News from FlightGlobal – Page 426
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NewsFiji Airways now ‘focused on survival’ after bumper year in 2019
Fiji Airways had a bumper year in 2019, increasing its revenue, profit and passenger numbers despite high-priced fuel, foreign exchange fluctuations and increased competition from major shareholder Qantas, but 2020 saw the airline enter survival mode after the Covid-19 pandemic struck. Group operating profit before tax for the year ended ...
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NewsUkrainian 737 recorders indicate crew survived initial missile strike
Flight recorders from the Ukraine International Airlines Boeing 737-800 shot down over Tehran captured 19s of information after the first missile strike, and revealed discussions in the cockpit on the state of the stricken aircraft. Both the cockpit-voice and flight-data recorder were cut off after 19s and did not register ...
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NewsAirlines walk tightrope on pilot furloughs
Airlines find themselves facing a critical dilemma as they resize their networks for a new post-coronavirus normal, and must walk a tightrope between furloughing pilots and keeping them on staff to maintain their network flexibility, experts say.
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NewsLufthansa ticket refund bill reaches €2.3 billion
Lufthansa Group has disclosed it paid more than €2.3 billion ($2.7 billion) in ticket refunds to almost 5.4 million customers so far this year.
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NewsAirline Business podcast: uncertainties prevail after bleak Q2 results
Graham and Lewis discuss a bleak financial results season, as airlines count the costs of a ruinous April-June period while grappling with a bumpier-than-expected comeback in the current quarter.
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NewsBritish Airways’ union calls for strike action
British Airways staff represented by the Unite union have “overwhelmingly” called for strike action over the airline’s plans for job losses and changes to employment terms.
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NewsHandler Swissport to deleverage under financial restructuring scheme
Ground-handling firm Swissport is set to undergo an extensive restructuring, having obtained a commitment for €300 million ($354 million) in liquidity from creditors. The transaction would take its overall liquidity to €500 million by adding to the €200 million currently available to the company.. This interim funding would ultimately be ...
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NewsVietnamese airlines press PM for liquidity support
Vietnamese airlines have asked the government to set up a credit package of D25-27 trillion ($1.1-1.3 billion) to help see them through the coronavirus crisis. According the Civil Aviation Authority of Vietnam (CAAV), the Vietnam Association of Aviation Enterprises has made a direct appeal to the prime minister’s office. ...
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NewsLessor NAC swings to $639m loss in ‘extremely challenging’ year
Nordic Aviation Capital (NAC) could have delivered its strongest-ever results in fiscal year (FY) 2019/2020, based on first-half performance, had it not been for the Covid-19 pandemic. “The company was on track to deliver its 24th consecutive year of increased profitability; however, as Covid-19 began to surface in early 2020, ...
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NewsBOC Aviation maintains steady profits amid pandemic
Singapore-based lessor BOC Aviation registered a slight increase in its profits in the first half of this year, though its cash collection rate plummeted to the lowest level in more than a decade. The company posted a profit before income tax of $354 million for the six months ended 30 ...
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NewsFastjet shareholder provisionally agrees financial support
African budget operator Fastjet Group has obtained a commitment from its main shareholder, Solenta Aviation Holdings, to underwrite a capital raise of at least $1.5 million, providing the company with much-needed funding. Fastjet Group has been struggling with dwindling cash resources as it copes with flight restrictions in Zimbabwe and ...
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NewsEurowings passengers can pay to keep middle seat free
Eurowings will offer passengers the option of paying extra to keep the middle seat vacant, throughout the entire cabin, on all flights within Europe, after carrying out a “successful” trial of the measure.
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NewsIATA warns that Argentina may delay September air travel restart
Rumours are swirling that Argentina’s government might push back its plan to reopen the country to air travel on 1 September, throwing uncertainty around carriers’ plans to resume operations to the country.
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NewsPegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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NewsAmerican cuts 15 cities from network as government aid expires
American Airlines intends to axe routes to 15 destinations, as it begins trimming its network due to the expiration of government aid and a lack of demand for air travel.
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NewsFirst GE90-powered Boeing 777 flies into retirement
The world’s first GE Aviation-powered Boeing 777 made what is expected to be its final flight today when it was ferried from London Heathrow into retirement by British Airways.
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NewsVueling revises go-around training after Birmingham approach incident
Spanish carrier Vueling has amended simulator training to include high-energy approaches and go-arounds, after investigators probed an Airbus A320 incident at Birmingham which involved two aborted approaches and triggering of angle-of-attack protection. The crew had struggled to reduce the aircraft’s speed after commencing the final stages of the area navigation ...
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NewsIran ATR 72 suffered tail-strike after dual input during flare
Iranian investigators have disclosed that the captain of a landing Iran Air ATR 72-600 intervened to reduce descent rate during the flare, resulting in dual control inputs, but could not avert a hard touchdown. In the moments before the initial touchdown the aircraft was probably subjected to a downdraft, says ...
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NewsQantas A380s could re-enter service in three years: Alan Joyce
Qantas Airways chief executive Alan Joyce expects that the airline will only recover 50% of its international market by its 2022 fiscal year.
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NewsAir Baltic pushes back A220 delivery schedule
Latvian carrier Air Baltic is rescheduling the delivery of its remaining Airbus A220-300 fleet, aiming to complete their introduction by early 2024. The airline, which has taken 22 of its 50 ordered A220s, says it has reached an agreement with the airframer to rejig the delivery schedule for the outstanding ...