News from FlightGlobal – Page 548
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NewsCovid-19 pushes IndiGo to fourth-quarter net loss
Indian low-cost carrier IndiGo slipped to a net loss of Rs8.7 billion ($116 million) in its fiscal fourth quarter, from a near-Rs6 billion net profit a year ago, as Covid-19 flight restrictions “significantly impacted” revenue.
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NewsUtair 737 hit 1.1m snow bank short of runway: inquiry
Investigators have determined that snow-clearance at Usinsk airport was inadequate before a landing accident in which a Utair Boeing 737-500 struck a shallow snow bank, about 1.1m high, situated 32m before the runway. The inquiry has also revealed that the aircraft was consistently slightly low on its descent path during ...
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NewsEasyJet to meet rivals head-on in summer price war
EasyJet is slashing its summer fares as it prepares to operate around half of its 1,022 routes in July and nearly three-quarters in August.
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NewsBain Capital and Cyrus Capital on Virgin Australia shortlist
Bain Capital and Cyrus Capital Partners are on the final shortlist of potential buyers for Virgin Australia. “The next stage in this sale process begins today,” administrator Deloitte said on 2 June. Deloitte will facilitate engagement between the preferred bidders and business stakeholders in the coming weeks, ...
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NewsICAO task force outlines guidelines for restarting air travel
An ICAO task force has published its recommendations to aid the restart of international air transport following its virtual grounding from the coronavirus pandemic. ICAO’s Aviation Recovery Task Force drew up the guidelines after consulting with countries, regional organisations, the World Health Organisation and aviation industry groups. The task force’s ...
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NewsSouth African carriers urge system stress-test to speed recovery
South African carriers are urging the government to stress-test the early restoration of domestic air services, to quicken the introduction of an expanded route network. Operators have been forced to suspend services after South Africa entered a national lockdown on 26 March. The government’s coronavirus response plan entered a new ...
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NewsSIA and SilkAir maintain steep capacity cuts in June and July
Singapore Airlines and SilkAir have announced flight schedules for June and July, which represent an approximately 94% cut against the original capacity scheduled. Apart from serving four destinations in Australia, the carriers will fly to only one or two cities in each destination country. SilkAir will operate on routes to ...
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NewsAirlines reinstate flights to US vacation spots as cities re-open
As traditional US summer holiday spots like Orlando and Las Vegas begin loosening restrictions after an almost-three-month coronavirus-forced hibernation, airlines are seeing passenger interest rise to these destinations, but also across their networks.
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NewsLufthansa Group urges shareholder support for aid package
Lufthansa Group’s supervisory board has given its approval to stabilisation measures offered by the German federal WSF fund, accepting the conditions attached by the European Commission. The company is formally recommending that shareholders similarly approve the measures during an extraordinary general meeting set for 25 June. “It was a very ...
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NewsSAA draft rescue plan signals termination of half its fleet leases
South African Airways’ rescuers are terminating leases on nearly half the airline’s 40 leased aircraft, while those on another 15 have been undergoing renegotiation. The carrier had a fleet of 49 jets when it entered the business rescue process on 5 December last year, including nine A340-300s and -600s that ...
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NewsClark to continue Emirates involvement as retirement looms
Emirates Airline president Tim Clark is due to step down this month and with no successor yet publically identified, he confirms his involvement with the airline will continue.
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NewsCongo Airways eyes expansion within Africa as competitors struggle
Congo Airways’ decision to swap orders for Embraer 175s to larger E190-E2s party reflects an effort by the company to expand on routes previously served by financially struggling competitor South African Airways (SAA).
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NewsClark: Cash-flow concerns likely to seriously impact new aircraft demand
Emirates Airline president Tim Clark expects the coronavirus-related cash flow crisis will result in a significant number of order deferrals and cancellations as airlines wrestle with the size and shape of their fleets.
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NewsEmirates’ Clark expecting tough 2020 then slow near-term recovery
Industry will have to “tough it out” for the remainder of this year as it reels from the coronavirus pandemic, but Clark is optimistic that business will begin to improve gradually during 2021.
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NewsDraft plan indicates restructured SAA would lose R20bn in first three years
Preliminary projections for a restructured South African Airways indicate the carrier would lose close to R20 billion ($1.1 billion) over the first three years, before it started turning a profit. The operation would have a fleet of 40 aircraft, according to a draft business plan obtained by the country’s political ...
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NewsJet2 parent to focus on airline after selling logistics business
UK budget carrier Jet2’s parent, Dart Group, has sold its sister logistics business to investor Culina Group. The divestment of Fowler Welch, for a gross cash consideration of £98 million, leaves Dart Group able to concentrate exclusively on the leisure airline operation. Jet2 is based at Leeds Bradford airport and ...
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NewsHong Kong airport gradually reopens to transit passengers
Hong Kong International Airport (HKIA) has, from today, resumed allowing some transit passengers to use the airport. “From 1 June 2020 until further notice, only transit/transfer passengers who have been checked through at the origin port and take transit/transfer flights operated by the same airline group are accepted at HKIA,” ...
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NewsEmirates concludes that job cuts are required as coronavirus takes toll
Emirates plans to cut an unspecified number of jobs as the coronavirus pandemic takes its toll on the Gulf carrier. The Dubai-based airline said on 31 May that it has come to the conclusion that “we unfortunately have to say goodbye to a few of the wonderful people that worked ...
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NewsCompetition watchdog keeps eye on Qantas’ stake in Alliance
The Australian Competition and Consumer Commission (ACCC) has provided an update on its investigation into Qantas’ acquisition of a 19.9% stake in Alliance Aviation, the parent company of Alliance Airlines, on 1 February 2019. “The Australian aviation industry is in a state of major upheaval and now, more than ever, ...
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NewsBritish Airways boosts two 777s’ cargo capacity
Two of British Airways’ Boeing 777-200s have had their seats and interiors removed to increase their cargo-carrying capacity. One of the jets is today being flown to Beijing in order to collect personal protective equipment, food, medicine, and other cargo. “With demand for passenger travel still very low, working with ...