News from FlightGlobal – Page 207
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NewsCourt grants approval for SAS’s equity-raise solicitation
Scandinavian carrier SAS has obtained court approval to commence solicitation procedures to raise equity as part of the airline’s ‘SAS Forward’ restructuring programme. The carrier, which is under US Chapter 11 protection, states that potential investors will have about 13 weeks to present final bids. “We will conduct a competitive ...
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NewsJeju Air, Jin Air enjoy profits in first three months of 2023
South Korean low-cost carrier Jeju Air narrowed its operating loss for the 2022 financial year, while rival Jin Air swung to an operating profit in its first quarter.
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NewsJapan’s Skymark Airlines turns profitable on ‘remarkable recovery’ in demand
Japanese operator Skymark Airlines rebounded to a full-year profit amid “remarkable recovery” in travel demand as Japan eased much of its pandemic curbs.
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NewsAsiana net loss widens on weaker Won, though operating profit grows
Asiana Airlines widened its first-quarter net loss on the back of foreign exchange losses, and despite improving on its operating profit as travel demand picked up.
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NewsAzul posts record first-quarter revenue amid a ‘robust, sustained revenue’ recovery
Brazil’s Azul sees “robust, sustained revenue performance” for the rest of the year with passengers travelling in greater numbers as the global Covid-19 pandemic is largely in the rear-view mirror.
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NewsUkraine’s SkyUp creates Maltese carrier to establish EU presence
Ukrainian carrier SkyUp Airlines has established a Maltese division, giving the operator a presence in the European Union. It has branded the division SkyUp MT and says it has obtained an air operator’s certificate as well as other regulatory certifications. SkyUp has transferred an initial aircraft, a 189-seat Boeing 737-800, ...
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NewsUK cargo start-up One Air hints at eventual migration to 777F
UK start-up cargo carrier One Air has disclosed that it could look to modernise with Boeing 777 freighters as its business develops. The operator is formally seeking to operate US routes, and has submitted a filing with the US Department of Transportation. One Air has newly secured an air operator’s ...
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NewsSpiceJet cargo unit set to secure $100m investment
Indian carrier SpiceJet has struck a preliminary deal for a $100 million investment into its recently spun out logistics unit SpiceXpress.
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NewsA380 wing-spar crack checks must take account time in storage
Inspections for cracks in the vicinity of Airbus A380 wing spars must take into account the amount of time the aircraft has been parked in storage, safety regulators have instructed. The European Union Aviation Safety Agency has updated its criteria for determining inspection intervals for the affected areas – specifically ...
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NewsPhilippine Airlines confirms intention to sell Dash 8 Q300s
Philippine Airlines (PAL) has confirmed plans to sell its fleet of De Havilland Dash 8 Q300s, and is looking at “newer generation” aircraft to replace them.
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NewsAvianca ditches Viva combination plan
Colombian airline Avianca has cancelled plans to combine with financially strapped ultra-low-cost carrier Viva Air, citing what it describes as onerous conditions required by Colombia’s aviation regulator.
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NewsAir Canada’s Q1 passenger revenue more than doubles
Air Canada achieved a first-quarter record revenue of C$4.9 billion ($3.6 billion), up 88% from the same period a year ago as travel demand boomed following the global pandemic.
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NewsAura Aero reveals final design for hybrid-electric ERA but delays service entry
French start-up Aura Aero has frozen the design of its 19-seat hybrid Electric Regional Aircraft (ERA) but has pushed back service entry by at least a year.
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NewsSAA merger set for competition green-light after Takatso shareholders agree divestment
Investors with interests related to South African operator Lift have agreed to divest their involvement in the Takatso consortium that is to take a controlling interest in South African Airways, clearing a path for competition authorities to approve the deal. South Africa’s Competition Commission says it is recommending the country’s ...
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NewsJazeera chief stays coy on fleet requirements for Saudi carrier
Kuwaiti budget carrier Jazeera Airways is expecting to have around 35 aircraft by 2025, with a number of them potentially allocated to its proposed Saudi Arabian joint venture. Speaking during a briefing earlier this month, chief executive Rohit Ramachandran referred to ‘Jazeera Saudi’ – a start-up in which the Kuwaiti ...
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NewsIndia on watch over failure to enact Go First lessor de-registration requests
A body that monitors countries’ compliance with the Cape Town Convention has placed India on a watchlist after lessor requests to de-register aircraft belonging to struggling local carrier Go First were not enacted prior to it entering insolvency proceedings.
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NewsAir India continues to build Delhi hub; New Zealand eyes China tourists
Air India continued has continued to flesh out its international network, with the addition of a non-stop service between Delhi and Amsterdam, while Air New Zealand highlights rebounding international capacity.
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NewsNorwegian claims success in limiting Q1 losses as it eyes strong summer
Norwegian is expecting one of its strongest-ever summer seasons after a first quarter during which it claims to have successfully limited losses.
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NewsLessor BOC Aviation to order more Airbus A320neo-family jets
Singapore-based lessor BOC Aviation has agreed to purchase seven Airbus A320neo-family jets, with deliveries commencing this year. The lessor has disclosed the agreement to the Hong Kong stock exchange. BOC Aviation already has 105 A320neos and 86 A321neos on direct order with Airbus, of which it has respectively received 57 ...
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NewsIraqi regulator confirms engine incidents behind A220 grounding
Iraq’s civil aviation regulator has clarified its measures to restrict Iraqi Airways Airbus A220 operations, citing engine damage to two airframes. The Iraq Civil Aviation Authority states that it took the decision to suspend A220 operations over a “sense of responsibility to preserve the safety of passengers and air traffic”. ...