News from FlightGlobal – Page 128
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NewsFailed Flybe was ‘losing millions per month’, say administrators, as total deficiency tops £82m
Birmingham-headquartered Flybe was losing an average of up to £5 million ($6.1 million) during each month of its brief existence, the administrators of the collapsed UK regional carrier have disclosed.
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NewsEuropean SAF development ‘put back a decade’ by US IRA measures
Aviation stakeholders have urged the European Commission to consider improving its sustainable aviation fuel (SAF) incentives in light of the measures included US Inflation Reduction Act, which one airline chief executive described as a global “game-changer”.
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NewsScoot chief: ‘Business case’ for regional jets as network grows
Scoot chief executive Leslie Thng says the carrier has a good business case for regional aircraft, which will help it expand in the region.
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NewsRyanair's O'Leary rounds on regulators for failing to act on ATC strikes
Ryanair chief executive Michael O’Leary fears improved service reliability this summer from higher staffing levels across the airport ecosystem could be offset by the impact of air traffic control strikes and continued airspace restrictions because of the war in Ukraine.
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NewsHeart taps BAE Systems for ES-30 battery work
Sweden’s Heart Aerospace is to work with BAE Systems to define the battery system required for its ES-30 hybrid-electric aircraft.
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NewsHigh airfares ‘pose threat’ to aviation sector recovery: ACI
Trade body Airports Council International (ACI) warns that high airfares in the Asia-Pacific and Middle East affect the recovery prospets of both airlins and airports, noting that most airports are still in the red.
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NewsUnited Airlines invests $15m in carbon-capture company Svante
United Airlines is investing $15 million in carbon-capture technology firm Svante, which is researching how to convert carbon dioxide removed from the atmosphere into sustainable aviation fuel (SAF).
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NewsAAR picks up American 757s for spares
AAR Supply Chain is to acquire nine Boeing 757-200 passenger jets and their 18 Rolls-Royce RB211 engines from American Airlines to provide spare parts for freighter aircraft.
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NewsJet2 the only top five UK carrier to grow in 2022 versus 2019: CAA
Leisure operator Jet2 was the only top five UK-based airline to carry more passengers in 2022 than it did prior to the pandemic in 2019, according to data from the country’s Civil Aviation Authority (CAA). Passenger numbers at the UK’s two biggest airlines, EasyJet and British Airways, were down 36% ...
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NewsLufthansa CEO positive on ITA deal but says price must reflect €486 million loss
Lufthansa Group chief executive Carsten Spohr is confident a deal can be reached on taking an ITA Airways stake before an exclusivity period ends, but says the latter’s valuation must reflect its newly announced full-year loss.
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NewsBRA lends support to ZeroAvia’s Swedish hydrogen push
Swedish carrier Braathens Regional Airlines (BRA) is to supply turboprop aircraft to ZeroAvia for conversion to hydrogen fuel cell power as part of an agreement to develop zero-emission routes in the northeast of the country.
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NewsITA cites macroeconomic ‘deterioration’ as it posts €486 million net loss in 2022
ITA Airways blames high fuel costs and ongoing effects of the pandemic for its €486 million ($527 million) full-year net loss in 2022, noting that the result was “consistent” with its “start-up status” in a weak market.
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NewsUSA has ‘thrown down the gauntlet’ on SAF investment: European airline chiefs
The USA has “thrown down the gauntlet” when it comes to investments in sustainable aviation fuel (SAF) and Europe must act in kind, according to the chief executives of Europe’s largest airlines.
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News‘Time for excuses is over’ on European airspace reform: airline chiefs
The chief executives of Europe’s largest airlines have renewed calls for Europe’s airspace to be reformed, including through a new approach to financing air traffic management (ATM) services.
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NewsHK Express takes delivery of first A321neo
Hong Kong-based HK Express has taken delivery of its first Airbus A321neo, which sports the airline’s new livery.
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NewsChina Southern to list logistics unit
China Southern Airlines is set to spin off and list its logistics arm on the Shanghai stock exchange, as part of “business development” efforts amid dire financial results.
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NewsBreeze to connect underserved West Virginia airport to ‘at least’ five cities
US discounter Breeze Airways plans to boost air service to the underutilised West Virginia International Yeager airport in Charleston by connecting it to at least five cities over the next two years.
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NewsLoganair to expand Heathrow operations after leasing slots
UK regional carrier Loganair has reiterated its call for slots at London Heathrow airport to be made permanently available for domestic connectivity after announcing it will expand its fledgling operation at the congested hub by leasing more slots.
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NewsFormer Eurocontrol director general to join Ryanair’s board
Ryanair Holdings has appointed former Eurocontrol director general Eamonn Brennan and former Austrian MEP Elisabeth Kostinger to join its board from 1 April as non-executive directors.
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NewsAsia-Pacific travel demand ‘to moderate’ after year-end high: AAPA
The Association of Asia Pacific Airlines (AAPA) expects international travel demand to “moderate” following strong recovery seen at the end of 2022, where major markets such as Japan and China reopened their borders.