Airlines
Porter Secures Sale, Leaseback For 12 Embraer E195-E2
Porter Aviation Holdings Inc.’s (Porter) wholly-owned subsidiary, Porter Aircraft Leasing Corp., has entered into sale and leaseback and pre-delivery payment (PDP) financing agreements for 12 Embraer E195-E2 aircraft. TrueNoord, and certain funds managed by affiliates of Apollo (NYSE: APO) and serviced by Merx Aviation, are participating in separate transactions for six aircraft each. Porter has now secured lease agreements with five leasing companies for a total of 26 E195-E2s. These aircraft are part of Porter’s original order for 30 E195-E2s. Aircraft deliveries are scheduled...
United, Emirates Expand Presence With New Deal
United and Emirates signed a historic commercial agreement this week, enhancing each carrier’s network and providing customers easier access to hundreds of destinations within the United States and around the world. United will launch a new direct flight between Newark/New York and Dubai starting in March 2023 and from there, customers can travel on Emirates or its sister airline flydubai to more than 100 different cities. Tickets for United's new Dubai flight are now on sale. Beginning in November, Emirates customers flying into three of the biggest business hubs in the United...
Air Canada Acquiring 30 ES-30 Electric Regional Aircraft
Air Canada has announced a purchase agreement for 30 ES-30 electric-hybrid aircraft under development by Heart Aerospace of Sweden. The revolutionary regional aircraft, expected to enter service in 2028, will generate zero emissions flying on battery power and yield significant operational savings and benefits. Under the agreement, Air Canada has also acquired a US$5 million equity stake in Heart Aerospace. Michael Rousseau, President and Chief Executive Officer of Air Canada, said that: “Air Canada has taken a leadership position in the industry to address climate change. The...
Caribbean At Risk Of Pricing Out Of Market
The price is not right. Driving home the point that “some Caribbean states are pricing themselves out of the global travel and tourism competition,” Peter Cerdá, Regional Vice President, The Americas for IATA, kicked off the 4th Caribbean Aviation Day held in the Cayman Islands by doing a price comparison between travel destinations. For example, a flight for an eight day vacation from London to Bridgetown in October is around $800, but a flight from London to Dubai for the exact same time frame is around $600. “For a family of four, that is an $800 difference just for the...
Nanaimo-Edmonton Flights Resume In October
Direct flights between Nanaimo and Edmonton are coming back, thanks to Nanaimo Airport’s strategic business relationships and investment from WestJet. WestJet Encore will resume the service starting on Oct. 30. Flights between the two cities will run three times a week, on Mondays, Fridays and Sundays. The airport has worked closely with WestJet to get the service restarted. Nanaimo Airport President and CEO Dave Devana said: “We’re very pleased that our close working relationships with our airline partners continue to expand the travelling choices for the communities we...
SIA Extends YVR Services Into 2024
Singapore Airlines has announced a further extension of its services between Vancouver and Singapore, effective immediately. Singapore Airlines will operate non-stop flights from Vancouver to Singapore throughout 2023 and into 2024. Flights are available and open for sale on all the GDS platforms. This is a further extension of the SIA schedule from Vancouver that was announced earlier in the summer. At that time, the schedule was upgraded from a seasonal status to year-round services into 2023. Flights depart Vancouver on Tuesdays, Thursdays and Saturdays. The flights will...
A First For Air Canada
Air Canada has become the first airline to be re-certified by the International Air Transport Association (IATA) for the safe transport of live animals by Air Canada Cargo. IATA awarded Air Canada Cargo with the Center of Excellence for Independent Validators for Live Animals Logistics (CEIV Live Animals) recertification following successful completion of the verification process. Jason Berry, Vice President, Cargo at Air Canada, said: “We are very proud to be recognized for our work in operating to the highest global standards for the worldwide transport of all live animals, and...
Rebuilding Stronger In The Caribbean
Tourism ministers from across the Caribbean are gathered in the Cayman Islands this week for a joint series of events with the Caribbean Tourism Organization (CTO) and the International Air Transport Association (IATA). “These are the first destination media briefings to be held in person since the start of the COVID-19 pandemic,” Kevin Pile, communications consultant for the CTO, announced ahead of a schedule of updates from 15 countries across the region. Yesterday, Kenneth Bryan, minister of tourism for the Cayman Islands, was voted in as the new chair of the CTO. “I’m...