News from FlightGlobal – Page 72
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NewsSIA Group has ‘levers we can pull’ to manage delivery delays: CEO
Singapore Airlines Group has contingency plans in place in light of aircraft delivery delays, such as with Boeing’s 777X programme, says chief executive Goh Choon Phong.
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NewsImproved A380 reliability helping BA offset 787 engine availability issues
IAG unit British Airways is continuing to work through the challenges on its Rolls-Royce Trent 1000-powered Boeing 787s which prompted it to remove some its planned winter capacity, while remaining on the lookout for options to bolster its long-haul fleet.
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NewsYield and competition pressure hits SIA Group profits in first half
Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.
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NewsRiyadh Air likely to look at longer-range variant as part of A321neo deal
Saudi Arabian start-up Riyadh Air is likely to take a longer-range variant of the Airbus A321neo as part of its deal for 60 of the narrowbody jets.
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NewsIAG upbeat on rest of year after lifting third-quarter profit
IAG expects its strong financial performance to continue in the last quarter of the year after lifting operating profit 15% in the third quarter to over €2 billion ($2.15 billion).
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NewsJet Airways revival hopes gone after court orders liquidation
India’s Supreme Court has ordered the liquidation of the beleaguered Jet Airways, officially ending any hopes of a revival more than five years after the airline went bankrupt.
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NewsNew Tus Airways investor has option to acquire whole airline
Cypriot carrier Tus Airways’ newest investor will have an option to acquire the entire outstanding capital of the airline from its other shareholders. The investor – a company owned by entrepreneurs Ami Cohen and Arnon Englander – completed a transaction giving it a 75% stake in Tus on 6 November. ...
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NewsDutch challenges evident as Air France-KLM profits fall
Air France-KLM saw its third-quarter earnings impacted by a higher-than-expected cost increase at its Dutch operation, as it gave further details on the “firm measures” it is taking to tackle what it describes as a “structural” challenge
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NewsEl Al stays with Trent 1000 for additional 787s: Rolls-Royce
Israeli flag-carrier El Al appears to be sticking with Rolls-Royce engines for its latest Boeing 787s, as the manufacturer progresses with work on blade improvements. El Al already has 16 Trent 1000-equipped 787s, and is due to take delivery of another Trent-powered 787-9 originally intended for another customer. Rolls-Royce states, ...
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NewsWizz Air foresees return to growth as uncertainty lifts on engine-related aircraft grounding
Central European budget carrier Wizz Air expects to return to growth next year, given its Airbus delivery schedule and better visibility on Pratt & Whitney engine issues. Wizz expects the average number of grounded aircraft over the next 18 month to be around 40-45, an improvement on the previous assumption ...
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NewsGol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsTravel demand pushes Emirates to record half-year pre-tax profit
Middle Eastern carrier Emirates is citing strong travel demand as it turns in a 2% rise in half-year pre-tax profit to a record Dhs9.7 billion ($2.6 billion). Emirates posted a net profit of Dhs8.7 billion, after it generated a 5% increase in revenues to Dhs62.2 billion for the six months ...
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NewsRiyadh Air plots new widebody aircraft order
New Saudi Arabian national carrier Riyadh Air aims to make a decision in the first half of next year on a further widebody aircraft order, as it ponders a deal for either Airbus A350-1000s or Boeing 777X jets.
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NewsFormer Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
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NewsWizz Air loses legal challenge over pandemic-related aid to Tarom
Central European budget airline Wizz Air has lost a legal challenge over a capital injection for Romanian flag-carrier Tarom. The European Union’s General Court has ruled that the financial package, nearly €2 million ($2.1 million), is compatible with state aid regulations. Tarom was granted the support as compensation for damage ...
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NewsFlybondi to wet-lease two Boeing 737s from AlbaStar
Argentine ultra-low-cost carrier FlyBondi has entered into its first wet-leasing agreement with the Spanish airline AlbaStar.
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsRise Air to be Canada’s launch customer for ATR 72-600
Canadian regional operator Rise Air will be the country’s launch customer for the ATR 72-600, after it placed a firm order for one aircraft to be delivered in 2025.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.