All news – Page 808
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NewsEuropean airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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NewsIATA optimistic Brexit will not impact air service continuity
IATA is confident network connectivity will not be impacted by the UK’s impending departure from the EU at the end of the year.
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InterviewWhy despite success, Safran chief Petitcolin is playing down achievements
As his five-year tenure comes to an end, Safran’s outgoing chief executive can reflect on a period of sustained growth for the French aerospace giant – but that is something he is reluctant to take credit for.
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NewsAsia international traffic ‘disproportionately impacted’ at 5% of pre-crisis levels
International traffic in the Asia-Pacific region has been “disproportionately impacted” by the coronavirus pandemic, as a result of what trade body IATA calls “restrictive borders”.
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NewsFrance orders trio of E-2D Advanced Hawkeyes for navy
France has confirmed an order for three Northrop Grumman E-2D Advanced Hawkeye airborne early warning aircraft for its navy.
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NewsEl Al survival remains in balance as losses top $400m
Israeli flag-carrier El Al has unveiled a pre-tax loss of $148 million for the third quarter alone, after revenues for the period sank by 94% to less than $40 million. El Al’s performance under the weight of the pandemic crisis brings its overall pre-tax losses for the first nine months ...
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NewsNo one-size-fits-all answer to testing airline passengers: WHO chief
The testing of international travellers for Covid-19 must not take resources away from higher-priority areas and should be tailored to each country’s need, in the view of World Health Organization director general Tedros Adhanom Ghebreyesus.
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NewsFurther consolidation in Asia-Pacific ‘highly likely’: IATA
IATA has warned that more airline consolidation in the Asia-Pacific region is “highly likely”, if circumstances remain dire for airlines amid closed borders and a slow restart to international travel. At a regional briefing a day after its virtual annual general meeting, IATA regional vice president for Asia-Pacific Conrad Clifford ...
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NewsRussian government to create United Leasing with GTLK and VEB merger
Russian state leasing company GTLK is to be merged with state investment corporation VEB’s leasing arm to create a single entity. The plan has been disclosed by Russian prime minister Mikhail Mishustin during a 23 November meeting with deputy ministers which discussed the optimisation of development institutions and removal of ...
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NewsLion A330 excursion prompts new guidance on crew proficiency
Indonesia’s National Transportation Safety Committee (NTSC) has advised the country’s civil aviation body to develop guidelines surrounding proficiency and training exemptions in light of the coronavirus outbreak, following a runway excursion involving a Lion Air Airbus A330-300.
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NewsTokyo to retire iconic F-4 in March 2021
Tokyo will operate its McDonnell Douglas F-4EJ Phantom IIs until the end of March 2021, at which point the type will be retired.
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NewsSIA raises S$500 million from privately placed 10-year bonds
Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of private investors”, says the group. Source: Greg Waldron ...
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NewsMesa will operate 40 CRJ900s for American Airlines
Mesa Air Group, the parent company of Mesa Airlines has signed a new five-year contract with American Airlines to operate 40 Bombardier CRJ900 aircraft for the Fort-Worth-based carrier beginning on 1 January.
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NewsPandemic’s effect on converted freighters led Boeing to trim 20-year cargo outlook
A pandemic-caused surge in conversions of younger passenger jets to freighters is among reasons why Boeing cut its 20-year cargo-jet forecast.
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NewsAvibras to develop family of cruise missiles for Brazil’s air force
The Brazilian air force has chosen defence contractor Avibras Industria Aeroespacial to develop a family of air-launched long-range cruise missiles.
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NewsHow EASA’s 737 Max requirements differ from the US FAA’s
While the European airworthiness directive to modify the Boeing 737 Max for return-to-service are the same as those issued by the US FAA, some of the operational requirements will differ. The European Union Aviation Safety Agency has invited comments on its proposed directive, which will enable operators of the twinjet ...
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NewsHigh debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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NewsAirline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsAirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...