News from FlightGlobal – Page 426
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NewsJAL to acquire Spring Airlines Japan as subsidiary
Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.
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NewsS7 overtakes Aeroflot in first quarter after riding domestic wave
S7 Airlines emerged as the largest passenger carrier in Russia over the first quarter of this year, tipping Aeroflot off the top slot, according to the country’s official civil aviation figures. Federal air transport regulator Rosaviatsia states that S7 carried 3.56 million passengers over the three-month period compared with Aeroflot’s ...
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NewsJAL domestic 777s to exit by 2023, A350s to become flagship
Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.
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NewsJAL plunges to $3.6bn operating loss in FY2020
Japan Airlines (JAL) swung to an operating loss of Y390 billion ($3.6 billion) in its 2020 financial year to 31 March.
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NewsQantas uses Alliance E190 options to beef up regional capacity
Qantas has called up five additional Alliance Aviation Embraer E190s under a wet lease agreement with the regional operator.
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NewsAustralian leaders sound cautious tone on international reopening
Australian cabinet ministers have suggested that international travel to the country might not open up until the second half of 2022.
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NewsCovid-19 crushes AirAsia Group Q1 traffic figures
AirAsia Group carriers reported a significant decline in passenger traffic for the first quarter of 2021, amid an uptick in coronavirus cases in key markets that threaten hopes of a recovery.
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NewsTaiwanese carriers in the red for first quarter
Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.
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NewsCopa posts first quarter loss, sees diverging trends in the Americas
Panama’s Copa Airlines is banking on its advantageous geographical position and extensive network to smaller cities across the Americas and the Caribbean to eventually pull itself out of the coronavirus-driven slump.
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NewsAzul posts quarterly loss, cargo revenue rises
Brazil’s Azul narrowed its loss in the first three months of the year compared to 2020, as a bump in cargo sales partly offset steep declines in passenger revenue.
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NewsAvelo plans US East Coast expansion with New Haven base
Recently launched US start-up Avelo Airlines will expand to the US East Coast this year with flights from Tweed New Haven airport in Connecticut.
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NewsDomestic links feature as Ryanair to open Stockholm Arlanda base
Low-cost carrier Ryanair is to open a base at Stockholm Arlanda this winter, initially basing two aircraft at the Swedish airport.
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NewsSun Country earns $12.4m profit in first quarter
Sun Country Airlines’ diversified business model – which includes scheduled passenger services, charter flights and freight transport – helped propel the airline to a first-quarter profit.
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NewsSwiss downsizing for smaller market
Lufthansa Group carrier Swiss is to cut its fleet by 15% and its headcount by a fifth as it attempts to right-size itself to serve what it perceives will be a permanently smaller customer base.
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NewsAir France-KLM eyes positive returns this summer
Air France-KLM executives believe the group could return to cash-positive operations over the summer if the vaccine rollout delivers the hoped-for recovery in travel demand.
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NewsEl Al scraps 737-800 sale-and-leaseback plan
Israeli flag-carrier El Al has dropped plans to enter a sale-and-leaseback transaction for three Boeing 737-800s with an undisclosed foreign company. El Al had stated in April last year that it signed a memorandum of understanding covering the deal for the three aircraft, all manufactured in 2009. The airline has ...
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NewsIrish lessor GTLK Europe to take A321 converted freighters
Irish-based lessor GTLK Europe is to acquire four Airbus A321 converted freighters, induction for which will commence this year. The aircraft will undergo modification by the EFW joint venture which is run by ST Engineering and Airbus. GTLK Europe is affiliated with the Russian state leasing company GTLK, based in ...
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NewsIndia domestic travel collapses amid Covid-19 crisis
India’s coronavirus crisis has seen daily departures drop below 100,000, with numerous countries suspending virtually all travel from the South Asian country.
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NewsAir France-KLM ponders equity moves as first-quarter loss widens
Air France-KLM is considering further equity measures to strengthen its balance sheet after first-quarter operating losses deepened to €1.18 billion ($1.42 billion). Group revenues of €2.2 billion for the three months ending March 2021 were down 55% on the same period last year, during which the pandemic impact was just ...
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NewsAustralian watchdog against proposed Qantas, JAL joint venture
The Australian Competition & Consumer Commission (ACCC) has come out in opposition of a proposed joint venture between Qantas Airways and Japan Airlines (JAL).