News from FlightGlobal – Page 441
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NewsVirgin Atlantic eyes profit from 2022 after sealing vital £1.2bn refinancing
Virgin Atlantic has finalised a £1.2 billion refinancing package over the next 18 months.
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NewsDelta posts huge second-quarter loss as pandemic takes toll
Delta Air Lines posted an adjusted pre-tax loss of $3.9 billion for the second quarter, even before fleet restructuring costs and investment write-downs widened its overall coronavirus crisis losses incurred for the period.
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NewsAirline Business podcast: Challenges as airlines return to skies
As airlines begin to ramp up operations, Graham and Lewis discuss the demand situation and the possible pitfalls ahead.
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NewsVirgin Australia bondholders drop challenge to Bain Capital sale
A group of Virgin Australia bondholders, represented by two fund managers, have withdrawn their application to the Australian Takeovers Panel to challenge the airline’s sale to Bain Capital.
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NewsWizz Air’s Abu Dhabi division sets out initial route network
Wizz Air’s new Middle Eastern operation is to focus initially on the eastern Mediterranean and Caucasus when it commences services in October. The new venture, Wizz Air Abu Dhabi, will station two Airbus A321neo in the United Arab Emirates capital. But this fleet will be expanded to six aircraft in ...
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NewsGovernment tries to divide SAA pilots as creditor vote looms
South Africa’s government is appealing to individual South African Airways pilots to break from their union’s position and accept voluntary severance packages, as the beleaguered airline faces a critical creditor vote on its proposed rescue. Cockpit union SAAPA has put forward alternative proposals intended to reduce retrenchments and increase the ...
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NewsJapan to suffer heaviest revenue hit among APAC countries: IATA
Japan, Australia, India and South Korea are the Asia-Pacific countries that will see the worst revenue impact from the Covid-19 pandemic, running into tens of billions of dollars, IATA has predicated. In providing a country-by-country breakdown, IATA reiterates its 9 June forecast that Asia-Pacific, as the first region to feel ...
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NewsAmerican expects this week to notify pilots of layoffs
American Airlines intends to notify pilots this week of potential layoffs, a move coming after executives estimated the airline may need to cut some 1,500 pilot jobs.
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NewsLufthansa prepares launch of new leisure unit Ocean
Lufthansa has incorporated a new entity named Ocean to operate long-haul flights to tourist destinations and reduce the “complexity” of the group’s current presence in that segment.
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NewsEuropean Commission gives KLM state financing the go-ahead
KLM’s €3.4 billion ($3.8 billion) state-support package has been approved by the European Commission.
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NewsCathay shareholders approve HK$39 billion bailout plan
Cathay Pacific’s shareholders have given the green light for a HK$39 billion ($5.03 billion) recapitalisation plan. At the closing of an extraordinary general meeting held on 13 July, the carrier’s shareholders voted overwhelmingly to approve the plan. In total, three resolutions and two special resolutions were put up ...
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NewsEl Al faces class-action suit alleging unpaid ticket refunds
Israeli flag-carrier El Al is facing a lawsuit over allegations that it failed to reimburse customers for cancelled flights, and did not inform the public about their right to receive a refund. The class-action suit has been brought before a district court by all passengers who were due to fly ...
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NewsUIA 737 shot down as command chain broke after defence system blunder
Two missiles were fired at a Boeing 737-800 over Tehran after a misaligned defence system, and a breakdown of communications and procedures, led the aircraft to be misidentified as a hostile intruder. Evidence from Iranian investigators indicates that only the first missile hit the Ukraine International Airlines aircraft, although the ...
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NewsAmerican pilots review Boeing’s latest Max training draft
American Airlines’ pilot union is now reviewing Boeing’s latest 737 Max pilot training draft – a document the union describes as vastly more thorough than previous drafts.
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NewsAmerican seeks Boeing’s help to avoid 737 Max cancellations: report
American Airlines is reportedly seeking Boeing’s help to arrange financing for the purchase of at least one dozen 737 Max jets scheduled to be delivered this year, with the fate of those orders hanging in the balance.
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NewsSAA pilots seeking ‘unaffordable’ staff retention: government
South African Airways pilots have sought to more than halve the proposed number of employee retrenchments, and instead retain almost 3,100 personnel for the carrier’s relaunch, according to the country’s government. But the proposal has been dismissed by the department of public enterprises, which insists it is “not prepared to ...
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NewsBreeze applies for certificate transfer, presents business plans
Breeze Airways, the start-up passenger carrier headed by serial aviation entrepreneur David Neeleman, has applied to acquire the certificate of now-defunct Compass Airlines, and published plans for its first year of operation.
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NewsAir China completes its maiden ARJ21 service
Air China has completed its maiden flight of a Comac ARJ21 regional jet on the domestic routing from Beijing Capital airport to Xilinhot.
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NewsPilots’ dual-control obstructed A320’s collision-avoidance manoeuvres
Dual-control inputs from a Condor Airbus A320’s pilots badly obstructed its response to collision-avoidance orders during a low-altitude conflict, investigators have determined. The incident culminated in a serious air-proximity encounter and a terrain alert, shortly after departure from Kavala airport in Greece on 16 August 2018. After the aircraft (D-AICD) ...
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NewsLevel France becomes latest coronavirus crisis airline casualty
IAG’s Paris Orly-based long-haul budget unit, Level France, is to cease operations after seeing demand for its transatlantic services plummet.