News from FlightGlobal – Page 445
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NewsCourt urges Czech Airlines creditors to file prompt claims
Czech Airlines creditors are being urged to submit claims within two months following the carrier’s filing for insolvency with a Prague court. The municipal court has ruled that an interim creditors’ committee be appointed with Czech Airlines Technics, the Czech bank Ceska Sporitelna, and the aviation general sales agent Air ...
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NewsTwo Icelandair 767s to be converted to freighters in leaseback deal
Icelandair Group has reached a sale-and-leaseback agreement for a pair of Boeing 767-300ER which will be converted into freighters. The aircraft are being sold to Atlas Air Worldwide Holdings’ associated joint venture Titan Aircraft Investments. Icelandair Group says the 767s will be converted in spring next year and be re-introduced, ...
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NewsSlow vaccine rollout to hit African traffic: AFRAA
The number of passengers travelling by air in Africa will not return to 2019 levels until at least the start of 2024 because of the lengthy rollout of the Covid-19 vaccine, the leader of airline association AFRAA has warned.
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NewsSustainability and airline success now inexorably linked: Air France chief
The rise of sustainability as a challenge for the airline industry has been accelerated by the Covid-19 pandemic, to the point where business success is inexorably linked to carriers significantly reducing their environmental footprints, in the view of Air France chief executive Anne Rigail.
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NewsPeruvian 737 excursion crew disoriented by lack of centreline lights
Pilots of a Peruvian Boeing 737-300 should have considered a go-around instead of proceeding with a landing in heavy rain and a crosswind at Iquitos where the jet experienced a runway excursion. The aircraft – with 121 passengers and seven crew members – had been cleared for an ILS approach ...
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NewsJetstar to shift six A320s from Japan to Australia
Low-cost carrier group Jetstar is to “temporarily” move six Airbus A320s from its Jetstar Japan unit to its Australian operation, as the latter’s relatively strong domestic market provides an outlet for capacity.
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NewsAerCap agrees acquisition of US lessor GECAS
Leasing giant AerCap has agreed to acquire US lessor GECAS, creating a leviathan with over 2,000 aircraft and more than 900 engines as well as 300 helicopters. AerCap says it has entered into a “definitive agreement” – unanimously approved by the companies’ boards – under which General Electric will receive ...
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NewsFirmer crude oil bolsters jet fuel prices
The price of jet kerosene is continuing to strengthen despite weak demand from airlines, as firmer crude oil values filter through to the market.
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NewsLeonardo anticipates slight recovery from ATR in 2021
Turboprop joint venture ATR should hand over at least 20 aircraft this year as regional carriers begin a slow recovery from the Covid-19 crisis.
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NewsCathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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NewsCut in UK domestic air passenger duty floated for transport consultation
Consultation is set to take place on cutting the UK’s air passenger duty scheme as part of a broad government rethink on the country’s transport network. Air passenger duty is a distance-based scheme which is pitched as a mechanism for addressing environmental concerns, but has long been controversial with airlines. ...
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NewsCathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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NewsCovid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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NewsRecovery unsustainable without Travel Pass-style apps: IATA
Governments around the world are not moving quickly enough to plan for the reopening of international travel markets, in the view of IATA, particularly when it comes to the creation of digital standards for Covid-19 testing and vaccination records.
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NewsAerCap confirms GECAS talks
AerCap has confirmed it is in talks with General Electric in respect to GECAS, but notes that the outcome of the discussions “has yet to be determined”.
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NewsIcelandair returns Boeing 737 Max to revenue service
Following the lifting of the 737 Max’s grounding, Icelandair has resumed commercial flights using the Boeing narrowbody after a nearly two-year break.
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NewsFrontier seeks IPO after cancelled attempt in 2020
Frontier Airlines on 8 March filed for an initial public offering of stock with the US Securities and Exchange Commission, a year after cancelling its previous bid for a $100 million offering that it initiated in 2017.
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NewsAlliance enters five-year base check deal for F70s and F100s
Australia’s Alliance Airlines has entered into a five-year heavy maintenance agreement with Fokker Services for its Fokker F70 and F100 aircraft.
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NewsAmazon takes stake in Air Transport Services Group
Amazon Air has taken a stake in lessor and cargo operator Air Transport Services Group (ATSG), worth $132 million.
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NewsUS Congress approves aviation payroll support extension
Both houses of the US Congress have passed the third comprehensive coronavirus relief package for the air transport industry, which would grant airlines $14 billion more in payroll support as the crisis drags on.