News from FlightGlobal – Page 88
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NewsSpun-out AnadoluJet to operate in its own right by summer 2024
Turkish Airlines will roll-out new brand positioning for its recently spun out low-cost operation AnadoluJet in the coming weeks and hopes to have the carrier operating in its own right before next summer.
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NewsBrazil’s Azul breaks Q2 revenue record; sees demand trends continuing
Brazil’s Azul had a record-breaking quarterly revenue of R$4.3 billion, up 8.8% against the R$3.9 billion it reported in the same quarter last year, and 63% over the same quarter in pre-pandemic 2019 as passenger demand, including corporate travel, continues to bounce back.
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NewsTurkish Airlines set for fleet decision ‘soon’ after engine complications
Turkish Airlines expects to announce its major order for 600 aircraft ”soon” after receiving revised proposals from the OEMs and studying options around engines following supply issues.
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NewsAir India to introduce new livery with first A350 arrivals
Air India has unveiled a new livery scheme, which will be introduced with the arrival of the carrier’s first Airbus A350 towards the end of this year. The airline’s owner, Tata Group, is revamping the flag-carrier’s colours as part of its transformation programme. Air India recently placed an extensive order ...
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NewsLufthansa seals long-term pay deal with pilots
Lufthansa mainline and cargo pilots represented by the Vereinigung Cockpit (VC) union have backed a new collective labour deal which will cover pay terms until at least the end of 2026.
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NewsIsrael’s El Al starts services with first reconfigured 777-200ER
Israeli flag-carrier El Al has restored to service the first Boeing 777-200ER to be reconfigured with an interior similar to its 787 fleet. The initial aircraft began operating in August, the airline has disclosed. It has six 777s and plans to reconfigure the cabins of four of them. El Al ...
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NewsEl Al claims highest second-quarter profit since privatisation
Israeli flag-carrier El Al has turned in the highest second-quarter pre-tax profit since the company’s privatisation two decades ago. El Al states that it achieved a pre-tax profit of $58.8 million for the three months to 30 June, based on revenues of just under $630 million. The revenue figure rose ...
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NewsAirtanker specialist Conair picks up more Dash 8s to counter increasing wildfire risk
Canadian aerial firefighting specialist Conair Group is purchasing another seven De Havilland Dash 8-400 turboprops for conversion into airborne tankers. It is sourcing the aircraft from Kirk Aviation, via asset manager Aergo Capital. Aergo says it handed over the final Dash 8 to Conair in July. It identifies this last ...
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NewsALAFCO progresses with transfer of aircraft portfolio to Macquarie
Kuwaiti lessor ALAFCO has completed the transfer of nearly half the 53 aircraft it agreed to sell to Macquarie Airfinance Group. ALAFCO states that 24 aircraft had been sold through moving to the buyer the lessor’s interests in special-purpose companies holding the airframes. Sale of these aircraft has generated net ...
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NewsCopa Q2 profit is $17.5m as demand remains strong, fuel cost drops
Copa Airlines posted a second-quarter profit of $17.5 million as demand remained strong and costs fell, driven by fuel prices, which declined by about one-third.
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NewsMesa posts $47.6m second-quarter loss due to lower block hours and ‘captain crunch’
Mesa Air Group lost $47.6 million during its fiscal third quarter, with the airline’s block hours plummeting during its transition to flying its Bombardier CRJ-900s on behalf of United Airlines.
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NewsGlobalX reports $7.5m Q2 loss as aircraft delivery delays take toll
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a second-quarter loss of $7.5 million as aircraft delivery delays and long turnaround times for aircraft maintenance continue hindering the airline’s operations.
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NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
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NewsBoeing reveals 737 Max order split
Boeing has for the first time revealed the sales breakdown for its 737 Max family, with the developmental -10 closing in on the 1,000-order mark.
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NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
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NewsNorwegian secures four-year deal to transport armed forces personnel
Scandinavian budget carrier Norwegian has secured an agreement with the country’s armed forces for defence sector travel over a four-year period. The airline says the contract will begin in the first quarter of next year. Source: InsectWorld/Shutterstock Norwegian values the agreement at around NKr1 billion ($98 million), ...
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NewsWestern Global struggled with closure of Chinese market and belly-capacity rebound
US cargo carrier Western Global Airlines has outlined the setbacks which led to its entry to Chapter 11 bankruptcy protection, including a customer shift away from dedicated freighters, contrary to expectations, and the delayed recovery of Chinese activity. Western Global has also been affected by high fuel prices attributed to ...
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NewsTurkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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NewsMNG Airlines and Golden Falcon terminate proposed business combination
Turkish logistics operator MNG Airlines has terminated its proposed business combination agreement with the specialised private equity company Golden Falcon Acquisition. MNG and Golden Falcon had disclosed the proposed combination in December last year, as part of the airline’s strategy to become a publicly-listed US company on the New York ...