News from FlightGlobal – Page 454
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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.
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NewsVolaris sticks with P&W turbofans for another 80 A320neos
Mexican discount airline Volaris has agreed to power another 80 incoming Airbus A320neo-family jets with Pratt & Whitney PW1100G geared turbofans.
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NewsGerman government finalises airport support package
The German government has agreed a financial support package for airports under which the nation’s 15 largest gateways will receive more than €600 million ($725 million).
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NewsAir Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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NewsAir Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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News2020 was worst for European airport traffic in 25 years
Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago.
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NewsFrench shipping giant CMA CGM to enter air cargo market with A330-200Fs
French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states that the strategic move is intended ...
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NewsSpirit targets return to full capacity in summer
Spirit Airlines made a $508 million operating loss in 2020 but plans to return to full pre-pandemic capacity levels by the summer travel season and take delivery of 16 aircraft by year-end. The US low-cost carrier’s 2020 loss compared with a $501 million profit in 2019. The rising number of ...
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NewsEthiopian Airlines is ‘cash-positive’ as shift to cargo pays off
Ethiopian Airlines’ decision to temporarily convert 25 passenger aircraft for cargo operations has helped it to become “cash positive” during the Covid-19 crisis, according to the African carrier’s chief executive Tewolde Gebremariam.
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NewsJet2 raises £422m to guard against ‘unpredictable shutdown’
Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”.
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NewsBahrain military picks up former Braathens RJ100
Bahrain’s air force is to receive another BAE Systems Avro RJ100, one of the 10 Avros which had been withdrawn from the fleet of Swedish carrier Braathens Regional Airlines. Braathens Regional had been operating eight RJ100s and a pair of RJ85s but put the aircraft on the market, through Skyworld ...
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NewsCanada approves Air Canada’s acquisition of Transat
The Canadian government has approved Air Canada’s takeover of vacation specialist Transat AT, subject to numerous conditions.
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NewsEuropean aviation proposes framework for net-zero CO2 by 2050
Five industry associations have joined forces to propose a plan for European aviation to reach net-zero CO2 emissions by 2050.
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NewsMEPs back plan to ease airport slot rules for summer 2021
Members of the European Parliament have backed proposals to ease slot rules for the forthcoming summer season under which airlines only have to use half their airport slots in order to retain them for the following year.
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NewsEmbattled Air Namibia recalls fleet and ceases operations
Struggling African carrier Air Namibia is cancelling all flights from 11 February, and returning its fleet to its Windhoek base. The cessation of operations for the troubled flag-carrier comes eight months after the Namibian president, Hage Geingob, told the country’s parliament that the airline should be liquidated. Geingob had made ...
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NewsStart-up Flyr plans listing on Norwegian stock exchange
Norwegian start-up Flyr will apply for a listing on the Oslo stock exchange’s Euronext Growth market as it seeks to raise NKr600 million ($70 million) from private equity investors. The airline has already secured NKr165 million from cornerstone investors, giving the airline an initial valuation of NKr750 million. Investors already ...
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NewsParis airports operator works on new plan after Charles de Gaulle expansion scrapped
Paris airports operator Groupe ADP is to work on a new development plan for Charles de Gaulle airport after the French government scrapped its existing Terminal 4 project.
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NewsEmirates chief expects ‘meaningful’ capacity return in Q4
The impact of Covid-19 variants on government-imposed travel restrictions is likely to delay a “meaningful” restart of international travel until the fourth quarter of this year, in the view of Emirates president Tim Clark.
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NewsCopa Q4 loss is $169m, as it operated 27% of capacity
Panama’s Copa Airlines posted a fourth quarter loss of $169 million as it was only able to operate 27% of the capacity it had operated in the same quarter a year prior, due to coronavirus-related travel restrictions.