News from FlightGlobal – Page 233
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NewsAerCap could list first-quarter impairment against leased fleet in Russia
Leasing giant AerCap is expecting to recognise an impairment on aircraft leased to Russian airlines which the company has been unable to retrieve. It says this impairment could be made as early as the first quarter of this year, but it stresses that it has “not determined the amount”. While ...
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NewsAir France-KLM and other carriers lose legal bid to cut cargo cartel fines
Air France-KLM and a number of other operators have lost a legal bid to challenge fines imposed on them by the European Commission over participation in a pricing cartel for the airfreight market. But the European Union General Court ruling also partly annuls the Commission’s decision concerning several other airlines, ...
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NewsKenya Airways cuts full-year operating losses by 75%
Kenya Airways slashed full-year operating losses to KSh6.8 billion ($59 million) during 2021, a reduction of 75%. It generated just over KSh70 billion in revenues over the 12 months to 31 December. But passenger numbers of 2.2 million were still 57% down on the pre-crisis figure in 2019, and capacity ...
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NewsRossiya shifts leased aircraft to Russian registry
Aeroflot Group carrier Rossiya is claiming to have completed transfer of operational aircraft in its fleet to the Russian registry. Rossiya says 125 of its aircraft are listed on the register. “In order to minimise the risks of disruption of the flight programme during flights to foreign countries on these ...
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NewsAir New Zealand to raise NZ$2.2 billion for post-pandemic recovery
Air New Zealand has rolled out a NZ$2.2 billion ($1.53 billion) recapitalisation package - aimed at boosting its war chest for post-pandemic recovery - as it expects to continue to be loss-making in the near-term.
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NewsIndiGo appoints new finance chief
Indian low-cost carrier IndiGo has promoted Gaurav Negi as its new chief financial officer from 1 April.
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NewsEmirates chief sees ‘tectonic shift’ in airline industry from Russia-Ukraine conflict
The Russia-Ukraine war could have long-term consequences for the airline industry that are more significant than those resulting from the Covid-19 crisis, according to Emirates Airline president Tim Clark.
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NewsSlot shortages and ‘astronomical’ demand justify A380 return: Emirates chief
A shortage of slots at major airports and strong consumer demand are underpinning the return of the Airbus A380 into Emirates’ fleet, according to the president of the Middle Eastern carrier.
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NewsKazakh authority proposes airline divestments to increase competition
Kazakhstan’s government is proposing to increase competition in the air transport sector by selling shares in airlines which are part of the Samruk-Kazyna sovereign fund. The country’s Agency for the Protection and Development of Competition points out that airlines with state participation – including Air Astana, its budget operation FlyArystan ...
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NewsAvolon sees no imminent need to top up VX4 order
Lessor Avolon sees no immediate requirement to top-up its order for Vertical Aerospace’s VX4 electric vertical take-off and landing (eVTOL) aircraft despite having now exceeded its initial 500-unit commitment.
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NewsLufthansa Technik unit back providing Comair maintenance after suspension lifted
Lufthansa Technik Maintenance International (LTMI) has resumed work for South African carrier Comair after regulators in the country lifted the temporary suspension on the MRO unit.
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NewsAvolon places final eVTOL aircraft from 500-unit Vertical Aerospace VX4 order
Turkish aviation conglomerate Gozen Holding - the owner of Freebird Airlines – could take up to 100 Vertical Aerospace VX4 electric vertical take-off and landing vehicles following an agreement with lessor Avolon.
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NewsWellington extends cargo support scheme for Air New Zealand
Air New Zealand has been awarded another year of government financial support for operating cargo flights through end-March 2023.
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NewsWizz confident on strong summer loads from ramped-up Gatwick
Wizz Air UK managing director Marion Geoffroy is confident of strong load factors this summer, flagging full flights on the first day of the summer season from its expanded London Gatwick operation. The budget carrier opened a base at the south London airport in the autumn of 2020, initially with ...
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NewsAruban registry implements varied restrictions on Russian fleet
Aruba’s civil aviation regulator has introduced sanctions relating to aircraft based in Russia or connected with Russian entities. The measures are being imposed over the conflict in Ukraine, and follows similar actions by other states of registry. Aruba is an autonomous Dutch state but legally bound to follow European Union ...
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NewsFlynas signs off on strategy envisaging raising aircraft orders to 250
Saudi Arabian budget operation Flynas has outlined a strategic plan for the remainder of the decade under which it intends to lift its aircraft orders to 250.
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NewsFire hits Kuwait airport’s under-construction passenger terminal
Kuwait airport’s new passenger terminal has been hit by a fire while still under construction. The extent of any damage to the building, Terminal 2, is unclear. Kuwait’s directorate general of civil aviation states, through its official social media channel, that air traffic at the Gulf airport “has not been ...
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NewsEl Al chief executive Soreq quits to lead former US employer
Israeli flag-carrier El Al’s chief executive, Avigal Soreq, is stepping down from the top post at the airline after little more than a year. Soreq will leave the role towards the end of June this year, according to El Al. He joined the company in January last year after being ...
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NewsBA starts taking delivery of commercial-scale sustainable fuel
British Airways has taken delivery of an initial batch of sustainable aviation fuel under its agreement with Phillips 66, staking a claim as the first airline to start using such fuel produced on a commercial scale in the UK. The Humber refinery, in the north-east of the country, is producing ...
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NewsRussian metals producer divests carrier NordStar to management
Russian metals specialist Norilsk Nickel has divested the entirety of its in-house carrier NordStar to the airline’s management. Norilsk Nickel says the transaction closed on 25 March and is driven by the decision – given the current economic situation in Russia – to focus on its core business, production of ...