Latest Airlines news – Page 214
-
NewsFosun International unit setting up firm to invest in airlines
A subsidiary of Chinese conglomerate Fosun International is setting up a company with the purpose of investing in airlines.
-
NewsStrong cargo performance helps Asiana narrow losses
Asiana Airlines narrowed its first quarter operating loss to W11.2 billion ($9.9 million), compared with W2 trillion a year earlier.
-
NewsCathay Pacific aims to attain carbon neutrality by 2050
Hong Kong carrier Cathay Pacific has committed to cut carbon emissions to net zero by 2050, by focusing on investing in sustainable aviation fuel (SAF), carbon emission offsets and reducing emissions through enhanced efficiency.
-
NewsStop-start recovery for Asia-Pacific aviation market, warn experts
Webinar panelists suggest region faces an on-off recovery as states respond to Covid-19 outbreaks by closing borders with little warning
-
NewsEl Al not concerned about financial impact of Gaza hostilities
Israeli flag-carrier El Al has yet to determine the financial consequences of the armed conflict which has ignited in Gaza, but believes the impact is not material at this stage. While some foreign carriers have been cancelling flights to Tel Aviv, El Al says it has continued to offer an ...
-
NewsSIA Group to take 32 deliveries despite very weak demand
Singapore Airlines Group expects to take delivery of 32 aircraft in the coming 12 months including eight Boeing 737 Max 8, although it is uncertain when the type will return to service in the region.
-
NewsSIA announces S$6.2 billion convertible bond issue
Following massive losses for its 2020/21 financial year, Singapore Airlines (SIA) has moved to further shore up its cash position with a S$6.2 billion ($4.6 billion) convertible bond issue.
-
NewsQantas flags A$2 billion loss amid further job cuts, wage freeze
The coronavirus pandemic is expected to cost the Qantas Group A$16 billion ($12.4 billion) in lost revenue, though airline chief Alan Joyce believes it is “slowly starting to turn the corner”.
-
NewsAer Lingus details cuts at Shannon and Cork bases
Aer Lingus is to permanently close its cabin crew base at Shannon airport as part of a series of cost-savings measures after warning there will be redundancies as it emerges smaller from the pandemic.
-
NewsCourt rules against KLM and TAP state aid approvals
A court has annulled European Commission decisions approving state aid for KLM and TAP Air Portugal, judging that it failed to consider all factors, though it has suspended the annulments until fresh decisions are made.
-
NewsEmbattled SIA plunges to record losses in ‘toughest year’ yet
In what it called the “toughest year in its history”, Singapore Airlines Group slumped to a record S$4.3 billion ($3.2 billion) full-year net loss, dragged down hefty impairment costs.
-
NewsAir Astana to shift some jets to Irish register under new regulatory pact
Some of the aircraft operated by Kazakh carrier Air Astana are set to be transferred to the Irish registry under a new regulatory services agreement between the two countries. Under ICAO standards such a formal arrangement enables aircraft operated in one country to be registered in another. The agreement between ...
-
NewsLATAM opts to convert more 767s to freighters
South American operator LATAM Group is to take its fleet of converted Boeing 767-300ER freighters from 11 to 21 over the next two years, after enhancing its cargo expansion plan. LATAM had originally intended to take four Boeing Converted Freighter aircraft but placed options for another four, all of which ...
-
NewsCooking oil-powered A350 flight flags French sustainability efforts
Air France has carried out an Airbus A350-900 service to Montreal powered by a biofuel sourced from waste cooking oil, part of a combined effort to produce sustainable aviation fuel in France. The fuel was created by project participant Total, without using virgin plant-based oil, at its La Mede biorefinery ...
-
NewsIndia domestic traffic continues decline in crisis-hit April
Indian carriers saw domestic passenger numbers decline again in April, as the country plunged into crisis amid a resurgent wave of coronavirus infections.
-
NewsCovid-19 hammers South Korean LCCs in Q1
South Korean low-cost carriers all saw operating losses widen significantly during the first quarter of 2021 amid the coronavirus pandemic.
-
NewsIcelandair Group finance chief steps down after two years
Icelandair Group has named Ivar Kristinsson as its interim chief financial officer, following the decision by Eva Soley Gudbjornsdottir to step down from the post after two years. Gudbjornsdottir has overseen the group’s finances, steering it through the impact of the pandemic, since succeeding Bogi Nils Bogason – who had ...
-
NewsCathay sees traffic lift in April, though recovery still a long way
Cathay Pacific has warned that it is not seeing any “immediate meaningful improvement” in passenger travel demand, as it discloses another dismal month of traffic figures.
-
NewsIcelandic start-up Play moves closer to launch
Planned Icelandic start-up Play Airlines appears closer to launching after securing its Air Operator’s Certificate and its first aircraft.
-
NewsBangkok Airways has tough Q1 amid tourism travails
Bangkok Airways saw its first quarter operating loss widen to B677 million ($21.5 million) from B284 million a year ago, as the coronavirus pandemic continued its relentless pressure on Thailand tourism.