News from FlightGlobal – Page 206
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NewsSaudi Arabian sovereign fund establishes new aircraft leasing company
Saudi Arabia’s sovereign wealth fund is to branch into aircraft management and leasing, through the establishment of a lessor branded ‘AviLease’. The Public Investment Fund, which has some $620 billion in assets under management, already supports a diverse number of sectors – such as finance, mining, transport and construction – ...
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NewsSAS Chapter 11 filing 'accelerated' to protect company: chief executive
SAS chief executive Anko van der Werff insists the pilot strike affecting the company did not directly trigger its US Chapter 11 filing, but has accelerated the decision to seek court protection. The board made the decision on 5 July to proceed with the filing, the day after SAS pilots ...
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NewsSAS files for US Chapter 11 protection to push through restructuring
Scandinavian operator SAS has voluntarily filed for US Chapter 11 bankruptcy protection, as part of its efforts to push through a comprehensive restructuring of its business. Through the court-supervised process it aims to reach agreements with its main stakeholders, restructure its debts and reconfigure its aircraft fleet. It expects the ...
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NewsStar Alliance ties up with Deutsche Bahn to offer air-rail interchange
German rail operator Deutsche Bahn is to become a non-airline partner of Star Alliance, offering surface connections to passengers of the carrier group later this year. Deutsche Bahn will be the alliance’s first intermodal partner from 1 August. It states that the tie-up will “intelligently connect” air and rail, and ...
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NewsTAP A330neo threw up dust during near-overrun take-off from Angola
Investigators believe a take-off performance miscalculation at Luanda meant a TAP Air Portugal Airbus A330neo became airborne at the far end of the runway after a late increase in thrust. The A330-900 (CS-TUL), with a take-off weight of 191.3t, was bound for Lisbon on 12 April. Although the twinjet had ...
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NewsEasyJet operating chief resigns
Peter Bellew has resigned from his position as EasyJet’s chief operating officer to “pursue other business opportunities”, the UK-based low-cost carrier announced on 4 July. EasyJet’s statement to the London Stock Exchange does not suggest the decision relates to the operating challenges faced by the carrier in recent months. Bellew ...
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NewsSAS warns 'reckless' pilots' strike threatens carrier's survival
SAS is warning that industrial action by pilots is reckless and threatens the survival of the company, after it failed to avert a strike by cockpit crews. Efforts at mediation had twice deferred a strike notice, pushing it back from 29 June until 4 July. But SAS says the members ...
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NewsRyanair and Wizz record highest traffic months in June
Expanding European low-cost carriers Ryanair and Wizz Air both saw traffic levels soar in June, underlining their return to growth since the pandemic.
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NewsEl Al strives to settle labour dispute with cockpit crews
Israeli flag-carrier El Al is continuing negotiations with cockpit crew representatives in a bid to resolve a persistent dispute ahead of a labour court hearing. The dispute – focused on pay claims and working conditions – has led to disruptions in the airline’s schedule over the past couple of months ...
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NewsSAS gains more negotiating time as pilots push back strike again
Mediators have obtained a further postponement of threatened industrial action by SAS pilots, at least until 4 July. The planned strike by cockpit crew for the Scandinavian carrier was originally scheduled to commence on 29 June. It was deferred by three days, to 2 July, after the two sides agreed ...
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NewsAircalin launches Singapore flights; eyes Asia opportunities
New Caledonian carrier Aircalin is “working on” opportunities to grow its Asia network, following the launch of direct flights between Singapore and Noumea.
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NewsUS DOJ fines Air France-KLM $3.9m for incorrect mail delivery information
The US Department of Justice (DOJ) has settled with Air France-KLM Group for $3.9 million after accusing the European airline company of incorrectly reporting mail delivery information.
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NewsChina’s ‘big three’ airlines sign for 292 Airbus A320neos
China Eastern Airlines, China Southern Airlines and Air China have today signed agreements with Airbus covering orders for a combined 292 A320neo aircraft.
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NewsIcelandair to take 737 Max fleet to 20 with further leases
Icelandair Group is to take its fleet of Boeing 737 Max jets to 20 through a new agreement to lease additional aircraft. It has entered a pact with Singapore-based lessor BOC Aviation for a long-term operation lease of two 737 Max 8s. Icelandair Group says the aircraft will be delivered ...
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NewsUncertainty clouds future of Vietnam’s Pacific Airlines
Vietnam Airlines low-cost unit Pacific Airlines is facing an existential crisis, but its parent is restricted in its ability to bring in new partners.
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NewsKorean LCCs deploy widebodies in summer capacity ramp-up
Two South Korean low-cost operators are ramping up international flying, coinciding with the peak summer travel period and as the country eases travel restrictions.
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NewsKorean prepares fleet old and new for capacity step up
Korean Air’s plan to raise to capacity as Covid travel restrictions continue to ease will come as some of its grounded aircraft are returned to service and the airline prepares to introduce its second new aircraft type this year.
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NewsKLM repays last of Covid state aid
Dutch carrier KLM is to repay the remainder of the €942 million it borrowed from the state and banks under a loan package granted during the Covid-19 crisis.
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NewsRestructured Garuda aims for rapid fleet growth, domestic focus
Garuda Indonesia hopes to have over 100 aircraft back in service by the end of 2022, and plans to focus primarily on Indonesia’s domestic market.
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NewsIAG single-aisle modernisation continues as more A320neo options firmed up
British Airways and Iberia parent IAG is converting options for another 14 Airbus A320neo-family twinjets into firm orders. The options were originally disclosed as part of an agreement for up to 220 Airbus single-aisle jets in 2013. IAG says the latest firming of options covers three A321neos and 11 A320neos. ...