News from FlightGlobal – Page 430
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NewsIcelandair cuts back 737 Max order as part of final settlement
Icelandair Group is cutting four Boeing 737 Max jets from its order commitment and revising deliveries of the remaining six as part of a final settlement with the airframer over Max disruption. The company has detailed the settlement after concluding a series of agreements with creditors and stakeholders essential for ...
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NewsCathay plunges to record HK$8.7 billion loss in ‘most challenging’ first half
Cathay Pacific Group reported a staggering operating loss of HK$8.7 billion ($1.13 billion) for its half-year financial results, in what its chairman called the “most challenging” period for the group in its 70-year history. Cargo proved to be the sole bright spot for the troubled group, which in recent months ...
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NewsThai AirAsia posts big operating loss amid broader group woes
Thai AirAsia’s dismal financial performance in the second quarter underlines the devastating impact of coronavirus for the AirAsia Group. Thai AirAsia parent Asia Aviation saw its operating loss for the quarter ended 30 June more than double to Bt1.8 billion ($58 million), from Bt798 billion a year earlier. Revenue fell ...
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NewsEVA Air hints at changes to 787 orderbook
EVA Air has entered negotiations with Boeing about its remaining 787-10 orders, hinting at a possible deferral or cancellation of some aircraft. The Star Alliance carrier says it is doing so “in response to changes in market demand and continuous optimisation of…network and fleet”, as a result of depressed travel ...
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NewsOver 6,000 SIA staff have taken unpaid leave since March
More than 6,000 Singapore Airlines Group employees, including ground staff, pilots and cabin crew have taken varying days of unpaid leave since they were first offered to do so in March. Singapore Airlines tells Cirium that the leave starts from a minimum of seven days and that more than 1,700 ...
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NewsMesa bets on Cargo as operating profit falls 12%
Mesa Air Group reported a $15 million operating profit during the third quarter despite the travel downturn during the coronavirus pandemic.
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NewsATR tweaks margins to enhance stall protection during ice escape
ATR turboprop operators are being instructed to tweak the speed margins in the aircraft’s flight manual to provide better sufficient protection against stall risks in icing conditions. The potential for performance degradation and stall during severe icing has long been a concern, particularly since the October 1994 accident involving an ...
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NewsCourt clears Irish regional CityJet to exit examinership
An Irish High Court has cleared Irish regional carrier CityJet to leave the formal financial restructuring process it entered in April as the coronavirus crisis struck.
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NewsJet2 parent has ‘sufficient liquidity’ for a year without flights
UK leisure carrier Jet2’s parent company Dart Group has concluded from a modelling exercise that it would have “sufficient liquidity” for a scenario in which no flights could be operated until August of next year.
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NewsA350-900 operators alerted to Trent XWB-84 blade cracking
Rolls-Royce is attempting to reassure investors and operators of the Airbus A350 over the impact of the latest durability problem to hit its Trent widebody engine family.
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NewsOverrun risk underlined after third similar EasyJet take-off incident at Lisbon
UK investigators have disclosed that a third EasyJet take-off incident at Lisbon last year, under near-identical circumstances as the previous two, resulted in the Airbus A320 lifting off just 110m from the runway end. The incident, relating to performance calculation confusion, occurred on 16 September last year, shortly before a ...
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NewsArkia poised to resume services after funding agreement with owners
Israeli leisure carrier Arkia’s backers have agreed to inject additional funds into the airline to enable it to restore operations. The agreement comes some five month after the airline halted almost all activity and furloughed over 500 personnel. Israeli trade union organisation Histadrut says the Nakash brothers, who own the ...
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NewsGreater Bay Airlines applies for AOC in Hong Kong
A new carrier hoping to set up in Hong Kong, Greater Bay Airlines, has applied for an air operator’s certificate. The AOC application was submitted in July and is being processed, Hong Kong’s Civil Aviation Department says in a statement to Cirium, without giving further details. If successful, the airline ...
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NewsTUIfly returns more than half its 737s to service
German leisure carrier TUIfly has reactivated more than half of its fleet since restarting regular flights on 15 June.
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NewsAir Arabia dragged to half-year loss as second quarter revenues collapse
Air Arabia recorded a net loss of Dhs239 million ($65 million) in the second quarter as the pandemic virtually wiped out passenger revenues during the period and dragged the low-cost carrier into the red for the first-half.
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NewsIndiGo aims to raise up to Rs40bn through equity placement
Low-cost carrier IndiGo’s parent Interglobe Aviatoin has outlined plans to raise up to Rs40 billion ($533 million) through a planned institutional placement.
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NewsAirAsia X carried fewer than 2,300 passengers in second quarter
Long-haul low-cost carrier AirAsia X carried only 2,291 passengers during the three months ended 30 June.
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NewsWizz explains diversity rationale behind cabin crew-to-pilot initiative
While the air transport downturn is triggering pilot reductions at multiple airlines, budget carrier Wizz Air is persisting with a new training scheme for cabin crew who want to pursue a career in the cockpit. Wizz plans to start its first course around November-December, with a target of 20 cabin ...
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NewsQantas raises only $51.4 million with share-purchase plan
Qantas has raised only A$71.7 million ($51.4 million) from a share-purchase plan (SPP) intended to raise as much as A$500 million, according to a 10 August filing to the Australian Securities Exchange.
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NewsMoscow airports top European traffic in pandemic-hit first half
Moscow Domodedovo airport was Europe’s busiest airport for passenger numbers during June, a month in which the impact of the global pandemic was further illustrated by London Heathrow falling outside the top 10 biggest airports during that time.