Latest Airlines news – Page 93
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NewsEl Al firms tourism joint-venture with travel company Issta
Israeli flag-carrier El Al has firmed its agreement with travel company Issta following their tentative deal to establish a tourism and package-holiday joint venture. El Al says it will hold 60% of the new subsidiary’s shares while Issta takes the 40% balance. The venture will develop, market and sell tourism ...
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NewsSaudi start-up Riyadh Air unveils network co-operation pact with Turkish Airlines
Saudi Arabian start-up carrier Riyadh Air has provisionally agreed to enter a strategic co-operation with Turkish Airlines. The agreement is set to include codeshare and interline operations between Riyadh and Istanbul, and the deal will also cover “points beyond”, the Saudi carrier says. “Guests of both airlines will be able ...
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NewsVietjet teams up with Dubai lessor Novus for financing, SAF
Dubai-based lessor Novus Aviation Capital and low-cost carrier Vietjet Air have signed memorandums of understanding for an aircraft leasing vehicle and for the supply of sustainable aviation fuel (SAF) in Vietnam.
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NewsIsrair acknowledges renewed merger interest from leisure carrier Arkia
Israir Group has acknowledged an approach from fellow Israeli leisure operator Arkia regarding a potential tie-up between the two airlines. It has not given details of any proposal, and points out that the contact is preliminary. Israir Group states that it examines applications for “various business opportunities” from companies and ...
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NewsAir Malta successor carrier set for bookings launch after securing AOC
Planned new national carrier KM Malta Airlines is to set to open for bookings on 4 December after securing its air operator’s certificate.
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NewsVolotea commercial chief Gonzalez takes on newly created general manager role
European low-cost carrier Volotea has appointed chief commercial officer David Gonzalez to the newly created role of general manager, where he will co-ordinate the company’s global commercial, strategic, operational and cost control activities.
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NewsChina Eastern adds long-haul services, as Vistara adds 50th destination
Carriers in the Asia-Pacific are adding capacity, with an emphasis on leisure destinations as the holiday season approaches.
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NewsAirAsia pushes back full fleet recovery to 2024
AirAsia Aviation has postponed its forecast of a full fleet recovery, putting a roadblock in efforts to fully restore pre-pandemic capacity amid an uptick in travel demand.
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NewsAirAsia Aviation eyes profitable 2023, helped by ‘lessening competition’ and strong demand
AirAsia Aviation Group expects to report a profitable 2023, as travel demand continues to hold strong through the year-end, and as it reaps the benefits of “lessening competition”.
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NewsTurkish Airlines and Vietnam Airlines consider cargo joint venture
Turkish Airlines and Vietnam Airlines yesterday signed an agreement to cooperate on air cargo with the possibility of forming a joint venture in the future.
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NewsEl Al takes steps to mitigate conflict impact after profitable third quarter
Israeli flag-carrier El Al expects a 5-10% reduction in capacity over the fourth quarter, as a result of the Gaza conflict, and a fall in load factor, but it has yet to estimate the impact on the first quarter of next year. El Al says it experienced initial high demand ...
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NewsSAS to reduce ‘complex’ mainline wet-leasing arrangements next year
SAS is looking to cut back on the number of wet-lease agreements it has entered, in order to simplify its operation as it emerges from US Chapter 11 protection. The airline’s full-year financials show that wet-lease expenditure increased substantially, to SKr2.6 billion ($250 million), compared with pre-crisis figures of around ...
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NewsImproved SAS commercial performance 'cloaked' by fuel and currency effects
Scandinavian carrier SAS has turned in a full-year operating loss of SKr2.7 billion ($260 million) and net loss of SKr5.7 billion, as it enters the final stages of its restructuring programme under US Chapter 11 protection. Revenues for the year reached SKr42 billion, as passenger numbers rose by one-third to ...
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NewsStrong short-haul demand lifts October traffic: AAPA
A “healthy travel appetite” – especially in the short-haul market – boosted international passenger traffic among Asia Pacific carriers in October, with near-term prospects still looking positive.
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NewsIsrair shelves plan for additional A320s at least until Gaza conflict subsides
Israeli leisure carrier Israir Group has suspended plans to introduce another pair of Airbus A320s next year, as a result of the Gaza conflict. The airline has been operating six A320s this year – two owned and four on long-term dry lease – and it tentatively agreed in August to ...
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NewsAvia Solutions expands Asian reach with new Thai division for BBN Airlines
Avia Solutions Group is establishing a new airline operating in Thailand, extending the presence of its BBN Airlines brand following its creation of an Indonesian division. The new operator, BBN Airlines Thailand, is intending to offer wet-lease and passenger charter activity to customers in the region. It will use a ...
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PodcastAirline Business Podcast: Widebody wins in Dubai and air cargo's turbulent descent
In the latest instalment of the Airline Business Podcast – sponsored by Panasonic Avionics – Graham and Lewis discuss the aircraft orders placed at this year’s Dubai air show and what they might mean for capacity growth in the region, particularly when it comes to widebody jets.
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NewsResumption of US-China flights a headwind for Cathay long-haul recovery: HSBC
HSBC warns that the resumption of direct flights between Mainland China and the USA could impact Cathay Pacific’s long-haul traffic, even as the Hong Kong-based carrier rebounds to a strong recovery this year.
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NewsAegean shareholders indicate preference for ending Greek government’s right to diluting stake
Aegean Airlines has signalled that its shareholders favour buying back warrants relating to pandemic compensation, rather than allow the Greek government to exercise its right to take a diluting share in the carrier. The Greek government provided €120 million ($132 million) to compensate the company for losses caused by the ...
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NewsNigeria’s Ibom takes first A220 from order for 10
Nigerian operator Ibom Air has received its first new Airbus A220-300, one of 10 ordered by the carrier. Ibom Air has already gained experience with A220s operations after it temporarily leased a pair from EgyptAir in 2021. It subsequently disclosed an order for 10 of the twinjets during the Dubai ...