News from FlightGlobal – Page 186
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NewsLosses spur Air Belgium to seek capital injection from new investor
Air Belgium has been holding discussions with a new investor after turning in a full-year loss of €44.6 million ($49 million), nearly four times deeper than the previous deficit. The airline’s auditor, Mazars, points out that cumulative losses have reached €91.6 million, and remarks that uncertainty exists which could present ...
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NewsUS DOT suspends review of Allegiant-Viva Aerobus joint venture
The US Department of Transportation (DOT) has suspended its review of a joint venture between ultra low-cost carrier (ULCC) Allegiant Air and Mexico’s Viva Aerobus, putting a wrench in the carriers’ already-delayed plans for expansion in each others’ home markets.
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NewsCanada Jetlines takes delivery of third Airbus A320, plans 15-strong fleet
North American ultra-low-cost carrier Canada Jetlines has taken delivery of its third Airbus A320, which it hails as a “significant milestone” in its fleet-growth strategy.
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NewsUS lessor Azorra finds avenue to widebodies with absorption of struggling Voyager
US-based lessor Azorra Aviation is to acquire the leasing firm Voyager Aviation Holdings through a $743.5 million agreement which involves Voyager’s filing for US Chapter 11 bankruptcy protection. Azorra, which has its headquarters in Fort Lauderdale, will acquire substantially all of Voyager’s assets. The Voyager portfolio includes a fleet of ...
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NewsCroatia Airlines edges into first-half profit as fuel costs fall
Croatia Airlines’ passenger numbers over the first half of the year were still nearly 20% down on the pre-crisis level, but the carrier has claimed a net profit for the period. The operator states that it transported 773,000 passengers over the six months to 30 June – up by nearly ...
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NewsJet Airways revival back on track with AOC renewal
India’s Directorate General of Civil Aviation (DGCA) has renewed the air operator certificate of grounded Jet Airways, following months of uncertainty over the airline’s revival.
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NewsAzerbaijan Airlines to merge operations with budget arm Buta
Azerbaijan Airlines is to merge its operations with its subsidiary operator Buta Airways, and unify them under the main carrier’s AZAL brand. Buta Airways was established as a low-cost division in late 2016 and has been serving a network comprising several destinations in Russia, as well as Turkey and the ...
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NewsAkasa ‘still on track’ for international debut, ‘100 plus’-aircraft order: CEO
Indian low-cost carrier Akasa Air is “still on track” to announce a potential order for at least 100 new aircraft – and announce its first international routes – by the end of the year.
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NewsUS judge dismisses Go First suit against Pratt after arbitrator changes terms
A US judge has tossed out Go First’s lawsuit against Pratt & Whitney (P&W) after a Singapore arbitration body overturned an earlier order.
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NewsBermudair requests ‘immediate action’ from US DOT to launch operations
Start-up regional carrier Bermudair has received an air operator certificate from the Bermuda Civil Aviation Authority, taking it one step closer to launching operations to the East Coast of the USA.
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NewsIAG again flags slower-than-expected recovery in corporate travel
IAG is still experiencing a slower-than-expected recovery in corporate travel from the Covid-19 pandemic, with British Airways seeing demand plateau in the second quarter of this year.
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NewsIAG cites Iberia lessons as BA and Aer Lingus battle operational challenges
The operating environment in Europe is proving “extremely difficult” this summer, but Iberia’s strong punctuality offers a template for other carriers in the group, according to IAG.
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NewsPlay looks to expand fleet and network as first half exceeds expectations
Icelandic budget airline Play is extending its network to the German hub of Frankfurt later this year, as it turns in an improving first-half performance. Play is to open the Frankfurt service on 14 December, operating the route four to five times weekly over the winter season. Frankfurt will be ...
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NewsAir France-KLM in talks with Apollo over €1.5bn loyalty programme financing
Air France-KLM is in talks with private equity firm Apollo Global Management over a possible €1.5 billion ($1.66 billion) financing of its loyalty programme Flying Blue.
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NewsProspective A380 start-up Global Airlines plans initial New York and Los Angeles routes
Prospective UK long-haul start-up Global Airlines is intending to configure its Airbus A380s with 450-470 seats, and initially operate to New York JFK and Los Angeles from London Gatwick. The would-be carrier is promising a three-class service – first, business and economy – as it looks to obtain an air ...
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NewsIAG sees quarterly profit top €1bn after record Iberia result
IAG cited a strong performance from its Spanish operations as the British Airways and Iberia owner saw its net profit for the second quarter of 2023 top €1 billion ($1.1 billion).
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NewsANA parent swings to quarterly profit on strong passenger travel demand
ANA Holdings rebounded to profitability in its first-quarter earnings, helped by a jump in revenues led by strong passenger travel demand across international, domestic and low-cost networks.
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NewsBritish Airways to take six more Boeing 787-10s
IAG has firmed an order for six Boeing 787-10 widebodies, while adding six more options for the variant.
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NewsAir France-KLM doubles profit in second quarter
Air France-KLM doubled operating profits in the second quarter to €733 million ($810 million) on revenues up 14% on the same period last year.
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NewsAirAsia India cleared to operate under Air India Express brand
Indian low-cost carrier AirAsia India has received clearance to operate flights under the Air India Express branding, as the consolidation of the Tata Group’s airline businesses continues.