KLM

CorEnergy Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

During the third quarter of 2022, Crimson filed for a tariff increase of 35% on its Southern California pipeline system and 10% on its KLM pipeline.

Key Points: 
  • During the third quarter of 2022, Crimson filed for a tariff increase of 35% on its Southern California pipeline system and 10% on its KLM pipeline.
  • Both of the third quarter tariff filings were protested by shippers and are proceeding through the CPUC approval process, with resolution expected in 2024.
  • The Company commenced collecting a 10% tariff increase on the SPB system in March 2023, and a 21% total tariff increase on KLM as of October 2023.
  • CorEnergy will host a conference call on Tuesday, November 7, 2023 at 10:00 a.m. Central Time to discuss its financial results.

Apollo to provide up to EUR 1.5 billion High Grade Capital Solution to an Air France-KLM operating affiliate supported by commercial partner contracts of its Flying Blue loyalty program

Retrieved on: 
Thursday, October 26, 2023

Air France-KLM has committed to spend €100 million in sustainable aviation fuel over the next four years.

Key Points: 
  • Air France-KLM has committed to spend €100 million in sustainable aviation fuel over the next four years.
  • The inaugural European loyalty program financing transaction will provide Air France-KLM with a capital solution to further strengthen its balance sheet and enhance Flying Blue’s scalability and growth prospects.
  • This financing is the third transaction between Apollo and Air France-KLM within the last 18 months.
  • Apollo Partner Jamshid Ehsani said, “Apollo is pleased to continue to serve as a capital partner to Air France-KLM.

GOL and Air France-KLM sign agreement to extend and enhance their commercial partnership

Retrieved on: 
Thursday, October 26, 2023

-    Commercial partnership initiated in 2014 to be extended for 10 years, with reciprocal exclusivity on traffic flows between Europe and Brazil.

Key Points: 
  • -    Commercial partnership initiated in 2014 to be extended for 10 years, with reciprocal exclusivity on traffic flows between Europe and Brazil.
  • -    Partnership also covers increased maintenance cooperation, with Air France Industries KLM E&M expanding its support to GOL's CFM56 and LEAP engines.
  • Air France-KLM and GOL Linhas Aéreas Inteligentes today announced that they have signed an agreement to extend and enhance their commercial partnership for the next 10 years.
  • Initially introduced in 2014 for a period of 5 years, the commercial partnership between Air France-KLM and GOL had already been renewed in 2019.

Air France-KLM and Sabre sign NDC distribution agreement

Retrieved on: 
Thursday, October 19, 2023

PARIS and SOUTHLAKE, Texas, Oct. 19, 2023 /PRNewswire/ -- Air France-KLM and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced completion of a strategic multi-year NDC distribution agreement as well as the renewal of their existing EDIFACT agreement. Collaboration between the partners has been extended with New Distribution Capability (NDC) enriched offers, which will be marketed and sold alongside EDIFACT content, through Sabre's global distribution system (GDS). The Air France-KLM NDC offers will be rolled out to Sabre-connected travel agencies in a phased approach next year.

Key Points: 
  • Collaboration between the partners has been extended with New Distribution Capability (NDC) enriched offers, which will be marketed and sold alongside EDIFACT content, through Sabre's global distribution system (GDS).
  • The Air France-KLM NDC offers will be rolled out to Sabre-connected travel agencies in a phased approach next year.
  • It also enables Air France and KLM to distribute their customized NDC offers, thanks to continuous pricing and tailor-made bundles, to the global network of Sabre-connected agencies.
  • We are delighted to bring our customers EDIFACT and enhanced NDC content as we transition to a new world of Offers and Orders."

Publicis Groupe : Third Quarter 2023 Revenue

Retrieved on: 
Thursday, October 12, 2023

On January 4, 2023, Publicis announced the acquisition of Yieldify, a London-based marketing technology company.

Key Points: 
  • On January 4, 2023, Publicis announced the acquisition of Yieldify, a London-based marketing technology company.
  • On January 10, 2023, Publicis announced the acquisition of Advertise BG, one of the leading performance marketing agencies in Bulgaria.
  • On May 23, 2023, Publicis announced the acquisition of full stake in Publicis Sapient AI Labs, an innovative artificial intelligence research and development joint venture launched in 2020 in partnership between Publicis Sapient, Elder Research and Tquila.
  • Corra will augment Publicis Sapient’s existing expertise in commerce solutions, including Adobe Commerce, while extending Publicis Sapient’s offerings in digital and omnichannel commerce.

Airlines are being hit by anti-greenwashing litigation – here's what makes them perfect targets

Retrieved on: 
Tuesday, October 3, 2023

While the industry has faced legal backlash in the past, the dramatic proliferation of these cases may spell disaster for major airlines.

Key Points: 
  • While the industry has faced legal backlash in the past, the dramatic proliferation of these cases may spell disaster for major airlines.
  • It’s not hard to see why the aviation industry has provoked the ire of climate activists.

Why greenwashing?

    • The rise in greenwashing litigation can in part be attributed to the relative ease with which cases can be brought.
    • It’s simply a lot easier to attack an airline’s advertising compared to other activities that might be targeted by strategic climate litigation.
    • It’s an effective form of climate action due to the power exerted by advertising on public perception and social norms.

Common litigation strategies

    • Interestingly, this case builds upon a ruling of the Dutch Advertisement Code Commission and indicates the “snowballing” trend inherent in anti-greenwashing litigation, wherein cases rely upon precedent set by previous authorities.
    • With this borne in mind, the recent 19-country complaint by the European Consumer Organisation could provide the strongest foundation to date for future litigation.
    • European companies should follow this case closely as American-style “class action” litigation will soon be made possible in the EU.

Does this litigation have teeth?

    • In reality, these early cases are merely scratching the surface of what’s possible.
    • Once these cases enter the public conversation, a growing understanding of consumer protection is bound to follow.
    • In many jurisdictions, such as my home country of Ireland, significant damages can be awarded against companies for misleading advertisement.
    • While anti-greenwashing litigation might not halt the growth of this industry altogether, it is no doubt an invaluable tool.

Xiamen Airlines shines at APEX 44th Annual Global Conference

Retrieved on: 
Thursday, September 21, 2023

LOS ANGELES, Sept. 21, 2023 /PRNewswire/ -- Xiamen Airlines is accredited with the 2024 APEX World Class award.

Key Points: 
  • LOS ANGELES, Sept. 21, 2023 /PRNewswire/ -- Xiamen Airlines is accredited with the 2024 APEX World Class award.
  • This highest award category of APEX just granted only 8 airlines from all over the world, including Qatar Airways, Singapore Airlines, Emirates, Japan Airlines, KLM, Saudia Airlines, Turkish Airlines.
  • Xiamen Airlines is the only one among Chinese airlines.
  • It is worth mentioning that this is the second year in a row that Xiamen Airlines has been awarded.

Xiamen Airlines shines at APEX 44th Annual Global Conference

Retrieved on: 
Thursday, September 21, 2023

LOS ANGELES, Sept. 21, 2023 /PRNewswire/ -- Xiamen Airlines is accredited with the 2024 APEX World Class award.

Key Points: 
  • LOS ANGELES, Sept. 21, 2023 /PRNewswire/ -- Xiamen Airlines is accredited with the 2024 APEX World Class award.
  • This highest award category of APEX just granted only 8 airlines from all over the world, including Qatar Airways, Singapore Airlines, Emirates, Japan Airlines, KLM, Saudia Airlines, Turkish Airlines.
  • Xiamen Airlines is the only one among Chinese airlines.
  • It is worth mentioning that this is the second year in a row that Xiamen Airlines has been awarded.

CDB Aviation Leases Three A321neos to KLM

Retrieved on: 
Monday, September 11, 2023

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for three new Airbus A321neo aircraft with KLM Royal Dutch Airlines (“KLM”).

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for three new Airbus A321neo aircraft with KLM Royal Dutch Airlines (“KLM”).
  • “We are thrilled to be expanding our long-standing relationship with KLM through the addition of these brand new A321neos to their fleet on operating lease,” said Peter Goodman, CDB Aviation’s Chief Commercial Officer.
  • We are very pleased KLM chose our team for these aircraft.
  • The results achieved by our collaboration will be instrumental in helping reach KLM’s decarbonization targets,” concluded Jie Chen, CDB Aviation Chief Executive Officer.

utu and TAP Miles&Go Partner to Bring 'Upsized' Tax Refund Benefits to Air Portugal Frequent Flyers

Retrieved on: 
Wednesday, August 30, 2023

The deal aims to now bring utu's unprecedented value proposition of offering rewards for tax-free shopping to TAP Miles&Go members.

Key Points: 
  • The deal aims to now bring utu's unprecedented value proposition of offering rewards for tax-free shopping to TAP Miles&Go members.
  • By utilising the utu Tax Free Card as their preferred method of receiving tax refunds, TAP Miles&Go members will earn a remarkable 3,546 miles, equivalent to an 'upsized' refund of US$125.
  • To begin, TAP Air Portugal frequent flyers must first download the utu Tax Free mobile app via Google Play or the App Store and activate their utu Tax Free Card.
  • When completing their tax refund form or using a tax refund kiosk, members only need to provide their utu Tax Free Card number and select TAP Miles&Go as their desired refund method from the utu app.