All Airlines articles – Page 344
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NewsVirgin Atlantic creditors back rescue plan
Virgin Atlantic’s recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan.
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NewsEurope’s air travel recovery runs out of steam
The rebound in the levels of aircraft being operated in Europe has stalled, with indications that several airlines are beginning to pull back on capacity.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsNew aircraft-noise rule would do little to quiet the skies: government report
A ban on aircraft that do not meet new noise standards would do little to reduce overall aircraft noise and would impose costly requirements on airlines and aerospace manufacturers.
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NewsWallet, watch, mask and lots of hand sanitiser: wary passengers return to the skies
Face-masked and armed with hand sanitiser and disinfectant wipes, passengers in the USA are returning to air travel in slightly larger numbers even though coronavirus cases continue to steadily rise across the country and a possible vaccine could be months away.
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NewsExpressJet to cease operations on 30 September
ExpressJet will shutter operations at the end of next month after passenger demand sharply declined due to the coronavirus, and United Airlines decided to consolidate its regional flying with another carrier.
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NewsManchester airport shuts one of its terminals again as recovery stalls
Manchester airport is to temporarily close one of its terminals again from next month in a further sign of the slower-than-hoped-for pick-up in travel demand.
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NewsBrussels Airlines gets approval for €290 million bailout
European competition regulators have given the green light for a €290 million ($343 million) state-support measure for Brussels Airlines to help the carrier recover from the coronavirus crisis.
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NewsScoot converts A320 into temporary freighter
Singapore-based low-cost carrier Scoot has begun cargo charter operations using a freight-optimised Airbus A320ceo, tapping on demand as an alternative revenue source. The aircraft, registered 9V-TAZ, underwent a four-day modification programme earlier this month. That involved the removal of all 180 seats, as well as the installation of placards to ...
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NewsChinese carrier Q2 losses expected to narrow amid domestic recovery: HSBC
China’s three largest carriers — Air China, China Eastern Airlines and China Southern Airlines — are expected to see losses narrow in the second quarter helped by strong domestic traffic recovery and a flat Chinese Yuan against the US dollar.
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NewsQantas International chief exits amid consolidation
Qantas Group is trimming and reorganising its executive team in response to the ongoing Covid-19 crisis, with the changes coming into effect on 1 September. The chief executive of Qantas International, Tino La Spina, will leave Qantas Group “in light of what is likely to be the extended grounding of ...
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NewsFiji Airways now ‘focused on survival’ after bumper year in 2019
Fiji Airways had a bumper year in 2019, increasing its revenue, profit and passenger numbers despite high-priced fuel, foreign exchange fluctuations and increased competition from major shareholder Qantas, but 2020 saw the airline enter survival mode after the Covid-19 pandemic struck. Group operating profit before tax for the year ended ...
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NewsUkrainian 737 recorders indicate crew survived initial missile strike
Flight recorders from the Ukraine International Airlines Boeing 737-800 shot down over Tehran captured 19s of information after the first missile strike, and revealed discussions in the cockpit on the state of the stricken aircraft. Both the cockpit-voice and flight-data recorder were cut off after 19s and did not register ...
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NewsAirlines walk tightrope on pilot furloughs
Airlines find themselves facing a critical dilemma as they resize their networks for a new post-coronavirus normal, and must walk a tightrope between furloughing pilots and keeping them on staff to maintain their network flexibility, experts say.
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NewsLufthansa ticket refund bill reaches €2.3 billion
Lufthansa Group has disclosed it paid more than €2.3 billion ($2.7 billion) in ticket refunds to almost 5.4 million customers so far this year.
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OpinionBoeing’s challenge to address the reputational crisis around Max brand
Seattle’s marketing strategy is in the spotlight amid renewed speculation about its commitment to the name. But is a rebrand the right solution?
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NewsBritish Airways’ union calls for strike action
British Airways staff represented by the Unite union have “overwhelmingly” called for strike action over the airline’s plans for job losses and changes to employment terms.
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NewsHandler Swissport to deleverage under financial restructuring scheme
Ground-handling firm Swissport is set to undergo an extensive restructuring, having obtained a commitment for €300 million ($354 million) in liquidity from creditors. The transaction would take its overall liquidity to €500 million by adding to the €200 million currently available to the company.. This interim funding would ultimately be ...
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NewsVietnamese airlines press PM for liquidity support
Vietnamese airlines have asked the government to set up a credit package of D25-27 trillion ($1.1-1.3 billion) to help see them through the coronavirus crisis. According the Civil Aviation Authority of Vietnam (CAAV), the Vietnam Association of Aviation Enterprises has made a direct appeal to the prime minister’s office. ...
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NewsLessor NAC swings to $639m loss in ‘extremely challenging’ year
Nordic Aviation Capital (NAC) could have delivered its strongest-ever results in fiscal year (FY) 2019/2020, based on first-half performance, had it not been for the Covid-19 pandemic. “The company was on track to deliver its 24th consecutive year of increased profitability; however, as Covid-19 began to surface in early 2020, ...