All air transport news – Page 326
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NewsSMBC eyes purchase and leaseback opportunities as airlines face finance crunch
SMBC Aviation Capital’s efforts to support customers impacted by the coronavirus crisis have included purchase and leaseback deals where airlines are in need of financial support.
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NewsSMBC Max deferrals linked to programme’s ‘challenge’, not coronavirus
SMBC Aviation Capital is the latest customer to reach agreement with Boeing around deferral of 737 Max deliveries
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NewsComair to cut fleet and remain inactive until November
South African carrier Comair requires a substantial cash injection and is unlikely to resume operations until at least November. Its fleet will also be reduced to 16 aircraft, comprising 13 Boeing 737-800s and three spare 737-400s. The airline’s business rescue practitioners have outlined the situation to creditors and employee representatives. ...
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NewsWizz Air to slow fleet modernisation over next three years
Central European budget carrier Wizz Air has revealed a revised fleet plan which will not realign with its previous expansion forecast until the 2023-24 financial year. Wizz Air states that it expects to have 131 aircraft in its fleet by the end of 2020-21. This is seven fewer than the ...
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NewsFirst A220 assembled in Mobile takes flight
The first Airbus A220 produced at the company’s Mobile, Alabama assembly site completed its maiden flight on 2 June.
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NewsInvestigators download data from crashed PIA A320 recorders
Investigators have downloaded information from the two flight recorders retrieved from the Pakistan International Airlines Airbus A320 which crashed in Karachi. French investigation authority BEA states that – at the request of the Pakistani inquiry team – it has “successfully” obtained information from the cockpit-voice and flight-data recorders. “Analysis of ...
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NewsRunaway trolley injured several passengers on Air France 777
French investigators believe cabin crew’s increased workload, after an unexpected change of aircraft type, meant a trolley was left unsecured and injured several passengers when it broke free. The accident occurred on board an Air France Boeing 777-300ER (F-GSQL) departing Mauritius for Paris Charles de Gaulle on 16 September 2018. ...
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NewsUtair 737 hit 1.1m snow bank short of runway: inquiry
Investigators have determined that snow-clearance at Usinsk airport was inadequate before a landing accident in which a Utair Boeing 737-500 struck a shallow snow bank, about 1.1m high, situated 32m before the runway. The inquiry has also revealed that the aircraft was consistently slightly low on its descent path during ...
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NewsSouth African carriers urge system stress-test to speed recovery
South African carriers are urging the government to stress-test the early restoration of domestic air services, to quicken the introduction of an expanded route network. Operators have been forced to suspend services after South Africa entered a national lockdown on 26 March. The government’s coronavirus response plan entered a new ...
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AnalysisAmazon’s aviation plans will benefit from cargo’s rally
Amazon Air is one of the few airlines that has seen an uptick in demand amid the coronavirus pandemic as home orders for goods has increased from its namesake e-commerce website, leading analysts to debate how fast its fleet could grow through 2028. Amazon Air tells Cirium that by 2021 ...
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NewsLufthansa Group urges shareholder support for aid package
Lufthansa Group’s supervisory board has given its approval to stabilisation measures offered by the German federal WSF fund, accepting the conditions attached by the European Commission. The company is formally recommending that shareholders similarly approve the measures during an extraordinary general meeting set for 25 June. “It was a very ...
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NewsSAA draft rescue plan signals termination of half its fleet leases
South African Airways’ rescuers are terminating leases on nearly half the airline’s 40 leased aircraft, while those on another 15 have been undergoing renegotiation. The carrier had a fleet of 49 jets when it entered the business rescue process on 5 December last year, including nine A340-300s and -600s that ...
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NewsMitsubishi closes CRJ acquisition despite SpaceJet uncertainty
Mitsubishi Heavy Industries (MHI) has acquired the CRJ programme from Bombardier and formed a new group of operating entities focused on regional aircraft service and support.
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NewsClark to continue Emirates involvement as retirement looms
Emirates Airline president Tim Clark is due to step down this month and with no successor yet publically identified, he confirms his involvement with the airline will continue.
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NewsEmbraer avoids aircraft cancellations in first quarter as losses accumulate
Despite the coronavirus crisis, Embraer has not seen customers cancel any aircraft orders and has high hopes that demand for its regional jets will remain solid as the industry recovers.
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NewsClark: Cash-flow concerns likely to seriously impact new aircraft demand
Emirates Airline president Tim Clark expects the coronavirus-related cash flow crisis will result in a significant number of order deferrals and cancellations as airlines wrestle with the size and shape of their fleets.
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NewsGE refines Affinity supersonic engine, plans for 2020 performance tests
GE Aviation has been making strides with its Affinity supersonic engine, planning for operational and performance tests later this year while keeping details of the design under wraps.
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NewsEmirates’ Clark expecting tough 2020 then slow near-term recovery
Industry will have to “tough it out” for the remainder of this year as it reels from the coronavirus pandemic, but Clark is optimistic that business will begin to improve gradually during 2021.
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NewsDraft plan indicates restructured SAA would lose R20bn in first three years
Preliminary projections for a restructured South African Airways indicate the carrier would lose close to R20 billion ($1.1 billion) over the first three years, before it started turning a profit. The operation would have a fleet of 40 aircraft, according to a draft business plan obtained by the country’s political ...
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NewsJet2 parent to focus on airline after selling logistics business
UK budget carrier Jet2’s parent, Dart Group, has sold its sister logistics business to investor Culina Group. The divestment of Fowler Welch, for a gross cash consideration of £98 million, leaves Dart Group able to concentrate exclusively on the leisure airline operation. Jet2 is based at Leeds Bradford airport and ...