All Africa news – Page 26

  • RwandAir-A330-c-RwandAir

    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.

  • SAA A330 header

    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 one ...

  • decadeofairlineexcellencewider

    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 in the ...

  • RwandAir

    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.

  • Recovery-tracker-Sept
    Airline Business

    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.

  • Comair Kulula

    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 aircraft. ...

  • Muscat airport

    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 the ...

  • Atlas Air Qantas Freight 747-8F

    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. IATA ...

  • Comair 737

    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 British Airways ...

  • Kenya Airways Embraer 190shutterstock_1618404946

    ​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.

  • SAA A330 header

    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 busy assessing ...

  • Fastjet tail

    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 and ...

  • Fastjet

    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 12 August ...

  • Air Arabia Airbus A321

    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.

  • UN An-74

    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 from ...

  • Airline recovery tracker
    Airline Business

    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.

  • UN An-74

    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, at ...

  • Comair 737 Max 8

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


    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 of ...

  • Freight loading

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


    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

    Fastjet seeks stock market delisting in bid to maintain crucial funding


    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 in ...