News from FlightGlobal – Page 263
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NewsCathay chief Augustus Tang steps down
Cathay Pacific chief executive Augustus Tang will be leaving the airline after more than three years at its helm, with current commercial chief Ronald Lam appointed to lead the carrier.
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NewsCDB Aviation places six A320neos with Air India
CDB Aviation has signed lease agreements for six Airbus A320neo aircraft with Air India, as part of efforts to grow its presence in what it calls an “increasingly important market”.
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NewsRepublic Airways cuts 31 Embraer E175s from orderbook
Embraer has stripped 31 E175s from its backlog after US regional carrier Republic Airways apparently cancelled the orders.
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NewsColombian regulators reject Avianca-Viva Air tie up
Colombia’s aviation regulator has rejected a tie-up between Avianca and financially strapped low-cost carrier Viva Air.
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NewsIsraeli state takes Israir convertible bonds in exchange for financial aid
Israel’s government is to provide financial assistance to operator Israir Group in exchange for convertible bonds. The ministry of finance has agreed to provide 33 million shekels ($9.4 million) to the company’s aviation and tourism division. It will provide the funding in US dollars, and receive convertible bonds as collateral ...
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NewsEmirates places order for five new 777Fs
Emirates has placed a firm order for five Boeing 777Fs in a deal worth over $1.7 billion at list prices.
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NewsRegulatory constraints crimp SIA’s capacity growth in some markets
Singapore Airlines (SIA) wants to continue adding capacity on its path to rebuild its network, but faces regulatory constraints for resuming services to some countries.
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NewsAir France-KLM repays €1bn of state loan early after strong results
Air France-KLM Group has repaid early part of the outstanding state-backed loan granted to support the company during the pandemic.
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NewsIndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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NewsPessimism over inflation risk to Ryanair’s business ‘exaggerated’: O’Leary
Ryanair chief executive Michael O’Leary insists that concerns over rising inflation and recession on its business have been “greatly exaggerated”. O’Leary shrugged off pessimistic forecasts as the budget carrier group unveiled strong second quarter net profits of €1.2 billion. “As the lowest-cost producer in Europe, we expect to grow strongly ...
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NewsRyanair to retrofit scimitar winglets on 737-800 fleet to cut fuel-burn
Budget carrier Ryanair is to retrofit scimitar winglets across more than 400 Boeing 737-800s in its fleet, in order to trim fuel consumption. The retrofit programme will commence during the winter season, the airline states, and represent an investment of more than $200 million. Scimitar winglets are an evolution of ...
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NewsSIA attributes strong results to early investment in capacity
Singapore Airlines (SIA) partially attributes recent strong financial results to its injection of capacity prior to the emergence of pent-up demand in 2022 as the region’s travel restrictions eased.
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NewsFatalities as Precision ATR lands short and sinks in Lake Victoria
Tanzanian carrier Precision Air believes at least 19 fatalities resulted from an ATR 42-500 accident at Bukoba during which the turboprop came to rest submerged in Lake Victoria. The aircraft – identified by the airline as 5H-PWF – had been operating a service, PW494, from Dar es Salaam. Precision Air ...
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NewsIsrair unifying its fleet around A320s after agreeing to sell ATR 72s
Israeli leisure operator Israir has tentatively agreed to sell its pair of ATR 72-500 turboprops, in order to simplify its fleet. Israir intends to unify its fleet based on Airbus A320s. It has six A320s – two owned and four dry-leased – and intends to add a seventh in the ...
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NewsScotland’s Loganair takes more ATRs to replace Saab 340 fleet
Scottish carrier Loganair is to modernise its fleet, phasing out Saab 340B turboprops in favour of additional ATRs. It will introduce eight ATRs for next summer, while shedding its remaining eight 34-seat Saabs by July. The carrier says the Saabs will be replaced with 48-seat ATR 42s. Loganair states that ...
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NewsPorter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...
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NewsKenya Airways insists ‘unlawful’ pilot strike will undo efforts to bring down costs
Kenya Airways estimates that a strike by its pilots set to start on 5 November will cost around KSh300 million ($2.5 million) a day. The airline has condemned the industrial action by the Kenya Airline Pilots Association, describing it as “unlawful”. “This unfortunate action may affect both our passengers, who ...
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NewsIndiGo finalising wet-lease deal to offset aircraft delivery delays
Indian low-cost carrier IndiGo is close to securing wet-lease capacity as global supply-chain challenges weigh on aircraft deliveries.