News from FlightGlobal – Page 220
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NewsCopa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
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NewsAviation will heavily rely on carbon credits to hit EU ‘Fit for 55’ emissions target
Aviation is able to meet the European Union’s target to significantly reduce CO2 emissions by 2030, but only through a heavy reliance on market-based measures (MBMs) that will contribute to billions of euros in extra costs, according to the region’s network manager Eurocontrol.
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NewsWet-leases keep SkyUp flying despite Ukrainian conflict
Ukrainian carrier SkyUp Airlines is continuing efforts to maintain whatever operations it can manage under the pressures of the country’s armed conflict. The airline says it carried out 38 wet-lease services and 19 charter and humanitarian flights during April. SkyUp transported nearly 6,000 passengers during the month, it adds, delivering ...
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NewsScoot chief to take the helm of Air India
Scoot chief executive Campbell Wilson is to step down from the SIA Group low-cost unit in mid-June to head newly-privatised Air India.
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NewsDAE starts filing insurance claims after writing off unretrieved aircraft in Russia
Middle Eastern lessor Dubai Aerospace Enterprise has started filing a series of insurance claims over aircraft abandoned to Russian operators. The lessor has disclosed an asset write-off amounting to $576.5 million for the first quarter, as a result of seizure of aircraft by the Russian government in response to air ...
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NewsChina Eastern to raise CNY15 billion to fund delivery of 38 new jets
China Eastern Airlines intends to raise up to CNY15 billion ($2.2 billion), with the bulk of funds going towards the delivery of 38 new aircraft.
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NewsCathay to reduce cash burn as Hong Kong eases travel curbs
Cathay Pacific expects to cut its monthly cash burn significantly over the next few months, as Hong Kong gradually eases onerous travel restrictions.
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NewsTibet Airlines A319 in catastrophic runway excursion at Chongqing
A Tibet Airlines Airbus A319 has suffered major damage in a runway excursion at China’s Chongqing Jiangbei International airport.
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NewsCopa posts $20m profit in first quarter, warns of high jet fuel prices
Copa Holdings, the parent of Panama’s Copa Airlines, says the first quarter of 2022 was profitable, but higher jet fuel prices will weigh on earnings during the next few months.
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NewsSpirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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NewsLATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
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NewsHawaiian invests in Regent seagliders
Hawaiian Airlines has made a strategic investment in all-electric seaglider developer Regent, viewing the company’s in-development craft as having potential to operate inter-island routes.
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NewsAvianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
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NewsEuropean safety regulators to drop face-mask rules from 16 May
European authorities have formally dropped the recommendation to wear face masks on board aircraft, and within airports, as part of a revision of pandemic-related safety measures. Revision of the joint aviation health safety protocol from 16 May takes account of advances in vaccination rates against Covid-19 and the development of ...
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NewsTUI ends ‘two years of misery’ as summer revenue hits pre-Covid level
TUI Group expects its summer 2022 capacity to be close to “normalised 2019 summer levels” as demand returns in key markets, driving a return to full-year profitability.
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NewsIAG’s Vueling trims A321neo orders as Iberia takes more
Spanish budget carrier Vueling has trimmed another pair of Airbus A321neos from its single-aisle backlog. Vueling originally had 14 of the largest A320neo-family variant on order but has yet to take delivery of any. Over the past two months, Airbus’s backlog figures indicate, the airline has been removing A321neos orders ...
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NewsRoyal Air Maroc to enter Emirates codeshare pact
Royal Air Maroc has entered a codeshare agreement with Middle Eastern operator Emirates, intended to lift connections between Dubai and Casablanca. The two carriers will commence the codeshare at the end of May. Emirates will have access to 17 destinations in Morocco, other than Casablanca, along with 63 international cities ...
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NewsSingapore conditionally okays SIA-Malaysia Airlines partnership
Singapore’s competition watchdog has conditionally approved a wide-ranging commercial partnership between Singapore Airlines and Malaysia Airlines.
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NewsNigeria’s GIG Aviation to acquire two ATR 72 freighters
Lagos-based GIG Aviation is to acquire two ATR 72-500 freighters as part of plans to expand its logistics network in Africa. The company is the airline arm of Nigerian logistics firm GIG Group, and the turboprop acquisition represents its foray into air cargo operations, says ATR. ...
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NewsFrankfurt airport operator sees full year profits after improved first quarter
Frankfurt airport operator Fraport expects a group net profit for the full year as it sees passengers at the German hub reaching up to 65% of pre-crisis levels in 2022 and “dynamic” growth across its wider airport portfolio.