News from FlightGlobal – Page 24
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NewsPSA Airlines opens maintenance base in Dallas-Forth Worth
American Airlines’ regional subsidiary PSA Airlines opened on 1 April a maintenance base at Dallas-Fort Worth International airport, the carrier’s ninth such base in the USA.
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NewsLessors convince UK judge to reject Russian jurisdiction over aircraft reinsurance case
Lessors and other financial entities engaged in a legal reinsurance battle over aircraft seized in Russia have obtained a UK ruling rejecting attempts to impose Russian jurisdiction over the case. The judge overseeing the case in the High Court’s commercial division, Andrew Henshaw, has refused a stay of the English-law ...
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
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NewsAvion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
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NewsSpiceJet to boost Dash 8 fleet following lessor settlements
SpiceJet will fully own its six De Havilland Canada Dash 8-400 turboprops formerly leased from Nordic Aviation Capital (NAC), as part of a settlement with the lessor, the latest in a string of resolutions.
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NewsKorean firms up order for 33 A350s
Korean Air has firmed up an order for 27 Airbus A350-1000s and six -900s, as it looks to recapitalise its widebody fleet.
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NewsMalaysian regulator says aircraft shortage ‘pressing issue’ as full recovery looms
The Malaysian Aviation Commission (MAVCOM) has identified aircraft delivery delays as a “pressing issue” for the country’s airline sector, as passenger traffic moves closer to a full post-pandemic recovery this year.
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NewsPAL sees strong financial, traffic rebound in 2023
Philippine Airlines enjoyed a strong rebound in 2023, as it relaunched routes and made investments in its future fleet.
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NewsUnited dangles unpaid time off to pilots amid Boeing delivery delays
With fewer new jets on the way than previously anticipated, United Airlines is offering unpaid time off to its pilots.
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NewsCargo 727 landing in South Sudan crashes into MD-82 wrecked in previous accident
All seven occupants of a Boeing 727 freighter have survived after the aircraft crashed into the wreckage of an aircraft which had itself suffered a landing accident two months ago.
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NewsSurf Air Mobility delays certification of electric powertrain for Grand Caravan
US regional aviation start-up Surf Air Mobility has pushed back its target date for certification of its in-development electric powertrain to 2027.
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NewsSpirit Airlines to receive $150-200m from P&W for geared turbofan troubles
Spirit Airlines has secured a compensation package from Pratt & Whitney (P&W) valued between $150 million and $200 million for the grounding of “nearly all” the PW1100G-powered Airbus A320neos in its fleet.
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NewsCanada Jetlines exploring ‘benefits and costs’ of trading on US stock exchange
Start-up carrier Canada Jetlines is exploring potential listing on the US stock exchange, executives revealed on 28 March.
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NewsAtlas Air adds second 777F for YunExpress flights between China and USA
US carrier Atlas Air and YunExpress are boosting cargo operations between China and the USA by adding a second Boeing 777-200 Freighter on a long-term charter agreement.
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NewsRegional start-up BermudAir plans to launch flights to Canada
Fresh off expanding its network on the East Coast of the USA, start-up regional carrier BermudAir has signalled its intention to launch flights to two eastern Canadian cities this summer.
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NewsNorse Atlantic rolls dice on Las Vegas as US expansion continues
Norse Atlantic Airways will add Las Vegas to its US map in September, amid a network shift to boost profitability.
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NewsLufthansa seals labour deal with ground staff
Lufthansa has struck a new labour deal covering ground staff represented by German trade union Verdi, ending a deadlock which had resulted in disuption to the carrier’s services earlier this yer.
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NewsAzul reports higher Q4 earnings as it taps into new markets and keeps costs low
Brazil’s Azul increased fourth quarter revenue and profit in 2023, as it tapped into new markets while keeping costs in check.