News from FlightGlobal – Page 118
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NewsGlobalX plans to add four more jets and fly 20-strong A320 fleet this summer
Charter carrier Global Crossing Airlines has received approval from US aviation authorities to grow its fleet to 20 Airbus A320-family aircraft from its current maximum of 16 jets.
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NewsSurging passenger revenue helps Turkish Airlines continue strong profit run
Turkish Airlines continued its strong profit run since the pandemic, as double-digit increases in passengers and revenue pushed it to a full-year 2023 operating profit of almost $2.9 billion.
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NewsVirgin Atlantic ‘on course’ for profit return in 2024 after narrowing full-year loss
Virgin Atlantic chief executive Shai Weiss sees the UK carrier returning to profit this year after narrowing its pre-tax loss before exceptional items to £139 million ($175 million) in 2023.
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NewsUnsecured creditors dismayed at proposed IAero asset sale
Unsecured creditors are objecting strongly to the proposed sale of US charter carrier IAero Airways’ assets, including nearly 30 aircraft, to an entity linked with Eastern Airlines.
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NewsRyanair hits revised passenger target for 2023-24 financial year
Ryanair booked 183.7 million passengers in its financial year ending 31 March 2024, in line with guidance it revised downwards after delays last year in deliveries of Boeing 737 Max jets.
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NewsCebu Pacific signs A330neo sale-and-leaseback deal with Avolon
Cebu Pacific has entered into a sale-and-leaseback transaction with lessor Avolon for four new Airbus A330neos.
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NewsKazakh regulator grants separate AOC to Air Astana budget carrier FlyArystan
Kazakh carrier Air Astana’s budget airline spin-off, FlyArystan, has secured its own air operator’s certificate, five years after it emerged.
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NewsVietnamese regulators flag aircraft shortage issue among local carriers
The Civil Aviation Authority of Vietnam (CAAV) has flagged a shortage of aircraft among local carriers, becoming the second regulator in as many days to highlight the issue.
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NewsGaruda reveals domestic focus as it eyes ‘small wins’ following profitable 2023
Garuda Indonesia will focus on its domestic operations – and be “selective” on international expansion – as it continues to grow its fleet this year.
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NewsWestJet Encore pilots threaten strike that could disrupt regional flights
The union representing WestJet Encore pilots has voted to authorise a strike that could potentially disrupt the Canadian regional airline’s passenger flights later this month.
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NewsPSA Airlines opens maintenance base in Dallas-Forth Worth
American Airlines’ regional subsidiary PSA Airlines opened on 1 April a maintenance base at Dallas-Fort Worth International airport, the carrier’s ninth such base in the USA.
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NewsLessors convince UK judge to reject Russian jurisdiction over aircraft reinsurance case
Lessors and other financial entities engaged in a legal reinsurance battle over aircraft seized in Russia have obtained a UK ruling rejecting attempts to impose Russian jurisdiction over the case. The judge overseeing the case in the High Court’s commercial division, Andrew Henshaw, has refused a stay of the English-law ...
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
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NewsAvion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
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NewsSpiceJet to boost Dash 8 fleet following lessor settlements
SpiceJet will fully own its six De Havilland Canada Dash 8-400 turboprops formerly leased from Nordic Aviation Capital (NAC), as part of a settlement with the lessor, the latest in a string of resolutions.
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NewsKorean firms up order for 33 A350s
Korean Air has firmed up an order for 27 Airbus A350-1000s and six -900s, as it looks to recapitalise its widebody fleet.
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NewsMalaysian regulator says aircraft shortage ‘pressing issue’ as full recovery looms
The Malaysian Aviation Commission (MAVCOM) has identified aircraft delivery delays as a “pressing issue” for the country’s airline sector, as passenger traffic moves closer to a full post-pandemic recovery this year.
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NewsPAL sees strong financial, traffic rebound in 2023
Philippine Airlines enjoyed a strong rebound in 2023, as it relaunched routes and made investments in its future fleet.