All articles by David Kaminski-Morrow – Page 180
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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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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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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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NewsS7 temporarily tops Russian passenger carriage table
S7 Airlines has temporarily emerged as Russia’s largest individual operator, the aviation regulator shows, as passenger numbers in the country halved to 27.8 million in the first six months of the year. Federal air transport authority Rosaviatsia states that the number of air passengers travelling in Russia was nearly 52% ...
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NewsComair business plan pushed back as rescuers work to firm up offers
South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches. Publication of the business plan had been due on 28 July after an expression of ...
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NewsSupersonic AS2 forward fuselage to be built by Spirit AeroSystems
US aerostructures firm Spirit AeroSystems is to build the forward fuselage of the Aerion AS2 supersonic business jet, in return for additional investment in the programme. Aerion says it has reached a memorandum of agreement to enhance Spirit’s role, after the two sides started co-operating on the AS2 last year ...
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NewsIcelandair seals new cabin crew pact as it reels from first-half losses
Icelandair Group has secured approval from its flight attendants for a new collective agreement, thrashed out after a stand-off which involved the airline’s dismissing, and then reinstating, its cabin crew corps. The agreement will remain valid until the end of September 2025 and rounds off the critical negotiations with personnel ...
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NewsRussian regulator underscores storm risk after Khabarovsk An-24 incidents
Eastern Russian authorities are urging operators to improve their awareness of adverse weather operations after two serious thunderstorm-related incidents in the space of three days involving Khabarovsk Airlines Antonov An-24s. One aircraft unintentionally flew into a heavy hailstorm at 17,000ft while operating a Tynda-Khabarovsk service on 17 July. The aircraft ...
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NewsFastjet seeks stock market delisting in bid to maintain crucial funding
African operator Fastjet Group is planning to delist from the stock market and register as a private company, as a condition of securing further support from key shareholder Solenta Aviation Holdings. Fastjet is listed on London’s Alternative Investment Market. But it says there is “considerable” cost and time involved in ...
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NewsRecovering Ryanair could have 40 737 Max jets by summer 2021
Budget carrier Ryanair hopes to introduce its first Boeing 737 Max this year and up to 40 of the type ahead of the 2021 summer season. But the airline warns that the financial year will be “very challenging” after it turned in a first-quarter net loss of €185 million ($217 ...
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NewsEl Al seeks approval to raise capital as pilots object to cost-saving pact
El Al has called a shareholders’ meeting for 18 August in order to seek approval to raise the company’s registered share capital. The Israeli flag-carrier is planning to raise $400 million through a $150 million share issue and a state-backed staggered $250 million loan. El Al says that, in order ...
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NewsSmartwings 737 inquiry recommends psychological appraisal of captain
Czech investigators probing the incident in which a Boeing 737-800 proceeded to its destination without diverting, despite suffering engine failure early in the flight, have recommended that its captain should undergo psychological assessment. Investigation authority UZPLN says the unusual recommendation for a psychological examination at the Czech Institute of Aviation ...
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NewsSmartwings 737 captain 'hid' engine failure to continue flight to Prague
Czech investigators have revealed that a Boeing 737-800 captain misled air traffic control over a serious engine failure and ignored the first officer’s urging a diversion, in order to press on to Prague, the flight’s original destination. Investigation authority UZPLN states that the captain’s poor decision-making – disregarding several crucial ...
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NewsAirbus ‘olive branch’ aims to end subsidy row as WTO remains impaired
Airbus’s adjustment of A350 launch aid contracts is intended to bring an early end to a transatlantic subsidies dispute which is otherwise set to drag on for several months as a consequence of delays to World Trade Organization decisions. The WTO’s appeals process has been crippled since last December by ...
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NewsA350 launch aid rejig leaves US tariffs unjustified: Airbus chief
Airbus believes it is in complete compliance with World Trade Organization rulings on commercial aircraft subsidies after adjusting contracts for A350 government launch aid. The measure is the latest development in the long-running transatlantic dispute between the US and European Union administrations over provision of financial support to Boeing and ...
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NewsFinnair expects to restore 50% of flights by September
Finnair is expecting to rebuild its services over the third quarter, operating around 50% of its pre-crisis flight capacity by September, up from the figure of 25% in July. It aims to carry out 120 daily flights in August and increase this to 190 in September. The airline turned in ...
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NewsCharter carrier Jet Time collapses but owner plots Nordic successor
Danish charter carrier Jet Time is filing for bankruptcy, the latest air transport casualty of the crisis triggered by the coronavirus pandemic. Jet Time states that the restrictions on travel and closed borders have proven “too great a challenge” for the operator. Chief executive Jorgen Holme is submitting the filing ...
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NewsCombined cockpit-voice and data recorder set for A320neo line
Airbus A320neos will have a new combined cockpit-voice and flight-data recorder line-fit option this year following certification of L3Harris Technologies’ latest model. It features over 25h of cockpit recording and 25h of datalink recording, plus more than 70h of flight-data recording. Part of the company’s SRVIVR25 product range, the device ...
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NewsIrkut carries out test installation of PD-14 for MC-21-310
Irkut has completed an initial test installation of the Russian-built Aviadvigatel PD-14 engine on an MC-21-300 rig. The domestically-powered version of the aircraft will be designated the MC-21-310, says state technology corporation Rostec. Installation of the first PD-14 on an MC-21 wing and pylon has been conducted at the Irkutsk ...
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NewsEl Al must issue shares before state will back loan
Israeli flag-carrier El Al must carry out a planned $150 million share issue by the end of August, before the country’s government will back a $250 million bank loan. The conditions have been outlined in a 22 July letter from the ministry of finance. El Al opted in early July ...