All articles by David Kaminski-Morrow – Page 173
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NewsAirbus encouraged by rising export-credit support for deliveries
Airbus is encouraged by evidence of increasing engagement with export-credit agencies to support aircraft deliveries. Chief financial officer Dominik Asam, speaking during an 18 February briefing, said the airframer was trying to “resuscitate” export-credit financing, stating that the proportion of deliveries with such support has risen to 10% from 2% ...
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NewsAirbus strives for break-even on A220 and low-rate twin-aisles
Airbus is intending to achieve break-even on its twin-aisle programmes at the reduced rate of production, while it acknowledges that a shift in demand mix puts increased pressure on its loss-making A220 lines.
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NewsAirbus brings year-end inventory level below 2019 figure
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first half, as deferrals and delivery difficulties meant Airbus experienced a ...
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NewsAirbus aims to match last year’s commercial aircraft delivery figure
Airbus is aiming to achieve at least the same number of commercial aircraft deliveries this year as the 566 it managed over the course of 2020. Its commercial aircraft operation generated a full-year earnings loss of €1.33 billion ($1.6 billion), after a 37% fall in revenues to €34.2 billion, contrasting ...
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...
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NewsFrench and Swedish state aid to airlines not discriminatory: European court
European court judges have thrown out a case against the state aid granted to French and Scandinavian carriers, which had been brought by budget airline Ryanair. Ryanair had alleged infringement of non-discrimination principles as well as the obligation to weigh the benefits of the aid against its adverse effect on ...
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NewsLufthansa in talks for smaller types after A380 and 747 withdrawal: Spohr
Lufthansa Group is holding talks with Airbus and Boeing to bring smaller aircraft into the fleet in place of the larger types the company is withdrawing as a consequence of the air transport crisis. Chief executive Carsten Spohr told a German symposium, hosted by the London School of Economics on ...
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NewsTUI’s Belgian carrier puts 737 Max back into operation
Leisure company TUI Group has started re-introducing the Boeing 737 Max to service, with its Belgian carrier TUIfly conducting flights to Malaga and Alicante. The initial aircraft (OO-MAX), a 737 Max 8, departed Brussels shortly before 09:45 on 17 February. “At the moment we have a very small programme in ...
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NewsSAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM Leap-1A ...
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NewsCourt blocks Manston revival after government fails to explain need for airport
Plans to resurrect the UK’s dormant Manston airport to handle international cargo flights have suffered a setback after a judge quashed the development consent order given by transport secretary Grant Shapps’s office last year. The judge, in a ruling at London’s High Court on 15 February, has approved a judicial ...
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder to ...
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NewsEl Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance ...
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NewsFrench shipping giant CMA CGM to enter air cargo market with A330-200Fs
French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states that the strategic move is intended ...
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NewsBahrain military picks up former Braathens RJ100
Bahrain’s air force is to receive another BAE Systems Avro RJ100, one of the 10 Avros which had been withdrawn from the fleet of Swedish carrier Braathens Regional Airlines. Braathens Regional had been operating eight RJ100s and a pair of RJ85s but put the aircraft on the market, through Skyworld ...
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NewsEmbattled Air Namibia recalls fleet and ceases operations
Struggling African carrier Air Namibia is cancelling all flights from 11 February, and returning its fleet to its Windhoek base. The cessation of operations for the troubled flag-carrier comes eight months after the Namibian president, Hage Geingob, told the country’s parliament that the airline should be liquidated. Geingob had made ...
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NewsAirbus and Air France spearhead Paris bid to advance hydrogen-hub airports
Airbus and Air France-KLM are joining airports operator Groupe ADP and other French entities to explore the use of hydrogen at Parisian airports. They are seeking projects focused on storage and distribution of gaseous and liquid hydrogen within airports, options for hydrogen recycling, and diverse uses of hydrogen in aeronautics ...
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NewsATR gear door hit wing root after in-flight separation
French investigators have determined that a Hop ATR 42-500 sustained serious damage after a lost nut caused a main landing-gear door to separate during descent to Aurillac. The turboprop (F-GPYF) had departed Paris Orly on 25 March 2018, with 48 passengers and three crew members. As it descended through 18,000ft ...
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NewsLessor NAC stands firm as minister hints at Garuda CRJ1000 axe
Leasing firm Nordic Aviation Capital is acknowledging negotiations with Garuda Indonesia with regards to Bombardier CRJ1000s it supplied to the flag-carrier, as a result of pandemic-related financial pressures on the airline. But it is insisting that it will hold Garuda to its obligations, after an Indonesian minister stated that he ...
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NewsAir Arabia limits full-year loss with profitable final quarter
Air Arabia has managed to achieve a second profitable quarter for 2020, enabling it to contain its full-year net loss to Dhs192 million ($52 million). It turned in a fourth-quarter surplus of Dhs20 million, despite a 53% reduction in revenues, having also been profitable in the first. While the fourth-quarter ...