News from FlightGlobal – Page 12
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NewsCebu Pacific expects engine-related issues to completely clear in 2028
Cebu Pacific says it sees the ongoing engine reliability issues “fully flushing itself out” in 2028, as airline executives flagged supply chain woes as its “primary constraint” to growth.
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NewsVirgin Atlantic secures Heathrow slot-based financing for fleet investment
Virgin Atlantic is to support investment in its fleet through a $745 million financing against the UK carrier’s valuable slot portfolio at London Heathrow. The proceeds from the financing will be put towards improvements such as the refurbishment of its Boeing 787-9s – with new interiors from 2028 – and ...
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NewsAir India woes, ‘intensifying’ competition drag down Singapore Airlines earnings
Singapore Airlines Group saw its second-quarter net profit impacted by loss-making associate Air India, despite seeing an increase in its revenues from strong travel demand.
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NewsJazeera Airways founders plan to acquire entirety of budget carrier’s share capital
Kuwaiti budget carrier Jazeera Airways is the subject of a full takeover by its founding shareholders, through the Boodai Reliance Real Estate Company. Boodai Reliance is equally co-owned by entrepreneurs Marwan and Jassim Boodai. It holds a direct 6.84% stake in Jazeera Airways – just over 15 million shares – ...
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NewsWizz Air to have all-A321neo fleet from 2033 under revised expansion plan
Central European budget carrier Wizz Air’s revised Airbus delivery schedule means it will have an all-A321neo fleet from fiscal 2033. The airline states in a half-year briefing that, at this point, it will have a total of 379 aircraft, comprising 368 standard A321neos plus 11 long-range A321XLRs. Its fleet plan ...
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NewsPremium leisure carrier Beond unveils ambitious multi-AOC fleet-expansion strategy
Premium leisure carrier Beond is aiming to build a fleet of 56 aircraft, spread between multiple air operator’s certificates, by the end of the decade. Beond emerged towards the end of 2023, and uses a pair of Airbus A320-family jets mainly to connect the Maldives with such destinations as Dubai, ...
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NewsAvianca names Gabriel Oliva as president as CEO Frederico Pedreira plans to step down
Colombian carrier Avianca has named chief operating officer Gabriel Oliva as president, effective immediately, with current CEO Frederico Pedreira planning to step down at the end of February. Oliva retains his responsibilities as COO. The leadership transition comes as Abra Group embarks on a new growth phase, with ...
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NewsContinued aviation tax grab risks making air travel the ‘preserve of the rich’: Jet2 chief
Steve Heapy, chief executive of leisure carrier Jet2, has added his voice to those calling on the UK government to resist targeting aviation with tax rises in the forthcoming budget, warning that it risks making flying “the preserve of the rich and privileged”.
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NewsLong-serving Malaysia Aviation Group chief steps down
Izham Ismail joined Malaysia Airlines as a pilot in 1979, rising through the ranks to eventually lead the carrier in 2017.
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NewsJet2 to set up London Gatwick base and open nearly 30 leisure routes
UK budget carrier Jet2 is establishing a base at London Gatwick, aiming to use six aircraft from the station and open nearly 30 routes from summer next year. Jet2’s network from Gatwick will focus on Mediterranean leisure destinations, although its first service – from 26 March – will operate to ...
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NewsGradual return of foreign carriers begins to curb El Al profit performance
Israeli flag-carrier El Al has acknowledged the increasing return of foreign airlines to Tel Aviv over the third quarter, following the cessation of Gaza hostilities, but points out that they are still operating at “relatively low” volumes. El Al adds that this return is remaining “gradual” during the fourth quarter, ...
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NewsIndiGo signs codeshare partnership with China Southern as India-China flights restart
IndiGo has signed a memorandum of understanding to establish a codeshare agreement with China Southern Airlines, following the Indian low-cost carrier’s launch of direct flights to Mainland China.
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NewsAbra Group seeks approval to acquire Chilean carrier SKY Airline
Latin American airline company Abra Group has requested approval to incorporate Chilean low-cost carrier SKY Airline, while also signalling intention to retain SKY’s brand identity.
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NewsPeak-season fleet groundings frustrate Kazakhstan’s Air Astana
Kazakhstan’s Air Astana is irritated by the impact of unscheduled engine removals on its fleet during the peak season, which affected the differential between unit revenues and unit costs and more than halved net profit for the third quarter. Air Astana says 14 of the 19 unscheduled removals so far ...
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NewsEasyJet eyes A319 phase-out by 2030 as fleet replacement accelerates
EasyJet intends to have largely retired its fleet of elderly Airbus A319s by 2030 as the budget carrier’s refleeting programme accelerates.
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NewsEnlarged Heathrow would open door to low-cost airlines
Low-cost airlines will be welcome at Heathrow once the slot-constrained London airport gains its third runway, according to chief executive Thomas Woldbye.
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NewsTUI airline chief cites ‘significant improvements’ at Boeing
European leisure operator TUI is encouraged by better news on 737 Max deliveries from Boeing after a post-pandemic period marked by a frustrating lack of new metal.
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NewsBA chief reassures on transatlantic after negative market response to Q3 earnings
The chief executive of British Airways has stated that transatlantic yields and load factors are recovering in the fourth quarter after a tricky third quarter.
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NewsThai commercial chief highlights cabin comfort as A321neo arrival nears
Thai Airways International is expecting to introduce its first pair of Airbus A321neos before the end of this year, with the first scheduled to arrive in November. Chief commercial officer Kittiphong Sansomboon, speaking during an event in London on 7 November, said the twinjets would enhance the single-aisle fleet which ...
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NewsUS FAA grounds MD-11F fleets pending inspections in wake of Louisville crash
US regulators have ordered Boeing MD-11F operators to ground the aircraft in the wake of the UPS freighter crash at Louisville. The FAA has issued an emergency directive which “prohibits further flight” until the aircraft are inspected and any necessary corrective actions are carried out. It has taken the action ...