Must read – Page 45
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NewsNorwegian seeks financial protection as units file for Irish restructuring
Norwegian has initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets under an Irish examinership process. The cash-strapped low-cost carrier says the purpose of the process is to reduce debt, rightsize the fleet and secure new capital. In initiating an examinership ...
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Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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NewsNo Lidl ground? Ryanair and Dublin airport chiefs clash on pricing
Complaints from airline chiefs about airport charges are as old as the industry itself, but a discussion at an ACI Europe conference today showed that the issue has a fresh relevance amid the coronavirus crisis. During a robust but good-humoured debate, Ryanair group chief executive Michael O’Leary and the head ...
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NewsVolga-Dnepr An-124 damaged in departure accident at Novosibirsk
One of Russian outsize freight operator Volga-Dnepr Airlines’ Antonov An-124s has suffered substantial damage after a departure accident apparently involving engine failure. Images of the aircraft (RA-82042) at Novosibirsk show it came to rest on rough snowy ground, on its fuselage underside, with extensive damage to its inboard left-hand Progress ...
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AnalysisHong Kong’s cautious approach to travel bubbles
Hong Kong’s government will take a safety-first approach when its travel bubble with Singapore launches on 22 November, and the launching of further bubbles with other countries or regions will come with strict anti-Covid-19 preconditions. “It takes two to tango,” the city’s secretary for commerce and economic development Edward Yau ...
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NewsUSA approves $23bn sale of F-35s, MQ-9Bs and thousands of weapons to UAE
The US Department of State has approved the sale of an aircraft and weapons package worth up to $23.37 billion to the United Arab Emirates (UAE), including 50 examples of the Lockheed Martin F-35A Lightning II stealth fighter.
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NewsMax cancellations inch up in October as Boeing lands no new orders
In October, Boeing lost another 12 orders for the 737 and received no new commitments for any commercial aircraft type, while deliveries inched up to 13 jets.
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NewsFAA to complete 737 Max review in ‘coming days’
The Federal Aviation Administration expects “in the coming days” to complete its review of Boeing’s changes to the 737 Max, signaling it may soon clear the Max to fly.
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Airline BusinessCalm before the storm for airline failures
The relatively small number of airline failures so far is not indicative of the health of the sector.
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NewsSIA seals Airbus deferrals, Boeing negotiations reach ‘advanced stage’
Singapore Airlines Group has confirmed that its outstanding Airbus aircraft on order have been deferred and that it is close to concluding similar talks with Boeing. In today disclosing record half year losses amid the coronavirus crisis, SIA Group states that it has “concluded negotiations with Airbus on a revised ...
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Airline BusinessAirline coronavirus recovery tracker: November 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsWhat messages do BA and EasyJet chiefs have for Greta Thunberg?
Sustainability was firmly establishing itself as the airline industry’s greatest long-term challenge before the coronavirus pandemic hit.
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NewsWet-lease operator Hi Fly to axe A380 in favour of A330s
Portuguese operator Hi Fly is ending its Airbus A380 services, just two-and-a-half years after taking on the type to explore its potential for the wet-lease market. Hi Fly acquired a former A380, MSN6, in mid-2018. The aircraft, powered by Rolls-Royce Trent 900 engines and configured with 471 seats, had been ...
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NewsTrump or Biden: How might aerospace fare?
How might a Joe Biden presidency impact the aerospace sector differently than another four years with President Donald Trump in the White House?
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Airline BusinessIstanbul airport chief on guiding a new hub through the Covid crisis
The chief executive of Istanbul’s nascent hub describes how the coronavirus crisis hit the business just after a huge capital investment – and how he plans to ensure it emerges from the downturn as a strong global player
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NewsCapacity concerns forgotten as embattled Berlin Brandenburg finally opens
One of the ironies of Berlin Brandenburg airport’s much-delayed opening is that the onset of the air transport crisis has brought an excess of capacity to a hub which, at one point, was thought to have a shortage. Combined passenger numbers for Tegel and Schoenefeld airport for the first eight ...
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NewsChina Southern first among ‘Big Three’ to return to profitability since pandemic began
China Southern Airlines became the first of China’s three largest carriers to report a quarterly operating profit since the coronavirus outbreak began, breaking its loss-making streak in the first half of the year. Its compatriots Air China and China Eastern Airlines, while still in the red for the three ...
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NewsJAL to reduce 777 fleet amid swing to steep first-half loss
Japan Airlines will retire up to 24 of its Boeing 777 aircraft over the next three years, as it battles the coronavirus crisis that saw it rack up significant losses for its half-yearly results. Elaborating on its future fleet plans, the Oneworld carrier states that 11 777-200ERs used in its ...
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NewsMitsubishi imposes ‘temporary pause’ on SpaceJet; certification work continues
Mitsubishi Heavy Industries (MHI) will further trim the budget of its troubled SpaceJet programme and “temporarily pause” most related activities, as it mulls a “possible programme restart”. Releasing its medium-term business plan for its 2021-23 fiscal years, MHI adds that it will, however, still carry on with type certification documentation ...
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In depthHow Atlas freighter crash revived scrutiny of pilot performance tracking
When investigators delivered their scathing verdict on the loss of Giant 3591, the Atlas Air Boeing 767-300F that disintegrated after diving into a lake on approach to Houston on 23 February 2019, the language barely contained their frustration over the missed opportunities to prevent the accident.