All Airlines articles – Page 381
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Airline BusinessThe lessors with the most exposure to Virgin Australia
Singapore-based Avation is the lessor with the highest exposure, by number of aircraft, to Virgin Australia, which has entered voluntary administration. Goshawk, meanwhile, has the most lease rentals to lose if the airline cannot make payments. Avation has 13 aircraft with the Brisbane-based carrier, including 11 ATR 72s on operating ...
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NewsAir Canada to halt all US flights on 27 April
Air Canada will suspend all USA-Canada flights on 27 April, slashing its 11 remaining US routes due to an extension of travel restrictions between the nations.
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NewsAirlines await details of Trump plan to halt US immigration
US president Donald Trump has announced plans to temporarily halt all immigration to the USA, as the country grapples with the coronavirus epidemic.
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NewsAviointeriors promises new post-coronavirus seat design ‘in under six months’
Italian firm Aviointeriors believes it could begin delivering within as little as six months a new seat designed to encourage passengers to feel safe flying again once coronavirus restrictions are lifted.
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NewsEtihad open to ‘constructive’ talks on Virgin Australia restart
Virgin Australia’s biggest shareholder Etihad Airways says dealing with the coronavirus impact on its own business meant it was unable to provide further funding to the carrier, but that it remains open to “constructive discussions” over its potential restart.
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NewsUnions urge government to offer Virgin Australia support
Unions are calling on the government to help support Virgin Australia after the airline entered voluntary administration today. The country’s second-largest carrier has appointed Deloitte to help it recapitalise and make it through the coronavirus crisis after talks with various parties, including the government, to secure financial support failed to ...
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NewsCanberra wants ‘market-led’ solution for Virgin Australia recap
Canberra does not want to bail out Virgin Australia and wants to see a “market-led” solution to the airline’s recapitalisation efforts. Australia’s treasurer Josh Frydenberg told a press conference today: “Virgin Australia is a very good airline, performing a very important role and this is a difficult day for its ...
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NewsVirgin Australia enters voluntary administration
Virgin Australia has entered voluntary administration as it seeks to recapitalise the business. “The decision comes as the group has continued to seek financial assistance from a number of parties, including state and federal governments, to help it through the unprecedented crisis, however is yet to secure the required support,” ...
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NewsMesa accepts $93 million in payroll grants
Mesa Air Group, the parent of Phoenix-based Mesa Airlines, will accept $93 million in payroll support from the federal CARES Act. The US Treasury will not require Mesa to enter into a loan or equity agreement in exchange for the funds because the amount is less than $100 million, a ...
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NewsUnited reports preliminary $2.1 billion first-quarter loss
United Airlines has reported a preliminary pre-tax loss of $2.1 billion for the first quarter of 2020 and a $1 billion pre-tax loss on an adjusted basis.
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NewsFour of Norwegian’s crew subsidiaries file for bankruptcy
Scandinavian budget carrier Norwegian has confirmed that four subsidiaries which employ more than 4,000 pilots and cabin crew members in Denmark and Sweden have filed for bankruptcy.
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NewsVirgin Atlantic needs state support to survive: Branson
Virgin Atlantic needs government support to survive the coronavirus crisis, the airline’s founder warned today.
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NewsCDB cancels 29 737 Max orders, defers others
CDB Aviation is cancelling 29 of 99 Boeing 737 Max orders while making adjustments to the rest of its orderbook for the type. It plans to push back the delivery of 20 undelivered aircraft to “various dates in 2024, 2025 and 2026” and, without providing further details, downgauge all remaining ...
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AnalysisAPAC airlines, airports weigh up post-Covid-19 measures
Airlines and airports in Asia-Pacific are looking ahead to how travel behaviour may need to change and the necessary measures to reassure the travelling public as they cautiously prepare to restart operations after the Covid-19 crisis. The spread of Covid-19 has wiped out air travel, leaving skies empty and airports ...
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NewsVirgin Australia bailout intensifies local war of words
Qantas does not conceal its distaste for any state support tailored to its rival Virgin Australia, which recently requested a A$1.4 billion ($890 million) bailout from the federal government to ride out the coronavirus-induced downturn. Alan Joyce, Qantas’s chief executive, said in a television interview on 20 March that it ...
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NewsWestJet lays off 1,700 workers amid wage subsidy
WestJet will lay off 1,700 pilots across its mainline carrier, regional subsidiary Encore and low-cost carrier Swoop, while keeping them on payrolls through the duration of Canada’s wage subsidy that ends in June. The Calgary-based airline tells Cirium that the layoffs will be staggered beginning on both 1 May and ...
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Airline BusinessAir Astana’s Foster eyes tricky return to normalcy post coronavirus
Air Astana chief executive Peter Foster is upbeat about the airline’s future in the post-coronavirus world, but sees a number of challenges before normalcy returns.
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NewsEmirates A380 dipped below 400ft as crew mistakenly chased glideslope
Investigators have determined that an Emirates Airbus A380 descended far below the glideslope at Moscow Domodedovo after its crew entered a rapid descent, erroneously believing the jet was too high for the correct approach path. It descended to 504ft above ground – with a rate of descent of 1,600ft/min – ...
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NewsCathay Pacific to close three US bases
Cathay Pacific will close its three US cabin crew bases to preserve cash while the global air transport market remains “virtually halted” by the coronavirus pandemic.
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NewsLATAM extends 95% capacity cuts through May
LATAM Airlines has extended through May its 95% reduction in planned capacity, citing continued travel restrictions and a lack of demand because of the coronavirus pandemic.