News from FlightGlobal – Page 398
-
NewsFresh lockdown prompts British Airways to suspend Gatwick flights
British Airways is suspending flights at London Gatwick airport as a result of the fresh national lockdown in the UK which took effect today. The Oneworld carrier, which consolidated flights at London Heathrow airport during the first wave of the pandemic earlier this year, says it is reducing flights at ...
-
NewsUK fraud investigators probe Bombardier over Garuda Indonesia deals
UK fraud investigators are probing aircraft manufacturer Bombardier over contracts relating to Asian carrier Garuda Indonesia. The Serious Fraud Office states that it is investigating the manufacturer over “suspected bribery and corruption” in connection with orders or agreements with Garuda. It has not elaborated on the probe, pointing out that ...
-
NewsLufthansa outlines long-haul fleet plan for Eurowings
Lufthansa Group foresees that Eurowings will operate no more than seven long-haul aircraft in 2021 amid plans for the low-cost subsidiary’s intercontinental operations to be consolidated in new unit Ocean.
-
NewsIberia deploys first converted Airbus A330 freighter
Iberia has put its first converted Airbus A330 freighter into service, operating on flights between Madrid and Los Angeles.
-
NewsNorwegian debt-equity swap follows 90% fall in October traffic
Scandinavian low-cost carrier Norwegian has converted another €1.7 million ($2 million) of debt into equity after perpetual bondholders agreed to swap loans for shares. The bonds are being converted into nearly 4.6 million new, freely tradeable shares in the company, states Norwegian in a 5 November notice to the Oslo ...
-
NewsWizz maintains focus on A321neo as fleet expansion slows
Wizz Air’s latest fleet plan projects a slower overall increase in the number of aircraft, compared with the beginning of this year, but with a focus on expanding the A321neo rather than the A320neo fleet. At the beginning of 2020, before the onset of the air transport crisis, the carrier ...
-
NewsAir cargo demand helps Korean to Q3 operating profit
Air cargo demand helped Korean Air eke out an operating profit of W7.6 billion ($6.5 million) in the third quarter — its second consecutive profitable quarter since the coronavirus struck — but its overall revenue was down more than half from a year earlier. The W7.6 billion operating result for ...
-
NewsLufthansa to scale winter capacity back after further losses in third quarter
Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion).
-
NewsRex takes its first 737-800
Australia’s Regional Express (Rex) has taken delivery of its first of six Boeing 737-800 aircraft, as it mulls taking up to 10 examples by the end of 2021. The aircraft, stripped of its previous livery save for a ring of red round the engine nacelles, arrived in Sydney on 5 ...
-
NewsWizz Air confident of surviving worst-case winter
Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year. Wizz Air turned in a net loss of €243 million ...
-
NewsThai puts 34 aircraft on sale, including entire 747 fleet
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that 34 aircraft from its fleet will be put up for ...
-
NewsAirAsia X makes creditor status concession to Malaysia Airports
AirAsia X (AAX) has agreed to classify Malaysia Airports as a secured creditor, as it seeks to expedite its massive debt restructuring programme. “After consultation, AirAsia X has accommodated [Malaysia Airports] and made certain clarifications and revised the scheme under two separate classes ’A’ and ‘B’,” says the carrier in ...
-
NewsTigerair Taiwan gets capital boost from parent China Airlines
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair Taiwan, bringing its total shareholding to nearly 76%. ...
-
NewsPandemic shakes banks’ trust in state support of flag carriers
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected Asian governments to be more supportive of their airlines and ...
-
NewsTurkish A350s quietly begin operations as crisis saps profits
Turkish Airlines has been operating its newly-delivered initial pair of Airbus A350-900s on domestic routes, but has yet to confirm a schedule for the remaining aircraft. The airline had 25 A350s on order but, while it had been intending to take five this year, the carrier has not detailed the ...
-
NewsBrazil’s Gol reports Q3 loss, sees important recovery metrics
Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of industry improvement, as leisure passengers return to air travel.
-
NewsNok Air green-lit to pursue restructuring
Nok Air has gained court approval to restructure under a business-rehabilitation process. In a 4 November notice to the Thai stock exchange, Nok chief executive Wutthiphum Jurangkool states that the central bankruptcy court has “ordered granting the company to be in business rehabilitation”. Source: Nok Air The 737-800 ...
-
NewsAirline passenger demand ‘hit wall’ in September: IATA
Weak international travel demand continued to weigh heavily on the airline industry’s performance in September, according to the latest data from IATA.
-
NewsQatar Airways activates Boeing 787-9 fleet
Qatar Airways has begun operating its Boeing 787-9 fleet, putting four of the long-haul twinjets into service.
-
NewsGerman carrier Sundair in restructuring under ‘protective shield’
Sundair has launched a restructuring process under a ‘protective shield’ procedure that enables the German leisure airline to continue operations. It tells Cirium that the process, enshrined in German legislation, is not an insolvency procedure, but rather applies to companies that “recognise business problems at an early stage” and have ...