Latest Airlines news – Page 212
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NewsCathay gets one-year drawdown extension for $1bn loan facility
The Hong Kong government has agreed to extend the drawdown period of a HK$7.8 billion ($1 billion) loan facility for Cathay Pacific Airways by 12 months.
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NewsIndiGo chief strikes confident tone despite huge losses
Indian low-cost carrier IndiGo is optimistic that passenger levels will return to where they were in February by the end of 2021.
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NewsLufthansa A350 agreement gives Airbus first airline long-haul order this year
Lufthansa’s agreement for five Airbus A350-900s has given the airframer its first long-haul order from an airline this year, although it only increases the German carrier’s firm A350 commitment by two. Airbus’s latest backlog data shows that the airline’s overall A350 order has increased only from 43 to 45 aircraft, ...
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NewsMalaysia’s air traffic slump to continue into next quarter
Malaysia’s air traffic is expected to remain at current low levels for at least the next three months, amid countrywide movement restrictions in place until mid-June.
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NewsCoronavirus hammers IndiGo earnings in 2021
Indian low-cost carrier IndiGo slumped to an operating loss of INR4.6 billion ($63 million) for its 2021 financial year, compared with an operating profit of INR56 billion a year earlier.
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NewsLessors seeking detail of AirAsia and AAX fundraisings
The restructurings of long-haul low-cost carrier AirAsia X and its short-haul cousin AirAsia are making progress, but lessors have doubts about the carriers’ ability to secure the fresh funds they need to make new business plans work.
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NewsUtair proposes debt-to-equity swap as part of financial restructuring
Shareholders of Russian carrier Utair are to consider a debt-to-equity swap as part of a continuing restructuring of the airline’s finances. Utair says shareholders including AK-Invest and Neft-Consulting as well as carrier group’s own maintenance division Utair Engineering are set to take part in the swap. “The airline’s debts to ...
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NewsGaruda defers periodic distribution under $500 million sukuk
Garuda Indonesia will defer payment of a periodic distribution under its $500 million sukuk trust certificate as it considers “strategic alternatives” to address ongoing challenges amid the pandemic.
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NewsAsia-Pacific 737 Max deliveries resume amid slow road to recertification
Fiji Airways became the first carrier in the Asia-Pacific region to take delivery of new Boeing 737 Max aircraft this year, after Fijian civil aviation authorities lifted the type’s grounding.
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NewsT’way Air introducing A330s to all-Boeing fleet in February
All-Boeing operator T’way Air is adding three Airbus A330-300s to its fleet in February 2022.
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NewsVietnam Airlines puts its 11 oldest A321s on sale
Vietnam Airlines has announced plans to sell 11 Airbus A321s through a competitive tender.
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News‘Lack of consensus’ among constraints for Southeast Asia recovery: whitepaper
A Singapore aviation institute has attributed a patchy air traffic recovery in Southeast Asia —with some countries reopening first to other countries outside the region —to regional constraints and a “lack of consensus”.
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NewsHi Fly A330 to perform flight tests with radical three-blade wing-tip concept
Portuguese wet-lease operator Hi Fly is to use an Airbus A330 as a testbed for a wing-tip modification which is intended to reduce fuel burn on the type. The radical wing-tip design – branded ‘Trinitair’ – features three blades, set at different angles, and has been developed by German-based firm ...
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NewsWizz Air persists with fleet renewal despite travel crisis
Wizz Air ended the latest fiscal year with more aircraft in its fleet than it had forecast a year previously, despite the impact of the air transport crisis. The budget carrier had expected its fleet to expand from 121 to 131 aircraft over fiscal 2020-21 but the figure actually reached ...
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NewsVietnam lifts international flight suspension to main gateways
Vietnam has abruptly reversed a decision to suspend inbound international flights to its main gateways of Ho Chi Minh City and Hanoi, which were supposed to be in place for at least this week.
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NewsWizz plots course to full recovery but restrictions threaten more losses
Wizz Air chief Jozsef Varadi is warning that the company is likely to turn in a net loss for 2021-22 unless there is an “accelerated and permanent” lifting of pandemic restrictions. Varadi gave the outlook as the airline unveiled full-year net losses for 2020-21 of €576 million ($704 million), as ...
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NewsAir China names new president and executive director
Air China has promoted its vice-president Ma Chongxian to the position of president, effective 31 May.
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NewsAirAsia X gets shareholders' nod for restructuring
Beleaguered AirAsia X has gained shareholder approval to proceed with its corporate restructuring plan, as it reiterated its commitment to an operational restart “as soon as possible”.
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NewsAuditor questions Indonesia AirAsia’s future amid full-year losses
The parent company of Indonesia AirAsia plunged to the red in its full-year earnings, as its auditors cast “significant doubt” on the carrier’s future.
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NewsVietnam suspends international flights to Hanoi, Ho Chi Minh City
Vietnam’s two main international gateways Ho Chi Minh City and Hanoi will temporarily suspend inbound international flights for at least one week as the country battles its largest surge in Covid-19 cases since the pandemic began.