News from FlightGlobal – Page 337
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NewsUK carrier Jet2 to post loss of up to £385m for pandemic-hit year
UK leisure carrier Jet2 expects to post a group loss of between £375-385 million ($521-535 million) for for the 12 months ended 31 March 2021, a year in which its activities have been heavily curtailed by pandemic travel restrictions.
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NewsFinnair hikes cost-base reduction target for a third time
Finnair is raising a permanent cost-savings target a third time, to €170 million ($205 million), more than double the original figure unveiled last year. The company had stated in May 2020 that it was aiming for €80 million in cost-base reductions from 2022, compared with 2019 levels. Over the next ...
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NewsJAL confirms plan for big investment in Spring Airlines Japan
Japan Airlines (JAL) plans to increase its investment in low-cost carrier Spring Airlines Japan sometime in June.
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NewsANA targets carbon-neutral aircraft operations by 2050
ANA Holdings is aiming to achieve net-zero carbon emissions from aircraft operations by 2050.
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NewsEU approves €462 million of support for TAP Air Portugal
European regulators have cleared a €462 million ($558 million) loan from the Portuguese state to flag carrier TAP, having deemed the support to be within state-aid rules.
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NewsIATA seeks details as Von der Leyen offers transatlantic travel hope
IATA director general Willie Walsh has described as a “step in the right direction” comments from European Commission president Ursula von der Leyen indicating the EU would grant unrestricted access to vaccinated visitors from the USA.
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NewsFinnair restart to be focused on leisure routes
Finnair plans to increase capacity to a host of European holiday destinations and key US markets as it envisages rebounding summer traffic following a successful vaccine rollout.
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NewsANA narrows full-year loss forecast
The parent company of Japanese carrier All Nippon Airways (ANA) has cut its full-year operating loss forecast, following a reduction of variable and fixed costs.
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NewsSingapore-Hong Kong travel bubble set for 26 May relaunch
Singapore and Hong Kong plan to kick off quarantine-free travel arrangements on 26 May, the second attempt since initial plans were scuppered at the eleventh hour.
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NewsSaudia and Gulf Air tighten ties with codeshare
Middle Eastern carriers Saudia and Gulf Air are to enter a co-operation agreement which will include a codeshare between the two airlines. The codeshare will take effect during the summer schedule. Saudia says the tie-up will involve placing its ‘SV’ designator on Gulf Air’s services from Bahrain to Riyadh and ...
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NewsNigeria’s Green Africa brings in ATR 72s for start-up
Nigerian start-up carrier Green Africa Airways has received its first aircraft, an ATR 72-600, at its base in the city of Lagos. Green Africa is taking three ATRs through an agreement with ACIA Aero Leasing, which is part of Mauritius-based ACIA Aero Capital and has leasing offices in several countries ...
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NewsAeromexico seeks to cut Boeing orders, proposes 28 new jets
Mexican carrier Aeromexico intends cut its Boeing 737 Max orders and acquire more 787s as part of a proposed restructured aircraft purchase agreement with the Chicago airframer.
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NewsReservation system outage hits startup Avelo Airlines
US low-cost start-up Avelo Airlines is one of 20 carriers affected by a reservations system outage, leaving the airline unable to sell tickets one week before it plans to begin operations.
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NewsSouth African airline woes continue as Mango reportedly set to pause flights
Low-cost carrier Mango appears to be the latest South African operator to run into financial difficulties amid reports the airline could temporarily suspend flights in May and seek to enter a formal restructuring until it can secure state funds.
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NewsRossiya builds Superjet fleet as Russian domestic market picks up
Aeroflot Group shifted another six Sukhoi Superjet 100s to Rossiya during March, bringing the number transferred to the airline to 14 over the first quarter. Rossiya’s fleet has increased from 67 to 81 aircraft over the three-month period as Aeroflot Group continued implementation of a strategy to use Rossiya as ...
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NewsQantas, Rex chiefs wage war of words — again
The heads of Australian arch-rivals Qantas and Regional Express have again traded barbs in the latest escalation of a bitter dogfight between the two carriers.
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NewsSoutheast Asia a focus of concern: Aircastle
The sluggish recovery of the aviation market in the Southeast Asian region and the knock-on impact on carriers’ ability to pay their rents remains an area of concern for Aircastle, chief executive Michael Ingelese says, emphasising that some airlines are “struggling pretty significantly”.
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NewsDelta orders 25 A321neos, accelerates Airbus widebody deliveries
Delta Air Lines has firmed orders for 25 Airbus A321neos and pulled forward A350 and A330 deliveries, reflecting the airline’s anticipation that passenger demand will accelerate in coming years.
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NewsSouthwest swings to Q1 profit, ‘the worst is behind us’
Southwest Airlines made a profit in the first quarter thanks to federal payroll support payments, but says passenger demand remains “inconsistent by region” as the airline shuffles its fleet to meet fluctuating demand.
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NewsBill to reduce disease transmission on jets targets airworthiness standards
US lawmakers have proposed a union-backed bill that seeks to prevent the spread of disease within the commercial aviation sector, including by changing aircraft certification requirements.