News from FlightGlobal – Page 373
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NewsJapan Airlines to acquire up to 100 Vertical Aerospace eVTOLs from lessor Avolon
Japan Airlines intends to lease or purchase up to 50 of Vertical Aerospace’s in-development VA-X4 air taxis from aircraft lessor Avolon.
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NewsThai AirAsia parent to raise capital, adjust shareholding in revised restructuring plans
Thailand’s Asia Aviation is set to inject fresh capital into its low-cost airline unit Thai AirAsia, as part of a broader revised restructuring plan that will see significant changes to both companies’ shareholding structures.
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NewsAeromexico shows improved Q3 in line with industry
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says the airline’s position during the third quarter of 2021 continued to improve in line with the global aviation industry.
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NewsUnited Airlines defies Delta variant dip to post $473m profit in Q3
United Airlines reports a small profit during the third quarter of 2021 as bookings bounced back from a Delta-variant-related dip early in the three-month period.
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NewsUK government SAF pledge welcomed but industry calls for action on cost
A £180 million ($248 million) subsidy from the UK government to stimulate sustainable aviation fuel (SAF) production in the country has been broadly welcomed by the industry, although it is calling for the government to do more to lower the price of the fuel.
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NewsHeathrow charges could rise more than 50% under CAA proposals
UK aviation regulators have set an initial range for London Heathrow airport to increase its passenger charges by between 11% and 56% over the next five years, but rejected the hub’s request for a higher rise to offset losses incurred during the pandemic.
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NewsAs Asia travel recovery commences, China keeps the walls up
As Asia-Pacific tentatively starts opening to international air travel, Beijing’s tough ‘Zero-Covid’ approach means an air travel recovery will be anything but complete for airlines.
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NewsHong Kong quarantines continue to pummel Cathay passenger traffic
Cathay Pacific has cited Hong Kong’s “strict quarantine requirements” as a key reason for low passenger travel demand into the territory.
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NewsAirAsia X proposes creditors take massive haircut: Reuters
Beleaguered long-haul, low-cost carrier AirAsia X proposes its creditors take a 99.5% debt haircut, so that it can restructure MYR33.7 billion ($8.1 billion) in liabilities.
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NewsJD Logistics expects over 100 aircraft by 2030 for cargo carrier
China’s JD Logistics foresees its newly formed cargo airline having at least 100 leased or owned aircraft in its fleet by 2030, the company’s chief executive has told Bloomberg TV.
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NewsIsrael’s El Al enters talks over potential acquisition of Arkia
El Al has entered discussions with fellow Israeli carrier Arkia over a possible business combination, the flag-carrier has disclosed. Under the proposed transaction El Al would acquire Arkia shares in exchange for handing its own securities to Arkia shareholders. El Al has not confirmed the size of the transaction or ...
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NewsAir Madagascar placed under court restructuring
Air Madagascar has been placed under a court-appointed restructuring process, the Indian Ocean island nation’s government has disclosed.
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NewsHot summer prompts Eurocontrol to predict speedier European air traffic recovery
Europe could see flight numbers back at 2019 levels as soon as 2023, according to the latest seven-year outlook report from Eurocontrol, as the air travel recovery gathers pace sooner than previously thought likely.
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NewsNew EU open skies deal with Qatar includes initial capacity caps
European Union regulators have signed an air transport services agreement with Qatar which includes capacity caps in some key markets before full access is implemented in 2024.
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NewsCabin virus transmission risk ‘extremely low’: ICAO conference paper
Risk of coronavirus transmission on board aircraft is lower than that for most other indoor environments, according to a paper presented to a high-level ICAO conference on aviation recovery from the pandemic. The ICAO conference – running from 12-22 October – is aiming to reach a global consensus on a ...
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NewsEurope’s last MD-11 exits Lufthansa Cargo service before sale to Western Global
Lufthansa Cargo’s last Boeing MD-11 freighter completed its final service with the European carrier on 17 October, before its sale to US operator Western Global Airlines.
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NewsJapan clears ANA to switch pilots between A320s and A380s
Japanese operator All Nippon Airways is introducing mixed-fleet flying between the Airbus A380 and A320 family, enabling crews to switch between long- and short-haul operations. ANA will be the first carrier to bring in the capability between the types, following clearance from the Japanese civil aviation regulator. The carrier has ...
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NewsSmartLynx recruits for new in-house line maintenance arm
Wet-lease and charter specialist SmartLynx Airlines is opening a new in-house division for line maintenance, branded SmartLynx Technik, for its Airbus fleet. The division, with bases in Riga and Tallinn, will commence operations in the fourth quarter of this year. SmartLynx says its facilities will be approved by the European ...
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NewsTycoon Lucio Tan to inject nearly Ps13 billion into PAL parent company
Filipino billionaire Lucio Tan is extending Ps12.8 billion ($251 million) in “fresh and additional capital” to the parent company of beleaguered Philippine Airlines.
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NewsAlitalia successor ITA envisions SkyTeam membership
Newly-launched Italian carrier ITA Airways is intending to join the SkyTeam alliance, continuing the allegiance of its predecessor Alitalia. The new carrier initiated operations on 15 October, with an Airbus A320 service from Milan Linate to Bari, and started charter flights with a Milan Malpensa-Rome Fiumicino sortie. Its initial network ...