All articles by Graham Dunn – Page 27
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NewsRiyadh Air to take up 72 Boeing 787s, Saudia to sign for 49 more Dreamliners
National start-up carrier Riyadh Air is take up to 72 Boeing 787-9s, including plans for firm orders for 39 Dreamliners, as part of a wider Saudi Arabian commitment which will see Saudia also sign for up to 49 more of the widebodies.
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NewsFirst Airbus A380 redelivered to Etihad after pandemic grounding
Gulf operator Etihad Airways has taken redelivery of its first example of an Airbus A380 ahead of returning the ultra-large jet to service this summer.
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Airline BusinessAirlines struggle to fast-track consolidation
It is not without reason that the airline industry is one of the least consolidated sectors globally. Regular competition issues are compounded by the inherently international nature of the business, which for a majority of operators involves connecting cities in different countries, even if the consolidation itself is not cross-border.
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Airline BusinessCathay profit return signals strength of airline sector recovery
Of all the recent disclosures of airline profit returns, of which there have been many, few seem as notable as that of Cathay Pacific.
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NewsDeliveries key as Qatar Airways adds seven new routes in major expansion
Qatar Airways will add seven new services and restore flights to 11 more destinations as part of a major expansion, though chief executive Akbar Al Baker acknowledges launch dates will be dependent on when the carrier receives its new aircraft deliveries.
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NewsStrong yields drive Pegasus to profits high in 2022
Turkish carrier Pegasus Airlines jumped back to the black last year in posting a record operating profit of €633 million ($674 million) driven by a more than doubling in revenues.
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NewsPortugal dismisses TAP chief and chairman
Portugal’s finance minister has dismissed TAP Portugal’s chairperson Manuel Beja and chief executive Christine Ourmieres-Widener following a report into a controversial severance payment to a former TAP administrator.
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NewsLufthansa take cautious view on capacity as constraints remain
Lufthansa Group continues to be wary of growth constraints from wider supply chain challenges this year as it expects capacity to climb to between 85-90% of pre-pandemic levels.
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NewsLufthansa highlights southern hub role as ITA talks continue
Lufthansa Group chief executive Carsten Spohr sees the Rome Fiumicino hub of acquisition target ITA Airways as better positioning it to serve southern hemisphere markets as talks on a deal continue.
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NewsTalks under way over possible partial sale of Lufthansa Technik
Lufthansa has begun talks with potential investors over the possible partial sale of Lufthansa Technik, though the MRO unit will remain a key part of the airline group.
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NewsLufthansa confirms strong rebound to profit in 2022
Lufthansa Group is projecting a “further significant improvement” in profit this year after confirming its return to the black in 2022 with an adjusted EBIT of €1.5 billion ($1.6 billion).
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NewsTurkish Airlines preparing but in no rush to spin out Anadolu Jet
Turkish Airlines is continuing work on establishing its low-cost unit Anadolu Jet as a standalone operation, though has set no firm plans on a possible IPO for the carrier.
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NewsAircraft delivery issues ‘no significant bottleneck’ for 2023 plan: Turkish Airlines
Turkish Airlines believes it is well-placed to ride out any aircraft delivery issues this year as it aims to boost capacity by up to 20% in 2023.
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NewsVirgin Atlantic formally joins SkyTeam
Virgin Altantic has formally entered SkyTeam today, joining transatlantic joint venture partners Delta Air Lines, Air France and KLM in the global alliance.
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NewsLufthansa Group to take first A350-1000s as part of 22-strong widebody order
Lufthansa Group is ordering 15 more Airbus A350s, including its first -1000s, and seven additional Boeing 787s for delivery from the middle of this decade.
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NewsLufthansa extends Spohr’s contract for five more years
Lufthansa Group has extended the contract of chief executive Carsten Spohr for another five years, alongside that of chief financial officer Remco Steenbergen.
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NewsTurkish Airlines doubles revenues and operating profits in 2022
Turkish Airlines almost doubled revenues and operating profits last year as a sharp return in passenger demand helped it to record profitability
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Airline BusinessLufthansa banks on seating options with €2.5bn long-haul product upgrade
German carrier Lufthansa will equip more than 80 new widebodies and retrofit other aircraft as part of a €2.5 billion ($2.6 billion) long-haul product revamp revealed in Berlin today.
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NewsCarlyle takes stake in SpiceJet after debt-for-equity swap deal
SpiceJet has agreed a debt-for-equity deal with Carlyle Aviation Group under which the aircraft lessor will take a stake in the Indian low-cost carrier and cargo unit SpiceXpress and Logsitics.
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NewsState funds to tackle historic debts as SAA covering operating costs
South African Airways (SAA) has flagged that it is now covering its operating costs after the country’s finance ministry set aside R1 billion ($55 million) to deal with a portion of its historic debts.