With the upcoming NBAA event Oct. 22-24, Flight Friday looks at the recovery and sustained post-pandemic utilization levels within the business aviation sector.
BOC AVIATION executed 70 aircraft transactions (35 lease commitments/19 purchase commitments) in 3Q23 vs 124 (62/41) in 3Q23. It now has owned/managed/committed fleet of 693 aircraft (430 owned) vs 681 (413) a year ago.
AZORRA, FL signed lease agreements for six aircraft (four A220s/two E190-E1s) in 3Q24 vs six in 3Q23; it delivered 11 (two A220s/five E195-E1s/two E195-E2s/two E190-E2s) vs four. It ended quarter with 111 aircraft, plus 42 on order.
UNITED plans in summer 2025 to begin Newark-Nuuk, Greenland/-Palermo, Italy/-Bilbao, Spain/-Madeira Island, Portugal/-Faro, Portugal; Dulles-Dakar, Senegal and (seasonal) -Nice, France/-Venice, Italy; San Francisco-San Jose, Costa Rica; Houston-Escondido, Mexico; and Tokyo Narita-Ulaanbaatar, Mongolia/-Kaohsiung, Taiwan/-Koror, Palau.
AIRASIA plans in October/November to begin Kuala Lumpur-Chiang Rai, Thailand/-Da Lat, Vietnam/-Port Blair, India/-Chongquing, China/-Nairobi, Kenya (A320), adding to its existing 112 international/14 domestic routes out of KLIA.
AIRCASTLE had $28.7m net profit on $217m revenues in second quarter ended Aug 31 vs $5.5m on $168m a year ago; it has $3.1b in liquidity and owns 244 aircraft (214 unencumbered valued at $6b) vs 239 (201) a year ago.
DELTA AIR LINES had $1.3b net income in 3Q24 (vs $1.1b in 3Q23) on 1% higher revenues. It says CrowdStrike-caused outage resulted in $380m direct revenue impact/$170m non-fuel expense impact, reducing EPS by $0.45.
Delta Air Lines expects to restore its regional jet capacity to pre-pandemic levels by summer 2025, having seen considerable improvements in pilot availability.
Air Canada pilots have voted to approve a tentative agreement, ending a contentious period between management and labor that nearly resulted in a strike.
Irish ULCC Ryanair plans to cut its German flight offering by an additional 12%, which equals 1.8 million seats and 22 canceled routes, for summer 2025.
Flights to new points in Greenland, Mexico, Mongolia, Senegal and Taiwan are among the destinations being added to United Airlines’ summer 2025 schedule.
Lufthansa plans to terminate a special pro-rate agreement (SPA) with now competing leisure carrier Condor later in October, industry sources tell Aviation Week.
Emirates has invested around US$48 million in Airbus A350s full suites of cutting-edge equipment and systems to support both pilot and cabin crew training.
