News from FlightGlobal – Page 317
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NewsAir cargo market told to brace for ‘growing challenges’ as demand falls
Demand for air cargo fell in March, according to data released by IATA on 3 May, as factors including China’s ‘zero-Covid’ policies and the Russia-Ukraine war weighed on demand and threatened to become longer-term hindrances.
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NewsAvolon records $300m impairment over unretrieved fleet in Russia
Irish-based lessor Avolon has recorded an impairment of over $300 million against aircraft still left with Russian operators, following the imposition of sanctions over the Ukraine conflict. Avolon had previously disclosed that 10 of its owned aircraft were still located in Russia. It says the $304 million impairment reduces the ...
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NewsAir Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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NewsSpirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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NewsSpirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
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NewsQantas enjoys strong domestic, international rebound
Qantas Group is enjoying a rebound as the coronavirus pandemic abates, with both domestic and international travel demand picking up strongly.
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NewsQantas to launch Project Sunrise flights in 2025 as airline locks in A350 orders
Qantas has confirmed its order for 12 Airbus A350-1000s for its ultra-long-haul Project Sunrise initiative, with the first flights from Sydney to New York and London slated for a late-2025 launch.
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NewsChina’s ‘Big Three’ widen Q1 losses as Covid-19 battle rages on
China’s three largest carriers plunged deeper in the red, as a surge in coronavirus infections comes to head with the country’s strict ‘Zero-Covid’ strategy.
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NewsUS regional airline Tailwind adds seaplane flights to Provincetown
US floatplane operator Tailwind Air is expanding this summer with seasonal flights from Boston Harbor to Provincetown on Cape Cod.
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NewsAvelo may expand eastern US network to Wilkes-Barre/Scranton
Avelo Airlines may expand its eastern US network to include Wilkes-Barre/Scranton iInternational airport, about 115 miles (xxxkm) north of Philadelphia.
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NewsLatin carriers Avianca and Viva strike joint ownership deal
Owners of Avianca and the low-cost operator Viva have struck a deal to to form a joint holding company in a move to provide greater financial stability for the Latin American carriers post-pandemic.
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NewsNorse Atlantic opens bookings with JFK route starting mid-June
Scandinavian start-up Norse Atlantic Airways has commenced ticket sales for transatlantic services, with the initial flight from Oslo to New York JFK set to take place on 14 June. Norse Atlantic will also open flights to Los Angeles, Orlando and Fort Lauderdale. It says the beginning of ticket sales “marks ...
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NewsSAS struggles to obtain stakeholder backing for crucial transformation
SAS remains downbeat over progress with its ambitious transformation plan, with negotiations to overhaul its cost structure failing to yield any breakthrough. The Scandinavian operator says the ‘SAS Forward’ plan is “entirely dependent” on deleveraging the company and raising “significant amounts” of new equity. It says it needs to the ...
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NewsVietnam A321 flew domestic sector after suffering vehicle collision damage
Vietnamese authorities are said to be investigating why an Airbus A321 was able to continue operating having sustained substantial damage to its aft fuselage, apparently from a forklift vehicle. The Civil Aviation Authority of Vietnam has informed the ministry of transport that the aircraft suffered a fuselage dent beyond permissible ...
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NewsIcelandair revisits hedging as fuel prices weigh on financial figures
Icelandair Group has started rebuilding a fuel-hedging position, suspended during the pandemic, as it notes the effect of fuel prices on its first-quarter performance. The company has turned in a pre-tax loss of $62.5 million and a net loss of nearly $50 million for the three months to 31 March. ...
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NewsVirgin Australia to add four 737 Max 8s amid demand boost
Virgin Australia is to take four Boeing 737 Max 8s – with the first aircraft to enter service from 2023 – more than a year after it cancelled a long-standing order for the variant in favour of the larger Max 10.
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NewsLion Air reactivates stored jets for holiday season, but 737 Max out of picture
Indonesia’s Lion Air is set to return stored aircraft to service during the Eid holiday season, though its fleet of Boeing 737 Max jets will remain parked.
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NewsIndonesia AirAsia parent cuts 2021 losses despite 61% revenue decline
AirAsia Indonesia narrowed its full-year operating loss, despite a plunge in revenues caused by the coronavirus pandemic.
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NewsSkyWest ‘working with’ charter operators to cover EAS routes
SkyWest Airlines is “working with” charter operators that could take over some of the Essential Air Service (EAS) routes that it intends to cut owing to a shortage of flight deck personnel.
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NewsSkyWest revenue, block hours rise in first quarter
SkyWest Airlines saw revenue and block hours rise as demand for regional services increased during the first quarter.