Latest news with #A320neos
Zawya
5 days ago
- Business
- Zawya
Jazeera Airways relaunches direct flights to Abha
Kuwait – Jazeera Airways has resumed three weekly direct flights to Abha in the Kingdom of Saudi Arabia. The relaunch was marked by a ribbon-cutting ceremony attended by Bandar Bin Aboud, Counselor at the Saudi Embassy, alongside Jazeera Airways CEO Barathan Pasupathi and Chief Executive Government Affairs Naser Fahad Alobaid. Abha is Jazeera Airways' seventh destination in Saudi Arabia, offering travelers easy access to one of the Kingdom's most scenic and culturally rich cities. About Jazeera Airways Founded in 2004, Jazeera Airways is a leading low-cost carrier based in Kuwait, serving over 5 million passengers across a network of more than 60 destinations in the Middle East, Central and South Asia, Africa, and Europe. Dedicated to offering affordable, high-quality air travel, Jazeera Airways caters to business, leisure, religious, and weekend travellers, all while maintaining the highest standards of safety and customer service. Jazeera Airways currently operates a modern and efficient fleet of 24 Airbus A320ceo and A320neo aircraft, enabling it to optimize fuel efficiency and reduce environmental impact. 26 new aircraft from its orderbook, 18 A320neos and 8 A321neos are expected to arrive 2027 onwards. The only publicly traded airline on the Kuwait Stock Exchange (Boursa Kuwait), Jazeera Airways was recognized as a Fortune 500 Arabia company and named "Great Place to Work" in 2023. A trailblazer in the aviation sector, Jazeera Airways has introduced several digital initiatives to its customer experience and is one of the first to design, build, and operate its own terminal, Jazeera Terminal 5 (T5), at the Kuwait International Airport.
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Business Standard
03-06-2025
- Business
- Business Standard
HK Express airfares fall amid rising competition, aircraft issues: CEO
An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific's budget arm HK Express, its CEO said, as competition rises after a third runway opened at Hong Kong's airport. Many airlines, including HK Express and its low-cost rivals, are capitalising on the third runway that opened in November to add more flights, CEO Jeanette Mao told reporters on the sidelines of the IATA annual meeting in New Delhi. HK Express was the world's fastest-growing airline last year, with flight frequencies up 46 per cent from 2023 according to aviation data firm OAG, and it expects to grow by more than 30 per cent this year, according to Mao. "But of course such aggressive growth in the supply also added pressure on the yield side," she said. HK Express annual yield, a proxy for airfares, fell 23 per cent year-on-year in 2024, mainly due to intense price competition on regional routes pushing airfares down. Yields at Cathay Pacific's full-service airline were down 12 per cent. Airfares in Asia are coming down from post-pandemic record highs as the region's airlines continue to restore seat capacity. Asia's air travel recovery has lagged the rest of the world due to China and Hong Kong being slower to return to international flying after COVID-19. Last year, capacity between Hong Kong and short-haul destinations surged by almost 40 per cent, so fares from Hong Kong to Southeast and Northeast Asia are under pressure, Mao said. Some Asian rivals with lower-cost home bases are using "fifth-freedom" rights, which have been allowed for many years in Hong Kong, to fly routes from the city to destinations outside the foreign airline's home country, directly competing with HK Express routes, Mao said. For example, Thai AirAsia in June launched a Bangkok-Hong Kong-Okinawa route. Another drag on HK Express has been the grounding of Airbus 320neo planes due to industry-wide issues with their Pratt & Whitney engines, Mao said. Half of the 10 A320neos in its fleet are still grounded, she said, adding there was not a definite timeline of when the issue can be resolved. The situation is improving but the airline needs more clarity from the engine manufacturer "to regain the confidence for our recovery aircraft reactivation", she said.
Business Times
03-06-2025
- Business
- Business Times
HK Express airfares dragged down by rising competition out of Hong Kong, CEO says
[NEW DELHI] An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific's budget arm HK Express, its CEO said, as competition rises after a third runway opened at Hong Kong's airport. Many airlines, including HK Express and its low-cost rivals, are capitalising on the third runway that opened in November to add more flights, CEO Jeanette Mao told reporters on the sidelines of the Iata annual meeting in New Delhi. HK Express was the world's fastest-growing airline last year, with flight frequencies up 46 per cent from 2023 according to aviation data firm OAG, and it expects to grow by more than 30 per cent this year, according to Mao. 'But of course, such aggressive growth in the supply also added pressure on the yield side,' she said. HK Express annual yield, a proxy for airfares, fell 23 per cent year on year in 2024, mainly due to intense price competition on regional routes pushing airfares down. Yields at Cathay Pacific's full-service airline were down 12 per cent. Airfares in Asia are coming down from post-pandemic record highs as the region's airlines continue to restore seat capacity. Asia's air travel recovery has lagged behind the rest of the world due to China and Hong Kong being slower to return to international flying after Covid-19. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Last year, capacity between Hong Kong and short-haul destinations surged by almost 40 per cent, so fares from Hong Kong to South-east and Northeast Asia are under pressure, Mao said. Some Asian rivals with lower-cost home bases are using 'fifth-freedom' rights, which have been allowed for many years in Hong Kong, to fly routes from the city to destinations outside the foreign airline's home country, directly competing with HK Express routes, she said. For example, Thai AirAsia in June launched a Bangkok-Hong Kong-Okinawa route. Another drag on HK Express has been the grounding of Airbus 320neo planes due to industry-wide issues with their Pratt & Whitney engines, she added. Half of the 10 A320neos in its fleet are still grounded, the CEO said, adding there was not a definite timeline of when the issue can be resolved. The situation is improving but the airline needs more clarity from the engine manufacturer 'to regain the confidence for our recovery aircraft reactivation', she said. Pratt, owned by RTX, did not immediately respond to a request for comment. REUTERS
Business Wire
28-05-2025
- Business
- Business Wire
Avolon Delivers Royal Jordanian's First Airbus A320neo
TOULOUSE, France--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, has completed the delivery of the first Airbus A320neo in Royal Jordanian's fleet. The delivery was celebrated today at a ceremony at the Airbus Delivery Centre in Toulouse and is the first of eight A320neos to be delivered by Avolon over the next 12 months. Royal Jordanian's first A320neo is configured with a 180 seat all economy layout, designed for customer comfort and efficient operations across its regional network. Future deliveries will feature a variety of cabin configurations, from all economy to premium layouts including lie flat beds on A321neo. The new aircraft will support Royal Jordanian's fleet expansion strategy in key markets across the Middle East, Africa, and Europe, and its transition to new technology aircraft. The A320neo delivers 20% lower fuel burn and CO2 emissions compared to previous-generation Airbus narrowbody aircraft, and 50% noise reduction. Royal Jordanian currently operates a fleet of 24 aircraft flying to 50 destinations and is planning to grow its fleet to 41 aircraft by 2028. Avolon and Royal Jordanian are long-standing partners and these A320neo family deliveries add to the two Boeing 787-8s Avolon already has on lease to the airline. At 31 March 2025 Avolon had 140 A320neo family aircraft in its fleet, with a further 294 on order. Paul Geaney, President and Chief Commercial Officer of Avolon, commented: 'We are pleased to strengthen our partnership with Royal Jordanian with this first A320neo delivery. We are proud to play a central role in the airline's fleet expansion plans, leveraging our large orderbook to support Royal Jordanian's future growth. As passenger traffic in the region continues to grow, we look forward to future opportunities to work together.' Samer Majali, Vice Chairman and CEO of Royal Jordanian, commented: 'The delivery of our first A320neo marks a significant milestone in our fleet modernization strategy. This aircraft, with its advanced technology and enhanced fuel efficiency, will enable us to offer improved services to our passengers while reducing our environmental footprint. Configured with all economy seats, this aircraft will serve a number of popular tourist routes, supporting our goal to promote Jordan as a destination of choice. It also reinforces our role as the preferred carrier connecting the Levant with key cities across the Middle East, and Europe, as we continue to position Amman as the region's leading transit hub.' About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025.
Yahoo
28-05-2025
- Business
- Yahoo
Avolon Delivers Royal Jordanian's First Airbus A320neo
Delivery is first of 8 A320neos Avolon is leasing to Royal Jordanian Supporting Royal Jordanian's fleet expansion strategy Avolon has an orderbook of 294 A320neo family aircraft TOULOUSE, France, May 28, 2025--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, has completed the delivery of the first Airbus A320neo in Royal Jordanian's fleet. The delivery was celebrated today at a ceremony at the Airbus Delivery Centre in Toulouse and is the first of eight A320neos to be delivered by Avolon over the next 12 months. Royal Jordanian's first A320neo is configured with a 180 seat all economy layout, designed for customer comfort and efficient operations across its regional network. Future deliveries will feature a variety of cabin configurations, from all economy to premium layouts including lie flat beds on A321neo. The new aircraft will support Royal Jordanian's fleet expansion strategy in key markets across the Middle East, Africa, and Europe, and its transition to new technology aircraft. The A320neo delivers 20% lower fuel burn and CO2 emissions compared to previous-generation Airbus narrowbody aircraft, and 50% noise reduction. Royal Jordanian currently operates a fleet of 24 aircraft flying to 50 destinations and is planning to grow its fleet to 41 aircraft by 2028. Avolon and Royal Jordanian are long-standing partners and these A320neo family deliveries add to the two Boeing 787-8s Avolon already has on lease to the airline. At 31 March 2025 Avolon had 140 A320neo family aircraft in its fleet, with a further 294 on order. Paul Geaney, President and Chief Commercial Officer of Avolon, commented: "We are pleased to strengthen our partnership with Royal Jordanian with this first A320neo delivery. We are proud to play a central role in the airline's fleet expansion plans, leveraging our large orderbook to support Royal Jordanian's future growth. As passenger traffic in the region continues to grow, we look forward to future opportunities to work together." Samer Majali, Vice Chairman and CEO of Royal Jordanian, commented: "The delivery of our first A320neo marks a significant milestone in our fleet modernization strategy. This aircraft, with its advanced technology and enhanced fuel efficiency, will enable us to offer improved services to our passengers while reducing our environmental footprint. Configured with all economy seats, this aircraft will serve a number of popular tourist routes, supporting our goal to promote Jordan as a destination of choice. It also reinforces our role as the preferred carrier connecting the Levant with key cities across the Middle East, and Europe, as we continue to position Amman as the region's leading transit hub." About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025. View source version on Contacts David Breen / Darragh CrowleyAvolon Investor Relationsir@ T: +353 1 231 5800 Douglas KeatingeAvolon Head of Communicationsdkeatinge@ T: +353 86 037 4163 Sign in to access your portfolio
