News from FlightGlobal – Page 300
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NewsHSBC raises Chinese ‘Big Three’ loss forecast
HSBC has widened its loss estimates for China’s three largest state-owned carriers, while forecasting a full domestic travel recovery by 2023.
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NewsThai Airways narrows H1 operating loss; revenue down 75%
Thai Airways swung to a net profit — and narrowed its half-yearly operating loss — as cost-cutting measures appear to bear some fruit.
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NewsJeju Air to raise $180 million via share issue
Jeju Air aims to raise nearly W210 billion ($180 million) from an equity raise.
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NewsRex furloughs 500 staff amid prolonged domestic lockdowns
Australia’s Regional Express has stood down 500 staff members for nearly a month, as domestic lockdowns — meant to contain the spread of the coronavirus — show no sign of letting up.
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NewsThai AirAsia parent widens second-quarter operating loss
Thai AirAsia parent company Asia Aviation widened its second-quarter operating loss — with revenue decline outpacing cost reduction efforts — as the low-cost carrier eyes alternative revenue streams in e-commerce and cargo.
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NewsSpiceJet Q1 losses widen amid India’s second Covid-19 wave
Indian carrier SpiceJet saw its net loss for the first quarter of its 2022 financial year widen to INR7.29 billion, compared with INR 5.9 billion a year earlier.
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NewsVityaz-Aero banned from passenger transport after fatal Mi-8 lake crash
Russian helicopter operator Vityaz-Aero has been temporarily barred from transporting passengers following the fatal Mil Mi-8T accident at lake Kuril on the Kamchatka peninsula. At least eight of the 16 occupants survived the accident. Several fatalities have been confirmed after the Russian emergency services ministry – using a deep-sea vessel ...
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NewsCathay expects demand boost following traffic improvement in July
Cathay Pacific has reported “improvements” in passenger travel demand in July — despite seeing a slight dip in capacity for the month — as it anticipates a further boost to demand in August and September.
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NewsCanada to require air travellers be fully vaccinated
Canada will require all air, rail and marine passengers to be fully vaccinated against Covid-19 by the end of October.
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NewsRomania’s Blue Air breaks new ground with Heathrow-Nice service
Romanian low-cost carrier Blue Air is to launch services from London Heathrow to Nice, a move underlining its intent to both operate from primary airports and to expand outside of its home market.
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NewsGatwick opens lender talks over debt after losses continue in first half
London Gatwick airport has entered talks with lenders to temporarily waive financial covenants after posting a loss of £245 million ($339 million) in the first six months of the year as the Covid crisis continues.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsBangkok Airways narrows losses in challenging second quarter
Bangkok Airways narrowed its second quarter operating loss to Bt493 million ($14.8 million) from Bt2.7 billion a year earlier, as it continued to suffer from the collapse of Thailand’s tourism market amid the coronavirus pandemic.
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NewsAir New Zealand defers equity raise to first quarter of 2022
Air New Zealand will defer a planned equity raise to at least the first quarter of 2022, in accordance with New Zealand’s latest action plan for a phased reopening.
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NewsBrazil’s Azul optimistic about continued recovery
Brazilian airline Azul says business picked up markedly toward the end of the second quarter, and the airline remains positive that the country’s air transport recovery will continue in the coming months.
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NewsTUI cuts summer capacity to 60% as UK restrictions weigh on demand
The European leisure giant had in May suggested that it expected to operate 75% of pre-crisis capacity from July onwards.
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NewsAir Belgium’s first A330neo emerges in carrier’s colours
Air Belgium’s first Airbus A330neo has rolled out in the carrier’s full livery, one of two being acquired by the operator. Airbus has released images of the aircraft following painting, confirming it as MSN1861 – originally assigned to RwandAir through US lessor Air Lease. The twinjet, a -900 variant, is ...
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NewsLufthansa launches 787 flight-training device from L3Harris
German flag-carrier Lufthansa’s training division has emerged as the launch customer for a Boeing 787 fixed flight-training device designed to complement full-flight simulator activity. Lufthansa Aviation Training is acquiring the device from L3Harris Technologies, and is ordering a 787 full-flight simulator as part of the agreement. Both the flight-training device ...
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NewsCovid-19 creates vexing planning environment: Cathay chairman
Cathay Pacific Group chairman Patrick Healy has highlighted the difficulties the coronavirus pandemic poses for planning airline operations.
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NewsCebu Pacific suffers another tough quarter amid Covid-19
Cebu Pacific Air narrowed its second quarter operating loss to P5.8 billion ($115 million), with revenue more than doubling to P3.2 billion from a year earlier.