News from FlightGlobal – Page 255
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NewsArcher achieves ‘transition’ flight with prototype eVTOL aircraft Maker
Air taxi developer Archer Aviation has flown its first “full transition” from hover to forward flight with its two-seat prototype, Maker – a significant milestone in the start-up’s development of a bigger prototype, Midnight.
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NewsThree domestic routes meet criteria for French short-haul flight ban
European Commission regulators have approved a French ban on flying certain short-haul domestic routes, but only three initial connections will meet the criteria. The three routes are all from Paris Orly – to Bordeaux, Nantes and Lyon – will be “prohibited for any carrier”, according to the Commission’s adoption. France’s ...
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NewsLufthansa takes first A380 out of storage
German carrier Lufthansa has today taken an Airbus A380 aircraft back out of storage for the first time since the pandemic.
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NewsRapid pace of Ryanair traffic growth slows in November
Ryanair’s recent run of sharp traffic growth slowed a little in November as it carried 11.2 million passengers.
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NewsSIA, Thai sign MOU to increase codesharing
Singapore Airlines and Thai Airways International have entered a memorandum of understanding (MOU) that will see more extensive codesharing between the two carriers.
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NewsQantas to add 6th A380 as international network expands
Qantas will see a sixth Airbus A380 join its fleet in December, as it plans to start operating additional international destinations.
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NewsGetJet granted air operator’s certificate in Latvia
Lithuanian wet-lease carrier GetJet has been granted an air operator’s certificate for a division based in neighbouring Latvia. GetJet Airlines Latvia obtained the AOC on 30 November from the Baltic state’s ministry of transport. Both operators will conduct flights using single-aisle Airbus A320 and Boeing 737 twinjets, with the Latvian ...
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NewsReopening Asia markets helped keep traffic on the rise in October
Strong passenger demand continued in October as fresh IATA figures show airline traffic running at almost three-quarters of pre-pandemic levels for the month.
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NewsViva A320neo low-fuel emergency inquiry details rapidly-changing weather situation
Preliminary analysis by Colombian investigators has detailed how rapidly-changing weather conditions at diversion airports preceded the low-fuel emergency involving a Viva Air Airbus A320neo. The aircraft had departed Cali on 17 October, bound for Riohacha – a service expected to take 1h 46min – with 6,800kg of fuel on board. ...
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NewsSAS expects SKr9.5bn equity raise to slip to end-January
Scandinavia’s SAS expects to commence its crucial SKr9.5 billion ($907 million) equity raise around the end of January, after the schedule for its ‘SAS Forward’ restructuring programme slipped. The airline is re-organising under US Chapter 11 protection and expects to exit the process in the second half of next year, ...
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NewsGlobal Knafaim to raise equity for Tus Airways loan repayment
Israel’s Global Knafaim Leasing is injecting additional capital into Cypriot carrier Tus Airways, via a share issue, the lessor reveals in its third-quarter financial statement. It says that the board approved the extra investment of $2 million on 30 November. Investment partner Kenneth Woolley has similarly contributed in order to ...
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NewsJetstar Group, Changi Airport end terminal reallocation impasse
Jetstar Group is to relocate its operations to Changi Airport’s Terminal 4 from end-March 2023, months after it slammed the airport operator for “unilaterally” relocating its carriers.
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NewsIndonesia AirAsia parent still in the red despite fivefold increase in revenue
AirAsia Indonesia remained in the red in its third-quarter earnings, only narrowing its operating losses slightly despite a fivefold jump in revenue for the period.
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NewsAirAsia Aviation sees ‘encouraging’ tailwinds as group returns to black
AirAsia Aviation Group expects further improvement in its performance in the near-term, helped by a continued upswing in travel demand, as the group’s carriers remained profitable for a second consecutive quarter.
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NewsIATA sees cargo demand under more pressure in October
Air freight capacity dipped below 2021 levels for the first time since April IATA figures released today show as economic headwinds continue to tighten cargo demand.
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NewsEasyJet chief sees consolidation through retrenchments not mergers
EasyJet chief executive Johan Lundgren believes consolidation in Europe is more likely to happen through legacy carrier retrenchments rather than merger and acquisition (M&A) activity, in part because of state support keeping failing carriers in operation.
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NewsALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition
Kuwaiti lessor ALAFCO is to convene a shareholder meeting to approve a substantial acquisition by asset management firm Macquarie AirFinance. ALAFCO states that its board discussed and reviewed, on 29 November, a proposal for the acquisition – valued at $2.215 billion – which includes sale of 53 aircraft from its ...
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NewsMore oversight progress needed to lift Armenia blacklisting: Commission
European regulators believe Armenian authorities have made “limited progress” with improving safety oversight, but stress that more effort is needed to lift a blanket blacklisting of the country’s airlines. Newly-established carrier Fly Arna – a joint venture between Air Arabia and the Armenian National Interests Fund – commenced operations in ...
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NewsSAS progresses with restructuring but full-year losses remain heavy
Scandinavian operator SAS is aiming to complete its court-supervised restructuring process in the second half of next year, as it releases its first full-year figures since entering US Chapter 11 protection. Its Chapter 11 process is intended to enable the airline to progress with its extensive ‘SAS Forward’ restructuring programme. ...
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NewsIsrair details updated bid for Smartwings
Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...