All articles by David Kaminski-Morrow – Page 83
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NewsLOT bracing for more turbulence as it strives to recover from heavy losses
Polish flag-carrier LOT has disclosed that it made a net loss of zl1.33 billion ($281 million) last year, a deterioration on the zl1.04 billion of 2020. The airline revealed the figure in annual activity documents newly filed with the Polish ministry of justice. It turned in total revenues last year ...
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NewsLondon Heathrow operations trimmed to limit disturbance during Queen’s funeral
Flight operations at London Heathrow are being cut back to avoid noise disruption during the state funeral of Queen Elizabeth II. The airport’s operator says operations on the day, 19 September, will be “subject to appropriate changes” to prevent disturbance. According to a NOTAM, a demand-and-capacity balancing is being implemented ...
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NewsPorter enters sale-and-leasebacks for a dozen E195-E2s
Canada’s Porter Airlines has added more lessors to its fleet-sourcing for Embraer 195-E2 twinjets, with sale-and-leaseback agreements for a dozen aircraft equally split between TrueNoord and funds linked to Apollo and Merx Aviation. The arrangement means the carrier has secured lease agreements with five lessors covering 26 E195-E2s. Porter ordered ...
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NewsInsurance firm Phoenix takes near-20% share of El Al loyalty programme
Israeli insurance firm Phoenix is taking a near-20% shareholding in flag-carrier El Al’s loyalty programme. Phoenix is exercising an option to acquire the 19.9% stake as part of a financing transaction sealed earlier this year. Under the agreement it is able to purchase up to 25% of the loyalty scheme, ...
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NewsRyanair and Lufthansa Group sign for sustainable fuel with OMV
Budget carrier Ryanair has reached a provisional agreement with Austrian energy firm OMV covering the supply of sustainable fuel at various airports. The memorandum of understanding will give Ryanair the ability to purchase up to 160,000t of fuel over the next eight years. Ryanair says the agreement will involve delivery ...
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NewsWizz Air firms purchase rights on another 75 A321neos
Central European budget carrier Wizz Air is exercising purchase rights to take another 75 Airbus A321neo twinjets. Chief executive Jozsef Varadi says the A321neo will provide a “strong platform” for the airline’s growth, and that Wizz remains “on track” to be a 500-aircraft group by the end of the decade. ...
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NewsAustrian Airlines receives first A320neo
Lufthansa Group carrier Austrian Airlines has received its first Airbus A320neo following a flight from Toulouse on 13 September. The aircraft (OE-LZN), fitted with Pratt & Whitney PW1100G engines, arrived in Vienna as flight OS1472. It has been delivered with an all-white fuselage and fin, because it is to be ...
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NewsParker-Hannifin completes £6.3bn acquisition of UK aerospace firm Meggitt
US-based firm Parker-Hannifin has completed its £6.3 billion ($7.2 billion) acquisition of the UK aerospace company Meggitt. The transaction, says Parker-Hannifin, will provide complementary technologies and increase the aftermarket mix of its aerospace business. Closing of the acquisition follows a review of competition – and security – concerns, and the ...
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NewsGerman government support fund sells entire remaining Lufthansa shareholding
Germany’s economic stabilisation fund has fully withdrawn its interest in flag-carrier Lufthansa, stating that its role in securing the company is complete. The fund contributed to the airline through state-aid measures implemented in 2020 as the pandemic crisis took hold. This aid took the form of a ‘silent’ participation of ...
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News‘Serious’ investor proposal could reprieve UK’s Doncaster Sheffield airport
Doncaster Sheffield airport in the northern UK could potentially be reprieved after discussions with potential investors revealed strong interest, particularly from one specific group. The airport’s future is the subject of a strategic review over its weak financial performance and concerns that aviation operations at the facility are not viable. ...
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NewsBluebird Nordic holding firm to set up Indonesian cargo carrier
Icelandic cargo carrier Bludbird Nordic’s holding firm has established a new operation in Indonesia, which will conduct services under a separate air operator’s certificate. The new carrier, BBN Airlines Indonesia, was set up by BBN Cargo Airlines Holdings at the end of August. It will manage cargo services at Jakarta’s ...
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NewsVallair picks up ex-AtlasGlobal A321 for part-out
European aircraft asset specialist Vallair has purchased an Airbus A321 most recently operated by Turkish carrier AtlasGlobal, intending to part-out the twinjet. It has identified the airframe as MSN1008 which was originally delivered to Japanese carrier All Nippon Airways in 1999. The jet was fitted with International Aero Engines V2500 ...
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NewsSAS seeks approval for sale-and-leaseback of A320neos
Scandinavian carrier SAS is seeking court approval to proceed with a sale-and-leaseback transaction covering six Airbus A320neo jets to be delivered before the end of this year. The aircraft are the subject of a provisional agreement with Griffin Global Asset Management. SAS is progressing with a fleet re-organisation, under US ...
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NewsA350-1000 software update follows analysis of rudder oscillatory-failure risk
Airbus A350-1000 operators are set to be told to install updated flight-control and avionics software to reduce risk associated with oscillatory failure cases affecting the rudder. Oscillatory failure cases result from malfunctions in servo systems coupled to flight-control surfaces. The situation triggers control-surface oscillations which can then lead to excessive ...
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NewsEASA approves Avensis Class E cargo modification for A330
European regulators have granted a supplemental type certificate to an Airbus A330 freighter conversion programme to fit a Class E compartment. Portuguese operator TAP’s air cargo division is the launch customer for the modification, which has been supported by TAP’s maintenance and engineering arm. The programme – developed by Avensis ...
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NewsMNG takes second converted A330 and indicates plans for A321 freighters
Turkish cargo carrier MNG Airlines has taken delivery of a second converted Airbus A330-300 freighter from modification specialist EFW, and indicated plans to introduce A321 freighters. The aircraft – MSN889, registered TC-MCN – brings the operational fleet of A330P2Fs from the programme to 20. It has undergone conversion over the ...
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NewsEl Al to repay government loan by year-end under revised aid pact
Israeli flag-carrier El Al has reached a new agreement with the government under which it will advance repayment of $45 million in support loans granted by the state. The repayment, brought forward by two years, will be carried out by 20 December. El Al says the new pact means most ...
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NewsSAS obtains court approval for bridge financing
Scandinavia’s SAS has obtained court approval for the $700 million bridge financing agreed with funding firm Apollo Global Management. SAS, which is restructuring under US Chapter 11 protection, had disclosed on 14 August that it had secured the provision agreement for debtor-in-possession financing. The company says the court approval for ...
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NewsAeroflot Group’s Rossiya names new general director
Aeroflot Group carrier Rossiya has named Yan Burg as its general director, formalising a position in which he has acted since early March. He joined the airline as technical director in October 2018, having previously worked for Russian Helicopters as well as Aeroflot. Burg has an educational background in aircraft ...
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NewsRussian government prolongs loan subsidy scheme for lessors taking domestic aircraft
Russia’s government is extending a loan subsidy programme to ease the process through which lessors acquire domestically-built aircraft to lease to carriers. The programme – which was initiated a decade ago, in October 2012 – had applied to loans taken by lessors from 2008-21 but it will be extended, under ...