All news – Page 888
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NewsQatar Airways on board as IAG proposes €2.75bn capital increase
British Airways and Iberia parent IAG is proposing a €2.75 billion capital increase, to which Qatar Airways – its largest shareholder with 25% – has already agreed to sign up. IAG says the increase would strengthen its balance sheet and liquidity, and reduce financial leverage, given that it does not ...
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NewsAirAsia X hopeful of late-year demand revival
AirAsia X is still confident that demand “will pick up towards the end of 2020”, though the group acknowledges that it has “no clear visibility on the timing of recovery”. In the meantime, the long-haul low-cost operator expects to remain in “hibernation mode”, maintaining “minimum connectivity” with “essential cargo and ...
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NewsNok Air files for business rehabilitation
Thai budget carrier Nok Air has filed for business rehabilitation with a view to restructuring the company, taking a similar path to flag carrier Thai Airways which filed for the same protection in May. The country’s Central Bankruptcy Court has accepted Nok Air’s rehabilitation petition for consideration and set 27 ...
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NewsUnited ends partnership with ExpressJet
United Airlines will consolidate all of its regional Embraer 145 flying to one partner, in order to streamline its network and lower costs as the coronavirus outbreak continues to take its toll on the air transport industry.
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NewsSkyWest posts $26m loss, ramps up Embraer fleet
SkyWest Airlines reported a $26 million loss in the coronavirus-marked second quarter as demand slumped and the airline significantly reduced its network.
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OpinionScale of Covid collapse raises questions about what comes next
Consider this: On a Friday in July 2019, 11 airlines operated 66 flights from Washington DC to New York City-area airports. Fast forward: on Friday 17 July, carriers operated just 15 flights on those routes.
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NewsAir France-KLM aims to keep medium-term fleet delivery schedule intact
Air France-KLM Group has recorded a €520 million impairment from its early phase-out Airbus A380 operations, and another €72 million from withdrawal of A340s for the second quarter. But it says it intends to keep the schedule of committed fleet deliveries for 2021-25 “as much as possible intact”, and is ...
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NewsBoom and Rolls-Royce join to study propulsion for supersonic Overture
Rolls-Royce may develop the propulsion system that will power Boom Supersonic’s in-development, conceptual supersonic passenger aircraft Overture.
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NewsAeroflot detects ‘gradual recovery’ in domestic flights
Russian flag carrier Aeroflot slipped to a net loss of Rb26.2 billion ($356 million) in the second quarter, from a profit of Rb2.73 billion a year ago.
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NewsIndia’s first five Rafales arrive at Ambala base
India’s first batch of five Dassault Rafale fighters touched down at Ambala Air Force Station on 29 July, advancing the nation’s long-planned introduction of the French-built type.
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NewsAirbus expects to set aside up to €1.6bn for restructuring
Airbus has warned that it is likely to require a provision of up to €1.6 billion ($1.9 billion) to account for restructuring once firm agreements are reached with its social partners. The airframer disclosed in June that, in response to the air transport crisis and the scaling-back of commercial aircraft ...
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NewsSafran slashes Leap output to just 800 engines this year
Engine joint venture CFM International will deliver just 800 Leap-series powerplants this year – a further output reduction on previous forecasts, and a figure lower even than 2019’s first-half total.
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NewsARJ21 conducts flight testing at world’s highest airport
Comac has completed flight-testing of its ARJ21 regional aircraft at Daocheng Yading airport — the world’s highest civilian airport — in Sichuan province. The Chinese airframer says test aircraft 103 performed take off and landing tests at the airport, before returning to Shanghai. Source: Comac Comac completed high-altitude ...
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NewsBoeing responds to Australian trainer RFI with T-7 information
Boeing is pitching the T-7 as a replacement for Canberra’s Hawk 127s.
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NewsMyanmar further extends international flight ban to end-August
Myanmar has further extended a ban on all international flights to the end of August. “In order to continue to [curb] the spread of Covid-19 in Myanmar effectively, the National Central Committee for Prevention, Control, and Treatment of Covid-19 has decided to further extend the effective period of the temporary ...
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NewsAirbus impairs inventories ‘at risk’ as stored aircraft level rises
Airbus has recorded a near-€300 million charge for impairment of inventories considered at risk, as stored aircraft continue to push up its inventory level. The airframer reveals in its first-half accounts to 30 June that its inventories stood at €37.5 billion – up by nearly €6 billion on the figure ...
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NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
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NewsAirbus trims A350 rates again as crisis becomes ‘visible’ in second quarter
Airbus is trimming A350 production rates, to five aircraft per month from six, in a further adjustment to its output in the face of weak air transport market demand. The airframer has disclosed that some 145 commercial aircraft went undelivered during the first half of this year, as a result ...
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NewsHAECO parts out first A320 following CAAC nod
HAECO’s Xiamen unit has started disassembly works on its first A320 (MSN 0950), after the Civil Aviation Administration of China (CAAC) gave its approval to do so. Cirium fleets data indicates that the aircraft was delivered to China Southern Airlines in 1999, before being bought by Jiangsu YanWu Aviation Investment ...
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NewsPandemic torpedoes IndiGo profitability
Indian low-cost carrier IndiGo plunged deeper into the red in its latest quarterly financial results, amid a collapse in revenue from the coronavirus outbreak. For the quarter ended 30 June, IndiGo reported an operating loss of Rs28.4 billion ($380 million), reversing the INR15.1 billion profited it made last year. The ...