ch-aviation
• Hilka Birns
The New Zealand government has approved an NZD845,000 (about $475,000) loan for regional carrier Air Napier. The funding will support essential fleet upgrades and refinance existing debt, providing targeted public financing for the airline’s near-term operational and balance-sheet needs.
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The sale of South Korean airline Air Premia is advancing with VIG, according to the available report. The article summary does not specify the transaction’s structure, timing, buyer details or potential implications for the carrier’s operations and strategy.
The New Zealand government has approved an NZD845,000 (about $475,000) loan for regional carrier Air Napier. The funding will support essential fleet upgrades and refinance existing debt, providing targeted public financing for the airline’s near-term operational and balance-sheet needs.
Aircalin plans to begin operating Airbus A350s on services to Australia. The report identifies the aircraft type and destination market, but does not specify when the change will begin or which routes and frequencies will use the A350.
Allegiant reported third-quarter revenue of $961.6 million, up 71.1% year over year and $16 million above expectations, while non-GAAP earnings per share were a loss of 3 cents. The low-cost carrier reduced flying nearly 6%, helping raise unit revenue as higher fares offset surging fuel costs.
The Federal Trade Commission is seeking information from airlines about how they set fares, putting airline pricing under renewed scrutiny. The companies have 45 days to respond, according to the article summary; it does not specify which airlines received the requests or what pricing practices the FTC is examining.
Sterling Airways has increased its Saab 2000 fleet by 50%, according to ch-aviation. The report provides no details on the number or source of the aircraft, or the timing of the fleet increase.
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