Latest Airlines news – Page 221
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NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
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NewsAir Nostrum joins Dante’s effort to electrify regional aviation
Regional carrier Air Nostrum has become the second Spanish airline after Volotea to support electric aircraft developer Dante Aeronautical.
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NewsPilot strike does not free SAS from compensation obligation: court
Scandinavian carrier SAS has lost a European court judgement over passenger compensation in the event of a strike by airline personnel, after a ruling that valid industrial action does not qualify as extraordinary circumstances. The European Court of Justice ruling contradicts a previous finding by Swedish consumer disputes board ARN ...
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NewsIAG uses Gatwick slots to secure new $1.8 billion credit revolver
IAG has signed a $1.76 billion revolving credit facility with a syndicate of banks, using take-off and landing slots at both London Heathrow and Gatwick airports as collateral.
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NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.
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NewsEVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air— have reported contrasting financial results for the year ended 31 December 2020.
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NewsBeleaguered HNA Group seeks investors for aviation assets
China’s HNA Group wants strategic investors for its airline and airport units, days after receiving court approval to merge 321 related companies into a single entity for restructuring purposes.
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NewsWith a view of Mount Fuji, China Airlines bids farewell to 747
China Airlines has ended more than 45 years of Boeing 747 passenger operations with a flight to nowhere that circled Mount Fuji in Japan on its last 747-400.
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NewsIcelandair unconcerned after volcano erupts near Keflavik hub
Icelandair believes a volcanic eruption which commenced near Reykjavik’s Keflavik airport will have only a limited effect on the flag-carrier’s operations. The eruption is close to the Fagradalsfjall peak some 20km south-east of the airport, which serves as Icelandair’s hub. According to the Icelandic Met Office it began on 19 ...
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NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
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NewsIsrael sets out conditions for alternative El Al financing scheme
Israeli flag-carrier El Al has reached a conditional agreement with the government on an alternative funding scheme, after the airline spent several months trying to negotiate a state-backed loan from local banks. El Al and its Sun D’Or airline operation have detailed the financing pact under which the Israeli state ...
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NewsSaudia seals SR11.2bn funding for 787 and A320neo fleet expansion
Saudi Arabian flag-carrier Saudia has signed an SR11.2 billion ($3 billion) financing agreement which will partly cover the acquisition of 73 aircraft. The airline describes the aircraft as “previously announced” and comprising eight Boeing 787-10s, 35 A321neos – of which 15 are the long-range A321XLR – and 30 A320neos. Saudia ...
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NewsChina Airlines appoints company veteran as new president
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president.
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NewsAustralian competition watchdog weighs in on Rex-Qantas spat
The Australian Competition and Consumer Commission (ACCC) has weighed in on the ongoing feud between Regional Express and Qantas, noting, among other things, that competition “appears to be increasing, not decreasing”.
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NewsAirAsia X wins restraining order on creditors, with exceptions
AirAsia X has been granted by the High Court of Malaya a three-month restraining order on creditors to help with its debt restructuring.
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NewsQantas domestic network recovers to pre-pandemic levels
Australian flag carrier Qantas has seen its domestic market share increase from pre-pandemic levels, at the expense of rival Virgin Australia, which entered — and subsequently exited from —administration amid the coronavirus outbreak in 2020.
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NewsUS DOT slams Hong Kong air crew quarantine rules
The US Department of Transport (DOT) has criticised the Hong Kong government’s quarantine requirements for air crew as “disproportionally” impacting US carriers “to the benefit of Hong Kong carriers”.
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NewsCourt allows merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts.
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NewsTroubled Nok given extension to submit rehabilitation plan
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan.
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NewsSingapore and Australia plan travel bubble
Singapore is looking to re-establish air connectivity with Australia, and this includes plans for a quarantine-free air travel bubble.