All news – Page 1249
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NewsHSBC expects European airline consolidation amid Covid-19 crisis
The coronavirus crisis will speed up airline-industry consolidation across Europe as less profitable carriers fail or are taken over by leaner competitors, according to an analysis by HSBC. “We expect financially weak airlines that survive to be… significantly smaller as they exit the outbreak,” the bank writes in an update ...
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NewsHexcel and Woodward cancel merger due to coronavirus downturn
Downturn and broader economic fallout caused by coronavirus prompts Woodward and Hexcel to terminate planned merger
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NewsIAI ships first cargo-converted 737-800s following certification
Approval adds second variant to existing -700 modification
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NewsEasyJet borrows from UK coronavirus fund as part of liquidity plan
Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 million of ...
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NewsBusiness aircraft activity plummets in March
The coronavirus outbreak pummelled business aircraft activity in March across Asia, Europe and North America, according to German research company WingX Advance.
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NewsIncorrectly-sized parts found after Icelandair 757 gear collapse
Investigators have found incorrectly-sized components on the landing-gear assembly of an Icelandair Boeing 757-200 which suffered a main landing-gear collapse at Reykjavik earlier this year. Icelandic investigation authority RNSA has recommended specific safety checks on four aircraft serviced by Landing Gear Technologies, to ensure that parts which have undergone undersizing ...
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NewsEasyJet founder refuses to inject new funds as he directs ire at CFO
EasyJet founder and shareholder Stelios Haji-Iaonnou has refused to inject any fresh capital into the UK budget airline while a contract to acquire further Airbus jets remains in place, and is turning his wrath on chief financial officer Andrew Findlay. Haji-Ioannou has named Findlay as the second director he aims ...
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NewsIcelandair Group studies options to avoid liquidity depletion
Icelandair Group has recruited advisors to look into options for reinforcing its capital structure, and explore possibilities for strengthening its competitiveness. It states that its liquidity position is still “well above” its minimum level of $200 million. But it adds that – given the assumption of “minimum revenue generation” in ...
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NewsTrent 1000 fix progressing despite coronavirus disruption
Rolls-Royce is aiming to bring the number of Boeing 787s on the ground for Trent engine modification reasons to fewer than 10 by the end of the second quarter. While the manufacturer is taking steps to deal with the impact from the coronavirus crisis, it is maintaining efforts to address ...
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NewsANA in talks for Y1.3 trillion in liquidity: reports
All Nippon Airlines (ANA) is reportedly exploring options for credit lines that would furnish approximately Y1.3 trillion ($11.9 billion) in liquidity to see it through the coronavirus pandemic. Japanese news outlets, originating with the Nikkei Asian Review, report unamed sources as saying that the airline is looking for Y1 trillion ...
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NewsRolls-Royce shores up defences as airlines’ widebody engine activity drops
Rolls-Royce has disclosed that the primary impact of the coronavirus crisis on its civil aerospace business has been a reduction in widebody engine flying hours by 25% over the first quarter, including a 50% fall in March. It expects “further deterioration” during April, and beyond, given the increasing grounding of ...
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NewsVietnam Airlines restricts load factors into Ho Chi Minh City
Vietnam Airlines will restrict passenger loads on services to Ho Chi Minh City’s Tan Son Nhat International Airport so as not to stress the airport’s mandatory coronavirus testing. Its Boeing 787s and Airbus A350-900s will be restricted to 180 passengers, says the carrier. Cirium fleets data shows that the airline’s ...
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NewsH225 bags follow-on order from Japan Coast Guard
The Japan Coast Guard has ordered two additional Airbus Helicopters H225s. The two new rotorcraft will bring the service’s fleet of the type to 15 examples, says Airbus Helicopters. Source: Airbus The new order will take the Japan Coast Guard H225 fleet to 15 examples “We thank ...
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NewsVirgin Australia closes New Zealand crew base
Virgin Australia has closed its New Zealand flight crew base, a move their union says affects around 600 jobs. The E tū union said in a 4 April statement that the carrier emailed staff the previous night telling them that the closure was effective immediately. Virgin has already suspended operations ...
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NewsRavn Air Group suspends most flights in Alaska
Alaska-based Ravn Air Group will park nearly all its fleet and operate only three De Havilland Canada Dash 8 aircraft in response to the lack of air travel demand, leaving rural and isolated communities in the state few options for air freight deliveries and passenger flights. The suspension was effective ...
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NewsAvolon customers seek payment relief
Aircraft lessor Avolon has disclosed that the vast majority of its customers are seeking rent deferrals or reductions amid “the most challenging period in the history of commercial aviation”. In its first-quarter update, the lessor states that it “has received requests from more than 80% of its current owned and ...
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NewsBoeing extends Puget Sound factory closures
Boeing has extended he closure of its production facilities in the Puget Sound region of Washington, which includes the Seattle area and Moses Lake, “until further notice”.
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NewsSuperjet 100s contracted to support UN peacekeeping
Sukhoi Superjet 100s are to be deployed in support of United Nations peacekeeping operations for the first time, following a procurement process. The Russian foreign affairs ministry and Russia’s permanent mission to the UN have been supporting a bid for participation using the type. Federal air transport regulator Rosaviatsia states ...
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NewsA350-1000 brought in to shuttle medical supplies from China
Airbus is continuing its medical supply shuttle operation between China and Europe, adding an A350-1000 test aircraft to the list of types recruited for the effort. The A350-1000 (MSN59) operated from Tianjin to Hamburg, before flying on to Toulouse on 5 April. Airbus says the twinjet, flown by a flight-test ...
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NewsLufthansa Group finance chief resigns citing health reasons
Lufthansa Group chief financial officer Ulrik Svensson has resigned from his position, citing health reasons. The German airline company has disclosed that he will step down on 6 April. It has not given any further details on the circumstances behind Svensson’s decision. He has served as the company’s finance head ...