News from FlightGlobal – Page 170
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...
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NewsKenya Airways insists ‘unlawful’ pilot strike will undo efforts to bring down costs
Kenya Airways estimates that a strike by its pilots set to start on 5 November will cost around KSh300 million ($2.5 million) a day. The airline has condemned the industrial action by the Kenya Airline Pilots Association, describing it as “unlawful”. “This unfortunate action may affect both our passengers, who ...
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NewsIndiGo finalising wet-lease deal to offset aircraft delivery delays
Indian low-cost carrier IndiGo is close to securing wet-lease capacity as global supply-chain challenges weigh on aircraft deliveries.
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NewsIndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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NewsSingapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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NewsEmbattled Flyr optimistic of positive earnings from mid-2023
Norwegian carrier Flyr is optimistic that its revised business plan will be sufficient to nurse the airline through the winter season, and that earnings margins will start to turn positive from June next year. Despite a strong summer market, Flyr turned in a third-quarter operating loss of NKr231 million ($22 ...
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NewsFlyr seeks NKr530m through share issues to relieve ‘very strained’ finances
Norwegian budget carrier Flyr is looking to reinforce its financial position with share placements which would potentially raise NKr530 million ($50 million). This scheme comprises a private placement for NKr430 million and a possible subsequent placement, for those unable to participate in the private issue, aimed at raising another NKr ...
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NewsPositive about prospects, Qantas acknowledges industry ‘far from post-Covid’
Australia’s Qantas has acknowledged that the airline sector is “far from post-Covid”, even as its leaders remain optimistic about near-term recovery prospects.
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NewsIsrael’s El Al repays $45m state loan
Israeli flag-carrier El Al has repaid a state loan of $45 million advanced to the carrier as part of a financial support package. The airline, which had indicated in September that it would be repaying the loan two years ahead of schedule, says the transaction was completed on 2 November. ...
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NewsKorean Air begins ‘intensive’ inspections of A330s following spate of safety incidents
Korean Air has started “intensive” inspections on its fleet of Airbus A330s, taking them out of service in phases, following two incidents involving the type within the span of a week.
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NewsGaruda swings to nine-month profit on revenue gains
Garuda Indonesia rebounded to the black in its nine-month earnings, helped by a 60% increase in revenue as international borders reopened.
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NewsAir New Zealand firms up programme for zero emissions aircraft
Air New Zealand has announced a programme to for a zero emissions aircraft, building on the carrier’s Product Requirements Document (PRD).
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NewsLATAM Airlines Group completes restructuring and exits Chapter 11
LATAM Airlines Group has completed its restructuring and has exited bankruptcy proceedings.
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NewsFrontier Airlines eyes expansion in Dallas
Frontier Airlines plans to open a new crew base at Dallas-Fort Worth International airport in mid-2023 that would employ up to 120 pilots and 220 flight attendants.
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NewsAtlas Air posts $60.1 million Q3 profit with acquisition looming
Third-quarter profits were down year-on-year for Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, as the airline grappled with “operational disruptions”.
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NewsGreater consideration of risks might have averted BA 787 nose-gear collapse
UK investigators believe a British Airways Boeing 787-8 nose-gear retraction accident at London Heathrow might have been prevented if health and safety risks in an airworthiness directive had been given greater attention by the operator. The accident occurred when a nose-gear locking pin was inserted in the wrong location on ...
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NewsRussian lessor GTLK renegotiates debts with several carriers
Four Russian carriers have renegotiated lease debts with the state lessor GTLK, in the wake of pressure from sanctions and the aftermath of the pandemic. IrAero and Azimuth, along with the regional operators SiLA and Aeroservis, have settled debts on “mutually beneficial terms”, says the lessor. It adds that the ...
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NewsTAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.