News from FlightGlobal – Page 172
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NewsGovernment pays arrears and takes over fleet loan after Kenya Airways default
Kenya’s government has stepped in to pay Kenya Airways debts after the airline defaulted on a loan agreement for aircraft and engine acquisitions. The government is also set to take over the loan in the current 2022-23 fiscal year, according to the country’s treasury. In an annual public debt management ...
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NewsChina’s ‘Big Three’ plunge to steeper losses amid relentless Covid-19 battles
China’s three largest carriers were deeper in the red in their third-quarter earnings, as they were hit by a double whammy of the country’s long-drawn zero-infection strategy and rising fuel costs.
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NewsDelta Air Lines pilots vote to strike
An overwhelming majority of pilots at Delta Air Lines have voted to strike after they did not reach an agreement with the airline’s management on a new contract.
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NewsKuwait Airways looks to acquire freighters as fleet modernisation advances
Kuwait Airways is looking to take advantage of increasing cargo demand with the acquisition of dedicated freighters for its fleet. Speaking to FlightGlobal at the Arab Air Carriers Organization conference in Abu Dhabi, chief executive Maen Razouqi said he believed the airline could support up to five freighters. “We don’t ...
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NewsFinal flights scheduled as Doncaster Sheffield airport nears closure
Attempts to prevent the closure of the UK’s Doncaster Sheffield airport appear to have failed, with the final passenger service set to arrive from Hurghada on 4 November, and a positioning flight departing for Manchester just after midnight on 5 November. Leisure carrier TUI, the airport’s remaining based airline, will ...
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NewsCargojet posts C$83.4m Q3 profit, boosted by e-commerce boom
With global demand for e-commerce driving revenue growth, Canadian operator Cargojet reported a third-quarter profit of C$83.4 million ($61.2 million) on 31 October.
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NewsStrong summer lifts Jazeera past 2019 passenger levels over first nine months
Kuwaiti low-cost carrier Jazeera Airways lifted operating profits by 25% to KD16.1 million ($51.8 million) in the third quarter on a doubling of revenues.
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NewsArgentina’s new travel tax angers airlines
Airlines are blasting a new tax proposed by the Argentine government that will once again increase airfares.
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NewsFernandes steps down as acting head of AirAsia X
Tony Fernandes has resigned as acting head of low-cost operator AirAsia X to focus on his role at diversifying airline group Capital A.
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NewsViva A320neo low-fuel probe indicates less than 300kg in tanks on landing
Colombian investigators have disclosed that an Airbus A320neo landed with less than 300kg of fuel on board following two diversions on a service from Cali. The aircraft, operated by Viva Air, had departed Cali for the northern city of Riohacha on 17 October. This sector is some 530nm in length ...
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NewsANA swings to profitable first half on air travel recovery
ANA Holdings swung to an operating profit of Y31.4 billion ($212 million) in the first half of its 2022 financial year from an operating loss of Y116 billion a year earlier, with revenues jumping 83% to Y791 billion.
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NewsVietnam’s IPP Air Cargo axes launch plans
Vietnam’s IPP Air Cargo is abandoning its launch plans, apparently due to concerns about weakening demand for air cargo and an uncertain economic outlook.
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NewsUS orders 737 Classic spoiler sensor check to avert split-throttle risk
Operators of certain older ‘Classic’ Boeing 737 variants are being instructed to conduct tests to check for potential spoiler sensor failure, which could escape detection by the autothrottle computer. According to the US FAA, a review of system logic on the variants – from the 737-300 to the -500 – ...
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NewsRevenue surges but Air Canada loses C$508m in Q3
Air Canada’s revenue more than doubled compared with its third quarter of 2021 but the flag carrier still lost C$508 million ($373 million) in the three months ending 30 September.
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NewsStart-up Evia Aero outlines zero-emission ambitions
German start-up carrier Evia Aero believes it is launching into the market with a fleet of zero-emission aircraft at the optimum time, as it looks towards the start of operations in 2026.
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NewsAir France-KLM eyes TAP, Transavia and territories for growth as ITA deadline nears
Air France-KLM is studying consolidation opportunities in Europe and beyond as the exclusivity period for negotiations on an ITA Airways stake comes to an end, but also cites firm plans to expand within the limits of its current operations.
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NewsIAG sees full-year operating profit of €1.1bn after confirming strong third quarter
European airline group IAG expects to post an operating profit of €1.1 billion ($1.1 billion) before exceptionals for the full-year after confirming a strong third quarter in which all of its carriers were back in the black.
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NewsAir France-KLM operating profit tops €1bn in Q3 despite Schiphol challenges
Air France-KLM expressed confidence about the winter demand outlook as it reported an operating profit of €1.02 billion ($1.02 billion) for the third quarter of 2022.
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NewsFinnair chief warns of ‘long journey’ to restore company’s financial strength
Finnair Group has turned in its first quarterly comparable operating profit for nearly three years, although it still generated a net loss for the period. The company attributes the performance – a comparable operating result of €35.2 million ($35 million) in the quarter to 30 September – to “pent-up demand” ...
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NewsCompetition watchdog delays verdict again on Qantas’s Alliance buy
Australia’s competition regulator has delayed its findings - for the third time - on Qantas’ proposed acquisition of Alliance Aviation, prompting the national carrier to express “disappointment” at what it calls one of the “longest processes for informal clearance”.