Latest Airlines news – Page 218
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NewsKyrgyzstan’s Air Manas introduces CIS states’ first A220
Kyrgyzstan’s Air Manas has become the first operator in the CIS to introduce the Airbus A220. The aircraft, an A220-300 variant, has been deployed with the Kyrgyz carrier through a lease agreement with GTLK. Airbus says the airline will bring in a second A220-300 later this year. It states that ...
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NewsGaruda Indonesia agrees to pay A$19m fine for cargo price-fixing
Garuda Indonesia has agreed to pay a A$19 million ($15 million) penalty for its involvement in an air cargo cartel, as ordered by Australia’s Federal Court in a May 2019 judgement.
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NewsSoaring Covid-19 cases hit Indian airline recovery
Rocketing coronavirus cases are hitting Indian airlines hard, with the much-watched daily average passenger metric one-third off a recent high seen in March.
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NewsIndonesian aviation sector tipped for full recovery in 2026
Indonesia’s aviation sector is expected to make a full recovery by 2026, contingent on vaccines and the successful containment of the pandemic.
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NewsUK’s Stobart Air and Carlisle airport sold to Isle of Man investor
UK regional carrier Stobart Air is to be sold to an Isle of Man-based investor, Ettyl, which is also acquiring the northern UK’s Carlisle Lake District airport. Stobart Air, which operates regional services under a franchise arrangement with Irish carrier Aer Lingus, and the airport are being divested by aviation ...
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NewsJuneyao latest Chinese carrier to suffer losses in 2020
Chinese carrier Juneyao Air was loss-making in 2020, much like its larger, state-owned compatriots, which have also saw their profitability punished by the impact of the coronavirus outbreak.
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NewsSmartavia becomes latest Russian carrier to bring in A320neo
Russian carrier Smartavia has introduced the first of three Airbus A320neo twinjets it is planning to receive this year. The aircraft, powered by CFM International Leap-1A engines, arrived at Moscow Domodedovo airport bearing the Arkhangelsk-based airline’s colours. Smartavia has newly-completed a rebranding programme. The airline was previously known as Nordavia ...
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NewsCebu Pacific raises $250 million from convertible bonds
Cebu Pacific has signed an agreement with three international financial institutions for the private placement of $250 million in convertible bonds, with the transaction expected to complete in the following weeks.
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NewsKorean Air raises W350 billion million from corporate bonds
Korean Air has raised W350 billion ($310 million) from three corporate bonds issued on 15 April. These are of W65 billion, W160 billion, and W125 billion principal, the flag carrier said in a same-day corporate disclosure. Source: Korean Air A Korean Air 787-9 The W65 billion bond ...
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NewsChina’s airlines expected to narrow first-quarter losses amid traffic surge
The Chinese airline industry is forecast to be about CNY30 billion ($4.6 billion) in the red for the quarter ended 31 March, narrowing its losses year on year amid an improvement in “recovery momentum”.
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NewsSIA Group’s passenger numbers fall 91% in March
Singapore Airlines Group carried 100,100 passengers in March, down nearly 91% year on year amid coronavirus-related travel restrictions.
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NewsTightened crew quarantine measures punish Cathay’s March traffic
Cathay Pacific reported a third consecutive month of traffic declines as it began to feel the impact of tightened crew quarantine measures imposed by the Hong Kong government.
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NewsChina’s ‘Big Three’ March domestic traffic leaps past 2019 levels
After a tepid start to the year, China’s three largest carriers made significant gains in domestic traffic, surpassing even pre-pandemic levels in some instances.
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NewsVietnam Airlines outlines measures to bolster financial position
Vietnam Airlines has outlined various support measures to improve its financial position following its losses in 2020.
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NewsPobeda takes on first 737-800 under Aeroflot Group fleet optimisation
Russian budget carrier Pobeda has received the first Boeing 737-800 to be transferred to the operator under Aeroflot Group’s broad fleet restructuring programme. Aeroflot Group is re-aligning the fleets of Aeroflot, and subsidiaries Rossiya and Pobeda, as part of a strategic rethink on capacity allocation within its various markets. This ...
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NewsFurther consolidation among top lessors unlikely: rating agencies
Major rating agencies do not expect the AerCap-GECAS merger and the sale of FLY Leasing to Carlyle Aviation Partners will lead to much further consolidation among larger rated lessors.
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NewsSouth Korea’s Aero K launches operations
South Korean carrier Aero K has commenced scheduled domestic flights, becoming the country’s eighth low-cost carrier.
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NewsWizz Air expects gradual late-summer traffic recovery
Central European budget carrier Wizz Air is expecting to turn in a net loss of €570-590 million ($680-700 million) for the full year. The company puts the underlying loss, for the year to 31 March 2021, at €475-495 million – the difference being a €95 million loss relating to discontinued ...
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NewsVirgin Australia adds 737s, restarts hiring amid domestic recovery
Virgin Australia Group will reintroduce 10 Boeing 737-800s into its fleet, as part of a wide-ranging, “fast-tracked” domestic recovery plan which will also see the carrier resume hiring.
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NewsEasyJet edges capacity levels upwards as it aims for summer recovery
UK budget carrier EasyJet is expecting to fly up to 20% of its pre-crisis capacity over the third quarter, up from 14% during the first half, and foresees these levels to start increasing from late May onwards. The airline provided the latest outlook as it projected first-half headline pre-tax losses, ...