All news – Page 907
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NewsEl Al could be renationalised as it opts for share issue
Israeli flag-carrier El Al has given up pursuing a $400 million state-backed loan and opted for an alternative fundraising package which could result in the airline being renationalised. El Al’s board has chosen a $250 million bank loan, which would have a state guarantee, alongside a $150 million share issue, ...
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NewsAdministrator trims Piaggio bidders as due diligence starts
Piaggio Aerospace’s administrator has invited 11 of the 19 bidders for the company to enter due diligence, and says he is confident a suitable buyer can be selected before year-end, with the deal to close in the first half of 2021.
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NewsPandemic pushes AirAsia into the red
AirAsia Group slipped to a MYR953 million ($223 million) net loss in the first quarter, down from a MYR102 million profit in the same three-month period of 2019, as Covid-19 caused demand to plummet.
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NewsMTU to cut workforce by up to 15%
German engine specialist MTU will cut its workforce by up to 15% by the end of 2021 to account for reduced air-transport demand amid the coronavirus crisis. The company says it aims to avoid compulsory redundancies as it seeks to reduce its German and international workforce by 10-15% by the ...
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NewsAir Arabia Abu Dhabi to open flights with Egyptian routes
Middle Eastern budget carrier Air Arabia’s new Abu Dhabi-based spin-off is to open services in mid-July with initial operations to two Egyptian cities. Air Arabia Abu Dhabi is to operate to Alexandria, from 14 July, and Sohag from the following day. It will commence services with a pair of Airbus ...
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Analysis‘Big Three’ service debut marks ARJ21’s day in the sun
It was a sight to behold: three Comac ARJ21 regional jets, parked side by side, the liveries of China’s three largest carriers dramatically reflected on a large puddle of water. When the ‘Big Three’ Chinese carriers - Air China, China Eastern Airlines and China Southern Airlines - each took ...
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NewsJapan’s ANA and JAL secure $1.6bn in export-credit guarantees
The Japan Bank for International Cooperation is providing guarantees totalling Y174 billion ($1.6 billion) for aircraft-import loans to ANA Holdings and Japan Airlines. The export-credit agency on 9 June signed an agreement with private financial institutions to provide a Y88.4 billion guarantee against the principal and interest of their loans ...
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NewsInitial expressions of interest sought for SA Express jets
Assets of South African regional carrier SA Express, including Bombardier CRJ200 jets, are being advertised online as part of an initial process to obtain expressions of interest, as the airline edges towards liquidation. The airline was placed in provisional liquidation on 28 April but a final liquidation order has been ...
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NewsTaiwanese probe A330 computer failure after wet runway landing incident
Taiwanese regulators are advising Airbus A330 operators to consider the effects of wet runways on aircraft deceleration after a near-overrun incident at Taipei’s Songshan airport. As the aircraft landed on the wet runway and the thrust reversers were activated, says the Taiwan Civil Aeronautics Administration, the crew “noticed the loss” ...
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NewsEthiopian 787 hit lighting mast after being sent to wrong de-icing stand
Norwegian investigators have revealed that a de-icing vehicle driver vainly attempted to stop an Ethiopian Airlines Boeing 787-9 from taxiing onto the wrong de-icing stand, before the jet’s right wing struck and felled a lighting mast at Oslo Gardermoen. The aircraft (ET-AUP), which was preparing for departure to Stockholm and ...
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NewsAir France to shed over 7,000 jobs as part of €7 billion bail-out
Air France will shed almost 7,600 jobs over the next three years in an accelerated restructuring implemented in parallel with €7 billion ($7.9 billion) worth of government-backed loans.
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NewsEU approves Latvian government’s €250 million aid for Air Baltic
Air Baltic’s €250 million ($281 million) government bail-out, taking the form of an equity investment, has received the green light from the European Commission.
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NewsPilot stand-off piles more pressure on El Al
Israeli carrier El Al is putting another 400 personnel on furlough after the carrier’s pilots chose not to operate a number of the airline’s services. The airline had been operating a limited number of passenger and cargo services from Israel, although its scheduled passenger flights had been suspended until 31 ...
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NewsControl-check ‘routine’ led E190 upset crew to miss reversed ailerons
Investigators have suggested that familiarity with routine, combined with expectation bias, led the crew of an Embraer 190 to miss clues that the jet’s aileron cables had been cross-rigged during maintenance. The Air Astana aircraft had emerged from maintenance at Portuguese firm OGMA during which the aileron cables were inadvertently ...
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NewsClose to 400 cancellations so far in 2020, driven by 737 Max
As 2020 passes its halfway point, fleets data from Cirium reveals that the mainline aircraft manufacturers have suffered almost 400 cancellations so far - 80% of which are for the Boeing 737 Max.
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NewsFinnair raises €501m from oversubscribed share offering
Finnair has disclosed that investor have oversubscribed by nearly 11% to a new share issue intended to reinforce the Nordic company’s liquidity. The company says it will receive net proceeds of around €501 million. Finnair received subscriptions for more than 1.416 billion shares against the 1.279 billion on offer. The ...
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NewsHelvetic pushes back seven E2 deliveries to 2021
Swiss regional carrier Helvetic Airways has deferred delivery of seven Embraer 190-E2s that were due to join its fleet this year.
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NewsIreland-based Ryanair pilots agree temporary pay cut
Ryanair’s Irish pilots have agreed to a temporary pay reduction aimed at saving under-threat jobs at the airline.
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OpinionWhy resilience is key for aspiring airline pilots
While the coronavirus crisis has many pilots considering their options, the choices are starker still for those who have invested heavilly in their training in the hope of gaining airline employment
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OpinionBoeing takes one step forward and two back on 737 Max rehabilitation journey
Airframer’s recertification flights are positive, but critical US government report and order cancellations show there is still much to do