All articles by Pilar Wolfsteller – Page 32
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Spirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
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Gol CEO Kakinoff to step down, Ferrer to take helm
Longtime Gol chief executive Paolo Kakinoff will step down from his post in July, with current chief operating officer Celso Ferrer to succeed him as CEO.
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United to ‘gradually’ return PW4000-powered 777s to service from 26 May
At the end of this month, United Airlines plans to begin “gradually” reintroducing to service its 52 Pratt & Whitney PW4000-powered Boeing 777s that have been grounded since February 2021 following an in-flight engine failure.
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FAA eVTOL certification changes could affect pilot training requirements
Developers of next-generation electric vertical take-off and landing (eVTOL) aircraft are taking the news that the Federal Aviation Administration is reviewing the certification requirements for the aircraft in their stride.
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Copa touts business model in the face of Abra challenge
Copa Airlines is confident it can overcome challenges the new tie-up between Avianca and Gol will present in Latin America, though the deal does create uncertainty about Copa’s planned joint venture with Avianca and United Airlines, Copa’s chief executive says.
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Copa posts $20m profit in first quarter, warns of high jet fuel prices
Copa Holdings, the parent of Panama’s Copa Airlines, says the first quarter of 2022 was profitable, but higher jet fuel prices will weigh on earnings during the next few months.
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Spirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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LATAM sees ‘substantial improvement’ in quarterly results
LATAM Airlines Group reports “substantial improvement” in earnings during the first quarter of 2022, though market conditions remained challenging for the Chilean flag carrier.
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Hawaiian invests in Regent seagliders
Hawaiian Airlines has made a strategic investment in all-electric seaglider developer Regent, viewing the company’s in-development craft as having potential to operate inter-island routes.
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Avianca and Gol join to form holding company
Latin American carriers Avianca and Gol have agreed to join operations under a UK-based holding company while maintaining individual brands, a move intended to create long-term stability in the post-coronavirus environment.
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NTSB blames FAA for fatal air tour helicopter crash
The US National Transportation Safety Board (NTSB) has blamed the Federal Aviation Administration for failing to implement safety recommendations that could have prevented a fatal helicopter crash in Hawaii in 2019.
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Republic Airways seeks exemption from 1,500h pilot rule to alleviate shortage
US regional carrier Republic Airways has filed for an exemption to pilot aeronautical experience requirements set by the Federal Aviation Administration, in an effort to alleviate the pilot shortage.
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Mesa fiscal second quarter ‘very disappointing’
Mesa Airlines, which flies regional jets for United Airlines, American Airlines as well as Boeing 737 freighters for DHL, continues to suffer under pilot attrition, leading it to post a loss for the second quarter of fiscal 2022.
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Archer co-founder Adcock resigns from board weeks after leaving CEO post
Archer Aviation co-founder Brett Adcock has resigned from the company’s board of directors effective immediately, less than three weeks after he stepped down from the co-chief executive post.
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Corporate travel, cargo drives Azul’s earnings higher
Brazil’s Azul reported sharply higher revenue during the first quarter of 2022 as corporate travel increases and the company’s logistics business thrives.
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Breeze introduces routes in the western USA
Breeze Airways is adding the Salt Lake City area to its route map as it launches flights within the western USA.
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Sun Country reports profit as scheduled service demand soars
Sun Country Airlines has reported a first-quarter profit as customer demand in its scheduled service segment grew quickly following an Omicron-driven dip early in the year.
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Atlas’ long-term dedicated-freighter contracts drives higher earnings
Atlas Air Worldwide Holdings, the parent of Atlas Air, says long-term contracts for dedicated freighter capacity are fueling growth and profits, and driving fleet expansion.
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Spirit cites anti-trust ‘red flags’ in rejecting JetBlue bid
A myriad of anti-trust issues convinced Spirit Airlines’ board to reject JetBlue Airways’ offer to acquire it, and to pursue the original proposal from Frontier Airlines.
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Spirit Airlines doubles revenue in Q1, saw ‘dramatic improvement’
Spirit Airlines doubled sales in the first quarter as demand trends showed a “dramatic improvement” in the later part of the period.