News from FlightGlobal – Page 446
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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.
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NewsWizz to add new Italian base
Central European budget carrier Wizz Air is opening a new base at Palermo.
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NewsLufthansa expands rail offering through Deutsche Bahn
Lufthansa is expanding its joint product with German rail operator Deutsche Bahn as it looks to improve connectivity and reduce emissions.
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NewsTransportation Partners finance chief to depart: sources
Transportation Partners chief financial officer Valerie Tay is set to step down.
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NewsCebu Pacific secures $329 million loan from local syndicate
Philippine low-cost carrier Cebu Pacific (CEB) has secured a Ps16 billion ($329 million), 10-year loan today, from a syndicate of private and government banks.
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NewsDe Havilland entitled to terminate SpiceJet Dash 8 order: UK judge
Turboprop manufacturer De Havilland Aircraft of Canada was entitled to terminate a Dash 8-400 purchase agreement with Indian carrier SpiceJet after the airline stopped making payments and taking delivery of aircraft, a judge has ruled. SpiceJet originally ordered 25 of the type from Bombardier – part of a September 2017 ...
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NewsFour-ship Welsh flypast marks Wizz Air UK’s upcoming Cardiff base
Four Wizz Air UK Airbus A321s have marked the upcoming opening of a Cardiff base by conducting a flypast of cities in south Wales. The aircraft formation departed London Luton between 13:45 and 14:00 on 6 March. Wizz Air UK says that, ahead of the base’s opening on 17 May, ...
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NewsFedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.
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NewsUS-EU strive to ‘reset’ relationship by suspending tariffs in Airbus-Boeing row
European Union regulators have agreed to a temporary suspension of tariffs in the long-running Airbus-Boeing dispute over civil aircraft subsidies, a four-month hiatus which will lift tariffs on aircraft and non-aircraft imports. The dispute was initiated by the US government in 2004 but, with the spat having moved from a ...
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NewsNorwegian mass cancellation pushes Airbus into negative net orders
Airbus has newly-recorded cancellations of 92 aircraft, pushing the airframer far into negative net order territory after the first two months of this year. The cancelled aircraft comprise a pair of A350-900s plus 59 A320neo and 30 A321neo jets. Scandinavian budget carrier Norwegian accounted for almost all of the single-aisle ...
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NewsPegasus hopeful of rebound as restrictions dent late-2020 performance
Budget carrier Pegasus Airlines saw curfews and lockdowns in Turkey dent demand towards the end of 2020, but it remains hopeful of a strong traffic rebound going into the second half of 2021.
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NewsActivists spray-paint parked Air France 777 to protest climate bill
Environmental activities have managed to gain access to a stored Air France Boeing 777-200ER and spray it with green colouring as part of a protest against the French government air transport policies. The aircraft – registered F-GSPB, a 1998 airframe fitted with General Electric GE90 engines – was parked at ...
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NewsRedesign to cure acoustic engine phenomenon linked to A220 failures
Pratt & Whitney is aiming to introduce redesigned bleed-valve ducts for Airbus A220 engines by the fourth quarter of this year, to eliminate a resonance phenomenon linked to a series of powerplant failures. Four instances of PW1500G low-pressure compressor stage-one rotor separation, affecting A220-300s operated by Swiss and Air Baltic, ...
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NewsMalaysia and Thailand back flag carriers’ restructurings
Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for their respective flag carriers, both undergoing court-led restructurings.
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NewsAzul spools up for speedy recovery
Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing for a stronger-than-industry-average recovery, especially across its domestic network and cargo operations.
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NewsEtihad operating loss more than doubles in 2020
Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020.
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NewsLufthansa chief says fleet and failures can offset corporate travel slump
Fleet adjustments and the failures of other airlines are likely to offset the impact of an accelerated fall in demand from business travellers in the coming years, according to Lufthansa Group chief executive Carsten Spohr.