Fleets – Page 125
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NewsSocial-distancing on flights would end cheap travel: IATA
The imposition of social-distancing measures on commerical flights would mean an end to “cheap travel”, according to IATA director general Alexandre de Juniac.
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NewsGE Capital Aviation Services cancels orders for 69 737 Max
Aircraft lessor GE Capital Aviation Services has terminated orders for 69 Boeing 737 Max, further reducing Boeing’s Max backlog amid a downturn that has hammered airlines and the global aerospace industry.
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NewsEasyJet argues case against cancelling Airbus deal
UK budget carrier EasyJet is arguing that it cannot terminate its contentious Airbus order by falling back on the argument that the coronavirus outbreak is a situation beyond its control. The airline has been under fire from its founder, and key shareholder, Stelios Haji-Ioannou over the cost of retaining the ...
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NewsGol cancels 34 Boeing 737 Max orders
Brazil’s low-cost carrier Gol says it has reached an agreement with Boeing on cash compensation for the more-than-year-long 737 Max grounding, and the termination of 34 forward orders for the company.
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NewsIATA deepens projected airline revenue loss to $314 billion
IATA now forecasts airlines will lose $314 billion in passenger revenue this year amid the coronavirus outbreak, a deepening of $62 billion from its previous projection.
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NewsBA crew members ratify furlough deal
British Airways’ plan to furlough more than 30,000 employees – a mix of cabin crew and ground staff – has been overwhelmingly ratified by union members.
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NewsEasyJet founder threatens legal action over Airbus order
EasyJet is standing behind its chief financial officer and its decision to borrow millions from the UK government after a fresh attack from founder and major shareholder Stelios Haji-Iaonnou, who is threatening to take legal action against the budget carrier.
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NewsLufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.
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NewsJet2 extends operational shutdown to mid-June
UK leisure carrier Jet2 is now aiming to resume operations on 17 June, after it previously cancelled all flying until 1 May.
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News25 million jobs endangered by airline coronavirus crisis: IATA
IATA has calculated that some 25 million jobs might be at risk amid falling demand for air travel caused by the coronavirus crisis.
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NewsEl Al bailout request rejected by Israeli finance ministry
Israel’s finance ministry has rejected El Al’s request for state aid, prompting the airline to appeal directly to the country’s prime minister for help.
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NewsSAS details staff cuts and warns it may need more state aid
Scandinavian carrier SAS has temporarily laid off 11,000 employees and will make 120 positions in Sweden permanently redundant, and is warning that the state support it is set to receive “will not suffice” if the coronavirus crisis persists.
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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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NewsIAI ships first cargo-converted 737-800s following certification
Approval adds second variant to existing -700 modification
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NewsComair drops Star Air acquisition as challenges deepen
South African carrier Comair has agreed to call off its planned acquisition of aircraft leasing specialist Star Air Cargo and Star Air Maintenance as it battles mounting challenges.
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NewsAir Baltic service-resumption planning excludes Dash 8s and 737s
Latvian carrier Air Baltic will be an all-Airbus A220 operator when it resumes operations, having made the decision to remove its De Havilland Canada Dash 8s and Boeing 737s from service early as a result of the coronavirus crisis.
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NewsEasyJet founder threatens board over Airbus fleet expansion
UK budget carrier EasyJet’s founder, Stelios Haji-Ioannou, is threatening methodically to dismantle the company’s board if it fails to take action to reduce the airline’s commitment to additional Airbus jets. Haji-Ioannou, who has previously expressed concerns over the airline’s expansion, has laid out his attack plan in a strongly-worded communication ...
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NewsEasyJet parks entirety of fleet after completing rescue services
UK budget carrier EasyJet has opted to ground the remainder of its aircraft fleet, after completing hundreds of repatriation flights in the wake of the coronavirus outbreak. It has also reached an agreement to furlough cabin crew for a two-month period from 1 April, paying them through a UK government ...
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NewsTigerair Australia grounded as parent Virgin cuts more capacity
Tigerair Australia has suspended all operations from 25 March, as part of deeper capacity cuts by its parent Virgin Australia. On its website, the low-cost carrier cited “expanded travel restrictions imposed by the federal and state governments and territories” as the reason behind its grounding. Virgin Australia says in a ...
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PodcastAirline Business podcast: Latest IATA impact assessment plus Asia-Pacific focus
Graham and Lewis talk through the latest figures and thoughts from IATA as airlines across the world ground their fleets in response to the coronavirus outbreak.