All Airlines articles – Page 328
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NewsAir Macau exercises option for A320neo from CALC
Air Macau has exercised the option to purchase one Airbus A320neo from Hong Kong-based lessor China Aircraft Leasing (CALC). The flag carrier was granted the option on 11 March 2019 to buy one A320neo that it was set to take on operating lease from CALC by the end of 2019. ...
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NewsLion Air delaying decision on IPO
Indonesia’s Lion Air Group has put on hold plans for an initial public offering, a source tells Cirium. The company was expected to make the call at the end of February, but the person says some investors have been reluctant to hold face-to-face meetings amid the coronavirus outbreak. Moreover, it ...
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NewsUnited’s capacity reduction in Asia extends beyond China
United Airlines has suspended some of its flights to Tokyo, Osaka, Singapore and Seoul and extended its flight cancellations to mainland China and Hong Kong through 30 April. The Chicago-based airline has cancelled flights from Los Angeles and Houston to Tokyo Narita between 8 March and 24 April, and flights ...
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NewsBangkok Airways consortium ‘best’ bidder for U-Tapao hub project
A three-party consortium that includes Bangkok Airways has emerged as the bidder that made “the best offer” to develop an aviation hub at Thai airport U-Tapao International. Along with with BTS Group and Sino-Thai Engineering & Construction, the carrier submitted a joint bid for the “U-Tapao International Airport and Eastern ...
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NewsBangkok Airways’ 2019 profit up despite dip in passenger revenue
Bangkok Airways boosted operating profit 18% to Bt1.68 billion ($53.2 million) last year, despite a decline in revenue from the passenger segment. Revenue rose 2.4% to Bt28.6 billion. However, passenger revenue fell 6.9% to nearly Bt18.9 billion, which the carrier attributed to a strengthening of the Thai baht against major ...
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NewsAmerican, Delta suspend flights to Italy
American Airlines and Delta Air Lines cancelled their flights to northern Italy as passengers become increasingly skittish about traveling to areas where the coronavirus, also known as Covid-19, has rapidly spread in the past few days.
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NewsEl Al predicts deeper financial impact from coronavirus
Israeli flag-carrier El Al is looking to take cost-saving measures after predicting a deepening financial impact on its operations from the coronavirus outbreak. El Al is forecasting a $50-70 million cut in its revenues for the first four months of this year, January-April. This includes a reduction of $40-50 million ...
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NewsEuropean regulators open new state aid probe into Alitalia loan
European Commission competition regulators have opened an in-depth state aid investigation into a €400 million ($438 mlllion) loan granted by the Italian state to Alitalia.
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NewsRolls-Royce shrugs off defections from Trent 1000 to GEnx
Rolls-Royce insists the Trent 1000 remains a competitive powerplant despite the technical problems, and the defection of high-profile customers to the rival General Electric GEnx. Japan’s All Nippon Airways has opted for the GEnx, rather than the incumbent Trent, for its latest batch of Boeing 787s. Air New Zealand also ...
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Airline BusinessEuropean carriers hunker down for tough times from coronavirus outbreak
Any doubts as to whether the impact of the coronavirus outbreak would spread beyond Asia to European airlines has been answered by a slew of cost-savings measures, capacity cuts and warnings of potential earnings hits in the past few days.
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NewsFly540 Dash 8 lands on rough ground after engine failure
One of Kenyan regional carrier Fly540’s Bombardier Dash 8-300 turboprops has made an emergency landing, apparently on open ground, after an engine failure. The aircraft (5Y-CGH) came down near Kapese, an airfield in north-western Kenya. Fly540 says the aircraft sustained a “suspected foreign-object strike” which resulted in an engine failure. ...
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NewsAeroflot takes first A350 and confirmed as behind previously undisclosed order
Aeroflot has taken delivery of the first of 22 on-order Airbus A350-900s, which will be used to replace its A330 fleet.
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NewsSAA's 'complex' rescue plan pushed back to end-March
South African Airways’ restructuring plan has been pushed back to the end of March, as the airline’s business rescue practitioners seek further time to address the complexity of the effort. The practitioners have informed that the extension of the deadline to publish the plan – from 28 February to 31 ...
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NewsAirbus carries out first flight of 251t A330neo
Airbus has commenced test flights with the first A330-900 with the higher maximum take-off weight of 251t. The airframer confirms that aircraft MSN1967 – bearing the test registration F-WWCE – lifted off from Toulouse at 12:27 local time on 28 February (below). Source: Airbus Airbus has been ...
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NewsAirAsia X to renegotiate aircraft leases, defer A330neos
AirAsia X will ask lessors for lease reductions across its entire fleet as the coronavirus crisis puts a strain on its business. The Malaysian low-cost long-haul carrier has targeted a 30% lease reduction and plans to renegotiate maintenance reserves. It is also seeking the early return of five leased aircraft ...
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NewsStrong IAG full-year profits dip but coronavirus clouds 2020 outlook
British Airways and Iberia parent IAG’s operating profit before exceptional items slipped 5.7% for the full year in 2019 to €3.29 billion as its fuel costs rose.
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NewsRolls-Royce provisions for loss-making Trent 1000 TEN contracts
Rolls-Royce is taking a £459 million ($591 million) charge provision to recognise that some future Trent 1000 TEN contracts will become loss-making as a result of margins being affected by the blade issues affecting the engine. The engine manufacturer says the situation affects a “small number” of contracts, the result ...
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NewsAirAsia X cuts 2019 loss despite revenue decline
AirAsia X narrowed its operating loss to MYR90.1 million ($21.3 million), despite a decline in passenger numbers which affected its total revenue. The loss posted in 2019 is an improvement to the MYR204 million loss made in 2018. Revenue for the year ended 31 December 2019 declined 4% to MYR4.4 ...
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NewsNok Air optimised fleet and narrowed 2019 losses
Nok Air saw efficiency gains from implementing a turnaround programme last year and narrowed financial losses, but ended 2019 in a weaker cash position. The Thai low-cost carrier says it is expanding route and flight network, aircraft utilisation rate and “efficiency in business operation”, while reducing its fleet will allow ...
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NewsUS airlines could experience short-term hit from coronavirus
While Asian airlines have borne the brunt of the coronavirus crisis so far, US carriers are closely monitoring the situation, and will likely take a short-term loss as the US government sends mixed messages and bookings begin to decline.