All news – Page 1024
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsSAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM Leap-1A ...
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.
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NewsPipistrel nears launch of new hydrogen-powered 19-seater
Slovenia’s Pipistrel Aircraft, best known for its range of lightweight two-seaters, is nearing the launch of a new hydrogen fuel-cell- and battery-powered 19-seat hybrid that it hopes will revolutionise the commuter-category segment.
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NewsCourt blocks Manston revival after government fails to explain need for airport
Plans to resurrect the UK’s dormant Manston airport to handle international cargo flights have suffered a setback after a judge quashed the development consent order given by transport secretary Grant Shapps’s office last year. The judge, in a ruling at London’s High Court on 15 February, has approved a judicial ...
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NewsSkyways Technics expands Asia-Pacific facilities at Subang
Danish MRO provider Skyways Technics has completed expansion works of its Malaysia facilities, tripling its repair shop floor area and increasing its component warehouse size.
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NewsGrounded Jet Airways reports $391 million FY2019-20 loss
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss of Rs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020.
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NewsPassengers down 70% at Dubai International last year
Dubai International’s passenger numbers collapsed in 2020, but the airport operator is reporting “positive strides” in the second half of the year.
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NewsNorwegian reaches accommodation with several lessors
Norwegian and its subsidiaries have reached an accommodation with a number of lessors, including Avolon and SMBC Aviation Capital, relating to several aircraft the airline was formerly seeking to reject as part of its Irish restructuring process.
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NewsAirbus Helicopters wins oil and gas launch customer for H160 via PHI lease deal
Airbus Helicopters has secured a launch customer for the H160 in the oil and gas market as part of a three-way partnership with US operator PHI and global energy giant Shell.
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NewsEuropean ministers sign off on summer slot rules revision for airlines
European transport ministers have today formally approved temporary rules under which airlines will only have to use a minimum of 50% of their take-off and landing slots during the forthcoming summer season to retain them for 2022.
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NewsAJW chief strikes a positive note for summer season
Company president Christopher Whiteside is hoping that the end of May will be the start of a rebound in fortunes for many airlines, and their aftermarket suppliers
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AnalysisAsia-Pacific authorities keen to defer travel until 2022
After almost a year of closed borders, authorities in Asia-Pacific appear keen to delay the reopening of borders to at least 2022. Even with the rollout of vaccines, there are few signs that governments are prepared to ease up on existing testing and quarantine restrictions. In the short term, a ...
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...
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NewsISIS campaign holds lessons for near-peer conflict: Rand
Think tank Rand believes that Operation Inherent Resolve (OIR) in Syria holds important lessons for the US Air Force (USAF) in the event of a conflict with near-peer adversaries.
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NewsVietnam to take 12 Aero Vodochody L-39NGs
Aero Vodochody has won its most significant export deal yet for the L-39NG, with Vietnam to take 12 of the modernised jet trainers between 2023 and 2024.
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder to ...
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NewsAustralia imposes quarantine on NZ travellers after Auckland outbreak
Canberra will impose quarantine on travellers from New Zealand following the emergence of new coronavirus cases in Auckland.
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NewsCourt approves reorganisation of six HNA carriers
The highest court in China’s Hainan province has approved applications from creditors to place 10 affiliates of Hainan Airlines Holding in bankruptcy reorganisation, including six airlines, a 10 February filing to the Shanghai Stock Exchange shows.
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NewsAfter more than $5bn in losses, can KC-46A become profitable?
The KC-46A programme is about $5.1 billion in the hole and there are questions about whether Boeing can make it profitable.