News from FlightGlobal – Page 184
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.
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NewsExpanding Jazeera Airways turns in profitable first half
Kuwaiti budget carrier Jazeera Airways is fitting lightweight seats to its expanding fleet, and intends to open additional routes before the end of this year. Jazeera turned in a KD6.27 million ($20.4 million) net profit for the first half. Although this was some 15% down on last year’s interim, the ...
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NewsAirAsia X, Batik Air Malaysia eye Central Asia foray
Malaysian regulators have awarded air traffic rights for flights to Central Asia to Batik Air Malaysia and AirAsia X, as it records an uptick in applications against pre-pandemic 2019.
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NewsUS freight carrier Western Global files for Chapter 11 to assist restructuring
Pressured US freight operator Western Global Airlines has voluntarily filed for Chapter 11 bankruptcy protection, as it seeks to implement a restructuring plan to cut debt and stabilise the business. Western Global, which operates Boeing MD-11 and 747-400 freighters, had disclosed in July that it was looking at options to ...
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NewsSun Country sees higher yields embedded post-Covid
Sun Country Airlines chief executive Jude Bricker believes higher fares post-Covid are now embedded, even if domestic demand has fallen from the spike seen in 2022.
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NewsIsraeli operator Israir to introduce another pair of A320s
Israir Group’s board has approved the introduction of another pair of Airbus A320s to develop the Israeli operator’s fleet. The two aircraft will be dry-leased and arrive in 2024, according to the company, if an agreement is finalised. Israir Group says the decision is part of a management plan to ...
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NewsCatania airport restores fire-hit terminal to operation after three weeks
Sicily’s Catania airport has resumed operations at Terminal A, three weeks after a fire forced its closure and led to substantial disruption to flights. The airport’s operator says the terminal re-opened on 5 August, with the arrival of an EasyJet flight from Milan Malpensa in the late evening marking the ...
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NewsCanada’s Chorus Aviation posts C$20m profit for second quarter
Canada’s Chorus Aviation reported a profit of C$20.3 million ($15.2 million) during the second quarter of 2023, boosted by aircraft leasing revenue, foreign exchange rates, parts sales, MRO activities and contract flying.
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NewsAvianca reports modest Q2 profit as it executes on post-restructuring business plan
Avianca posted a modest profit during the second quarter, benefiting from cost control, smooth operations and increased demand, rather than higher prices, the company says.
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NewsMSC strikes deal for Italian carrier AlisCargo
Transport and logistics specialist Mediterranean Shipping Company (MSC) has acquired a majority stake in Milan-based airfreight carrier AlisCargo Airlines.
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NewsStrong market recovery helps Titan Airways to post record year
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it posted record revenues of £187 million ($237 million).
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NewsAirJapan taps Bangkok as first destination, Hue receives international charters
A new carrier in Japan has announced its first destination, while Vietjet has started charters to Vietnam’s ancient capital city.
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NewsPhilippine Airlines appoints new finance chief
Philippine Airlines has appointed Anna Isabel Bengzon as its new chief financial officer.
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NewsSun Country Airlines achieves second-quarter profit of $20.6m
Sun Country Airlines reported a $20.6 million profit for the second quarter of 2023 as all three business segments – scheduled passenger service, charter and cargo – posted increases.
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NewsJetBlue and Air Serbia expand interline agreement to codeshare
JetBlue Airways has entered into a codeshare agreement with with Air Serbia, building on an interline agreement the two carriers have had since 2016.
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NewsSpirit Airlines sees ‘softer’ summer demand; posts Q2 loss
Ultra low-cost carrier Spirit Airlines says summer travel demand was “softer than expected” as travellers chose more long-haul international destinations than domestic ones, while on-time performance suffered under air traffic challenges and instable summer weather.
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NewsUS-Mongolian flights planned under new air transport pact
Flights between the USA and Mongolia are planned for next year, with the signature of an air transport agreement planned as part of a reinforced partnership between the two countries. Mongolian prime minister Luvsannamsrain Oyun-Erdene is holding talks with the US government during his first official visit. “For us, the ...
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NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
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NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.
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NewsComac opens first overseas office in Jakarta
Chinese airframer Comac has reportedly opened a support office in Indonesia, its first overseas location, as a second C919 joins China Eastern Airlines.