Airlines News

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VietJetAir faces worldwide asset freeze over $250 million debt

VietJetAir has been hit with a worldwide asset freeze tied to $250 million in debt, according to a report in Commercial Aviation News. The available article summary provides no further detail on the parties seeking the freeze, its scope or its effect on the airline’s operations.

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Air Cairo is on track to open a hub at Hurghada

FlightGlobal

Alaska Air’s loss-making streak continues amid ‘significant’ fuel challenge

FlightGlobal

High activity

Alaska Air swings to a $147 million Q3 loss as fuel costs surge 60%

Alaska Air Group reported a $147 million third-quarter net loss, compared with a $73 million profit a year earlier, citing a significant fuel-cost headwind. Non-GAAP earnings per share of $0.36 beat estimates by $0.08, while revenue of $4.31 billion fell $10 million short of expectations.

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Denmark’s Jettime weighs fleet renewal, drops plan for second AOC

Danish airline Jettime is considering renewing its fleet while abandoning plans for a second air operator certificate, according to the report. The available information does not specify the aircraft involved, timing or the operational rationale for dropping the additional certificate.

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Jazeera Airways renews $193 million financing facility

Kuwait-based Jazeera Airways has renewed a $193 million financing facility. The available report does not specify the facility’s terms, lenders or intended use.

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Cathay Pacific considers adding up to 50 widebody aircraft

Cathay Pacific is weighing an expansion of its widebody fleet by as many as 50 aircraft. The available report does not specify a timeline, aircraft type or whether the airline has entered negotiations, leaving the scale of any potential commitment unclear.

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Korean Air and Jeju Air secure US loan guarantees, report says

Korean Air and Jeju Air have secured loan guarantees from the US, according to a report. The available information does not specify the guarantees’ value, terms, purpose or how they will affect either airline’s financing plans.