News from FlightGlobal – Page 194
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Malaysia Airlines picks A330neos for medium-haul fleet renewal
Malaysia Airlines is to acquire 20 Airbus A330neo widebodies as part of renewal plans for its medium-haul fleet.
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Thai Airways narrows Q2 losses as travel recovers
Thai Airways narrowed its second-quarter loss, as passenger travel demand soared with the reopening of borders.
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Asiana operating profit up; cargo yield jumps in second quarter
South Korea’s Asiana Airlines saw its second quarter operating profit more than double to KRW211 billion ($162 million) in the second quarter of its 2022 financial year.
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Qantas to grow domestic freighter fleet with six more A321P2Fs
Qantas has ordered six more Airbus A321 passenger-to-freighter (A321P2F) aircraft, amid what it calls a “step change” in domestic cargo demand.
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Akasa Air co-founder and key backer Jhunjhunwala dies
Indian billionaire and co-founder of start-up Akasa Air Rakesh Jhunjhunwala has died, days following the airline’s public launch.
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SAS secures $700m bridge financing for Chapter 11 restructuring
Scandinavian operator SAS has reached a bridge financing agreement for $700 million, as part of its restructuring programme, sourcing funds through Apollo Global Management. The debtor-in-possession credit agreement – plus the company’s own revenue streams – will be used to meet obligations as SAS continues its ‘SAS Forward’ re-organisation scheme ...
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Russian cargo veteran Isaikin withdraws from outsize specialist Volga-Dnepr
Russian outsize freight carrier Volga-Dnepr Airlines’ veteran founder, Alexei Isaikin, has withdrawn from the company’s shareholders. The carrier states that Isaikin, who has worked in the aviation sector for 45 years, is transferring control to the company’s management. Volga-Dnepr Airlines was founded in 1990 and carries out charter air cargo ...
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El Al to consider wet-leases and more 787s to address capacity shortfall
Israeli flag-carrier El Al is to explore the possibility of additional Boeing 787s from the second half of next year, once it completes introduction of its current fleet. The airline has 15 of the type – comprising 12 787-9s and three 787-8s – and it is expecting to receive one ...
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TUI 737 tail-strike pilot’s training interrupted by pandemic
UK investigators believe pandemic-related interruptions to a first officer’s flight training probably contributed to a Boeing 737-800 tail-strike incident on take-off from Manchester earlier this year. The first officer rotated the TUI Airways jet too rapidly on departure from runway 23R, causing the tail to contact the ground, and the ...
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Cebu Pacific trims quarterly loss amid strong passenger revenue recovery
Cebu Pacific narrowed its second-quarter losses on the back of a four-fold jump in revenue, as passenger travel continues to recover.
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Dominican Republic’s AraJet begins selling tickets for a 15 September launch
The Dominican Republic’s new low-cost carrier AraJet has begun selling tickets for a projected 15 September launch.
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Azul reports record Q2 revenue as cargo, corporate demand rise
Brazil’s Azul has posted record second-quarter revenue as it profited from increased demand for corporate travel and freighter services.
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Younger workers hardest hit as EU air transport labour force at record low in first quarter
Air transport workers employed within the European Union hit a record low in the first quarter of 2022 amid the continuing impact of the global pandemic on air travel demand, figures published by Eurostat show.
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Turkish Airlines boosts first half profits on strong passenger returns
A strong second quarter helped Turkish Airlines post an operating profit of $786 million for the first half of the year on a near doubling in revenues compared with the same period last year.
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Chinese carriers resume London flights after UK, China lift pandemic ban
China’s three largest carriers are to resume direct scheduled flights between the UK and China, following the easing of an operational ban imposed at the height of the coronavirus pandemic.
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Cathay ‘very likely’ to be profitable in second-half of 2022: HSBC report
A HSBC Global Research report believes profitability is imminent for Hong Kong-based Cathay Pacific, as the city looks set to continue easing onerous pandemic restrictions.
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El Al works to restore activity levels as recovery gains traction
Israeli carrier El Al made a pre-tax loss of $90 million for the first half of the year, although a tax gain pushed the airline into a net profit of $34 million. The airline generated revenues of nearly $799 million over the six months to 30 June. El Al says ...
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Airbus operational single-aisle fleet passes 10,000
Airbus A220s have helped lift the airframer’s total global operational single-aisle fleet into five figures, according to the company’s latest backlog data. Its official single-aisle fleet total passed the 10,000 mark in July 2022. Almost three-quarters of these aircraft – some 7,466 – were older A320-family jets, including just over ...
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Emirates rolls out cabin refresh in $2 billion soft product upgrade
Emirates is to embark on an “extensive and record-breaking” aircraft interior refurbishment, as part of a $2 billion investment into improving its inflight cabin experience.
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Siberia’s KrasAvia to acquire LMS-901 fleet for regional connectivity
Siberian operator KrasAvia has entered a provisional agreement to acquire 10 UZGA LMS-901 multi-purpose aircraft. Deliveries of the Russian-built, single-engined high-wing type will commence in 2025 and run to 2029. KrasAvia says it will become “one of the first customers” for the new aircraft in Russia as a result of ...