News from FlightGlobal – Page 149
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NewsUK mulls raising slot usage rules as part of wide-ranging consultation
Raising the existing 80:20 slot usage rates, greater transparency of slot-allocation decisions, creating a central platform for secondary slot trading and limiting the length of slot leases are among a number of topics under consideration as part of a wide-ranging UK government consultation.
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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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NewsAlaska acquisition of Hawaiian is ‘pro-consumer, pro-competitive’: Minicucci
Alaska Airlines chief executive Ben Minicucci says that the planned acquistion of Hawaiian Airlines will benefit not only the companies, but also employees and consumers, and it was the right opportunity for the Seattle-based company at the right time.
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NewsAlaska Airlines to acquire Hawaiian for $1bn plus debt
Alaska Airlines to acquire Hawaiian Airlines for $1 billion, the companies said on 3 December.
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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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NewsItaly and Lufthansa formally notify Commission over ITA deal
Lufthansa Group and the Italian government have formally notified the European Commission over a deal for the German carrier to take a minority stake in ITA Airways.
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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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News‘We’ve done everything required’: Connect Airlines chief blasts US regulators over certification delays
US start-up carrier Connect Airlines is pushing back against aviation regulators for allegedly stifling its ambitions of launching flights between Canada and the USA and decarbonising regional air travel with hydrogen propulsion technology.
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NewsAtlas Air takes delivery of third 777F on behalf of MSC Mediterranean
US carrier Atlas Air has taken delivery of its third of four Boeing 777 Freighters placed on long-term aircraft, crew, maintenance and insurance agreements with MSC Mediterranean Shipping Company. Atlas confirmed the delivery on 30 November, adding that MSC will boost existing weekly cargo flights and add a route ...
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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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NewsLufthansa drops plan to sell stake in MRO unit
Lufthansa Group has dropped plans to divest a partial stake in its engineering unit Lufthansa Technik after unveiling a new long-term growth plan for the division.
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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 ...