All articles by David Kaminski-Morrow – Page 104
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NewsSAS defers interest payment on securities under restructuring scheme
Scandinavian carrier SAS is to defer interest payments on securities which fall due towards the end of April as part of its latest stabilisation plan. SAS states that it will defer the semi-annual payment of SKr36 million ($3.8 million) for 25 April, as well as the SKr138 million payment for ...
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NewsInquiry probes Air France 777-300ER control instability during Paris approach
French investigators are probing a flight-control instability involving an Air France Boeing 777-300ER during final approach to Paris Charles de Gaulle. The twinjet (F-GSQJ) had been arriving from New York JFK on 5 April, and had been aligned for approach to runway 26L. French investigation authority BEA states that the ...
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NewsLessor Avolon has 10 aircraft left in Russia
Irish-based lessor Avolon has disclosed that it had 10 owned aircraft still located in Russia at the end of the first quarter. The company states that 14 owned and two managed single-aisle aircraft were on lease to Russian customers prior to 27 February. “Leasing of these aircraft to those Russian ...
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NewsEthiopian agrees sale-and-leaseback for latest Dash 8-400s
Ethiopian Airlines has entered a sale-and-leaseback agreement for a pair of De Havilland Canada Dash 8-400 turboprops recently delivered to the carrier. The aircraft involved – bearing serial numbers 4626 and 4628 – were handed to the African operator in February. Ethiopian Airlines has agreed their sale and leaseback, covering ...
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NewsAirbus accentuates calibre of customers to illustrate A350F confidence
Airbus had assumed Boeing would offer a 777X freighter derivative to counter the A350F, but believes its own twinjet cargo variant will have the edge over its rival. The A350F was unveiled in mid-2021 and secured its first customers in November last year. Airbus had recorded firm orders for 18 ...
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NewsConversion venture EFW names new chief executive
Freighter conversion venture EFW has named chief operating officer Jordi Boto as its new chief executive, succeeding the veteran Andreas Sperl. Sperl, whose career has included serving as Airbus chief financial officer, has stepped down from his post and left the company, says EFW. Source: EFW Boto’s career ...
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NewsAn-22 among several Antonov aircraft damaged during Gostomel combat
Ukrainian airframer Antonov has disclosed that several aircraft types, including an An-22 outsize freighter, were damaged during the firefight with Russian forces at Gostomel airport. The large four-engined An-22 had been – along with the six-engined An-225 – a highly-recognisable aircraft within the Ukrainian cargo fleet. Combat operations at Gostomel ...
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NewsHainan seeks to sell low-use A350s and lease others
Chinese carrier Hainan Airlines is to sell a pair of Airbus A350-900s, and offer another four of the type for lease. The carrier has detailed the plan in a formal tender invitation dated 2 April. It aims to divest the two A350s for sale – both delivered in late 2018 ...
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NewsRussian firm looks to shift carriers onto domestic booking platform
Russian state technology firm Rostec’s joint venture with Sirena-Travel is preparing to enable Russian carriers to transfer to a domestic reservations system, to protect against possible problems with foreign booking platforms. The venture, RT-Transcom, is carrying out preparations under a state order in order to “protect the industry”. It says ...
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NewsRussian presidential decree orders aircraft lease payments in roubles
Russian president Vladimir Putin has issued a decree setting out measures for fulfilling aircraft and engine lease payments, stating that they will be met in Russian currency. The decree on “temporary procedures” to meet obligations to certain foreign creditors was signed on 1 April. Hundreds of aircraft leased to Russian ...
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NewsSAS commercial chief steps down for post in education sector
SAS is losing another senior executive in the space of two weeks, with the decision by chief commercial officer Karl Sandlund to step down. He is set to leave SAS by the beginning of October. His resignation comes two weeks after that of chief financial officer Magnus Ornberg. Sandlund has ...
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NewsRyanair expects full-year loss towards deeper end of guided range
Budget carrier Ryanair is expecting a full-year net loss of €350-400 million ($385-440 million), prior to exceptional items. This is towards the higher end of the previously-guided loss range of €250-450 million for the airline, whose financial year closed on 31 March. Ryanair says its full-year passenger numbers recovered to ...
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NewsPobeda parks large part of fleet and concentrates Moscow network on Vnukovo
Aeroflot Group’s budget carrier Pobeda is to cut back its operations, putting 40% of its fleet into storage and trimming its network in response to the constraints on Russian air transport. It will maintain services with 25 Boeing 737s but park 16 others. The airline will also suspend the transfer ...
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NewsITA reaches Airbus lease agreement with AerCap
Italian operator ITA Airways has reached a formal lease agreement for 12 Airbus aircraft, including a pair of A330neos, with AerCap. The agreement covers 10 A320neos in addition to the two long-haul twinjets. AerCap says the aircraft are scheduled for delivery to the new airline – which commenced operations last ...
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NewsFraport withdraws from Chinese airport market with Xi’an divestment
German airport operator Fraport is withdrawing from the Chinese market, having been unable to build on its involvement with Xi’an Xianyang airport. The company is selling its entire 24.5% shareholding in the airport operator, ending a 14-year partnership which has run since the company acquired the stake in 2008. Fraport ...
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NewsMC-21 serial production delay forces Russia to look at fuel subsidy for older types
Russia’s government is expecting serial production of the Irkut MC-21 to be pushed back by up to two years, and has outlined optimistic plans to ramp-up output of older, and less fuel-efficient, aircraft types in the interim. During a briefing that followed a presidential meeting on the state of the ...
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NewsSAS runs into early friction during negotiations with pilots
Scandinavian operator SAS’s negotiations with cockpit crew representatives over its latest transformation plan have already encountered friction, with pilot union Svensk Pilotforening walking out of talks barely after they began. SAS has initiated a long-term plan, ‘SAS Forward’, in a bid to generate SKr7.5 billion ($800 million) in cost ...
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NewsIAG fortifies Gatwick with BA Euroflyer and Vueling expansion
IAG is reinforcing its presence at London Gatwick with the restoration of British Airways short-haul operations, while Spanish division Vueling is opening new services with slots on loan from the flag-carrier. British Airways is establishing a new subsidiary, BA Euroflyer, which will operate short-haul services from Gatwick later this year. ...
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NewsSeparate Qatari airspace plan advances despite challenges
ICAO Council representatives have agreed to proceed with plans to establish a specific airspace for Qatar, setting out a phased approach to creating a Doha flight information region. It will end the long-standing arrangement whereby Bahrain controls airspace over Qatar, one which began to fracture after Bahrain participated in a ...
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NewsHead of Dutch rail Rintel set for return to KLM as new chief executive
KLM has selected the head of Dutch rail firm NS, Marjan Rintel, as its new chief executive – meaning she will return to lead the carrier for which she worked for 15 years. She will succeed Pieter Elbers who is standing down in the first half of this year. KLM ...