Latest Airlines news – Page 227
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NewsPAL to cut workforce by one-third from mid-March
Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since October.
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NewsLion reaches agreements with (some of) its lessors
Several lessors to Lion Group airlines have agreed to restructure their leases after months of bilateral negotiations, Cirium understands.
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NewsUS Senate confirms Pete Buttigieg as DOT head
The US Senate has confirmed Pete Buttigieg to lead the Department of Transportation (DOT) in the administration of President Joe Biden by a vote of 86-13.
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NewsBiden meets with Republicans on Covid relief package
US President Joe Biden on 1 February met with a group of Republican senators at the White House to discuss their proposed $618 billion coronavirus relief package, while his administration continues to call for a $1.9 trillion stimulus to help the US economy weather the pandemic. Nine of the Republican ...
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AnalysisLessors take stock as HNA creditors seek its bankruptcy
News that HNA Group creditors will seek to put the conglomerate into bankruptcy and reorganise it did not come as a surprise to some lessors, who had been anticipating such an announcement around the Chinese New Year.
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In depthAirline industry embarks on global vaccine challenge
Aviation contributed to the spread of Covid-19 and has suffered more than many sectors from the economic and health crisis it created. Now the industry is leading the fight back by transporting vaccine consignments around the world.
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NewsRyanair summer fleet plans rest on 737-8200 certification
Ryanair is hoping that, following restoration of the Boeing 737 Max in Europe, certification of the specific high-density 737-8200 variant will shortly follow, allowing it to build a fleet of the jets ahead of summer. The US FAA’s flight standardisation board conducted an analysis of changes introduced for the -8200 ...
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NewsHainan Airlines warns full-year loss could hit staggering CNY65 billion
China’s Hainan Airlines has forecast a staggering full-year net loss of between CNY58 and 65 billion ($9-10 billion), with asset impairment costs expected to account for a significant portion of its red ink.
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NewsChina’s ‘Big Three’ flag steep full-year losses from pandemic impact
China’s three largest carriers are expecting to swing firmly into the red for the year ended 31 December 2020.
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NewsChinese aviation giant HNA Group receives bankruptcy filing
Hainan Airlines’ parent company, HNA Group, will undergo a business reorganisation after creditors filed for its bankruptcy.
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NewsANA taps into bellyhold cargo in Okinawa logistics hub revamp
The ANA Group will make use of bellyhold cargo of flights at Okinawa island’s Naha airport in its plans to revamp the island’s logistics hub into a new network model.
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NewsIndiGo narrows losses in third quarter
Indian low-cost carrier IndiGo posted another loss in the third quarter of its financial year as revenues slumped by half on capacity cut 40%, though figures did mark some improvement on the previous quarter. In a stock-market announcement today, the airline’s parent Interglobe Aviation disclosed a pre-tax loss of Rs6.2 ...
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NewsIATA warns that paper tests for Covid-19 are open to fraud
IATA is urging governments to embrace digital platforms for Covid-19 testing as it warns that paper-based tests are vulnerable to fraudulent results.
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NewsThai granted final extension to submit rehabilitation plan
Thai Airways International’s submission of its rehabilitation plan is being delayed a second time after it won approval to submit the plan an additional month later.
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NewsWizz Air optimistic that 2021 will be ‘transition’ year
Central European budget carrier Wizz Air is expecting travel limitations to continue impacting capacity levels over much of the its fiscal fourth quarter – the three months from January to March – but adds that 2021 will be a “year of transition” as restrictions ease. Wizz Air gave the outlook ...
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NewsQantas, BP in SAF, emission reduction partnership
Qantas and fuel giant BP will explore carbon emission reductions and sustainable aviation fuel development.
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NewsIATA urges states to back airlines as outlook darkens
Trade body IATA is warning states will have to dig deeper over the coming months to support struggling airlines as travel restrictions continue to tighten in response to new strains of the Covid virus.
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NewsUkraine seeks to ban overflights by Pobeda and other Russian carriers
Ukraine’s government has approved a proposal to sanction 13 Russian companies, including several airlines which will face a three-year ban on overflying Ukrainian territory. The measure is continuing evidence of the political tensions between the two countries whose relationship deteriorated after the Russian annexation of Crimea nearly seven years ago. ...
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NewsNorwegian start-up Flyr plans 1 June launch
Flyr intends to operate its first services at the start of June using Boeing 737 aircraft, as the start-up seeks to become a new low-cost carrier for the Norwegian market.
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NewsThai mulls further extension to rehabilitation plan submission
Thai Airways International is considering another extension on the deadline to submit its restructuring plan, this time until the end of February or beginning of March.