All Africa news – Page 10

  • Comair 737 Max 8
    News

    Comair business plan pushed back as rescuers work to firm up offers

    2020-07-28T17:07:00Z

    South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches. Publication of the business plan had been due on 28 July after an expression ...

  • Freight loading
    News

    Air cargo decline narrows in June but market ‘exceptionally challenging’

    2020-07-28T15:13:00Z

    Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.

  • Fastjet tail
    News

    Fastjet seeks stock market delisting in bid to maintain crucial funding

    2020-07-27T08:38:00Z

    African operator Fastjet Group is planning to delist from the stock market and register as a private company, as a condition of securing further support from key shareholder Solenta Aviation Holdings. Fastjet is listed on London’s Alternative Investment Market. But it says there is “considerable” cost and time involved ...

  • De Oliveira
    Interview

    New chief has big plans for ACI, but crisis recovery comes first

    2020-07-22T13:44:00Z

    The new director general of airports body ACI World has grand plans to increase the profile and reach of the organisation – but knows he must first oversee the industry’s recovery from an unprecedented crisis, as the coronavirus pandemic halves passenger traffic in 2020. “The short-term [goal] is of ...

  • Ethiopian 777F
    News

    Ethiopian 777F suffers major fire in Shanghai

    2020-07-22T08:52:00Z

    An Ethiopian Airlines Boeing 777F has caught fire at Shanghai Pudong airport while cargo was being loaded. The carrier says in a statement that the aircraft is registered ET-ARH and was on a regular scheduled cargo service from Shanghai Pudong to Sao Paolo, and onward to Santiago. Videos ...

  • Comair 737
    News

    Comair rescue attracts several expressions of interest

    2020-07-21T12:09:00Z

    Four expressions of interest have been received by advisers to South African carrier Comair’s business rescue process. The company’s rescue practitioners state that the adviser, Redford Capital, has received 19 signed confidentiality agreements having “engaged” with 47 parties since the process began. Comair was placed under business rescue ...

  • SAA A340
    News

    Opposition remains highly suspicious over SAA rescue funding

    2020-07-21T10:52:00Z

    South Africa’s treasury has yet to detail how it intends to fund the rescue plan for South African Airways, as the country’s political opposition warns that it will intervene to prevent any illegitimate attempts to finance the airline’s revival. While finance minister Tito Mboweni appears to have reassured the ...

  • SAA tail
    News

    Government yet to clarify any funding commitment to rescue SAA

    2020-07-16T10:15:00Z

    South African Airways’ state shareholder, the department of public enterprises, is claiming that the government is committing to funding the newly-agreed rescue plan for the airline, but details on the source of any financial support remain hazy. The department says the government is required to provide the rescue practitioners ...

  • SAA A350
    News

    Creditors approve South African Airways rescue plan

    2020-07-14T15:08:00Z

    Creditors have today approved a business rescue plan (BRP) for South African Airways.

  • SAA A330
    News

    Government tries to divide SAA pilots as creditor vote looms

    2020-07-14T07:01:00Z

    South Africa’s government is appealing to individual South African Airways pilots to break from their union’s position and accept voluntary severance packages, as the beleaguered airline faces a critical creditor vote on its proposed rescue. Cockpit union SAAPA has put forward alternative proposals intended to reduce retrenchments and increase ...

  • RAM Express ATR
    News

    ATR 72 struck sea surface after crew turned off ground-proximity system

    2020-07-13T14:42:00Z

    Investigators have determined that a Royal Air Maroc Express ATR 72-600 twice struck the surface of the Mediterranean Sea during an extraordinary botched approach to Al Hoceima airport, badly damaging the turboprop before its crew diverted to Nador. Analysis of the incident showed the pilots had proceeded with an ...

  • SAA A330 header
    News

    SAA pilots seeking ‘unaffordable’ staff retention: government

    2020-07-10T19:37:00Z

    South African Airways pilots have sought to more than halve the proposed number of employee retrenchments, and instead retain almost 3,100 personnel for the carrier’s relaunch, according to the country’s government. But the proposal has been dismissed by the department of public enterprises, which insists it is “not prepared ...

  • Air Namibia
    News

    Struggling Air Namibia cleared to resume flights

    2020-07-09T15:35:00Z

    Under pressure Air Namibia has been cleared by the Namibian High Court to resume services after its operating licence was suspended amid continued financial concerns.

  • SAA A340
    News

    SAA pilots isolated as other unions gradually back severance scheme

    2020-07-08T10:44:00Z

    South African Airways unions have largely indicated acceptance of voluntary severance packages as part of the airline’s rescue, after the government warned that workers’ representatives that it cannot improve on the severance offers. Cockpit union SAAPA has not followed other unions’ gradual shift into accepting the proposals, but it ...

  • Auction CRJ200
    News

    Initial expressions of interest sought for SA Express jets

    2020-07-05T11:49:00Z

    Assets of South African regional carrier SA Express, including Bombardier CRJ200 jets, are being advertised online as part of an initial process to obtain expressions of interest, as the airline edges towards liquidation. The airline was placed in provisional liquidation on 28 April but a final liquidation order has ...

  • SAA A330 header
    News

    SAA rescue remains uncertain as treasury highlights funding pressures

    2020-07-03T12:02:00Z

    South Africa’s government is urging creditors and unions to support South African Airways’ proposed rescue, warning that the airline’s liquidation is the worse of the options available. But the opposition Democratic Alliance believes the country’s treasury, which is having to cope with funding pressures from the coronavirus crisis, is ...

  • Fastjet
    News

    Fastjet counts on flight restoration as cash reserves dwindle

    2020-07-03T07:36:00Z

    African budget operator Fastjet Group believes it has sufficient funds to last through August but is warning that it needs flight operations to resume to sustainable levels in September. Its services have effectively been shut down since 7 April, bar a limited number of repatriation flights, following government lockdowns ...

  • Kenya 787 640 wide
    News

    Africa and Middle East need ‘layered’ measures for restart: IATA

    2020-07-02T12:35:00Z

    African and Middle Eastern countries should adapt their quarantine measures to enable the aviation sector to begin a recovery while containing spread of the coronavirus, IATA has urged.

  • Comair 737 Max 8
    News

    Comair rescuers seek time to scrutinise expression of interest

    2020-06-29T18:46:00Z

    South African carrier Comair’s rescue practitioners are still trying to work through the details of an expression of interest in the airline, and are seeking to postpone further the publication of a business plan. They are requesting creditor approval to push back the publication date from 30 June to ...

  • news-taag
    News

    De Havilland Canada delivers first Dash 8-400 to TAAG Angola Airlines

    2020-06-26T22:16:00Z

    De Havilland Canada has delivered the first of six Dash 8-400 aircraft to TAAG Angola Airlines, the state-owned national carrier of Angola, as it builds out its networks to that country’s smaller communities.