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...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...Yet local airline stocks are not enjoying the boom....
...Five US carriers have raised bag fees by $5 in the past two months, starting with Alaska Airlines and JetBlue Airways in January and February, then American Airlines, United Airlines and Delta in a two-week...
...The country’s main airlines — flag carrier Turkish Airlines and low-cost airline Pegasus Airlines — ferried 115mn passengers last year, up 10 per cent from 2019, the year before the pandemic....
...Turkish Airlines has sharply increased its passenger numbers and capacity since 2019, bucking the trend in the global airline industry, which has yet to recover to pre-pandemic levels....
...The appeal followed pledges of $1bn of fresh investment in the country from companies including Microsoft and United Airlines that were part of a 22-strong business delegation....
...Some airlines will not have enough planes to meet demand for the peak summer travel season. Delta Air Lines is the notable outlier. It is the top performing US airline stock over the past year....
...Spirit, like Boeing, has been under regulatory scrutiny since the Alaska Airlines incident....
...The second chart shows the share price of Hawaiian Holdings — the parent of Hawaiian Airlines....
...The fifth-largest airline in the US has struck a deal to buy smaller rival Hawaiian Airlines — for $1.9bn, including debt....
...His comments follow strong words from bosses at rivals United Airlines and Alaska Airlines....
..., United Airlines, Delta Air Lines and Southwest Airlines, which together control about 80 per cent of the market....
...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...More recently, it has been dominated by production problems that have affected Boeing’s deliveries to airline customers....
...On Monday, a US federal judge nixed JetBlue’s all-cash buyout for Spirit Airlines, with an equity value of $3.8bn....
...Hours later, the chief executive of Alaska Airlines revealed that his airline had found “some loose bolts on many” Max 9s during inspections of the planes....
...Alaska Airlines has cancelled 22 per cent....
...The biggest operators are United Airlines and Alaska Airlines in the US, Turkish Airlines and Copa Airlines of Panama. Copa said it had temporarily suspended flights of 21 Boeing 737 Max 9 jets....
...According to Boeing data, more than 500 of the 737-900ER models have been delivered to airlines globally. Leading operators include United Airlines, Alaska Airlines and Delta Air Lines....
...Turkish Airlines, which is 49 per cent owned by the country’s sovereign wealth fund, is among the country’s crown jewels....
...Other big operators that use the model include United Airlines and Copa Airlines of Panama....
...A version of this article was first published by Nikkei Asia. ©2023 Nikkei Inc. All rights reserved....
...Even cards from the same issuer can carry different fees for merchants based on the rewards such as airline miles or cashback that the cards offer consumers....
...US regulators will investigate a new mishap involving a Boeing aircraft after a piece of engine housing fell off a Southwest Airlines plane yesterday....
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