Latest Airlines news – Page 75
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NewsSAS switching from Star Alliance to SkyTeam at end of August
Scandinavian carrier SAS is to leave Star Alliance for SkyTeam at the end of August, following the recapitalisation by a consortium which includes SkyTeam partner Air France-KLM.
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NewsEarthquake disrupts flights in New York area
A magnitude 4.8 earthquake centred over New Jersey has led the Federal Aviation Administration to halt flights at Newark International airport and warn of broader flight disruptions.
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NewsIAero defends asset sale to Eastern Airlines in face of creditors’ exasperation
US operator IAero Group has defended the proposed sale of assets – including much of the IAero Airways fleet – to an entity associated with Eastern Airlines, strongly rejecting objections from creditors.
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NewsGovernment launches Pakistan International Airlines privatisation tender
Pakistan has formally launched the tender for a majority stake in its national carrier, seeking expressions of interest from potential bidders by 3 May.
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NewsRyanair to resume Israeli services as low-cost terminal becomes available
Budget carrier Ryanair is to restore services to Israel from early June, after a decision to re-open Tel Aviv Ben Gurion airport’s low-cost terminal.
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NewsAvia Solutions guaranteeing job to cadet pilots under BAA training scheme
Wet-lease specialist Avia Solutions Group is embarking on a pilot-training scheme which will provide cadets with financing support and a job guarantee with the group’s carriers.
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NewsSouthwind seeks legal recourse as it rejects European claims of Russian ties
Turkish carrier Southwind Airlines is rejecting allegations that it has connections with Russia, after being refused permission for operations to European destinations.
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NewsAir Canada returns to Singapore as it eyes region’s growth potential
Air Canada is seeing “very good” forward booking demand on flights between Vancouver and Singapore, and will increase frequencies between the two cities in December.
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NewsSurging passenger revenue helps Turkish Airlines continue strong profit run
Turkish Airlines continued its strong profit run since the pandemic, as double-digit increases in passengers and revenue pushed it to a full-year 2023 operating profit of almost $2.9 billion.
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NewsVirgin Atlantic ‘on course’ for profit return in 2024 after narrowing full-year loss
Virgin Atlantic chief executive Shai Weiss sees the UK carrier returning to profit this year after narrowing its pre-tax loss before exceptional items to £139 million ($175 million) in 2023.
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NewsUnsecured creditors dismayed at proposed IAero asset sale
Unsecured creditors are objecting strongly to the proposed sale of US charter carrier IAero Airways’ assets, including nearly 30 aircraft, to an entity linked with Eastern Airlines.
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NewsRyanair hits revised passenger target for 2023-24 financial year
Ryanair booked 183.7 million passengers in its financial year ending 31 March 2024, in line with guidance it revised downwards after delays last year in deliveries of Boeing 737 Max jets.
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NewsCebu Pacific signs A330neo sale-and-leaseback deal with Avolon
Cebu Pacific has entered into a sale-and-leaseback transaction with lessor Avolon for four new Airbus A330neos.
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NewsKazakh regulator grants separate AOC to Air Astana budget carrier FlyArystan
Kazakh carrier Air Astana’s budget airline spin-off, FlyArystan, has secured its own air operator’s certificate, five years after it emerged.
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NewsVietnamese regulators flag aircraft shortage issue among local carriers
The Civil Aviation Authority of Vietnam (CAAV) has flagged a shortage of aircraft among local carriers, becoming the second regulator in as many days to highlight the issue.
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NewsGaruda reveals domestic focus as it eyes ‘small wins’ following profitable 2023
Garuda Indonesia will focus on its domestic operations – and be “selective” on international expansion – as it continues to grow its fleet this year.
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
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NewsAvion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...