All articles by Graham Dunn – Page 24
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NewsLufthansa seals deal for stake in ITA Airways
Lufthansa has reached agreement to acquire a minority stake in ITA Airways under a plan which envisages the Italian carrier boosting revenues from €2.5 billion this year to €4.1 billion in 2027.
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NewsItaly set to unveil agreement with Lufthansa for ITA stake
Italian government talks with Lufthansa over the latter acquiring stake in national airline ITA Airways appear to have come to fruition amid widespread reports that a deal could be announced on 25 May.
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NewsTogo’s ASKY to add first 737 Max jets
Togolese carrier ASKY is to add its first Boeing 737 Max 8s after reaching agreement to lease a pair of the jets from AerCap.
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NewsWestJet reaches tentative deal ahead of pilots’ strike
Canadian carrier WestJet has reached a tentative deal with pilots working at the airline and its low-cost unit Swoop in a move averting strike action which was due to begin today.
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NewsEasyJet chief sees chance to ‘significantly’ cut winter losses
Chief executive Johan Lundgren believes EasyJet is in position to significantly reduce losses incurred over the winter and ultimately for the off-season period to become profitable for the carrier.
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NewsEasyJet narrows first-half losses
EasyJet cut pre-tax losses to £411 million for the first six months of its financial year on revenues 80% up year-on-year.
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NewsAegean cuts pre-tax losses in first quarter on strong growth
Greek carrier Aegean Airlines cut its losses to below pre-pandemic levels for the first three months of 2023, with revenue nearly double last year's figure.
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NewsStrong yields and revenue help Pegasus narrow Q1 loss
Turkish carrier Pegasus Airlines narrowed its net loss in the first quarter to €22 million ($24 million) on record revenues for the period.
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NewsSpiceJet cargo unit set to secure $100m investment
Indian carrier SpiceJet has struck a preliminary deal for a $100 million investment into its recently spun out logistics unit SpiceXpress.
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NewsSAA merger set for competition green-light after Takatso shareholders agree divestment
Investors with interests related to South African operator Lift have agreed to divest their involvement in the Takatso consortium that is to take a controlling interest in South African Airways, clearing a path for competition authorities to approve the deal. South Africa’s Competition Commission says it is recommending the country’s ...
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NewsIndia on watch over failure to enact Go First lessor de-registration requests
A body that monitors countries’ compliance with the Cape Town Convention has placed India on a watchlist after lessor requests to de-register aircraft belonging to struggling local carrier Go First were not enacted prior to it entering insolvency proceedings.
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NewsTurkish Airlines eyes June announcement for massive long-term order
Turkish Airlines is reportedly hoping to announce an aircraft order covering around 600 aircraft next month, which will support it’s recently disclosed ambition to double the size of its fleet to more than 800 over the next decade.
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NewsKLM takes mitigating steps as it flags ‘difficulty’ fully deploying E-Jet E2 fleet
KLM is tweaking its summer schedule and is holding on to several Embraer 190s that were due to be returned to lessors in a bid to overcome a capacity shortage caused by technical challenges affecting its Pratt & Whitney-powered E195-E2s.
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NewsEmirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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NewsVirgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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NewsGo First extends grounding for further week as it secures bankruptcy protection
Struggling Indian carrier Go First looks to have secured much-needed relief after an Indian tribunal reportedly granted its urgent request for bankruptcy protection.
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NewsGo First extends grounding as more lessors file aircraft de-registration requests
Troubled Indian low-cost carrier Go First has extended its suspension of flights until 12 May, with lessors also filing further aircraft de-registration requests with the country’s civil aviation regulator.
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NewsAir France-KLM chief sees fleet flexibility helping counter delivery concerns
Air France-KLM chief executive Ben Smith believes the ability to adjust the pace of its widebody fleet renewal gives it the necessary agility to counter any aircraft deliveries delays with right-sized aircraft.
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Airline BusinessAir France-KLM upbeat over summer outlook but Schiphol cloud remains
Over the course of the shared years since Air France and KLM came together it has always been the French carrier whose challenges have dwarfed those of its Dutch partner.
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NewsAir France-KLM keeping partner options open for Latin market
Air France-KLM is still studying long-term partnership options in both Europe and South America to bolster its position in the Latin American market.