News from FlightGlobal – Page 600
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NewsAzul to sub-lease E195 fleet to LOT and US start-up
Azul is to sub-lease its entire fleet of Embraer 195s to Polish flag-carrier LOT and US start-up Breeze Aviation, in order to accelerate a transition to the more fuel-efficient E195-E2 variant. The Brazilian airline has disclosed a letter of intent for the sub-lease of 18 firm aircraft and 14 options ...
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NewsSAA secures critical funding while business rescue plan is finalised
South African Airways has secured offers from a financial institution to provide the additional critical funding necessary to bridge the period until its business rescue plan is adopted. The beleaguered flag-carrier says its business rescue practitioners have held “fruitful” discussions with the Development Bank of Southern Africa, based at Midrand ...
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NewsRyanair renews attack on Flybe rescue deal
Ryanair group chief executive Michael O’Leary has ratcheted up his criticism of the UK government’s rescue of Flybe, describing the business model of the regional carrier “doomed to fail” and arguing that the deal contravenes state-aid rules.
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NewsProfitable Air Astana cautious over Chinese virus impact
Kazakh carrier Air Astana has highlighted the uncertain potential impact from the Chinese coronavirus outbreak on its operations, after unveiling a strong rise in full-year net profit. Air Astana says its net profit for 2019 reached just over $30 million, a substantial improvement on the previous figure of $5.3 million. ...
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NewsEASA issues safety bulletin on Wuhan coronavirus outbreak
As the spread of the novel coronavirus (2019-nCOV) continues both in China and across the world, Europe’s safety regulator has issued a safety information bulletin with recommended measures for airlines and airports to take in dealing with the outbreak. The European Union Aviation Safety Agency (EASA), in its bulletin, recommends ...
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NewsCaspian MD-83 overrun crew requested opposite-direction runway: inquiry
Preliminary information from Iranian accident investigators indicates that the crew of a Caspian Airlines Boeing MD-83 requested to land in the opposite direction to the runway in use, before the jet overran at Mahshahr. The Civil Aviation Organisation says that the MD-83’s pilot was “notified” that runway 31 was in ...
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NewsIndian government seeks expressions of interest in Air India sale
India’s government is seeking expressions of interest from investors following its approval, in principle, for the divestment of flag-carrier Air India – with the entire share capital on offer, along with the whole of Air India Express and 50% of its handling joint venture AISATS. Financial services specialist EY has ...
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NewsANA’s third A380 emerges from Airbus paint shop with orange turtle livery
Japanese carrier ANA’s third and final “Flying Honu” Airbus A380 rolled out from the airframer’s paint shop in Hamburg on 24 January.
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NewsGerman Airways looks to hire 'dozens' of Embraer pilots
German Airways is to bring in another three Embraer 190s this year as part of its transition to an all-jet fleet. The carrier has emerged from parent Zeitfracht Group’s combination of regional operators LGW and WDL. LGW has 15 Bombardier Q400s while WDL has four E190s in service. German Airways ...
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NewsIndiGo eyes international growth as Q3 profit more than doubles
IndiGo will focus on increasing capacity on routes outside its home market to ensure an even split between international and domestic services, after facing strong competition from other low-cost carriers within India.
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NewsWizz stays with P&W for another 166 Airbus jets
Central European budget carrier Wizz Air is staying with Pratt & Whitney for another 166 Airbus A320neo-family jets. The agreement to take the PW1100G engine covers 90 aircraft from a 2016 deal plus a further 56 A320neos. It also covers the 20 A321XLRs recently ordered by the carrier – although ...
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NewsFastjet Group still trying to finalise sale of Zimbabwe operation
African budget carrier operator Fastjet Group believes it has sufficient resources to meet operational needs until the end of March, as it scrambles to finalise a deal to sell its Zimbabwe airline to investors. The company had previously warned, last November, that it faced a February deadline to secure additional ...
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NewsLOT parent to start Condor 767 replacement by 2024
Condor’s new Polish owner intends to replace the 16 ageing Boeing 767s operated by the airline with a larger fleet of long-haul aircraft.
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NewsLOT Polish Airlines parent agrees to buy Condor
The owner of LOT Polish Airlines has agreed to purchase former Thomas Cook Group subsidiary Condor
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NewsAngkasa Pura I to lease ATR freighters for cargo operations
Indonesian airport operator Angkasa Pura I (AP I) is leasing two ATR 72-500 freighters from Pelita Air Service for its logistics arm to operate air cargo services. The company says that the aircraft will operate from Jakarta to Balikpapan and Makassar later this year, but did not specify the nature ...
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NewsNokScoot gets $6.6 million loan from major shareholder
NokScoot has obtained a Bt200 million ($6.56 million) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s chief executive, Wutthiphoom Jurangkool. In a disclosure to the Stock ...
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NewsJetBlue cautious in Q1 amid Puerto Rico quakes
JetBlue Airways Corporation on 23 January reported a net profit of $161 million during the fourth quarter of 2019 that slightly beat analyst expectations despite being a 5% decline year-on-year versus $170 million in 2018. The New York-based carrier during the fourth quarter reported $2 billion in operating revenue, up ...
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NewsBoeing 737 Max grounding cost Southwest $828m in 2019
Southwest Airlines says that it lost almost a billion dollars in operating income due to the grounding of the Boeing 737 Max aircraft, as it joins other airlines in scrambling to find capacity and make up for the jet’s ongoing problems.
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NewsAsian carriers suspend Wuhan flights in wake of virus outbreak
Several Asian carriers have suspended flights to Wuhan, as the Chinese city is put on lockdown to contain a respiratory virus outbreak.
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NewsUnited commits to EPS target with or without Max
United Airlines focused its 22 January fourth-quarter 2019 financial results call with analysts on the earnings metric itself, with president and soon-to-be chief executive Scott Kirby saying “that is the key metric” given the uncertainty surrounding the return to service of the Boeing 737 Max. “We want to focus our ...