AirlinesIAG’s Iberia to acquire Air Europa, boosting Madrid hub International Airlines Group (IAG) Spanish airline subsidiary Iberia plans to buy Air Europa from its current owner Globalia in a €1 billion ($1.12 billion) deal that is set to transform its Madrid base into a “true rival” to Europe’s biggest hub airports.
Air Europa operates scheduled flights to 69 destinations across Europe, Latin America, the US, the Caribbean and North Africa, positioning IAG’s Madrid hub to better-compete with London Heathrow, Frankfurt, Amsterdam and Paris Charles de Gaulle.
LinkRussian regional KrasAvia to lease three ATR 72s Russian regional airline KrasAvia will lease its first three ATR 72s next year to replace aging Antonov An-24 and An-26 turboprops.
The airline intends to develop its regional network to supply traffic for the Aeroflot regional hub in Krasnoyarsk. KrasAvia wants to connect Krasnoyarsk with neighboring cities using ATR 72s as well as smaller Let L-410 aircraft, the carrier said.
LinkHong Kong Airlines reduces capacity on tough market conditions Hong Kong Airlines is further reducing its network and suspending a long-haul route in response to increasingly tough market conditions.
The carrier announced it will cut its operations by about 6%, and one of the major changes will be the suspension of its flight from Hong Kong to Los Angeles in February. The airline said it will be monitoring the market to determine if the route has to be suspended earlier. Frequencies will be adjusted in other markets.
LinkCebu Pacific firms 16 A330neo order for Middle East, Australian routes Philippines LCC Cebu Pacific Airways has inked a firm order with Airbus for 16 A330-900s, solidifying the MOU signed at the Paris Air Show in June this year. The first aircraft is expected for delivery starting 2021.
Arranged in a high-density single class configuration of 460 seats the A330neo will service Middle East and Australia markets, namely to cities such as Dubai, Sydney and Melbourne, but also in some trunk routes like Hong Kong-Manila and Singapore-Manila.
LinkJAL profit declines on slowing international demand Japan Airlines (JAL) reported a net profit of ¥51.2 billion ($472.2 million) for the six months through Sept. 30, down about 30% from the profit of ¥73.4 billion in the same period a year earlier.
Revenue rose 1.3% to ¥759.8 billion, although this was exceeded by operating cost growth of 3.9%. Fuel cost was up 1.9%, and non-fuel costs increased by 4.3%.
LinkAvianca gives up on acquiring Aeromar Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
LinkJAL adds new routes in 2020 Japan Airlines (JAL) has announced the routes it will launch in 2020, covering flights within Asia-Pacific and to the United States.
Starting 28 February 2020, the Oneworld carrier will join compatriot All Nippon Airways (ANA) in launching the Tokyo Narita-Vladivostok route. Flown by Boeing 737-800s, this starts off on a thrice-weekly basis before increasing to a daily frequency from 29 March.
LinkMahan Air further restricted from European operations Italian civil aviation regulators have limited the authorisation of Iranian carrier Mahan Air, cutting off its route permits just a month and a half into its winter schedule.
National regulator ENAC states that the airline will only be allowed to operate until 15 December.
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