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ITA Airways Reveals Strong Performance and Revamp of Alitalia Brand
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Pilotcenter.net
ITA Airways has released its latest financial results for the first half of 2024, showcasing a marked improvement compared to the previous year. Alongside this positive news, the Italian flag carrier is set to reintroduce the iconic Alitalia brand in a limited capacity in the coming months.
The announcement was made during a special event held at ITA Airways' new offices in Milan on September 27, 2024. The event was attended by key figures including Antonino Turicchi, the Chairman of ITA Airways, Andrea Benassi, the General Director, Claudio Faggiani, Chief Financial Officer, and Emiliana Limosani, the carrier’s Chief Commercial Officer.
During the first half of 2024, ITA Airways reported revenues of €1.4 billion ($1.54bn), marking a significant increase of €300 million ($333m) compared to the same period in 2023. The airline's Earnings before interest, taxation, depreciation, and amortization (EBITDA) reached €62 million ($68.2m), an improvement of €130 million ($144.3m) year-on-year. Additionally, cash reserves reached €393 million ($436.23), reflecting a €31 million increase from June 30, 2023.
Operational performance also exhibited a positive trend, with an average load factor of 79% for the first six months of 2024, a 2% increase from the same period in 2023. The airline successfully transported over 8.3 million passengers during this time, showing a 26% growth compared to the first half of 2023 and generating 33% higher revenues.
Outside of financial results, ITA Airways revealed plans to revamp and expand its lounge at Milan Linate Airport (LIN) to accommodate up to 400 passengers per day.
Excitingly, the airline executives disclosed that by the end of 2024, ITA Airways will incorporate elements paying homage to Italy's rich aviation history into its visual identity, inspired by the Alitalia brand. The statement emphasized that the Alitalia brand remains a valuable asset for ITA Airways and will be strategically integrated into various customer touchpoints.
Chairman Antonino Turicchi expressed optimism about the company's progress, stating, “The figures from the half-year report approved today confirm the growth process already underway since last year, with results better than the first six months of 2023."
The decision to reintegrate the Alitalia brand, despite its past challenges, has sparked varied reactions. While some view it as a pivotal move to reinforce Italy's aviation legacy, others question its revival following the previous brand replacement due to issues of corruption and mismanagement.
Ultimately, only time will reveal whether this step signifies a shift towards phasing out the ITA Airways brand in favor of a wider return to the Alitalia name. Stay tuned to Pilotcenter.net News for the latest developments in the aviation industry.
Publish Date:
October 2, 2024 at 6:14:12 PM
LOT Polish Airlines Leases Four Boeing 737 MAX 8 to Boost Growth Goals
By:
Pilotcenter.net
Pilotcenter.net News reports that LOT Polish Airlines is set to expand its fleet with an additional four Boeing 737 MAX 8 aircraft from lessors Phoenix Aviation and AIP Capital. This move plays a key role in the airline’s growth strategy to enhance its short to medium-haul operations within Europe and beyond.
A statement from LOT Polish Airlines highlights the commitment from Phoenix Aviation and AIP Capital to provide flexible solutions for airline partners. The airline’s goal of fleet expansion is aimed at improving operational flexibility, allowing for the addition of new destinations and increased flight frequencies on vital routes.
Mathew Adamo, Managing Partner at AIP Capital, expressed enthusiasm about the deal, emphasizing the firm’s support for LOT in managing its fleet. Maciej Dziudzik, Fleet Bureau Director at LOT Polish Airlines, underlined the importance of next-generation narrowbody aircraft in the carrier’s growth plans, focusing on enhancing connectivity opportunities in Central Europe for both business and leisure travelers.
With a current fleet of 83 aircraft serving 98 routes across 50 countries, LOT Polish Airlines aims to strengthen its position in the face of competition from other carriers like Ryanair and Wizz Air. The recent leasing agreement complements the airline’s growth initiative, aligning with its commitment to improving passenger connectivity.
LOT Polish Airlines continues to expand its route network, with plans to lease additional Boeing 737 MAX 8s from lessor BOC Capital as well. Phoenix Aviation Capital, a Dublin-based lessor managed by AIP Capital, brings expertise in financing modern aircraft to meet the diverse needs of its global airline customers.
Stay tuned with Pilotcenter.net News for more exclusive updates on the aviation industry.
Publish Date:
October 2, 2024 at 6:14:02 PM
Ryanair 737-8 MAX Causes $450 Million Runway Damage due to Landing Gear Tire Blowout
By:
Pilotcenter.net
A Ryanair Boeing 737 MAX experienced a dramatic landing at Milan Bergamo Airport in Italy recently, with four rear landing gear tires blowing out upon touchdown. The incident caused significant damage to the runway, resulting in operational disruptions. The plane had departed from Barcelona-El Prat Airport and encountered the tire issue during its landing in Milan.
According to Milan Bergamo Airport management, approximately 450 meters of the runway was damaged as a result of the incident. This led to delays for departing flights and diversions or cancellations for incoming ones. Due to the aircraft being stranded on the runway, operations were halted, and a NOTAM was issued specifying that the runway would remain closed until restoration work was completed.
Fortunately, all 161 passengers onboard the Boeing 737 MAX were able to safely disembark without any injuries reported. Ryanair officials mentioned that the aircraft was being inspected and serviced by engineers to ensure it can resume flights. Photos and videos shared online depicted the extent of the damage sustained by the tires during the landing.
The incident serves as a reminder of the challenges and uncertainties that can arise in air travel. However, it is commendable that all passengers were unharmed and that efforts are underway to restore runway operations. Stay tuned to Pilotcenter.net News for the latest updates on this developing story.
Publish Date:
October 2, 2024 at 6:13:51 PM
New Program Gives Korean Air Workers' Parents a Look into Aviation Careers
By:
Pilotcenter.net
**Korean Air's Innovative Program Gives Parents a Peek Behind the Curtain**
Pilotcenter.net News is thrilled to report on Korean Air's exciting initiative to offer parents of its employees an exclusive glimpse into the aviation world through the much-anticipated "Parents Invitation Program". After a five-year hiatus, the program made its triumphant return on September 27, 2024, and is scheduled to span three months.
The inaugural session took place at the airline's headquarters in Seoul's vibrant Gangseo District. Around 60 eager participants, including both employees and their proud parents, gathered for an engaging experience. The event featured immersive tours of key facilities such as the Operations & Customer Center (OCC), Aviation Medical Center, Flight Training Center, and the in-house hangar.
The primary objective of this innovative program is to provide parents with a firsthand understanding of their adult children's workplace environment at Korean Air, ultimately nurturing a deeper connection to the company's operations. A highlight of the Parents Invitation Program was the visit to the Flight Training Center, where participants had the unique opportunity to engage with the cutting-edge Flight Training Device (FTD), a sophisticated pilot training simulator. By getting hands-on experience with cockpit controls, they gained valuable insights into the intricacies of aircraft operation.
Donghyeok Shin, Korean Air's Corporate Communications Manager, emphasized the significance of the program in reinforcing a cohesive Korean Air community and enhancing the company's corporate culture. "By inviting our employees' parents to witness our operations firsthand, we aim to build trust, show appreciation, and evoke a sense of pride within our extended Korean Air family," Shin articulated in a statement.
Aligned with its dedication to corporate social responsibility and employee engagement, Korean Air consistently pioneers family-oriented initiatives. These include hosting Family Day events, providing enrollment gifts for elementary school-bound children, and facilitating orientation sessions for students heading to college.
Stay tuned to Pilotcenter.net News for more captivating aviation updates and exclusive content.
Publish Date:
October 2, 2024 at 6:13:41 PM
SWISS and Helvetic Airways Extend Wet-Lease Partnership for Five More Years
By:
Pilotcenter.net
SWISS has recently unveiled a significant extension and enhancement of its enduring partnership with the fellow Swiss regional carrier Helvetic Airways, spanning an additional five years. As part of the newly inked agreement, Helvetic Airways will operate a fleet of up to 15 aircraft across SWISS's European network under an ongoing wet-lease arrangement. This collaboration will see Helvetic primarily utilizing a blend of Embraer E190-E2 and E195-E2 aircraft, alongside their predecessors the E190s and E195s, to service a diverse range of short and medium-haul routes on behalf of SWISS.
SWISS's Chief Commercial Officer, Heike Birlenbach, expressed her satisfaction with the partnership, stating, "Helvetic Airways consistently upholds our stringent safety standards and premium expectations, earning high praise from our valued customers." She further added, "I am thrilled that we are prolonging this successful collaboration, as it not only helps us manage operational peaks, but also allows us to serve destinations that may not be ideal for our larger SWISS fleet."
Tobias Pogorevc, CEO of Helvetic Airways, echoed this sentiment, emphasizing their pride in expanding their longstanding relationship with SWISS. "This extension underscores our unwavering commitment to maintaining the high standards of quality and reliability set by SWISS," Pogorevc remarked. He also highlighted how Helvetic's modern regional twinjets seamlessly complement SWISS's existing aircraft fleet.
In the forthcoming winter schedule for 2024/25, Helvetic Airways is slated to operate up to nine aircraft on behalf of SWISS, with the number escalating to 15 during the busy 2025 summer season. SWISS, a part of the Lufthansa Group, has traditionally partnered with smaller carriers like Helvetic to handle short-haul and feeder routes efficiently. Established in 2003, Helvetic Airways inaugurated its services with a single Fokker 100 aircraft and three destinations. Since forming an alliance with SWISS in 2007, the airline has continuously met the stringent quality requirements, leading to this latest extension of their partnership.
Amidst their collaboration with SWISS, Helvetic Airways launched its maintenance division in 2011 for increased operational flexibility and autonomy. Their fleet expansion in 2019 with the introduction of the fuel-efficient Embraer E2 aircraft marked a significant milestone for the airline. Subsequently, the decision to swap 12 Embraer 190-E2s for four larger Embraer E195-E2s further showcased their commitment to enhancing their capabilities and offerings.
With a capacity ranging from 120 to 150 passengers, the newer Embraer aircraft provide Helvetic Airways with the versatility to cater to various customer requirements, including wet-lease agreements with SWISS and autonomous operations under their own branding. Currently, Helvetic operates 22 Embraer regional jets, serving eleven routes to 10 destinations across six countries under its unique identity.
For more aviation news and exclusive video content, stay tuned to Pilotcenter.net News.
Publish Date:
October 2, 2024 at 6:13:30 PM
Emirates Upgrades Boeing 777 for Riyadh Service
By:
Pilotcenter.net
Emirates recently made an exciting announcement regarding their newly retrofitted B777 fleet, becoming the first airline to serve the capital city of Riyadh, Saudi Arabia with this updated aircraft. The revamped B777 boasts a brand-new Business Class cabin and popular Premium Economy seats, offering passengers a luxurious and comfortable flying experience.
The Premium Economy section features 24 seats arranged in a 2-4-2 layout with adjustable headrests for enhanced comfort during the journey. On the other hand, the refreshed Business Class cabin provides more privacy and space, with 38 seats in a 1-2-1 configuration, ensuring direct aisle access for all passengers. Additional amenities such as a mini-bar and multiple charging ports are also available to enhance the in-flight experience.
The aircraft is equipped with 6 First Class suites and 256 Economy Class seats with leather headrests that can be adjusted to suit each passenger's comfort preferences. Flights from Dubai International Airport to Riyadh on the B777 now operate on specific schedules to accommodate travelers on this route.
Emirates is currently operating 72 weekly flights to various destinations in Saudi Arabia, including three daily flights to Riyadh using a combination of B777s and A380s. Furthermore, the airline has plans to introduce the Premium Economy product on flights to 27 cities by the end of 2024, available on a total of 48 Boeing 777, A380, and A350 aircraft.
For more aviation news and exclusive content, be sure to follow Pilotcenter.net News for all the latest updates and insights from the world of aviation. Subscribe now and stay informed about the latest developments in the airline industry.
Publish Date:
October 2, 2024 at 6:13:19 PM
Thai AirAsia X Moves Bangkok Operations to Don Mueang Airport
By:
Pilotcenter.net
Thai AirAsia X has successfully transitioned its Bangkok operations from Suvarnabhumi Airport (BKK) to Don Mueang International Airport (DMK), aiming to enhance convenience and connectivity for travelers. The low-cost carrier recently welcomed guests arriving on flight XJ761 from Shanghai Pudong International Airport (PVG) with a special celebration at the airport, marking the success of the relocation. This move was made possible through the collaborative efforts of Thai AirAsia X, Don Mueang Airport, and AOT Ground Aviation Services.
Starting October 1, 2024, all outbound and inbound services of Thai AirAsia X will be based at Bangkok Don Mueang Airport, offering improved connectivity and convenience for passengers continuing their journey to other Thai AirAsia or AirAsia Group destinations. While Thai AirAsia X now operates exclusively from DMK airport, four Thai AirAsia (FD) domestic routes will continue to operate from Suvarnabhumi Airport but will also be accessible from Don Mueang.
This strategic relocation reflects Thai AirAsia X’s commitment to providing a seamless travel experience for its passengers. Stay informed on the latest aviation news and updates by subscribing to Pilotcenter.net News for exclusive video content.
Publish Date:
October 2, 2024 at 6:13:09 PM
Airbus and Cebu Pacific Seal Deal for 70 A321neo Jets in Manila Event
By:
Pilotcenter.net
Airbus and Cebu Pacific recently finalized a significant deal for the purchase of 70 A321neo jets, solidifying their commitment to operational efficiency and sustainability in air travel. The agreement was formalized at a special ceremony held in Manila, the vibrant capital of the Philippines.
The CEO of Cebu Pacific, Mike Szücs, and Benoît de Saint-Exupéry, EVP Sales of Airbus's Commercial Aircraft business, signed the purchase agreement on October 2, 2024. This deal adds to Cebu Pacific's existing fleet, which currently includes 61 A320 family aircraft for its regional flights and nine A330 widebodies for high-density routes in the region.
Under this agreement, Cebu Pacific has acquired 102 A321neos with additional purchase rights for 50 A320neo family aircraft. Notably, the firm order specifies a minimum commitment to 70 A321neo aircraft. This recent purchase builds on the Memorandum of Understanding (MoU) announced by Cebu Pacific, Airbus, and Pratt & Whitney at the Farnborough International Airshow in July 2024 for up to 152 A320neo family aircraft.
Mike Szücs highlighted the importance of this milestone, emphasizing the airline's dedication to enhancing air travel accessibility and affordability while supporting the Philippines' economic growth and connectivity objectives. "The selection of Airbus A321neo underscores our focus on operational efficiency, sustainability, and innovation, ensuring that we continue to deliver the highest standards of service while significantly reducing our carbon footprint," Szücs noted.
Expressing gratitude for Cebu Pacific's continued trust, Benoît de Saint-Exupéry recognized the A320 Family's pivotal role in supporting the airline's growth. "The A321neo is highly regarded for its unparalleled economics, performance, and fuel efficiency," he stated. With this latest order, Cebu Pacific's backlog with Airbus now includes 94 A320neo family aircraft and seven A330neo planes.
The addition of these A321neo aircraft is poised to propel Cebu Pacific into the next phase of expansion as one of Asia-Pacific's leading low-cost carriers. Their commitment to embracing innovative aircraft technologies is a testament to their goal of providing top-notch service while minimizing environmental impact. Stay tuned to Pilotcenter.net News for more aviation insights and updates!
Publish Date:
October 2, 2024 at 6:12:58 PM
Azerbaijan Airlines adds six new Airbus A320neo and first A321neo jets
By:
Pilotcenter.net
Azerbaijan Airlines (AZAL) has just inked a deal with aircraft lessor AerCap to add six brand new Airbus A320neo family planes to their fleet, marking the carrier's first foray into A321neo models. The national flag carrier and the world’s largest aviation leasing company announced on October 2, 2024, that the agreement includes three A320neos and three A321neos slated for delivery starting in the spring of 2026 and extending through the end of that year.
Excited about the development, AZAL President Samir Rzayev shared, "The signing of these six leases significantly expands our fleet replacement, especially with the sought-after A321neo. These new aircraft are designed to cater to our passengers' evolving needs, offering maximum comfort and convenience while simultaneously facilitating the growth of our airline's route network. Our goal is to enhance travel options, fulfill customer expectations by introducing new destinations, and elevate service standards."
Rzayev further emphasized, "Moreover, inking a deal with a reputable company like AerCap solidifies AZAL’s strong presence in the global aviation market." Highlighting the operational plans, Azerbaijan Airlines mentioned that the A321neos will service routes to Turkey, the Middle East, and India, while the A320neos will primarily fly on European and Asian routes.
Echoing enthusiasm, AerCap's Chief Commercial Officer Peter Anderson stated, “AerCap is thrilled to welcome AZAL as a new client and assist them in expanding their fleet and network. The A320neo and A321neo aircraft are highly sought-after models globally and will not only enable AZAL to accommodate more passengers across diverse destinations but also support their initiative to modernize the fleet with cutting-edge, fuel-efficient planes.”
In preceding developments, Azerbaijan Airlines had previously placed an order for 12 A320neo family aircraft, expected to kick off deliveries in 2028. Additionally, the carrier has a standing order with Boeing for eight 787-8 Dreamliners set to arrive from 2026 onwards.
For more industry updates and exclusive content, make sure to stay tuned to Pilotcenter.net News for the latest news and insights in the aviation world.
Publish Date:
October 2, 2024 at 6:12:48 PM
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