News from FlightGlobal – Page 589
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NewsEl Al predicts deeper financial impact from coronavirus
Israeli flag-carrier El Al is looking to take cost-saving measures after predicting a deepening financial impact on its operations from the coronavirus outbreak. El Al is forecasting a $50-70 million cut in its revenues for the first four months of this year, January-April. This includes a reduction of $40-50 million ...
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NewsBoston to Nantucket: Cape Air’s new P2012 Traveller
The pilot goosed the throttles, the Lycoming TEO-540-C1A engines whined and the Cape Air Tecnam P2012 Traveller accelerated briskly along Boston Logan International airport’s Runway 22R.
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NewsEuropean regulators open new state aid probe into Alitalia loan
European Commission competition regulators have opened an in-depth state aid investigation into a €400 million ($438 mlllion) loan granted by the Italian state to Alitalia.
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NewsRolls-Royce shrugs off defections from Trent 1000 to GEnx
Rolls-Royce insists the Trent 1000 remains a competitive powerplant despite the technical problems, and the defection of high-profile customers to the rival General Electric GEnx. Japan’s All Nippon Airways has opted for the GEnx, rather than the incumbent Trent, for its latest batch of Boeing 787s. Air New Zealand also ...
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NewsFly540 Dash 8 lands on rough ground after engine failure
One of Kenyan regional carrier Fly540’s Bombardier Dash 8-300 turboprops has made an emergency landing, apparently on open ground, after an engine failure. The aircraft (5Y-CGH) came down near Kapese, an airfield in north-western Kenya. Fly540 says the aircraft sustained a “suspected foreign-object strike” which resulted in an engine failure. ...
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NewsAeroflot takes first A350 and confirmed as behind previously undisclosed order
Aeroflot has taken delivery of the first of 22 on-order Airbus A350-900s, which will be used to replace its A330 fleet.
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NewsSAA's 'complex' rescue plan pushed back to end-March
South African Airways’ restructuring plan has been pushed back to the end of March, as the airline’s business rescue practitioners seek further time to address the complexity of the effort. The practitioners have informed that the extension of the deadline to publish the plan – from 28 February to 31 ...
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NewsAirbus carries out first flight of 251t A330neo
Airbus has commenced test flights with the first A330-900 with the higher maximum take-off weight of 251t. The airframer confirms that aircraft MSN1967 – bearing the test registration F-WWCE – lifted off from Toulouse at 12:27 local time on 28 February (below). Source: Airbus Airbus has been ...
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NewsFinnair seeks savings as it rapidly rethinks coronavirus impact
Finnair is taking a more pessimistic view of the potential impact from the coronavirus outbreak, expecting it to result in significantly lower operating profits for the first half. It is looking to trim costs by €40-50 million ($44-55 million) to cope with the threat to its revenue streams, and is ...
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NewsAirAsia X to renegotiate aircraft leases, defer A330neos
AirAsia X will ask lessors for lease reductions across its entire fleet as the coronavirus crisis puts a strain on its business. The Malaysian low-cost long-haul carrier has targeted a 30% lease reduction and plans to renegotiate maintenance reserves. It is also seeking the early return of five leased aircraft ...
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NewsStrong IAG full-year profits dip but coronavirus clouds 2020 outlook
British Airways and Iberia parent IAG’s operating profit before exceptional items slipped 5.7% for the full year in 2019 to €3.29 billion as its fuel costs rose.
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NewsRolls-Royce provisions for loss-making Trent 1000 TEN contracts
Rolls-Royce is taking a £459 million ($591 million) charge provision to recognise that some future Trent 1000 TEN contracts will become loss-making as a result of margins being affected by the blade issues affecting the engine. The engine manufacturer says the situation affects a “small number” of contracts, the result ...
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NewsJakarta mulls debt restructuring for Garuda
Indonesia is looking to restructuring Garuda Indonesia’s debts as the maturity of one of its bonds, with a face value of $500 million, draws close. “Garuda at this point of time is under extraordinary pressure as [some of its] debt are maturing. And we will be sure to restructure [the ...
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NewsAirAsia X cuts 2019 loss despite revenue decline
AirAsia X narrowed its operating loss to MYR90.1 million ($21.3 million), despite a decline in passenger numbers which affected its total revenue. The loss posted in 2019 is an improvement to the MYR204 million loss made in 2018. Revenue for the year ended 31 December 2019 declined 4% to MYR4.4 ...
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NewsNok Air optimised fleet and narrowed 2019 losses
Nok Air saw efficiency gains from implementing a turnaround programme last year and narrowed financial losses, but ended 2019 in a weaker cash position. The Thai low-cost carrier says it is expanding route and flight network, aircraft utilisation rate and “efficiency in business operation”, while reducing its fleet will allow ...
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NewsUS airlines could experience short-term hit from coronavirus
While Asian airlines have borne the brunt of the coronavirus crisis so far, US carriers are closely monitoring the situation, and will likely take a short-term loss as the US government sends mixed messages and bookings begin to decline.
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NewsSAS flags engine concerns as it looks to pick new regional fleet type
SAS is concerned about the powerplant reliability issues as it prepares to select an aircraft type on which to base a future regional operation. The Scandinavian carrier has indicated that the Airbus A220 and Embraer E2 family are the candidates under consideration. But both are powered by versions of the ...
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NewsJambo Jet boss named permanent chief executive of Kenya Airways
Kenya Airways has confirmed Allan Kilavuka, the head of its budget unit JamboJet, as its new chief executive and group managing director on a permanent basis.
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NewsCargoLogicAir suspends operations as Chinese situation bites
UK freighter operator CargoLogicAir has confirmed to FlightGlobal sister publication Air Cargo News that it has suspended operations as its exposure to China takes its toll. In a short statement, the Boeing 747 carrier – and the UK’s only maindeck freighter operator – said that “due to the latest market ...
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NewsAirAsia slips to full-year loss
AirAsia Group has reported a full-year net loss of MYR286 million ($67.9 million) for 2019, after a MYR1.7 billion net profit the previous year. The airline group says the negative result was due partly to “accounting treatment” associated with its move from owning to leasing aircraft, and partly to losses ...