Latest Airlines news – Page 220
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NewsMNG opts for A330-300 freighter conversions after dropping A330-200Fs
Turkish carrier MNG Airlines has signed up for two Airbus A330-300 converted freighters, having previously abandoned orders for new-built A330-200Fs. MNG Airlines has contracted with joint-venture conversion specialist EFW for the two passenger-to-freighter aircraft, the first of which has been newly inducted to EFW’s Dresden facility for modification. This aircraft, ...
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NewsChina’s ‘Big Three’ forecast to be loss-making in 2021: HSBC report
A HSBC Global Research report has forecast China’s three largest carriers to continue their loss-making streak this year, although it was likely they would narrow their losses on the back of higher domestic traffic.
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NewsChinese majors give indication on future of 737 Max orders
China Eastern Airlines expects Boeing 737 Max deliveries to resume from 2023 — even while it works with the airframer to return the aircraft to service.
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NewsSpiceJet signs MoU for financing of 50 aircraft
SpiceJet has signed a memorandum of understanding (MoU) with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks.
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NewsBamboo Airways clinches London Heathrow slots
Vietnamese carrier Bamboo Airways has secured slots to operate flights to London Heathrow airport.
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NewsVietnam targets daily international flights from September
Vietnam is eyeing the resumption of regular international passenger flights, targeting daily flights to partnering jurisdictions in September.
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NewsRomanian budget carrier Blue Air starts receiving 737 Max 8s
Romanian operator Blue Air has started taking delivery of Boeing 737 Max jets, with the first of a batch introduced from US lessor Air Lease. Blue Air unveiled an order for six 737 Max 8s during the Paris air show in 2017 and, at the time, stated that it would ...
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NewsCDB Aviation signed more leases in 2020
CDB Aviation signed more new leases and new financing transactions in 2020 compared with the year prior, although its aircraft sales fell and it acquired fewer aircraft.
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NewsPandemic pushes China’s ‘Big Three’ into big full-year losses
China’s three largest carriers swung deeply into the red in 2020, despite a domestic air travel recovery, as the “unprecedented impact” of the coronavirus outbreak punished their profitability.
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NewsKorean Air floats 2024 for finalisation of Asiana acquisition
Korean Air estimates that “all aspects” of its acquisition of Asiana Airlines will be finalised by 2024, as the flag carrier has “readjusted” its timeline for international regulatory approvals.
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NewsHainan’s creditors seek to claw back more CNY200 billion
More than 1,500 creditors are hoping to claim more than CNY201 billion ($36 billion) from Hainan Airlines, the embattled flagship airline unit of China’s HNA Group, as a creditors’ meeting draws nearer.
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NewsNorse Atlantic to take batch of 787s from AerCap
Norwegian long-haul start-up carrier Norse Atlantic Airways has signed to lease nine Boeing 787s from Irish-based lessor AerCap. The nine aircraft comprise six 787-9s and three 787-8s – all of which are used, and all of which are fitted with Rolls-Royce Trent 1000 engines. AerCap says it will start to ...
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NewsThai eyes profitability from 2023, as potential delisting looms
Embattled Thai Airways has disclosed that it expects to become profitable again from 2023 and return to positive equity by 2030.
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NewsChinese airlines up domestic capacity from March-October
Chinese carriers will increase their domestic capacity for the summer and autumn schedules, by mounting extra flights and unveiling new domestic routes.
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NewsCivil aviation minister forecasts bleak 2020 results for Air India
Air India is forecast to widen its full-year net loss to Rs97.8 billion ($1.35 billion), even as the Indian government reiterated its support for the long-drawn divestment of the national carrier.
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NewsIrish High Court approves Norwegian restructuring
Ireland’s High Court has approved Norwegian’s plan for financial reconstruction, leaving Norway to render a decision on the carrier’s proposal.
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NewsLessor CALC axes 26 737 Max jets from orderbook
Lessor China Aircraft Leasing (CALC) has cut its orders for the Boeing 737 Max to 66 aircraft from 92 previously. In addition to cutting 26 orders for the Max, it will also “reschedule the delivery of certain aircraft,” says the company in a stock exchange statement. Source: BlueBarron ...
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In depthHow airlines stepped up to tackle wildlife trafficking
An increasing number of airlines are joining the international effort to clamp down on illegal wildlife smuggling, as the Covid-19 crisis brings the danger of zoonotic pandemics sharply into focus.
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AnalysisEl Al remains financially burdened after year of heavy losses
El Al remained in a state of balance-sheet insolvency at the end of 2020, with total liabilities exceeding its total assets by $256 million. The airline’s current assets as of 31 December 2020 had fallen to $186 million from the previous end-of-year level of $486 million. But its current liabilities ...
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NewsEl Al unveils full-year losses of more than $530m
Israeli flag-carrier El Al has revealed the extent of the pandemic’s financial damage on the airline, turning in a full-year net loss of $531 million. El Al’s pre-tax loss reached $561 million. The airline’s revenues reached just $623 million for the year to 31 December 2020, a fall of 71%, ...