All articles by Graham Dunn – Page 73
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NewsEstonia makes merger a condition of Nordica capital increase
Estonia’s government is to increase the share capital of local carrier Nordica by €30 million ($33 million) to help the airline through the coronavirus crisis – an investment which is conditional on the merger of Estonian aviation assets.
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NewsCondor secures future as €550 million German state loan granted
European Commission regulators have approved a €550 million ($595 million) loan from the German state to help struggling leisure carrier Condor through the coronavirus crisis.
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Airline BusinessHow will states exert their renewed influence on airlines?
Airline bodies, chiefs and industry analysts have been warning since national lockdowns grounded scheduled passenger services that many carriers did not have enough cash to survive more than a couple of months.
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NewsLufthansa in financing talks after disclosing Q1 loss of €1.2bn
Lufthansa Group is in talks with the home governments of its various airlines over financing support after revealing it expects to have posted a €1.2 billion ($1.3 billion) adjusted EBIT loss for the first quarter fo 2020.
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NewsAir Arabia and Etihad to launch Abu Dhabi JV as ’conditions improve’
Air Arabia and Etihad Airways’ new Abu Dhabi joint venture carrier will finalise its launch plans “as market conditions improve” after securing its air operating certificate (AOC).
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NewsUK clears CargoLogicAir to resume freight flights
UK regulators have restored the operating licence of freight operator CargoLogicAir, clearing it to operate contracts providing medical supplies using a pair of Boeing 747 freighters.
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NewsAir Mauritius files for voluntary administration
Struggling Air Mauritius has entered voluntary administration after the board resolved that with coronavirus grounding it would not be able to meet its financial obligations in the foreseeable future.
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NewsEtihad open to ‘constructive’ talks on Virgin Australia restart
Virgin Australia’s biggest shareholder Etihad Airways says dealing with the coronavirus impact on its own business meant it was unable to provide further funding to the carrier, but that it remains open to “constructive discussions” over its potential restart.
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NewsCityJet secures breathing space by entering examinership
An Irish court has appointed an interim examiner at regional wet-lease specialist CityJet as the carrier seeks protection during the coronavirus crisis.
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Airline BusinessUS carriers tap relief funding as crisis deepens
North American airline traffic is expected be down more than a third compared with the 2019 level, IATA’s projections for the impact of the coronavirus crisis on the sector show.
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NewsStobart Group ponders move to buy back regional operator
Stobart Group is considering buying back Irish regional operator Stobart Air and lessor Propius from the administrators of Flybe parent, Connect Airways.
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Airline BusinessEtihad and Emirates prepare ground for service return
Etihad’s announcement that it aims to begin restoring its passenger network from the start of May and Emirates’ initial move to test passengers for coronavirus ahead of flights show the Gulf carriers readying for a return to operations.
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Airline BusinessEuropean carriers face long haul through coronavirus crisis
If the relative financial success of the European airline industry had always seemed paradoxical given the glut of carrier failures over the past three winters, the coronavirus outbreak has to some extent been a leveller.
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Airline BusinessCoronavirus crisis threatens to push South African carriers over the edge
While the coronavirus pandemic has had a wide-ranging impact across African carriers, the timing of the crisis has been particularly calamitous for South Africa’s struggling airline sector.
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NewsCondor looking at options after PGL pulls out of acquisition
German leisure carrier Condor is looking at different optons for its future ownership as talks continue with LOT’s parent Polish Aviation Group (PGL) on conditions attached to it withdrawing from its proposed acquisition of the airline.
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NewsComair drops Star Air acquisition as challenges deepen
South African carrier Comair has agreed to call off its planned acquisition of aircraft leasing specialist Star Air Cargo and Star Air Maintenance as it battles mounting challenges.
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Airline BusinessWhat is it going to take for passengers to start flying again?
Challenges around the lifting of travel bans, the economic hit and restoring passenger faith in the safety of air travel are likely to be key hurdles to overcome before airlines might return to normal business after the coronavirus grounding.
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NewsInterim chief Mzimela leaves struggling SA Express
Interim chief executive Siza Mzimela is leaving SA Express after 18 months in the role at the challenged South African regional carrier.
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Airline BusinessAirline traffic unlikely to return to pre-crisis levels before start of 2021
Airlines are unlikely to see a return to pre-crisis traffic levels before the start of 2021 at the earliest IATA expects - and even that projection assumes the coronavirus issues are largely tackled over the next three months.
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NewsTicket refund burden to compound airline Q2 losses: IATA
A requirement to refund an estimated $35 billion in airline tickets during the second quarter will deepen the impact on their cash reserves on top of a projected industry loss of $39 billion for the quarter.