News from FlightGlobal – Page 157
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NewsJazeera cites yield pressure as third-quarter profits halve
Kuwaiti budget carrier Jazeera Airways’ net profit halved during the third quarter, to just under KD7 million ($22.7 million). The carrier’s revenues dipped slightly to KD61 million despite a 28% rise in passenger numbers to 1.38 million for the three months to 30 September. Jazeera expanded its fleet with the ...
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NewsGrounded MYAirline says four A320s remain with carrier
Grounded Malaysian carrier MYAirline says that just six of its 10 Airbus A320 aircraft have been de-registered, denying local reports that all the jets have been returned to lessors.
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NewsAir NZ to suspend Hobart, Seoul services owing to engine woes
Air New Zealand will suspend two international routes owing to expected availability issues with the Pratt & Whitney PW1100G and Rolls-Royce Trent 1000 engine.
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NewsCondor now selling Alaska Airlines flights through codeshare
Oneworld carrier Alaska Airlines and German leisure specialist Condor have expanded their codeshare agreement, allowing Condor to market and sell more than 70 routes throughout the USA.
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NewsFedEx encourages pilots to move to regional carrier PSA as cargo demand slumps
FedEx Express is encouraging pilots to move to regional passenger carrier PSA Airlines as direct-entry captains, with the opportunity to flow through to legacy American Airlines. The regional carrier is sweetening the deal with a $250,000 signing bonus.
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NewsBrazil’s Gol posts record third-quarter revenue on ‘strong and steady’ demand
Brazil’s Gol generated record revenue in the third quarter of 2023 as both leisure and corporate travel demand continued to strengthen.
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NewsCAA approves Virgin plans for transatlantic 100% SAF flight on 28 November
Virgin Atlantic has been granted approval by the UK Civil Aviation Authority (CAA) to perform a landmark transatlantic service using a Boeing 787-9 running on 100% sustainable aviation fuel (SAF).
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NewsUkraine’s Supernova plans all-cargo transatlantic services to US destinations
Ukrainian carrier Supernova Airlines is seeking to open widebody freighter services to US destinations, initially New York. The airline is affiliated with the e-commerce and logistics companies Nova Post and Nova Global, and has a pair of Antonov An-26s leased from United Arab Emirates-based Expedition Aviation. Nova Global says it ...
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NewsCollectors offered parts of BA 747-400 which carried BOAC heritage livery
Three years after British Airways withdrew its last Boeing 747s from service, the aircraft which bore the BOAC heritage livery is being dismantled and its parts offered to collectors. The aircraft (G-BYGC) was the first of three 747-400s, along with an Airbus A320, to be painted in retro schemes to ...
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NewsRyanair cautions over 737 Max deliveries as it sets out full-year profit forecast
Ryanair is expecting full-year net profit of up to €2.05 billion ($2.2 billion) despite higher fuel costs and uncertainties over Boeing 737 Max deliveries. The airline cautions that up to 10 of the 57 737s due for delivery before summer 2024 could be delayed until the winter season. “We are ...
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NewsGaruda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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NewsRoyal Jordanian confirms profitable third quarter while bracing for conflict impact
Royal Jordanian has disclosed that it achieved a JD27.5 million ($38.8 million) net profit for the third quarter, taking the profit at the nine-month mark to JD10.8 million. This performance contrasts with the corresponding net losses of JD861,000 and JD71.6 million during the previous year. Over the quarter the company ...
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NewsSAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...
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NewsMiddle East air transport recovery faster than expected: Boeing regional sales chief
Middle Eastern air transport activity has recovered more sharply than expected post-pandemic, Boeing’s sales chief for the region believes, with Saudi Arabia becoming a particular focal point. Boeing’s latest commercial market outlook shows demand for 3,025 aircraft in the Middle East over the next 20 years. This figure includes 1,350 ...
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NewsNorse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
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NewsUS government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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NewsIndiGo ramps up mitigation measures as GTF groundings grow
IndiGo is maintaining its full-year capacity guidance as it intensifies mitigation measures in response to news that more of its Pratt & Whitney geared turbofan (GTF)-powered aircraft will be grounded in the coming months.
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NewsKuwait Airways seeks profitability but near-term privatisation unlikely: chairman
Kuwait Airways’ new chairman is not expecting any near-term revival of plans to privatise the airline, indicating it will remain a government-owned operator. Potential privatisation has been a drawn-out saga, dating back more than 15 years. The initiative to sell a large shareholding would intermittently gain momentum, only to be ...
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NewsTitan A321neo lost windows in flight after thermal damage from high-power floodlights
Investigators believe intense heat from film floodlights concentrated on the exterior of an Airbus A321neo caused the aircraft’s windows to suffer thermal damage, before a number of window panes fell from the jet during a flight from London Stansted. The Titan Airways aircraft had been conducting a positioning service to ...
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NewsIndiGo overcomes seasonal weakness to report profitable second quarter
IndiGo recorded a positive result in its seasonally weakest July-September period for the first time in five years, extending its profitable run to four quarters