News from FlightGlobal – Page 481
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NewsGovernment risk perceptions a hurdle to air travel bubbles: IATA
Governments’ perception of coronavirus transmission risk is slowing the effort to create more air travel bubbles in the Asia-Pacific.
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NewsIsrair sale trustee expresses concerns over Fortissimo bid
Israeli leisure carrier Israir’s trustee has expressed several concerns to the latest bidder for the airline, investment fund Fortissimo Capital, over its acquisition proposal. Fortissimo emerged as a bidder on 24 November but the airline’s trustee has sought an urgent meeting with the company to discuss problems with the bid. ...
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NewsDelta pilots agree to pay cuts to avoid furloughs through 2021
Pilots at Delta Air Lines have agreed to cost-cutting measures that will prevent involuntary furloughs of cockpit crew through the end of 2021.
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NewsAirlines grapple with training and maintenance restart challenge
IATA’s safety chief identifies maintenance as the biggest challenge airlines face on moving to a full restart of operations after the pandemic, in part because uncertainty on when this might happen makes it harder to plan for.
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NewsCargo capacity on passenger jets key for vaccine rollout: IATA
Cargo capacity in the bellies of passenger aircraft will be necessary for the efficient distribution of Covid-19 vaccines, according to IATA.
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NewsCovid impact sees China shoot up global airline connectivity ranking
The latest air connectivity ranking from IATA shows how China’s large domestic airline market – and the country’s apparent success in controlling the spread of Covid-19 – has boosted its fortunes versus other markets.
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NewsCAE to buy Tru Simulation’s non-US assets from Textron
Canadian flight training company CAE has agreed to buy Tru Simulation and Training’s non-US assets from US conglomerate Textron for $40 million.
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NewsAfrican airlines face slower recovery from pandemic: IATA
African airlines are proving particularly vulnerable to the devastating impact of the coronavirus pandemic, according to the latest analysis from IATA.
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NewsEuropean airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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NewsIATA optimistic Brexit will not impact air service continuity
IATA is confident network connectivity will not be impacted by the UK’s impending departure from the EU at the end of the year.
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NewsAsia international traffic ‘disproportionately impacted’ at 5% of pre-crisis levels
International traffic in the Asia-Pacific region has been “disproportionately impacted” by the coronavirus pandemic, as a result of what trade body IATA calls “restrictive borders”.
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NewsEl Al survival remains in balance as losses top $400m
Israeli flag-carrier El Al has unveiled a pre-tax loss of $148 million for the third quarter alone, after revenues for the period sank by 94% to less than $40 million. El Al’s performance under the weight of the pandemic crisis brings its overall pre-tax losses for the first nine months ...
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NewsFurther consolidation in Asia-Pacific ‘highly likely’: IATA
IATA has warned that more airline consolidation in the Asia-Pacific region is “highly likely”, if circumstances remain dire for airlines amid closed borders and a slow restart to international travel. At a regional briefing a day after its virtual annual general meeting, IATA regional vice president for Asia-Pacific Conrad Clifford ...
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NewsRussian government to create United Leasing with GTLK and VEB merger
Russian state leasing company GTLK is to be merged with state investment corporation VEB’s leasing arm to create a single entity. The plan has been disclosed by Russian prime minister Mikhail Mishustin during a 23 November meeting with deputy ministers which discussed the optimisation of development institutions and removal of ...
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NewsLion A330 excursion prompts new guidance on crew proficiency
Indonesia’s National Transportation Safety Committee (NTSC) has advised the country’s civil aviation body to develop guidelines surrounding proficiency and training exemptions in light of the coronavirus outbreak, following a runway excursion involving a Lion Air Airbus A330-300.
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NewsSIA raises S$500 million from privately placed 10-year bonds
Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of private investors”, says the group. Source: Greg Waldron ...
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NewsMesa will operate 40 CRJ900s for American Airlines
Mesa Air Group, the parent company of Mesa Airlines has signed a new five-year contract with American Airlines to operate 40 Bombardier CRJ900 aircraft for the Fort-Worth-based carrier beginning on 1 January.
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NewsHow EASA’s 737 Max requirements differ from the US FAA’s
While the European airworthiness directive to modify the Boeing 737 Max for return-to-service are the same as those issued by the US FAA, some of the operational requirements will differ. The European Union Aviation Safety Agency has invited comments on its proposed directive, which will enable operators of the twinjet ...
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NewsHigh debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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NewsAirline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.