[Mifnet 🛰 74363] Re: Fwd: Airline Economics Daily News 29th September 2025

Sat, 18 Oct 2025 12:22:09 -0700 

Airline operating in Iceland moving its operations to Malta had nothing to do 
with it....

TR

----------------------------------------

*From: *Michael Rurik Halaby via Mifnet <[email protected]>
*To: *Mifnet <[email protected]>
*CC: *Michael Rurik Halaby <[email protected]>
*Date: *2025-09-29T18:31:43Z
*Subject: *[Mifnet 🛰 74359] Fwd: Airline Economics Daily News 29th September 
2025

> “There has been discontent among some employees due to changes in the 
> company's strategy [to ACMI]… PLAY also noted “negative media coverage” of 
> its operations, poor ticket sales, and weaker than expected performance as 
> key drivers.”
> 
> It is always a shame to see employees lose their jobs due to bad management 
> but I think any number of us cynics saw this coming. 
> 
> Management’s comments above immediately made me think of: “Other than that, 
> Mrs. Lincoln, how did you enjoy the PLAY?” 
> 
> 
> 
> Michael Rurik Halaby, FRAeS
> UK mobile/WhatsApp: +447711298408[tel:+447711298408]
> [email protected]
> instagram: halabyaero
> www.halaby.aero[http://www.halaby.aero/]
> 
> 
> 
> 
> Begin forwarded message:
> 
> *From:* Aviation News - daily news dedicated to the global aviation industry 
> <[email protected]>
> *Date:* 29 September 2025 at 21:10:52 GST
> *To:* [email protected]
> *Subject:* *Airline Economics Daily News 29th September 2025*
> *Reply-To:* Aviation News - daily news dedicated to the global aviation 
> industry <[email protected]>
> 
>  Airline Economics Daily News 29th September 2025
> _*[Image]*[Image 
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> *Monday 29th September 2025*
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> 
> *PLAY airlines ceases operations  *
> 
> PLAY airlines has ceased operations, the Icelandic airline said on Monday 
> (September 29).  
> 
> The low-cost carrier has cancelled all flights and said it will be working 
> will employees and authorities to wind down operations.  
> 
> After its disappointing first quarter results, the airline's CEO Einar Orn 
> Olafsson said the company would focus heavily on ACMI operations.  
> 
> “We rest our future on this business of operating our aircraft for other 
> operators,” Olafsson said during its first quarter earnings call. Four of the 
> airline's 10 aircraft had been deployed for ACMI leasing with SkyUp Malta 
> Airlines through 2027.  
> 
> This strategy had proven contentious with staff, however, with the airline 
> citing it as one of the reasons for its decision to cease operations.  
> 
> “There has been discontent among some employees due to changes in the 
> company's strategy… Great hopes had been pinned on the revision on the 
> revised business model introduced last fall, which at the time was considered 
> a source of considerable optimism,” the airline said in a statement. 
> 
> PLAY also noted “negative media coverage” of its operations, poor ticket 
> sales, and weaker than expected performance as key drivers.  
> 
> The airline had reported a net loss of $15.3 million in the second quarter of 
> 2025, widening from a $10 million loss a year prior, as well as a $26.8 
> million net loss in the previous quarter.   
> 
> PLAY said it was had “become clear” its changes was unable to deliver 
> “sufficient” results to overcome its “deep-rooted challenges”. The airline 
> said: “In hindsight, the new business plan should have been implemented 
> earlier.”  
> 
> The airline's management and board said the decision is “the most painful one 
> imaginable”.  
> 
> The company had ceased all North American operations in June, which had freed 
> up two aircraft for the airline, with one placed through 2026 and the other 
> was being marketed, the airline said in its second quarter results.  
> 
> In July, PLAY secured $20 million of subscription commitments through a 
> two-year convertible bond issuance. 
> 
> _Search news 
> archive...[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=0bf15a39d4&e=094a0d7c72]_
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> 
> */Airline News /*
> 
> *British Airways CityFlyer expands partnership with BeauTech  *
> 
> British Airways CityFlyer has expanded its partnership with aircraft engine 
> leasing solutions company BeauTech Power Systems through a new agreement to 
> support the airline's Embraer E190 fleet.  
> 
> The deal covers 14 CF34-10E engines, providing the airline with continued 
> operating lease support to cover upcoming maintenance events and ensure fleet 
> reliability. 
> 
>  
> 
> */Leasing News /*
> 
> *Avolon delivers one A320 to Aero K Airlines  *
> 
> Avolon has delivered one A320 aircraft to Korean airline Aero K Airlines.  
> 
> “Aero K’s dedication to cost efficiency and customer-first service aligns 
> with our commitment to supporting dynamic airlines with modern, reliable 
> aircraft solutions,” Avolon said. 
> 
> A second A320 is scheduled for delivery in October this year. 
> 
>  
> 
> */Finance News /*
> 
> *Credit Agricole CIB arranges sustainability-linked financing for Air France 
> A350  *
> 
> Credit Agricole CIB has arranged a sustainability-linked aircraft secured 
> term loan via a Japanese operating lease with a call option (JOLCO) to 
> finance one A350-900 for Air France. 
> 
> The financing conditions are linked to Air France achieving certain 
> sustainability performance targets, which includes a proportion of 
> new-generation aircraft and the use of sustainable aviation fuel (SAF).  
> 
> Credit Agricole CIB acted as global arranger and sustainability coordinator. 
> It also acted as lender alongside Bank of Communications, CIC, and Korea 
> Development Bank (KDB). 
> 
>  
> 
> */Technology News /*
> 
> *AFG acquires two CF6-80E1A4/B engines  *
> 
> AFG Aviation Ireland, a subsidiary of Aircraft Finance Germany, has acquired 
> two General Electric CF6-80E1A4/B engines from GE Aerospace subsidiary GE 
> Aviation Materials (GEAM).  
> 
> “The transaction was completed after both engines underwent a full 
> performance restoration shop visit at GE Evergreen Engine Services (GEEVES) 
> in Taiwan, ensuring they meet the highest operational standards,” AFG said in 
> a statement.  
> 
> The purchase was made on September 24, 2025, before the engines were 
> delivered to SAMI Airbus for aircraft and maintenance services. 
> 
>  
> 
> */Environment News /*
> 
> *Oxford University spin-out OXCCU raises $28 million in Series B funding to 
> scale SAF project  *
> 
> Oxford University spin-out OXCCU has raised £20.75 million ($28 million) in 
> an oversubscribed Series B funding round. The spin-out is developing a 
> one-step process to convert carbon waste into sustainable aviation fuel 
> (SAF). 
> 
> The funding round included new investors such as Orlen VC, Safran Corporate 
> Ventures, IAGiVentures, Hostplus, and TCVC. These new investors were 
> alongside established investors including Clean Energy Ventures, IP 
> Group/Kiko Ventures, Aramco Ventures, Eni Next, Braavos Capital, and the 
> University of Oxford. 
> 
> OXCCU said the new capital will allow it to accelerate its commercialisation 
> efforts, expand its operations, and advance its next phase of technology 
> scale-up. 
> 
> “In a market where capital is tight and investors are rightly selective, this 
> raise is a testament to the strength of our science, the clarity of our 
> mission, and the urgency of the problem we're solving,” said Andrew Symes, 
> CEO of OXCCU.  
> 
> According to OXCCU's website, it is planning a Series C funding round in the 
> first quarter of 2027, and is expecting to raise between $50 million and $100 
> million. 
> 
>  
> 
> *Smartenergy, Q8 Aviation enter strategic partnership on SAF production  *
> 
> Smartenergy, a Swiss-based renewable energy investment firm, has entered a 
> sustainable aviation fuel (SAF) production partnership with state-owned 
> Kuwaiti firm Q8 Aviation. 
> 
> Under the agreement, Q8 Aviation will serve as a long-term offtake partner 
> for Smartenergy’s planned production of electro-SAF (eSAF), receiving a 
> “substantial share” of future eSAF output. 
> 
> In a statement, the two companies said the partnership will help customers to 
> comply with the SAF mandates of both the EU and UK. 
> 
> Under the REFuelEU Aviation initiative, aviation fuel suppliers are expected 
> to blend an increasing percentage of eSAF into their overall fuel supply at 
> EU airports. 
> 
> By 2030, the EU SAF mandate requires at least 1.2% of the total fuel mix must 
> be eSAF, rising to 5% by 2035 and 35% by 2050. 
> 
> The UK SAF mandate imposes a 2% target in 2025, rising to 10% in 2030 and 22% 
> in 2040. 
> 
> The partnership will initially focus on Smartenergy’s two flagship eSAF 
> projects in Portugal, Project Galileu and Project Leca. 
> 
> Both facilities are being developed to comply with the EU’s renewable fuels 
> of non-biological origin (RFNBO) standards, as outlined under the bloc’s 
> third renewable energy directive (REDIII). 
> 
> Q8 Aviation, a subsidiary of Kuwait Petroleum International (KPI), said the 
> partnership will build on its existing logistics and distribution network, 
> which supplies fuel to over 70 airports worldwide.  
> 
> _Read all Europe 
> news...[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=78b38d7f0b&e=094a0d7c72]_
> 
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> 
> */Airline News/*
> 
> *Etihad wet leases two A320s, inaugurates Peshawar route  *
> 
> Etihad has wet leased two Airbus A320 family aircraft from Lithuanian ACMI 
> and charter operator GetJet Airlines. 
> 
> The aircraft will be based at Zayed International Airport in Abu Dhabi for 
> the winter 2025/26 season. 
> 
> One of the aircraft will be operated by GetJet Airlines, while the second 
> will be operated by Airhub Airlines — both part of GetJet Aviation Holdings. 
> 
> The two aircraft will support Emirates' operations from October 1, serving 
> routes Amman and Beirut, as well as selected services to Cairo and Muscat. 
> 
> The airline has also inaugurated its first flight between Abu Dhabi and 
> Peshawar.  
> 
> "With Pakistan being home to one of the largest expatriate communities in the 
> UAE, we are pleased to launch this new route offering more flexibility for 
> the community’s travel needs,” said Etihad Airways CEO Antonoaldo Neves. 
> 
> Etihad will initially operate five flights per week to Peshawar before 
> increasing to daily flights from November 20. 
> 
>  
> 
> *Air Mauritius office looted by anti-government protestors  *
> 
> Air Mauritius has issued a statement confirming that its office in 
> Antananarivo, the capital of Madagascar, has been looted by anti-government 
> protestors. 
> 
> The airline said the break-in took place on Thursday (September 25), when 
> large-scale protests against the government of President Andry Rajoelina 
> devolved into vandalism and violent clashes with security forces. 
> 
> Air Mauritius, the flag carrier of Madagascar’s closest neighbour and major 
> trading partner, said that "peripheral devices” and other IT equipment were 
> stolen during the incident, but no staff were harmed. 
> 
> Despite a fire breaking out on the ground floor, all employees were able to 
> leave the premises safely, and the fire was extinguished. 
> 
> The office is now temporarily closed, but the airline said it will dispatch 
> an on-site technical team “as soon as possible” to restore the IT system. 
> 
> Throughout this month, protests have erupted in Madagascar in response to 
> persistent blackouts, power cuts and water outages. 
> 
> Local media report that, for a period of months, residents of Antananarivo 
> have suffered frequent water and power outages, sometimes lasting over 12 
> hours a day. 
> 
> So far, several demonstrators have been shot dead in clashes with police, and 
> more than 50 have been injured. 
> 
> The government attempted to impose a curfew in Antananarivo on September 25 – 
> the same day the Air Mauritius office was looted. 
> 
> The protests, dubbed the Leo Délestage movement, are ongoing.  
> 
>  
> 
> */Airport News /*
> 
> *Qatar’s Hamad International inks sister airport agreement with Shenzhen 
> Bao’an  *
> 
> Qatar’s Hamad International Airport has signed a sister airport agreement 
> with Shenzhen Bao’an International Airport. 
> 
> The two partners said the agreement will expand both passenger and cargo 
> connectivity between the Middle East and China. 
> 
> Focus areas will include exchanging market insights, coordinating route 
> planning and technology adoption, and leveraging shared strengths as 
> innovation hubs. 
> 
> Hamad International currently connects to nine Chinese cities, namely 
> Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Hangzhou, Xiamen, Chengdu 
> and Hong Kong. 
> 
> These cities link to more than 120 global destinations through Doha, 
> positioning the Qatari airport as the preferred Middle East hub for Chinese 
> travellers. 
> 
> From January to August this year, Hamad International has served over 1.1 
> million passengers travelling from the nine Chinese cities. 
> 
> The MoU builds on existing ties between Qatar and China, including a _similar 
> sister airport 
> agreement[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=58e12ed8d4&e=094a0d7c72]_
>  that was announced last week between Hamad International and Beijing Daxing. 
> 
> In addition, earlier this month Qatar Airways announced that it will _expand 
> its codeshare 
> agreement[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=d6c4a5d806&e=094a0d7c72]_
>  with China Southern. 
> 
> Starting 16 October 2025, Qatar Airways will share code on China Southern's 
> three weekly direct flights between Beijing Daxing and Doha. 
> 
> Similarly, China Southern will expand its "CZ" code on Qatar Airways-operated 
> flights beyond Doha to 15 destinations across Africa, Europe and the Middle 
> East. 
> 
> _Read all Middle East/Africa 
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> 
> */Airline News /*
> 
> *Spirit Airlines cuts 40 routes in November schedule  *
> 
> Spirit Airlines is suspending around 40 routes in its November schedule, the 
> airline said in a memo sent to Spirit staff seen by Airline Economics on 
> Monday (September 29).  
> 
> The cuts come amid the airline's ongoing Chapter 11 bankruptcy restructuring 
> — its second in under a year.  
> 
> “We are suspending approximately 40 routes to focus on our strongest 
> markets,” Spirit Airline SVP and chief commercial officer Rana Ghosh said in 
> the memo. “These network adjustments include multiple routes that are 
> seasonal or only operate on certain days of the week.” 
> 
> After reducing its presence at both Hartford and Minneapolis, the airline 
> will discontinue services to these airports on October 31 and December 1, 
> respectively. Ghosh said these decisions were “difficult”.  
> 
> “We'll continue to make our routine schedule and network adjustments, but do 
> not anticipate any additional airports exits in the near future,” said Ghosh. 
>  
> 
> The airline announced last week it was reducing its November schedule 
> capacity by 25%, as well as furloughing 1,800 flight attendants.  
> 
> In the same memo, Ghosh introduced Andrea Lusso as the airline's new vice 
> president of network planning. Lusso most recently served as the principal, 
> supply chain & network design for Amazon Air — Amazon's the cargo airline and 
> typically branded as ‘Prime Air’ in relation to the e-commerce brand's 
> subscription service. Lusso had started his aviation career at Spirit, 
> serving as a flight operations and safety intern. He would go on to build his 
> career at low-cost carrier JetBlue, eventually serving as vice president, 
> enterprise planning.  
> 
> Last week, in a bankruptcy court document, it was _revealed Spirit had 
> reached a tentative 
> agreement[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=5dc296c5a3&e=094a0d7c72]_
>  with AerCap to reduce a number of its leased aircraft with the lessor. 
> Spirit operates an all-Airbus fleet, primarily consisting of the A320 family 
> jet. Out of 214 of the airline’s operating fleet, 166 are leased aircraft, 
> with AerCap being its largest lessor. The filing did not detail the number of 
> aircraft that will be reduced from the fleet.  
> 
> The deal will also see AerCap inject Spirit with a “significant” liquidity 
> infusion. Spirit said the cash provided will allow it to continue operations 
> while implementing its business plan and fleet rationalisation process. 
> 
> Additionally, sale and leaseback agreements for 36 undelivered Airbus A320neo 
> family aircraft, which were scheduled to be delivered between 2027 and 2028, 
> have been terminated. The lessor will retain full rights to the aircraft, 
> allowing them to be re-leased at potentially higher rates. 
> 
> Spirit emerged from its initial Chapter 11 _restructuring in 
> March[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=089eb6ffc0&e=094a0d7c72]_,
>  intending to move ahead under its premium rebrand. 
> 
>  
> 
> */Airport News /*
> 
> *FAA extends order limiting operations at Newark  *
> 
> The US Federal Aviation Administration (FAA) has extended an order that 
> limits the rate of arrivals and departures at New York’s Newark airport. 
> 
> The order, first introduced in June this year, will now be in place until 
> October 2026. 
> 
> At the same time, the latest FAA order increases the hourly flight limit at 
> Newark from 68 to 72 operations, also effective until October 2026. 
> 
> The move comes after the regulator received “constructive comments” from the 
> airport operator and airlines on extending the flight limits to help address 
> congestion at Newark. 
> 
> The goal of the reduced arrivals and departures is to maintain safety while 
> alleviating flight delays due to staffing and equipment challenges, resulting 
> in smoother travel into and out of Newark, the FAA said. 
> 
> The June 2025 order was originally scheduled to expire on December 31, 2025. 
> On August 12, 2025, the FAA published a notice that invited comments on its 
> proposal to extend the order. 
> 
> Carriers concurred with the FAA’s proposal to extend it, and for a rate 
> increase of 72 hourly operations, with no more than 36 arrivals and 
> departures respectively, up from the 68 hourly operations established by the 
> June 2025 order. 
> 
> _Read all Americas 
> news...[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=ab027089c9&e=094a0d7c72]_
> 
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> 
> **/Airline News/*
> *
> *Qantas launches first A321XLR services*
> Qantas launches first A321XLR services Qantas has confirmed the launch of its 
> newest aircraft, the Airbus A321XLR, which completed its inaugural flights 
> last week. 
> 
> On Thursday (September 25), the airline’s two A321XLR began flying between 
> Sydney and Melbourne and Sydney and Perth respectively. 
> 
> The Australian flag carrier is the first airline in Asia Pacific to fly the 
> new aircraft type, and the fourth globally. 
> 
> The A321XLR features a wider and longer cabin than previous generation 
> narrowbody aircraft, with wider seats, higher ceilings and larger windows. 
> 
> It is five metres longer than the 737-800, and in Qantas’s configuration, 
> will seat 197 passengers (20 business and 177 economy). 
> 
> This is an increase of 13% in total seat capacity, with no reduction in space 
> between seats and a 66% increase in business seats, the airline said. 
> 
> The aircraft is powered by Pratt & Whitney geared turbo fan (GTF) PW1100G-JM. 
> 
> Vanessa Hudson, CEO of Qantas Group, said the extended range will allow 
> Qantas to operate the A321XLR on both domestic and short-haul international 
> routes. 
> 
> This will include services to destinations in South East Asia that are 
> currently “not viable” with other narrowbody aircraft, she added. 
> 
> In August this year, Qantas announced an order for an additional 20 A321XLR 
> aircraft, including lie-flat business seats on 16 aircraft to serve longer 
> routes. This takes Qantas’ current A321XLR order to 48 aircraft 
> 
> Qantas said the A321XLR is a “key part” of its largest ever fleet renewal 
> programme, which covers more than 200 aircraft on firm order and additional 
> purchase right options with both Airbus and Boeing. 
> 
>  
> 
> *Philippine Airlines' first retrofitted A321ceo takes flight  *
> 
> Philippine Airlines (PAL) has confirmed that the first of its newly 
> refurbished Airbus A321ceo fleet will be re-introduced into service from 
> September 2025 onwards. 
> 
> The Philippines’ flag carrier said it has received the aircraft from the 
> Lufthansa Technik Philippines (LTP) facility in Manila, where the 
> retrofitting took place. 
> 
> In total, 18 of PAL’s A321ceo aircraft will be retrofitted under the 
> programme, with the remainder of the aircraft set to be released between 2025 
> and 2027. 
> 
> The reconfigured A321ceos will be used on flights to Tokyo (Haneda and 
> Narita), Osaka, Jakarta, Bali and Guam this year, and to other key Asian 
> destinations in the PAL network next year. 
> 
> The refurbished cabin is designed to accommodate 194 passengers in a 
> dual-class layout, with 182 economy class seats and 12 business class seats. 
> 
> PAL’s A321ceo fleet will also be the first aircraft to feature seats that 
> were manufactured and installed in the Philippines. 
> 
> Since 2000, the LTP facility has operated as a joint venture between 
> Lufthansa and the Philippines’ MacroAsia Corporation. The facility 
> specialises in base maintenance service and a wider a range of maintenance, 
> repair and overhaul (MRO) services.  
> 
>  
> 
> */Technology News /*
> 
> *Malaysia Airlines adds seventh A330neo  *
> 
> Malaysia Airlines has added its seventh A330neo aircraft. The aircraft 
> departed from Toulouse before arriving at Kuala Lumpur International Airport 
> on Sunday (September 28). 
> 
> In July this year, Malaysia Airlines' parent company Malaysia Aviation Group 
> (MAG) ordered _20 additional 
> A330-900s[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=82a713e785&e=094a0d7c72]_.
>  Once delivered, these aircraft will bring the airline's total number of A330 
> jets to 40. 
> 
> _Read all Asia/Pacific 
> news...[https://aviationnews-online.us2.list-manage.com/track/click?u=356c914b9a104034e28fbe624&id=8fd14eb0f2&e=094a0d7c72]_
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