News from FlightGlobal – Page 92
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NewsIAG offered to hand over 52% of Air Europa frequencies to secure acquisition
British Airways and Iberia owner IAG was willing to sacrifice 52% of Air Europa’s 2023 frequencies to secure its acquisition of the business, but that was not enough to satisfy the European Commission.
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NewsSpirit follows JetBlue in deferring deliveries of Airbus jets with PW1100Gs
Spirit Airlines became the latest airline on 1 August to say it had deferred deliveries of new Airbus A320neo-family jets, a move coming amid competitive pressure and operational upheavals caused by Pratt & Whitney (P&W) engine problems
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NewsIAG terminates Air Europa acquisition
British Airways and Iberia owner IAG has terminated its agreement to purchase Spanish carrier Air Europa from its parent company Globalia, citing the “current regulatory environment”.
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NewsPolish flag-carrier LOT to put first E195-E2 into service in mid-August
Polish flag-carrier LOT has received its first Embraer 195-E2 regional jet, one of three it is leasing from US-based company Azorra.
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NewsWizz Air seeks early exit from wet-leases as P&W turnaround times improve
Wizz Air is aiming to operate no wet-leased aircraft by the end of October after Pratt & Whitney achieved faster-than-expected turnarounds of some of the PW1000G engine inspections that have been grounding a significant proportion of its fleet
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NewsAirAsia X now targets year-end completion of AirAsia Aviation acquisition
AirAsia X is aiming to complete the acquisition of sister company AirAsia Aviation by December, as both companies eye a “new era” following its completion.
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NewsCroatia Airlines turns in first-half loss but expects benefits as new A220s arrive
Croatia Airlines is expecting to introduce a second Airbus A220 in December, having newly taken delivery of its first at the end of July. The carrier is replacing its current fleet of 12 aircraft – comprising two A320s, four A319s and six De Havilland Dash 8-400s – with 15 A220s ...
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NewsJapanese majors’ first-quarter profit down as rising costs bite
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
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NewsSIA sees Q1 profit shrink on lower yields, higher fuel costs
Singapore Airlines Group reported a drop in its first-quarter operating profit – its first decline recorded post-pandemic – as it was impacted by falling yields and a rise in fuel costs.
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NewsSpohr still optimistic of completing ITA deal in fourth quarter
Lufthansa Group chief executive Carsten Spohr is still targeting completing its deal to acquire a stake in Italian carrier ITA Airways before year-end.
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NewsLufthansa challenges weigh down wider group as profits fall 37% in second quarter
Lufthansa Group adjusted earnings before interest and taxes (EBIT) fell 37% in the second quarter to €686 million ($742 million) despite revenues passing €10 billion for the first time, as challenges at its German operations in particular took a toll.
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NewsJetBlue defers delivery of 44 A321neos
JetBlue Airways has delayed to 2030 and beyond deliveries from Airbus of 44 new A321neos, meaning the airline does not anticipate receiving any of the type from Airbus between 2026 and 2029.
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NewsRex enters administration as it grounds 737 operations
Struggling Australian carrier Regional Express (Rex) has entered administration and confirmed the grounding of its Boeing 737 operations.
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NewsUS DOJ extends Alaska-Hawaiian antitrust review
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
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NewsRoyal Jordanian expects second half to reflect continuing conflict impact
Royal Jordanian Airlines is concerned that regional conflict will continue to suppress tourism to its local area and negatively affect the carrier’s third-quarter and second-half figures. It has turned in a first-half loss of JD27 million ($38 million), deeper than the JD17 million recorded at the same point last year. ...
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NewsRex suspends bookings on big domestic routes as Australian PM weighs in
Australian carrier Regional Express (Rex Airlines) has stopped taking bookings for flights on domestic routes between major cities.
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NewsNorse Atlantic eases liquidity pressure with revised credit-card payment terms
Long-haul low-cost operator Norse Atlantic Airways has eased some of its financial pressure through an agreement which releases cash from credit-card payment providers. The airline had disclosed earlier this month that it was encountering near-term cash and liquidity issues after a weaker-than-expected second quarter. While summer bookings have been “satisfactory”, ...
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NewsAir NZ drops 2030 climate targets, raising questions about Dash 8-300 replacement
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
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NewsCondor restructuring funding undergoes further scrutiny after court annulment
German carrier Condor is facing a renewed investigation into financial support granted by the country’s government, approval for which was recently annulled by the European General Court. The in-depth investigation will probe whether a €321 million ($347 million) restructuring package – approved in July 2021 – is compatible with state-aid ...
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NewsCroatia Airlines takes delivery of first A220
Croatia Airlines has taken delivery of its first Airbus A220-300, one of six being acquired from US lessor Air Lease. The twinjet, powered by Pratt & Whitney PW1500G engines, is part of a fleet modernisation which will involved the carrier’s taking up to 15 A220s. Croatia Airlines chief executive Jasmin ...