All Air Transport articles – Page 327
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NewsSpirit predicts Asco purchase will terminate, describes Bombardier buy as uncertain
Spirit AeroSystems expects not to close its planned $420 million acquisition of Belgium company Asco and has raised uncertainty about closing a planned $500 million purchase of Bombardier’s commercial aviation businesses.
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NewsCrisis diminishes cross-border merger prospects: IAG ex-chief Walsh
Former IAG chief executive Willie Walsh believes the prospects for greater cross-border merger freedom have receded in the wake of the air transport crisis, because governments are more likely to act to protect airlines. Speaking at a Eurocontrol event on 22 September, Walsh said he expected consolidation in the form ...
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NewsUS rule on early 777 fuel-tank inerting overrides foreign carriers’ objections
US safety regulators have adopted a controversial rule aimed at modifying early Boeing 777s to reduce the risk of a centre fuel-tank explosion, having dismissed multiple objections by foreign operators of the type. Part of a long-running FAA effort to reduce the risk of fuel-vapour explosion across a range of ...
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NewsTUI brings down winter capacity as short-term booking trend persists
Leisure company TUI Group has further cut its winter capacity, to around the 40% level, as it laments the uncertainty over travel restrictions to which it attributes a persistent trend for short-term bookings. TUI had stated in August that it was reducing capacity for the winter 2020-21 season by 40%. ...
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NewsBoeing lays off pilot group that supports service entry of new aircraft types
Boeing is laying off a group of seven “line-assist instructor pilots” whose work includes helping airlines bring into their fleets aircraft types that those airlines have not previously operated.
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NewsState takes 14% of El Al as Knafaim is displaced as main shareholder
Israel’s government has taken a 14% shareholding in flag-carrier El Al, during a share offering which led to a change in its largest shareholder. Kanfei Nesharim Aviation has acquired a near-43% share of El Al after it picked up more than 585.6 million shares. Even at the minimum price for ...
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NewsRolls-Royce weighs funding options including £2.5bn equity issue
Rolls-Royce is evaluating various options for raising additional funding, including equity of up to £2.5 billion. The engine manufacturer’s share price fell substantially during trading on 21 September as it disclosed the plan, dropping to lows not reached since 2003. “We continue to review all funding options to enhance balance ...
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NewsCathay Dragon suspends KL after coronavirus cases on board
Cathay Dragon has been banned from operating flights to Kuala Lumpur for two weeks, after five passengers on board a recent flight tested positive for the coronavirus. The five passengers were on the Cathay Dragon flight from the Malaysian capital on 18 September. All of them were connecting passengers ...
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NewsSilverstone Fokker 50 wrecked in Mogadishu excursion
Images circulating on social media indicate that a Kenyan-registered Fokker 50 turboprop has been substantially damaged in a 19 September accident at Mogadishu, the capital of Somalia. The aircraft (5Y-MHT) has come to rest apparently after striking a concrete wall off the right side of runway 05, suffering severe damage ...
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NewsSouth African Airways will not be liquidated: government
South Africa’s government is insisting that flag-carrier South African Airways will not be liquidated, and that it will detail measures relating to funding the airline in upcoming legislation. Its department of public enterprises gave the reassurance as creditors met to discuss the airline’s future, after its rescue practitioners warned that ...
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AnalysisEvacuating passengers re-entered cabin after refusing to jump from E195’s wing
Investigators are seeking a reduction in height criteria for assisted emergency exit escape, after passengers evacuating a Flybe Embraer 195 re-entered the jet after refusing to jump from the wing. Several passengers were escorted back into the aircraft and directed to other exits where slides had been deployed. The aircraft ...
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NewsIcelandair Group receives strong response to share offer
Icelandair Group has received a strong response to its share offering, with an oversubscription reaching some 85% more than the planned allocation. The offering – initially intended to cover IcKr20 billion ($147 million) in new shares, through separate share batches of IcKr17 billion and IcKr3 billion – closed on 17 ...
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NewsBoeing’s Allen succeeds Raymond as head of strategy with direct report to CEO
Boeing has named Marc Allen as chief strategy officer, effective 1 October, a move that could signal renewed focus by Boeing on developing an overarching corporate strategy amid an uncertain time.
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NewsEl Al signals intention to restart limited number of flights
Israeli carrier El Al is aiming to start restoring flights this month, beginning with a gradual resumption of cargo services on its aircraft. It says the cargo flights will begin returning on 21 September. El Al is intending to follow these flights with a restoration of passenger operations from 1 ...
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Airline BusinessCruz control: how BA chief dealt with parliamentary probe
While MPs attempted to pin down the flag carrier’s dealings with its employees, the airline’s boss made sure the transport select committee was left in no doubt about the state of the industry.
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NewsBAE to design fly-by-wire system for Aerion’s AS2 supersonic business jet
UK aerospace company BAE Systems will develop the fly-by-wire flight-control system for Aerion Supersonic’s AS2 in-development high-speed business jet, adding another high-profile supplier to Aerion’s roster of partners.
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NewsCrisis spurs competition regulator to prolong Oneworld transatlantic pact
UK competition regulators have imposed interim measures to address concerns over transatlantic routes operated under the Oneworld alliance’s joint business arrangement, having opted not to accept concession proposals put forward earlier this year. Oneworld carriers British Airways and American Airlines had offered slots at London Heathrow or Gatwick to alleviate ...
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NewsSAA creditors to meet as critical rescue funds fail to materialise
South African Airways’ rescue practitioners are to call a meeting of creditors to discuss the future of the troubled company after doubts emerged over crucial government funding for the airline’s business plan. The practitioners had warned on 10 September that procuring the funding necessary to support the plan was one ...
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NewsIsrael’s dormant Arkia to ‘survive’ after deal to cut workforce
Israeli leisure carrier Arkia’s employees have agreed a restructuring which involves cutting about a quarter of the airline’s personnel, reducing its workforce to around 400. The agreement follows months of negotiations and includes a phased salary-reduction mechanism to be imposed across all the company’s activities – although it will not ...
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NewsChinese ‘Big Three’ expected to report profits in Q3: HSBC
A HSBC Global Research report predicts that China’s three main airlines will report profits for the quarter ended 30 September, led mainly by a rapid recovery in domestic air travel demand in recent months. It notes that the ‘Big Three’ — Air China, China Eastern Airlines and China Southern Airlines ...