Latest Airlines news – Page 168
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NewsGreater Bay Airlines gets airborne in low-key launch
Hong Kong start-up Greater Bay Airlines has officially taken to the skies, though its long-awaited launch was marked by little fanfare.
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NewsRyanair retains Lauda A320 leases as renewal options dry up
Ryanair has opted to retain Airbus A320s operated by its Austrian division Lauda Europe, having been unable to reach agreement on a new Boeing 737 deal. It will extend leases on “most” of the leases on Lauda A320s by up to four years – taking them to 2028. Ryanair says ...
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NewsProfitable Ryanair reluctant to offer full-year forecast in ‘fragile’ market
Budget carrier Ryanair believes the air transport market remains too fragile to predict full-year financial results, despite turning in a profitable first quarter. The potential for new coronavirus variants emerging in the autumn, and the effects of the Ukrainian conflict, it says, show the market is “fragile” and any recovery ...
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NewsIcelandair Group optimistic over second-half profitability
Icelandair Group has generated a second-quarter profit of $4 million, and is optimistic that its second half will be profitable and include a “significantly stronger” third quarter. The company says it achieved positive earnings despite fuel prices more than doubling. Icelandair Group expects capacity to recover to 10% down on ...
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NewsSAS seeks time to gather Chapter 11 financial data after strike strains resources
Scandinavian operator SAS has sought additional time to gather and submit details of its financial affairs for US Chapter 11 proceedings, citing the stretching of its resources during the recent pilots’ strike. SAS and 13 affiliate and subsidiary companies filed for Chapter 11 protection on 5 July, the day after ...
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NewsSAS ends two-week pilot strike with breakthrough agreement
Scandinavian carrier SAS has reached an agreement with its pilots which will end a two-week strike by cockpit crews. The five-and-a-half year collective bargaining deal, covering all four SAS pilot unions, followed a renewed period of mediation after pilots commenced industrial action on 4 July. SAS says the agreements “imply” ...
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NewsRussia’s GTLK pursues retrieval of leased fleet from SKOL
Russian state leasing firm GTLK is aiming to retrieve aircraft quickly from operator SKOL, after disclosing that a Kaliningrad court has declared the airline bankrupt. SKOL had already been struggling after federal air transport regulator Rosaviatsia took steps a year ago to cut the airline’s fleet over unpaid debts. According ...
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NewsEmirates climbs down from defiant stance over Heathrow capacity cuts
Middle Eastern carrier Emirates has backed away from its refusal to co-operate with newly-imposed London Heathrow capacity limits, following a meeting with the airport’s operator. Emirates had been infuriated by the airport’s request that airlines stop selling tickets for the summer season in order to cap daily departing passengers at ...
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NewsLufthansa Group expects to report Q2 profit despite passenger airline loss
Lufthansa Group expects to report an operating profit for the second quarter of 2022, driven by the performance of its cargo and MRO units.
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NewsSaudi Arabia opens airspace to all civil airlines including Israeli carriers
Saudi Arabian authorities have chosen to open the kingdom’s airspace to all civil carriers, including operators conducting services to and from Israel. The decision is a crucial step forward in the efforts to broaden Israeli-Arab links following the signing of the Abraham Accords in 2020. This agreement resulted in normalisation ...
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NewsAustralia’s Rex to acquire fly-in, fly-out carrier National Jet Express
Australia’s Regional Express Holdings is to take over National Jet Express, the regional services arm of Cobham Aviation Services Australia. National Jet Express provides fly-in, fly-out services in the south and west of the country, and also operates domestic freight flights out of Sydney to various cities. The carrier uses ...
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NewsFurious Emirates to defy ‘unacceptable’ Heathrow capacity cap
Middle Eastern carrier Emirates is set to defy instructions by London Heathrow airport’s operator to impose a capacity cap, furiously rejecting the demand as “unacceptable”. It is accusing the airport of having “blatant disregard” for passengers by trying to enforce a daily capacity limit of 100,000 departing passengers. Emirates insists ...
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NewsStrike-hit SAS warns it could be forced into ‘radical’ downsizing
SAS is estimating the cost of the pilots’ strike at SKr1-1.3 billion ($94-123 million) over the first 10 days, and warns that it could be forced to resort to selling assets and cutting back its operations. The company – which has filed for US Chapter 11 protection – has been ...
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NewsAir France-KLM firms Apollo’s €500m investment through spare engine pool
Air France-KLM Group has signed a €500 million ($501 million) investment agreement with private equity company Apollo Global Management, after the two sides entered talks for a capital injection earlier this year. The agreement involves investment in an operating affiliate of Air France which will own a spare engine pool ...
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NewsVirgin Atlantic unveils A330neo cabin and names Boston as route for October debut
Virgin Atlantic expects to begin operations with its first Airbus A330neo in October this year on its London Heathrow-Boston route, the carrier announced on 12 July as it unveiled its cabin for the type.
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NewsWizz Air cuts back summer capacity to contain operational disruption
Budget carrier Wizz Air is limiting summer capacity growth to around 35% compared with the pre-crisis level, in order to reduce risks of operational disruption over the peak period. The airline says it has “further improved the agility and resilience of our network”, measures which include adjusting schedules where a ...
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NewsEl Al resolves pilot dispute with new operations and salary pact
Israeli flag-carrier El Al has reached an agreement with its pilots aimed at settling a dispute over salaries which has caused disruption to the airline’s operations for several weeks. El Al says the agreement – signed by its pilot committee as well as the trade union centre Histadrut – will ...
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NewsRolls-Royce targets Beluga as Antonov alternative
Rolls-Royce and Airbus are exploring the potential use of the A300-600ST Beluga outsize transport for the ad hoc movement of large civil aircraft engines.
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NewsSAS secures court approval to continue operating under Chapter 11
Scandinavian carrier SAS has obtained court approval to continue operating as normal, following its filing for US Chapter 11 protection. The company has been granted clearance to continue operating as an airline, pay employees’ wages, suppliers’ fees, and taxes, and honour customer programmes including its EuroBonus loyalty scheme. SAS had ...
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NewsJet2 chair lambasts ‘atrocious’ service from ‘ill-prepared’ UK airports
UK budget carrier Jet2’s executive chair has issued a scathing opinion over the readiness of its base airports to deal with recovering passenger demand, describing them as being “woefully ill-prepared”. Philip Meeson says “most” of the airline’s 10 base airports in the UK have been “poorly resourced” for the volume ...