All news – Page 1237
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NewsAirbus withdraws from MRO JV with Thai Airways: report
Airbus has reportedly backed out of a joint venture with Thai Airways to build a new MRO campus at Thailand’s U-Tapao airport. A report from local newspaper The Nation cites Thai Airways Technical executive vice president Cherdphan Chotikhun as saying that the European airframer had withdrawn from the cooperation as ...
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NewsEl Al sells three 737-800s to ease financial pressure
Israeli flag-carrier El Al has reached a sale-and-leaseback agreement with an unidentified foreign company covering three Boeing 737-800s. The airline, which has been seeking to shore up its finances, says it signed a memorandum of understanding for the transaction on 23 April. El Al has not identified the specific airframes ...
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NewsIATA warns of more airline failures in Asia-Pacific
More carriers in the Asia-Pacific region could fall as a result of the coronavirus crisis, if governments fail to step in with relief measures. Highlighting the “worsening” impact of the pandemic on carriers in the region, airline body IATA also identified eight countries which are most at risk. These countries ...
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NewsShutdown to cost European airlines $89 billion: IATA
IATA has increased its estimate of the cost of the coronavirus crisis to European airlines, and now believes it will cut sector earnings 2020 earnings by more than half. The association is predicting an annual revenue reduction of 55% against 2019, a hit of $89 billion. This represents an increase ...
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NewsGaruda outlines measures to ride out coronavirus pandemic
Garuda Indonesia has outlined the measures undertaken in light of uncertainties caused by the coronavirus pandemic. In response to a stock exchange query made on 16 April, the airline says it has begun negotiations with lessors to delay payment on leased aircraft and to extend their lease periods. It will ...
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NewsAir New Zealand scraps Buenos Aires and London routes
Air New Zealand is scrapping services to London and Buenos Aires, predicting that demand will not recover quickly enough to make the routes viable. It is also postponing the start of its non-stop Auckland-New York service from 29 October 2020 until late 2021 at the earliest, the carrier said today. ...
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NewsDe Havilland sells up to 13 Dash 8-400 freighter conversion kits to Jazz
Canadian regional airline Jazz has agreed to purchase up to 13 freighter conversion kits for De Havilland Canada Dash 8-400 turboprops, enabling the airline to carry freight needed to combat coronavirus.
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NewsGermany outlines Tornado succession plan with Eurofighter and Super Hornet buy
Germany hopes to have fully retired its Panavia Tornado combat aircraft in 2030, with the arrival of a successor aircraft to begin in 2025.
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NewsLufthansa in financing talks after disclosing Q1 loss of €1.2bn
Lufthansa Group is in talks with the home governments of its various airlines over financing support after revealing it expects to have posted a €1.2 billion ($1.3 billion) adjusted EBIT loss for the first quarter fo 2020.
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NewsAeroVironment launches Quantix Recon, a military variant of its farm surveying drone
AeroVironment has launched its Quantix Recon unmanned air vehicle (UAV), a military variant of its farm surveying drone, on the market.
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NewsAvinode launches dedicated online emergency relief platform
Online charter market place Avinode has launched a dedicated emergency assistance platform, driven by the rise in demand for air ambulance and humanitarian flights following the coronavirus outbreak.
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NewsAir Arabia and Etihad to launch Abu Dhabi JV as ’conditions improve’
Air Arabia and Etihad Airways’ new Abu Dhabi joint venture carrier will finalise its launch plans “as market conditions improve” after securing its air operating certificate (AOC).
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NewsMis-set altitude led Neos 737 to descend unnoticed during go-around
Investigators have found that a Neos Boeing 737-800 continued to descend, unnoticed by the crew, during an aborted landing at Bristol, after a rushed approach meant the go-around altitude was not correctly set. It dipped below 460ft as it travelled over runway 27, with its landing-gear retracted, before the pilots ...
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NewsMC-21 flight-testing resumes as Irkut adapts to new practices
Flight-testing of the Irkut MC-21 has resumed at Moscow’s Gromov institute after a temporary interruption to enable compliance with new requirements to counter the coronavirus outbreak. United Aircraft states that it is trying to “minimise the impact” of the situation on the twinjet’s test and certification programme. It says it ...
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NewsUSAF B-1B stars in Asia-Pacific show of force
The US Air Force (USAF) and Japan Air Self-Defence Force (JASDF) have mounted a show of force intended to demonstrate a doctrine for quickly deploying combat assets to the Asia-Pacific region. The activity involved a Boeing B-1B bomber operating a 30h sortie from Ellsworth AFB, South Dakota, to Japan’s Draughon ...
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NewsICAO predicts 1.2 billion fewer air travellers by September
ICAO forecasts that the Covid-19 crisis could send the number of international air travellers falling by up to 1.2 billion by September 2020, compared to a typical year. It also estimates that airline revenues could fall by $160-253 billion for the first nine months of this year, with international capacity ...
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NewsAustralia unveils agricultural freight export network amid disrupted supply chains
Australia has rolled out a freight export service network, aimed at re-establishing global supply chains and accelerate exports of agricultural and fisheries exports to key overseas markets. The network comprises 15 airlines, freight service providers and freight forwarders, such as Qantas, Singapore Airlines, Emirates and FedEx. The Australian ...
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NewsVietJet records 14% decline in 2019 profit
VietJet Air saw its operating profit in 2019 decline 14.3% to D4.98 trillion ($211 million), down from the previous year’s profit figure of D5.8 trillion. Consolidated revenue for the year ended 31 December 2019 declined 2.8% to D52 trillion. Net profit meanwhile fell 20.9% to D4.22 trillion. Cash and cash ...
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NewsAsian lessors ‘better sheltered’ from coronavirus: Goldman Sachs
Asian aircraft lessors with strong shareholder backing and deep pockets are better positioned to weather the coronavirus crisis than their counterparts in other regions which may be less well-capitalised, says Goldman Sachs. The severity of the coronavirus pandemic “could create some real concerns to some players”, though Asia is “better ...
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NewsSIA’s fund-raising plan is ‘gold standard’: Goldman Sachs
Goldman Sachs deems Singapore Airline’s plans to raise up to S$15 billion ($10 billion) the “gold standard” among coronavirus-related rescue packages for airlines. “We view that as really the gold standard for the packages that have been put in place,” Nicola Dondi, managing director at Goldman Sachs (Asia), said at ...