All articles by David Kaminski-Morrow – Page 214
-
NewsEasyJet borrows from UK coronavirus fund as part of liquidity plan
Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 million of ...
-
NewsIncorrectly-sized parts found after Icelandair 757 gear collapse
Investigators have found incorrectly-sized components on the landing-gear assembly of an Icelandair Boeing 757-200 which suffered a main landing-gear collapse at Reykjavik earlier this year. Icelandic investigation authority RNSA has recommended specific safety checks on four aircraft serviced by Landing Gear Technologies, to ensure that parts which have undergone undersizing ...
-
NewsEasyJet founder refuses to inject new funds as he directs ire at CFO
EasyJet founder and shareholder Stelios Haji-Iaonnou has refused to inject any fresh capital into the UK budget airline while a contract to acquire further Airbus jets remains in place, and is turning his wrath on chief financial officer Andrew Findlay. Haji-Ioannou has named Findlay as the second director he aims ...
-
NewsIcelandair Group studies options to avoid liquidity depletion
Icelandair Group has recruited advisors to look into options for reinforcing its capital structure, and explore possibilities for strengthening its competitiveness. It states that its liquidity position is still “well above” its minimum level of $200 million. But it adds that – given the assumption of “minimum revenue generation” in ...
-
NewsTrent 1000 fix progressing despite coronavirus disruption
Rolls-Royce is aiming to bring the number of Boeing 787s on the ground for Trent engine modification reasons to fewer than 10 by the end of the second quarter. While the manufacturer is taking steps to deal with the impact from the coronavirus crisis, it is maintaining efforts to address ...
-
NewsRolls-Royce shores up defences as airlines’ widebody engine activity drops
Rolls-Royce has disclosed that the primary impact of the coronavirus crisis on its civil aerospace business has been a reduction in widebody engine flying hours by 25% over the first quarter, including a 50% fall in March. It expects “further deterioration” during April, and beyond, given the increasing grounding of ...
-
NewsSuperjet 100s contracted to support UN peacekeeping
Sukhoi Superjet 100s are to be deployed in support of United Nations peacekeeping operations for the first time, following a procurement process. The Russian foreign affairs ministry and Russia’s permanent mission to the UN have been supporting a bid for participation using the type. Federal air transport regulator Rosaviatsia states ...
-
NewsA350-1000 brought in to shuttle medical supplies from China
Airbus is continuing its medical supply shuttle operation between China and Europe, adding an A350-1000 test aircraft to the list of types recruited for the effort. The A350-1000 (MSN59) operated from Tianjin to Hamburg, before flying on to Toulouse on 5 April. Airbus says the twinjet, flown by a flight-test ...
-
NewsLufthansa Group finance chief resigns citing health reasons
Lufthansa Group chief financial officer Ulrik Svensson has resigned from his position, citing health reasons. The German airline company has disclosed that he will step down on 6 April. It has not given any further details on the circumstances behind Svensson’s decision. He has served as the company’s finance head ...
-
NewsBoeing acknowledges ‘realities’ of market after Avolon cuts Max order
Lessor Avolon’s cancellation of 75 Boeing 737 Max jets is set to provide a degree of relief to the US airframer as it rejigs the extensive backlog for the re-engined aircraft. But Boeing also acknowledges that the decision is the “right step” to “align with the realities of the marketplace”. ...
-
NewsLessor Avolon cancels or defers over 100 aircraft
Lessor Avolon is cutting its delivery commitments over the next four years by over 100 aircraft, through a combination of cancellations and deferrals including the axing of 75 Boeing 737 Max jets. Avolon says the unplaced Max aircraft had been due to arrive over 2020-23. It is also deferring another ...
-
NewsEASA advises carriers to switch off recirculation fans
Europe’s safety regulator is advising commercial aircraft operators to adopt new procedures to switch off air-conditioning system recirculation fans regularly, as part of measures to limit the risk of coronavirus contagion. Supplementary procedures to turn off the fans periodically would “accelerate cabin air exchange”, says the European Union Aviation Safety ...
-
NewsRyanair taking €300m charge over fuel-hedge ineffectiveness
Budget carrier Ryanair is predicting net profits of €950 million-1 billion for 2019-20 as the tail-end of its fiscal year started suffering the effects of the coronavirus crisis. It states that it is conducting fewer than 20 flights daily, and expects its fleet to stay “largely grounded” for at least ...
-
NewsIAG cuts capacity by 90% as BA puts cabin crew and pilots on leave
IAG is to cut capacity by around 90% during April and May, up from the figure of 75% previously indicated. The group’s British Airways division has confirmed it will put more than 30,000 cabin crew and ground-based employees on furlough for the two-month period. BA will apply to take advantage ...
-
News
Wizz Air details crisis impact on traffic as it wraps up fiscal year
Budget carrier Wizz Air has become one of the first European airlines to detail the full coronavirus impact on traffic in March, a month during which airlines started embarking on widespread fleet grounding. Wizz Air says booked passenger numbers fell by nearly 36%, to 1.75 million, as it cut capacity ...
-
NewsCrisis accelerates approval of A320 seat-bag cargo modification
European regulators have approved an interior modification for Airbus A320-family jets which enables seats to be converted into cargo-transport facilities, after an accelerated development effort in the wake of the coronavirus crisis. The cargo seat-bag configuration has been developed by Baltic parts firm Colibri Aero and design specialist J&C Aero ...
-
NewsAirbus uses dormant Spanish operation to build medical visors
Airbus has turned to medical equipment production at its otherwise-dormant Spanish facilities, manufacturing visor frames through 3D printing. Spain has been badly affected by the coronavirus crisis and Airbus aircraft production at its centres in the country has been temporarily suspended after the government brought in strict new containment measures. ...
-
NewsEmirates transfers all freighter operations to Dubai International
Middle Eastern carrier Emirates is consolidating freighter operations at Dubai International from 1 April, suspending operations at the city’s Dubai World Central hub. Emirates is re-organising its freight network in response to the disruption from the coronavirus crisis. It says the decision to concentrate on Dubai International, the main passenger ...
-
NewsA220 uncontained engine failures linked to resonance phenomenon
Airbus A220 operators are being instructed to remove certain full-authority digital engine control software, and install a new version, after a series of engine failures involving fracture of low-pressure compressor rotors. Four such incidents have been registered, says the US FAA in a directive for the type’s Pratt & Whitney ...
-
NewsEmirates to receive capital injection from Dubai government
Emirates is to be given a capital injection by the Dubai government, to support the Middle Eastern airline in the aftermath of the coronavirus outbreak. The operator – which has a fleet of Airbus A380s and Boeing 777s – has suspended passenger flights in line with United Arab Emirates restrictions, ...