Latest Airlines news – Page 171
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NewsEmirates chief rates industry challenges 9/10 but sees demand resilience
The headwinds faced by the airline industry today are “very challenging”, in the view of Emirates Airline president Tim Clark, but indications are that demand can withstand the battering for now.
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NewsEasyJet to firm orders for 56 A320neos and introduce more A321neos
UK budget carrier EasyJet is planning to firm orders for another 56 Airbus A320neo-family jets, and will also convert 18 aircraft in its backlog to the larger A321neo. Under the “conditional arrangement”, the airline says it will take delivery of the additional A320neos over fiscal 2026-29. The A321neos will arrive ...
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NewsJetBlue hikes Spirit acquisition offer to $3.6 billion
JetBlue Airways has upped to $33.50 per share its offer to purchase ultra-low-cost carrier (ULCC) Spirit Airlines, bringing the value of its proposal to about $3.64 billion.
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News‘I figured out how to buy an airline on Zoom’: CEOs reveal pandemic projects
While bread-making and learning a new language were among the most popular Covid-19 lockdown projects for many people, it was a difference story for the airline chief executives who featured in a panel discussion at the IATA AGM on 20 June.
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NewsWizz Air revisits fuel-hedging policy dropped during pandemic
Budget carrier Wizz Air is embarking on a return to fuel hedging having abandoned the policy during the pandemic in order to avoid future losses. Coverage levels are likely to range from 65% in the first quarter of the hedging horizon to 15% in the last. The airline says it ...
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NewsEasyJet consolidates flights to claw back operational reliability
UK budget carrier EasyJet is consolidating flights from various airports, cutting departures in order to counter operational problems caused by staffing and supply-chain issues during post-pandemic ramp-up. It says the industry is suffering personnel shortages, longer aircraft turnaround times, knock-on delays and cancellations. “A very tight labour market for the ...
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NewsGaruda secures creditor approval for restructuring
Garuda Indonesia has secured creditor approval for a major restructuring, according to media reports from Indonesia.
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NewsCourt’s restructuring approval shifts LATAM towards Chapter 11 exit
Latin American operator LATAM Airlines Group is expecting to exit its US bankruptcy-protection process in the second half of this year after its restructuring plan secured court approval. The operator says the plan has been backed by “nearly all” of its creditors, following months of negotiation and mediation which, according ...
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NewsAeroflot ties up with long-distance rail service to increase domestic connectivity
Russian flag-carrier Aeroflot is aiming to develop a more connected domestic network through a tie-up to enable combined air and rail travel. Aeroflot reached the agreement with Federal Passenger Company, which specialises in long-distance rail transport services, during a St Petersburg economic forum. The two sides will create a joint ...
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NewsEasyJet granted priority to take TAP remedy slots at Lisbon
Budget carrier EasyJet has been granted the priority position to negotiate the acquisition of up to 18 daily slots at Lisbon formerly used by Portuguese carrier TAP. The slots were made available under a €2.55 billion financial restructuring scheme for TAP agreed by the European Commission. EasyJet’s proposal for the ...
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NewsProfitable Qatar Airways optimistic over prospects in A350 legal wrangle
Qatar Airways Group is optimistic regarding its legal battle with Airbus over skin-paint deterioration affecting A350s, although it cautions in its full-year financial statement that a judgement against the airline could have a material impact. The airline says it “remains extremely positive” in its assessment of prospects for the case, ...
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NewsIndian startup Akasa takes delivery of first aircraft in Seattle
Indian startup Akasa Air has taken delivery of its first Boeing 737 Max 8 at a ceremony in Seattle, Washington.
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NewsVietnam Airlines expect tough times to continue until end-2023
Vietnam Airlines is warning that a full recovery is some way off, although travel is starting to pick up as the impact of the coronavirus pandemic dissipates.
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NewsAir France-KLM secures €2.25bn as rights issue oversubscribed
Air France-KLM Group has described its rights issue as successful, after it was oversubscribed by 16%. The company has generated €2.256 billion ($2.35 billion) in final gross proceeds – of which around €1.61 billion is in cash – as a result of the capital increase. These proceeds will be “mostly ...
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NewsCathay sees continued pressure from HK travel restrictions
Hong Kong’s travel restrictions continue to hamper the traffic performance of home carrier Cathay Pacific, but there are marginal signs of improvement, including a narrower half-year loss forecast.
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NewsACI calls on Japan to fully open borders for air travel
Airport Council International (ACI) Asia Pacific has called on Japan to fully open its borders to air travel, as it publishes a study that highlights the ineffectiveness of travel restrictions for containing new coronavirus variants.
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NewsSouth Africa’s CemAir picks up ex-SAS CRJs
Two former SAS Bombardier CRJ900s have been introduced to South African operator CemAir, complementing the carrier’s regional fleet. Both aircraft – bearing serial numbers 15398 and 15400 – are 2016 airframes and were formerly operated by Ireland’s CityJet and served within the SAS fleet. CemAir has signed long-term operating agreements ...
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NewsDanish government could raise stake in SAS as it backs transformation plan
Denmark’s government has agreed to support Scandinavian carrier SAS through a debt-to-equity conversion, but has also signalled it will invest new capital into the struggling airline and potentially raise its shareholding. The Danish finance ministry says the government will support the ‘SAS Forward’ restructuring programme for the carrier, following a ...
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NewsExperts say fresh thinking on business models key to capitalising on green technologies
Fresh thinking on business models will be key if operators are to capitalise on new zero-emission technologies as they begin to reach the market, panelists highlighted during FlightGlobal’s Disruptive Propulsion webinar on 9 June. During a wide-ranging debate which looked at the challenges and timeframes facing new propulsion solutions, ...
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NewsStabilising Swiss opts to terminate state-backed loan early
Swiss has ended a government-guaranteed bank loan three years early, having only ever used half of the proceeds available to the Lufthansa Group carrier. The airline says the pandemic situation – which triggered the need to prop up liquidity – is “now more stable” and that “positive trends” have emerged ...