All news – Page 994
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NewsCharter provider Wheels Up buys business aircraft operator Gama Aviation Signature
US business aircraft charter company Wheels Up has acquired aircraft operator Gama Aviation Signature, a move that continues fast-growing Wheels Up’s expansion following a recent equity sale to Delta Air Lines.
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NewsDelta announces new routes from Seattle
Delta Air Lines is expanding its service on routes from its West Coast hub of Seattle-Tacoma international airport, bringing the number of destinations it serves from the northwestern US city to 56.
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NewsAcropolis takes delivery of first completed ACJ320neo
UK VVIP charter operator Acropolis Aviation has taken delivery of the first outfitted Airbus ACJ320neo from Swiss completions company AMAC Aerospace, and is preparing the luxury re-engined narrowbody for its first commercial flight on 3 March.
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NewsAeroflot weighs options for long-haul fleet
Aeroflot Group is in the process of reviewing options for expanding its long-haul fleet, as well as how planned short-haul growth can be maintained despite uncertainty on the Boeing 737 Max family’s return to service.
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NewsInvestigation launched as Lilium Jet prototype is destroyed by fire
German start-up Lilium says the start of flight testing of the second electric-powered Lilium Jet prototype could be delayed by several weeks as it determines what caused the first test aircraft to catch fire during maintenance on 27 February.
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NewsIATA seeks freezing of slot rules to aid coronavirus capacity cuts
IATA is contacting aviation regulators to request the suspension of rules governing airport slots for the remainder of the winter season and for the upcoming summer timetable as airline pull back capacity in the light of the spread of the coronavirus.
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NewsRussian Helicopters hands over first serial Mi-38
Russian Helicopters has delivered the first serial-production Mil Mi-38 to a civil customer, with the heavy-twin to be used for VIP transport missions.
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NewsKenya Airways taps state loan to cover Embraer engines overhaul
SkyTeam carrier Kenya Airways has received a KSh5 billion ($49 million) loan from the government to cover an engine overhaul programme for its fleet of Embraer E190 regional jets.
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AnalysisNew and revamped models trigger surge in business jet shipments
The business jet market is riding high. After four years of very modest annual delivery hikes, the sector in 2019 recorded its strongest output for a decade, and its highest year-on-year increase in shipments since the market boom of 2008.
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AnalysisAirbus wins all of January’s new airliner orders
Airbus made a strong start to 2020, accounting for all of the new commercial aircraft orders recorded during January. Boeing secured no fresh business, highlighting the continuation of its struggle with returning the grounded 737 Max to operational use.
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NewsLufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
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NewsWizz Air applies for AOC for new Abu Dhabi carrier
Central European budget carrier Wizz Air has reached a firm agreement to establish a new operator in Abu Dhabi, which will commence services in autumn this year. The airline is tying up with Abu Dhabi Developmental Holding Company to set up the Middle Eastern operation. It states that it has ...
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NewsJeju Air closes Eastar Jet acquisition for $46 million cash
South Korea’s Jeju Air will acquire a majority stake in compatriot Eastar Jet as planned for a W54.5 billion ($45.8 million) cash consideration. The amount is lower than the W69.5 billion previously announced. W11.95 billion of the acquisition price has already been paid as down payment for the stock sale ...
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NewsThai Airways 2019 losses widen despite increased traffic
Thai Airways International’s losses widened by Bt3.4 billion ($109 million) to Bt12.4 billion in 2019, as revenues fell despite increased passenger numbers. Operating revenue declined by 7.7% to Bt184 billion, as passenger revenue fell 7% to Bt149 billion while the cargo segment plunged 20.4% to Bt17.8 billion. Among the factors ...
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NewsAir Macau exercises option for A320neo from CALC
Air Macau has exercised the option to purchase one Airbus A320neo from Hong Kong-based lessor China Aircraft Leasing (CALC). The flag carrier was granted the option on 11 March 2019 to buy one A320neo that it was set to take on operating lease from CALC by the end of 2019. ...
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NewsLion Air delaying decision on IPO
Indonesia’s Lion Air Group has put on hold plans for an initial public offering, a source tells Cirium. The company was expected to make the call at the end of February, but the person says some investors have been reluctant to hold face-to-face meetings amid the coronavirus outbreak. Moreover, it ...
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NewsUnited’s capacity reduction in Asia extends beyond China
United Airlines has suspended some of its flights to Tokyo, Osaka, Singapore and Seoul and extended its flight cancellations to mainland China and Hong Kong through 30 April. The Chicago-based airline has cancelled flights from Los Angeles and Houston to Tokyo Narita between 8 March and 24 April, and flights ...
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NewsBangkok Airways consortium ‘best’ bidder for U-Tapao hub project
A three-party consortium that includes Bangkok Airways has emerged as the bidder that made “the best offer” to develop an aviation hub at Thai airport U-Tapao International. Along with with BTS Group and Sino-Thai Engineering & Construction, the carrier submitted a joint bid for the “U-Tapao International Airport and Eastern ...
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NewsBangkok Airways’ 2019 profit up despite dip in passenger revenue
Bangkok Airways boosted operating profit 18% to Bt1.68 billion ($53.2 million) last year, despite a decline in revenue from the passenger segment. Revenue rose 2.4% to Bt28.6 billion. However, passenger revenue fell 6.9% to nearly Bt18.9 billion, which the carrier attributed to a strengthening of the Thai baht against major ...