News from FlightGlobal – Page 272
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LATAM loses $692m in Q3, sees capacity hitting 65% by year-end
LATAM Airlines Group posted a third-quarter loss but says increased vaccination rates, fewer travel restrictions and pent-up demand will propel capacity to 65% of pre-pandemic levels by year-end.
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DHL starts transferring UK 757 freighter fleet to new Austrian cargo airline
Cargo specialist DHL Express is to establish a new airline in Austria which will operate a fleet of 18 Boeing 757 freighters. The airline, to be known as DHL Air Austria, will be based at Vienna and focus on European cargo flights, employing some 176 pilots. DHL commenced discussions with ...
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Norway’s Wideroe pushes for eVTOL operations in Scandinavia with Eve
Norwegian regional carrier Wideroe and Embraer urban air mobility spin-out Eve are to collaborate on the potential operation of electric vertical take-off and landing (eVTOL) aircraft in Scandinavia.
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IAG and Southwest to snap up sustainable fuel output from new Mississippi plant
IAG carriers and US budget operator Southwest Airlines have agreed to purchase the entire production of sustainable fuel, over the course of several years, from a planned US biorefinery project in Mississippi. Sustainable fuels technology specialist Velocys Renewables says it has entered a memorandum of understanding – which it aims ...
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Emirates recovering but has ‘some way to go’ to restore profits: chairman
Middle Eastern carrier Emirates has turned in a first-half loss of Dhs5.8 billion ($1.6 billion), halving the deficit from the previous interim, but still contrasting sharply with the pre-crisis half-year profit of Dhs862 million. The Dubai-based airline’s revenues in the six months to 30 September 2021 reached Dhs21.7 billion. EBITDA ...
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Cebu Pacific narrows Q3 losses as revenue jumps 62%
Cebu Pacific Air cut its third-quarter operating losses slightly on the back of a significant increase in revenue, though hefty foreign exchange losses widened the carrier’s net loss.
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Gol reports wider Q3 loss, prepare to resume international flights
Gol reported a net loss of R$2.5 billion ($455 million) in the third quarter of 2021, but says that higher vaccination rates and the opening of borders across the hemisphere will boost travel in the coming busy summer holiday season.
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Royal Air Maroc to open Tel Aviv services
Moroccan flag-carrier Royal Air Maroc is to open services from its main base at Casablanca to the Israeli hub at Tel Aviv. The service is the latest to emerge from the tightening of Arab-Israeli ties through a series of diplomatic recognition pacts reached last year. Moroccan and Israeli leadership, under ...
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Austrian cites low-cost competition as it outlines tourism-focused 2022 network
Austrian Airlines is planning to focus on leisure destinations in 2022, as it acknowledges likely strong competition from low-cost cost carriers at Vienna airport.
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Frankfurt airport operator raises outlook amid improving demand
Frankfurt Airport operator Fraport sees passenger numbers at Germany’s biggest hub reaching the upper end of its 20-25 million forecast for the full year after strong recovery in leisure travel during the third quarter.
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Finnair focuses on Japan in 2022 schedule as China uncertainty continues
Finnair has added Tokyo Haneda to its schedules for summer 2022, as it focuses on serving Japan amid uncertainties over the reopening of China to non-essential travel.
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Lessor World Star to take up to 20 converted 737-800s from IAI
Leasing firm World Star Aviation is to take up to 20 Boeing 737-800 converted freighters, which will be modified by Israel Aerospace Industries. The jets will be converted into cargo configuration at the Chinese-based facility Bedek Lingyun Aircraft Maintenance Engineering – known as Belinco – located in Yichang. IAI says ...
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ASL signs for fuel cell-powered ATR 72 freighter conversion with ZeroAvia
ASL Aviation Holdings has signed an agreement with advanced propulsion developer ZeroAvia for the conversion of ATR 72 freighters to hydrogen-electric power, the group’s second such modification pact.
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Asia-Pacific to lead air traffic growth through 2040: Boeing
Boeing sees the Asia-Pacific region leading demand for new aircraft in the 2020s and 2030s, forecasting that air traffic growth in the region will outpace both world air traffic growth and world gross domestic product (GDP) growth.
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Lessors in Saudia Airbus legal row denied access to executives’ phone data
Leasing companies engaged in a legal battle with Saudi Arabian flag-carrier Saudia over aircraft payments have been denied access to documents held on the mobile phones of two senior executives of the carrier, including chairman and former director general Saleh bin Nasser Al Jasser. The long-running case centres on the ...
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Italy’s ITA Airways seals codeshare with Air Europa
New Italian carrier ITA Airways has struck a codeshare deal with Spain’s Air Europa, as it continues to fill the gap left after Alitalia ceased flights last month.
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Taiwanese carriers swing back to profitability as revenues rise
Taiwan’s two largest carriers — China Airlines and EVA Air — were back in the black for the third quarter of the year, helped by a steady increase in revenue.
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Sydney Airport agrees to A$23.6 billion buyout
Sydney Airport has agreed to a A$23.6 billion ($17.4 billion) takeover offer from an investor consortium.
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VietJet confirms A330 fleet plans; first jet to be delivered in November
Vietnamese low-cost carrier VietJet Air has confirmed it will lease up to three Airbus A330s, as part of fleet development plans “to better meet travel demand” in the future.
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ANA, Virgin Orbit to use Japan as Asian base for 747 RocketOne launches
ANA Holdings plans to enter the space launch business through a tie up with Virgin Orbit, which has developed the capability to launch its LauncherOne rocket from a 747-400.