News from FlightGlobal – Page 110
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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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NewsArtificial intelligence engaged in effort to relieve pilots’ NOTAM burden
Artificial intelligence has been mobilised by a collective industry effort to address the long-running issue of NOTAM complexity, and lies at the heart of a model developed to simplify them. NOTAMs contain a variety of information for pilots, including essential safety-critical data. But cockpit representatives are dismayed over the sheer ...
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NewsChallenge Group lands investment package for 767 conversions
Maltese-based air freight and logistics specialist Challenge Group is receiving investment supporting its acquisition and cargo conversion of a batch of Boeing 767-300ERs. Investec Aviation Finance is providing just over €60 million ($64 million) for the purchase and modification of four 767s. Challenge Group operates carrier divisions in Israel – ...
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NewsMalaysia regional carrier SKS Airways commits to ten E195-E2s
Malaysian regional operator SKS Airways has committed to taking 10 Embraer E195-E2 regional jets from lessor Azorra, making it the type’s first operator in Southeast Asia.
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NewsVietjet eyes more A330s, hints at long-haul expansion
Vietjet has disclosed plans to take delivery of at least three more Airbus A330s, as part of a fleet and network ramp-up this year.
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NewsFAA awards $100m to 12 US airports for runway incursion mitigation projects
The Federal Aviation Administration has awarded more than $100 million to 12 airports accross the USA for projects that are designed to reduce runway incursions.
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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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NewsEU court rejects approval of Italian airline pandemic aid over absence of explanation
Approval of an Italian government provision of €130 million ($140 million) in pandemic support to certain carriers in the country has been struck down by the European Union’s General Court. The General Court has annulled a European Commission decision to approve the October 2020 subsidy, ruling that it failed to ...
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NewsEl Al 737 freighter introduction held up by regulatory hitch
Israel’s El Al is yet to introduce the Boeing 737-800 freighter it had been planning to use from April, owing to a regulatory issue. The airline signed an agreement in February this year to dry-lease the aircraft which had recently been converted from passenger to cargo configuration. But El Al ...
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NewsEl Al includes Airbus in request for single-aisle fleet-renewal proposals
Israeli flag-carrier El Al has included Airbus in a request for proposals to replace single-aisle aircraft from 2025, while incumbent Boeing as well as engine manufacturers have also been contacted for the campaign. El Al is looking to modernise its single-aisle fleet – currently exclusively comprising 24 Boeing 737-800s and ...
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NewsEmbraer upbeat on E2 prospects in reviving Asia-Pacific airline market
Embraer is increasingly optimistic about E-Jet sales in the competitive Asia-Pacific market, as it continues work on its possible turboprop offering.
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NewsMalaysia’s MYAirline eyes new routes, fleet growth
Malaysian low-cost start-up MYAirline is enjoying strong load factors as it contemplates new international routes and fleet growth.
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NewsAirAsia X to raise MYR50 million for fleet reactivation
AirAsia X is looking to raise up to MYR50 million ($10.9 million) through share placements, which it will use for the reactivation and maintenance of its fleet.
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NewsDelta names Michael Spanos as its new COO
Delta Air Lines has named Michael Spanos as its new chief operating officer, effective next month.
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NewsLufthansa Group to buy four ex-LATAM Airlines A350-900s
Lufthansa Group will purchase four ex-LATAM Airlines Airbus A350-900s and add them its fleet this year.
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NewsChina Airlines mulling ‘feasibility’ of Kaohsiung hub: president
China Airlines will study the “feasibility” of a second hub at the southern Taiwanese city of Kaohsiung, amid growing travel demand post-pandemic.
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NewsPortfolio sale to Macquarie slashes Kuwaiti lessor ALAFCO’s revenues
Kuwaiti lessor ALAFCO’s operating lease revenues dropped by two-thirds over the first half of the year, after its decision to sell a large quantity of its aircraft portfolio to Macquarie Airfinance Group. The lessor recorded revenues of just under KD17 million ($55 million) in the six months to 31 March, ...
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NewsQantas forecasts bumper annual profit amid strong travel demand
Qantas expects a record full-year profit on the back of “continued strong travel demand”, and as fuel costs and supply chain issues begin to moderate.
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NewsUS DOT fines LATAM $1m for delaying refunds for cancelled flights
The US Department of Transportation’s Office of Aviation Consumer Protection (OACP) has fined LATAM Airlines Group $1 million in civil penalties for dragging its feet on refunding customers for cancelled flights during the Covid-19 crisis.
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NewsDemise of Northeast Alliance puts JetBlue and American in tight spot: analysts
Analysts paint a grim picture of the situation JetBlue Airways and American Airlines find themselves in after a judge struck down their now-four-year collaboration in the Northeast USA, shortly before the airlines’ peak summer travel season begins.