News from FlightGlobal – Page 408
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NewsKhazanah banking on Firefly if MAB restructuring fails: report
Malaysia’s regional turboprop operator Firefly could replace its parent as national carrier should Malaysia Airlines fail to reach an agreement with creditors on restructuring plans, the managing director of the country’s sovereign wealth fund Khazanah Nasional has said. “Among the alternative options that can be considered is [that] Khazanah is ...
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NewsJayne Hrdlicka to replace Scurrah as Virgin Australia boss
Virgin Australia chief executive Paul Scurrah will step down from his position following the conclusion of the airline’s sale to Bain Capital. “Over the last 18 months, I have had the great privilege of being the CEO and Managing Director of the Virgin Australia Group,” he says. Source: ...
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NewsVaccine key to full travel recovery: Singapore transport minister
Singapore Transport Minister Ong Ye Kung has offered a cautious outlook for air travel amid the coronavirus pandemic. In an interview with Bloomberg television, Ong described the tradeoff leaders faced in March, when covid-19 was less understood and there was a shortage of testing capacity. Source: Greg Waldron ...
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NewsEastar Jet seeks new buyer with job cuts, restructuring: reports
South Korea’s Eastar Jet is going ahead with plans to cut 605 jobs as part of its efforts to attract a new investor, according to local media reports. Further job cuts are expected following additional restructuring measures, broadcaster KBS World reported on 13 October. Source: Wikimedia Commons An ...
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NewsUnited Airlines reports $1.8bn Q3 loss as revenue falls 78%
United Airlines reported a $1.8 billion loss for the third quarter as it restructured its operations to reflect lower demand following the near-collapse of the passenger aviation industry earlier this year.
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NewsWestJet indefinitely suspends flights to Atlantic Canada
WestJet will cease flying to numerous destinations in far eastern Canada and reduce frequencies to other cities in the region, cutting 80% of seat capacity in that part of the country.
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NewsRussian authority concerned over adequacy of Nagorno-Karabakh safety measures
Russia’s Interstate Aviation Committee has issued a warning over the potential risk to civil aircraft arising from the resurgence in hostilities in the disputed Nagorno-Karabakh region of the Caucasus. The territory, located in south-western Azerbaijan, has been the source of conflict with neighbouring Armenia over the last three decades, notably ...
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NewsTraffic down 80% at major European hubs in September
September figures for Europe’s biggest hub airports show passenger traffic down more than 80% on previous year levels, data for London Heathrow, Frankfurt Airport and Paris Charles de Gaulle reveals. Heathrow, Europe’s busiest airport, on 12 October disclosed its passenger numbers fell 81.5% to 1.26 million in September. Domestic and ...
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NewsEnvironmental pressure will ‘come back swinging’: Finnair chief
An airline’s ability to invest in new aircraft and other measures aimed at mitigating the industry’s environmental impact will become a “differentiating factor” in the future, according to Finnair chief executive Topi Manner.
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NewsCivil aircraft subsidies: EU fails to persuade WTO of case for higher penalties
While the European Union, in its transatlantic civil aircraft subsidy dispute, had sought World Trade Organization authorisation to impose a higher penalty than the $7.5 billion awarded to the US government, it ultimately failed to convince the WTO of its case. Over the course of the long-running dispute the EU ...
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NewsEasyJet’s new finance chief to start on 3 February
EasyJet’s new chief financial officer, Kenton Jarvis, will assume his role at the airline on 3 February 2021. This will be followed by a short handover period with his predecessor, Andrew Findlay, “to ensure a smooth transition”, the carrier states. Source: TUI Kenton Jarvis will take up new ...
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NewsVietnam Airlines warns of big loss for first nine months of 2020
Vietnam Airlines has warned of a consolidated loss of D10.8 trillion ($464 million) in the first nine months of 2020, as the coronavirus pandemic takes its toll on operations. The company adds that it expects consolidated revenues of D23.9 trillion for the first nine months of the year, a quarter ...
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NewsDelta posts $5.4bn Q3 loss, sees bright spots
Delta Air lines reported a third quarter loss of $5.4 billion as the airline begins to regroup following a catastrophic summer brought on by the coronavirus global pandemic.
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NewsDiverse UAE firm claims intention to bid for Israeli carrier Israir
United Arab Emirates-based investors are intending to bid for the Israeli leisure carrier Israir, one of the country’s main operators. NY Koen Group, a diversified holding company located in Dubai, says it will be submitting a bid to purchase the airline. Israir has a mix of Airbus A320 jets and ...
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NewsPorter pushes back restart to December
Canada’s Porter Airlines has pushed back its restart date for the sixth time as ongoing travel restrictions in Canada hamper the industry’s overall recovery in that country.
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NewsBreeze signs sale-and-leaseback deal covering five A220s
Planned US start-up Breeze Airways has signed a sale-and-leaseback agreement with lessor Voyager Aviation for five Airbus A220-300s.
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NewsAviation faces ‘systemic collapse’ without support: ACI and IATA
ACI World and IATA have issued a joint call for non-debt-generating financial support to “prevent the systemic collapse of the aviation industry”. “The Covid-19 pandemic remains an existential crisis, and airports, airlines and their commercial partners need direct and swift financial assistance to protect essential operations and jobs,” says ACI ...
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NewsCapacity ‘will go elsewhere’ if travel restrictions remain: Ryanair chief
The chief executive of Ryanair’s mainline operation has warned the Irish government that the carrier is able to place its aircraft elsewhere in Europe, as he lamented the country’s current restrictions on international travel. Noting that Ireland does not have a state-owned flag carrier, Eddie Wilson states on Ryanair’s new ...
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NewsFormer Wizz deputy chief to lead Canadian budget carrier Flair
Canadian low-cost carrier Flair Airlines has named former Wizz Air deputy chief executive Stephen Jones to lead the company. He will replace Flair’s outgoing president and chief executive Jim Scott, who will remain a shareholder of the airline. Source: Flair Airlines Jones served as deputy chief executive at ...
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NewsLufthansa shifting A350s to Frankfurt to take over 747 routes
Germany’s Lufthansa is to shift a batch of Airbus A350-900s to Frankfurt, where they will take over routes operated by Boeing 747-8s. Lufthansa has so far focused A350 deployment exclusively on its Munich hub. The airline has 43 of the twinjets on order and has received 16 of them. Four ...