All Airlines articles – Page 124
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News
KLM repays last of Covid state aid
Dutch carrier KLM is to repay the remainder of the €942 million it borrowed from the state and banks under a loan package granted during the Covid-19 crisis.
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Restructured Garuda aims for rapid fleet growth, domestic focus
Garuda Indonesia hopes to have over 100 aircraft back in service by the end of 2022, and plans to focus primarily on Indonesia’s domestic market.
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AirAsia Philippines targets sharp boost in international capacity
AirAsia Philippines aims to expand international capacity aggressively, as it announces the resumption of its Manila-Singapore service.
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Air Canada cuts 10% of flights in July and August
Air Canada is making “meaningful” cuts to its summer schedule as it tries to get ahead of operational issues that have plagued numerous other airlines in North America.
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Alliance Aviation wins gold mine charter extension
Australian charter operator Alliance Aviation has secured a three-year contract extension from Agnew Gold Mining, its second such deal in one week.
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Srilankan warns of imminent bond payment default
Srilankan Airlines has warned about its capability to make a coupon payment on a Singapore-listed bond, citing the deterioration in Sri Lanka’s economy.
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Spirit delays shareholder vote on Frontier bid to 8 July
Ultra-low-cost carrier Spirit Airlines has once again delayed a planned shareholder vote on its potential acquisition to give it more time to negotiate with its two potential suitors, Frontier Airlines and JetBlue Airways.
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US airlines brace for summer’s busiest travel weekend
US airlines are preparing for potential trouble ahead of what promises to be the busiest travel weekend of the summer.
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Kenya Airways and SAA chiefs see partnership as key to unlocking African growth
The respective chief executives of Kenya Airways and South African Airways see the chance to unlock the potential of greater air connectivity within Africa as the reward as they work on developing plans for a pan-African operation.
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Volga-Dnepr founder quit post at CargoLogicAir ahead of UK sanctions
Alexey Isaykin, the founder and president of Russian cargo specialist Volga-Dnepr Group, has resigned as a director of UK-based freighter operator CargoLogicAir (CLA).
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Airline Business
Kenya Airways chief keeps eyes on restructuring but sees growth from 2024
Kenya Airways chief executive Allan Kilavuka sees an opportunity to return to growth in 2024, as it focuses in the near-term on implementing a restructuring aimed at securing a sustainable cost base.
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Korean Air plans capacity ramp-up from July; A380s to be deployed in Asia
Korean Air will increase international passenger capacity to about half of pre-pandemic levels by the end of the year, as it mulls “preemptively” hiring more staff to cope with increased demand.
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China quarantine cuts not enough to spur international travel recovery: IATA
While China’s move to cut quarantine time for travellers is “a step forward”, more should be done to do away with restrictions, which are a “disincentive” for travel, says IATA.
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Asia-Pacific international traffic picks up in May
International passenger traffic figures in May 2022 surged compared with May 2021, but a gloomy economic outlook has deflated the air cargo market.
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News
Silk Way West signs for A350 Freighter pair
All-Boeing cargo operator Silk Way West Airlines has placed an order for a pair of Airbus A350 Freighters, plus options for a further two examples.
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UK regulator proposes cut in Heathrow airport charges for coming five years
UK regulators are proposing a sliding scale of charges for airlines at London Heathrow airport under which the price cap will fall on average 6% annually over the coming five years in line with increased traffic.
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AirAsia X still committed to A330neos, A321XLRs: CEO
Malaysia-based AirAsia X expects to take delivery of Airbus A330neos and A321XLR long-range narrowbodies from 2026, as the airline cautiously restarts its network after a two-year hiatus.
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News
Alliance Aviation wins six-year extension for Sino Iron charters
Australian charter carrier Alliance Aviation has secured a six-year contract extension to continue flights operated on behalf of CITIC Pacific Mining Management (CPM).
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Greater Bay Airlines names veteran Stanley Hui as new CEO
Hong Kong start-up Greater Bay Airlines has named board member Stanley Hui as its new chief executive, effectively immediately.
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Garuda secures court approval for restructuring plan
Garuda Indonesia has secured court approval for a major restructuring plan, setting the stage for the beleaguered carrier’s revival.