All Air Transport articles – Page 277
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NewsAir France terminates A380 fleet with immediate effect
Air France has accelerated plans to phase out its Airbus A380 fleet and will retire the aircraft immediately rather than in 2022 as previously scheduled.
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NewsMajor lessors now hold substantial interests in Norwegian
Chinese-linked interests will hold significant shareholdings in Scandinavian budget carrier Norwegian following a debt-to-equity conversion scheme established to shore up the company’s financial position. Norwegian’s new share capital amounts to nearly 3.07 billion shares following the conversion scheme. Leasing firm BOC Aviation – which is Singapore-based, but ultimately controlled by ...
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NewsRolls-Royce overhaul primarily to affect UK civil aerospace
Rolls-Royce has increased its civil aerospace workforce by about one-third over the last 10 years, but admits that deep cuts in the sector will be necessary during its newly-unveiled restructuring. The company employs 26,100 personnel in the civil aerospace sector – accounting for about half its global workforce – with ...
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NewsAirbus opens dedicated A220 site in Mobile, starts JetBlue A220 assembly
Airbus has marked the opening of a new A220 final assembly site in Mobile, Alabama, a move the airframer says doubles its manufacturing presence in the city.
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NewsRescuers believe Comair has ‘reasonable’ chance of survival
South African carrier Comair’s business rescue practitioners believe there is a reasonable chance of the Johannesburg-based airline’s being saved. The airline’s board opted to enter business rescue on 4 May. Practitioners Shaun Collyer and Richard Ferguson met with creditors and employees on 19 May to outline the carrier’s position. They ...
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NewsRussian government lays out proposals to lift domestic civil aerospace
Russia’s government is proposing subsidise the operation of domestically-built aircraft, to reduce operating costs, and provide state guarantees to lessors to support the country’s civil aviation industry. President Vladimir Putin told senior politicians and airline industry leaders, via video conference on 13 May, that the proposal, running over 2020-21, would ...
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NewsEasyJet cybersecurity breach affects 9 million customers
UK budget carrier EasyJet is contacting customers after a serious cybersecurity breach which resulted in access to the personal information of 9 million travellers. Credit card details of just over 2,200 customers were accessed, the airline admits, and it has taken action to contact all of them to offer support. ...
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NewsPressured Utair cuts losses but coronavirus impact looms
Russian carrier Utair halved its pre-tax losses in the first quarter, despite initial effects from the coronavirus crisis, but the impact on the second quarter has yet to become clear. The financially-pressured carrier’s passenger numbers in April were down by nearly 90%. Utair disclosed in early March that it was ...
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NewsRussian authority recommends flights operate half-empty
Russia’s federal consumer rights protection authority is recommending that aircraft should not carry more than half their total passenger capacity during the restoration of air traffic. The authority, Rospotrebnadzor, states that, during check-in, passengers should not be seated in “close proximity” to one another – including seats immediately in front ...
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NewsSAA rescuers given deadline to deliver business plan
South African Airways’ rescue practitioners have been instructed to produce a formal business plan for airline within 25 days, after a parliamentary standing committee expressed dissatisfaction with a draft publication. The standing committee on public accounts is also seeking a full schedule of fees from the practitioners, their advisers, and ...
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NewsRyanair Group expects €200m first-quarter loss
Ryanair Group is forecasting a loss of more than €200 million for the first quarter, double the figure it estimated at the beginning of May, with a smaller loss in the second. The company is forecasting that it will transport fewer than 80 million passengers for the fiscal year 2020-21 ...
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NewsRyanair threatens closure of Lauda’s Vienna base
Ryanair Group is warning that it will close the Lauda Airbus A320 base at Vienna at the end of the month if there is no agreement on cost reductions. It says the Lauda division “underperformed” during the fiscal year to 31 March 2020 as a result of competition from Lufthansa ...
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AnalysisChinese lessors look closer to home for deals
China’s leasing executives are now the jetsetters of the industry, while their counterparts elsewhere relinquish their road warrior status and adapt to work-from-home conditions due to lockdowns and travel restrictions. “I’m going to take off in several minutes,” says a Chinese leasing executive in a recent message to Cirium on ...
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NewsSAA practitioners spent R10bn during five-month rescue effort
South African Airways’ business rescue practitioners spent R9.9 billion ($532 million) in the five months after they were called upon to try to save the loss-making airline. Testifying by video link to a parliamentary committee on 15 May, practitioner Siviwe Dongwana stated that the sum was used between 5 December ...
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OpinionWhy carriers cannot rush return from coronavirus
Quarantine might not completely kill any tentative recovery in air travel, but it would certainly limit its appeal to the few passengers who are either booking a one-way journey or do not mind spending time cooped up like a dog suspected of rabies.
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NewsOutbreak interrupts El Al 747-400 powerplant sale
El Al is renegotiating the sale of a batch of Boeing 747-400 engines after the economic impact of the coronavirus outbreak interrupted the original agreement. The Israeli flag-carrier withdrew its 747-400 fleet from service last year. All the aircraft were fitted with Pratt & Whitney PW4056 engines. It reached an ...
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NewsBoom mates supersonic XB-1’s wings with fuselage
Boom Supersonic has mated the wings and fuselage of XB-1, a supersonic demonstrator aircraft the company has said it will unveil this summer.
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NewsEl Al awaiting final 787 as it cancels 737 leases
Israeli flag-carrier El Al has yet to take delivery of its final Boeing 787, while the airline shuffles its current fleet as part of efforts to reduce cash burn. The carrier’s rejig includes cancelling a lease for two more Boeing 737-800s, it has disclosed in a newly-released full-year financial statement. ...
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NewsEl Al still discussing loan with carrier's survival at stake
Israeli flag-carrier El Al has warned that the survival of the airline is uncertain as it seeks to secure urgent funding to cope with the coronavirus crisis. In its belated full-year financial statement, El Al says a loan is “essential” and that the are “significant doubts” about the continued existence ...
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NewsUS Senators propose aerospace industry private-public partnership
US Senators Jerry Moran and Mark Warner have put forward a bill to support the aerospace industry as the aftereffects of the global coronavirus pandemic continue to ravage the sector and threaten to destroy thousands of jobs.