News from FlightGlobal – Page 89
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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 ...
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsUS Airlines request extension of slot waivers at busy Northeast airports
US airlines have asked the Federal Aviation Administration to extend slot waivers at some busy airports in the Northeast USA through the end of October
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NewsNew business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsMongolia’s MIAT discloses initial routes for 787
Mongolian flag-carrier MIAT is to deploy its first Boeing 787 initially on services to Asia and Europe, as it prepares to put the twinjet on US routes. The airline is expecting shortly to take delivery of a 787-9, one of a pair being leased from AerCap under an agreement reached ...
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NewsNauru Airlines introduces 737-800 converted freighter
Micronesian carrier Nauru Airlines has introduced a Boeing 737-800 freighter to its fleet, claiming it to be the first of the model in the Australian region. Nauru Airlines has an operational base in Brisbane. It states that the 737-800F will expand its cargo capabilities, adding capacity to a fleet which ...
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NewsOman Air points to integration with SalamAir under restructuring initiative
Oman Air has indicated that closer ties with SalamAir are likely under a restructuring plan outlined by the flag-carrier’s chairman. The restructuring is intended to resolve continuing losses and mounting debts which have burdened the carrier since the Omani government withdrew from Bahrain-based Gulf Air in 2007 to concentrate on ...
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NewsBoeing stretches 777-8 passenger jet to match freighter’s fuselage
Boeing has increased the fuselage length on the 777-8 passenger jet, bringing it into line with the freighter variant.
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.
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NewsExpanding Jazeera Airways turns in profitable first half
Kuwaiti budget carrier Jazeera Airways is fitting lightweight seats to its expanding fleet, and intends to open additional routes before the end of this year. Jazeera turned in a KD6.27 million ($20.4 million) net profit for the first half. Although this was some 15% down on last year’s interim, the ...
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NewsAirAsia X, Batik Air Malaysia eye Central Asia foray
Malaysian regulators have awarded air traffic rights for flights to Central Asia to Batik Air Malaysia and AirAsia X, as it records an uptick in applications against pre-pandemic 2019.
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NewsUS freight carrier Western Global files for Chapter 11 to assist restructuring
Pressured US freight operator Western Global Airlines has voluntarily filed for Chapter 11 bankruptcy protection, as it seeks to implement a restructuring plan to cut debt and stabilise the business. Western Global, which operates Boeing MD-11 and 747-400 freighters, had disclosed in July that it was looking at options to ...
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NewsSun Country sees higher yields embedded post-Covid
Sun Country Airlines chief executive Jude Bricker believes higher fares post-Covid are now embedded, even if domestic demand has fallen from the spike seen in 2022.
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NewsIsraeli operator Israir to introduce another pair of A320s
Israir Group’s board has approved the introduction of another pair of Airbus A320s to develop the Israeli operator’s fleet. The two aircraft will be dry-leased and arrive in 2024, according to the company, if an agreement is finalised. Israir Group says the decision is part of a management plan to ...
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NewsCatania airport restores fire-hit terminal to operation after three weeks
Sicily’s Catania airport has resumed operations at Terminal A, three weeks after a fire forced its closure and led to substantial disruption to flights. The airport’s operator says the terminal re-opened on 5 August, with the arrival of an EasyJet flight from Milan Malpensa in the late evening marking the ...
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NewsCanada’s Chorus Aviation posts C$20m profit for second quarter
Canada’s Chorus Aviation reported a profit of C$20.3 million ($15.2 million) during the second quarter of 2023, boosted by aircraft leasing revenue, foreign exchange rates, parts sales, MRO activities and contract flying.
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NewsAvianca reports modest Q2 profit as it executes on post-restructuring business plan
Avianca posted a modest profit during the second quarter, benefiting from cost control, smooth operations and increased demand, rather than higher prices, the company says.
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NewsMSC strikes deal for Italian carrier AlisCargo
Transport and logistics specialist Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.
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NewsStrong market recovery helps Titan Airways to post record year
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it posted record revenues of £187 million ($237 million).