Latest Airlines news – Page 190
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NewsLATAM details $8.19bn financing plan to support Chapter 11 exit
Latin American operator LATAM Airlines Group has submitted its re-organisation plan to support the company’s exit from Chapter 11 bankruptcy protection. LATAM says the plan follows a restructuring support agreement, backed by its largest unsecured creditor group, as well as “certain” shareholders holding over 50% equity. It centres on the ...
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NewsUkrainian start-up Air Ocean begins flights with An-148 fleet
Ukrainian carrier Air Ocean Airlines has commenced commercial services, operating an initial network of domestic routes using Antonov An-148 twinjets. The airline, which secured an air operator’s certificate on 23 October, has opened sales for scheduled services to Lviv, Kharkiv, Zaporizhia and Chernivtsi. It carried out its first flight – ...
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NewsUkrainian government outlines plan to create new national airline
Ukraine’s government is to invest in creating a new state carrier, under the working name of Ukrainian National Airlines, as part of a programme of economic development. President Volodymyr Zelensky unveiled the plan during a forum on aviation and tourism, stating that the government was “moving to practical implementation”. “This ...
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NewsSingapore broadens vaccinated travel scheme to six more countries
Singapore has added six additional countries to its Vaccinated Travel Lane (VTL) scheme, taking the total number of VTL countries from 27.
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NewsSmartLynx to operate A320s for Nigeria’s Air Peace
Nigerian carrier Air Peace is to introduce a pair of Airbus A320s through Latvian-based wet-lease specialist SmartLynx Airlines. Air Peace will become a new customer for the operator, says SmartLynx. It will station a pair of A320s in Lagos until mid-May next year. Air Peace chief operating officer Oluwatoyin Olajide ...
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NewsAsia-Pacific air traffic remained sharply down in October: AAPA
Airlines in the Asia-Pacific had another tough month in October, with the recent easing of border restrictions in the region yet to be felt, according to the Association of Asia Pacific Airlines (AAPA).
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NewsMEA full-year financial performance hammered by successive calamities
Lebanese flag-carrier Middle East Airlines has disclosed full-year losses of LL68.1 billion ($45 million) for 2020, a year in which the country faced an economic crisis, the effects of the pandemic, and the fallout from the Beirut port explosion. The loss contrasted with the near-LL130 billion profit for the carrier ...
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NewsNorwegian names former Kongsberg executive as finance chief
Scandinavian budget carrier Norwegian has named Hans-Jorgen Wibstad as its new chief financial officer, succeeding Geir Karlsen. Karlsen retained the top financial post after he took over as the airline’s chief executive in mid-year. Wibstad will step into the role by June 2022. He is a former chief financial officer ...
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NewsEl Al’s nine-month losses top $300m
Israeli flag-carrier El Al has turned in net losses of $136 million for the third quarter, taking total losses over the first nine months to $303 million. El Al generated third-quarter revenues of $253 million, the carrier has disclosed in its latest financial statement. The carrier is still trying to ...
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NewsAirAsia X narrows operating losses in quarter to 30 September
Long-haul, low-cost carrier AirAsia X has reported an operating loss of MYR82.5 million ($19.6 million) for the first quarter of its 2022 financial year.
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NewsSpiceJet restarts 737 Max operations in India
SpiceJet has recommenced operations with its Boeing 737 Max 8s, with the type returning to India’s skies for the first time since it was grounded in early 2019.
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NewsIcelandair splits commercial division as part of realignment for recovery
Icelandair Group is restructuring its organisation, splitting its commercial operation into two divisions – focused on customers and revenue – and recruiting a former director, who also served with defunct budget carrier Wow, to head the revenue side. The revenue division will comprise the network, revenue management and sales functions ...
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NewsBamboo eyes local, NYC listings: Vietravel Airlines gets cash boost
Vietnam’s Bamboo Airways is eyeing stock market listings in both Vietnam and the USA, as tourism company Vietravel reportedly tops up its investment in Vietravel Airlines.
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NewsEl Al details loan and share issue to secure $30m in state aid
Israeli flag-carrier El Al has detailed an agreement for funding support from the government and its controlling shareholder, Kanfei Nesharim, which includes a commitment to a share offering by mid-September next year. Under the 22 November agreement Kanfei Nesharim will provide El Al with $63 million through four loans. Three ...
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NewsAirAsia Group hopeful of ‘fast recovery’ as Q3 operating losses narrow
AirAsia Group cut its red ink for the third quarter of the year despite a plunge in revenue, as cost control efforts paid off.
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NewsUK competition regulator opens inquiry into IAG-Air Europa merger
UK competition regulators have opened a two-month initial inquiry into British Airways parent IAG’s proposed acquisition of Spanish carrier Air Europa. The Competition and Markets Authority is inviting comments on whether the acquisition is likely to result in a “substantial lessening” of competition within any of the UK markets. It ...
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NewsIsraeli government to offer additional state-aid package to airlines
Israel’s government is to offer additional financial support to the country’s troubled airlines, approving a proposal for a state aid package worth up to $44 million. The finance and transport ministries say they have jointly put forward the proposal to provide “immediate cash-flow assistance” given the “exceptional damage” inflicted on ...
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NewsQantas operates first international flight after border reopening
Qantas has operated its first scheduled international flight since the start of the coronavirus pandemic, as other signs of reopening emerge in the Asia-Pacific.
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NewsBA seeks aircrew and other personnel for new Gatwick carrier
British Airways is recruiting for its new short-haul London Gatwick-based subsidiary, seeking a variety of managerial and operational personnel, including pilots and cabin crew. The company, which recently registered the name BA Euroflyer after opting to set up the subsidiary, is inviting applications for Airbus A320 direct-entry captains. BA is ...
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NewsIceland’s Play signs for A320neos from Chinese lessor
Icelandic start-up Play has signed for another pair of Airbus A320neo twinjets, sourcing them from Chinese lessor CALC. The airline is set to take delivery of the jets in March next year. It says the A320neo are new and will be delivered directly from Airbus. Hong Kong-based CALC has orders ...