News from FlightGlobal – Page 88
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NewsIsrair attributes second-quarter profit surge to technology investments
Israeli leisure operator Israir is attributing an improvement in second-quarter profit to its investment in technology, which has helped offset the impact of the Gaza conflict. Israir’s second-quarter net profit reached just over $7 million, a 44% improvement on the previous year, although its first-half net figure was down by ...
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NewsQatar Airways takes minority stake in South Africa’s Airlink
Qatar Airways is taking a 25% shareholding in South African regional carrier Airlink, having previously teased that it was intending to invest in an airline in the region. Airlink has confirmed the investment, but has not disclosed the financial terms involved. Qatar Airways group chief Badr Mohammed Al-Meer had stated, ...
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NewsAlaska acquisition of Hawaiian clears major regulatory hurdle
Alaska Airlines says the time period for the US Department of Justice (DOJ) to complete its review of its proposed $1.9 billion acquisition of Hawaiian Airlines has expired, without apparent objections.
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NewsThai AirAsia X marks return to Bangkok’s Don Mueang airport with Sydney relaunch
Thai AirAsia X is to restart flights between Bangkok’s Don Mueang airport and Sydney, its first network announcement amid a relocation of operations to the new Thai hub.
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NewsBrazilian regulator tightens monitoring of Voepass in wake of ATR crash
Brazilian civil aviation regulator ANAC is placing regional carrier Voepass under enhanced operational supervision in the aftermath of the fatal accident involving one of its ATR 72-500 turboprops. The circumstances of the crash, near Vinhedo outside Sao Paulo on 9 August, have yet to be determined. But ANAC says that ...
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NewsIberia seals profit-sharing pact with pilots featuring broader performance criteria
Iberia has reached an agreement with Spanish cockpit union SEPLA under which pilots will be rewarded if the carrier achieves operational as well as financial targets. The pact will run until the end of 2027 rather than 2025. Pilots will receive additional income tied to Iberia’s earnings, says the carrier. ...
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NewsKenya Airways posts first net profit for over a decade
Kenya Airways posted its first interim net profit in over a decade during the first six months of the year, as revenues increased by more than one-fifth.
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NewsLHT to coat four Austrian 777s with emissions-reducing AeroShark film
After 17 Lufthansa Group long-haul aircraft were outfitted with its AeroShark riblet surface film, four Austrian Airlines Boeing 777-200ERs will be next to get the emissions-saving film installed, Lufthansa Technik says.
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NewsCargojet expects quick return for Boeing freighters damaged in hailstorm
Two aircraft in the fleet of Canadian freight specialist Cargojet were damaged by a recent hailstorm, the company has revealed, although it expects both to return to service within a short time. Cargojet co-chief Jamie Porteous, speaking during a 14 August first-half briefing, stated that a Boeing 767 wet-leased to ...
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NewsSwiss Boeing 777 stuck in grass at Astana after diverting for medical emergency
A Swiss International Air Lines Boeing 777-300ER with 319 passengers and 18 crew on board suffered a runway mishap in Astana after diverting to the Kazakh capital due to a medical emergency.
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NewsRomania’s Tarom appears to sell Heathrow slots to Qatar Airways
Romanian flag-carrier Tarom appears to be trading its slots at London Heathrow to Qatar Airways, according to documentation from the airport’s slot-co-ordinator. Tarom has been operating daily service from Bucharest using Airbus A318s. But slot co-ordinator ACL’s records on 14 August list a “permanent slot transfer” from Tarom to Qatar ...
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NewsSAS and Delta would accept ‘carve-out’ of codeshare while JetBlue objection is studied
SAS and Delta Air Lines are prepared to accept a partial approval of their extensive SkyTeam codeshare if US regulators feel there is a need to examine the situation which led US operator JetBlue Airways to object to the tie-up. JetBlue has been seeking to codeshare with Air Serbia on ...
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NewsSpiceJet embarks on $357m fundraising as quarterly profit shrinks
Indian low-cost operator SpiceJet is attempting to raise over $350 million to “stabilise” its operations and financial position.
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NewsRex regional operations get Australian government guarantee
The Australian government will guarantee the regional operations of beleaguered carrier Regional Express (Rex), as the airline works through voluntary administration.
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NewsBoeing will ‘recover faster than most expect’ under Ortberg: United CEO
United Airlines chief executive Scott Kirby asserts that Boeing will rebound from its manufacturing and quality problems relatively quickly now that it is guided by new CEO Kelly Ortberg.
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NewsCanada Jetlines to file for protection after suspending operations
Canada Jetlines is suspending operations, effective immediately, and planning to file for creditor protection.
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NewsConflict ripples continue to enhance El Al’s financial performance
Israeli carrier El Al has maintained its strong performance over the first half of the year, as the effects of the Gaza conflict continue to disrupt the normal seasonal activity cycle. The unusually high load factors of the first quarter did not subside in the second, giving an overall average ...
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NewsCurrency and capacity pressures push Brazil’s Gol to R3.9bn loss in second quarter
Brazil’s Gol posted a second-quarter loss of R$3.9 billion ($700 million) as an unfavourable exchange rate hit the company’s earnings, and passenger capacity fell, denting revenues.
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NewsEl Al reaches agreement to acquire up to 31 737 Max jets
Israeli flag-carrier El Al has signed an agreement with Boeing covering the purchase of 20 737 Max jets, with options on a further 11. El Al had previously indicated in June that it was negotiating for around 30 Max jets to meet requirements for the single-aisle segment of its fleet-renewal ...
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NewsSAS’s new SkyTeam codeshare with Delta irks JetBlue Airways
Future SkyTeam partner SAS’s new codeshare with Delta Air Lines is facing objections from US operator JetBlue Airways, which claims its own US-European codeshare effort is being held up by European Union member states. SAS is set to joint SkyTeam on 1 September as a result of the investment by ...