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Cebu Pacific announce expansion plans

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March 15, 2019 The Philippines’ largest carrier – Cebu Pacific – this week announced plans to expand its route network from its hubs at Clark and Cebu. Speaking at Routes Asia in Cebu, chief operations officer, Michael Ivan Shau said that due to increasing demand for more direct and seamless connections, the carrier will launch […]

Cathay Pacific flies back into profit after two years of losses

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March 15, 2019 The Cathay Pacific Group has reported a vastly improved financial performance in 2018 as a restructuring plan initiated pays off. Last year, the group, which includes Cathay Pacific and low-cost arm Cathay Dragon, posted an attributable profit of HK$2.34 billion (US$299 million) for 2018, compared to a loss of HK$1.2 billion for […]

Norwegian CEO: We will not take the cost related to the new aircraft we have to park

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March 14, 2019 Norwegian chief executive officer (CEO) Bjørn Kjos said the airline will not pay for the costs related to the suspension of its 18 Boeing 737 Max 8 aircraft. The carrier operates the aircraft mostly for trans-Atlantic flights between Europe and the East Coast of the US. The airline has also ordered more […]

LUFTHANSA GROUP GOES BIG: 20 787-9S & 20 A350-900S ORDERED

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March 14, 2019 The Lufthansa Group has announced that it will be ordering up to 40 brand new long-haul aircraft. At a total investment cost of $12 billion, 20 Boeing 787-9 Dreamliners and 20 Airbus A350-900s will be added to its orderbook. Deliveries are to take place of these aircraft between 2022 and 2027. Lufthansa […]

Brazilian airline Azul posts profit drop in Q4

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March 14, 2019 Brazil’s third largest airline Azul SA on Thursday said it had a profit of 138 million reais ($36.19 million) in the fourth quarter of 2018, a 54 percent drop from the same period last year. The airline also said it will expand flight capacity, by between 18 to 20 percent, a figure […]

Hainan Airlines to sell two B737-800 aircraft, issue bonds

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March 14, 2019 Hainan airlines said on Thursday it plans to sell two B737-800 aircraft to NGF Genesis Ltd, an Ireland-based cargo company, for $27.5 million, as well as issue bonds up to 8 billion yuan ($1.19 billion) to repay debt and replenish capital. The company also said in a statement it plans to sell […]

Norwegian set to seek compensation from Boeing over 737 Max 8 suspension

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March 13, 2019 Cash-strapped Norwegian will reportedly seek compensation from Boeing for loss of revenue and the extra costs it has run up after Europe banned use of the 737 Max 8 yesterday. The airline operates 18 of the aircraft type in its 162-strong fleet but has been struggling financially and will take a financial […]

Chile’s LATAM Airlines beats estimates with $149 million fourth-quarter profit

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March 13, 2019 LATAM Airlines, the largest carrier in Latin America, reported on Tuesday a net profit of $149 million for the fourth quarter of 2018 and said its full-year results were its best since 2012, when the company was created in its current form. The results beat estimates of a Refinitiv poll of five […]

Some 29 Turkish Airlines passengers hurt by turbulence headed to New York

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March 10, 2019 More than two dozen people were injured and at least 10 were taken to a hospital after a Turkish Airlines flight encountered severe turbulence on its approach to New York’s John F. Kennedy International Airport on Saturday, officials said. The New York Fire Department said it was treating 29 passengers for “non-life-threatening […]

Qatar Airways to report second consecutive full year loss: CEO

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March 6, 2019 Qatar Airways will report a second consecutive annual lost this year, its chief executive said on Wednesday, blaming higher fuel costs and unfavorable currency exchange rates. The state-owned airline has rapidly expanded to new destinations since it lost access to 18 Middle East cities in 2017 due to a diplomatic rift between […]