Limousine

[ad_1] Bangkok Airways is to wet lease a pair of Airbus narrowbodies from French operator Amelia to provide capacity boost for its international operations.  The deal will involve an A319 and an A320, both of which will be based in Bangkok. Bangkok Airways says the pair will be deployed on flights to Luang Prabang in Laos, as well as Phnom Penh and Siem Reap in Cambodia.  The decision to wet lease the aircraft is “to accommodate increased demand for international flights”, says Bangkok …

[ad_1] Congo Airways is to lease a pair of Boeing 737s from Avia Solutions Group as part of an effort to restore capacity. Both aircraft are being taken on a six-month wet-lease from Avia’s KlasJet division. KlasJet says Congo Airways’ pair of Airbus A320s have been grounded for engine maintenance, and the airline needs the narrowbody capacity to reinstate services. One 737-800 – registered LY-BBN – has been leased from November to the end of April next year. The aircraft has been based at Kinshasa …

[ad_1] Struggling US budget carrier Spirit Airlines has filed for a pre-arranged Chapter 11 restructuring process, from which it hopes to emerge in the first quarter of next year having already secured investment commitments from existing bondholders. Spirit says it will continue to operate as normal during what it calls a “streamlined” Chapter 11 process. The airline’s chief executive Ted Christie says: ”I am pleased we have reached an agreement with a supermajority of both our loyalty and convertible bondholders on a comprehensive …

[ad_1] Japan’s two largest carriers are seeing slower-than-expected recovery on their Mainland China network, echoing a sentiment made a year ago in the aftermath of the easing of Covid-19 restrictions.  Senior executives from Japan Airlines and All Nippon Airways also flagged an imbalance in demand on their China network, with Japan outbound far weaker due to visa-related restrictions for Japanese visitors to China.  Conversely, the two airlines, who spoke to FlightGlobal at the Association of Asia Pacific Airlines’ assembly of presidents in Brunei, …

[ad_1] Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need …

[ad_1] Restructuring Brazilian carrier Gol is hoping to exit Chapter 11 bankruptcy protection by the end of April as it today reported progress in restoring capacity during the third quarter. The updated timeline on completion comes after Gol earlier this month reached a key debt-for-equity agreement with majority shareholder Abra group.  The agreement, secured 10 months after the Brazilian airline entered the formal financial restructuring process, will eliminate up to $2.55 billion in debt from the carrier’s books and see Abra receive around $950 million …

[ad_1] Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year. Abra is majority stakeholder in both Colombian carrier Avianca and Brazilian airline Gol, and recently completed the acquisition of Spanish carrier Wamos Air. Gol has been working through a Chapter 11 bankruptcy protection process since the start of the year but, bolstered by a recent debt-for-equity agreement with Abra, is hoping to complete its financial restructuring by …

[ad_1] Saudi Arabian start-up Riyadh Air is likely to take a longer-range variant of the Airbus A321neo as part of its deal for 60 of the narrowbody jets. While the carrier is still finalising its network plans, Riyadh Air chief executive Tony Douglas says the carrier will look at one of the longer-range versions of the A321neo. ”We are not quite in the configuration window yet, so whether we elect to take A321neo, the LR version or the XLR variant will be driven …

[ad_1] Singapore Airlines Group reported a significant drop in its half-year profit – from the previous year’s record high – as it flags a “moderation” in passenger yields from “strong” competition.  Passenger traffic growth at the group also fell short of the capacity added, resulting in a dip in passenger load factors.  For the six months ended 30 September, the group – comprising network carrier SIA and low-cost unit Scoot – recorded an operating profit of S$796 million ($602 million). That is down nearly 49% …

[ad_1] IAG unit British Airways is continuing to work through the challenges on its Rolls-Royce Trent 1000-powered Boeing 787s which prompted it to remove some its planned winter capacity, while remaining on the lookout for options to bolster its long-haul fleet. BA pulled back some of its planned capacity growth citing delays to the delivery of engines and parts from Rolls-Royce – particularly in relation to the Trent 1000 engines powering its Dreamliners. The Oneworld carrier will grow capacity 4% in the fourth quarter, slightly …

[ad_1] New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company. ATSG, now publicly traded on the NASDAQ exchange, disclosed the news on 4 November, saying it expects the all-cash acquisition will close in the first half of 2025. The plan has been green lighted by ATSG’s board of directors but still requires shareholder approval. ATSG primarily …

[ad_1] Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.  Kelly’s “accelerated retirement”, which came as six new directors were recently appointed to Southwest’s board, was effective 1 November.  Southwest added Gangwal to its board in July, amid intensifying pressure from minority stakeholder Elliott Investment Management to embrace major leadership changes.  A long-time airline executive, Gangwal is co-founder of India’s InterGlobe Aviation, which operates …