News from FlightGlobal – Page 544
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NewsSwiss parliament votes for CO2 tax on air tickets
Switzerland’s parliament has voted in favour of introducing an environmental levy on airline tickets.
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NewsZeitfracht sells stake in Romania’s Blue Air
German logistics firm Zeitfracht Group has divested its stake in Romanian low-cost operator Blue Air.
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NewsLufthansa to cut 22,000 jobs
Lufthansa Group has outlined plans to cut the equivalent of 22,000 full-time jobs, half of which will be in Germany, and operate 100 fewer aircraft as it recovers from the effects of the Covid-19 crisis.
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NewsUK government issues flight-resumption guidance
UK government officials have published new guidelines aimed at enabling the country’s air transport sector to “bounce back” safely when Covid-19 travel restrictions are eased.
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NewsA321 hit windshear before short landing and tail-strike
US investigators have determined that an American Airlines Airbus A321 landed short of the runway and suffered a tail-strike after encountering a microburst on approach to Charlotte-Douglas airport. But the National Transportation Safety Board points out that the crew had not adopted the airline’s guidance on approach speed and aircraft ...
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NewsAlliance Aviation plans $85m equity raise to acquire aircraft
Australia’s Alliance Aviation is looking to raise around A$122 million ($85 million) in equity capital, for acquiring aircraft to take advantage of growth opportunities. This comprises $A91.9 million via a fully underwritten institutional share placement and a A$30 million target from a non-underwritten share purchase plan extended to existing shareholders. ...
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NewsHeathrow operator cuts jobs as quarantine measure prolongs traffic misery
London Heathrow airport’s operator is cutting jobs as it warns that the UK government’s newly-introduced quarantine policy for arriving passengers is contributing to a situation in which employment levels cannot be maintained. The controversial quarantine regulation, requiring 14-day isolation for arriving passengers, has been heavily criticised by airlines. Heathrow’s operator ...
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NewsAir New Zealand addresses media report on capital raising
Air New Zealand says it continues to assess funding options available to it, in response to a recent media report about a potential capital raising. The airline is listed on both New Zealand’s Exchange and the Australian Securities Exchange. It said in an 11 June stock-exchange disclosure: “Air New Zealand ...
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NewsPakistan prime minister receives ‘detailed roadmap’ on PIA reform
Pakistan International Airlines, which in May suffered a fatal crash in Karachi, must undergo reforms including increasing revenue and upgrading its aircraft, Pakistan’s prime minister Imran Khan has said. The flag carrier’s chief executive Arshad Malik, who was reinstated to his position in March following a court dispute over his ...
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NewsLaGuardia Terminal B arrivals hall opens
A new arrivals and departures hall at LaGuardia airport’s Central Terminal opened on 10 June, marking another stage in the completion of the terminal’s overhaul.
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NewsCoronavirus could be killed in aircraft interiors using heat, early results show
The US Air Force Research Laboratory has shown that common ground heaters could be used to raise the temperature of aircraft interiors to levels sufficient to kill the coronavirus and other biological contaminants.
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NewsAmerican Airlines sees encouraging demand trend
American Airlines says it has transported an average of 127,000 passengers daily in June so far, up from a low of 32,000 passengers in April, as travelers once again take to the sky while the global coronavirus crisis enters its fourth month.
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NewsExternal carriers should be handed repatriation services: South African opposition
South Africa’s shadow public enterprises minister is insisting that the government ease air transport pressures by allowing other operators to conduct repatriation services. Ghaleb Cachalia, from the opposition Democratic Alliance party, argues that South African Airways – which has been mired in a drawn-out business rescue process – does not ...
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NewsJet fuel prices firming on stronger crude and tighter supply
Jet fuel prices have continued to increase following the dramatic declines earlier in the year, although with the collapse in demand it remains extremely weak by normal standards. Energy data provider ICIS – which like Cirium is RELX-owned – priced jet fuel for barge delivery to northwest Europe at $309-310 ...
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NewsEuropean Commission approves €1.2 billion bailout for TAP
Portugal has won approval from the European Commission to provide a €1.2 billion ($1.4 billion) state rescue loan to its national carrier TAP to address “immediate liquidity needs”.
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NewsMoldovan start-up HiSky signs for dry-leased A320
Start-up European operator HiSky Moldova has agreed to acquire its first aircraft, an Airbus A320, under a deal with US lessor Air Lease. HiSky Moldova will receive the used aircraft in July, according to the lessor. It intends to operate from its Chisinau base initially to six destinations, including London, ...
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NewsFinnair embarks on €500m share issue
Finnair has embarked on a €500 million rights issue which will centre on the release of up to 1.279 billion new shares in the company to strengthen its equity and liquidity. The issue carries conditions including limiting managers’ salaries up to 2022 and restricting it from making acquisitions. Finnair will ...
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NewsPhilippine Airlines parent slips into first-quarter loss
PAL Holdings, the parent company of Philippine Airlines, has posted an operating loss of Ps6.55 billion ($131 million) for the first quarter of 2020, a sharp reversal of the Ps2.53 billion operating profit in the same period last year. Revenue for the quarter ended 31 March fell 18.3% year on ...
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NewsHyundai Development renegotiating Asiana acquisition: reports
Hyundai Development (HDC) is looking to renegotiate its acquisition of a 31% stake in Asiana Airlines from Kumho Industrial. This has been sparked by an increase in Asiana’s debt burden and HDC appealed to the airline’s state-funded creditors to offer it support, Reuters reported on 9 June. HDC has notified ...
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NewsUS flight attendants call for extension of government aid until year-end at minimum
The union representing US flight attendants has called on Congress to extend government financial assistance for airlines through the end of the year.