News from FlightGlobal – Page 19
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NewsSouthwest adds Rakesh Gangwal as board director in face of leadership criticism
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
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NewsRossiya set to test integrated aftersales service platform for MC-21’s PD-14 engines
Aeroflot Group carrier Rossiya is set to test a new aftersales service system developed to handle the Aviadvigatel PD-14 engine for the Yakovlev MC-21 twinjet.
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NewsSingapore approves SIA-Garuda commercial joint venture
Singapore’s competition regulators have allowed Singapore Airlines and Garuda Indonesia to deepen their strategic partnership as part of a commercial joint venture agreement.
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NewsTurkish Airlines reaches compensation deal over PW1100G engines
Turkish Airlines has struck a compensation agreement covering engine availability issues impacting the Pratt & Whitney PW1100G geared turbofans powering its Airbus A320neo-family aircraft.
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NewsCathay Pacific to redeem shares to draw line under Covid state support
Cathay Pacific has outlined plans to redeem and cancel its remaining preference shares held by the Hong Kong government related to a recapitalisation carried out in 2020 after the pandemic hit.
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NewsCopa Airlines takes delivery of its first Boeing 737 Max 8
Panama City-based Copa Airlines has taken delivery of its first Boeing 737 Max 8.
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NewsITA performance ahead of business plan: Spohr
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
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NewsUzbek carrier My Freighter leases additional 767 cargo jets
Uzbek carrier My Freighter has entered a lease agreement for another pair of Boeing 767-300 converted cargo jets. It has reached the deal with US-based Air Transport Services Group subsidiary Airborne Global Leasing. Tashkent-based My Freighter’s chief, Abdulaziz Abdurakhmanov, says the agreement is a “significant milestone” which “strengthens our service ...
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NewsAirAsia’s A321neo deliveries resume after pandemic hiatus
Thai AirAsia has taken delivery of a new Airbus A321neo, marking the resumption of aircraft deliveries for the AirAsia Group after a hiatus of close to four years.
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NewsNorwegian cuts full-year profit outlook over softer traffic and higher costs
Scandinavian budget carrier Norwegian has revised downwards its full-year operating profit forecast, to NKr2.1-2.6 billion ($199-246 million) – including the contribution from newly-acquired regional operator Wideroe.
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NewsSouthwest board adopts rights plan to counter activist investors
Southwest Airlines’ board of directors has adopted a rights plan aimed at fending off activist shareholders gaining control of the company.
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NewsPlay names former Bluebird Nordic executive as finance chief
Icelandic budget carrier Play has named Ruta Dabasinskaite-Vitke as its new chief financial officer, succeeding Olafur Thor Johannesson.
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NewsWizz reshuffles leadership team as Carey departs
Wizz Air has promoted Michael Delahant to senior chief commercial and operations officer after announcing that its president Robert Carey is leaving the airline to pursue other interests.
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NewsLufthansa aims to close ITA deal in fourth quarter
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
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NewsLufthansa secures conditional regulatory clearance for ITA deal
Lufthansa Group has secured approval from the European Commission for its proposed progressive acquisition of ITA Airways after agreeing concessions to satisfy the regulator’s competition concerns over the tie-up.
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NewsTarom to lease pair of Max 8s from CDB Aviation
Romanian carrier Tarom has agreed to lease a pair of Boeing 737 Max 8s from Irish lessor CDB Aviation, with the initial aircraft to arrive in late 2025.
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NewsAmerican Airlines deepens backing for ZeroAvia
American Airlines has placed a conditional order for up to 100 units of ZeroAvia’s ZA2000RJ hydrogen fuel cell powertrain, while also deepening its investment in the advanced propulsion developer through participation in the company’s Series C fundraising round.
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NewsAir Canada to lease eight more Boeing 737 Max 8s
Air Canada is set to lease eight more Boeing 737 Max 8 aircraft from lessor BOC Aviation.
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NewsFormer Avianca fleet director to head start-up Avion Express Brasil
Wet-lease specialist Avia Solutions Group has appointed a chief executive for its Latin American start-up Avion Express Brasil.
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NewsTurkish Airlines orders four more Boeing 777 freighters
Turkish Airlines has ordered four more Boeing 777 freighters, taking to a dozen its firm commitments for the type.