News from FlightGlobal – Page 185
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NewsKorean Air reports ‘moderate’ Q2 profit amid declining cargo market
Korean Air boosted its overall revenue in the second quarter of this year but saw its operating profit fall, as the strong recovery of passenger demand was offset by higher costs and a significantly weaker freight market.
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NewsCanary Islands start-up Surcar aims to use hydrogen-electric Twin Otters
Canary Islands floatplane start-up Surcar Airlines is intending to use hydrogen-electric engines on De Havilland Twin Otter aircraft. The company plans to introduce aircraft retrofitted with the ZA600 powertrain developed by propulsion specialist ZeroAvia. Surcar Airlines is looking to offer inter-island services and sightseeing tours. It will initially use conventionally-powered ...
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NewsEtihad Airways unveils new route to US gateway
Middle Eastern carrier Etihad Airways is to open another US route, with services to Boston from spring next year. The Abu Dhabi-based carrier says the connection will take the number of US cities it serves to four. Etihad already operates to New York, Chicago and Washington, and also flies to ...
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NewsGaruda swings to half-year operating loss of $110 million
Indonesian carrier Garuda swung to operating loss of $110 million in the first six months of 2023, despite a surge in revenue.
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NewsIsrael’s El Al receives long-deferred final 787-8
Israeli flag-carrier El Al has finally taken delivery of the last Boeing 787 from its original order, bringing its fleet of the twinjets to 16. The aircraft is s 787-8 variant (4X-ERD) and arrived in Tel Aviv from Seattle on 31 July. It was subsequently put into operation on routes ...
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NewsJAL rebounds to first quarter profit as passenger revenues surge
Japan Airlines Group swung back to profitability in its fiscal first quarter, amid an uptick in passenger revenues past pre-pandemic levels.
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NewsFrontier navigates weather, ATC issues and long-haul competition to Q2 profit
Frontier Airlines on 1 August reports a $71 million second-quarter profit amid competition from international long-haul flights and ongoing operational difficulties.
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NewsJetBlue posts profitable Q2 amid operational struggles, breakup with American
US low-cost carrier JetBlue Airways reports a second-quarter profit of $138 million – compared with a $188 million loss last year – while the carrier struggles operationally and works to unwind its alliance with American Airlines.
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NewsJetBlue’s operational struggles in Northeast contribute to gloomy Q3 revenue outlook
Flight disruptions related to summertime thunderstorms and air traffic control worker shortages at major airports in the Northeast USA have been “much, much worse” than anticipated by JetBlue Airways.
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NewsIsrair Group agrees six-month extension to Smartwings negotiations
Israeli operator Israir Group has agreed a six-month extension to the deadline for completing negotiations over its proposed acquisition of Czech carrier Smartwings. Israir Group says the 180-day extension – which commences on 4 August – has been agreed with Smartwings shareholders. The negotiations between the parties concern particular aspects ...
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NewsShimmy dampers examined after Red Air MD-82 gear collapse
US investigators have been scrutinising shimmy damper mechanisms from a Red Air Boeing MD-82 which suffered a main landing-gear collapse and runway excursion after touching down at Miami. The aircraft – arriving from Santo Domingo on 21 June last year – touched down on runway 09 but, some 1,300ft into ...
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NewsAkasa clears international flight threshold after taking Asia’s first Max 8-200
Ambitious Indian low-cost carrier Akasa Air has become the first Asia-Pacific operator to take delivery of a higher-density 737 Max.
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NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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NewsLosses spur Air Belgium to seek capital injection from new investor
Air Belgium has been holding discussions with a new investor after turning in a full-year loss of €44.6 million ($49 million), nearly four times deeper than the previous deficit. The airline’s auditor, Mazars, points out that cumulative losses have reached €91.6 million, and remarks that uncertainty exists which could present ...
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NewsUS DOT suspends review of Allegiant-Viva Aerobus joint venture
The US Department of Transportation (DOT) has suspended its review of a joint venture between ultra low-cost carrier (ULCC) Allegiant Air and Mexico’s Viva Aerobus, putting a wrench in the carriers’ already-delayed plans for expansion in each others’ home markets.
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NewsCanada Jetlines takes delivery of third Airbus A320, plans 15-strong fleet
North American ultra-low-cost carrier Canada Jetlines has taken delivery of its third Airbus A320, which it hails as a “significant milestone” in its fleet-growth strategy.
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NewsUS lessor Azorra finds avenue to widebodies with absorption of struggling Voyager
US-based lessor Azorra Aviation is to acquire the leasing firm Voyager Aviation Holdings through a $743.5 million agreement which involves Voyager’s filing for US Chapter 11 bankruptcy protection. Azorra, which has its headquarters in Fort Lauderdale, will acquire substantially all of Voyager’s assets. The Voyager portfolio includes a fleet of ...
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NewsCroatia Airlines edges into first-half profit as fuel costs fall
Croatia Airlines’ passenger numbers over the first half of the year were still nearly 20% down on the pre-crisis level, but the carrier has claimed a net profit for the period. The operator states that it transported 773,000 passengers over the six months to 30 June – up by nearly ...
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NewsJet Airways revival back on track with AOC renewal
India’s Directorate General of Civil Aviation (DGCA) has renewed the air operator certificate of grounded Jet Airways, following months of uncertainty over the airline’s revival.
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NewsAzerbaijan Airlines to merge operations with budget arm Buta
Azerbaijan Airlines is to merge its operations with its subsidiary operator Buta Airways, and unify them under the main carrier’s AZAL brand. Buta Airways was established as a low-cost division in late 2016 and has been serving a network comprising several destinations in Russia, as well as Turkey and the ...