News from FlightGlobal – Page 503
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NewsICAO flags $4-5 billion loss from Covid-19 outbreak
Preliminary estimates by ICAO indicate that the ongoing Covid-19 outbreak could wipe out $4-5 billion in airline revenues for the current quarter. This is based on assumptions that overall passenger capacity will decline by 39-41%, equivalent to a reduction of 16.4 to 19.6 million passengers. The estimated financial loss, ...
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NewsFormer United Airlines executive aims to launch new airline
A former United Airlines executive has raised $125 million to launch a new budget airline in the US by the end of the year.
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NewsCopa net profit jumps as Max crisis drags on
Higher travel demand and low fuel costs offset lost revenue opportunities as Panama’s Copa Airlines continues to post strong earnings even while struggling with the ongoing effects of the Boeing 737 Max crisis.
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NewsNorwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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NewsAlaska plans Oneworld entry by mid-2021
Alaska Airlines will join Oneworld alliance as a full member by mid-2021, allowing American Airlines to connect flights through the Seattle-based carrier’s West Coast network.
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NewsSA Express confirms business rescue restructuring move
SA Express’ operations are continuing as normal after the South African regional and domestic operator confirmed it is now under a formal business rescue restructuring process
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NewsComair blames Max delay and SAA debt for expected first-half loss
South African carrier Comair warns that it expects to post a loss for the six months ending 31 December 2019 because of the ongoing Boeing 737 Max grounding and an unpaid debt by South African Airways.
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NewsA330-800 secures joint European and US certification
European and US authorities have granted joint type certification to the Airbus A330-800, the smaller variant of the re-engined A330neo family. FlightGlobal had earlier reported that the aircraft was set to receive European Union Aviation Safety Agency and US FAA certification on 13 February. Airbus has confirmed that both authorities ...
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NewsLagos-based Green Africa signs for 50 A220s
Nigerian carrier Green Africa Airways has tentatively agreed to acquire 50 Airbus A220-300s, a potentially strong order for the twinjets. The agreement for the Pratt & Whitney PW1500G-powered aircraft has been disclosed by the airframer, following the signature of a memorandum of understanding. It comes more than a year after ...
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsAirbus to cut A330 output and keep A350 rate level
Airbus is to cut production of its A330 line to 40 aircraft this year, and will keep A350 monthly output to between nine and 10 aircraft. The decision is a consequence of “overall customer demand” in the twin-aisle sector, says the airframer. Chief executive Guillaume Faury, speaking in Toulouse on ...
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NewsAegean reveals rebrand as first A320neo arrives
Aegean Airlines has unveiled its new livery on the first Airbus A320neo to be delivered.
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NewsAirbus sees ‘clear path’ to small hike in A320 production
Airbus indicates that it sees potential for a further small hike in A320-family monthly production rates beyond the 63 already planned for 2021. The airframer says it “sees a clear path” to increasing the rate by one or two aircraft per month for 2022 and 2023 – potentially taking the ...
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NewsNew Air Baltic A220 latest to suffer engine failure
Investigators have disclosed that a new Air Baltic Airbus A220-300 which diverted to Bordeaux on 12 February had suffered an engine failure. While the details of the failure, in the left-hand Pratt & Whitney PW1500G powerplant, have yet to be disclosed, the incident follows a series of engine failures on ...
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NewsTurkey’s AtlasGlobal reportedly set to halt flights again
Turkish media are reporting troubled local operator AtlasGlobal is to cease operations again, less than two months after restoring flights.
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NewsUS tightens sanctions squeeze on Conviasa
Venezuelan carrier Conviasa is being subjected to tighter sanctions by the US government intended to prevent alleged presidential misuse of the airline. The US treasury’s Office of Foreign Assets Control has formally listed 40 aircraft in Conviasa’s fleet as blocked Venezuelan government property. This fleet includes an Airbus A340, seven ...
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NewsPod-strike tore cowls off Max Air 747-400
Nigerian investigators have disclosed that an engine pod-strike involving a Max Air Boeing 747-400 resulted in the powerplant’s shedding its cowls as it rolled out after landing at Minna. The country’s Accident Investigation Bureau says the captain, who was flying, had remarked that the ILS signal was “erratic” on both ...
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NewsEurowings promotes sales head to chief commercial officer
Eurowings has promoted its vice-president of sales Oliver Schmitt to become chief commercial officer of the Lufthansa low-cost unit.
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NewsVirgin Atlantic to resume Cape Town flights after six year absence
Virgin Atlantic is resuming seasonal service to Cape Town, six years after axing the South African city from its network.
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.