News from FlightGlobal – Page 461
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NewsRolls-Royce to cut 9,000 jobs largely in civil aerospace
Rolls-Royce is expecting to have to axe around 9,000 personnel – about 17% of its global workforce – in the aftermath of the economic downturn caused by the coronavirus outbreak. Its civil aerospace division will be “predominantly” affected, it says, following the severe deterioration of the air transport market. “We ...
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NewsKKR to buy six Delta A321s in sale-leaseback deal
Investment company KKR has signed an agreement to buy six Airbus A321s from Delta Air Lines, which it will lease back to the Atlanta-based carrier.
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NewsHawaiian Airlines hopes for speedy end to quarantine
Hawaiian Airlines chief executive Peter Ingram says the lifting of Hawaii’s blanket coronavirus quarantine order for all inbound travelers will be integral to returning to normalcy for the airline, and the state, for which tourism is an essential industry.
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NewsRescuers believe Comair has ‘reasonable’ chance of survival
South African carrier Comair’s business rescue practitioners believe there is a reasonable chance of the Johannesburg-based airline’s being saved. The airline’s board opted to enter business rescue on 4 May. Practitioners Shaun Collyer and Richard Ferguson met with creditors and employees on 19 May to outline the carrier’s position. They ...
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NewsDelta aims to reduce cash burn to zero by year-end
Delta Air Lines says it aims to reduce its daily cash burn to zero by the end of the year as it begins to ramp up its schedule to accommodate a small uptick in demand after the global coronavirus pandemic decimated air travel several weeks ago.
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NewsIATA sets out biosecurity roadmap to restarting flights
Passengers and airlines would face radical changes to the process of air travel under IATA’s guidelines for restarting the industry when the Covid-19 pandemic subsides. While its recommendations are not binding, the association hopes that governments, airlines and airports will adopt the measures as a middle ground to allow passengers ...
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NewsRussian government lays out proposals to lift domestic civil aerospace
Russia’s government is proposing subsidise the operation of domestically-built aircraft, to reduce operating costs, and provide state guarantees to lessors to support the country’s civil aviation industry. President Vladimir Putin told senior politicians and airline industry leaders, via video conference on 13 May, that the proposal, running over 2020-21, would ...
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NewsEasyJet cybersecurity breach affects 9 million customers
UK budget carrier EasyJet is contacting customers after a serious cybersecurity breach which resulted in access to the personal information of 9 million travellers. Credit card details of just over 2,200 customers were accessed, the airline admits, and it has taken action to contact all of them to offer support. ...
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NewsPressured Utair cuts losses but coronavirus impact looms
Russian carrier Utair halved its pre-tax losses in the first quarter, despite initial effects from the coronavirus crisis, but the impact on the second quarter has yet to become clear. The financially-pressured carrier’s passenger numbers in April were down by nearly 90%. Utair disclosed in early March that it was ...
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NewsThai Airways approved for bankruptcy court-supervised restructuring
The Thai government has given its approval for Thai Airways International to reorganise under the supervision of the local bankruptcy court. “The Thai Cabinet approved the reform plan for [Thai Airways] which will be implemented through the business reorganisation chapter under the auspices of the Central Bankruptcy Court of Thailand ...
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NewsCebu Pacific reviews long-term fleet plans
Cebu Air, the parent company of Cebu Pacific, is reviewing its long-term fleet plans, and has begun discussions with suppliers “to establish flexibility to adapt to current events”. In line with anticpated lower aircraft utilisation in future, the company will also defer previously planned aircraft capital expenditures, it said in ...
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NewsAmedeo agrees rental deferrals with Thai Airways
Amedeo has agreed in principle to grant lease rental deferrals to beleaguered Thai Airways, though the lessor says the agreement has not yet been signed due to the Thai government setting up a special committee to handle a new business improvement plan for the airline. Amedeo Air Four Plus, Amedeo’s ...
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NewsSwiss to adapt fourth 777 for cargo-only flights
Swiss plans to modify a fourth Boeing 777 for cargo-only flights as the Lufthansa subsidiary grows its intercontinental freight network. Under a new schedule effective since 15 May, Hong Kong, New York JFK and Mumbai have become new destinations served with multiple weekly frequencies, Swiss says. Previously, it operated cargo ...
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NewsSmartwings seeks support on financing not state ownership
Czech airline operator Smartwings Group insists it is only pressing for government support on financing through the crisis rather than wanting it to take a holding in the company. The group, which includes Czech Airlines as well as leisure operator Smartwings, was the focus of fresh speculation after the country’s ...
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NewsRyanair expects post-Covid-19 price war
Fares will be slashed across Europe once coronavirus travel restrictions are lifted as airlines seek to tempt passengers back on board, Ryanair believes.
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NewsFinnair outlines plan to restart Europe and Asia flights in July
Finnair plans to start operating 30% of its network from July with flights to a number of key European and Asian cities.
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NewsRussian authority recommends flights operate half-empty
Russia’s federal consumer rights protection authority is recommending that aircraft should not carry more than half their total passenger capacity during the restoration of air traffic. The authority, Rospotrebnadzor, states that, during check-in, passengers should not be seated in “close proximity” to one another – including seats immediately in front ...
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NewsThai Airways quashes bankruptcy rumours
Thai Airways International indicates that reform plans are still underway and dismisses recent bankruptcy rumours. “[Thai] has clarified that it has no intention to file for bankruptcy, responding to rumours [that] appeared in the news and online about the consensus of its board of directors meeting on 15 May 2020 ...
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NewsSAA rescuers given deadline to deliver business plan
South African Airways’ rescue practitioners have been instructed to produce a formal business plan for airline within 25 days, after a parliamentary standing committee expressed dissatisfaction with a draft publication. The standing committee on public accounts is also seeking a full schedule of fees from the practitioners, their advisers, and ...
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NewsRyanair Group expects €200m first-quarter loss
Ryanair Group is forecasting a loss of more than €200 million for the first quarter, double the figure it estimated at the beginning of May, with a smaller loss in the second. The company is forecasting that it will transport fewer than 80 million passengers for the fiscal year 2020-21 ...