News from FlightGlobal – Page 377
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NewsBOC Aviation issues Covid-19-related profit warning for 2020
BOC Aviation has kicked off the new year with a heads-up to investors and analysts that its net profit for 2020 could be at least 25% down on the year prior. In a profit warning issued today to the Hong Kong stock exchange, the Singapore-based lessor says it expects net ...
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.
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NewsIAG welcomes UK-EU liberalisation clause as it adapts ownership structure
British Airways and Iberia parent IAG has welcomed the recognition of airline ownership liberalisation contained within the text of the new UK-European Union trade agreement. Ownership has been an issue for IAG during the UK’s withdrawal from the EU, because IAG controls both UK and EU carriers. IAG has been ...
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NewsSwedish debt authority grants guarantee to regional carrier BRA
Sweden’s national debt office has given a guarantee for a SKr200 million ($24 million) loan intended for Braathens Regional Airways. The guarantee covers 90% of the principal for the loan, which will run for five years. Sweden’s government has mandated the debt office to provide the guarantees to mitigate the ...
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NewsIsrair trustee seeks court approval for BGI acquisition
Israeli carrier Israir’s sale trustee has sought formal approval from a Tel Aviv court for the acquisition offer put forward by bidder BGI Investments. BGI Investments is a division of the company Shai Odem, controlled by retail entrepreneur Rami Levy and business partner Shalom Haim. After a drawn-out contest for ...
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NewsIsrair poised to be acquired by retail entrepreneur through BGI bid
Retail entrepreneur Rami Levy appears set to take over Israeli leisure carrier Israir, following a convincing backing of BGI Investments’ offer for the airline in a three-way run-off. BGI had been competing in a final bidding round for Israir against rivals YH Dimri and Dor Alon Energy. Bondholders voted on ...
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NewsWizz Air Abu Dhabi confirms Athens for first flight
Wizz Air’s new Abu Dhabi unit will operate its first flight on 15 January, to Greek capital Athens, part of an initial network of destinations across the Mediterranean and Caucasus regions. Services to another Greek city, Thessaloniki, will begin on 4 February, to be followed in the coming months by ...
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NewsAir China chairman resigns after seven-year tenure
Air China chairman Cai Jianjiang has resigned his position, to be replaced by the airline’s vice chairman and president, Song Zhiyong.
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NewsGovernment urged to direct SAA rescue funds to vaccine resource
South Africa’s political opposition is urging the country’s finance minister, Tito Mboweni, to abandon the R10 billion ($680 million) funding plan to restructure South African Airways and plough the capital into a vaccination programme. The Democratic Alliance has written to Mboweni claiming that the government should “divert” the SAA allocation ...
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NewsUnited calls on US presidential transition team to restore air travel
United Airlines has appealed to advisors of US President-elect Joe Biden to set up a task force that would re-establish air travel as the global coronavirus pandemic leaves carriers to flounder amid continued depressed demand.
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NewsVolga-Dnepr starts restoring An-124 fleet to operation
Russian outsize freight specialist Volga-Dnepr is resuming commercial operations with its Antonov An-124 fleet, a month after suspending use of the type. The operator temporarily withdrew the cargo transporter from service after the 13 November accident at Novosibirsk in which one of its An-124-100s suffered an uncontained engine failure and, ...
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NewsNew China Eastern unit OTT carries out debut flight
China Eastern Airlines’ new Shanghai-based start-up OTT Airlines launched flights on 28 December. The SkyTeam carrier in February detailed plans to launch the carrier, which will operate Comac’s ARJ21 and C919 aircraft on routes in mainland China. Source: China Eastern OTT Airlines launched flights on 28 December 2020 ...
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NewsEmirates considers refitting A380s with new premium-economy cabin
Middle Eastern carrier Emirates has shown off the new premium-economy cabin fitted to its latest Airbus A380, of which the airline took delivery in mid-December. It comprises 56 seats in a 2-4-2 cross-section, with up to 40in pitch, at the front of the A380’s main deck. Each has a 13.3in ...
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NewsAmerican Airlines’ Boeing 737 Max returns to revenue service
American Airlines has become the first US carrier to conduct a revenue flight on the Boeing 737 Max aircraft following the type’s ungrounding last month.
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NewsSecond Alitalia Covid package cleared as earlier state aid probes continue
European competition regulators have cleared a second tranche of Italian aid to national carrier Alitaila as compensation for disruption to travel caused by the pandemic, though its existing state aid probes into Italy’s earlier support for the carrier continue.
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NewsAirAsia agrees to sell 32.7% of Indian carrier to Tata
AirAsia has agreed terms on the sale of a 32.7% stake in its joint venture carrier AirAsia India to the carrier’s existing co-shareholder Tata Sons
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NewsRossiya aims to have nearly 70 Superjets next year
Russian operator Rossiya aims to introduce a fleet of nearly 70 Sukhoi Superjet 100s by the end of next year, as part of a strategic overhaul of Aeroflot Group’s operations. Rossiya says the federal aviation regulator Rosaviatsia has included the Superjet type on the carrier’s air operator’s certificate, ahead of ...
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NewsRyanair restricts voting rights to meet EU ownership after Brexit
Irish low-cost carrier Ryanair is implementing voting-right restrictions on all shares in the company owned by non-European Union nationals from 1 January 2021 to ensure the airline complies with ownership rules once the UK leaves the EU. The measures date back to resolutions put in place in March 2019 to ...
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NewsWizz Air imposes post-Brexit share restrictions to slash non-EU ownership
Central European budget airline operator Wizz Air Holdings is to implement a plan to align its ownership structure to ensure it continues to meet European Union requirements once the UK’s withdrawal from the EU is finalised on 1 January. Wizz Air Holdings says that, if it does not take action, ...