News from FlightGlobal – Page 342
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NewsAmerican firms $200m Gol investment plan
American Airlines has firmed its planned $200 million investment in Gol, under which it is taking a 5.2% stake in the Brazilian budget carrier.
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NewsFrontier Airlines to buy and merge with low-cost rival Spirit Airlines
Frontier Airlines is to acquire and merge with US ultra-low-cost carrier rival Spirit Airlines in a $6.6 billion deal announced today. Under the terms of the merger agreement, which has been unanimously approved by both companies’ boards of directors, Spirit is valued at $2.9 billion and the transaction has a ...
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NewsWet-lease operator SmartLynx to start introducing 737 Max jets
Wet-lease specialist SmartLynx Airlines is to expand its fleet with Boeing 737 Max jets, having agreed to take a pair from lessor SMBC Aviation Capital. The aircraft are both Max 8 variants, powered by CFM International Leap-1B engines. SmartLynx says deliveries of the aircraft are “underway” and that they will ...
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NewsNorse Atlantic receives strong response to pilot recruitment drive
Start-up Norse Atlantic Airways claims it received over 3,000 applications to fill 50 positions for pilots, ahead of the airline’s planned serve launch from Oslo. The carrier says pilot training has commenced and training for cabin crew will begin soon, and it is setting up a US cabin crew base ...
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NewsWizz Air unionisation impasse spurs investor pull-out
One of budget carrier Wizz Air’s investors has opted to sell its shareholding, citing the airline’s policy of refusing to recognise employee unions. The Danish pension fund AkademikerPension says it is selling DKr22 million ($3.4 million) of shares. Its director, Jens Munch Holst, says the investor has held discussions with ...
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NewsKomiaviatrans aims to expand network after avoiding bankruptcy
Russian regional carrier Komiaviatrans is aiming for expansion after an injection of aid from the local government allowed it to avoid collapsing into bankruptcy. The Komi republic’s ministry of economic development states that the airline had recorded debts of Rb4.2 billion ($55 million) in October last year. Government representatives approved ...
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NewsCathay Pacific expected to return to profitability in 2022: HSBC report
Cathay Pacific is expected to return to profitability in 2022 as a result of traffic rebound and pent-up travel demand, according to a HSBC research report, which states “the only way is up” for the embattled Hong Kong carrier.
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NewsIndiGo keeps up fleet transformation as fuel costs bite
Indian low-cost carrier IndiGo aims to largely switch to the Airbus A320neo family by the end of the year, and fully exit the baseline A320.
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NewsFirst production Cessna SkyCourier breaks cover
Textron Aviation has rolled out the first production example Cessna SkyCourier twin-engined utility turboprop, as it eyes delivery to launch customer FedEx Express later this year.
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NewsIndiGo swings to net profit in final quarter of 2021 but Omicron hits new-year demand
Indian low-cost carrier IndiGo swung to a net profit in the three months to 31 December 2021, ending a series of loss-making quarters as the Covid-19 recovery gathers pace.
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NewsVinci expects airports to hit break-even this year after tough 2021 for Gatwick and Japan
Multinational infrastructure firm Vinci expects its airports business to reach break-even on a net basis in 2022, if the public health situation continues to improve. The company – which has 53 airports across 12 countries in its portfolio – says passenger numbers will recover to “around 60%” of 2019 levels ...
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NewsIcelandair embarks on detailed planning to replace remaining 757 fleet
Icelandair Group will look to replace its Boeing 757 fleet from the second half of the decade, following a review of its long-term strategy. Chief executive Bogi Nils Bogason, speaking during the company’s full-year results briefing, stated that the current fleet composition is “very well suited” to its route network ...
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NewsSkywest posts profit for 2021, plans for looming pilot shortage
Regional carrier Skywest Airlines swung to profit in 2021, but says that the impending pilot shortage will negatively affect its 2022 planning.
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NewsWinter storm prompts more than 4,800 cancellations across Midwest USA
A secon harsh winter storm in as many weeks is once again disrupting air travel across the USA, with more than 4,800 flights cancelled by 11:30 Pacific Time.
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NewsLow-cost unit helps Air Astana top pre-crisis traffic levels in 2021
Air Astana Group topped pre-crisis passenger levels last year in carrying a record 6.62 million, almost half of which flew on its low-cost unit FlyArystan.
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NewsEl Al board approves non-binding framework for Arkia acquisition
El Al’s board has approved a non-binding memorandum of understanding in preparation for signing an agreement to acquire fellow Israeli carrier Arkia. Under the proposed transaction El Al will acquire the entire share capital of Arkia from its shareholders, and the airline will become a wholly-owned subsidiary of the Israeli ...
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NewsPassenger vacated Airlink Jetstream seat before broken blade penetrated cabin
South African investigators have revealed that a passenger on an Airlink BAe Jetstream 41 missed being struck by a broken propeller blade that penetrated the cabin, because they had changed seat during the flight. As the turboprop landed at Venetia airfield, its right-hand Honeywell TPE331 engine was hit by a ...
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NewsPhilippine Airlines appoints new president, COO
Philippine Airlines has appointed Stanley Ng as its new acting president and operating chief effective immediately — its first senior management change since exiting restructuring in late-December.
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NewsANA ends brief A321LR affair with order swap for A321neos
The parent company of All Nippon Airways (ANA) has switched its order for two Airbus A321LRs — its sole commitments to the long-range variant — choosing instead to take the standard A321neo.
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NewsAllegiant posts small profit in fourth quarter of 2021
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air posted a small profit in the fourth quarter of 2021, supported by more cost-conscious customers returning to travel.