News from FlightGlobal – Page 441
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NewsWith a view of Mount Fuji, China Airlines bids farewell to 747
China Airlines has ended more than 45 years of Boeing 747 passenger operations with a flight to nowhere that circled Mount Fuji in Japan on its last 747-400.
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NewsIcelandair unconcerned after volcano erupts near Keflavik hub
Icelandair believes a volcanic eruption which commenced near Reykjavik’s Keflavik airport will have only a limited effect on the flag-carrier’s operations. The eruption is close to the Fagradalsfjall peak some 20km south-east of the airport, which serves as Icelandair’s hub. According to the Icelandic Met Office it began on 19 ...
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NewsDid departure delays conspire to single-out shot-down 737?
One hazy aspect of last year’s fatal Iranian missile attack on a Boeing 737-800 centres on the circumstances through which the aircraft was singled out when other flights were also operating from Tehran’s Imam Khomeini airport. The Iranian Civil Aviation Organisation, which investigated the 8 January attack on Ukraine International ...
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NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
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NewsGECAS-Air China A320neo sale stemmed from prior lease agreement
GECAS’s deal to sell 18 Airbus A320neo-family aircraft to Air China, disclosed on 18 March, stemmed from a previous agreement with the carrier to lease the aircraft, Cirium understands.
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NewsIsrael sets out conditions for alternative El Al financing scheme
Israeli flag-carrier El Al has reached a conditional agreement with the government on an alternative funding scheme, after the airline spent several months trying to negotiate a state-backed loan from local banks. El Al and its Sun D’Or airline operation have detailed the financing pact under which the Israeli state ...
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NewsSaudia seals SR11.2bn funding for 787 and A320neo fleet expansion
Saudi Arabian flag-carrier Saudia has signed an SR11.2 billion ($3 billion) financing agreement which will partly cover the acquisition of 73 aircraft. The airline describes the aircraft as “previously announced” and comprising eight Boeing 787-10s, 35 A321neos – of which 15 are the long-range A321XLR – and 30 A320neos. Saudia ...
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NewsSingapore and New Zealand in talks to sync Covid-19 documentation
Singapore is in talks with New Zealand to harmonise the recognition of Covid-19 documentation, with the aim of restarting travel.
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NewsChina Airlines appoints company veteran as new president
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president.
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NewsCanada’s TSB chief faults Iran’s 737 shoot-down report
The head of the Transportation Safety Board of Canada (TSB) has taken the unusual step of criticising Iran’s conclusions into the downing of Ukraine International Airlines flight 752.
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NewsAir China strikes deal with GECAS unit to acquire A320neos
Air China has disclosed plans to acquire 18 Airbus A320neos from GECAS subsidiaray AFS Investments.
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NewsGol tweaked 737 leasing agreements in January
Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2 billion ($216 million) over one year.
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NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).
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NewsIAG to raise €1 billion through bond issue
IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes.
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NewsAzul eyes 40% annual cargo revenue surge
Azul founder David Neeleman anticipates the Brazilian airline’s cargo business will take off in the coming years thanks to booming growth of e-commerce in Latin America.
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NewsAsia-Pacific carriers jump on travel pass bandwagon
Asia-Pacific airlines are hoping that digital travel pass technology will eventually see governments ease up on the restrictions that have crushed regional travel.
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NewsSun Country stock debuts with $1.84 billion valuation
Sun Country Airlines began trading on 17 March under the ticker “SNCY” on Nasdaq priced at $33 per share, higher than its original expectation of $21 to $23 per share, giving the low-cost carrier a market value of $1.84 billion.
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NewsAustralian competition watchdog weighs in on Rex-Qantas spat
The Australian Competition and Consumer Commission (ACCC) has weighed in on the ongoing feud between Regional Express and Qantas, noting, among other things, that competition “appears to be increasing, not decreasing”.
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NewsAirAsia X wins restraining order on creditors, with exceptions
AirAsia X has been granted by the High Court of Malaya a three-month restraining order on creditors to help with its debt restructuring.
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NewsPhilippines cuts air travel to main gateway amid Covid-19 spike
The Philippine government is set to limit passenger arrivals to the country’s main international gateway for one month, as part of restrictions to clamp down on a spike of Covid-19 infections that began early this month. Authorities will impose a cap of 1,500 passenger arrivals per day on international flights ...