All news – Page 987
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NewsFly Aeolus plots expansion on Cirrus success
Fly Aeolus, the largest operator of the Cirrus SR22 in Europe, is preparing to expand its fractional ownership programme within its core regions of Belgium, France, Germany and the Netherlands to exploit the growing business demand for the high-performance piston-single.
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NewsKorean Air grounds A380 fleet until 25 April
Korean Air has grounded its entire fleet of 10 Airbus A380s amid the traffic slump caused by the coronavirus outbreak. The 10 A380s will be grounded until 25 April, says the airline. Out of the airlines’ 145 aircraft, 100 grounded. South Korea has emerged as a major ...
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NewsSouthwest uncertain over growth once 737 Max deliveries resume
Almost one year after the Boeing 737 Max was grounded, Southwest Airlines chief Gary Kelly has alluded to a fringe financial benefit from the Max situation as the budget carrier braces for the impact of the coronavirus outbreak. Kelly says the severity of the decline has been “breathtaking”, with the ...
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NewsIndonesia AirAsia parent issues first-quarter profit warning
The parent company of Indonesia AirAsia (IAA) has issued a profit warning for the current quarter, attributing it to new lease accounting standards and projected declines in ticket sales due to the coronavirus outbreak. In an Indonesia Stock Exchange disclosure, AirAsia Indonesia discloses that implementing the new standard will result ...
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AnalysisHow Airbus has optimised its Beluga operation
Before Airbus introduced the A300-600 Super Transport, or BelugaST, in 1995, there was an industry aphorism that presumably resonated in Seattle: every Airbus had its first flight on a Boeing wing.
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NewsCoronavirus to keep M90 FTV10 first flight a quiet affair
Mitsubishi Aircraft is planning for a low-key first flight of the SpaceJet M90 Flight Test Vehicle 10 (FTV10), owing to government policy to prevent the spread of coronavirus. The company adds that the aircraft is “in final preparations for its first flight, which we will announce in the coming weeks.” ...
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NewsMalindo Air transferring 15 Boeing 737s to Batik Air
Malindo Air will begin transferring 15 Boeing 737s to its Lion Air Group sister carrier Batik Air this month, as part of measures taken to overcome challenges from the coronavirus outbreak. In a 6 March internal memo to employees seen by Cirium, Malindo’s chief executive Mushafiz Bakri says that in ...
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NewsCathay flags ‘substantial loss’ for first half of 2020
The ongoing coronavirus outbreak is taking its toll on the Cathay Pacific group’s financial performance, with the group warning that it expects to incur a “substantial loss” for the first-half of this year. Cathay adds in its full-year financial results that the outbreak, which first originated in China late 2019, ...
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News‘Turbulent’ 2019 squeezes Cathay profit
The Cathay Pacific Group saw operating profit for 2019 shrink, following a worse-than-expected second-half result that was affected by political turmoil in Hong Kong. For the year ended 31 December 2019, the group reported an operating profit of HK$3.4 billion ($437 million), a 4.3% decrease compared to 2018. ...
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NewsChina announces measures to give aviation industry fillip
China has rolled out a raft of measures – from financial support to infrastructure investments – for the country’s aviation industry, which has been hit by the coronavirus outbreak. In total, the Civil Aviation Administration of China (CAAC) announced 16 measures, all of which are aimed at “promoting the stable ...
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NewsVirgin’s Richard Branson urges faith in airlines
Virgin Group founder Richard Branson says that the airline industry has endured past crises but could “come to a grinding halt fairly quickly” amid coronavirus outbreak risks. The founder of numerous companies including air launch to orbit service Virgin Orbit and Virgin Atlantic Airways accepted an award from the Royal ...
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NewsMalaysia Airlines cutting capacity 7% in first quarter
Malaysia Airlines is scaling down first-quarter capacity 7.1% amid the coronavirus outbreak, as it halves Chinese operations and makes a double-digit cut to North Asian services. Addressing employees in a video seen by Cirium, Izham Ismail – chief executive of the airline’s parent Malaysia Aviation Group – describes the 7.1% ...
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NewsAmerican suspends numerous flights to Europe and Latin America
American Airlines has extended the suspension and cancellation of numerous international flights, including to regions that have not yet been severely impacted by the coronavirus, such as Latin America.
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NewsCarriers not necessarily exempt from coronavirus payouts: UK CAA
UK regulators are warning that European airlines might not be completely exempt from passenger compensation payments relating to the coronavirus outbreak, although much of the disruption is likely to fall under ‘extraordinary circumstance’ immunity. The Civil Aviation Authority has outlined its interpretation of European Union compensation rules in light of ...
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NewsElbit to install infrared missile warning systems on US National Guard and Reserve F-16s
Elbit Systems of America has won a $472 million fixed-price contract to provide pylon-based infrared missile warning systems for US Air National Guard and US Air Force Reserve Command F-16 fighters.
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NewsUnited Airlines paints dire coronavirus scenario for 2020
United Airlines is preparing for a dark scenario for the aviation industry in the coming months as the coronavirus decimates demand and customers stay away from travel in order to protect themselves from becoming infected with the fast-moving flu-like disease.
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NewsCondor acquisition ‘distorts competition’: Lufthansa
Lufthansa has sharply criticised the planned acquisition of German leisure airline Condor by Polska Grupa Lotnicza, the parent of Polish flag carrier LOT, labelling it an example of “dubious” state intervention that “distorts competition”.
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NewsEuropean Commission plans moratorium on 'use it or lose it' slot rule
European regulators are set to release airlines from slot-use obligations to ease pressure on carriers as they cut capacity to cope with coronavirus outbreak effects. The European Commission says it will put forward “targeted legislation” which will “temporarily alleviate” airlines from the need to follow slot usage rules. Transport commissioner ...
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NewsAlaska Airlines not yet cutting capacity due to coronavirus
Alaska Airlines doesn’t plan to cut capacity for March and April, unlike many other airlines. It is still considering options to respond to the coronavirus epidemic that has hit the travel industry hard in the past month.
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NewsNorwegian cuts jobs and capacity amid ‘critical time’
Norwegian has disclosed plans to cut 3,000 flights between mid-March and mid-June, and is calling for action from authorities to “reduce the financial burden” on the airline sector.