Latest Airlines news – Page 200
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NewsMalaysia’s passenger traffic to decline 77-80% in 2021: MAVCOM
Malaysia’s air passenger traffic is expected to contract by 77-80% year-on-year, versus 23-29% predicted in April, before the country entered a three-month-long nationwide lockdown in June. This translates to 5.3-6.1 million passengers this year, the Malaysian Aviation Commission (MAVCOM) says in the latest edition of an industry outlook report published ...
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NewsNew Italian operator ITA seeks authorisation to serve US gateways
New Italian national airline Italia Trasporto Aereo is formally seeking authorisation to open transatlantic services to several US cities. The carrier, owned by the Italian ministry of economy and finance, is set to succeed the struggling Alitalia which has spent several years in administration. ITA says its initial services will ...
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NewsAir Baltic encouraged by summer upturn and reduced first-half loss
Air Baltic has turned in a first-half net loss of €61.5 million ($72.3 million) but is encouraged by the upturn in bookings over the summer season. The airline’s revenues were down by 40% – to €50 million – against the interim last year, as the six-month passenger figure sank. But ...
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NewsSpring Airlines seeks approval for CNY3.5 billion private share placement
Spring Airlines has moved ahead with plans to raise CNY3.5 billion ($540 million) from a private placement of shares, and China’s securities regulator has accepted its application for the issuance.
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NewsNew Wizz Air UK chief to guide budget carrier from adversity to diversity
Prising an airline from the grip of the pandemic is quite the in-tray task for a newly-appointed managing director. But Wizz Air UK’s new leader, Marion Geoffroy, who brings her long experience as an aviation lawyer to the role she assumes from former head and fellow lawyer Owain Jones, believes ...
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News‘Diabolical’ year pushes Qantas to steep full-year loss
Qantas Group plunged to a steep loss in its 2021 fiscal year, as the coronavirus pandemic cost the airline group a staggering A$12 billion ($8.7 billion) in revenue for the year.
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NewsCovid-19 hammers Air NZ earnings, revenue
Air New Zealand saw underlying losses for its 2021 financial year to 30 June widen to NZ$440 million ($279 million) from NZ$87 million a year earlier.
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NewsAergo closes on new customers for former Flybe Q400s
Irish lessor Aergo Capital believes strengthening demand for domestic and regional aviation is driving customer interest in a package of 20 De Havilland Canada Dash 8-400s it acquired earlier this year.
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NewsRossiya fleet reaches triple figures with Superjet expansion
Russian carrier Rossiya has taken its fleet into triple figures after introducing 42 Sukhoi Superjet 100s to its operation, as part of an Aeroflot Group network restructuring. It says its fleet has expanded to 100 aircraft as a result of the transfer of Superjets, and it intends to have 66 ...
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NewsIsraeli finance ministry outlines loan offer to support struggling airlines
Israeli flag-carrier El Al is among airlines being offered an additional line of financial support by the country’s government, following a series of discussions with the finance ministry. The ministry states that it is taking the steps given the “prolongation” of the pandemic crisis and its “consequences for Israeli airlines”. ...
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NewsCALC increases operating profit in first half of 2021
China Aircraft Leasing’s operating profit increased by more than a quarter in the first six months of this year, rising from HK$369 million ($47 million) to HK$469 million. Profit attributable to shareholders fell, however, from HK$332 million to HK303 million, an 8.7% decline, according to a 24 August filing to ...
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NewsIsraeli carriers face labour dispute over perceived job threat to workforce
Israeli flag-carrier El Al has prolonged, at least until the end of September, the furlough programme for personnel, as the country’s trade union centre formally declares a dispute with the aviation industry over concerns of mass lay-offs. El Al says it has 1,165 employees affected, adding that workers will be ...
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NewsPolar to bring in Dash 8s to modernise Soviet-era fleet
Russian regional carrier Polar Airlines is to acquire a pair of Bombardier Dash 8-300 turboprops, its first of the type, to support modernisation of its Soviet-era fleet. It states that it is purchasing the two 50-seat aircraft from a Japanese supplier. “[Polar’s] fleet will be replenished with a completely new ...
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NewsPAL swings to first-half operating loss amid Covid-19 blues
Philippine Airlines swung to an operating loss of Ps4.7 billion ($93.7 million) for the first six months of 2021, under the severe impact of the coronavirus pandemic.
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NewsSingapore eyes further international travel opening: PM
Singapore prime minister Lee Hsien Loong says his country will continue to look at ways to restore international air travel as coronavirus vaccination rates rise globally, including discussions with the USA.
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NewsEl Al keeps final 787 delivery on hold
El Al has deferred delivery of its final Boeing 787 at least until the end of this year, as it holds discussions on financing the twinjet. Delivery of the 787-8 aircraft, which would take the Israeli airline’s 787 fleet to 16, had been scheduled for March 2020 – the point ...
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NewsGaruda to carry out $30 million early retirement scheme
Garuda will allocate $30 million to carry out the second phase of its early retirement scheme this year which covers 1,100 staff, in a bid to reduce costs amid its impending business restructuring.
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NewsUS military activates civil aviation for humanitarian airlift
The US military has asked airlines to participate in the humanitarian and diplomatic airlift from Afghanistan.
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NewsBOC Aviation’s profit declines in first half of 2021
BOC Aviation reported a net profit of $254 million for the first six months of 2021, down from $323 million in the first half of last year.
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NewsAeroflot Group invests in reconfiguring 737-800s to expand Pobeda
Aeroflot Group is to invest some $58 million in reconfiguring Boeing 737-800s for transfer to the fleet of its budget airline Pobeda. The group says it has postponed several investment projects as a result of the pandemic-driven air transport crisis. But during its half-year financial update the company states that ...