All articles by David Kaminski-Morrow – Page 4
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Uzbek carrier My Freighter leases additional 767 cargo jets
Uzbek carrier My Freighter has entered a lease agreement for another pair of Boeing 767-300 converted cargo jets. It has reached the deal with US-based Air Transport Services Group subsidiary Airborne Global Leasing. Tashkent-based My Freighter’s chief, Abdulaziz Abdurakhmanov, says the agreement is a “significant milestone” which “strengthens our service ...
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Norwegian cuts full-year profit outlook over softer traffic and higher costs
Scandinavian budget carrier Norwegian has revised downwards its full-year operating profit forecast, to NKr2.1-2.6 billion ($199-246 million) – including the contribution from newly-acquired regional operator Wideroe.
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Play names former Bluebird Nordic executive as finance chief
Icelandic budget carrier Play has named Ruta Dabasinskaite-Vitke as its new chief financial officer, succeeding Olafur Thor Johannesson.
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Shell reviewing Rotterdam sustainable aviation fuel plant after slowing construction work
Shell is to review its plans for a Dutch sustainable aviation fuel facility, and will halt construction work while it assesses the project. The company disclosed in September 2021 that it would build a biofuel facility in Rotterdam, on a site formerly known as the Pernis refinery. It added that ...
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Norwegian airports operator expands remote-tower programme to seven more sites
Norwegian airports operator Avinor is to expand its remote-tower programme to another seven regional sites. Avinor has identified the additional airports as Batsfjord, Vadso, Sorkjosen, Sandane, Mosjoen, Orsta Volda, and the new facility for Mo i Rana. The organisation formally opened a remote-tower centre in Bodo in October 2020, through ...
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Former Avianca fleet director to head start-up Avion Express Brasil
Wet-lease specialist Avia Solutions Group has appointed a chief executive for its Latin American start-up Avion Express Brasil.
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Qatar Airways Group generates strong full-year net profit
Qatar Airways Group has turned in a full-year net profit of QR6.1 billion ($1.7 billion), up nearly 40%, on revenues of QR81 billion. It states that the figures amount to a record full-year performance for the company. The Doha-based airline says passenger numbers increased more than a quarter to over ...
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Strategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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IAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
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Airbus could still pick up Spirit AeroSystems entities in Scotland and Malaysia
Airbus’s framework agreement with Spirit AeroSystems shows that the aircraft manufacturer might yet acquire Scottish or Malaysian operations of Spirit if a third-party buyer does not emerge. Both Sprit’s Glasgow Prestwick division and its Subang airport arm in western Kuala Lumpur supply components for Airbus programmes. Neither has been included ...
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Airbus chief: Acquisition of Spirit A350 and A220 work unexpected but necessary
Airbus chief executive Guillaume Faury admits that the airframer was not expecting to be negotiating an acquisition of key aircraft programmes from beleaguered US firm Spirit AeroSystems, but insists it is necessary and that Airbus is ready to absorb them.
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CargoLogicAir administrators wrestle to recover deleted vital records
Joint administrators of former UK-based freight carrier CargoLogicAir are pressuring software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn. CargoLogicAir, which operated a fleet of Boeing 747 freighters, was linked to Russian freight company Volga-Dnepr Group. Sanctions imposed over the Ukrainian conflict ...
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Boeing and Airbus agree to split up Spirit AeroSystems’ operations
Boeing has confirmed it will take over US-based aerostructures firm Spirit AeroSystems in an $8.3 billion agreement, including net debt, with Airbus poised to acquire its key programmes from the company. The all-stock transaction has an equity value of $4.7 billion, with each share of Spirit stock being exchanged for ...
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SAS restructuring aid cleared by European Commission
Scandinavian operator SAS has secured European Commission approval for a restructuring aid package worth up to €1.3 billion ($1.4 billion) intended to support the company’s efforts to achieve long-term sustainability. SAS has been undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. ...
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Indian airports to be checked for structural safety after fatal Delhi terminal roof collapse
India’s civil aviation minister indicates that the government is set to check airports throughout the country after the fatal collapse of a terminal roof at Delhi’s Indira Gandhi international airport – the second airport structural incident in the space of two days.
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Geneva airspace restored to full capacity after rainfall flood at air traffic centre
Swiss air navigation service Skyguide has restored full capacity to Geneva airspace, more than two days after flooding disrupted operations an air traffic management control centre. Skyguide says the flooding, following a heavy thunderstorm on 25 June, affected the facility’s data centre and, specifically, the cooling systems. The risk of ...
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Icelandair prepares for Airbus arrival with simulator acquisition
Icelandair is reinforcing its training regime ahead of introducing Airbus single-aisle jets with an A320neo-family simulator.
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New Polish hub airport pushed back to 2032 after government revises programme
Poland’s government has endorsed the country’s new hub airport project, although the programme has been revised and it will not open until 2032.
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Shipping firm MSC to pick up Rome operator’s stake in Genoa airport
Cruise and logistics firm MSC Group is looking to acquire a 15% shareholding of the company which runs Italy’s Genoa airport.
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Air India hikes capacity to London Heathrow with A350 deployment
Air India is to increase capacity on the Delhi-London Heathrow route by deploying its new Airbus A350-900s on the sector from September. The airline operates a mix of Boeing 777-300ERs and 787-8s on the route. But from 1 September, it states, 14 of its 17 weekly flights will be operated ...