News from FlightGlobal – Page 385
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NewsJAL 777-200 engine loses panel, suffers blade damage after takeoff
Japanese authorities are investigating a significant engine failure aboard a Japan Airlines Boeing 777-200, which involved the loss of large panel and fan blade damage.
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NewsNorwegian start-up carrier to be branded ‘Flyr’
Entrepreneurs have revealed ‘Flyr’ as the brand name for the new Norwegian airline which aims to commence services in the first half of 2021. The airline is being established by a team including industry specialist Erik Braathen as well as pilots from a number of Scandinavian carriers. Flyr is intended ...
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NewsBGI leads race for Israir as bidders continue to tweak offers
Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee has put ...
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NewsOpportunistic Wizz eyes UK leisure market chance
Wizz Air’s move to launch leisure routes from Cardiff airport next summer marks a further demonstration of how its UK unit is pivoting to take advantage of opportunities that have emerged in the past year.
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NewsUS airlines hike Q4 cash burn estimates
US airlines are warning that exploding coronavirus case counts across the country have sparked a new wave of cancellations which will negatively affect their business in the current quarter, including expectations of higher-than-previously-forecasted cash burn.
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NewsNorwegian tests debt-for-equity appetite again in bid for funding
Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt at market price, and seek approval for a NKr4 billion ...
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NewsRyanair cements Italian presence with Venice Treviso base
Low-cost carrier Ryanair is to open a base at Venice Treviso airport in March, the airline’s 15th in Italy. Ryanair will base two aircraft there from 30 March, adding 18 new routes from the airport in the process. That will take to 45 the number of services it will operate ...
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NewsJoint bidders interrupt Israir sale with late acquisition offer
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. Their submitted ...
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NewsAlliance Aviation expects better H2 earnings on charter ops
Alliance Aviation expects to report a A$26 million ($19 million) underlying profit before tax for the July to December period, attributing it to robust contract and charter operations in the resource sector. This compares with A$15.5 million in the year-ago period, while approximately A$7.5 million in government grants under the ...
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NewsSouthwest warns 6,828 employees of impending job losses
Southwest Airlines has warned 6,828 employees that their jobs may be at risk, the first large-scale involuntary furlough scheme at the company since the beginning of the coronavirus crisis.
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NewsRyanair follow-on Boeing 737 Max order to drive return to growth
Ryanair expects to have around 80 Boeing 737 Max 8-200s in its fleet for summer 2022, enabling the carrier to return to growth following the heavy drop in traffic resulting from the global pandemic. The European low-cost carrier today placed another eye-catching Boeing order, becoming the first airline to sign ...
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NewsDelta introduces contact tracing for international travellers
Delta Air Lines is the first major US carrier to introduce contact tracing for passengers arriving from overseas.
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NewsDelta wins Decade of Airline Excellence Award for North America region
Recipient of the Decade of Airline Excellence Award for the North America region, sponsored by Pratt & Whitney, and the overall winner.
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NewsGulf Air to open Tel Aviv link and explore El Al codeshare
Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum of ...
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NewsRyanair orders 75 more Boeing 737 Max jets
European low-cost carrier Ryanair has ordered 75 more Boeing 737 Max aircraft, lifting its firm commitments to the type to 210.
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NewsEl Al persuades ministry to advance security expenses
Israeli flag-carrier El Al has been granted a degree of financial relief after the government agreed to provide advance payment to the airline for expenditure on security services. El Al says the ministry of finance has agreed to the request for advance payment of $15 million for security expenses over ...
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NewsGulf Air and IAI seal maintenance pact after Bahrain-Israel tie-up
Normalisation of diplomatic relations between Bahrain and Israel has led to a new maintenance agreement under which Gulf Air aircraft will undergo line maintenance from Israel Aerospace Industries. IAI states that its Aviation Group will offer a “comprehensive technical response” to all Gulf Air aircraft landing at Tel Aviv’s Ben ...
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NewsSAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up to ...
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NewsSAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a couple ...
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NewsRyanair wins Decade of Airline Excellence Award for Europe region
Recipient of the Decade of Airline Excellence Award for the Europe region, sponsored by Cirium.