News from FlightGlobal – Page 324
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Southwest orders 34 more 737 Max 7s
Southwest Airlines has ordered another 34 Boeing 737 Max 7s, bringing its total Max 7 orders to 234 jets in a move the company says reflects an improving financial outlook.
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European flights reach highest level since September
The number of flights taking place in Europe has reached its highest level since the end of the summer 2020 season, as the continent’s travel markets begin to reopen.
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Spanish operator World2Fly receives first of two A350s
Spanish long-haul start-up carrier World2Fly has taken delivery of its first Airbus A350-900, through US-based lessor Air Lease. The aircraft (EC-NOI) is the first of two A350s which Air Lease will hand over to the carrier. World2Fly is based in Palma de Mallorca and was established last year. “We aspire ...
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Restructuring ‘deemed necessary’ to help Hong Kong Airlines stay afloat
Embattled Hong Kong Airlines (HKA) has hinted at restructuring into a “leaner and more efficient” carrier, as the coronavirus pandemic worsens its shaky financial situation.
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Cathay gets one-year drawdown extension for $1bn loan facility
The Hong Kong government has agreed to extend the drawdown period of a HK$7.8 billion ($1 billion) loan facility for Cathay Pacific Airways by 12 months.
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IndiGo chief strikes confident tone despite huge losses
Indian low-cost carrier IndiGo is optimistic that passenger levels will return to where they were in February by the end of 2021.
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Lufthansa A350 agreement gives Airbus first airline long-haul order this year
Lufthansa’s agreement for five Airbus A350-900s has given the airframer its first long-haul order from an airline this year, although it only increases the German carrier’s firm A350 commitment by two. Airbus’s latest backlog data shows that the airline’s overall A350 order has increased only from 43 to 45 aircraft, ...
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Pandemic shaves $10 billion off African airlines’ revenue: AFRAA
African carriers lost $10.2 billion in passenger revenues last year as a result of the Covid-19 pandemic, and will continue to lose money in 2021, according to a report published by airline association AFRAA.
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Airline CEOs call for reopening of UK-USA travel corridor
The chief executives of the US and UK airlines that offer passenger services between the two countries have joined forces to call for the reopening of transatlantic travel.
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Boost premium economy to offset business-travel decline: HSBC
Europe’s legacy carriers should respond to a reduction in long-haul business class revenues by slashing first class and expanding premium economy, in order to maintain their margins in the post-pandemic era, HSBC has suggested.
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Malaysia’s air traffic slump to continue into next quarter
Malaysia’s air traffic is expected to remain at current low levels for at least the next three months, amid countrywide movement restrictions in place until mid-June.
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Coronavirus hammers IndiGo earnings in 2021
Indian low-cost carrier IndiGo slumped to an operating loss of INR4.6 billion ($63 million) for its 2021 financial year, compared with an operating profit of INR56 billion a year earlier.
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Lessors seeking detail of AirAsia and AAX fundraisings
The restructurings of long-haul low-cost carrier AirAsia X and its short-haul cousin AirAsia are making progress, but lessors have doubts about the carriers’ ability to secure the fresh funds they need to make new business plans work.
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France opens to vaccinated US tourists on 9 June
France will open its borders to vaccinated US tourists next week, provided they bring a negative Covid test result that is less than 72 hours old.
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US and Canadian airlines call for border opening
US and Canadian airlines have appealed to the government of Canadian prime minister Justin Trudeau to ease travel restrictions between the countries, insisting high vaccination rates on both sides of the border make safe travel possible.
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Utair proposes debt-to-equity swap as part of financial restructuring
Shareholders of Russian carrier Utair are to consider a debt-to-equity swap as part of a continuing restructuring of the airline’s finances. Utair says shareholders including AK-Invest and Neft-Consulting as well as carrier group’s own maintenance division Utair Engineering are set to take part in the swap. “The airline’s debts to ...
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Garuda defers periodic distribution under $500 million sukuk
Garuda Indonesia will defer payment of a periodic distribution under its $500 million sukuk trust certificate as it considers “strategic alternatives” to address ongoing challenges amid the pandemic.
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Embraer obtains steep-approach clearance for first E2 variant
Embraer has secured the first steep-approach approval for its re-engined E2 family, with certification of the 190-E2 variant. Steep-approach approval is a condition of operations to certain airports including London City, which has a 5.5° glideslope – an angle nearly twice that of a typical glidepath, even after its reduction ...
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Ethiopian 777-300ER returns to service after steering into Lagos mud
Ethiopian Airlines has returned a Boeing 777-300ER to service after an incident in which the aircraft partially left a taxiway after arriving at Lagos. The aircraft (ET-ASL) had been operating a cargo flight having been temporarily converted to a freighter, says the carrier. It had landed at Lagos as flight ...
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Asia-Pacific 737 Max deliveries resume amid slow road to recertification
Fiji Airways became the first carrier in the Asia-Pacific region to take delivery of new Boeing 737 Max aircraft this year, after Fijian civil aviation authorities lifted the type’s grounding.