ARC NEWS
FAA announces third round of grants to improve airports
July 29, 2024
A Lufthansa Airbus A320-200, registration D-AIUJ performing flight LH-2263 from Marseille (France) to Munich (Germany), touched down on Munich's runway 26R. During roll out the nose gear rotated 90 degrees to the right at low speed disabling the aircraft on the runway. The aircraft skidded about 20 meters with the nose gear rotated before it came to a stop. The runway was closed for about 2 hours until the aircraft could be towed to the apron. The aircraft is still on the ground in Munich about 18 hours after landing.


Rex halts shares amid report of potential turnaround plan
July 29, 2024
Rex Airlines parent company Regional Express Holdings halted the trading of its shares before market opening on 29 July following reports that turnaround specialists had been appointed to assist the airline. An Australian Securities Exchange announcement shows that the halt was requested until 31 July or once a "material announcement in relation to a news article published on Saturday, 27th July" is made. That appears to be a reference to a report in The Australian newspaper that claims the company has appointed Deloitte partners Sal Algeri and Richard Hughes to advise it on a potential turnaround. Hughes and Algeri, alongside two other Deloitte partners, were appointed as administrators of Virgin Australia in April 2020, under which they were able to restructure and sell the airline Deloitte referred all enquiries to Rex. The report comes amid a boardroom dispute at the carrier after former executive chairman Lim Kim Hai lodged a request for a shareholder meeting on 8 July, seeking to remove four directors including chairman John Sharp and install two other directors. Lim had been the executive chairman of the company for 21 years until 5 June when Rex announced that chief operating officer Neville Howell would become its chief executive, while Sharp was elevated from deputy chair to non-executive chairman. Rex halved its loss before tax in the six months to December 2023 to A$2 million ($1.31 million) from A$15.7 million in the previous corresponding period, as the previously regional-focused airline continued to grow its Boeing 737 fleet and the expansion onto domestic trunk routes. Despite predicting revenue growth for the fiscal year ended 30 June, the airline did not provide any profit guidance, and has remained tight-lipped about its financial performance. Fleets data shows that Rex has nine 737-800s and 38 Saab 340Bs in operation, and a further 19 of the latter in storage. Rex also operates in Australia's charter market through wholly-owned subsidiary Pel-Air, and a 50% shareholding in National Jet Express.


​Flynas signs for 90 more Airbus jets
July 26, 2024
Saudi Arabian low-cost carrier Flynas has reached a memorandum of understanding with Airbus to order 75 A320neo narrowbodies and 15 A330-900 widebodies. The A330-900s will be configured with 400 seats across a two-class layout, Airbus says. Flynas chief executive Bander Almohanna credits the A320neo family with "exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences". The A330neo, meanwhile, "will enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia's pilgrim programme", he adds. Feets data shows that Flynas has 53 CFM International Leap-powered A320neos, four A320ceos equipped with CFM56s, six A330-300s, and three A330-900s. The A330ceos are fitted with Rolls-Royce Trent 700s, while the A330neo is exclusively powered by Trent 7000s. Prior to the latest agreement, Flynas had 67 A320neos and 10 A321XLRs on order, all to be Leap-powered. Airbus asserts that the A330neo delivers "unbeatable operating economics".


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