All Airlines articles – Page 302
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NewsCourt approves reorganisation of six HNA carriers
The highest court in China’s Hainan province has approved applications from creditors to place 10 affiliates of Hainan Airlines Holding in bankruptcy reorganisation, including six airlines, a 10 February filing to the Shanghai Stock Exchange shows.
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NewsLessors strike deals with Thai Airways
Many lessors have reached agreements with Thai Airways International on the future of their aircraft as part of the carrier’s restructuring process, lessors with exposure and people close to the restructuring tell Cirium.
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NewsUS airlines lobby against potential Covid-19 test mandate for domestic flights
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers.
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NewsAir Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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NewsAir Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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News2020 was worst for European airport traffic in 25 years
Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago.
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NewsFrench shipping giant CMA CGM to enter air cargo market with A330-200Fs
French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states that the strategic move is intended ...
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NewsSpirit targets return to full capacity in summer
Spirit Airlines made a $508 million operating loss in 2020 but plans to return to full pre-pandemic capacity levels by the summer travel season and take delivery of 16 aircraft by year-end. The US low-cost carrier’s 2020 loss compared with a $501 million profit in 2019. The rising number of ...
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NewsJet2 raises £422m to guard against ‘unpredictable shutdown’
Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”.
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NewsBahrain military picks up former Braathens RJ100
Bahrain’s air force is to receive another BAE Systems Avro RJ100, one of the 10 Avros which had been withdrawn from the fleet of Swedish carrier Braathens Regional Airlines. Braathens Regional had been operating eight RJ100s and a pair of RJ85s but put the aircraft on the market, through Skyworld ...
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NewsCanada approves Air Canada’s acquisition of Transat
The Canadian government has approved Air Canada’s takeover of vacation specialist Transat AT, subject to numerous conditions.
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NewsMEPs back plan to ease airport slot rules for summer 2021
Members of the European Parliament have backed proposals to ease slot rules for the forthcoming summer season under which airlines only have to use half their airport slots in order to retain them for the following year.
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NewsParis airports operator works on new plan after Charles de Gaulle expansion scrapped
Paris airports operator Groupe ADP is to work on a new development plan for Charles de Gaulle airport after the French government scrapped its existing Terminal 4 project.
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NewsCopa Q4 loss is $169m, as it operated 27% of capacity
Panama’s Copa Airlines posted a fourth quarter loss of $169 million as it was only able to operate 27% of the capacity it had operated in the same quarter a year prior, due to coronavirus-related travel restrictions.
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NewsATR gear door hit wing root after in-flight separation
French investigators have determined that a Hop ATR 42-500 sustained serious damage after a lost nut caused a main landing-gear door to separate during descent to Aurillac. The turboprop (F-GPYF) had departed Paris Orly on 25 March 2018, with 48 passengers and three crew members. As it descended through 18,000ft ...
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NewsUS government considers third aid package for airlines
The US government is considering a further $15 billion in payroll support for aviation workers as the industry hopes for recovery this year.
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NewsAir travel could fully recover by late 2022: analyst
A leading aerospace analyst is predicting that airline passenger traffic will return to 2019 levels by the end of 2022 – one to two years sooner than predicted by others.
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NewsDAE chief hails ‘terrific’ year despite Covid-19
Aircraft lessor and MRO provider Dubai Aerospace Enterprise enjoyed a “home-run year” in 2020, chief executive Firoz Tarapore has asserted, as its diversified customer base and strong liquidity position softened the impact of the pandemic.
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NewsArcher to go public as United partners with view to 200-strong eVTOL order
Palo Alto-based air taxi developer Archer has secured a $1 billion aircraft commitment from United Airlines and unveiled a plan to become a publicly traded company worth $3.8 billion.
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NewsPre-Covid hub and fleet plans still hold up: Emirates chief
Emirates Airline will bounce back strongly from the Covid-19 crisis without any fundamental changes to its business model, according to the operator’s president Tim Clark, with its mix of widebody aircraft enabling it to take advantage of likely supply-side shortages in the coming years.