News from FlightGlobal – Page 162
-
NewsALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition
Kuwaiti lessor ALAFCO is to convene a shareholder meeting to approve a substantial acquisition by asset management firm Macquarie AirFinance. ALAFCO states that its board discussed and reviewed, on 29 November, a proposal for the acquisition – valued at $2.215 billion – which includes sale of 53 aircraft from its ...
-
NewsMore oversight progress needed to lift Armenia blacklisting: Commission
European regulators believe Armenian authorities have made “limited progress” with improving safety oversight, but stress that more effort is needed to lift a blanket blacklisting of the country’s airlines. Newly-established carrier Fly Arna – a joint venture between Air Arabia and the Armenian National Interests Fund – commenced operations in ...
-
NewsSAS progresses with restructuring but full-year losses remain heavy
Scandinavian operator SAS is aiming to complete its court-supervised restructuring process in the second half of next year, as it releases its first full-year figures since entering US Chapter 11 protection. Its Chapter 11 process is intended to enable the airline to progress with its extensive ‘SAS Forward’ restructuring programme. ...
-
NewsIsrair details updated bid for Smartwings
Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...
-
NewsAsia-Pacific air travel rebound continues in October: AAPA
International air travel continued to recover in October, helped along by the easing of travel restrictions in key North Asian markets.
-
NewsKorean Air receives first A321neo, debuts new short-haul interiors
Korean Air has taken delivery of its first A321neo – marking its entry as the region’s newest A320 family operator – as it unveils new short-haul cabin products including full-flat seats in business class.
-
NewsFAA faces heat for letting Republic and SkyWest dispatchers work remote
Some US lawmakers are scrutinising the Federal Aviation Administration’s decision to let two regional airlines continue a Covid-19-era practice of allowing dispatchers to work remotely.
-
NewsAtlas Air shareholders approve acquisition by Apollo Global Management
US air cargo company Atlas Air Worldwide came closer to going private on 29 November as shareholders voted to approve a pending acquisition by an investor group led by Apollo Global Management.
-
NewsEasyJet positions to meet summer restoration of capacity
UK budget carrier EasyJet is taking steps to ensure it and suppliers have sufficient labour to meet a further pick-up in demand, as it aims to return to pre-pandemic capacity levels next summer.
-
NewsNorse Atlantic to open Paris-New York service next year
Norse Atlantic Airways is to open transatlantic services to New York JFK from Paris Charles de Gaulle next year. The airline states that the operation – which will be daily – will commence on 26 March. Norse Atlantic uses a fleet of Boeing 787s for its services. The airline’s route ...
-
NewsCapital A to divest airline units to AirAsia X as part of restructuring plan
Capital A has outlined plans to dispose of its airline interests to AirAsia X after seeking an extension from the Malaysian stock market to submit “a holistic regularisation” plan.
-
NewsSingapore Airlines agrees deal on Vistara merger with Air India
Singapore Airlines is to take a 25% stake in an enlarged Air India group after agreeing a deal with partner Tata Sons under which it will merge joint-venture operation Vistara with the Indian carrier.
-
NewsAir Corsica receives first ATR 72-600 with PW127XT engines
ATR has delivered the first ATR 72-600 twin-turboprop equipped with new Pratt & Whitney Canada PW127XT engines to Air Corsica, a milestone coming little more than a year since the update was unveiled.
-
NewsStrong summer quarter helps EasyJet cut full-year losses
Despite remaining in the red, EasyJet is pointing to a record earnings performance in the quarter ended 30 September, which helped to wipe £1 billion ($1.2 billion) off its full-year losses.
-
NewsNew Riyadh King Salman airport to absorb current King Khalid hub
Riyahd’s King Khalid international airport is to be absorbed into a larger complex which will be named after Saudi Arabia’s current ruler, King Salman. The airport will be expanded to accommodate up to 120 million annual passengers by 2030, according to a masterplan released by the sovereign Public Investment Fund, ...
-
NewsCroatia Airlines to operate up to 15 A220s as it places firm order
Croatia Airlines has formally ordered six Airbus A220-300, and aims to lease a further nine of the type. The carrier is intending to build a fleet of 15 of the twinjets under a modernisation programme. Airbus says the A220s will replace earlier-generation aircraft in the fleet. Croatia Airlines operates a ...
-
NewsEU to check whether regulatory revision can lift Nepalese blacklisting
European regulators are to carry out an on-site assessment of Nepalese air safety in order to determine whether revised oversight structures are sufficient to lift the Asian state off the European Commission blacklist. All Nepalese operators have been blacklisted for nearly a decade, following a series of fatal commuter turboprop ...
-
NewsCathay eyes new freighters, medium-haul aircraft
Cathay Pacific has confirmed it is in talks with airframers over potential orders for new medium-haul and cargo aircraft, as it continues to rebuild its operations after more than two years of depressed travel demand.
-
NewsUK competition watchdog ‘to consider’ revised Korean Air-Asiana merger plan
The UK’s Competition and Markets Authority (CMA) is considering approving a revised plan from Korean Air over its proposed acquisition of compatriot Asiana Airlines.
-
NewsOttawa International to receive C$4 million taxiway upgrade
The hub of Canada’s capital city, Ottawa International airport, is receiving a nearly C$4 million ($3 million) taxiway upgrade from Transport Canada’s airport infrastructure fund.