AirlinesAirberlin finalizes management reorganizationAirberlin is finalizing its management team restructuring, which it expects to complete by Feb. 22. “We have already initiated the necessary actions to improve our profitability and reduce our costs …we will continue to consistently follow this path. The remodeling of the airberlin management board is an important element of the new strategy,” CEO Stefan Pichler said in a statement.
LinkAir Niugini orders four Boeing 737 MAX 8sAir Niugini has ordered four Boeing 737 MAX 8 aircraft at the Singapore Airshow. The previously unidentified order adds to the Papua New Guinea national carrier’s fleet of Next-Generation 737s and 767-300ERs. “Papua New Guinea is like no other place on earth and the 737 MAX will allow us to economically and efficiently connect our beautiful country with the rest of the world.
LinkAtlas Air exceeds expectations with strong Q4 earningsAtlas Air Worldwide Holdings reported a $39.44 million profit for the fourth quarter, compared to $38.85 million in the same quarter of 2014. Earnings per share of $1.59 also exceeded analyst estimates of $1.52.
LinkCape Air close to ordering Tecnam P2012sCape Air is close to ordering Italian-made Tecnam P2012 Travellers, a new aircraft that would replace dozens of aging Cessna 402Cs and a handful of Britten-Norman BN-2 Islanders, Cape Air’s senior-vice president of planning Andrew Bonney said. Tecnam is preparing in the next few weeks to roll out the P2012, and the company has estimated the aircraft’s first flight will be in the second quarter of 2016.
LinkCityJet adds voice to LCY sale concernsTwo more major users of London City Airport (LCY)—Ireland-based CityJet and UK-based regional Flybe—have joined British Airways (BA) in voicing concerns over any increase in charges to be imposed by a new owner for the inner-city facility. The airport was put up for sale by current owners Global Infrastructure Partners in August 2015. Press reports have indicated that a price tag of £2 billion ($2.9 billion) has been affixed to the airport, which has a heavy bias toward business passengers, particularly from the nearby Docklands financial district.
LinkCondor expands Caribbean services, adds three 767-300ERsGerman leisure carrier Condor has expanded services to the Caribbean, bringing its number of destinations to 17. Condor will add a weekly Frankfurt-Fort-de-France route, starting from Nov. 6, as well as new services from Munich to Barbados, Havana, Santo Domingo and San Jose for the winter 2016/17 season.
LinkKenya Airways continues turnaround strategyNairobi-based Kenya Airways has appointed PJT Partners as a transaction advisor on its balance sheet restructure and long-term capital refinancing, which is part of its turnaround strategy. “We are at a stage where our turnaround strategy is beginning to gain traction. Over the next six to nine months, we will work with PJT Partners and they will be instrumental in assisting the airline to secure its future beyond the turnaround,” group managing director and CEO Mbuvi Ngunze Ngunze said in a statement.
LinkNok Air To Cancel More FlightsThai budget carrier Nok Air will cancel 20 domestic flights on February 23 even as it faces an investigation into earlier cancellations and the threat of having its license suspended. An official at the airline told Reuters news agency that passengers affected had been contacted and offered compensation or alternative flights.
LinkNorwegian to launch Paris-US servicesLow-cost carrier (LCC) Norwegian Air Shuttle plans to launch a new batch of transatlantic routes from Paris Charles De Gaulle (CDG) this summer. The new services will operate to New York JFK from July 29, Los Angeles (July 30) and Fort Lauderdale (Aug. 4). New York will be operated 4X-weekly, Los Angeles 2X-weekly and Fort Lauderdale weekly.
LinkRoyal Jordanian closes $275 million loan facilityRoyal Jordanian Airlines has closed its $275 million dual conventional and Islamic secured syndicated facility. The facility carries a term of five years. Proceeds will be primarily used to consolidate and refinance the carrier’s existing debt and further support its ongoing strategic growth and turnaround plans. “This will support the airline’s plans to carry out network expansion and fleet modernization, particularly that Royal Jordanian will introduce more Boeing 787-8s to its fleet by the end of this year. Today five 787s have been operating since 2014,” president and CEO Suleiman Obeidat said in a statement.
LinkStrike threat on SAS Nordic routesA strike on some of SAS’s Nordic services has been threatened from Feb. 22, following a breakdown of negotiations between pilots, cabin crew and the company that hires them. The services, although operated in SAS colors, are operated by UK-based regional carrier Flybe, which won the contract to serve several Nordic destinations in 2015 under a “white label” arrangement.
LinkSouthwest to debut route from Sacramento to BWISouthwest Airlines plans to launch nonstop service from Sacramento, Calif., to Baltimore this summer. "Baltimore was one of the target routes at the top of our list," said Mark Haneke, a Sacramento airport manager.
LinkZimbabwe Releases Plane With Suspected StowawayZimbabwe has released a US-registered cargo plane and the unidentified body of a suspected stowaway found on board, saying the cause of death was lack of oxygen. National police spokeswoman Charity Charamba told reporters that the MD11, owned by Florida-based Western Global Airlines, its crew, the man's body and cash belonging to South Africa's central bank had left for South Africa.
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