News from FlightGlobal – Page 290
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NewsCanadian DC-3 crash probe flags culture of skirting safety margins
Investigators believe a Canadian carrier’s operational culture, which prioritised mission completion over regulatory compliance, contributed to breaches of safety procedures and the crash of a modified Douglas DC-3 during an attempt to land at Sachigo Lake airport in Ontario. The inquiry highlights, in particular, the decision by the North Star ...
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NewsKorean Air operating profit powers ahead on strong revenue growth
Korean Air saw its operating profit in the second quarter of its 2022 financial year nearly quadruple to W736 billion ($569 million).
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NewsCanada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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NewsUK start-up Hans Airways introducing ex-Air Europa A330
UK start-up long-haul carrier Hans Airways has received its first Airbus A330-200, which arrived at Birmingham from Palma de Mallorca on 2 August. The twinjet is a General Electric CF6-powered aircraft, most recently operated by Spanish carrier Air Europa. Air Europa originally took delivery of the A330 in 2008. Hans ...
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NewsFalling revenue, more deliveries and a growing backlog for Embraer in second quarter
The Brazilian jet manufacturer turned a $74 million profit during the second three months of the year, with its commercial backlog reaching new heights for the pandemic era.
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NewsAtlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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NewsApollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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NewsAir Greenland A330-800 emerges from paintshop
The first pictures have been released of Air Greenland’s Airbus A330-800 in the carrier’s distinctive red livery, after it emerged from the paintshop. The Kangerlussuaq-based operator is set to take delivery of the Rolls-Royce Trent 7000-powered twinjet later this year as it replaces its ageing A330-200. Air Greenland A330-800 ...
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NewsBoom supersonic airliner compatible with sustainability strategy: United executive
Operating supersonic aircraft can be compatible with United Airlines’ efforts to reduce its environmental footprint and reach net-zero CO2 emissions, according to the carrier’s chief sustainability officer Lauren Riley. United last year agreed to purchase 15 of Boom’s supersonic Overture jets, drawing some criticism to an airline that is often ...
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NewsAirbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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NewsIndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
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NewsLufthansa Group reports Q2 profit despite disruption keeping airlines in red
Lufthansa Group achieved an operating profit of €393 million ($400 million) in the second quarter of this year and is “optimistic” for the full year, even as disruption-related costs kept its airlines unit in the red. The group’s cargo business was a standout performer for the three months to 30 ...
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NewsRussian government hands out subsidies to support beleaguered carriers and airports
Russia’s federal aviation regulator has outlined the scale of subsidies paid to support the country’s air transport industry following the introduction of international sanctions resulting from the Ukrainian conflict. Rosaviatsia is implementing four support schemes with a budget of over Rb125 billion ($2 billion). Thirty-two airlines have received a combined ...
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NewsPAL swings to profitability amid surge in passenger revenue
Philippine Airlines swung back to the black for the first half of 2022, posting an operating profit of Ps6.6 billion ($120 million), compared to Ps4.7 billion loss reported in 2021.
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NewsIndiGo sharply narrows net loss on soaring revenues
Indian low-cost carrier IndiGo sharply narrowed its first quarter net loss to INR10.6 billion ($134 million), from a net loss of INR31.7 billion in the first quarter of its 2023 financial year.
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NewsAllegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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NewsCopa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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NewsUS DOT proposes new customer protections for air travellers
The US Department of Transportation (DOT) is proposing strong new consumer protections for airline customers travelling with both domestic and foreign carriers on scheduled service from, to or within the USA.
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NewsUzbekistan’s Qanot Sharq stepping up to A321neos
Uzbek carrier Qanot Sharq is to introduce a pair of Airbus A321neo jets through US lessor Air Lease. The twinjets are set to be delivered to the carrier in autumn this year, and will be drawn from Air Lease’s order backlog with Airbus. Qanot Sharq, whose name means ‘eastern wings’, ...
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NewsAmerican Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.