News from FlightGlobal – Page 313
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News‘Grim’ April plunges Chinese ‘Big Three’ domestic traffic to record low
China’s ongoing battle with a resurgent wave of coronavirus infections has sent domestic traffic into free fall, with the country’s three largest carriers reporting a second consecutive month of traffic decline in April.
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NewsSingapore to resume Changi airport Terminal 5 project
Singapore is to restart work on the mega Terminal 5 project - with construction expected to commence within the next three years - amid optimism over projected air traffic recovery.
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NewsSpirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
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NewsSMBC acquiring Goshawk to create lessor with over 700 aircraft
Japanese-owned SMBC Aviation Capital is to acquire fellow Irish-based lessor Goshawk Aviation under a transaction valued at $6.7 billion. It will create the second-largest lessor worldwide in terms of aircraft numbers, and the largest to be owned by Japanese interests. SMBC will take over Goshawk following an agreement with NWS ...
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NewsGol CEO Kakinoff to step down, Ferrer to take helm
Longtime Gol chief executive Paolo Kakinoff will step down from his post in July, with current chief operating officer Celso Ferrer to succeed him as CEO.
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NewsJetBlue urges Spirit shareholders to scuttle planned Frontier acquisition
JetBlue Airways has launched another push to take over Spirit Airlines by urging the low-cost carrier’s shareholders to vote against a planned acquisition by Frontier Airlines.
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NewsO’Leary sees strong summer peak but cautions recovery is still ‘fragile’
Ryanair chief executive Michael O’Leary says the carrier is reluctant to offer profit guidance for the coming financial year based on the “fragile” nature of the travel industry’s recovery and the potential for future headwinds such as a recession or a resurgence of Covid-19.
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NewsE175 operators ordered to check for tip cracks after winglet-loss incident
Brazilian authorities have ordered Embraer 175 operators to conduct urgent checks for wing-tip cracks, following the in-flight loss of a winglet on the variant. Civil aviation regulator ANAC says there is a “possibility of cracks development” on the wing-tip connection area. “[This] can affect its structural integrity to the point ...
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NewsRyanair predicts summer capacity and peak fares will exceed pre-crisis levels
Budget carrier Ryanair is aiming to reach a fleet of 70 Boeing 737 Max 8-200s for the summer peak, up from the previous target of 65, as it seeks to deploy summer capacity 15% above the pre-crisis level of 2019. It is “cautiously optimistic” that the summer fare peak will ...
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NewsUnited to ‘gradually’ return PW4000-powered 777s to service from 26 May
At the end of this month, United Airlines plans to begin “gradually” reintroducing to service its 52 Pratt & Whitney PW4000-powered Boeing 777s that have been grounded since February 2021 following an in-flight engine failure.
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NewsNorwegian chief says rest of year is ‘cost game’ after Q1 disappointment
Scandinavian airline Norwegian is hoping to benefit from improved economies of scale during 2022 after a ‘disappointing’ first quarter of the year.
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NewsNorwegian talks to Airbus and Boeing over desire to own 'maybe over 50%' of its fleet
Scandinavian low-cost carrier Norwegian has ambitions to own a significant proportion of its fleet, as looks beyond the leased capacity already secured for the 2023 summer season.
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NewsOver half of Emirates A380s have returned to service
Middle Eastern carrier Emirates had returned more than half of its Airbus A380 fleet to service by the end of the financial year in March, having already restored full Boeing 777 operations. Passenger seat capacity for the company over 2021-22 was around 56% down on pre-crisis levels, according to the ...
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NewsDubai government injects more capital into Emirates as it looks to restore profits
Emirates Group has disclosed that it received a Dubai government capital injection of Dhs3.5 billion ($954 million) during the last financial year, in which the company turned in a loss of Dhs3.8 billion. But the group, which also benefited from Dhs11.3 billion in government aid the year prior, is expecting ...
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NewsCargojet turns to IAI for freighter conversion of 777-300ERs
Canadian operator Cargojet has signed for conversion of four Boeing 777-300ERs into freighters, through an agreement with Israel Aerospace Industries. The Israeli firm has been developing a freighter modification for the twinjet type, a programme initiated in co-operation with US lessor GECAS – since acquired by AerCap. Cargojet is taking ...
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NewsOmicron ‘headwinds’ leaves Cebu Pacific loss-making in Q1
Cebu Pacific remained in the red for the first quarter of 2022 amid a surge in coronavirus infections in the Philippines, though the low-cost carrier trimmed its losses from a year ago.
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NewsCopa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
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NewsAviation will heavily rely on carbon credits to hit EU ‘Fit for 55’ emissions target
Aviation is able to meet the European Union’s target to significantly reduce CO2 emissions by 2030, but only through a heavy reliance on market-based measures (MBMs) that will contribute to billions of euros in extra costs, according to the region’s network manager Eurocontrol.
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NewsWet-leases keep SkyUp flying despite Ukrainian conflict
Ukrainian carrier SkyUp Airlines is continuing efforts to maintain whatever operations it can manage under the pressures of the country’s armed conflict. The airline says it carried out 38 wet-lease services and 19 charter and humanitarian flights during April. SkyUp transported nearly 6,000 passengers during the month, it adds, delivering ...
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NewsScoot chief to take the helm of Air India
Scoot chief executive Campbell Wilson is to step down from the SIA Group low-cost unit in mid-June to head newly-privatised Air India.