News from FlightGlobal – Page 230
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NewsStrong yields drive Pegasus to profits high in 2022
Turkish carrier Pegasus Airlines jumped back to the black last year in posting a record operating profit of €633 million ($674 million) driven by a more than doubling in revenues.
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NewsPortugal dismisses TAP chief and chairman
Portugal’s finance minister has dismissed TAP Portugal’s chairperson Manuel Beja and chief executive Christine Ourmieres-Widener following a report into a controversial severance payment to a former TAP administrator.
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NewsIcelandair backs domestic sustainable fuel initiative with offtake agreement
Icelandair is to support a domestic initiative to produce sustainable aviation fuel by provisionally agreeing to an offtake of the fuel. It has entered the memorandum of understanding with IdunnH2, a company established in 2020 which is developing a commercial-scale synthetic fuel facility in Helguvik Harbour, close to Icelandair’s base ...
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NewsCargojet pushes back 777 freighter conversions citing slowdown risk
Canadian operator Cargojet is to defer freight conversion of several Boeing 777s and 767 in response to forecasts of slower global economic growth rates. It had been planning to introduce eight 777s to expand its international charter reach and reinforce its domestic network. Cargojet allocated four of these, all 777-200s, ...
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NewsNorthern Pacific appears set to launch flights between Los Angeles and Las Vegas
US start-up carrier Northern Pacific Airways appears set to launch its first route between Ontario International airport in the Los Angeles metropolitan area and Las Vegas.
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NewsExpanding WestJet plans to step up summer flight frequencies
Canadian airline WestJet continues plotting an “ambitious growth strategy” with an expanded summer schedule that includes greater flight frequencies to popular destinations in its network.
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NewsAzul posts record R$15.9bn revenue in 2022
Brazil’s Azul notched record fourth-quarter revenue as passenger travel demand remained strong and cargo continued booming.
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NewsEl Al plots five-year fleet expansion including 737 replacement
Israeli flag-carrier El Al is considering options to increase its fleet by up to 13 aircraft to keep up with its targets for passenger traffic and market share over the next five years. It is aiming to align the expansion with plans to replace its older Boeing 737 jets from ...
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NewsAir Baltic leasing A320s to protect schedule from supply-chain snags
Latvia’s Air Baltic is to underpin capacity for the summer by wet-leasing four Airbus A320s, aimed at protecting the airline’s flights from possible supply-chain problems. The twinjets, which will be supplied by charter carrier Avion Express, will be configured with an all-economy layout comprising 180 seats. Air Baltic operates a ...
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NewsIndiGo downplays possibility of major order
Indian low-cost carrier IndiGo has downplayed a report about possible orders that would eclipse Air India’s recent commitments for new aircraft.
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NewsAir Nostrum-CityJet tie-up re-cleared by EU regulators
Spanish carrier Air Nostrum’s joint-venture tie-up with Irish operator CityJet has been re-cleared by European competition regulators, more than three years after initially being approved. The two airlines disclosed plans to combine and form a new regional airline group in 2018, operating under a holding company and aiming to offer ...
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NewsLufthansa take cautious view on capacity as constraints remain
Lufthansa Group continues to be wary of growth constraints from wider supply chain challenges this year as it expects capacity to climb to between 85-90% of pre-pandemic levels.
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NewsIsrael’s El Al returns to full-year profit
Israeli flag-carrier El Al has generated a full-year operating profit of $113 million, and ended the period with a net surplus of $109 million. The airline says it achieved a fourth-quarter net profit – a figure of $8.5 million – for the first time since 2015, although it points out ...
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NewsLufthansa highlights southern hub role as ITA talks continue
Lufthansa Group chief executive Carsten Spohr sees the Rome Fiumicino hub of acquisition target ITA Airways as better positioning it to serve southern hemisphere markets as talks on a deal continue.
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NewsAerCap reveals contact from Russian airlines over possible insurance settlements
Irish-based lessor AerCap signals that it has had contact with Russian carriers and insurers potentially seeking to settle claims over aircraft retained in Russia. AerCap was among a number of lessors forced to write off substantial assets as a result of being unable to retrieve aircraft in the wake of ...
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NewsLuxair to take four 737 Max 8s, including pair on lease
Luxembourg’s Luxair has ordered two Boeing 737 Max 8s and signed a deal to lease another pair of the narrowbodies, part of a plan to boost its summer capacity.
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NewsTalks under way over possible partial sale of Lufthansa Technik
Lufthansa has begun talks with potential investors over the possible partial sale of Lufthansa Technik, though the MRO unit will remain a key part of the airline group.
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NewsHong Kong’s Greater Bay orders 15 Boeing 737 Max 9s and eyes 787s
Start-up Hong Kong carrier Greater Bay Airlines has ordered 15 Boeing 737 Max 9s and made a “commitment” to order five 787s.
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NewsAir Baltic returns to full-year operating profit
Latvian carrier Air Baltic has returned to full-year operating profit, with a surplus of €32 million ($34 million), although its net result remained negative with a loss of €54 million. Air Baltic generated revenues of just over €500 million – a level similar to that achieved in the pre-crisis 2019 ...
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NewsSchiphol decision to cut flights faces legal challenge by IATA
IATA is to take legal action against the decision to cut capacity at Amsterdam Schiphol from the next winter season. The airport’s operator is cutting the number of annual flights to 460,000 from November this year, down from 500,000. Schiphol’s operator says this is a “necessary intermediate step” as it ...