News from FlightGlobal – Page 401
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NewsAir France-KLM laments fresh lockdown as Q3 loss tops €1bn
The new lockdown imposed by the French government amid rising cases of coronavirus across the region will weigh on Air France-KLM’s performance through the fourth quarter of this year.
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NewsIndian govt sweetens Air India sale terms, extends bid deadline
The Indian government has changed the rules for the Air India bidding process and again extended the timeline, hoping to garner more interest in a sale of the carrier. The government is now inviting bids at enterprise value, on an equity and debt basis, civil aviation minister Hardeep Singh Puri ...
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NewsJAL to reduce 777 fleet amid swing to steep first-half loss
Japan Airlines will retire up to 24 of its Boeing 777 aircraft over the next three years, as it battles the coronavirus crisis that saw it rack up significant losses for its half-yearly results. Elaborating on its future fleet plans, the Oneworld carrier states that 11 777-200ERs used in its ...
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NewsIndiGo will continue to honour all lease payments: CFO
IndiGo will continue to honour all of its lease rental payments to lessors and has not been delaying any payments, the carrier’s chief financial officer said in a 29 October earnings call. “We are current on all our lease costs and there is no renegotiation to reduce the lease costs. ...
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NewsIndiGo posts $160 million loss in Q2 FY2021
IndiGo has posted a loss from operations before exceptional items and tax of Rs11.9 billion ($160 million) for the second quarter of the 2021 fiscal year ended 30 September as it focuses on managing the Covid-19 crisis and looks towards the “promise of the future”. The Gurugram-based carrier’s net losses ...
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NewsBritish Airways parent IAG takes €275m charge for staff cuts
IAG has recorded exceptional charges of €275 million ($321 million) in the third quarter relating to staff restructuring at British Airways and Aer Lingus. The parent company says the restructuring corresponds to a reduction of 10,000 in employee numbers, of whom over 9,000 had left by the end of September. ...
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NewsDelta and its pilot union reach agreement to avoid furloughs
Delta Air Lines has reached a tentative deal with its pilot union to avoid furloughs at the Atlanta-based carrier until 2022.
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NewsEmbraer tweets picture of conceptual turboprop, hints at potential design
Embraer has released an image of what appears to be a conceptual turboprop aircraft with a fuselage seemingly borrowed from the company’s E-Jet.
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NewsSpirit Airlines reports Q3 loss, anticipates more end-of-year travel
Spirit Airlines reports lower third-quarter results and is preparing for a significant upturn as leisure travellers look to the end-of-year holidays to begin to alleviate their pent-up demand for cheap, safe travel to visit family and friends.
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NewsRossiya sets up pilot corps to prepare for Superjet 100 operations
Russian carrier Rossiya has established a new flight unit which will second pilots from parent Aeroflot Group to operate Sukhoi Superjet 100s on its network. Rossiya uses a mix of Boeing 747s and 777s for its long-haul services, as well as Boeing 737s and Airbus A320-family jets for short-haul operations. ...
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NewsGovernment defends public funding of SAA rescue plan
South Africa’s government has defended its R10.5 billion ($640 million) funding of South African Airways’ rescue plan, insisting that the financing will help finalise the restructuring and assist the selection of a strategic equity partner. It is dismissing criticism of the plan from the Democratic Alliance, its political opposition, claiming ...
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NewsAirbus delivers first A330-800s with handover to Kuwait Airways
Airbus has delivered its first A330-800s, both aircraft being handed over to Middle Eastern operator Kuwait Airways. The -800 is the smaller of the two A330neo family members. Kuwait Airways had ordered eight of the twinjets, powered by Rolls-Royce Trent 7000 engines, in late 2018 as part of a deal ...
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NewsEU targets common protocol for Covid testing of travellers
The European Commission is preparing common passenger testing, quarantine and tracking practices for member states to help ensure safe travel as it battles the Covid-19 pandemic. “Free movement within the EU and the border-free Schengen area are prized achievements of European integration – the Commission is working to ensure that ...
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NewsAirbus acknowledges ‘white-tails’ among inventory of stored aircraft
Airbus has acknowledged that its inventory of undelivered aircraft includes a number of ‘white-tails’, but stresses that the proportion is relatively small. The airframer put the undelivered total at 135 by the end of September, down from 145 at the end of June, although it has not specified the extent ...
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NewsAirbus shifts timeline for potential A320neo ramp-up to third quarter 2021
Airbus has shifted the timeframe for a potential ramp-up of single-aisle production to the beginning of the third quarter of 2021. Speaking during a third-quarter briefing, Airbus chief executive Guillaume Faury said the airframer had “pushed to the right” the possible starting point to raise production – from the second ...
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NewsAirbus cuts undelivered aircraft to 135 as production converges
Airbus has reduced to about 135 the number of aircraft it has been unable to deliver as a result of the air transport crisis. The airframer insists it has managed, over the third quarter, to achieve convergence between production and deliveries. Airbus recorded €1.2 billion ($1.4 billion) in charges over ...
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NewsAllegiant Q3 results up as the airline is “flirting with break-even”
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, is “flirting with break-even” as point-to-point leisure travel rebounds faster than other parts of the aviation industry after it came to a near-standstill earlier this year.
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NewsKLM Cityhopper seeks EASA backing for virtual-reality pilot training
KLM’s regional Cityhopper division is exploring whether it can obtain European safety authority certification for virtual-reality pilot training. The regional operator is interested in pursuing European Union Aviation Safety Agency approval for the training, which will initially complement its regular training programmes. Cityhopper says the virtual-reality scheme could then start ...
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NewsSouth Africans urged to boycott SAA over government bailout
South African citizens are being urged to boycott flag-carrier South African Airways by an anti-maladministration organisation which focuses on the country’s state-owned enterprises. The Organisation Undoing Tax Abuse has sharply criticised the South African finance ministry’s bailout of SAA in its mid-term budget, after months of uncertainty over the sourcing ...
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NewsRyanair to suspend service from all Irish airports except Dublin
Ryanair will temporarily cease operations from all Irish airports except Dublin for a one-month period, blaming government “mismanagement” and a “complete collapse in travel demand”.