All articles by Graham Dunn – Page 27
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NewsItaly hit with further state aid recovery ruling from Alitalia
European regulators have found Italy must recover a further €400 million ($430 million) of state aid granted to the country's former flag carrier Alitalia, though an earlier ruling means successor ITA Airways is not be liable for the repayment.
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NewsKenya Airways stays in the red despite 2022 revenue jump
Kenya Airways remained loss-making in 2022 as foreign exchange headwinds hit the carrier’s performance, countering a jump in revenues to within 5% of pre-pandemic levels.
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NewsUK launches noise consultation on night-flights policy at London airports
UK officials have a launched a consultation aimed at developing policy for managing aviation noise at night for London three biggest airports: Heathrow, Gatwick and Stansted.
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NewsVirgin Atlantic to launch Korean codeshare
New SkyTeam member Virgin Atlantic will begin a codeshare with fellow alliance member Korean Air from 25 March.
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NewsTurkish Technic rolls out first Boeing 777 in IndiGo colours
Turkish Technic has shown off in IndiGo colours the first of a pair of high-density Boeing 777-300ERs that the Indian carrier is wet-leasing from Turkish Airlines.
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NewsTAP Portugal returns to net profit for first time since 2017
Privatisation-target TAP Portugal returned to the black last year after posting a net profit of €65.6 million ($70.3 million) for 2022.
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Airline BusinessCarsten Spohr on how Lufthansa is back on the front foot
If the impact of the pandemic continues to be felt by both its airlines and the wider industry this year, new product investments and acquisition moves underline Lufthansa Group chief executive Carsten Spohr’s determination that this should not prevent it from regaining the initiative.
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NewsAir France-KLM repays last of French Covid-19 state aid
Air France-KLM has today repaid the remaining €2.5 billion ($2.7 billion) from the €4 billion French state-backed loan it was granted during the Covid-19 crisis.
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Airline BusinessSaudi aircraft orders underscore home carrier ambitions
Any questions about the ambitions of Saudi Arabia’s newly established Riyadh-based national airline were quickly answered by an opening fleet commitment for up to 72 Boeing 787-9s.
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NewsRiyadh Air to take up 72 Boeing 787s, Saudia to sign for 49 more Dreamliners
National start-up carrier Riyadh Air is take up to 72 Boeing 787-9s, including plans for firm orders for 39 Dreamliners, as part of a wider Saudi Arabian commitment which will see Saudia also sign for up to 49 more of the widebodies.
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NewsFirst Airbus A380 redelivered to Etihad after pandemic grounding
Gulf operator Etihad Airways has taken redelivery of its first example of an Airbus A380 ahead of returning the ultra-large jet to service this summer.
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Airline BusinessAirlines struggle to fast-track consolidation
It is not without reason that the airline industry is one of the least consolidated sectors globally. Regular competition issues are compounded by the inherently international nature of the business, which for a majority of operators involves connecting cities in different countries, even if the consolidation itself is not cross-border.
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Airline BusinessCathay profit return signals strength of airline sector recovery
Of all the recent disclosures of airline profit returns, of which there have been many, few seem as notable as that of Cathay Pacific.
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NewsDeliveries key as Qatar Airways adds seven new routes in major expansion
Qatar Airways will add seven new services and restore flights to 11 more destinations as part of a major expansion, though chief executive Akbar Al Baker acknowledges launch dates will be dependent on when the carrier receives its new aircraft deliveries.
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NewsStrong yields drive Pegasus to profits high in 2022
Turkish carrier Pegasus Airlines jumped back to the black last year in posting a record operating profit of €633 million ($674 million) driven by a more than doubling in revenues.
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NewsPortugal dismisses TAP chief and chairman
Portugal’s finance minister has dismissed TAP Portugal’s chairperson Manuel Beja and chief executive Christine Ourmieres-Widener following a report into a controversial severance payment to a former TAP administrator.
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NewsLufthansa take cautious view on capacity as constraints remain
Lufthansa Group continues to be wary of growth constraints from wider supply chain challenges this year as it expects capacity to climb to between 85-90% of pre-pandemic levels.
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NewsLufthansa highlights southern hub role as ITA talks continue
Lufthansa Group chief executive Carsten Spohr sees the Rome Fiumicino hub of acquisition target ITA Airways as better positioning it to serve southern hemisphere markets as talks on a deal continue.
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NewsTalks under way over possible partial sale of Lufthansa Technik
Lufthansa has begun talks with potential investors over the possible partial sale of Lufthansa Technik, though the MRO unit will remain a key part of the airline group.
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NewsLufthansa confirms strong rebound to profit in 2022
Lufthansa Group is projecting a “further significant improvement” in profit this year after confirming its return to the black in 2022 with an adjusted EBIT of €1.5 billion ($1.6 billion).