News from FlightGlobal – Page 335
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NewsAir New Zealand, Air China renew partnership
Air New Zealand has extended its strategic alliance partnership with Air China for another five years, as both carriers reiterated their commitment to work together as the airline industry recovers from the coronavirus pandemic.
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NewsSingapore Airlines secures S$2 billion in sale-and-leasebacks
Singapore Airlines has raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft.
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NewsFlydubai counts full-year cost of crisis disruption and Max grounding
Middle Eastern carrier Flydubai has turned in a full-year loss of Dhs713 million ($194 million), but believes its business fundamentals remain strong. The airline’s revenues halved to Dhs2.8 billion in the 12 months to 31 December 2020. Flydubai says its operations were “severely curtailed” for 14 weeks, from 24 March ...
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NewsPIA outlines latest restructuring plan to return to profitability
Pakistan International Airlines (PIA) has confirmed that a restructuring plan is in place to return the airline back to profitability, though the coronavirus pandemic has delayed some of these plans.
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NewsUS extends mask mandate in airports, aircraft
The US Transportation Security Administration (TSA), the government agency responsible for security screenings across 450 commercial airports, has extended a mandatory face mask requirement by four months.
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NewsIcelandair Group reaches tentative agreement to sell tour operator
Icelandair Group and tour specialist Nordic Visitor have reached a heads-of-terms agreement over the sale of the group’s entire shareholding in tour operator Iceland Travel. The company, which wholly-owns Iceland Travel, disclosed earlier this year that it would divest the division as part of its focus on core flight operations. ...
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NewsPressured Mango to continue flights into May
Troubled South African low-cost carrier Mango Airlines has confirmed it will continue operations into May despite concerns over its ability to meet a reported end-April payment deadline set by creditors.
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NewsCommercial aircraft market should reach equilibrium by 2023: Udvar-Hazy
The commercial aircraft market should return to something more like its historical balance by 2023, following an accelerated retirement and replacement cycle, in the view of Air Lease executive chairman Steven Udvar-Hazy.
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NewsFlybe secures Heathrow slots for Scottish services
Reborn UK regional carrier Flybe has secured 86 summer-season slots at London Heathrow airport that it plans to use for services to Edinburgh and Aberdeen in Scotland.
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NewsPanasonic sees lockdown influence in streaming lift from unlimited Wi-Fi trial
Panasonic Avionics is highlighting a greater propensity for passengers to stream content as one of the learnings from a recent airline trial offering unlimited Wi-Fi connectivity onboard.
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NewsANA forecasts profit return for year ahead after pandemic losses
All Nippon Airways’ (ANA) parent company expects to swing back to profitability for the current business year, on the back of air travel recovery helped by an improving global economy and vaccine rollouts.
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NewsAirbus parks second Beluga as larger XL variant takes over
Airbus has parked a second A300-600ST Beluga transport following the introduction of the higher-capacity BelugaXL. The airframer withdrew one of its five -600STs – the Beluga 2 aircraft, F-GSTB – last October, placing it into temporary storage. Airbus tells FlightGlobal that it has similarly stored another aircraft, Beluga 1 (F-GSTA), ...
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NewsChina’s ‘Big Three’ still in the red, though quarterly losses narrow
China’s three largest airlines warned that they were far from being out of the woods, despite narrowing their losses and a pickup in passenger traffic.
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.
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NewsJetBlue takes delivery of its first A321LR
JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic service later this year.
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NewsGlimmers of optimism for US MRO sector, recovery pace unclear
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand.
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NewsProfitability will return with business and long-haul travel: United’s Kirby
United Airlines’ chief executive Scott Kirby says that the carrier will not turn a profit until business travellers and long-haul international travellers return in greater numbers.
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NewsCargo proves strong as Icelandair awaits passenger traffic recovery
Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached $57.3 million, a decline of 73%, but the company points ...
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NewsGol sees bookings rise as Covid cases recede
Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans.
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NewsNorwegian aims to fly 50 aircraft this year, once restrictions lift
Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year.