All Airlines articles – Page 377
-
NewsSAS finalises $335 million state-backed credit facility
Scandinavian carrier SAS has signed an agreement for a SKr3.3 billion ($335 million) three-year revolving credit facility which is 90% guaranteed by the Swedish and Danish governments.
-
NewsLufthansa reluctant to accept state aid with conditions attached
Lufthansa Group is holding “intensive talks” with governments in Germany, Austria and Belgium about the provision of state aid to help its airlines survive the coronavirus crisis, but the company appears reluctant to accept any support that comes with conditions attached. In a speech to shareholders at Lufthansa’s annual general ...
-
NewsExcessive derotation on landing buckled Delta 757’s fuselage
Portuguese investigators believe a failure to control the derotation of a Delta Air Lines Boeing 757-200 resulted in a heavy nose-gear impact severe enough to buckle the fuselage. The aircraft (N543US), arriving in the Azores from New York JFK on 18 August last year, had touched down normally with its ...
-
NewsRyanair carries out just 600 scheduled flights in April
Europe’s biggest passenger airline Ryanair operated just 600 scheduled flights carrying 40,000 people in April as the airline was all but grounded by the coronavirus pandemic.
-
NewsAsia-Pacific governments cautious on cross-border travel
Asia-Pacific governments are taking a tentative approach to opening up international travel as the coronavirus pandemic starts to abate, with the possibility of a “bubble” containing Australia and New Zealand. In a press briefing following a virtual meeting with Australia’s national cabinet, New Zealand prime minister Jacinda Arden said that ...
-
NewsQantas puts Project Sunrise on hold
Qantas is putting Project Sunrise on hold, citing the impact of the Covid-19 outbreak on air travel. “We do think there is a huge potential for Project Sunrise but the time is not right now given the impact that Covid-19 has had on world travel,” chief executive Alan Joyce said ...
-
NewsATSB, ATR clarify ignition settings for flameouts
Following a double engine flameout on a Virgin Australia ATR 72-600, the airframer issued a clarification about the appropriate use of automatic and manual ignition. The incident occurred during the early evening of 13 December 2018 as the aircraft (VH-FVN) operated flight VA660 on the Sydney-Canberra route in stormy weather, ...
-
NewsAeroflot Superjet crash probe awaits fire and structural analyses
Russian investigators probing the Aeroflot Sukhoi Superjet 100 crash at Moscow Sheremetyevo a year ago are still awaiting results of specific fire and structural analyses before releasing their final findings about the accident. But the Interstate Aviation Committee says some of the work – including US manufacturer Curtiss-Wright’s assessment of ...
-
Airline BusinessWhy European regionals fear bailouts will distort competitive landscape
Director general of the European Regions Airline Association, Montserrat Barriga, says that government bailouts are focusing on bigger, state-owned airlines, creating a market distortion for smaller and private operators.
-
NewsAir Canada expects recovery to take three years
Air Canada incurred a C$1.05 billion ($744 million) net loss in the first quarter of 2020, compared with a C$285 million net profit a year ago, and is warning that it will take “at least three years” for revenue and capacity levels to return to those seen in 2019.
-
In depthAirline crews bring first-class service to frontline healthcare workers
Exhausted frontline healthcare workers are able to relax in airport-style first-class lounges in their workplace thanks to the efforts of two airline pilots.The initiative, Project Wingman, is the brainchild of David Fielding and Emma Henderson – who fly for British Airways and easyJet respectively – and clinical psychologist Professor Robert Bor.
-
NewsNorwegian shareholders approve survival plan
Norwegian’s shareholders have voted in favour of its plan to convert debt to equity and relaunch operations with a smaller fleet and fewer destinations from 2021. The airline should now be able to access the rest of its NKr3 billion ($288 million) bailout package from Norway’s government, which is conditional ...
-
NewsFlybe administrators work to sell aircraft support operations
Administrators of collapsed UK regional carrier Flybe are finalising the sale of its aircraft support operation, Flybe Aviation Services, which has continued to trade. The EY administrators, in a statement of proposals, say they are aiming to complete the transaction “in the coming days” after receiving offers for the division. ...
-
NewsNorwegian secures bondholder and lessor support ahead of crunch vote
Norwegian expects to convert more than Nkr10 billion in debt to equity after reaching agreement with more lessors and bondholders, clearing the path to unlocking crucial further state aid.
-
NewsVirgin Australia targets end-June sale: administrator
Twenty parties are interested in recapitalising Virgin Australia, administrator Deloitte said after the first creditors meeting held virtually on 30 April, and the airline aims to receive binding offers in June. “A large number of parties have expressed an interest, eight have signed non-disclosure agreements and negotiations are continuing with ...
-
NewsDelta upsizes secured private placement to $3.5bn
Delta Air Lines has priced $3.5 billion of five-year notes at 7% as it boosts its liquidity position to manage through the coronavirus pandemic.
-
NewsAmerican lightens fleet load in pursuit of liquidity
American Airlines is counting on cost-saving fleet retirements and a $4.75 billion US CARES Act loan to boost its liquidity sufficiently to help see it through the next two quarters while waiting for travel demand to revive somewhat during the summer months.
-
NewsTalks continue as Norwegian fails to get bondholder majority for debt conversion plan
Norwegian is holding “constructive dialogue” with bondholders over whether a majority in favour of its debt-to-equity conversion plan can be reached, after it was rejected in an initial vote on the proposal.
-
Airline BusinessHow will crisis impact airline mergers?
Airlines and regulators are having to adjust to a fast-changing landscape as they consider merger and acquisition plans, both those put in play before the coronavirus crisis hit and those that might emerge in its aftermath.
-
NewsCoronavirus delays European ADS-B deadline
European Commission pushes deadline for fitting precision flight-tracking technology back six months to December, while retrofits will have until June 2023.