All news – Page 1106
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NewsBOC Aviation, Malaysia Airports challenge AirAsia X restructuring
Two of AirAsia X’s creditors – BOC Aviation and Malaysia Airports (Sepang) (MASSB) – have taken legal action to challenge its proposed debt restructuring, according to the airline group. AirAsia X was served on 15 October a sealed copy of BOC Aviation’s application in the High Court of Malaya, dated ...
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NewsANA Group plans new airline, big fleet cuts
The All Nippon Airways (ANA) Group will conduct a major revamp of its business model that involves launching a new airline brand and retiring far more aircraft than originally planned. The group will make these and other significant changes as part of its response to the coronavirus pandemic that has ...
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NewsIcelandair to withdraw and part-out batch of 757-200s
Icelandair Group is planning to retire four Boeing 757-200s over the next few weeks, which will be placed with part-out schemes. The company says some of the components will be cannibalised for its remaining 757s while others will be sold. Icelandair Group says the retirement is part of its broader ...
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NewsANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
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NewsEasyJet enters leaseback agreements for nine more A320s
UK budget carrier EasyJet has agreed several sale-and-leaseback arrangements, covering nine aircraft and generating nearly $400 million to enhance its liquidity. The airline has sealed a transaction involving five Airbus A320s with Irish-based Wilmington Trust SP Services. EasyJet says this agreement, centred on leases averaging 117 months, will generate proceeds ...
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NewsMyanmar Airways International takes first E190
Myanmar Airways International (MAI) has taken delivery of its first of two Embraer E190s, which it will utilise on domestic routes. The aircraft, registered M-ABNH, arrived at Yangon on the morning of 26 October, having flown in from Guangzhou. The carrier signed a lease agreement with CDB Aviation in ...
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NewsRAAF F/A-18A ‘Classic’ Hornet makes final journey to museum
A Boeing F/A-18A ‘Classic’ Hornet formerly operated by the Royal Australian Air Force (RAAF) has made its way by road to the Australian War Memorial in Canberra.
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NewsCebu Pacific and SIAEC dismantle maintenance joint ventures
Cebu Pacific Air (CEB) and SIA Engineering are unwinding their partnership in both their joint venture MRO companies based in the Philippines. These are Aviation Partnership (Philippines) Corporation (APPC), 51% owned by SIAEC and 49% by CEB, and SIA Engineering Philippines Corporation (SIAEP), 65% owned by SIAEC and 35% by ...
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NewsHoneywell rolls out A320 family APU upgrade
Honeywell has released an upgrade for its APU fitted on Airbus A320 family aircraft, which it says will help reduce fuel burn and increase time-on-wing hours. The roll-out for the 131-9A APU upgrade will commence this month for existing Honeywell maintenance services customers, before being available to other operators next ...
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NewsArgentine LCC protests ongoing closure of El Palomar
Argentine low-cost carrier Flybondi has strongly protested the government’s decision to keep Buenos Aires’ secondary airport El Palomar closed as the country slowly reopens following the coronavirus crisis.
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NewsIcelandair uses Boeing compensation to offset new 737 Max expenditure
Icelandair Group is expecting to take delivery of three more Boeing 737 Max jets in the first half of 2021, and has reclassified part of the compensation received for the Max grounding as reduced capital expenditure on them. The company has not disclosed the scale of the compensation settlement reached ...
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NewsChina to sanction Boeing Defense, Raytheon and Lockheed Martin over Taiwan weapons sale
China plans to sanction Boeing Defense, Raytheon and Lockheed Martin over a possible $1.8 billion Foreign Military Sales package for Taiwan.
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NewsDe Havilland delivers another two Dash 8-400s to Ethiopian
De Havilland Canada has delivered another two Dash 8-400s to Ethiopian Airlines, bringing to 30 the number of the turboprops received by Ethiopian and its affiliates.
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NewsRussian budget proposal cuts near-term subsidy for CR929
Russia’s government is proposing heavily reduced near-term budget allocations for the joint Russian-Chinese long-haul aircraft project, as part of a broad review of state aviation strategy funding. United Aircraft and Chinese aerospace firm Comac have been working to develop the CRAIC CR929, a 280-seat twin-engined widebody jet. The legislative proposal ...
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NewsNorwegian converts more debt into equity
Scandinavian budget carrier Norwegian has converted another SKr231 million ($26 million) of debt into equity by issuing 56.3 million new shares.
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NewsA story of survival in aircraft interiors as Reheat is reborn
Founder of UK galley equipment repair specialist is cautiously optimistic after buying business from administrators of collapsed parent group
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NewsItaly’s national fire brigade orders Piaggio P180 Avanti Evo
Twin-pusher turboprop will be delivered to federal authority next summer
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NewsSpirit slashes Bombardier aerostructures acquisition price
Spirit AeroSystems has almost halved the cash sum it is paying for Bombardier’s aerostructures business after the pair agreed a last-minute change to their deal.
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NewsEasyJet to make 418 crew in Germany redundant
EasyJet will almost halve its fleet in Berlin amid the Covid-19 pandemic.
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NewsAir Baltic to operate 40 winter routes
Latvian carrier Air Baltic plans to maintain “essential connectivity” through the winter months, linking its Riga hub with 40 destinations.