News from FlightGlobal – Page 107
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NewsIATA doubles industry profit projection for 2023
IATA now expects the airline industry to make a net profit of $9.8 billion this year, a doubling of its initial projection for sector profitability. The airline association had initially projected the industry would make a profit of $4.7 billion, but disclosing the updated forecast at its AGM in Istanbul ...
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NewsIATA to hold 2024 AGM in Dubai
IATA is to hold its next annual general meeting, the 80th running of the event, in Dubai in 2024.
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NewsSchiphol airport ‘has no shame’: IATA chief
IATA director general Willie Walsh has criticised airports – and Schiphol in particular – for continuing to raise charges amid doubts about the quality of service they are offering.
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NewsQantas to keep A380s for ‘at least’ 10 years: Joyce
Qantas expects to keep its Airbus A380 fleet for the next decade, as it commits to returning its full fleet of ten aircraft by 2024, a year later than earlier reported.
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NewsRiyadh Air narrowbody order in ‘not too distant future’: Douglas
Riyadh Air will finalise a narrowbody aircraft order shortly, supplementing the Boeing 787s the Saudi Arabian start-up committed to earlier this year.
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NewsKLM expects first A320neos ‘next year’ amid industry-wide delivery delays
KLM expects to receive its first Airbus A320neo-family jets in 2024 amid industry-wide aircraft delivery delays.
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NewsQantas to assess A330 replacement by year-end
Qantas is to kick off a replacement campaign for its Airbus A330 fleet in the second-half of 2023, its incoming CEO Vanessa Hudson confirms, amid “significant demand” for widebody aircraft in the wider airline sector.
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NewsIsrair to submit Smartwings transaction proposal to Chinese shareholder
Israir Group has outlined the requirements to bid for the Chinese shareholding of Czech carrier Smartwings, of which the Israeli leisure company is pursuing an acquisition. China’s economics ministry, through CITIC Group, holds 49.92% of Smartwings while the 50.08% balance is owned by entities controlled by investors Roman Vik and ...
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NewsConesa eyes transborder capacity lift as hopes rise for Mexican safety upgrade
Aeromexico has a “comprehensive plan” to add capacity on its transborder routes as chief executive Andres Conesa grows hopeful that the long wait for the US FAA to restore Mexico’s Category 1 safety rating status is close.
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NewsNigeria tops list as blocked airline funds rise nearly 50% in year
The airline industry has seen blocked funds rise by nearly 50% in the past 12 months, posing an increasing risk to connectivity, according to IATA.
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NewsSlots, manpower among challenges in Chinese airline international recovery: IATA
IATA has flagged issues relating to slots and manpower among the challenges confronting Mainland Chinese carriers on international recovery.
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NewsRiyadh Air unveils first of two liveries
Ambitious Saudi Arabian start-up Riyadh Air has unveiled the first of two liveries it will deploy as preparations continue for its launch of flights in 2025.
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NewsAmerican Airlines’ pilot union APA rejects potential merger with ALPA
The board of directors of the Allied Pilots Association (APA), the union representing flight deck crew at American Airlines, rejected a proposal to join the much larger and more-powerful Air Line Pilots Association, International (ALPA) union.
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NewsCrosswind during go-around pushed Hop E170 into A320’s take-off path
French investigators have detailed a serious airprox incident which occurred at Paris Charles de Gaulle when an Embraer 170, executing a go-around, drifted into the climb path of an Airbus A320 departing simultaneously from the parallel adjacent runway. While descending to runway 26L on 21 October 2020 – during a ...
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NewsAvia Solutions expands fleet by acquiring Slovakian carrier AirExplore
Slovakian wet-lease and charter carrier AirExplore is to become part of the Avia Solutions Group portfolio of operators, under an acquisition agreement. AirExplore operators a fleet of 10 Boeing 737-800s, of which two are freighter aircraft. The carrier is based in Bratislava, and has its own in-house maintenance operation for ...
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NewsBA fined $1m but rejects US accusations over pandemic refunds
British Airways is being fined more than $1 million under a compromise arrangement after US regulators accused the UK carrier of failing to refund passengers quickly enough for flights cancelled during the pandemic. Over 1,200 customers have complained to the US Department of Transportation since 1 March 2020, when the ...
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NewsWizz and Frontier backer Indigo invests in US sustainable-fuel start-up
US private equity firm Indigo Partners is among the participants in a consortium investing $50 million in a start-up company concentrating on sustainable aviation fuel production. The company, CleanJoule, is based in Salt Lake City and says it is working to develop a “breakthrough technology” to offer “superior and cost-effective” ...
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NewsAerolineas Argentinas to launch flights to USA from Aeroparque
Argentine flag carrier Aerolineas Argentinas will begin operating flights to the USA from Aeroparque Jorge Newbery – the first intercontinental connections to depart from Buenos Aires’ downtown airport, rather than the much larger Ezeiza Ministro Pistorini International airport on the outskirts of the city.
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NewsJetBlue agrees to give Spirit’s LaGuardia assets to Frontier
As part of its bid to acquire Spirit Airlines, New York-based JetBlue Airways has entered a divestiture agreement to give Spirit’s gates and slots at New York’s LaGuardia airport to rival ultra-low cost carrier Frontier Airlines.
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NewsDomestic air travel recovered from Covid and international catching up, says IATA
Domestic air travel demand has “fully recovered” from the Covid-19 crisis, according to IATA, with overall global traffic now less than 10% down on 2019 levels as international markets catch up.