Latest Airlines news – Page 108
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NewsSAS introducing batch of leased E195s from Azorra
Scandinavian carrier SAS is leasing a batch of Embraer 195 regional jets from Florida-based lessor Azorra Aviation. SAS is undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. Among the various aspects of this programme is an overhaul of the airline’s fleet ...
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NewsChina’s ‘Big Three’ on track for profits in Q3 amid ‘positive’ international recovery: HSBC report
China’s three largest carriers could all turn profitable in the second half of the year on the back of improving revenue and passenger travel demand, according to a HSBC Global Research report.
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NewsQantas CEO Joyce announces early exit amid string of controversies
Qantas chief Alan Joyce will step down from the airline effective immediately – two months earlier than planned – amid mounting public anger over a string of controversies in recent weeks.
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NewsIndiGo parent tops up A320neo order and plans aviation finance arm
Indian budget carrier IndiGo’s parent company, InterGlobe Aviation, is to order another 10 Airbus A320neo twinjets. It has also approved the establishment of a new wholly-owned subsidiary, located in Gujarat, which will focus on financing of aviation assets. The company envisions an investment of up to Rs300 million ($3.6 million) ...
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NewsSAS recruits Seabury restructuring specialist as transformation officer
Scandinavian carrier SAS has named strategy and restructuring specialist Ginger Hughes as the company’s new chief transformation officer. SAS filed for US Chapter 11 bankruptcy protection in July last year, in order to undertake its ‘SAS Forward’ restructuring programme. Hughes was previously a senior manager at advisory firm Seabury Group ...
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NewsCourt rejects damages claim over Israeli airlines’ security levy
Israeli flag-carrier El Al, and other operators, have fended off a legal claim for damages over a security levy collected by the airlines as part of their fares. Two class-action claims filed with the central district court – one against El Al and a second against several Israeli airlines – ...
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NewsChinese carriers see surge in summer domestic traffic
Chinese domestic traffic during the summer period grew above pre-pandemic levels, even as international recovery remains sluggish.
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NewsIcelandair shuffles senior management as it combines revenue and customer activities
Icelandair’s chief operating officer, Jens Bjarnason, is stepping down from the role, to be succeeded by chief customer officer Sylvia Kristin Olafsdottir. The change is part of a senior management reshuffle at the carrier which also involves chief revenue officer Tomas Ingason moving to become chief commercial officer. Icelandair says ...
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NewsRestructuring SAS achieves first profitable quarter in four years
SAS has turned in its first profitable quarter for four years, with a third-quarter pre-tax surplus of SKr457 million ($41.6 million). It also generated a net profit of SKr461 million for the period, the three months to 31 July 2023, as revenues reached SKr13.2 billion. SAS chief executive Anko van ...
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NewsNorse Atlantic aims for first profitable quarter as 787 fleet is fully engaged
Scandinavian long-haul low-cost operator Norse Atlantic Airways is expecting to turn in its first quarterly profit over the summer months, having achieved full production of its fleet. Norse Atlantic generated an operating loss of $88.7 million for the first half including a $26.2 million loss for the second quarter. But ...
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NewsMonarch revival in doubt as funding runs out
An effort to revive UK leisure carrier Monarch Airlines has stalled, barely two weeks since its relaunch was announced.
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NewsRevenue jump helps privatisation target TAP swing to first-half profit
Privatisation target TAP Air Portugal turned a net profit of €22.9 million ($24.9 million) in the first half of the year, a marked improvement on losses at the same stage of 2022.
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NewsChina Southern confirms exit of A380
China Southern Airlines has retired its last two Airbus A380s, marking the type’s complete exit from the Chinese market after more than a decade of operations.
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NewsRex says pandemic’s ‘legacy effects’ to blame for full-year losses
Australia’s Regional Express (Rex) remained in the red in its full-year earnings, as it laid the blame on the “legacy effects” of the Covid-19.
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NewsChina Southern first of ‘Big Three’ to return to profitability as travel demand picks up
China Southern Airlines became the first of the country’s three largest carriers to eke out a small operating profit following the coronavirus pandemic, as its compatriots narrow their losses on the back of travel demand recovery.
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NewsRevived Monarch reveals new colour scheme and drops previous logo
Barely a week since its unveiling, the revived Monarch Airlines has changed its branding, ditching the logo and livery of the collapsed carrier that inspired it.
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NewsShare details reveal AMG Ventures stake in clean aviation start-up Ecojet
AMG Ventures, a business accelerator run by consultancy Airline Management Group, has taken a small stake in Ecojet Airlines as part of its backing for the environmental start-up.
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NewsSupply chain woes slow AirAsia fleet recovery
AirAsia Aviation has blamed supply chain woes for delays in restorying its full fleet to service, as it reiterates its commitment to long-term fleet growth.
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News‘Confident’ AirAsia Aviation targets network recovery by year-end amid Q2 profits
AirAsia Aviation Group targets to fully recover its network by the end of this year on the back of strong leisure travel demand, which it expects to peak in the coming months.
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NewsIATA argues NATS ‘fiasco’ should spur rethink of passenger-rights legislation
Preliminary assessment of the UK air traffic control failure of 28 August indicates it related to flight data the air navigation service NATS received, and was not the result of a cyberattack. But airline representatives are demanding an overhaul of passenger rights legislation after arguing that, unlike carriers, NATS is ...