News from FlightGlobal – Page 444
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NewsVietnam’s central bank proposes $174m loan for flag carrier
Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by the central bank, which will not charge interest on the ...
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NewsAeroflot approves transfer of 10 737-800s to Pobeda
Aeroflot’s board has approved the transfer of 10 Boeing 737-800s from its fleet to that of its low-cost budget sister carrier Pobeda. The aircraft will be sub-leased from April-June this year according to the board decision, although the possibility of a postponement remains. Aeroflot Group says the lease periods range ...
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NewsAir Transat suspends operations until June
Transat AT, the parent company of Canadian holiday specialist Air Transat, has effectively shut down revenue operations due to the coronavirus mitigation measures imposed by the Canadian government earlier this year.
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NewsEthiopian Max crash probe in final stages: investigators
Ethiopia’s aircraft accident investigation bureau says its inquiry into the fatal Boeing 737 Max 8 crash near Addis Ababa is in its final stages. The accident involving Ethiopian Airlines flight ET302 occurred two years ago, on 10 March 2019, five months after a similar loss in Indonesia – prompting civil ...
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NewsLow-cost carriers urge for long-haul to be included in EU’s SAF mandate
A coalition of short-haul airlines, other aviation organisations and environmental groups are calling on the European Commission to ensure that long-haul flights are included in a forthcoming EU mandate on the use of sustainable aviation fuel.
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NewsUnited Airlines chief warns of ‘dramatic’ impact of unchecked climate change
Human-influenced climate change is the “defining issue for our generation to solve”, in the view of United Airlines chief executive Scott Kirby, who says his passion for the subject is behind the carrier’s attempt to become an industry leader on sustainability.
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NewsPandemic freight demand assists pared-back CargoLogicAir
Freight activity catalysed by the pandemic helped UK-based CargoLogicAir last year to improve on a weak performance in 2019, the company has disclosed. The carrier – linked to Russia’s Volga-Dnepr Group – ran into problems in 2020 and sought a temporary suspension of its operating licence, which was subsequently restored ...
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NewsSingle Icelandair brand to cover Air Iceland Connect operations
Icelandair Group is bringing its regional carrier Air Iceland Connect under the single brand of the parent airline, in a bid to simplify its operations. The integration will take effect from 16 March, says the company, with the international network of Icelandair being combined with domestic links and the regional ...
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NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
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NewsWideroe and Rolls-Royce pursue all-electric aircraft based on Tecnam design
Norwegian regional carrier Wideroe has linked up with Rolls-Royce and aeronautics firm Tecnam to develop an all-electric passenger aircraft within the next five years. The aircraft would be suited to the commuter air transport market and enter service in 2026. Wideroe has previously expressed interest in electric regional aircraft projects ...
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NewsRolls-Royce takes £1.3bn charge in fall-out from civil aerospace crisis
Rolls-Royce large engine flying hours were down by 57% last year, while deliveries of such engines almost halved to 264. The powerplant manufacturer disclosed the full-year impact of the air transport crisis as it turned in a £2.6 billion ($3.6 billion) underlying operating loss from its civil aerospace division. Production ...
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NewsAustralia extends A$1.2bn ‘ticket to recovery’ for tourism, airline sectors
Australia has rolled out its latest round of financial support for its tourism and airline sectors, which have acutely felt the impact of the coronavirus pandemic.
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NewsUS DOT says airline employment at highest level since April 2020
The US Department of Transportation (DOT) says airline industry employment in January rose to its highest level since April 2020, a tentative sign that demand for air travel may be returning following an almost year-long decline due to the coronavirus.
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NewsNordStar-KrasAvia tie-up to support northern Russia network development
Russian carrier NordStar has entered a tie-up with regional operator KrasAvia, a consortium intended to increase air transport access for the area. President Vladimir Putin had supported a proposal to establish a base carrier at Norilsk – a designation which has been granted to NordStar – and create a co-operation ...
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NewsSouthwest nears 737 Max 7 order: report
Boeing is closing in on the sale of 737 Max 7 jets to Southwest Airlines, a deal that, if closed, would prove a massive win by Boeing and reflect Southwest’s continued loyalty to the Chicago airframer, according to a report from Bloomberg.
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NewsAeroflot Group impairs Rossiya goodwill and Aurora disposal
Aeroflot Group has disclosed a Rb6.5 billion ($88 million) write-off of goodwill for its subsidiary airline Rossiya in its full-year financial results. The company has also listed a Rb5.07 billion loss from the disposal of another subsidiary, the eastern Russian carrier Aurora which it sold for the token sum of ...
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NewsPresident Biden to sign bill providing $14bn to airlines
Both houses of the US Congress have now passed a pandemic-relief bill that would make billions of dollars in aid available for the benefit of employees at US airlines.
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NewsSouthwest set to return Boeing 737 Max to its fleet
Southwest Airlines, the world’s biggest operator of Boeing 737 aircraft, is set to return the 737 Max into its network and schedule, operating several revenue flights on the type for the first time in two years.
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NewsWizz Air UK to have four A321neos by end of May
Wizz Air’s UK operation will have four new Airbus A321neos in its fleet by the end of May after today carrying out its first flight with the Pratt & Whitney GTF-powered narrowbody.
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NewsUS DOT grants Breeze certificate to operate
The US Department of Transportation (DOT) has given start-up low-cost airline Breeze Airways the green light to begin operations.