February, 2023

• 18 February

  Singapore Air’s budget unit reaches deal for E2 planes

  

    Bloomberg Singapore Airlines Ltd’s low cost carrier signed a letter of intent to add Embraer SA regional jets to its fleet in a push to fly to smaller destinations in Asia’s emerging markets. Scoot Pte Ltd will start taking delivery of nine E190 E2 jets from 2024, the carrier said in a statement. The aircraft will be sourced from ...

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• 18 February

  Air passenger load factors back at 70% for China’s big three airlines

  

    Bloomberg Passenger loads at China’s top three airlines are rebounding as travel picks up again, boosted by people flying back to their hometowns for the Lunar New Year holidays and celebrating the chance to reunite with families and friends after nearly three years of Covid restrictions. China Southern Airlines Co filled 72.7% of its seats in January, the highest ...

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• 18 February

  Air France ‘turns page’ on Covid, sees higher profit this year

  

  Bloomberg Air France-KLM said it has “turned the page” on the coronavirus pandemic that prompted an unprecedented industry slump and forced a government bailout, predicting that it will exit state aid this year and return to full passenger capacity by the end of 2023. The airline group reported net income of €504 million ($528 million) in the fourth quarter, compared ...

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• 18 February

  NYC’s JFK Airport says power outage at T1 is affecting flights

    Bloomberg A power outage at New York’s John F Kennedy International Airport is delaying flights. The outage at Terminal 1 was caused by an electrical panel failure, which sparked a small fire last night that was quickly extinguished, the Port Authority of New York and New Jersey said in an emailed statement. It’s impacting both inbound and outbound flights. ...

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• 18 February

  Protesters target Boohoo at UK event

    Bloomberg Boohoo Group Plc was confronted by protesters angry at its record over workers’ rights when the fast fashion chain attempted to discuss ethical clothing at an event in London. Senior representatives of the British online retailer were speaking at Source Fashion, a conference connecting suppliers with retail buyers. Boohoo has previously faced accusations of low wages and poor ...

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• 18 February

  Uniper says it will overcome Russian gas issues by 2024

  

    Bloomberg Germany utility Uniper SE said it will overcome the problems generated by Russian gas cuts by 2024 at the latest. The company — which was rescued by the German government last year after the energy crisis put it on the brink of collapse — said it may continue to face high gas replacement costs in the next years, ...

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• 18 February

  Fossil-fuel subsidies hit record $1tr in 2022: IEA

  

  Bloomberg Even as global governments raise their ambitions to cut fossil fuels in the future, they spent a record $1 trillion last year subsidising energy sources that are the main driver of climate change. That’s the finding from the International Energy Agency (IEA), which estimates that the combined subsidies for oil, natural gas, electricity and coal hit an all-time high ...

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• 18 February

  India’s Gail explores buying stake in US LNG export plant

    Bloomberg Gail India Ltd. is looking to buy a stake in a US liquefied natural gas (LNG) export facility amid a wider global effort to secure supply to meet rising fuel demand. The company released an expression of interest to acquire as much as 26% equity in an existing LNG plant or a proposed facility that will be commissioned ...

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• 18 February

  World’s largest man-made dam weighs using floating solar panels

  

    Bloomberg The authorities in charge of the world’s largest man-made lake are considering using floating solar panels to generate power after plummeting water levels deepened power outages in Zambia and Zimbabwe. Adding photovoltaic capacity to the surface of the Kariba Dam the water would supplement more than 2,100 megawatts of hydropower capacity, Munyaradzi Munodawafa, chief executive officer of the ...

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• 18 February

  Adani Power scraps coal plant purchase

    Bloomberg Adani Power Ltd. has called off its plan to acquire a coal plant project in central India, as billionaire Gautam Adani looks to rein in spending and rebuild investor confidence in the wake of a bruising short seller report. The Adani Group company and DB Power Ltd. mutually agreed not to proceed with the transaction after a long-stop ...

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