News from FlightGlobal – Page 152
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NewsKuwaiti lessor ALAFCO terminates A320neo purchase contract
Kuwaiti lessor ALAFCO is cancelling a contract for Airbus A320neo twinjets, the company has disclosed to the emirate’s stock exchange. ALAFCO has given few details about the decision, but says it has “reached an agreement” with Airbus to “terminate” the contract for the purchase order. It ordered 50 A320neos in ...
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NewsKlasJet obtains authorisation for Canadian wet-lease operations
Lithuanian private and corporate charter carrier KlasJet has obtained Canadian approval for wet-lease operations in the country. KlasJet has a fleet of 14 Boeing 737s including eight -800s for wet-lease and six – among them a Boeing Business Jet – configured for premium services. The carrier’s parent, Avia Solutions Group, ...
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NewsFinnair obtains €570m, including loan offset, from new share issue
Finnair has revealed that its rights issue – which was slightly oversubscribed – has raised just over €570 million ($620 million) in gross proceeds, including a €318 million commitment from the Finnish government. Net proceeds from the issue are around €558 million. The carrier had disclosed plans for a new ...
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NewsClark still gets ‘real buzz’ from leading Emirates after delaying retirement
Long-serving Emirates president Tim Clark still gets a “real buzz” from the ”herculean project” of running the Middle Eastern giant, years after he delayed his retirement.
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NewsJAL, Yamato take first A321P2F in domestic cargo partnership
Japan Airlines and logistics firm Yamato Holdings have taken delivery of their first Airbus A321 passenger-to-freighter (A321P2F) aircraft, with domestic cargo operations set to launch April 2024.
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News‘Finally out of the woods’: AirAsia X sheds financially distressed status as profits double
AirAsia X has shed its financially distressed status following an appeal, as it improved its third-quarter earnings on the back of strong passenger recovery.
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NewsAvelo to exit four markets and seasonally suspend nine routes
US ultra-low-cost carrier Avelo Airlines is exiting four markets that did not develop as planned and intends to seasonally suspend a further nine routes.
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NewsUS Court approves SAS’ investment agreement with Castlelake consortium
A US court has approved Scandinavian operator SAS’ entry into a formal investment agreement with Castlelake, Air France-KLM, the Danish government and financing company Lind Invest.
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NewsFrontier seeks further foothold in Midwest USA with trio of planned crew bases
Seeking to bolster its presence in the Midwest USA, ultra low-cost carrier Frontier Airlines plans to open crew bases in Chicago, Cleveland and Cincinnati early next year.
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NewsIAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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NewsLessor SMBC orders 60 more A320neo family jets
Lessor SMBC Aviation Capital has ordered 60 more Airbus A320neo family aircraft.
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NewsHeathrow ‘actively reviewing’ expansion options under new CEO
London Heathrow airport is reviewing its long-term expansion options, including the possibility of building of a third runway.
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NewsItaly’s ITA Airways seals codeshare with Korean Air
Italian carrier ITA AIrways has agreed a codeshare deal with SkyTeam partner Korean Air.
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NewsConnect Airlines vows to appeal DOT decision to revoke certificate
The US Department of Transportation (DOT) has revoked certificate authority from Waltzing Matilda Aviation, the Massachusetts company that owns start-up regional carrier Connect Airlines.
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NewsFAA taking ‘immediate action’ to implement improvements to ATC safety
Following the publication of a damning report on the state of US air traffic control (ATC) operations earlier this week, the Federal Aviation Administration has said it is taking “immediate action” to enhance training and safety reporting.
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NewsIsrair Group negotiating financial support from government over Gaza conflict
Israeli leisure operator Israir Group is looking to secure financial support from the government as a result of disruption caused by the Gaza conflict. The company states that it expects to receive “significant and full assistance” from the government for as long as the conflict persists, and is holding talks ...
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NewsCompetition regulator warns Norwegian it is considering blocking Wideroe merger
Norway’s competition regulator has notified Norwegian that it is considering blocking its planned acquisition of domestic carrier Wideroe.
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NewsShareholders agree loans to support war-affected Tus Airways
Cypriot-based carrier Tus Airways is to receive financial support through a shareholder loan, as the airline adjusts to disruption caused by the Israel-Gaza conflict. Tus Airways had been operating services to Israel after the outbreak of hostilities in early October – although traffic volume was low – but the cancellation ...
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NewsWet lease operator BBN Indonesia expands fleet with first passenger aircraft
Avia Solutions Group’s Indonesian unit has inducted its first passenger aircraft, as part of fleet expansion plans.
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NewsAir Nostrum to take fuel cell conversions from Dovetail Electric
Spanish regional carrier Air Nostrum has signed for 10 hydrogen-electric aircraft conversions from Dovetail Electric Aviation – an Australian company in which it has invested.