News from FlightGlobal – Page 54
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NewsSouth Korean start-up SumAir to apply for AOC after clinching business licence
South Korean start-up SumAir has been awarded its business licence, moving it one step closer to becoming the country’s newest carrier.
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News‘Combinations are coming’: Sun Country adds to airline consolidation chatter
With the US airline industry buzzing over potential tie-ups, Sun Country Airlines added to the chatter on 20 February by acknowleding that it views combinations with certain competitors favourably.
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NewsSpirit Airlines’ restructuring plan approved by US bankruptcy court
A US bankruptcy court has approved Spirit Airlines’ plan to reorganise through a Chapter 11 process and emerge with a stronger balance sheet.
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NewsJetBlue shopping around for potential tie-up partner as NEA appeal deadline looms
JetBlue Airways is exploring tie-ups with several US carriers, including the potential revival of its defunct the Northeast Alliance with American Airlines.
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NewsAviation groups seek to sway changes to FAA as airlines drop bid to privatise ATC
In a major policy shift, the US airline industry’s largest trade group and several allies say they no longer support privatising US air traffic control (ATC).
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NewsSIA Group betters third-quarter net profit with boost from Air India-Vistara merger
Singapore Airlines Group more than doubled its net profit in the third quarter after getting a one-time accounting gain from the merger of former joint venture Vistara with Air India.
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NewsOman’s SalamAir seeks 10 A320-family jets to meet three-year fleet-expansion plan
Middle Eastern low-fare carrier SalamAir is seeking another 10 Airbus A320-family aircraft to support operational development. The Omani carrier says the expansion will take place over the next three years and is intended to meet increasing passenger demand. SalamAir has placed requests for the 10 twinjets with “multiple” aircraft lessors, ...
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NewsAir NZ flags challenging second half as ‘uncertainty’ grows over engine issues
Air New Zealand expects a “significantly lower” financial performance for the six months to end-June, as it continues to be impacted by engine issues on its Airbus A320neo family aircraft and Boeing 787 fleets.
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NewsSouthwest caves further to Elliott as chief transformation officer steps down
Southwest Airlines is caving further to pressure from minority stakeholder Elliott Investment Management, which has been granted permission to own a greater share of the company’s outstanding stock.
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NewsShareholders of lessor NAC approve $2bn takeover by Dubai Aerospace Enterprise
Shareholders in lessor Nordic Aviation Capital have approved the company’s proposed acquisition by Dubai Aerospace Enterprise. The company values the transaction at more than $2 billion – inclusive of outstanding debt. Nordic Aviation Capital says the shareholder vote was 85% in favour of the agreement, under which DAE will take ...
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NewsEtihad cites operational efficiency gains as full-year net profit trebles
Middle Eastern carrier Etihad Airways is claiming to have trebled its full-year net profit to Dhs1.7 billion ($476 million), a record for the Abu Dhabi-based airline. Etihad says this follows a 25% increase in revenues to Dhs25.3 billion, as passenger numbers rose 32%. It says it has made “significant” operational ...
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NewsUzbekistan’s Qanot Sharq to introduce A321XLRs
Uzbekistan-based carrier Qanot Sharq is expanding its ties with US lessor Air Lease through an agreement for long-range Airbus A321XLRs and A321LRs. The three XLRs and two LRs are scheduled to be delivered to the operator over the course of 2026-27. Qanot Sharq, based in Tashkent, already has A321neos and ...
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NewsProfitable Jet2 expects higher summer costs to cover late Airbus deliveries
UK leisure carrier Jet2 is expecting to take delivery of 14 more Airbus A321neo twinjets by the end of summer this year, increasing its fleet to 23. But it states that the arrival of “a number” of these will be delayed past their agreed delivery dates. “Consequently we expect to ...
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NewsAustralia watchdog flags capacity ‘stagnation’ amid rise in domestic traffic
Australia’s competition watchdog has urged the country’s domestic carriers to “find other ways” to boost operating capacity, as supply chain issues and delivery delays coincide with a spike in travel demand.
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NewsWinter weather and crash at Toronto-Pearson force hundreds of Air Canada flight cancellations
Air Canada is grappling with the cascading effects of severe winter weather and the Endeavor Air MHIRJ CRJ900 crash at Toronto Pearson International airport.
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NewsAlaska Air Group pushes back 787 and 737 fleet-growth plans due to Boeing delays
More than a year after taking delivery of its first Boeing 787-9, Hawaiian Airlines is operating only two 787s and has been informed by the US airframer to expect further delays.
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NewsIceland’s Play insists revised business model is starting to show positive results
Icelandic budget carrier Play has turned in a heavy full-year loss, but insists the overhaul of its business model is starting to show results. The airline generated a net loss of $66 million for 2024 – approaching double the previous year’s $35 million – on revenues which were up 4% ...
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NewsSpiceJet open to widebodies, long-haul operations: CEO
SpiceJet does not rule out acquiring widebody aircraft for long-haul operations in the future, as it looks to build back capacity while working through its financial challenges.
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NewsEVA Air to introduce premium economy product on 787-9s
EVA Air will roll out a new premium-economy product on its Boeing 787-9s, as it unveils the latest iteration of its seat design.
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NewsSouthwest axes 15% of corporate jobs in first-ever layoff
Southwest Airlines has slashed more than 1,750 corporate jobs – including roles in senior management – in its first large-scale retrenchment aimed at saving costs.