Latest Airlines news – Page 119
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NewsRex blames ‘supply chain shocks’ in surprise loss forecast
Australia’s Regional Express expects to post an annual loss, in a sobering about-face from its optimism of returning to profitability earlier this year, as it blames supply chain “shocks” as well as a decline in business travel demand.
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NewsSiberia’s Yakutia could turn to Tu-214s for fleet modernisation
Siberian carrier Yakutia could introduce Tupolev Tu-214s as part of its fleet modernisation programme, under a governmental agreement. The government of the Sakha republic has formally expressed interest – through an agreement at an international economic forum in St Petersburg – in acquiring the type for Yakutia. Yakutia has indicated ...
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NewsSpain’s Privilege Style brings in A330-200 to replace 767
Spanish private and wet-lease operator Privilege Style has introduced an Airbus A330-200 which will replace the company’s Boeing 767-300ER. Set up in 2003, Privilege Style is based in Palma de Mallorca, and specialises in customised ad hoc services for corporate entities, sports teams, humanitarian organisations and tour operators. It identifies ...
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NewsCathay forecasts first half-yearly profit since 2019
Cathay Pacific Group is expected to report a profit for the first half of 2023 – its first since 2019 – amid a “strong rebound” in operating perfomance.
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NewsAfter 14 years, first Iraqi Airways 787 touches down in Baghdad
Iraqi Airways has taken delivery of its first Boeing 787, one of 10 that the Baghdad-based airline has on order. The Iraqi government originally reached the agreement for the twinjets in late 2009. “As domestic and international air traffic gains momentum, it’s crucial that our Iraqi Airways fleet matches ...
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NewsFedEx to ground more aircraft as profits come under pressure
Freight giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter due to “demand weakness and cost inflation”.
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NewsLufthansa continues non-core divestments with sale of business-travel payment arm
Lufthansa Group has divested its specialist corporate travel payments subsidiary AirPlus Servicekarten to the Swedish financial institution SEB Kort Bank. The sale is worth around €450 million ($495 million). Lufthansa Group had previously signalled that it was looking at divesting AirPlus, along with other non-core businesses, as part of a ...
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NewsAvolon satisfied with healthy order backlog
“Without question, the order book is exactly where we want it to be for the next three years,” says Andy Cronin, chief executive of global lessor Avolon, announcing the signing of a memorandum of understanding to order 20 Airbus A330neos at Paris air show on 21 June.
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NewsEmbraer eyes freighter conversion line in China as it reveals E-Jet P2F deal
Embraer signed a letter of agreement with Lanzhou Aviation Industry Development Group for 20 E-Jet passenger-to-freighter (P2F) conversions at the Paris air show on 21 June, in a deal that could see it establish a conversion facility in China.
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NewsTAAG picks up more A220s from leasing sector
Angolan flag-carrier TAAG is adding to its Airbus A220 leasing agreements by taking a pair of aircraft from Nordic Aviation Capital. The lessor is to supply -300 variants to the African operator. NAC says the jets are the first of its portfolio of A220s to be leased out. It has ...
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NewsAzul orders three more ATR 72-600s
Brazilian carrier Azul will take three more ATR 72-600 turboprops under a firm order announced at the Paris air show on 20 June.
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NewsLuxair becomes European launch customer for Boeing 737 Max 7
Luxembourg’s flag-carrier Luxair ordered four Boeing 737 Max 7 twinjets at the Paris air show on 21 June, becoming the European launch customer for the variant.
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NewsAngolan carrier TAAG to lease batch of A220s
Angolan flag-carrier TAAG is to introduce three Airbus A220-300s which will be acquired through a lease agreement. US-based lessor Azorra will supply the twinjets to the airline next year. “We are deeply committed to growing the company by leveraging our market share and destination portfolio,” says TAAG chief Eduardo Fairen. ...
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NewsCyprus Airways to lease two A220s
Cyprus Airways will take delivery of two A220-300 twinjets by the end of June, following the signing of a long-term deal with Air Lease.
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NewsVolaris to take 25 more A321neos
Mexican low-cost carrier Volaris will take 25 more Airbus A321neo twinjets, the airframer announced at the Paris air show today, citing a previously undisclosed purchase agreement signed in October 2022.
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NewsAirAsia’s Fernandes teases large aircraft order, eyes more widebodies
The AirAsia group of airlines “will definitely” be placing a large order for aircraft over “the next two years”, although it will not be adding to the flurry of order announcements at this year’s Paris air show.
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NewsIsrael’s El Al expands 787 fleet with lease of another pair
Israeli flag-carrier El Al has reached a lease agreement with Irish-based AerCap covering a pair of Boeing 787-9s. The aircraft will be delivered to the airline in the second quarter of 2025 and the first quarter of 2026. The carrier says the lease period is 15 years. El Al’s lease ...
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NewsAmerican Airlines orders seven Embraer E175s for Envoy Air
American Airlines signed a firm order for seven Embraer E175s at the Paris air show on 20 June.
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NewsLessor Azorra named as customer for 15 Embraer E195-E2s
Lessor Azorra has been named as the previously undisclosed customer for 15 Embraer E195-E2s.
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NewsBinter orders six more Embraer E195-E2s
Binter Canarias placed a firm order for six more Embraer E195-E2 aircraft at the Paris air show on 20 June.