All Airlines articles – Page 299
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NewsBankruptcy is not a financial tool: American chief
American Airlines chief executive Doug Parker expects all the major US airlines to survive the current zero-revenue environment created by coronavirus pandemic, including the one he leads. Despite the many millons of dollars being burned daily by American (and by its peers), filing for bankruptcy protection is not perceived by ...
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NewsUnited reshuffles management to prepare for post-coronavirus world
United Airlines says that it is reshuffling top management roles to better prepare itself for a post-coronavirus transformation.
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NewsAmerican sees signs of travel rebound
American Airlines says it sees promising signs of a rebound in air travel after the coronavirus pandemic decimated the industry earlier this year, but warns that the bounce in demand is tenuous, and from a vanishingly low level.
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NewsKenya Airways losses widen in 2019 on higher costs
Kenya Airways pre-tax losses deepened to KSh13 billion for the year ending December 2019 despite increasing passenger levels and revenues.
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NewsAdministrators see ‘reasonable’ prospect of SAA rescue
Business rescue practitioners at South African Airways describe as “reasonable” the prospects of rescuing the struggling carrier, though stress this is dependent on the necessary funding.
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NewsLufthansa board delays state aid approval over EU conditions
Lufthansa’s supervisory board has postponed pushing ahead with approving crucial state-supported funding because of European Commission conditions attached to the package.
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NewsSAA rescuers pour cold water on plan to resume domestic flights
South African Airways’ plan to restart domestic flights in mid-June has been called into question by its rescuers, who have criticised the airline for releasing an “unvetted” public statement that created an “unfair expectation” among stakeholders.
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NewsCourt accepts Thai Airways rehabilitation filing: sources
A Thai bankruptcy court has today accepted Thai Airways International’s application for business rehabilitation, and a hearing will be held in under three months as to whether the company should be permitted to enter that process, according to two sources. “Today, the court has accepted the request for business rehabilitation ...
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NewsAir Canada tests demand with international summer flights
Air Canada will launch an “abridged” schedule this summer with 97 destinations down from 220 last year, betting that coronavirus cases will decline and governments will ease restrictions to enable more international travel. The carrier began its summer sales push by resuming service on 25 May to New York-LaGuardia, Washington-Dulles, ...
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Airline BusinessMore Latin American airlines could face liquidity shocks
LATAM and Avianca are Latin America’s first carriers to file for bankruptcy protection amid the pandemic, but they are unlikely to be last considering the slow pace at which the region’s governments have implemented financial assistance programmes.
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NewsAerCap pushes back deliveries of 37 aircraft
Leasing giant AerCap is deferring deliveries of 37 aircraft which it had expected to introduce over the course of the next two years. AerCap says the measure brings to more than 100 the number of aircraft it had been intending to receive over 2020-22. The 37 which are the subject ...
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NewsIATA spells out airline failure fears from rising debt burden
IATA is warning that the increased debt levels being racked up by airlines to counter the revenue shortfall during the coronavirus grounding means a slower recovery and the potential for failures remain even though state interventions have been made.
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NewsAir New Zealand grounds 777s and defers A321neo deliveries
Air New Zealand (ANZ) will ground its Boeing 777-200ER and 777-300ER fleets until at least the end of this year as part of organisation-wide cost-cutting measures. Including deferrals of planned Airbus A321neo deliveries, the airline has also deferred or cancelled almost NZ$700 million ($430 million) of expected capital expenditure to ...
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NewsChina Airlines issues A350-900 leaseback RFP: sources
China Airlines has issued a request for proposals for the sale and leaseback of two Airbus A350-900s, according to two sources. The Taiwanese flag carrier has returned to the market after agreeing to sell and lease back five A330-300s earlier this month. The deadline for bids on the A350s is ...
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NewsAir Canada to fly modified business-only A319s on domestic routes
Air Canada starting 1 June plans to fly three modified Airbus A319s with only 58 business-class seats between Toronto, Montreal and Ottowa, aiming to maintain air travel while minimizing the risk of coronavirus infection. The flights sold through its charter subsidiary Air Canada Jetz will fly one morning and one ...
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NewsInquiry alleges tampering of hard-landing A321 cockpit recorder
Russian investigators probing an Airbus A321 hard landing have made the extraordinary accusation that its cockpit-voice recorder was erased and fitted in another aircraft, then re-installed in the damaged jet, ahead of the inquiry commission’s arrival. The Nordwind A321 – on final approach to Antalya’s runway 36C on 10 January ...
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NewsThai government reduces stake in Thai Airways
The Thai government is no longer a majority shareholder in Thai Airways after the country’s finance ministry reduced its stake to 47.86% from 51.03%. “After the reduction of shareholding percentage held by the Ministry of Finance in the company, the company shall cease to be a state enterprise under the ...
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NewsFlight recorders of crashed PIA A320 recovered
The flight data and cockpit voice recorders of the Pakistan International Airlines (PIA) Airbus A320 that crashed on 22 May have been recovered. Media reports from Pakistan quote PIA as saying that both devices were found on Saturday 23 May, a day after the aircraft crashed in an urban area. ...
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NewsCoronavirus restrictions confuse travellers
As the global coronavirus pandemic drags on, travellers and crew on intercontinental flights are getting used to wearing face coverings in public spaces and adhering to other measures such as social distancing, imposed by airlines, airports and authorities to stop the spread of infection.
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OpinionSupersonic flight is the future, just as it was in the past
Although over 50 years have passed since Concorde proved commercial supersonic flight was possible, the industry is once again looking to ride a wave of interest in the concept