel opportunities for travelers. In addition, it affirms Qatar airway’s commitment to opening up Australia to the world. The partnership will also offer Australians access to the world given the airline’s extensive network.
The codeshare agreement will allow Qatar Airways passengers to travel up to 35 destinations leveraging Virgin Australia’s domestic network. In addition, the travelers will also enjoy flights to Fiji and Queenstown New Zeeland. In return, Virgin Australia customers will enjoy unprecedented access to the Qatar Airways network that covers 140 worldwide destinations including 54 cities in Europe.
Lufthansa Fleet Investment Drive
As airlines continue to strengthen their network with a codeshare agreement. Germany’s Lufthansa Group has moved to bolster its fleet in anticipation of an uptick in air travel. The group has confirmed plans to purchase more state-of-the-art long-haul aircraft to address the growing air travel demand.
Some of the aircrafts the group is acquiring include seven Boeing 787-9 long haul passenger aircraft that will fill the gap created by delivery delays on Boeing 777-9. Three Boeing 777F freight aircraft to strengthen the freight business and seven Boeing 777-8F freighter aircraft. Lufthansa is investing big in the freight business sensing a window of opportunity amid the strains on the global supply chains.
Leveraging Boeing’s new long haul aircraft that are fuel efficient and more economical, Lufthansa affirms its commitment to emit less CO2 from its operations amid the modernization drive. The new aircraft are also expected to reduce the airline’s capital expenditures as it seeks to achieve an adjusted EBIT margin of at least 8% and a return on capital employed of at least 10%.