News from FlightGlobal – Page 357
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NewsGallego sees Air Europa deal more likely to close in late 2021
IAG chief executive Luis Gallego expects completion of the group’s planned acquisition of Spanish carrier Air Europe to be nearer to year-end, having set a second-half target to close the delayed deal.
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NewsIAG to operate 20% of capacity in first quarter after tumbling to €7.4bn loss
British Airways and Iberia parent IAG expects to operate just a fifth of its 2019 capacity in the first quarter after disclosing it swung to a €7.43 billion ($9.1 billion) operating loss last year. IAG posted a €1.47 billion loss for the fourth quarter, a period in which it operated ...
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NewsBangkok Airways posts 69% decline in full-year operating revenue
Bangkok Airways’ losses widened in 2020, as it reports a 69% decline in operating revenue to Bt7.95 billion ($262 million) for the year. Revenue from its airline business, which accounted for 55% of the company’s total revenue in 2020 versus 67% in 2019, was down 70% year-on-year to Bt5.64 billion ...
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NewsAustralian competition watchdog re-authorises American, Qantas joint venture
The Australian Competition & Consumer Commission (ACCC) will re-authorise the joint venture between Qantas Airways and American Airlines across the Pacific.
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NewsColombian civil aviation chief to head ICAO
Colombia’s Juan Carlos Salazar has been named as the new Secretary General of the International Civil Aviation Organization (ICAO).
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NewsThai Airways to sell 10 747-400s as part of rehabilitation plan
Thai Airways International intends to put 10 Boeing 747-400s up for sale as part of its rehabilitation plan and has issued a request for proposals (RFP) to assess interest from buyers.
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NewsHK businessman becomes substantial shareholder of AirAsia Group
AirAsia Group has disclosed that existing shareholder Stanley Choi Chiu Fai is now a substantial shareholder, having acquired a chunk of new shares offered in the first tranche of the company’s private placement.
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NewsDHL to source A321 freighter capacity through SmartLynx
Logistics specialist DHL Express is to introduce a pair of Airbus A321 freighters, to be operated by wet-lease capacity provider SmartLynx Malta. SmartLynx Malta had emerged last year as a customer for A321 freighters from Vallair as it sought to enter the cargo aircraft market. The company has reached a ...
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NewsThree landing jets ‘narrowly’ missed stepladder left on Birmingham runway
UK investigators have disclosed that three aircraft landing at Birmingham airport in darkness narrowly missed a large ladder which had fallen from a maintenance vehicle in the touchdown zone of runway 33. The A-frame ladder, about 2.2m in length, had fallen from a pick-up truck, probably during a sudden acceleration, ...
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NewsSmartwings starts returning 737 Max to service
Czech carrier Smartwings is starting to put its Boeing 737 Max fleet back into service, following European recertification of the twinjet. Smartwings carried out a 1h verification flight with an initial aircraft (OK-SWE) at Prague on 24 February, and completed its first commercial flight with a 737 Max since its ...
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NewsIAG names new Aer Lingus chief
IAG airline Aer Lingus has appointed Lynne Embleton as its new chief executive, effective 6 April, replacing interim head Donal Moriarty.
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NewsSouth Korea grounds PW4000-powered 777s
South Korea has temporarily banned all operations of Pratt & Whitney PW4000-powered Boeing 777 aircraft within its airspace.
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NewsThai Airways plunges to record full-year net loss; faces possible delisting
Thai Airways reported its worst-ever full-year net loss — dragged down by significant one-time costs — as it faces possible delisting from the Stock Exchange of Thailand (SET) because of negative equity.
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NewsAlaska burned $137 million in January amid steady recovery
Alaska Air Group forecasts that revenue for the first quarter will be slightly better than expected yet will still be down 55-60% year on year compared with the first quarter of 2020 before the coronavirus pandemic began.
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NewsAir New Zealand mulls ‘opportunities to adjust’ widebody fleet amid half-year loss
Air New Zealand will take no new aircraft before June as it eyes “opportunities to adjust” its future widebody fleet, including reducing the number of Boeing 777-300ERs and delaying 787 deliveries.
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NewsSAS poised to re-open European summer routes if restrictions ease
Scandinavian operator SAS is preparing to re-open 180 routes for the summer within the Nordic region and Europe, believing that vaccination programmes are set to ease travel restrictions. The airline is continuing to suffer heavily from the air transport crisis, turning in a pre-tax loss of SKr1.94 billion ($234 million) ...
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NewsAirAsia Japan closure has cost group $80 million so far
AirAsia Japan’s closure has cost the Malaysia-based AirAsia Group nearly $80 million over three quarters.
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NewsQantas delays international network restart to end-October
Qantas expects to gradually resume regular international passenger flights by the end of October — about four months later than it had previously projected.
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NewsQantas swings to massive interim loss amid Covid-19 crisis
Qantas swung to an underlying loss before tax of A$1.03 billion for the six months ended 31 December 2020, as the carrier continued to suffer from the collapse in air traffic amid the coronavirus pandemic.
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NewsNorwegian gives update on progress in settling with lessors
Norwegian continues to make progress in settling leases and other contracts with creditors under its Irish restructuring process, but faces opposition from some parties.