News from FlightGlobal – Page 5
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NewsOman Air transformation to be led by Flyadeal chief Korfiatis
Middle Eastern carrier Oman Air has named Con Korfiatis, the head of Saudi budget airline Flyadeal, as its chief executive. Korfiatis will succeed acting chief Nasser Al Salmi, the airline’s chief operating officer, who stepped up to the top post last year in place of Abdulaziz Al Raisi. The appointment ...
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NewsJazeera blames currency fluctuations as first quarter performance dips
Kuwaiti budget carrier Jazeera Airways is blaming adverse foreign currency effects for a first-quarter net loss of KD2.7 million ($8.8 million). The figure is a reversal of the KD2.3 million profit achieved in the same quarter last year. Jazeera Airways says the result was “mainly due” to the impact of ...
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NewsRoyal Jordanian’s aspiration for full-year profit dashed by Gaza conflict
Royal Jordanian Airlines has disclosed that the Israeli-Gaza conflict resulted in a near-JD40 million ($56 million) impact on revenues in the fourth quarter of last year. The flag-carrier turned in a full-year net loss of JD8.7 million, despite efforts to reduce expenditure and cut costs, says chief executive Samer Majali. ...
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News‘My final chapter’: AirAsia’s Fernandes hints at retirement following aviation unit consolidation
AirAsia founder Tony Fernandes is likely to step down from the company at the end of his newly-renewed contract, which runs for another five years, calling it his “final chapter”.
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NewsLessor Avation boosts ATR 72 portfolio with 10-aircraft order
Singapore-based lessor Avation has ordered 10 ATR 72-600s and signed purchase rights for another 24 examples.
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NewsAustralian watchdog proposes to approve Air NZ, Virgin Australia codeshare
The Australian Competition and Consumer Commission (ACCC) is proposing to authorise a unilateral code-sharing agreement between Virgin Australia and Air New Zealand.
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NewsAirAsia Cambodia begins commercial operations
AirAsia Cambodia – the low-cost airline group’s newest unit – has began operations, operating from its Phnom Penh hub to Siem Reap and Sihanoukville.
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NewsSmoke prompted emergency evacuation of departing Laser MD-82
Venezuelan authorities have disclosed that smoke emitted from the fuselage of a Laser Airlines Boeing MD-82 prompted an evacuation at the gate in Caracas. The twinjet had been preparing for departure to Santo Domingo, in the Dominican Republic, on 28 April. Venezuela’s national civil aeronautics institute INAC states that the ...
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NewsTrueNoord acquires another batch of regional aircraft from Nordic Aviation Capital
Lessor TrueNoord has taken over a batch of eight aircraft from Nordic Aviation Capital, its third such transaction with the company. TrueNoord says it has completed the acquisition agreement for seven Embraer 190s and a single De Havilland Dash 8-400. The transaction means it has committed to purchasing a total ...
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NewsTwenty airlines told to amend sustainability claims in EU ‘greenwashing’ crackdown
Twenty airlines have been told by the European Commission to bring their practices into line with European consumer law, after concerns that they are making misleading claims over sustainability. The notification to the carriers – which have not been identified – follows a multinational examination of claims that carbon dioxide ...
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NewsLufthansa sees revised capacity outlook in line with risk of delivery delays
Lufthansa Group believes it has already factored in the impact of aircraft delivery delays this year after scaling back its capacity growth aspirations.
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NewsAvianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
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NewsSpohr hopeful of ITA acquisition approval this summer
Lufthansa Group chief executive Carsten Spohr is optimistic it can secure approval for its planned acquisition of Italian carrier ITA Airways this summer amid what he describes as “constructive” talks with European competition regulators.
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NewsPlay finance chief steps down after steering IcKr4.6bn capital raise
Icelandic budget carrier Play’s chief of finance, Olafur Thor Johannesson, is stepping down from his position, resigning just a few weeks after the departure of chief executive Birgir Jonsson. Johannesson will stay in the role until a successor is appointed. New chief executive Einar Orn Olafsson says Johannesson has been ...
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NewsGrounded Bonza appoints administrators
Australian budget carrier Bonza has entered voluntary administration after suspending flights earlier on 30 April.
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NewsSwiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
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NewsAir France-KLM reports deeper first-quarter loss after operational disruption
Air France-KLM’s operating loss deepened in the first quarter of 2024, as “exceptional” operational disruptions and falling cargo revenue dented the European airline group’s performance.
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NewsLufthansa looks to summer and cost-savings after strike-hit first quarter
Lufthansa Group is taking encouragement from strong summer demand after confirming a financial hit from strike disruption, increased costs, and lower than expected capacity expansion in wider first quarter losses.
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NewsAsia-Pacific carriers ride wave of travel demand in March: AAPA
Asia-Pacific airlines continued to enjoy strong international growth in March, with leisure and business travel surging.
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NewsChina Southern swings to Q1 profit as peers languish in the red
China Southern Airlines was the sole carrier among the country’s three largest operators to swing back to black in the first quarter of the year, even though they all saw revenues improve.