News from FlightGlobal – Page 99
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NewsStrategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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NewsIAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
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NewsSpirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
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NewsNew Pacific Airways chief executive Rob McKinney abruptly leaves post
Rob McKinney, chief executive of Alaskan regional airline Ravn Alaska and floundering start-up carrier New Pacific Airways, has left the group effective immediately.
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NewsAir France-KLM flags summer bookings hit from Paris Olympics
Air France-KLM has warned that travellers avoiding Paris due to the forthcoming Olympic Games could cause a revenue hit of up to €180 million ($193 million) at its French operations.
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NewsAir India to set up pilot training school in Amravati
Air India plans to set up a pilot training school with the aim of graduating 180 commercial pilots annually.
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NewsEmirates unveils initial routes for refurbished 777-300ERs
Middle Eastern carrier Emirates has unveiled initial destinations to which it will deploy Boeing 777-300ERs with refurbished interior. The first aircraft – out of 81 of the type to be refreshed – is undergoing the modification from 1 July. Emirates says it will offer the upgraded cabin initially on services ...
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NewsWestJet maintenance workers withdraw strike action
WestJet’s mechanics and technical employees have agreed to withdraw strike action and return to work while their union, the Aircraft Mechanics Fraternal Association (AMFA), negotiates a new contract with the company.
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NewsUnions oppose Air Incheon’s bid for Asiana’s cargo business
Unions have put yet another obstacle in the path of Korean Air’s delayed acquisition of Asiana Airlines by objecting to both the nature of the takeover and the choice of Air Incheon as the preferred bidder for the sale of Asiana Airlines’ cargo business.
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NewsCargoLogicAir administrators wrestle to recover deleted vital records
Joint administrators of former UK-based freight carrier CargoLogicAir are pressuring software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn. CargoLogicAir, which operated a fleet of Boeing 747 freighters, was linked to Russian freight company Volga-Dnepr Group. Sanctions imposed over the Ukrainian conflict ...
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NewsWestJet suffering network-wide disruptions as maintenance workers strike
WestJet’s operations over the long Canada Day weekend have been massively disrupted by striking mechanics, forcing the airline to cancel hundreds of flights and disrupt the air travel plans of thousands of passengers.
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NewsUS discounter Avelo cuts flights to rural Northern California city
US start-up carrier Avelo Airlines plans to stop operating flights from Redding to Southern California in August, citing the departure of its ground handling partner at Redding Regional airport.
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NewsSAS restructuring aid cleared by European Commission
Scandinavian operator SAS has secured European Commission approval for a restructuring aid package worth up to €1.3 billion ($1.4 billion) intended to support the company’s efforts to achieve long-term sustainability. SAS has been undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. ...
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NewsSwiss names Lufthansa Group manager Jens Fehlinger as its new CEO
Swiss International Air Lines has named Lufthansa Group manager Jens Fehlinger as its new chief executive beginning on 1 October.
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NewsIcelandair prepares for Airbus arrival with simulator acquisition
Icelandair is reinforcing its training regime ahead of introducing Airbus single-aisle jets with an A320neo-family simulator.
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NewsWestJet dodges more strike-related disruptions as meditator steps in
WestJet Airlines has avoided further flight disruptions thanks to the intervention of a meditator that will assist contract negotiations between the airline and its maintenance workers’ union.
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NewsDelta and SAS plan far-reaching codeshare deal
Delta Air Lines and Scandinavian carrier SAS plan to launch a broad codeshare arrangement under which they will jointly sell flights across their combined network.
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NewsWestJet begins cancelling flights ahead of maintenance workers’ strike
WestJet has cancelled 25 flights scheduled for 27-28 June as its maintenance workers are poised to strike during the upcoming busy Canadian air travel weekend.
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NewsAir India hikes capacity to London Heathrow with A350 deployment
Air India is to increase capacity on the Delhi-London Heathrow route by deploying its new Airbus A350-900s on the sector from September. The airline operates a mix of Boeing 777-300ERs and 787-8s on the route. But from 1 September, it states, 14 of its 17 weekly flights will be operated ...
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NewsIsrair Group signs binding agreement to acquire balance of Cypriot MRO firm
Israir Group has signed a binding agreement to acquire the remainder of Cypriot-based maintenance firm Bird Aviation.