All articles by David Kaminski-Morrow – Page 226
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NewsUral unveils crisis-driven losses for first nine months
Ural Airlines has revealed a pre-tax loss of RB4.5 billion ($61 million) for the first nine months of the year, as Russian air transport embarks on its recovery from the pandemic crisis. The figure, to 30 September, contrasts sharply with the previous year’s Rb3.4 billion profit for the same period. ...
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NewsMC-21 with Russian-built PD-14 engines carries out maiden flight
Irkut has carried out the maiden flight of the MC-21-310, the version of the twinjet powered by Russian-built Aviadvigatel PD-14 engines. The flight – with aircraft number 73055 – took place from Irkutsk aviation plant’s airfield on 15 December and lasted about 1h 25min. It was crewed by two test ...
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NewsCroatia Airlines to receive Kn600m through capital injection and loan
Participants in a Croatia Airlines extraordinary assembly have approved an increase in the airline’s share capital through the issue of new shares to the Croatian government. The decision was made during the assembly on 14 December. Under the measure 35 million ordinary shares will be issued, with a nominal value ...
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NewsAirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 million). ...
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NewsAzores’ SATA faces extensive restructuring as financial aid ruled illegal
Azorean carrier SATA Air Acores is facing the prospect of substantial restructuring after European regulators declared that a previous government’s capital injections to the company amounted to illegal state aid. The Portuguese archipelago’s secretary for finance, Joaquim Bastos e Silva, has disclosed during a legislative assembly that nearly €73 million ...
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NewsProbe traces ATR terrain alert to wrong airport's weather data
Canadian investigators have traced an unexpected ground-proximity warning on a domestically-operated ATR 42-300 to an altimeter setting error triggered by an incorrect weather-data transmission. The First Air aircraft (C-GSRR) had been operating a service from Iqaluit to Pangnirtung on 9 December, according to Transportation Safety Board of Canada. While en ...
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NewsMoscow air show MAKS to proceed despite Paris 2021 axe
Organisers of the Russian MAKS-2021 Moscow air show are pressing ahead with the event despite the cancellation of the Paris air show, due to be held a month earlier. The Russian show is scheduled to be held on 20-25 July next year at the Zhukovsky airfield. Organiser Aviasalon claims that ...
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NewsPortuguese government outlines fleet and job cuts to restructure TAP
Portugal’s government has indicated that a restructuring of flag-carrier TAP should involve a reduction of fleet capacity, and the cutting of 2,000 personnel. The carrier group has over 100 aircraft, including its regional division Portugalia, but the Portuguese infrastructure minister Pedro Nuno Santos, speaking during a briefing on the restructuring, ...
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NewsVirgin Atlantic’s last 747-400 set to be recruited as troopship
UK long-haul airline Virgin Atlantic Airways is preparing to withdraw its final Boeing 747-400, which is set to be transformed into a US-operated troop carrier. The aircraft (G-VROY), parked at the airline’s London Heathrow maintenance hangar, has undergone an acceptance check by its lessor. FlightGlobal understands that the aircraft is ...
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NewsCommission will not offer further contingency on EU airline ownership
No contingency measures will be put forward regarding ownership and control of European Union airlines as part of the preparations for potential absence of a future UK-EU relationship agreement. While the European Commission is taking emergency measures to maintain basic air connectivity and safety standards from 1 January 2021, it ...
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NewsEuropean safety authority yet to rescind ban on PIA services
European safety regulators have refused to lift an operational ban on Pakistan International Airlines imposed at the end of June. While the airline does not feature on the European Commission’s blacklist of banned carriers – which was revised on 2 December – it has not been reinstated on the list ...
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NewsCommission draws up emergency measures to maintain UK-EU air transport
European Commission regulators are preparing contingency measures for air transport in the increasingly-likely event of the UK’s failing to reach an agreement on a future relationship with the remaining European Union member states. While the UK formally left the EU earlier this year, a transition period – during which the ...
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AnalysisCourt urged to bring Israir sale to a conclusion
Lawyers working on the auction process for Israeli leisure carrier Israir have formally requested that a court set a timeframe to bring the sale of the airline to a close. Several bidders have put forward offers for the carrier, which is owned by parent IDB. But while an initial deadline ...
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NewsUK risks friction as it drops tariffs on Boeing jets in bid to end WTO spat
Boeing and Airbus’s long-running transatlantic dispute over government subsidies to their civil aircraft development industries has taken a new turn following the UK government’s unilateral decision to suspend tariffs on the US airframer’s aircraft imports. The UK’s Department for International Trade says it has opted for an “independent approach” to ...
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NewsRussian ministry probes theft from Il-80 airborne command post
Russia’s internal affairs ministry is probing an incident involving alleged theft from a military Ilyushin Il-80 command and control aircraft. The Il-80 is a heavily-modified airframe based on the four-engined Il-86 passenger transport, notably featuring a characteristic equipment pod on the upper forward fuselage. Three of the type are still ...
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NewsInvestment firm YH Dimri makes play for Israir
Israeli leisure carrier Israir has received another approach from a potential acquirer, YH Dimri Investments, the trustee for the airline’s divestment has disclosed. YH Dimri is a holding firm with interests including construction and real estate. It has submitted a bid for Israir based on a 141 million shekel ($43.4 ...
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NewsGreenpeace loses bid to impose strict emission conditions on KLM aid
Ecological pressure group Greenpeace has lost a legal bid to impose stronger environmental conditions for state aid intended for Dutch carrier KLM. A court in The Hague has rejected the case brought by Greenpeace, which had argued that this obligation for stricter conditions rested on the government under United Nations ...
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NewsWizz creates president role as it recruits senior EasyJet and Vueling executives
Former EasyJet commercial chief Robert Carey is to take up a newly-created role at budget carrier Wizz Air, serving as the company’s president. As part of the change, Wizz Air group chief operations officer Diederik Pen is to step down from his post, to be succeeded by budget carrier Vueling’s ...
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NewsEl Al increases authorised share capital
Shareholders of Israeli flag-carrier El Al have approved an increase in the company’s authorised share capital amounting to 1 billion shekels ($306 million). The increase takes the overall authorised capital to just over 2.5 billion, inclusive of the single special state share held by the Israeli government. Shareholders approved the ...
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NewsAntonov offers An-225 to fill void in An-124 capacity
Ukrainian outsize cargo specialist Antonov Airlines is to offer its An-225 for commercial service, to provide additional capacity to the freight sector. The An-225, with a maximum take-off weight of 640t, is the world’s largest operational transport and is intended to complement Antonov Airlines’ fleet of seven An-124s. Antonov Airlines ...