News from FlightGlobal – Page 218
-
NewsPhilippine Airlines parent swings to Q1 profit as post-restructuring recovery gathers pace
Philippine Airlines parent company PAL Holdings rebounded to profitability in the three months to 31 March, on the back of a dramatic rise in revenues following easing of travel restrictions in key markets around the world.
-
NewsNorthern Pacific Airways to wet-lease aircraft when it launches
Start-up US carrier Northern Pacific Airways, which intends to begin flights later this year, has applied with US authorities to fly between the USA and two Asian countries, initially using jets wet-leased from another carrier.
-
NewsAirline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
-
NewsSurf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
-
NewsKLM chief Elbers to lead Indian budget carrier IndiGo
Indian budget carrier Indigo Airlines has named KLM head Pieter Elbers as its new chief executive. The airline says Elbers will take up the position from 1 October, succeeding Ronojoy Dutta who is resigning from the carrier after nearly four years in charge. Elbers has served as chief of KLM ...
-
NewsSIA Group cuts full-year loss as border re-opening proves ‘game-changer’
Singapore Airlines Group significantly narrowed its full-year losses, as revenues double on the back of borders reopening.
-
NewsEl Al prepares for share issue and finalisation of loyalty loan
Israeli flag-carrier El Al is preparing for a share offering valued at around $62 million, as part of its effort to solidify its financial position. The airline is also finalising discussions with insurance firm Phoenix Group over a $130 million loan against its frequent-flyer programme, and expects to finish the ...
-
NewsCMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
-
NewsTurkish Airlines agrees to purchase six A350s
Turkish Airlines has disclosed that it intends to purchase six Airbus A350-900s, which will be delivered over the course of this year and next. The airline has not elaborated on the decision, which it confirmed to the Istanbul stock exchange. Turkish Airlines has 20 A350-900s on direct order of which ...
-
NewsThai carriers boost Q1 capacity but big operating losses persist
Thai Airways International, Bangkok Airways, and Thai AirAsia parent Asia Aviation all posted operating losses in the first quarter, even though Covid-19 travel restrictions have started to fall away.
-
NewsATR powers ahead with hybrid-electric Evo
Manufacturer kicks off feasibility studies for new hybrid-electric turboprop variant to deliver 20% fuel-burn saving, with new model to arrive before the end of the decade.
-
NewsRecovering El Al looks towards profitability next year
Israeli flag-carrier El Al is working to restore its operation to pre-crisis levels with the intention of shifting to profitability from the second half of 2023. It has posted a $66.3 million net loss for the first quarter of 2022, a 23% improvement on the previous year’s figure for the ...
-
NewsAsiana enjoys record Q1 operating profit amid cargo boom
Asiana Airlines swung to a record operating profit in the first quarter of 2022 as revenues jumped sharply on the back of a strong cargo market.
-
NewsChina Southern latest Chinese carrier to cut 737 Max from fleet outlook
China Southern Airlines has excluded the Boeing 737 Max aircraft from its near-term fleet forecasts, the latest in a string of Chinese carriers to do so, amid uncertainty over the type’s return to service in one of Boeing’s key markets.
-
NewsMalaysia Airlines, Qatar Airways beef up partnership with codeshare expansion
Malaysia Airlines and Qatar Airways have expanded their codesharing agreement, as the two carriers deepen their long-term partnership.
-
NewsFull border reopening dramatically lifts SIA Group’s April traffic
Singapore Airlines and its low-cost unit Scoot have seen a significant uptick in passenger numbers in April, on the back of a complete easing of travel curbs in Singapore and several parts of the world.
-
NewsUnited executive does not foresee changes to USA’s pilot-qualification rule
Comments made by a top US airline executive suggest efforts to ease flight-hour rules for new pilots might lack support from at least one major US carrier.
-
NewsJetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).
-
NewsWizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
-
NewsAerCap takes $2.7bn charge over aircraft and engines leased to Russia
Lessor AerCap has taken a pre-tax charge of $2.7 billion in write-offs and other impairments relating to the inability to retrieve 113 aircraft leased to Russian carriers. AerCap says it has recognised a “total loss” on assets that remain in Russia and Ukraine, and taken impairments on the assets it ...