News from FlightGlobal – Page 474
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NewsFinnish government prepares possible €400m loan for Finnair
Finland’s government is preparing to provide a loan of up to €400 million ($486 million) to flag-carrier Finnair, to support the airline’s liquidity. The facility is intended to allow Finnair to access the funds should its cash or equity position fall below certain limits. This planned support – in the ...
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsFormer presidential candidate Buttigieg nominated to head US DOT
US president-elect Joe Biden has nominated former presidential candidate Pete Buttigieg as his choice for secretary of transportation. Buttigieg was the mayor of the Indiana city of South Bend and former intelligence officer in the US Navy Reserve. He entered the race for the presidency last year but ultimately dropped ...
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NewsJetstar ups first-quarter domestic capacity
Jetstar expects to operate more domestic flights than ever in February and March, on the back of low fares and demand for domestic travel.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.
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NewsSingapore aviation institute calls for Southeast Asian travel bubbles
A Singapore aviation institute has called on the Association of Southeast Asian Nations (ASEAN) to consider a framework for Southeast Asian travel bubbles.
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NewsChina Airlines takes first 777F
China Airlines has taken delivery of its first Boeing 777 freighter, as it sets its sights on expanding its cargo business in the coming year.
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NewsRex receives green light for March 2021 737-800 launch
Australia’s Regional Express (Rex) has secured a permit from Australian authorities clearing it to commence Boeing 737-800 operations from March 2021. The High Capacity Air Operator’s Certificate (HCAOC) was granted by the Civil Aviation Safety Authority (CASA), allowing the Rex to use 737-800s on its existing network, says the airline. ...
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NewsUS Congress inches closer to second round of airline aid
Airline groups are rallying behind a broadly-supported bill that would benefit airline workers by extending financial aid to struggling US carriers.
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NewsTransat shareholders green light discounted sale to Air Canada
Shareholders of Transat AT, parent to leisure carrier Air Transat, have approved a plan under which Transat will be sold to Air Canada at a significant discount.
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NewsEtihad inaugurates Boeing 787-10 used as ecoDemonstrator
The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.
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NewsUral unveils crisis-driven losses for first nine months
Ural Airlines has revealed a pre-tax loss of RB4.5 billion ($61 million) for the first nine months of the year, as Russian air transport embarks on its recovery from the pandemic crisis. The figure, to 30 September, contrasts sharply with the previous year’s Rb3.4 billion profit for the same period. ...
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NewsSingapore to allow business travel with movement restrictions
Singapore will allow short-term business travel without quarantine, starting January, but with strict restrictions on travellers’ movements.
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NewsLessor DAE delivers 737 Max 8 to American Airlines
Lessor Dubai Aerospace Enterprise (DAE) has delivered a Boeing 737 Max 8 to American Airlines, the first of 18 737 Max 8s acquired under a sale & leaseback (SLB) deal. DAE adds that the SLB for the 18 aircraft took place during the third quarter, with the delivery of the ...
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NewsTransat warns of ability to remain ‘going concern’, eyes Air Canada lifeline
Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through.
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NewsFAA clears pilots to receive Pfizer vaccine
The Federal Aviation Administration is allowing pilots to receive Pfizer’s Covid-19 vaccine, so long as they wait 48h before returning to the cockpit.
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NewsCroatia Airlines to receive Kn600m through capital injection and loan
Participants in a Croatia Airlines extraordinary assembly have approved an increase in the airline’s share capital through the issue of new shares to the Croatian government. The decision was made during the assembly on 14 December. Under the measure 35 million ordinary shares will be issued, with a nominal value ...
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NewsAirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 million). ...
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NewsCorsair secures state aid as Intro and TUI sell stakes
The Europe Commission has approved €136.9 million ($166 million) in state aid for French leisure carrier Corsair.