News from FlightGlobal – Page 404
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NewsFinnair predicts positive monthly cash-flow by year-end as it lifts savings target
Finnair has again raised the target for its permanent cost-base reduction, intending to reach a savings figure of €200 million ($237 million) from 2022 compared with 2019 levels. This is the fourth time Finnair has raised the target since it put forward original planned savings of €80 million just over ...
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NewsVietnam Airlines to sell ATR 72 fleet, raise D8 trillion
Vietnam Airlines will sell its fleet of ATR 72s and seek replacement regional jet aircraft, as part of efforts to improve its competitiveness in the regional market.
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NewsWhy visionaries think small electric aircraft can revolutionise regional air travel
If all goes to plan, by this time next year Canadian regional carrier Harbour Air will make history as the first airline to fly paying passengers on an all-electric aircraft.
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NewsThe USA should invest in electric regional aircraft – not high-speed rail
In earlier decades, there wasn’t a workable and environmentally friendly alternative to high-speed rail. That is no longer the case.
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NewsWheels Up becomes public company, raises $650m
US private-aviation services provider Wheels Up became a publicly traded company on 14 July, generating $650 million through a stock offering the company says will help fund accelerated global growth and technology investment.
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NewsIndustry confident of meeting net-zero carbon goal, panel insists, but SAF scale-up is key
Representatives from three distinct industry segments have underlined their belief that aviation can meet its goal of net-zero carbon emissions by 2050, but stress that there is no single route to achieving that aim.
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NewsDelta eyes continued financial recovery in second half of 2021
Delta anticipates its business will continue improving in the third quarter, with revenue and capacity expected to creep closer to 2019 levels thanks partly to strong demand for travel within the USA and to Latin America.
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NewsIATA unhappy as EU proposes tax on aviation fuel
Airline industry association IATA has criticised European Commission proposals to tax the jet kerosene used for intra-bloc flights, suggesting its focus should instead be on other sustainability measures.
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NewsRyanair loses Austrian state-aid case
Ryanair has lost a legal challenge against the provision of financial support to Austrian Airlines on state-aid grounds.
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NewsDelta returns to profit in Q2 with help from US government payroll grants
Delta Air Lines returned to the black posting a $652 million profit in the second quarter, aided by $1.5 billion in US government Covid-19 support,
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NewsAir Astana swings to modest half-year profit
Kazakhstan’s Air Astana Group posted a net profit of $4.9 million for the first six months of 2021, swinging from a loss of $66.2 million in the same period in 2020.
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NewsLock pin inserted in wrong slot before BA 787 on-stand nose-gear retraction
UK investigators have disclosed that ground personnel inserted a Boeing 787-8 downlock pin into the wrong location before the British Airways aircraft suffered an inadvertent nose-gear retraction at London Heathrow. The accident involving G-ZBJB occurred on 18 June at Heathrow stand 583 as the aircraft was being prepared for a ...
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News‘I will not forget the lessors who have treated us badly’: AirAsia chief
AirAsia Group chief executive Tony Fernandes says he has found it “painful” how some unnamed lessors have treated the business during the Covid-19 crisis.
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NewsPremium leisure demand to offset business travel dip in recovery: Walsh
IATA director general Willie Walsh believes strong premium leisure demand will help offset lower levels of corporate travel during the recovery, helping to limit the impact on airline business models. Speaking during a panel session at the virtual Farnborough Connect event on 14 June, Walsh said it was important to ...
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NewsFreighters help Boeing offset collapse in twin-aisle passenger jet orders
Figures at the half-year point clearly illustrate the difference that Boeing’s freighter line has made to the two main airframers’ long-haul order activity following the onset of the air transport crisis. Both Airbus and Boeing have struggled to secure orders for twin-aisle passenger aircraft since the pandemic took hold. Over ...
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NewsKLM adds Bridgetown and Port of Spain as network push continues
KLM will add its first flights to Bridgetown in Barbados and Port of Spain in Trinidad & Tobago this winter in a move which will see the Dutch carrier match the number of Caribbean and South American destinations it flew before the crisis.
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NewsAmerican started accumulating cash in Q2, swung to profit in June
American Airlines says it was profitable during June, the first month it has completed without a loss since December 2019.
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NewsDelta to acquire 29 used 737s and seven used A350s
Delta Air Lines will add 29 used Boeing 737-900ER aircraft and seven used Airbus A350-900s to its fleet as passenger demand returns following the more-than year-long global health pandemic.
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NewsAer Lingus's remaining A350s listed against unidentified customers
Aer Lingus appears to have rejigged the last five A350-900s it ordered, with Airbus reclassifying the aircraft as being assigned to unidentified customers. But the airline is declining to comment on the reasons behind the change. Aer Lingus originally ordered six A350-900s in April 2008, part of an agreement which ...
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NewsHungarian state makes bid for private stake in Budapest Airport
Airport operator AviAlliance is reviewing an offer from the Hungarian Government to the shareholders of Budapest airport.