News from FlightGlobal – Page 171
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Monte adds to orderbook with CAeS conversion deal
Monte Aircraft Leasing has further increased its potential orderbook for low-emission aircraft, signing a letter of intent with the UK’s Cranfield Aerospace Solutions (CAeS) for 40 hydrogen-electric conversion kits for the Britten-Norman BN-2 Islander.
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Bullish Korean Air betters Q3 profit as passenger revenue soars
Korean Air saw a significant jump in its third-quarter operating profit, amid an upswing in passenger revenue following South Korea’s move to ease all Covid-19-related travel restrictions.
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Fuel-price pressure prolongs Royal Jordanian’s financial misery
Royal Jordanian Airlines edged into a third-quarter operating profit, with a surplus of JD5.3 million ($7.4 million), but net losses for the quarter and the nine-month period were worse than last year’s figures. The flag-carrier generated revenues of JD452 million for the nine months to 30 September – including JD363 ...
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Australia-South Korea flights get year-end capacity boost with Jetstar, Qantas entry
Australia’s Jetstar has commenced operations from Sydney to Seoul Incheon, the first in a series of newly-launched flights between Australia and South Korea.
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AirAsia India to merge with Air India Express by end-2023
Air India has kickstarted a review process that will ultimately result in the merger of low-cost carriers Air India Express and AirAsia India, after fully acquiring the latter operator.
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Air New Zealand takes first A321neo configured for domestic operations
Air New Zealand has taken delivery of its first Airbus A321neo for deployment on domestic services.
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Allegiant, hit hard by Hurricane Ian, reports third-quarter loss of $46.5m
Allegiant Travel Company, parent of Allegiant Air, reported a loss of $46.5 million in the third quarter as revenue – and costs – surged significantly.
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Virgin to support Heathrow on capacity peaks but cancelling flights ‘not an option’
Virgin Atlantic is hopeful “lessons have been learned” to avoid a repeat of this spring’s operational challenges at London Heathrow airport next summer.
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AirAsia exits India business with sale of shares to Tata Group’s Air India
AirAsia Aviation Group has sold its remaining shareholding of its Indian unit to Tata Sons-owned Air India, a move that likely paves the way for an eventual merger with Air India’s low-cost unit, Air India Express.
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Aeroitalia signs for three 737 Max 8s from Air Lease
Aeroitalia is to take three Boeing 737 Max 8 jets on long-term placements from Air Lease, as the Italian start-up carrier seeks to expand its operations in the coming years.
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Virgin Atlantic sees growth path ahead after debuting A330neo
Virgin Atlantic expects to be operating five more aircraft in summer 2023 than it did this year after launching services with its first Airbus A330neo.
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Ryanair reports October traffic up 14% on 2019, while Wizz sees 22% rise
Ryanair exceeded its pre-Covid passenger numbers by nearly 2 million in October this year, while rival Wizz Air reported traffic up by around 800,000 passengers on the same basis.
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SAS seals renegotiated fleet leases with more lessors
Scandinavian operator SAS has secured additional agreements with lessors to change the terms of lease contracts as part of its restructuring programme. SAS is operating under US Chapter 11 bankruptcy protection, and the court is overseeing progress with the carrier’s ‘SAS Forward’ re-organisation initiative. The restructuring crucially requires amendments to ...
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Wizz returns conflict-stranded Airbus to service and awaits return of others
Central European budget carrier Wizz Air has returned to service one of the four Airbus jets stranded in Ukraine as a result of the conflict. The rescued aircraft, an A320, was retrieved from the city of Lviv on 13 September, and flown to Katowice in Poland. Wizz says “no significant ...
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Wizz Air seeks to offset choppy currency impact as operations stabilise
Budget carrier Wizz Air has shifted towards euro-denominated lease contracts as part of a strategy to counter the effects of economic conditions. The airline has turned in a first-half operating loss of €63.8 million ($63 million) for the six months to 30 September. But a net foreign-exchange losses amounting to ...
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JAL narrows first-half operating loss on surging revenues
Japan Airlines (JAL) narrowed operating losses for the first half of its 2022 financial year to Y4 billion ($38.3 million) from Y142 billion a year earlier, as revenues surged amid a revival in air travel.
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US DOT grants Canada Jetlines permission to fly to USA
The US Department of Transportation (DOT) has tentatively granted Canadian discount airline Canada Jetlines a foreign air carrier permit, allowing it to operate routes to the United States.
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United pilots vote down tentative contract
Nearly 10,000 United Airlines pilots seeking higher pay rejected a tentative contract that would have given them a 14.5% pay raise over 18 months.
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Sun Country Airlines makes $10.7m profit despite Q3 headwinds
Sun Country Airlines posted a $10.7 million profit in the third quarter of 2022 despite higher operating costs and ongoing struggles to hire enough flight crews.
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Lufthansa reaches pay deal with cabin crew
Lufthansa has struck a pay deal with flight attendants through a collective agreement running until at least the end of next year.