Alaska to join oneworld joint businesses as Vertical Aerospace opens Cotswold assembly
Alaska Airlines is set to join the Atlantic and Pacific Joint Business agreements with American, British Airways and Finnair, expanding its oneworld reach. Meanwhile, Vertical Aerospace inaugurated an aircraft assembly centre at Cotswold Airport, and Japan Airlines saw a sharp drop in short interest in September.
Alaska Airlines is expected to join the Atlantic Joint Business and Pacific Joint Business with American Airlines, British Airways and Finnair.1 Alaska will file for approval and antitrust immunity with the US Department of Transportation in the coming months.1 Vertical Aerospace opened a £1 million Aircraft Assembly Centre at Cotswold Airport near Kemble.2 The centre is the first stage of Vertical's planned manufacturing scale‑up for its electric VTOL aircraft Valo.2 Japan Airlines' short interest fell 37.9% in September, dropping to 13,925 shares.3 Alaska's entry into the joint businesses gives its customers more seamless access to international destinations, affecting airline distribution and revenue opportunities.1 The new assembly centre supports Vertical Aerospace's production capacity, impacting airport operations and future electric aircraft services.2 The decline in JAL short interest may reflect changing investor sentiment, relevant to revenue management and trading strategies.3
Alaska plans to file for DOT approval and antitrust immunity in the coming months.1 Vertical Aerospace expects to certify Valo in 2029 and deliver initial customer aircraft from the new centre.2