Latest Airlines news – Page 103
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NewsBonza sees first high-profile executive departure as commercial chief steps down
The commercial chief of Australia’s Bonza will leave the carrier at the end of the year, marking the start-up’s first high-profile departure since it began operations in January.
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NewsEasyJet enters formal pact with Airbus to offset emissions through carbon-capture
UK budget carrier EasyJet has signed up to Airbus’s new carbon-capture programme, the first operator to reach a formal agreement over the initiative. EasyJet had been revealed last year as one of seven operators which had tentatively agreed to explore the Airbus carbon-removal scheme. It is based on direct air ...
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NewsFinnair to cut debt costs and reinforce finances with €600m share issue
Finnair is intending to reinforce its financial position with a share issue aimed at raising €600 million ($632 million) during the fourth quarter of this year. The airline says the Finnish government, its main shareholder, is supporting the rights issue, along with other interested parties. Finnair says it will use ...
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NewsThales CEO sees more efficient flightpaths offering significant fuel savings
Patrice Caine of Thales says that improved flightpaths can have a significant impact on industry emissions in the immediate term.
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NewsFounding boss of MYAirline bows out citing health reasons
Rayner Teo sheparded MYAirline through the start-up process, leading to its launch in December 2022.
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NewsAir India shows off initial A350s with new colour scheme
Air India has shown off its new livery painted on the initial Airbus A350-900 aircraft due to join the flag-carrier’s fleet. The airline has orders for six A350-900s and 34 A350-1000s. Source: Air India It has revealed an aircraft at Toulouse – bearing the manufacturer’s serial number ...
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NewsLOT to expand fleet, and refit 787s, as part of five-year strategy
Polish flag-carrier LOT aims to increase its fleet by 50%, to around 110 aircraft, over the next five years, part of a newly-unveiled strategic path. The airline adds that, over the 2024-28 period, it seeks to lift passenger numbers by 70% to nearly 17 million. LOT intends to add another ...
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NewsLoganair owners halt moves to sell carrier
Scottish regional carrier Loganair’s shareholders Stephen and Peter Bond are to remain as owners of the company “for the foreseeable future”, a year after detailing plans to look to sell their stake.
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News‘Airline sweet spot may have got sweeter’: IATA chief economist
The global airline industry’s fortunes have improved since IATA’s mid-year financial forecast for the industry, according to the association’s chief economist Marie Owens Thomsen, with positive factors continuing to more than offset negative ones.
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NewsAAPA flags costs, supply chain challenges, as travel boom lifts recovery
The Association of Asia Pacific Airlines (AAPA) has warned of challenges posed by ongoing supply chain issues and rising costs, amid “resilient” travel demand boosted by tourism growth.
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NewsMalta puts hopes on higher load factors and profitable routes for successor carrier
Malta’s government believes an eight-strong fleet together with a right-sized network and staff levels will enable its planned successor carrier to Air Malta to be profitable.
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NewsRoyal Jordanian restructures capital to reduce large accumulated losses
Royal Jordanian Airlines has agreed a restructuring of the carrier’s capital, in order to reduce the company’s accumulated losses which amounted to nearly JD400 million ($564 million) at the end of last year. The airline stated in its annual report for 2022 that accumulated losses exceeded the company’s capital, noting ...
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NewsAir France-KLM has potential avenue to becoming controlling SAS shareholder
While Air France-KLM Group would initially have a non-controlling stake in Scandinavia’s SAS, the company has indicated that the investment agreement includes a potential avenue to becoming a controlling shareholder. Air France-KLM’s emergence as a participant in the investment consortium for SAS underlines its strategy to help drive consolidation, and ...
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NewsBrunei start-up Gallop Air targets Q3 2024 launch in search for investors, partners
China-backed Bruneian start-up Gallop Air is hoping to launch services in the third-quarter of 2024, as it looks to find backers and “local partners” – in addition to securing its air operator’s certificate (AOC).
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NewsRussia’s Aeroflot Group reaches fleet settlement with another lessor
Russian operator Aeroflot Group has disclosed a settlement with Irish lessor SMBC Aviation Capital, covering 17 aircraft. The settlement relates to foreign-built aircraft which were retained by Russian airlines in the aftermath of international sanctions imposed over the Ukrainian conflict. Aeroflot says that, under the agreement reached, the lessor has ...
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NewsSAS to leave Star for SkyTeam after picking Air France-KLM and Castlelake as investors
Scandinavian carrier SAS has identified Air France-KLM, and financial firms Castlelake and Lind Invest – along with the Danish government – as participants in the successful consortium to provide investment under the company’s equity solicitation process. SAS will eventually become a member of the SkyTeam alliance, leaving its position in ...
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NewsAzerbaijan’s Silk Way West receives first 777F
Azerbaijani cargo operator Silk Way West Airlines has taken delivery of its first Boeing 777 freighter, following an order disclosed two years ago. The Baku-based carrier signed for five 777Fs and, a year ago, supplemented the agreement with a pair of 777-8Fs, with combined deliveries running to 2030. Its first ...
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NewsAircraft supply woes could weigh on airline net-zero effort: Walsh
Aircraft supply challenges have the potential to slow the airline industry’s progress towards its net-zero goals, in the view of IATA director general Willie Walsh.
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NewsSouth African government challenges deadline for decision on Mango sale
South Africa’s public enterprises ministry is seeking to appeal a court decision last month requiring it to decide within 30 days on a proposed sale of low-cost carrier Mango Airlines.
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NewsThailand’s Nok Air widens annual loss as rising fuel costs bite
Thai low-cost operator Nok Air widened its full-year net loss in 2022 despite a significant increase in passenger travel revenue, as the carrier was hit with a heftier fuel bill.