All articles by David Kaminski-Morrow – Page 181
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NewsBGI leads race for Israir as bidders continue to tweak offers
Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee has put ...
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NewsNorwegian tests debt-for-equity appetite again in bid for funding
Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt at market price, and seek approval for a NKr4 billion ...
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NewsJoint bidders interrupt Israir sale with late acquisition offer
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. Their submitted ...
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NewsGulf Air to open Tel Aviv link and explore El Al codeshare
Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum of ...
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NewsEl Al persuades ministry to advance security expenses
Israeli flag-carrier El Al has been granted a degree of financial relief after the government agreed to provide advance payment to the airline for expenditure on security services. El Al says the ministry of finance has agreed to the request for advance payment of $15 million for security expenses over ...
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NewsGulf Air and IAI seal maintenance pact after Bahrain-Israel tie-up
Normalisation of diplomatic relations between Bahrain and Israel has led to a new maintenance agreement under which Gulf Air aircraft will undergo line maintenance from Israel Aerospace Industries. IAI states that its Aviation Group will offer a “comprehensive technical response” to all Gulf Air aircraft landing at Tel Aviv’s Ben ...
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NewsEASA certifies ATR 72-600 freighter
ATR has obtained European approval for the manufacturer’s purpose-built freighter, based on the ATR 72-600 airframe. The manufacturer, which launched the programme in 2017 based on an order from cargo operator FedEx, stared flying the first example of the -600F in September. It has since shown off the initial turboprop ...
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NewsSAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up to ...
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NewsSAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a couple ...
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NewsExtensive restructuring takes effect in western Russian airspace
Russian air navigation services have completed a transition to a new airspace structure in the Moscow zone, an extensive re-organisation which affects much of the European area of the country. The switch to the new structure took place at 03:00 Moscow time on 3 December. Federal air transport regulator Rosaviatsia ...
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NewsSAS expects further losses for 2020-21
Scandinavian operator SAS expects losses to persist through the full-year 2020-21, but insists its recapitalisation will prepare the airline for the winter season and the continuing disruption from the air transport crisis. SAS chief executive Rickard Gustafson says the winter will be “tough” while the new fiscal year will be ...
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NewsUK government invites views to shape long-term night-flight policies
UK government regulators are to explore the options for developing a long-term night-flights policy for London’s main airports, as part of a consultation which also seeks views on extending the current regime. The air transport crisis, and the uncertainty over knock-on effects, has spurred the government to propose extending current ...
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NewsAir Djibouti 737-500 suffers landing accident at Somali airport
Air Djibouti has disclosed that a Boeing 737-500 has suffered an accident upon landing in north-eastern Somalia. The aircraft (EY-560) experienced a “tyre problem” during the landing at Garowe Puntland airport on 2 December, the airline states. As a result the twinjet “left the runway”, it adds, although there were ...
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NewsCrews frequently fail to comply with collision-avoidance advisories: analysis
Analysis of airborne conflicts in core European airspace has revealed that a substantial proportion of collision-avoidance manoeuvres are not flown correctly after on-board systems issue resolution instructions. Eurocontrol has published the findings of an assessment covering 12 months of operations and examining 1,184 resolution advisories – automated orders to pilots ...
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NewsIsrair bidders enhance offers in battle to acquire leisure carrier
At least three of the prospective bidders for Israeli leisure airline Israir have submitted enhanced offers to acquire the carrier. The trustee overseeing the divestment of Israir from its parent IDB had set a 30 November deadline for best and final bids. Dor Alon Energy has put forward options including ...
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NewsAeroflot Group claims Pobeda profitable despite crisis
Aeroflot Group is highlighting the performance of its budget arm Pobeda, posting a net profit for the carrier for both the third quarter and the first nine months of this year. The company says Pobeda increased passenger numbers during the quarter, compared with last year, and achieved load factors up ...
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NewsAirlink loses case to retrieve revenues held by former partner SAA
South African carrier Airlink has failed to convince the country’s Supreme Court of Appeal that it is owed R510 million ($33 million) in ticket funds held by South African Airways. The court has upheld a Gauteng high court decision rejecting Airlink’s claim to the ticket revenues collected by SAA on ...
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NewsGreece’s Sky Express shows off first A320neo
Greek carrier Sky Express has received its first Airbus A320neo, one of six aircraft destined to be delivered to the airline. Sky Express says it aims to open Athens-Thessaloniki services on 14 December. The aircraft (SX-IOG) is powered by CFM International Leap-1A engines and, according to Cirium fleets data, is ...
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NewsAir India A320 left with 600m to stop after unstable approach
Pilots of an Air India Airbus A320 were left with just 600m in which to bring the aircraft to a halt after the jet landed long at Surat following an unstable approach. The threshold of Surat’s runway 22 had already been displaced by 1,000m leaving an available landing distance of ...
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NewsCrews cautioned as Russian airspace change swamps navigation update
European regulators are cautioning that flight-management system databases and charts for western Russia might be outdated as a result of the data workload created by an extensive restructuring of the region’s airspace. The restructuring – which takes effect on 3 December – is centred on the Moscow flight information region ...