News from FlightGlobal – Page 183
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NewsALAFCO progresses with transfer of aircraft portfolio to Macquarie
Kuwaiti lessor ALAFCO has completed the transfer of nearly half the 53 aircraft it agreed to sell to Macquarie Airfinance Group. ALAFCO states that 24 aircraft had been sold through moving to the buyer the lessor’s interests in special-purpose companies holding the airframes. Sale of these aircraft has generated net ...
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NewsCopa Q2 profit is $17.5m as demand remains strong, fuel cost drops
Copa Airlines posted a second-quarter profit of $17.5 million as demand remained strong and costs fell, driven by fuel prices, which declined by about one-third.
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NewsMesa posts $47.6m second-quarter loss due to lower block hours and ‘captain crunch’
Mesa Air Group lost $47.6 million during its fiscal third quarter, with the airline’s block hours plummeting during its transition to flying its Bombardier CRJ-900s on behalf of United Airlines.
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NewsGlobalX reports $7.5m Q2 loss as aircraft delivery delays take toll
South Florida start-up carrier Global Crossing Airlines (GlobalX) reports a second-quarter loss of $7.5 million as aircraft delivery delays and long turnaround times for aircraft maintenance continue hindering the airline’s operations.
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NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
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NewsBoeing reveals 737 Max order split
Boeing has for the first time revealed the sales breakdown for its 737 Max family, with the developmental -10 closing in on the 1,000-order mark.
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NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
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NewsNorwegian secures four-year deal to transport armed forces personnel
Scandinavian budget carrier Norwegian has secured an agreement with the country’s armed forces for defence sector travel over a four-year period. The airline says the contract will begin in the first quarter of next year. Source: InsectWorld/Shutterstock Norwegian values the agreement at around NKr1 billion ($98 million), ...
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NewsWestern Global struggled with closure of Chinese market and belly-capacity rebound
US cargo carrier Western Global Airlines has outlined the setbacks which led to its entry to Chapter 11 bankruptcy protection, including a customer shift away from dedicated freighters, contrary to expectations, and the delayed recovery of Chinese activity. Western Global has also been affected by high fuel prices attributed to ...
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NewsTurkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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NewsMNG Airlines and Golden Falcon terminate proposed business combination
Turkish logistics operator MNG Airlines has terminated its proposed business combination agreement with the specialised private equity company Golden Falcon Acquisition. MNG and Golden Falcon had disclosed the proposed combination in December last year, as part of the airline’s strategy to become a publicly-listed US company on the New York ...
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsUS Airlines request extension of slot waivers at busy Northeast airports
US airlines have asked the Federal Aviation Administration to extend slot waivers at some busy airports in the Northeast USA through the end of October
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NewsNew business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsMongolia’s MIAT discloses initial routes for 787
Mongolian flag-carrier MIAT is to deploy its first Boeing 787 initially on services to Asia and Europe, as it prepares to put the twinjet on US routes. The airline is expecting shortly to take delivery of a 787-9, one of a pair being leased from AerCap under an agreement reached ...
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NewsNauru Airlines introduces 737-800 converted freighter
Micronesian carrier Nauru Airlines has introduced a Boeing 737-800 freighter to its fleet, claiming it to be the first of the model in the Australian region. Nauru Airlines has an operational base in Brisbane. It states that the 737-800F will expand its cargo capabilities, adding capacity to a fleet which ...
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NewsOman Air points to integration with SalamAir under restructuring initiative
Oman Air has indicated that closer ties with SalamAir are likely under a restructuring plan outlined by the flag-carrier’s chairman. The restructuring is intended to resolve continuing losses and mounting debts which have burdened the carrier since the Omani government withdrew from Bahrain-based Gulf Air in 2007 to concentrate on ...
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NewsBoeing stretches 777-8 passenger jet to match freighter’s fuselage
Boeing has increased the fuselage length on the 777-8 passenger jet, bringing it into line with the freighter variant.