News from FlightGlobal – Page 139
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SmartLynx lands Australian approval for A330 operations
Latvian wet-lease specialist SmartLynx has secured authorisation to conduct operations from Australia, where is intends initially to use Airbus A330s. The company says it has received an Australian foreign air transport operator certificate. SmartLynx says operating flights to Australia has been “integral” to its strategic effort to extend its network ...
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State funds to tackle historic debts as SAA covering operating costs
South African Airways (SAA) has flagged that it is now covering its operating costs after the country’s finance ministry set aside R1 billion ($55 million) to deal with a portion of its historic debts.
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British Airways chief upbeat on summer as recruitment drive set to tail off
British Airways chief executive Sean Doyle believes the UK carrier will have sufficient staff to meet demand this summer in contrast to the challenges the industry faced ramping up a year ago.
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IAG chief expects Spanish acquisition, with greater market ‘certainty’ supporting Air Europa deal
IAG group chief executive Luis Gallego sees “more certainty” in the market as providing greater hope that it can complete a deal for Air Europa after a previous acquisition attempt collapsed in late 2021.
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Spanish carriers lead IAG profit return in 2022
All four of IAG’s major airlines returned to the black in 2022, a year in which its Spanish carriers Iberia and Vueling came closest to matching pre-pandemic operating profitability.
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Bluebird 737 freighter destabilised by ballast shift during Paris approach
Investigators are probing an apparent ballast shift on board a Bluebird Nordic Boeing 737-400SF during its descent towards Paris Charles de Gaulle. The incident involving the Icelandic-registered freighter occurred on 10 February, according to French investigation authority BEA, which is citing preliminary information from its Icelandic counterpart. BEA says the ...
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Optimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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IAG agrees deal to acquire full control of Air Europa
Iberia parent IAG has agreed a deal with Air Europa owner Globalia to acquire the remaining 80% of the Spanish carrier in a transaction it expects to take 18 months to clear regulatory approvals.
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Bangkok Airways slashes full-year loss on Thai tourism recovery
Bangkok Airways narrowed its operating loss for 2022, as revenues doubled on the back of significant growth in passenger numbers.
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American’s Smith will succeed Parker as chairman of the board
American Airlines has named current board member Greg Smith as its new chairman, succeeding Doug Parker, who is retiring.
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Avelo targets three more underserved US airports for nonstop service
Discount start-up Avelo Airlines is planning a springtime expansion of its national network with three new destinations in Colorado, Texas and Virginia, bringing the total number of cities it serves to 35.
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Air Canada and United to offer more than 260 daily transborder flights from June
Star Alliance partners Air Canada and United Airlines are upping their offering between the USA and Canada during the upcoming Northern Hemisphere summer travel season.
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Omani government to permit Israeli overflights: ministry
Oman has become the latest Middle Eastern state to allow transit of Israeli aircraft, a decision which will enable a reduction in flight times for carriers operating Asian routes to and from Tel Aviv. The opening of Omani airspace follows several months of discussions between the two sides, and comes ...
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Qantas reveals ‘Project Sunrise’ premium cabin products
Qantas has unveiled first and business class cabin product concepts for its Airbus A350-1000s, which will operate the ultra-long-haul ‘Project Sunrise’ flights from Australia’s east coast to New York and London.
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Qantas picks up used jets amid delivery delays
Qantas Group is to add used and wet-leased narrowbodies over the next two years, as part of near-term measures to mitigate aircraft delivery delays while boosting capacity.
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Air NZ swings back to profitability on air travel recovery
Air New Zealand swung to a pre-tax profit of NZ$299 million ($185 million) in the first half of its 2023 financial year, riding a strong recovery in domestic and international air travel.
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‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.
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Volaris expects FAA’s Mexico safety upgrade in 'next six months’: CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration to restore the country’s “Category 1” safety status later this year.
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Lufthansa shuffles management as commercial chief takes group role
German carrier Lufthansa has named Heiko Reitz as it new chief commercial officer, with incumbent Stefan Kreuzpainter taking up a Lufthansa Group role with responsibility for network alliance and partner management.
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Flyr administrator pessimistic over creditors’ claims
Collapsed Norwegian carrier Flyr’s administrator believes there will be no funds available for non-priority creditor claims, once it has addressed those with greater precedence such as wage arrears. Flyr was placed in bankruptcy by an Oslo court on 1 February. Law firm Kvale held an initial creditor meeting on 16 ...