News from FlightGlobal – Page 475
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NewsIATA deepens projected airline revenue loss to $314 billion
IATA now forecasts airlines will lose $314 billion in passenger revenue this year amid the coronavirus outbreak, a deepening of $62 billion from its previous projection.
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NewsIndia extends flight suspensions till 3 May
India will suspend all scheduled passenger flights for nearly three more weeks after the country extended a coronavirus-related lockdown.
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NewsNorwegian share price plummets on debt conversion plan
Scandinavian budget carrier Norwegian saw its share price nosedive when markets opened on 14 April, following its 8 April proposal to convert debt to equity in order to qualify for state aid. Shortly after the Oslo stock exchange reopened following the long Easter weekend, Norwegian’s share price was at one ...
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Wizz Air axes one-fifth of personnel but remains upbeat on prospects
Central European budget carrier Wizz Air is cutting 1,000 personnel, nearly one-fifth of its staff, after its operation was reduced to a bare minimum by the coronavirus crisis. The airline says it has been forced to take the “difficult step” to make workers redundant, adding that it has also carried ...
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NewsRussian domestic flights rise in March as international links suffer
Russian airspace data indicates that the number of domestic services increased during March, even as coronavirus restrictions badly affected international traffic. Figures from the state air traffic management corporation show that domestic flights rose by over 11% to more than 73,000 last month. But the number of international services was ...
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NewsEmirates and Etihad add more flights to schedules
Middle Eastern carriers Emirates and Etihad have added more cities to their flight schedules as they resume limited services. Dubai-based Emirates will add services to Jakarta, Manila, Taipei, Chicago, Tunis, Algiers and Kabul, commencing 16 April. It said on 13 April: “Only citizens of the destination country and those who ...
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NewsWhat’s in a name? Taiwan mulls renaming China Airlines
Taiwan is open to renaming national carrier China Airlines, but stressed that it was up to the airline — and the flying public — to ultimately decide.
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NewsVirgin Australia enters trading halt amid financing talks
Virgin Australia has requested a halt in the trading of its shares while it discusses financing and restructuring options. The airline, which has requested a A$1.4 billion ($900 million) bailout from the federal government, said today it plans to come out of the trading halt on the morning of 16 ...
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NewsSkyWest applies for aid as Washington adjusts terms for regionals
The US Treasury Department will not require carriers that will receive under $100 million in federal payroll grants to provide equity as a condition attached to the coronavirus relief funding following complaints from regional airlines about their unique financial challenges. The decision may simplify matters for SkyWest Airlines, which on ...
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NewsJuneyao Air expects $600 million aircraft capex in 2020-2022
Juneyao Air anticipates $600 million in aircraft capital expenditures from 2020 to 2022, outlining its plans around the expected delivery of 32 aircraft during that period in its latest annual report. The mainline carrier is scheduled to receive nine aircraft per year in 2020 and 2021, comprising two Boeing 787s ...
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NewsWuhan airport reopens after months-long lockdown
Wuhan’s airport has reopened for operations, ending more than two months’ of inactivity due to the coronavirus outbreak. On 8 April , the Wuhan Tianhe International Airport reopened to a reduced schedule of domestic flights, as Chinese carriers gradually resumed flying to the epicentre of the outbreak. It ...
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NewsAirAsia Group to retain all staff: chief executive
AirAsia Group’s chief executive Tony Fernandes has made a commitment to retain all staff, even with 96% of its fleet grounded. The group has “no revenue coming in”, Fernandes says in a statement published on AirAsia carriers’ websites, alongside ongoing financial commitments such as those to fuel suppliers and leasing ...
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NewsJapan’s airlines cut domestic flights after emergency declaration
Major Japanese carriers have shrunk domestic schedules after the country entered a state of emergency to try and halt the spread of Covid-19. This applies to Tokyo, Osaka, and five other prefectures, and was effective 8 April. It takes the form of a request rather than an order, but gives ...
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NewsTaiwan rolls out second round of relief for aviation sector
About a month after it first extended a financial lifeline to its aviation sector, Taiwan has unveiled a second round of relief measures to cope with the impact of the coronavirus outbreak. It will provide the sector with credit guarantees and other subsidies. The package is expected to cost the ...
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NewsCanberra mulling Virgin Australia’s bailout request: deputy PM
The Australian government is still considering Virgin Australia’s request for a bailout, the deputy prime minister said, after the carrier cut schedules further. “We will continue to look at the situation, I will continue to talk to the key stakeholders, Qantas and Virgin,” Michael McCormack said in an interview with ...
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NewsEtihad doubles down on airframe, cabin maintenance of parked fleet
As it parks about 80% of its fleet amid the ongoing coronavirus outbreak, Etihad Airways has doubled down on aircraft and cabin maintenance work. In a video released on 10 April, the Abu Dhabi-based carrier states it has to date replaced more than 10,000 seat and backrest covers in ...
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NewsAn-225 recruited for coronavirus support flights
Antonov Airlines has started deploying its An-225, the world’s largest operational aircraft, on services supporting the effort to combat coronavirus. The six-engined freighter had recently been restored to flight following a substantial upgrade programme. Antonov says the aircraft departed Kiev on 11 April on the first commercial service since the ...
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NewsBrussels shields its dormant fleet from nesting birds and fading seats
Brussels Airlines has given an insight into the complexity associated with the enforced long-term parking of its aircraft fleet during the coronavirus crisis. It has newly extended the grounding until at least 15 May, and over 50 aircraft in its all-Airbus fleet are being sealed and parked at the Belgian ...
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NewsPilot actions contributed to deadly 2019 Convair crash off Miami: NTSB
A captain’s decision to continue a flight despite engine trouble caused a Convair C-131B to crash into the Atlantic Ocean in February 2019, according US investigators.
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NewsEasyJet defers order for 24 Airbus jets
EasyJet has agreed a deal with Airbus to push back an order for 24 aircraft due for delivery in 2020-2022.