All news – Page 1094
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NewsPandemic drives Emirates to its first half-year loss
Emirates Group posted a loss of Dh14 billion ($3.8 billion) for the six months ended 30 September as revenues slumped 74% during the first half of its pandemic-hit financial year.
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NewsLessor Global Knafaim bids to re-enter Israir auction after revising offer
Israeli aircraft lessor Global Knafaim Leasing has submitted a revised offer for leisure airline Israir, having initially failed to advance to the next stage of the bidding process. It has outlined a 107 million ($31.6 million) shekel proposal comprising 35 million shekels in cash and 72 million shekels representing a ...
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NewsThai Airways’ operating losses deepen in Q3
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt.
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NewsChinese carriers poised to recapture international travel market share: HSBC report
With many of their foreign competitors in the doldrums amid a pandemic-led downturn, China’s three largest carriers — having already experienced a steady domestic recovery — are well-placed to recapture market share in the international air travel market.
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NewsIHI sees profitable aftermarket for engine spares dry up
Japanese firm IHI continues to see weakness in its civil aircraft engines business owing to the coronavirus pandemic. “Sales of engines and spare parts in the civil aero engines business is greatly decreasing owing to the drastic decline in demand for aero transportation and the deterioration of business conditions for ...
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NewsBoeing buoyant about robust China market growth
Boeing estimates Chinese carriers to require 8,600 new aircraft — at a pricetag of over $1.4 trillion — over the next 20 years, underscoring the airframer’s optimism about what it deems a key market.
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NewsSpiceJet Q2 losses narrow on cargo revenue growth
A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet narrow its quarterly operating loss, even as passenger travel demand remains in the doldrums amid the coronavirus pandemic.
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AnalysisHow practical is a Chinese and US aerospace breakup over Taiwan?
Despite opposition from the Chinese Communist Party, in the past year and a half the Trump administration has approved billions of dollars in potential arms sales to Taiwan. China, which claims the island democracy as its own, has vowed to retaliate.
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NewsSMBC Aviation Capital sues Garuda over unpaid rent
SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals.
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NewsNew Zealand 787 engine inquiries closed after Rolls-Royce blade fix
New Zealand investigators have closed an inquiry into two incidents involving engine problems on Rolls-Royce-powered Boeing 787-9s operated by Air New Zealand. The country’s Transport Accident Investigation Commission states that the incidents involved fracture of intermediate-pressure turbine blades on Trent 1000 powerplants. Deterioration of these blades was one of several ...
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NewsLufthansa reaches savings deal with ground staff for 2021
Lufthansa has reached a preliminary €200 million ($237 million) savings deal with the Verdi union which provides employment protection for ground staff next year in return for concessions.
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NewsVariety of Covid-19 entry requirements baffles US travellers
US airline customers tend to get confused about region-by-region and state-by-state Covid-19 entry requirements when searching for flights to leisure destinations, often leading them to take the path of least resistance and book flights to Florida beaches, American Airlines’ chief revenue officer Vasu Raja has observed.
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AnalysisHong Kong’s cautious approach to travel bubbles
Hong Kong’s government will take a safety-first approach when its travel bubble with Singapore launches on 22 November, and the launching of further bubbles with other countries or regions will come with strict anti-Covid-19 preconditions. “It takes two to tango,” the city’s secretary for commerce and economic development Edward Yau ...
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NewsJetBlue chief views 2021 as ‘perfect time’ for London launch
JetBlue Airways plans to launch transatlantic services in the second half of 2021 amid what it expects to be a resurgence in demand for air travel, according to the airline’s chief executive Robin Hayes.
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NewsUK leisure carrier Jet2 to open Bristol base
UK leisure carrier Jet2 is to launch a base at Bristol airport and will offer 29 destinations next summer.
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NewsSouth African start-up Lift set to launch in December
South African start-up carrier Lift is aiming to launch domestic services in December with flights from Johannesburg to Cape Town and George.
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NewsHeathrow blames UK government for ‘catastrophic decline’
London Heathrow has warned that the lack of a Covid-19 airport testing regime in the UK has left it “unable to compete” with rival European gateways, after reporting that passenger numbers in October had declined by 82% year on year. October’s figures represent the “eighth consecutive month of catastrophic decline” ...
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NewsLilium puts Florida first as it signs up initial US operating site
German electric air taxi start-up Lilium has unveiled its first operating location in the USA after striking a deal with the city of Orlando, and Florida real estate specialist Tavistock Development.
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NewsCovid testing at airports ‘a waste of time’: Ryanair chief
Pre-flight testing for coronavirus only makes sense if it is delivered before passengers arrive at airports, in the view of Ryanair group chief executive Michael O’Leary.
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NewsSwiss removes 28 A320s from service for winter
Lufthansa subsidiary Swiss is temporarily withdrawing 28 older Airbus A320-family aircraft from service for the winter timetable to save costs, and instead deploying “more efficient” Airbus A220s, A320neos and A321neos across its short- and medium-haul network.