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Aerolineas Argentinas to Retire Boeing 737-700 Fleet Starting January 2025

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Aerolineas Argentinas has announced plans to retire a significant portion of its Boeing 737-700 fleet starting in January 2025, with the process expected to span 12 months. This decision comes as several leasing contracts for these aircraft approach their expiration. The retirement plan will impact multiple 737-700s, marking a shift in Aerolineas Argentinas’ fleet strategy as the airline looks…

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Korean Air 3Q 2024 Revenue Increases Despite Profit Decline

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Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.

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Qantas to Launch Weekly Nonstop Brisbane–Koror Service in December

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Qantas, Australia’s flagship airline, is set to introduce a new nonstop service connecting Brisbane to Koror, the capital of Palau, with flights commencing on 7 December 2024. This weekly service aims to improve connectivity between Australia and Palau, offering travelers a convenient and direct route to this popular Pacific island destination. Known for its rich…

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Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

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The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…

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Italy Suspends ITA Airways Stake Sale to Lufthansa Over Price Dispute

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Italy’s Treasury has temporarily suspended the sale of a 41% stake in ITA Airways to Lufthansa due to a price disagreement between the two parties. The deal, originally announced in May 2023, stipulated that Lufthansa would acquire the stake for €325 million, marking a strategic move to strengthen its position in Southern Europe. However, Lufthansa…

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Ethiopian Airlines Receives First Airbus A350-1000, Expanding Long-Haul Fleet

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Ethiopian Airlines, Africa’s largest airline, has taken delivery of its first Airbus A350-1000, identified by serial number 691. This new addition marks a significant milestone for the carrier, enhancing its long-haul fleet capabilities. Ethiopian Airlines plans to deploy the A350-1000 on major international routes, including destinations such as Washington DC, London, Paris, and Frankfurt, providing…

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Avianca Expands Fleet with New Boeing 787-8

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Avianca, Colombia’s flagship carrier, has added a new Boeing 787-8 to its fleet. The aircraft, identified by serial number 34795, is powered by Rolls-Royce Trent 1000 engines, known for their fuel efficiency and reliability. This addition strengthens Avianca’s long-haul service capabilities, supporting its international route network and enhancing the passenger experience with the Boeing 787’s…

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Turkish Airlines Reports $2.7 Billion Net Profit for First 9 Months of 2024

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Turkish Airlines has reported a strong financial performance for the first nine months of 2024, achieving a net profit of $2.7 billion on total revenues of $17.0 billion. The airline’s robust cash position, with cash and cash equivalents totaling $1.7 billion at the end of the period, highlights its financial resilience and capacity for continued…

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Congo Airways to Resume Operations with First Flight on November 10, 2024

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Congo Airways has officially announced that it will resume operations, with its first flight scheduled to take off on November 10, 2024. This marks a significant milestone for the national carrier of the Democratic Republic of the Congo, as it re-establishes its presence in the aviation market and aims to meet the travel needs of…

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Lufthansa to Offer Seasonal Winter Flights from Munich to Johannesburg and São Paulo

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Lufthansa has announced the conversion of its Munich to Johannesburg and Munich to São Paulo routes into winter seasonal services, beginning March 30, 2025. Both routes will be operated with the Airbus A350-900, offering passengers a modern and comfortable long-haul travel experience on these popular routes to South America and Africa.