All Africa news – Page 20
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InterviewRwandAir chief Makolo on recovery, Qatar and pan-African aims
The Covid crisis may have created numerous immediate challenges, but RwandAir chief Yvonne Makolo says the carrier has many reasons for optimism about its long-term future
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News
Silverstone Fokker 50 wrecked in Mogadishu excursion
Images circulating on social media indicate that a Kenyan-registered Fokker 50 turboprop has been substantially damaged in a 19 September accident at Mogadishu, the capital of Somalia. The aircraft (5Y-MHT) has come to rest apparently after striking a concrete wall off the right side of runway 05, suffering severe ...
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News
South African Airways will not be liquidated: government
South Africa’s government is insisting that flag-carrier South African Airways will not be liquidated, and that it will detail measures relating to funding the airline in upcoming legislation. Its department of public enterprises gave the reassurance as creditors met to discuss the airline’s future, after its rescue practitioners warned ...
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News
RwandAir switches London services to Heathrow airport
The African carrier has been serving Heathrow on a cargo-only basis during the coronavirus crisis, and says today that its passenger services to the UK capital will also serve the hub when they resume on 3 October.
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News
SAA creditors to meet as critical rescue funds fail to materialise
South African Airways’ rescue practitioners are to call a meeting of creditors to discuss the future of the troubled company after doubts emerged over crucial government funding for the airline’s business plan. The practitioners had warned on 10 September that procuring the funding necessary to support the plan was ...
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Announcements
FlightGlobal launches Decade of Airline Excellence Awards
FlightGlobal is delighted to announce the launch of the Decade of Airline Excellence Awards, which Airline Business will deliver later this year with our partner, Korn Ferry. Amid this year’s unprecedented disruption, we have decided to take a break from the Airline Strategy Awards – which will return ...
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News
RwandAir no longer taking A330neo or 737 Max jets
RwandAir is no longer taking the Airbus A330neo and Boeing 737 Max jets it had ordered via lessors.
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In depth
Airline coronavirus recovery tracker: September 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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News
Investment consortium aims to restart Comair in December
South African carrier Comair’s business rescue plan envisages a consortium of investors taking a 99% shareholding in the company, and restarting services around 1 December. Some 1,800 jobs will be retained – although 400 will be shed – and the airline will resume operations with a fleet of 25 ...
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News
Arab carrier traffic seen not back to pre-crisis levels until at least 2024
Traffic among Arab air carriers is not now expected to return to pre-crisis levels until at least 2024 and could potentially not reach those levels before 2027, fresh analysis from the Arab Air Carriers Organisation (AACO) shows. In its third status report of the impact of the pandemic on ...
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News
Air cargo traffic stabilises in July as capacity crunch continues
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. ...
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News
Comair receives binding offer as it finalises business plan
South African carrier Comair’s rescue practitioners have received a binding offer from the preferred investors for the company. As a result, the practitioners are seeking creditors’ consent for a further extension to the deadline to publish the business rescue plan for the operator. Comair, which operates as a ...
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News
Kenya Airways weighs cuts to ensure sustainable future
Kenya Airways is evaluating fleet, network and staff cuts to adapt to dramatic reductions in customer demand.
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News
SAA restructuring team sifts through unsolicited investor approaches
More than 10 unsolicited approaches expressing interest in South African Airways have been received from potential investors and partners. The South African government’s department of public enterprises states that the approaches concern SAA and its subsidiaries Mango Airlines, SAA Technical, and catering arm Air Chefs. “[We have] been ...
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News
Fastjet shareholder provisionally agrees financial support
African budget operator Fastjet Group has obtained a commitment from its main shareholder, Solenta Aviation Holdings, to underwrite a capital raise of at least $1.5 million, providing the company with much-needed funding. Fastjet Group has been struggling with dwindling cash resources as it copes with flight restrictions in Zimbabwe ...
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News
Fastjet Group to delist and convert to private company
African budget operator Fastjet Group expects to re-register as a private company by mid-September after shareholders overwhelmingly approved a delisting from the stock exchange. The company will “proceed with the cancellation of trading” of its ordinary shares on the London AIM exchange on 24 August. Shareholders voted on ...
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News
Air Arabia dragged to half-year loss as second quarter revenues collapse
Air Arabia recorded a net loss of Dhs239 million ($65 million) in the second quarter as the pandemic virtually wiped out passenger revenues during the period and dragged the low-cost carrier into the red for the first-half.
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News
An-74 suffered generator failure before Gao overrun
Preliminary details of the Utair Cargo Antonov An-74 landing accident at Gao in Mali indicate the aircraft suffered an extensive electrical failure before the touchdown and overrun. Russian federal air transport regulator Rosaviatsia states that the generator of the right-hand Progress D-36 engine failed during the 3 August flight ...
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In depth
Airline coronavirus recovery tracker: August 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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News
UN An-74 badly damaged in Mali landing accident
One of Utair Group’s freighter aircraft, an Antonov An-74 TK-100, has been substantially damaged in an accident at Gao in eastern Mali. The United Nations Multidimensional Integrated Stabilisation Mission in Mali – known as MINUSMA – says the aircraft was landing at Gao after arriving from the capital, Bamako, ...
