All Air Transport articles – Page 354
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NewsLufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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NewsThomas Cook failure crippled passengers' protective trust fund
Leisure firm Thomas Cook Group’s collapse resulted in a £481 million drain on the protective Air Travel Trust Fund, leaving the fund with sparse resources, a UK National Audit Office investigation states. While the Civil Aviation Authority expects the fund to remain in surplus, the investigation points out that it ...
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NewsTextron Aviation plans four weeks of furloughs for US staff
Business aircraft maker Textron Aviation is furloughing “most” US staff for four weeks and “adjusting” production as an initial response to the impact of the coronavirus pandemic.
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NewsEl Al puts most personnel on two months' leave
Israeli flag-carrier El Al has put 5,500 personnel on unpaid leave until the end of May, following the cuts to its network in the face of the coronavirus crisis. El Al employs some 6,350 staff overall. It has been holding talks with the Israeli ministry of finance regarding government support ...
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NewsDOT issues final order denying antitrust immunity for Hawaiian-JAL joint venture
The US Department of Transportation has issued a final order denying a request of antitrust immunity for Hawaiian Airlines’ proposed joint venture with Japan Airlines.
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NewsLatest SpaceJet M90 test aircraft embarks on first flight
Mitsubishi Aircraft’s SpaceJet M90 flight-test vehicle 10 took off on its maiden sortie on 18 March. The aircraft, FTV10, registered JA26MJ, took off from Nagoya and conducted a series of performance tests over the Pacific Ocean. Two hours later, the aircraft returned to Nagoya. Source: Mitsubishi Aircraft Flight ...
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NewsPressured SA Express suspends services until further notice
South African regional carrier SA Express is suspending operations until further notice, in response to various pressures on the airline. While it mentions the impact of the coronavirus outbreak, SA Express indicates this is only one consideration behind its decision, attributing the suspension to “adverse recent developments”. The airline had ...
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NewsChicago Midway airport control tower closes due to coronavirus infection
The air traffic control tower at Chicago Midway International airport has temporarily closed after three members of the staff tested positive for the coronavirus.
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NewsPresident Trump: US will ‘protect’ Boeing from coronavirus fallout
President Donald Trump says the US government will “protect” Boeing from the adverse effects of the coronavirus downturn, suggesting financial aid to Boeing and other aerospace companies may be part of a pending economic relief plan.
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NewsUS airline group details $58bn government aid request
The group, as previously reported, has asked for $50 billion in support of passenger airlines. But it also requests $8 billion for cargo carriers, and tax breaks from a fund that generated almost $16 billion in fiscal year 2018 revenue. It is receiving criticism after many airlines spent free cash flow on stock repurchases recently.
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NewsBrussels Airlines to shut down for a month
Brussels Airlines has become the latest carrier to shut down services in the wake of the coronavirus outbreak, suspending all scheduled flights for a month. It says the services will be gradually wound down and then halted on 21 March and will not restart until 20 April. “We need to ...
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NewsSwiss bolsters senior management to face coronavirus fallout
Swiss has shored up its management teams in order to provide greater corporate stability as the Lufthansa Group carrier deals with the consequences of the coronavirus outbreak. It has installed Markus Binkert as its chief financial officer – a position which had been left vacant – and appointed Thomas Frick ...
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NewsAlitalia to be renationalised under broad emergency decree
Italy’s government has indicated that it will renationalise struggling flag-carrier Alitalia as part of a broad set of emergency measures in response to the coronavirus outbreak. The government says, in a decree published on 16 March, that the epidemic is being formally recognised as a “natural disaster and exceptional event”. ...
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AnalysisPandemic heaps fresh pressure on Boeing as 737 Max grounding continues
The coronavirus pandemic, combined with the 737 Max grounding, could leave Boeing facing challenges more significant than it has experienced in perhaps 50 years, say some aerospace analysts.
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Airline BusinessHow coronavirus could impact airliner fleets across the globe
Worldwide fleet comprises over 25,000 aircraft, but what could effect be across regions?
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NewsEU plans 30-day travel ban and state aid framework
European Commission president Ursula von der Leyen has unveiled proposals for a 30-day restriction of travel to the European Union, as well as development of a framework for state aid to affected businesses. Von der Leyen says EU member states have been taking measures intended to reduce pressure on the ...
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NewsStartled 747 excursion crew delayed cutting power after engine stall
Dutch investigators have concluded that a Boeing 747-400ERF crew was startled by an engine compressor stall during the take-off roll, and consequently failed to reduce thrust in time to prevent a runway excursion. The Turkish-registered MyCargo Airlines aircraft had been operating from Maastricht, bound for Jeddah, on behalf of Saudia ...
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NewsIAG not seeking state aid as Virgin appeals for government credit
IAG has not approached governments for state aid to assist the company through the coronavirus crisis, chief executive Willie Walsh has disclosed. Speaking during a 16 March briefing, Walsh said the company had not followed other individual carriers in seeking financial assistance from governments. “Governments would expect airlines to look ...
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NewsIAG looks at recruiting passenger jets to serve critical freight lines
IAG is considering recruiting some of its passenger aircraft for air freight operations, to ensure that essential cargo supplies are maintained as the coronavirus crisis persists. Chief executive Willie Walsh, speaking during a 16 March briefing, said that governments “need to appreciate” that there is a strong cargo demand, and ...
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NewsIAG to accelerate retirement of older BA and Iberia aircraft
British Airways and Iberia parent IAG is considering accelerating the retirement of older aircraft in the fleet – including some Boeing 747-400s and Airbus A340-600s – as part of the capacity-reduction measures being introduced to deal with the coronavirus outbreak. Speaking during a 16 March briefing, IAG chief executive Willie ...