All news – Page 1221
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NewsVirgin Australia draws up shortlist of buyers
Virgin Australia has drawn up a shortlist of potential buyers from the first round of bids that closed on 15 May. “We are delighted by the strength of each of those on the shortlist, with parties selected being well-funded and possessing deep aviation experience,” Deloitte lead administrator Vaughan Strawbridge said ...
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NewsSIA sees traffic figures implode in April
The Singapore Airlines Group saw all passenger traffic metrics crash in April 2020 as the coronavirus pandemic brought world travel to a virtual standstill. The group says that overall capacity as measured by ASKs fell 96.3%, while passengers carried fell 99.6% to just 10,800, compared with 3.1 million a year ...
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AnalysisChinese lessors look closer to home for deals
China’s leasing executives are now the jetsetters of the industry, while their counterparts elsewhere relinquish their road warrior status and adapt to work-from-home conditions due to lockdowns and travel restrictions. “I’m going to take off in several minutes,” says a Chinese leasing executive in a recent message to Cirium on ...
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NewsGaruda to refocus on cargo while ending London and Nagoya flights
Garuda Indonesia intends to give air freight a greater emphasis this year, targeting a 10% rise in cargo revenue, and will end its flights to London and Nagoya. In an investor presentation on its full-year 2019 results, the airline says it aims to both to transport higher-margin goods and to ...
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NewsAsiana moves up planned maintenance amid crisis
South Korea’s Asiana Airlines is bringing forward maintenance schedules, while it hunkers down during the Covid-19 crisis. As a result of aircraft groundings, the carrier was able to advance planned maintenance by about 17% in preparation for the return of air travel, it says in a discussion of its first-quarter ...
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NewsPilots’ union complains of unsanitary cockpits, health risk for flight crew
Airlines are not sufficiently protecting crews from risks related to coronavirus or providing clear health guidance, endangering staff despite public claims to the contrary, according to the Air Line Pilots Association, International (ALPA).
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NewsBoeing to model potential spread of pathogens inside aircraft cabins
Boeing intends to model the potential spread of coronavirus on aircraft as part of an effort to address onboard coronavirus contagion risks and reassure pandemic-weary passengers that air travel is safe.
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NewsSAA practitioners spent R10bn during five-month rescue effort
South African Airways’ business rescue practitioners spent R9.9 billion ($532 million) in the five months after they were called upon to try to save the loss-making airline. Testifying by video link to a parliamentary committee on 15 May, practitioner Siviwe Dongwana stated that the sum was used between 5 December ...
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NewsUS Navy begins search for next jet trainer to replace T-45 Goshawk
The service wants a nondevelopmental, land-based jet trainer aircraft capable of field carrier landing practice and nuclear aircraft carrier touch-and-go landings by 2028 or sooner.
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NewsIndia’s Indigo distances itself from shareholder move for Virgin Australia
The parent of Indian carrier Indigo Airlines has distanced itself from a move by its biggest shareholder InterGlobe Enterprises expressing interest in Virgin Australia.
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OpinionF-35 programme still lacking agility
For seasoned observers of the Joint Strike Fighter programme, the revelation that Lockheed Martin’s Block 4 modernisation effort for the F-35 is already running two years late and $1.5 billion over budget will come as no surprise.
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OpinionWhy carriers cannot rush return from coronavirus
Quarantine might not completely kill any tentative recovery in air travel, but it would certainly limit its appeal to the few passengers who are either booking a one-way journey or do not mind spending time cooped up like a dog suspected of rabies.
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NewsPilatus predicts a bumpy 2020 but sees ‘clean landing’ ahead
Pilatus expects 2020 to be a turbulent year as the coronavirus pandemic threatens to hit output of its PC-24 and PC-12NGX, but the airframer is confident the business can successfully “navigate” the crisis and remain robust, thanks to its “strong product line”, healthy military trainer backlog and ample financial reserves.
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NewsRyanair cuts office staff at four bases
Ryanair has axed more than 250 office-based jobs at four locations and will this month announce details of its plan to slash up to 3,000 crew positions
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NewsOutbreak interrupts El Al 747-400 powerplant sale
El Al is renegotiating the sale of a batch of Boeing 747-400 engines after the economic impact of the coronavirus outbreak interrupted the original agreement. The Israeli flag-carrier withdrew its 747-400 fleet from service last year. All the aircraft were fitted with Pratt & Whitney PW4056 engines. It reached an ...
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NewsJet2 owner accesses £300m UK government loan
Jet2’s parent company has qualified for a £300 million ($366 million) loan from the UK government’s Covid Corporate Financing Facility (CCFF).
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NewsKorean Air reports $46 million first-quarter loss
Korean Air reported a W56.6 billion ($46 million) operating loss for the first quarter of 2020 and says the “relatively mild loss” was mitigated by lower operating costs.
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NewsCathay posts $580m loss for January to April on coronavirus impact
Cathay Pacific and its subsidiary Cathay Dragon made a HK$4.5 billion ($580 million) loss for the first four months of the year, according to unaudited financial results, amid depressed travel demand during the coronavirus outbreak. Releasing its traffic figures for April, Cathay adds that the financial outlook in the next ...
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NewsSIA coy on accelerated retirements amid pandemic hit
Singapore Airlines will fully phase out the older aircraft types in its fleet - such as the Boeing 777-200ER and Airbus A330-300 - within a year, but declines to say whether the retirement of the widebodies has been accelrated by the coronavirus outbreak.
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NewsSikorsky signs $905 million deal for 24 MH-60R anti-submarine helicopters for Indian navy
Sikorsky has signed a contract with the US Navy to provide 24 examples of the MH-60R helicopter to the Indian navy for anti-submarine warfare.