All news – Page 1112
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NewsCathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.
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NewsLessors baulk at Malaysia Airlines’ restructuring plan
Sixteen third-party lessors have exposure to Malaysia Airlines, which earlier this month announced an “urgent restructuring exercise” that would include a “drastic” relook at its network and fleet plans. Leasing executives from some of those lessors, who spoke to Cirium on condition of anonymity, are not happy about the plan, ...
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NewsKorean Air raising cash from government subsidy and land sales
Korean Air is looking to raise additional cash, seeking a government subsidy from the state-run Korea Development Bank (KDB) and separately, from the sale of land in downtown Seoul. “We cannot confirm the exact figures as we are still in discussion with the relevant parties,” the airline tells Cirium. ...
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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AnalysisLandmark Taiwan MQ-9 sale would vex Beijing
A reported US plan to sell the General Atomics Aeronautical Systems MQ-9 unmanned air vehicle to Taiwan will complicate Beijing’s incessant prodding of the island’s defences.
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NewsAirAsia Group carriers weigh up Covid-19 measures
AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid-19 pandemic. The group’s low-cost long-haul arm, AirAsia X has “run out of money” and needs fresh capital, newly appointed deputy chairman Lim Kian Onn told Malaysian paper The Star in ...
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NewsJet Airways could fly again in four to six months
India’s Jet Airways could be flying again in as little as four to six months after its creditors approved a bid from entrepreneur Murari Lal Jalan and asset management firm Kalrock. “The expectation is that in the next four to six months one should be able to see Jet back ...
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NewsAeromexico reports dismal Q3 results, but sees improvement
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reported a sharp decline in year-on-year revenue and a net loss for the third quarter as the coronavirus clipped the airline’s operations and bankruptcy proceedings continue in a US court.
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NewsBoeing will save cash by consolidating 787 in South Carolina, but how much?
Boeing’s plan to shift all 787 production to South Carolina will indeed save cash, but savings will be a relative small percent of the programme’s total expense, financial analyst say.
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NewsBoeing to co-develop supersonic missile demonstrator for F/A-18 Super Hornet
Boeing and the US Navy plan to co-develop a supersonic land and sea strike missile to be carried aboard the F/A-18 Super Hornet fighter.
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NewsIsraeli-UAE flights beckon after air services pact signed at summit
Israeli and United Arab Emirates government ministers have signed an air services agreement enabling airline flights between the two nations. The agreement was one of four pacts formalised at a trilateral summit, hosted by Israeli prime minister Benjamin Netanyahu, at Tel Aviv’s Ben Gurion airport. “We are assisting civil aviation,” ...
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NewsUS Marine Corps retires last Bell AH-1W Super Cobra
The US Marine Corps has officially retired the Bell AH-1W Super Cobra attack helicopter from its fleet, after more than 34 years of service.
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NewsInmarsat and Hughes partner to offer in GX+ satellite connectivity product
Satellite communications providers Inmarsat and Hughes Network Systems have partnered to launch an in-flight connectivity product for North American airlines.
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NewsIcelandair plans for 30% capacity cut in summer 2021 schedule
Icelandair is expecting to operate a summer 2021 schedule with capacity down by 25-30% compared with last year. It is planning to serve 32 destinations – among them the Canary Islands resort of Tenerife, which is a new route for the carrier. Twenty-two of the destinations will be European. It ...
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NewsChina Express details delivery schedule of initial 50 domestic jets
China Express Airlines has detailed its agreement to take 100 domestically-built jets, with at least 50 set to be Comac ARJ21s. It had previously disclosed, in June, provisional plans to acquire a mix of ARJ21s and Comac C919s. China Express says that “all or part” of the balance of 50 ...
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NewsCovid-19 ‘to sort winners from losers’: Wizz chief
Wizz Air chief executive Jozsef Varadi sees a “major opportunity” for his carrier to expand into the vacuum left by retrenching competitors amid the Covid-19 crisis. During an online broadcast by the UK’s Aviation Club, Varadi said Wizz had been “waiting for a crisis” to emerge since the financial crash ...
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NewsLufthansa expects third-quarter EBIT loss of €1.3 billion
Lufthansa Group’s preliminary third-quarter results indicate that losses were less steep than in the previous quarter, which it attributes to an expanded summer flight schedule and “considerable cost reductions”. The German airline group expects to post an adjusted EBIT loss of almost €1.3 billion ($1.5 billion) for the three months ...
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NewsHeathrow trials rapid pre-departure Covid-19 tests
London Heathrow has become the first UK airport to offer rapid Covid-19 pre-departure tests, initially to outbound passengers to Hong Kong and Italy.
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NewsAir Lease boss stands by plan to keep Max orders and ‘not panic’
Boeing’s 737 Max is “going to have a role” in meeting airlines’ future narrowbody needs, and lessors “can be very helpful” in ensuring the airframer is able to place the aircraft once it is cleared to fly again, Air Lease chief executive John Plueger has predicted. Speaking during the virtual ...
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NewsUS start-up GlobalX tentatively signs for Vallair A321 freighters
US company Global Crossing Airlines is intending to lease 10 converted Airbus A321 freighters from the asset management specialist Vallair, the launch customer for the modification. Vallair says the preliminary agreement – still a letter of intent – is the “most significant deal” for the narrowbody freighter. Miami-based Global Crossing ...