Latest Airlines news – Page 98
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NewsAir India powers up international network, as Sydney airport sees China growth
Air India is using the arrival of new aircraft to strengthen its network, while Sydney airport has seen Chinese carriers mount a strong return this year.
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NewsIsrair cuts back fleet and rejigs operation in response to Gaza conflict
Israeli leisure carrier Israir has effectively halved its operational fleet as part of its response to the air transport disruption triggered by the Israel-Gaza conflict. The airline says it had been operating nine aircraft before the conflict began on 7 October, but has reduced this to “three or four”, states ...
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NewsJazeera cites yield pressure as third-quarter profits halve
Kuwaiti budget carrier Jazeera Airways’ net profit halved during the third quarter, to just under KD7 million ($22.7 million). The carrier’s revenues dipped slightly to KD61 million despite a 28% rise in passenger numbers to 1.38 million for the three months to 30 September. Jazeera expanded its fleet with the ...
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NewsGrounded MYAirline says four A320s remain with carrier
Grounded Malaysian carrier MYAirline says that just six of its 10 Airbus A320 aircraft have been de-registered, denying local reports that all the jets have been returned to lessors.
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NewsAir NZ to suspend Hobart, Seoul services owing to engine woes
Air New Zealand will suspend two international routes owing to expected availability issues with the Pratt & Whitney PW1100G and Rolls-Royce Trent 1000 engine.
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NewsUkraine’s Supernova plans all-cargo transatlantic services to US destinations
Ukrainian carrier Supernova Airlines is seeking to open widebody freighter services to US destinations, initially New York. The airline is affiliated with the e-commerce and logistics companies Nova Post and Nova Global, and has a pair of Antonov An-26s leased from United Arab Emirates-based Expedition Aviation. Nova Global says it ...
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NewsRyanair cautions over 737 Max deliveries as it sets out full-year profit forecast
Ryanair is expecting full-year net profit of up to €2.05 billion ($2.2 billion) despite higher fuel costs and uncertainties over Boeing 737 Max deliveries. The airline cautions that up to 10 of the 57 737s due for delivery before summer 2024 could be delayed until the winter season. “We are ...
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NewsGaruda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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NewsRoyal Jordanian confirms profitable third quarter while bracing for conflict impact
Royal Jordanian has disclosed that it achieved a JD27.5 million ($38.8 million) net profit for the third quarter, taking the profit at the nine-month mark to JD10.8 million. This performance contrasts with the corresponding net losses of JD861,000 and JD71.6 million during the previous year. Over the quarter the company ...
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NewsSAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...
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NewsNorse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
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NewsUS government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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NewsIndiGo ramps up mitigation measures as GTF groundings grow
IndiGo is maintaining its full-year capacity guidance as it intensifies mitigation measures in response to news that more of its Pratt & Whitney geared turbofan (GTF)-powered aircraft will be grounded in the coming months.
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NewsKuwait Airways seeks profitability but near-term privatisation unlikely: chairman
Kuwait Airways’ new chairman is not expecting any near-term revival of plans to privatise the airline, indicating it will remain a government-owned operator. Potential privatisation has been a drawn-out saga, dating back more than 15 years. The initiative to sell a large shareholding would intermittently gain momentum, only to be ...
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NewsIndiGo overcomes seasonal weakness to report profitable second quarter
IndiGo recorded a positive result in its seasonally weakest July-September period for the first time in five years, extending its profitable run to four quarters
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NewsNorwegian extends 737NG contracts to counter Max delays and tight leasing market
Norwegian is signing lease extensions for some of its Boeing 737-800s amid delays in the delivery of 737 Max 8 jets and a tightening market for leased aircraft caused by groundings related to Pratt & Whitney geared turbofans
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NewsEmirates SkyCargo rides Asia-Pacific e-commerce boom as it awaits more capacity
Emirates SkyCargo is seeing strong e-commerce demand in the Asia-Pacific region, and is optimistic about the cargo volume offered by its future fleet of converted Boeing 777-300ER freighters.
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NewsQantas faces shareholder ire at AGM, acknowledges ‘substantial’ loss of trust
Qantas shareholders have overwhelmingly voted against the airline’s proposed executive remuneration plan, dealing the embattled national carrier another blow amid a challenging year.
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NewsAirAsia X re-attempts bid to shed financially distressed status
AirAsia X is to appeal against the Malaysian stock exchange’s decision to reject its bid to shed its financially distressed status, reiterating the “significant improvements” in operations in recent months.
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NewsNorwegian cuts weight of on-order Max jets as it ‘pushes hard’ on costs
Scandinavian low-cost carrier Norwegian is working on raft of measures to offset the impact of the high-cost environment, including through the removal of certain “add-ons” from its incoming Boeing 737 Max jets.