News from FlightGlobal – Page 453
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NewsQantas, China Eastern partnership extended to 2023
Australia’s competition watchdog has allowed Qantas and China Eastern Airlines to extend their strategic partnership until 31 March 2023, pointing out that the alliance will help both carriers navigate a post-pandemic demand recovery.
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NewsIndiGo eyes opportunities on Indian regional routes
IndiGo chief executive Ronojoy Dutta expects significant growth to come from India’s smaller cities and regional towns.
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NewsAt 6% of flights, long-haul services emit 51% of CO2: Eurocontrol
Long-haul services departing European airports accounted for more than half the CO2 emissions from all operations in 2020, despite making up just 6% of flights, according to Eurocontrol data.
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NewsTransat-Air Canada deal in limbo
The planned acquisition of Transat AT by Air Canada continues to be in limbo after the terms of the deal expired on 15 February without the necessary approvals in place to complete the transaction.
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NewsASL orders 10 more 737-800 converted freighters
Irish airline group ASL Aviation Holdings has ordered another 10 737-800 Boeing Converted Freighters (BCFs), bringing to 21 the number of those jets it intends to acquire. The orders are conversions of previously held options. ASL, based near Dublin, took those options alongside a firm order for 10 737-800BCFs that ...
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsSAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM Leap-1A ...
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.
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NewsPipistrel nears launch of new hydrogen-powered 19-seater
Slovenia’s Pipistrel Aircraft, best known for its range of lightweight two-seaters, is nearing the launch of a new hydrogen fuel-cell- and battery-powered 19-seat hybrid that it hopes will revolutionise the commuter-category segment.
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NewsGrounded Jet Airways reports $391 million FY2019-20 loss
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss of Rs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020.
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NewsPassengers down 70% at Dubai International last year
Dubai International’s passenger numbers collapsed in 2020, but the airport operator is reporting “positive strides” in the second half of the year.
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NewsNorwegian reaches accommodation with several lessors
Norwegian and its subsidiaries have reached an accommodation with a number of lessors, including Avolon and SMBC Aviation Capital, relating to several aircraft the airline was formerly seeking to reject as part of its Irish restructuring process.
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NewsEuropean ministers sign off on summer slot rules revision for airlines
European transport ministers have today formally approved temporary rules under which airlines will only have to use a minimum of 50% of their take-off and landing slots during the forthcoming summer season to retain them for 2022.
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder to ...
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NewsAustralia imposes quarantine on NZ travellers after Auckland outbreak
Canberra will impose quarantine on travellers from New Zealand following the emergence of new coronavirus cases in Auckland.
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NewsCourt approves reorganisation of six HNA carriers
The highest court in China’s Hainan province has approved applications from creditors to place 10 affiliates of Hainan Airlines Holding in bankruptcy reorganisation, including six airlines, a 10 February filing to the Shanghai Stock Exchange shows.
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NewsLessors strike deals with Thai Airways
Many lessors have reached agreements with Thai Airways International on the future of their aircraft as part of the carrier’s restructuring process, lessors with exposure and people close to the restructuring tell Cirium.
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NewsEl Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance ...
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NewsUS airlines lobby against potential Covid-19 test mandate for domestic flights
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers.