News from FlightGlobal – Page 299
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NewsSpirit delays shareholder vote on Frontier deal for the third time
Spirit has delayed its special shareholder meeting to vote on an acquisition bid by Frontier Airlines for the third time.
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NewsSAS secures court approval to continue operating under Chapter 11
Scandinavian carrier SAS has obtained court approval to continue operating as normal, following its filing for US Chapter 11 protection. The company has been granted clearance to continue operating as an airline, pay employees’ wages, suppliers’ fees, and taxes, and honour customer programmes including its EuroBonus loyalty scheme. SAS had ...
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NewsJet2 chair lambasts ‘atrocious’ service from ‘ill-prepared’ UK airports
UK budget carrier Jet2’s executive chair has issued a scathing opinion over the readiness of its base airports to deal with recovering passenger demand, describing them as being “woefully ill-prepared”. Philip Meeson says “most” of the airline’s 10 base airports in the UK have been “poorly resourced” for the volume ...
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NewsLogistics entrepreneur Kuehne overtakes state as largest Lufthansa shareholder
Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in German flag-carrier Lufthansa, becoming the largest single shareholder in the company. Lufthansa Group filings show that Kuehne raised his stake on 5 July from just over 10% to a little more than 15%. The company states that its shareholder structure, as ...
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NewsBamboo hopes to triple fleet to 100 aircraft by 2028
Vietnamese carrier Bamboo Airways plans to keep growing its fleet, and has expressed an ambition to hit 100 aircraft by 2028.
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NewsCebu Pacific restores 88% of capacity on soaring domestic demand
Cebu Pacific will operate at 88% pre-pandemic capacity this month, amid a network-wide boost that sees its domestic capacity already surpassing pre-pandemic levels.
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NewsSpirit beats out JetBlue for 16 slots at Newark International airport
The US Department of Transportation (DOT) has awarded 16 slots at New York-area Newark Liberty International airport to Spirit Airlines.
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NewsUS DOT grants Connect Airlines operating certificate
The US Department of Transportation (DOT) has issued Connect Airlines a certificate of convenience and necessity, clearing the way for the start-up to begin FAA-mandated proving runs ahead of launching revenue service later this year.
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NewsBritish Airways recruits KLM operating chief de Groot
KLM chief operating officer Rene de Groot is to step down from his role to take up the same position at British Airways.
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NewsVirgin continues Florida push with Heathrow-Tampa service
Virgin Atlantic is to launch year-round flights from London Heathrow to Tampa from this November, marking the first service to the Florida city from the London airport.
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NewsAeroflot Group to consolidate MRO capabilities within A-Technics subsidiary
Russian flag-carrier Aeroflot is to reinforce its maintenance capabilities by transferring infrastructure and personnel to its specialised technical subsidiary A-Technics. It intends to complete the transfer of production facilities – including hangar complexes at Moscow Sheremetyevo – and re-assignment of qualified staff by the end of this year. As a ...
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NewsAir New Zealand picks HAECO for new long-range economy class product
Air New Zealand has selected HAECO’s cabin solutions unit to supply economy class seats for the carrier’s new long-haul aircraft.
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NewsJapan, India capacity boost lifts SIA Group closer to full recovery
Singapore Airlines Group is to boost capacity to points in India and Japan, as part of a network ramp-up that will see it operating close to 81% pre-pandemic capacity by the end of the year.
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NewsAir France-KLM finalises Leap order for incoming A320neo-family fleet
Carrier group Air France-KLM has finalised an order for 200 CFM International Leap-1A engines to power its incoming fleet of Airbus A320neo-family jets.
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NewsSAS’s largest creditors include state bondholders and loan providers
Initial US Chapter 11 filings from Scandinavian carrier SAS show that government loans and hybrid bonds make up the most significant unsecured creditor claims against the company. Just under $600 million in state hybrid bonds, plus another $161 million in commercial hybrid bonds, are listed with Intertrust Group which acts ...
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NewsUnited 737 Max computer examined after ‘blanking’ precedes wrong-runway landing
US investigators are examining a United Airlines Boeing 737 Max 9’s flight-management computer after an incident in which the system’s displays apparently blanked before the aircraft inadvertently landed on the wrong runway at Pittsburgh. The crew had needed to input a number of amendments into the flight-management computer during the ...
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NewsSaudi Arabian sovereign fund establishes new aircraft leasing company
Saudi Arabia’s sovereign wealth fund is to branch into aircraft management and leasing, through the establishment of a lessor branded ‘AviLease’. The Public Investment Fund, which has some $620 billion in assets under management, already supports a diverse number of sectors – such as finance, mining, transport and construction – ...
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NewsSAS Chapter 11 filing 'accelerated' to protect company: chief executive
SAS chief executive Anko van der Werff insists the pilot strike affecting the company did not directly trigger its US Chapter 11 filing, but has accelerated the decision to seek court protection. The board made the decision on 5 July to proceed with the filing, the day after SAS pilots ...
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NewsSAS files for US Chapter 11 protection to push through restructuring
Scandinavian operator SAS has voluntarily filed for US Chapter 11 bankruptcy protection, as part of its efforts to push through a comprehensive restructuring of its business. Through the court-supervised process it aims to reach agreements with its main stakeholders, restructure its debts and reconfigure its aircraft fleet. It expects the ...
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NewsStar Alliance ties up with Deutsche Bahn to offer air-rail interchange
German rail operator Deutsche Bahn is to become a non-airline partner of Star Alliance, offering surface connections to passengers of the carrier group later this year. Deutsche Bahn will be the alliance’s first intermodal partner from 1 August. It states that the tie-up will “intelligently connect” air and rail, and ...