News from FlightGlobal – Page 347
-
NewsIATA calls on Latin American governments to modernise air transport
IATA has unveiled a four-prong plan it says can help make Latin America’s air transport industry more equitable and competitive following the coronavirus crisis.
-
NewsUnited to add 26 domestic routes, increase international flying
United Airlines is adding more domestic point-to-point routes and upping its international flying as US travellers continue to book flights in greater numbers following the year-long global health crisis.
-
NewsAirports body predicts travel surge but warns of $94bn revenue loss in 2021
Airports industry body ACI World expects a “surge” in travel demand during the second half of 2021, but that global passenger numbers will still be down some 47.5% for the full year compared with pre-Covid levels.
-
NewsAustrian to reduce fleet and staffing levels
Austrian Airlines intends to make further cutbacks to its active fleet and headcount, and has warned that it will miss the earnings targets it outlined last year.
-
NewsFinnair signals interest in up to 20 of Heart’s ES-19 electric aircraft
Finnair has signed a letter of interest through which it could acquire up to 20 electric-powered regional aircraft under development by Heart Aerospace. The 19-seat aircraft project, the ES-19, was unveiled by the Swedish-based manufacturer in 2019. Heart Aerospace is aiming to put the aircraft into commercial service in 2026. ...
-
NewsEASA clears 90-seat Dash 8-400 for European operations
European operators of the De Havilland Canada (DHC) Dash 8-400 could soon be carrying up to 90 passengers in the twin-turboprop after the bloc’s regulator approved the modification.
-
NewsAmerican prepays CARES Act loan with $10bn financing proceeds
American Airlines has closed a previously announced $10 billion financing backed by its customer loyalty programme and used a portion of the proceeds to prepay its CARES Act loan to the US Treasury.
-
NewsEl Al unveils full-year losses of more than $530m
Israeli flag-carrier El Al has revealed the extent of the pandemic’s financial damage on the airline, turning in a full-year net loss of $531 million. El Al’s pre-tax loss reached $561 million. The airline’s revenues reached just $623 million for the year to 31 December 2020, a fall of 71%, ...
-
NewsVietnamese airlines seek loans to help them through pandemic
The suspension of international flights amid the coronavirus pandemic will cost Vietnamese airlines D15 trillion in 2021, according to the country’s Vietnam Aviation Business Association.
-
NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
-
NewsALPA sets out policy priorities in white paper
US pilot union Air Line Pilots Association, International (ALPA) is calling on the industry to revisit numerous labour, safety, subsidy and collective bargaining issues that for the past year have taken a back seat to the coronavirus pandemic.
-
NewsStart-up Norse Atlantic plans $152 million private placement
Norwegian long-haul start-up Norse Atlantic is seeking to raise NKr1.28 billion ($152 million) via a private placement and plans to list on Olso’s Euronext Growth exchange.
-
NewsAir Nostrum joins Dante’s effort to electrify regional aviation
Regional carrier Air Nostrum has become the second Spanish airline after Volotea to support electric aircraft developer Dante Aeronautical.
-
NewsAir Baltic’s all-A220 fleet to help it ‘fly out’ of crisis: chief
Air Baltic chief executive Martin Gauss has reaffirmed the carrier’s commitment to an IPO, and expressed confidence that its strategy to become an all-Airbus A220 operator makes it “well-positioned” to emerge from the Covid-19 crisis.
-
NewsWestJet hopes to restore full Canadian network by late June
WestJet intends to restore flights to several cities in eastern Canada in late June, a move meaning the company would again be flying to all the cities in Canada that it served before the pandemic.
-
NewsPilot strike does not free SAS from compensation obligation: court
Scandinavian carrier SAS has lost a European court judgement over passenger compensation in the event of a strike by airline personnel, after a ruling that valid industrial action does not qualify as extraordinary circumstances. The European Court of Justice ruling contradicts a previous finding by Swedish consumer disputes board ARN ...
-
NewsAer Lingus to launch transatlantic flights from Manchester in July
Irish carrier Aer Lingus has confirmed moves to launch its first transatlantic flights from the UK after disclosing plans to begin services from Manchester to New York JFK and Orlando this summer.
-
NewsJetBlue explores possible E190 sale-and-leasebacks
JetBlue Airways has been looking at potentially selling and leasing back 30 owned Embraer 190s as it seeks to transition the aircraft out of its fleet in favour of the Airbus A220, Cirium understands.
-
NewsE195-E2 engine software upgrade ordered after A220 failure incidents
Operators of Embraer 195-E2 twinjets have been instructed to upgrade electronic engine-control software following inquiries into rotor disc failures on Airbus A220s. Both aircraft types use Pratt & Whitney geared-fan engines, and the architecture of the PW1900G powerplant on the E195-E2 is similar to that of the A220’s PW1500G. Investigators ...
-
NewsIAG uses Gatwick slots to secure new $1.8 billion credit revolver
IAG has signed a $1.76 billion revolving credit facility with a syndicate of banks, using take-off and landing slots at both London Heathrow and Gatwick airports as collateral.