News from FlightGlobal – Page 620
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Hong Kong Airlines axes Los Angeles as it cuts operations by 6%
Hong Kong Airlines (HKA), which has recently been plagued by financial troubles, is trimming its operations by about 6%, following an intervention by the territory's civil aviation authorities.
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Avianca gives up on acquiring Aeromar
Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
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IAG acquires Air Europa in bid to transform Madrid
Iberia and Vueling parent IAG has agreed to acquire another Spanish operator, Air Europa, for a cash transaction of €1 billion ($1.1 billion).
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Ryanair cuts 737 Max fleet forecast again
Ryanair has cut back further its Boeing 737 Max fleet forecast, expecting only 20 aircraft to arrive in time for the 2020 summer season.
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Cebu Pacific firms up A330-900 commitment
Cebu Pacific has firmed up its commitment to acquire 16 Airbus A330-900 aircraft, first made at the Paris air show in June.
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JAL adds new routes in 2020
Japan Airlines (JAL) has announced the routes it will launch in 2020, covering flights within Asia-Pacific and to the United States.
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Ural introduces first A321neo
Ural Airlines has received its first Airbus A321neo, the third aircraft from the re-engined family to enter the Russian carrier’s fleet.
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Loss-making Thai Airways' chairman quits
Thai Airways International's chairman has stepped down amid continuing pressure over the loss-making airline's financial performance.
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Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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VietJet to take 20 A321XLRs
VietJet Air is acquiring 20 Airbus A321XLR through a combination of a fresh order placement and converting part of its existing order backlog.
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Gol Q3 results up despite Max grounding, unscheduled maintenance
Brazil’s low-cost carrier Gol reported a rise in third quarter revenue on increasing passenger demand and “dynamic revenue management” - flexible pricing which allows the company to constantly optimise returns - despite taking a hit for unscheduled maintenance as well as the grounding of its seven Boeing 737 Max aircraft.
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SAA receives first A350 and plans to introduce four
South African Airways has disclosed that it will lease another pair of Airbus A350-900s, after taking delivery of the first of two initial leased aircraft.
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Air France-KLM's third-quarter profit dips on softer unit revenue
Air France KLM has posted a moderate decline in third-quarter profit after higher fuel costs and weaker unit revenue overwrote a steady growth in passenger numbers.
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Weak international demand hits JAL's first-half result
Japan Airlines' operating profit fell 16% to Y81.3 billion ($751 million) in the six months ended 30 September, amid weakness in its international business.
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Hainan Airlines third-quarter profit down 36%
Hainan Airlines saw operating profit decline 36% to CNY150 million ($21.3 million) in the third quarter.
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Higher costs drag Juneyao's Q3 profit
Juneyao Air saw its operating profit for the third quarter fall 14.7% to CNY905 million ($129 million), on the back of higher costs.
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BA strike brings down IAG third-quarter profits
British Airways parent IAG is blaming the UK carrier's pilot strike in September for a fall in third-quarter operating profit.
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China Southern posts 9% increase in Q3 profit
China Southern Airlines saw its third quarter operating profit rising 8.9% to CNY3.34 billion ($473 million).
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Air China third-quarter profit up 5%
Lower expenses helped to push Air China’s operating profit for the third quarter up 5.4% to CNY4.86 billion ($690 million).
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Thomas Cook’s Nordic airline renamed after investors swoop
Thomas Cook Airlines Scandinavia is to be rebranded as Sunclass Airlines after the collapsed tour operator Thomas Cook Group’s Northern Europe division was acquired by a trio of investors. The investors include Strawberry Group, the fund controlled by businessman Petter Stordalen, as well as Altor Funds and TDR Capital. Strawberry ...