News from FlightGlobal – Page 376
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NewsEl Al names former Avgol executive as new finance chief
Israeli flag-carrier El Al has named Yitzhak Eliav as its new chief financial officer, following the departure of Dganit Palti last year. He took up the post on 4 January, the airline states. Eliav was formerly the head of finance and vice-president of operations at Avgol Industries, a specialist manufacturer ...
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsVietnam Airlines to raise $350m equity from shareholders
Vietnam Airlines plans to issue D8 trillion ($350 million) worth of ordinary shares for sale to existing shareholders to supplement working capital and pay down debt.
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NewsDelta to install new wi-fi portal in 300 of its narrowbody jets
Delta Air Lines has inked a partnership with communications company Viasat that will deliver a new branded high-speed wi-fi portal to passengers on more than 300 of its narrowbody aircraft.
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NewsAmerican, Alaska ban emotional support animals inside the cabin
American Airlines and Alaska Airlines are shutting down the practice of bringing so-called “emotional support animals” (ESAs) into aircraft cabins, after the US Department of Transportation (DOT) last month gave passenger carriers the right to ban them.
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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NewsAir India sale delayed as government scraps shortlist deadline
India’s government has hit another stumbling block in its years-in-the-making sale of flag carrier Air India. The timeline for the sale is now uncertain after the government decided against informing bidders today as to whether they had been shortlisted. Source: Boeing It had previously stated that it ...
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NewsEasyJet restricts voting power of shares held by non-EU interests
Budget carrier EasyJet has started suspending voting rights for certain shares which are still held by non-European Union interests, in order to comply with EU ownership regulations. EasyJet holds an EU operating licence and, as a result, needs to be majority-owned by EU and associated nationals. But EasyJet’s shareholder structure ...
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NewsRyanair, Wizz ended 2020 with traffic still in the doldrums
Low-cost carriers Ryanair and Wizz Air saw another month of heavy traffic decline in December, as respective passenger numbers fell by 83% and 80% against the same month in 2019.
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NewsGulf blockade on Qatar could ease as Saudi Arabia opens airspace
There are signs that a long-running multinational blockade by Arab states against Qatar might be easing, after an agreement was reached to open airspace and other borders between Qatar and Saudi Arabia. The agreement has been disclosed by Kuwaiti foreign affairs minister Ahmed Nasser Al-Muhammad Al-Sabah, on the eve of ...
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NewsQantas eyes international network restart in July, amid government criticism
Qantas is looking to restart international flights from July, in a move that has earned the rebuke of the Australian government.
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NewsT’way to acquire A330s for long-haul expansion
Korean low-cost carrier T’way Air has signed a Letter of Intent to acquire Airbus A330-300s, as it looks to tap into the medium- to long-haul market.
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NewsAsiana appoints new chief in ‘significant’ reshuffle ahead of acquisition
Asiana Airlines has reshuffled its senior leadership team in a move to “revitalise” the carrier, which will see a new chief executive appointed and seven positions cut.
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NewsDelta sells seven Boeing 767-300ERs to Amazon Air
Amazon Air has purchased seven Boeing 767-300ERs from Delta Air Lines, growing its fleet as the shortage of cargo capacity during the coronavirus pandemic increases opportunities to generate revenue from air freight.
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NewsIATA blasts Canada’s new testing rule for inbound air passengers
Airlines trade group IATA has blasted the government of Canada after it imposed new travel restrictions on inbound air passengers beginning later this week.
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NewsGovernment reinforces Air Serbia as turbulence rocks Balkan carriers
Serbia’s government has reinforced its position in flag-carrier Air Serbia, as the air transport system of the former Yugoslavia continues to suffer with the collapse of Montenegro Airlines. Air Serbia emerged in 2013 as the former Jat Airways – a successor to Yugoslav operator JAT – underwent a revamp through ...
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NewsCourt approves BGI’s planned acquisition of Israir
Israeli carrier Israir’s sale trustee has received court approval for BGI Investments’ planned acquisition of the airline, following a drawn-out bidding contest. The Tel Aviv district court has granted approval after Israir bondholders backed the BGI bid and rejected those of two competing suitors. All three had been ordered, in ...
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NewsAirAsia X contests BOC Aviation’s enforcement of UK court order
AirAsia X is seeking to nullify BOC Aviation’s efforts to enforce a UK court judgement in the High Court of Malaya in Malaysia, where the airline group is based. “As an update, the company wishes to announce that the company had on 14 December 2020, filed and served on the ...
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NewsChina Airlines closes chapter on 747 passenger operations
China Airlines will phase out the last of its passenger Boeing 747-400s by early 2021, becoming the latest carrier in the region to retire the type, which it has operated for more than 30 years.
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NewsIndiGo investigates data breach involving ‘internal documents’
India’s biggest airline by fleet size IndiGo has said that some of its internal documents may have been compromised by hackers. In a 31 December filing to the BSE, the carrier said that “some” of its servers were hacked in December. While it was able to restore ...