News from FlightGlobal – Page 517
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsCzech carriers apply for protection to stabilise finances
Czech operator Smartwings Group has formally sought temporary creditor protection to buy time to achieve financial stability during the air transport downturn. Smartwings Group, which includes both Smartwings and Czech Airlines, says it has filed with a Prague court for an extraordinary moratorium. The temporary measure provides space to negotiate ...
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NewsAir Baltic half-year net loss grows sevenfold amid crisis
Latvian carrier Air Baltic generated a €185 million ($215 milion) net loss during the first six months 2020, representing a nearly sevenfold increase from a €26.6 million loss in the same period last year.
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NewsGermany to abandon airport testing and reimpose quarantine
Germany is expected to announce this week that it will replace Covid-19 testing at airports for passengers from high-risk countries with a mandatory quarantine period of up to 14 days, prompting dismay from airline representatives.
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NewsCrisis interrupts Croatia Airlines talks to cancel A320neo order
Croatia Airlines has disclosed that it has been discussing the cancellation of its Airbus A320neo order, the latest twist in a single-aisle situation dating back 12 years. Its order for four of the re-engined jets was placed in September 2015 – four months before the type entered service – with ...
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NewsGovernment extends deadline for Air India sale yet again
The Indian government has extended the deadline for the sale of flag carrier Air India by a further two months, attributing it to the Covid-19 pandemic. In an eighth corrigendum published by the Department of Investment and Public Asset Management, the deadline to submit of expressions of interest has been ...
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
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NewsSpirit pilots agree to deal preventing 600 layoffs
Spirit Airlines’ pilots have agreed to work fewer hours as part of a deal that will prevent the airline from needing to lay off 600 of pilots.
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NewsVirgin Atlantic creditors back rescue plan
Virgin Atlantic’s recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan.
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NewsEurope’s air travel recovery runs out of steam
The rebound in the levels of aircraft being operated in Europe has stalled, with indications that several airlines are beginning to pull back on capacity.
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NewsFinnair to cut 1,000 jobs and continue temporary layoffs
Finnair has started negotiations to cut up to 1,000 permanent jobs – 15% of its total workforce – amid “exceptionally tight” travel restrictions in its home country.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsSAS impairs older fleet as it pushes back Airbus deliveries
SAS has pushed back deliveries of two Airbus A350-900s and eight A320neos, which will reduce the Scandinavian operator’s capital expenditure for 2021-24. But the company insists it is “still committed” to achieving an all-Airbus fleet by 2023, to reduce fuel consumption and maintenance costs. “We have made progress on our ...
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NewsNew aircraft-noise rule would do little to quiet the skies: government report
A ban on aircraft that do not meet new noise standards would do little to reduce overall aircraft noise and would impose costly requirements on airlines and aerospace manufacturers.
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NewsWallet, watch, mask and lots of hand sanitiser: wary passengers return to the skies
Face-masked and armed with hand sanitiser and disinfectant wipes, passengers in the USA are returning to air travel in slightly larger numbers even though coronavirus cases continue to steadily rise across the country and a possible vaccine could be months away.
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NewsExpressJet to cease operations on 30 September
ExpressJet will shutter operations at the end of next month after passenger demand sharply declined due to the coronavirus, and United Airlines decided to consolidate its regional flying with another carrier.
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NewsManchester airport shuts one of its terminals again as recovery stalls
Manchester airport is to temporarily close one of its terminals again from next month in a further sign of the slower-than-hoped-for pick-up in travel demand.
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NewsCargolux paints surgical mask on nose door of Boeing 747-8F
The paint scheme is intended to highlight the ”airline’s commitment to the fight against Covid-19”.
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NewsSAA restructuring team sifts through unsolicited investor approaches
More than 10 unsolicited approaches expressing interest in South African Airways have been received from potential investors and partners. The South African government’s department of public enterprises states that the approaches concern SAA and its subsidiaries Mango Airlines, SAA Technical, and catering arm Air Chefs. “[We have] been busy assessing ...
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NewsBrussels Airlines gets approval for €290 million bailout
European competition regulators have given the green light for a €290 million ($343 million) state-support measure for Brussels Airlines to help the carrier recover from the coronavirus crisis.