News from FlightGlobal – Page 459
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NewsHainan cancels planned transfer of nine aircraft
Hainan Airlines Holdings and its subsidiary airlines have cancelled the transfer of aircraft assets to a Hong Kong-based holding company. This encompasses four Boeing 737-800s and two 787-8s owned by Hainan Airlines Holdings, two Airbus A350-900s by Hainan Airlines, and one 737-800 with Grand China Air. The original transaction price ...
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NewsAir Canada tests demand with international summer flights
Air Canada will launch an “abridged” schedule this summer with 97 destinations down from 220 last year, betting that coronavirus cases will decline and governments will ease restrictions to enable more international travel. The carrier began its summer sales push by resuming service on 25 May to New York-LaGuardia, Washington-Dulles, ...
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NewsAerCap pushes back deliveries of 37 aircraft
Leasing giant AerCap is deferring deliveries of 37 aircraft which it had expected to introduce over the course of the next two years. AerCap says the measure brings to more than 100 the number of aircraft it had been intending to receive over 2020-22. The 37 which are the subject ...
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NewsIATA spells out airline failure fears from rising debt burden
IATA is warning that the increased debt levels being racked up by airlines to counter the revenue shortfall during the coronavirus grounding means a slower recovery and the potential for failures remain even though state interventions have been made.
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NewsLATAM voluntarily files for Chapter 11 protection
South American operator LATAM Airlines Group, along with some of its affiliates, is filing for US Chapter 11 creditor protection in order to undertake a restructuring process. The company says the voluntary filing, with the Southern District of New York bankruptcy court, has the support of key shareholders Cueto Group ...
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NewsEasyJet finance chief to step down next year
UK budget carrier EasyJet’s chief financial officer, Andrew Findlay, is stepping down from his position next year. Findlay has advised the board of his intention to leave the low-cost carrier in May 2021, in line with contractual obligations. He had survived a 22 May bid by EasyJet founder Stelios Haji-Ioannou ...
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NewsPhilippine Airlines confirms $1bn revenue loss due to Covid-19
Philippine Airlines (PAL) has seen revenue shrink by nearly $1 billion since it suspended operations because of the coronavirus pandemic, the flag carrier’s parent confirms.
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NewsAir New Zealand grounds 777s and defers A321neo deliveries
Air New Zealand (ANZ) will ground its Boeing 777-200ER and 777-300ER fleets until at least the end of this year as part of organisation-wide cost-cutting measures. Including deferrals of planned Airbus A321neo deliveries, the airline has also deferred or cancelled almost NZ$700 million ($430 million) of expected capital expenditure to ...
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NewsChina Airlines issues A350-900 leaseback RFP: sources
China Airlines has issued a request for proposals for the sale and leaseback of two Airbus A350-900s, according to two sources. The Taiwanese flag carrier has returned to the market after agreeing to sell and lease back five A330-300s earlier this month. The deadline for bids on the A350s is ...
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NewsAir Canada to fly modified business-only A319s on domestic routes
Air Canada starting 1 June plans to fly three modified Airbus A319s with only 58 business-class seats between Toronto, Montreal and Ottowa, aiming to maintain air travel while minimizing the risk of coronavirus infection. The flights sold through its charter subsidiary Air Canada Jetz will fly one morning and one ...
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NewsLufthansa Group secures finance package from economic fund
Lufthansa Group has secured approval from the federal German government’s economic stabilisation fund, WSF, for a €9 billion financial package. Under the agreement the WSF will contribute up to €5.7 billion to Lufthansa’s assets including €4.7 billion in equity. The measure will be supplemented by a syndicated three-year credit facility ...
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NewsAir Canada-Transat tie-up faces European competition scrutiny
Air Canada’s proposed acquisition of Transat AT, the parent of leisure carrier Air Transat, is to face scrutiny from European competition regulators. The European Commission is concerned that the tie-up could “significantly” reduce competition on 33 city-pairs between Canada and the 30 countries of the European Economic Area. These city-pairs ...
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NewsInquiry alleges tampering of hard-landing A321 cockpit recorder
Russian investigators probing an Airbus A321 hard landing have made the extraordinary accusation that its cockpit-voice recorder was erased and fitted in another aircraft, then re-installed in the damaged jet, ahead of the inquiry commission’s arrival. The Nordwind A321 – on final approach to Antalya’s runway 36C on 10 January ...
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NewsThai government reduces stake in Thai Airways
The Thai government is no longer a majority shareholder in Thai Airways after the country’s finance ministry reduced its stake to 47.86% from 51.03%. “After the reduction of shareholding percentage held by the Ministry of Finance in the company, the company shall cease to be a state enterprise under the ...
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NewsAir Astana converting 767s for new cargo division
Air Astana is establishing a freight division, Air Astana Cargo, which will use three Boeing 767-300ERs which are being retired from the airline’s fleet and modified for cargo transport. It will put the initial aircraft into service on 26 May – in a “semi-cargo” layout, following modification in Almaty – ...
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NewsFlight recorders of crashed PIA A320 recovered
The flight data and cockpit voice recorders of the Pakistan International Airlines (PIA) Airbus A320 that crashed on 22 May have been recovered. Media reports from Pakistan quote PIA as saying that both devices were found on Saturday 23 May, a day after the aircraft crashed in an urban area. ...
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NewsCoronavirus restrictions confuse travellers
As the global coronavirus pandemic drags on, travellers and crew on intercontinental flights are getting used to wearing face coverings in public spaces and adhering to other measures such as social distancing, imposed by airlines, airports and authorities to stop the spread of infection.
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NewsJet2 pushes back resumption of flights to 1 July
UK budget carrier Jet2 will restart operations on 1 July, having previously said it would begin flying again on 17 June.
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NewsEasyJet shareholders back airline’s board in Stelios dispute
EasyJet founder Stelios Haji-Iaonnou has failed in his attempt to oust the airline’s management team
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NewsRyanair to close Lauda’s Vienna base on 29 May
Ryanair Group has followed through on its threat to close Lauda’s Vienna base after failing to reach an agreement on cost reductions.