News from FlightGlobal – Page 527
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Air cargo records eleventh straight month of demand decline: IATA
Air freight demand remains weak, IATA reports in its September 2019 figures.
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IAG pulls back capacity growth forecast
IAG is cutting its medium-term capacity growth targets, slashing the figure to 3.4% per year for 2020-22 from its previous level of 6% for 2019-23.
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SriLankan Airlines targets network growth
SriLankan Airlines is looking to expand its network to parts of Asia-Pacific and Europe, as it makes progress on reducing financial losses under its turnaround plan.
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HK Express to take half of Cathay Dragon’s A321neo orders
Hong Kong low-cost carrier HK Express will take 16 of 32 Airbus A321neos scheduled for delivery to sister carrier Cathay Dragon.
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Kumho set to announce Asiana buyer
Kumho Industrial expects to announce the buyer of its 31.05% stake in Asiana Airlines soon.
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Australian watchdog allows Virgin carriers to deepen ties
The Australian competition watchdog has given its official approval for Virgin Australia to co-operate with Virgin Atlantic on flights between Australia and the UK and Ireland, via Hong Kong and Los Angeles.
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New Swiss airline FlyBAIR launches crowdfunding campaign
Initiators of a new regional “peoples’ airline” to be based in Switzerland’s capital Bern, have started a crowdfunding campaign to launch it ahead of the 2020 summer holiday travel season.
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Azul proposes JV with TAP to shareholders
Brazil’s low-cost carrier Azul has proposed a joint venture with Portuguese flag carrier TAP Air Portugal to its shareholders as it looks to gain a greater foothold in the transatlantic travel market, the company says in its investor update on 7 November.
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Alaska Air's Beck becomes COO, Minicucci remains president
Alaska Air Group has made several high-level management shifts, including splitting the president and chief operations officer (COO) role into two positions. Ben Minicucci, who formerly was Alaska's president and COO, has now taken the single title of president, Alaska says.
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Airbus logs 12 A330neos as part of October order haul
Airbus has recorded an order for 12 A330neos from an unidentified customer, all of them the -900 variant, part of an agreement for 25 aircraft which includes 13 A321neos.
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Air Arabia eyes expansion with new order and Abu Dhabi unit
While many carriers in the Middle East are adjusting to slowing growth environment, the pace of activity is rising at low-cost carrier Air Arabia.
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Garuda swings to operating profit during third-quarter
Double-digit revenue growth at Garuda Indonesia during the third quarter 2019 helped the airline leave behind its previous loss-making status.
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Lufthansa ramps up group cost-cutting measures
Lufthansa Group is accelerating restructuring efforts at its cargo division and subsidiaries Austrian Airlines and Brussels Airlines as the company faces pressure on earnings, particularly in Europe, and increased fuel costs.
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Rolls-Royce confident on A330neo despite blade fix delay
Rolls-Royce is confident that its postponed introduction of a redesigned Boeing 787 engine blade will not affect similar powerplants that are fitted to the Airbus A330neo.
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Qatar Airways inks IndiGo codeshare
Qatar Airways has inked a codeshare agreement with Indian low-cost carrier IndiGo, days after it confirmed partnership plans.
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NewsBamboo Airways receives first A320neo
Vietnam’s Bamboo Airways is CDB Aviation’s newest customer, having taken delivery of its first Airbus A320neo aircraft.
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ATSG reports higher Q3 results on Omni acquisition
Air Transport Services Group, a provider of medium wide-body aircraft leasing, contracted air transportation and related services, reported higher third quarter results after it integrated charter carrier Omni Air International, which it acquired late last year.
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Norwegian stock price drops after new fundraising round
Scandinavian budget carrier Norwegian's share price has dropped by around 10% after the airline revealed it was seeking additional funding from investors, through a convertible bond issue and a release of new shares.
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Virgin Australia’s network changes optimise capacity
Virgin Australia announced upcoming route changes, in line with its focus on disciplined capacity management.
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Air France sees 787s as 'leverage' in A330/777 replacement talks
Air France's Boeing 787s could be phased out of its fleet but in the meantime provide "good leverage" in negotiations about the replacement of early-generation 777s and Airbus A330-200s, Air France-KLM chief Ben Smith has indicated.