Latest Airlines news – Page 230
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NewsT’way to acquire A330s for long-haul expansion
Korean low-cost carrier T’way Air has signed a Letter of Intent to acquire Airbus A330-300s, as it looks to tap into the medium- to long-haul market.
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NewsAsiana appoints new chief in ‘significant’ reshuffle ahead of acquisition
Asiana Airlines has reshuffled its senior leadership team in a move to “revitalise” the carrier, which will see a new chief executive appointed and seven positions cut.
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NewsGovernment reinforces Air Serbia as turbulence rocks Balkan carriers
Serbia’s government has reinforced its position in flag-carrier Air Serbia, as the air transport system of the former Yugoslavia continues to suffer with the collapse of Montenegro Airlines. Air Serbia emerged in 2013 as the former Jat Airways – a successor to Yugoslav operator JAT – underwent a revamp through ...
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NewsCourt approves BGI’s planned acquisition of Israir
Israeli carrier Israir’s sale trustee has received court approval for BGI Investments’ planned acquisition of the airline, following a drawn-out bidding contest. The Tel Aviv district court has granted approval after Israir bondholders backed the BGI bid and rejected those of two competing suitors. All three had been ordered, in ...
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NewsChina Airlines closes chapter on 747 passenger operations
China Airlines will phase out the last of its passenger Boeing 747-400s by early 2021, becoming the latest carrier in the region to retire the type, which it has operated for more than 30 years.
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NewsIndiGo investigates data breach involving ‘internal documents’
India’s biggest airline by fleet size IndiGo has said that some of its internal documents may have been compromised by hackers. In a 31 December filing to the BSE, the carrier said that “some” of its servers were hacked in December. While it was able to restore ...
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NewsBOC Aviation issues Covid-19-related profit warning for 2020
BOC Aviation has kicked off the new year with a heads-up to investors and analysts that its net profit for 2020 could be at least 25% down on the year prior. In a profit warning issued today to the Hong Kong stock exchange, the Singapore-based lessor says it expects net ...
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NewsIAG welcomes UK-EU liberalisation clause as it adapts ownership structure
British Airways and Iberia parent IAG has welcomed the recognition of airline ownership liberalisation contained within the text of the new UK-European Union trade agreement. Ownership has been an issue for IAG during the UK’s withdrawal from the EU, because IAG controls both UK and EU carriers. IAG has been ...
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NewsSwedish debt authority grants guarantee to regional carrier BRA
Sweden’s national debt office has given a guarantee for a SKr200 million ($24 million) loan intended for Braathens Regional Airways. The guarantee covers 90% of the principal for the loan, which will run for five years. Sweden’s government has mandated the debt office to provide the guarantees to mitigate the ...
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NewsIsrair trustee seeks court approval for BGI acquisition
Israeli carrier Israir’s sale trustee has sought formal approval from a Tel Aviv court for the acquisition offer put forward by bidder BGI Investments. BGI Investments is a division of the company Shai Odem, controlled by retail entrepreneur Rami Levy and business partner Shalom Haim. After a drawn-out contest for ...
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NewsIsrair poised to be acquired by retail entrepreneur through BGI bid
Retail entrepreneur Rami Levy appears set to take over Israeli leisure carrier Israir, following a convincing backing of BGI Investments’ offer for the airline in a three-way run-off. BGI had been competing in a final bidding round for Israir against rivals YH Dimri and Dor Alon Energy. Bondholders voted on ...
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NewsAir China chairman resigns after seven-year tenure
Air China chairman Cai Jianjiang has resigned his position, to be replaced by the airline’s vice chairman and president, Song Zhiyong.
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NewsGovernment urged to direct SAA rescue funds to vaccine resource
South Africa’s political opposition is urging the country’s finance minister, Tito Mboweni, to abandon the R10 billion ($680 million) funding plan to restructure South African Airways and plough the capital into a vaccination programme. The Democratic Alliance has written to Mboweni claiming that the government should “divert” the SAA allocation ...
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NewsVolga-Dnepr starts restoring An-124 fleet to operation
Russian outsize freight specialist Volga-Dnepr is resuming commercial operations with its Antonov An-124 fleet, a month after suspending use of the type. The operator temporarily withdrew the cargo transporter from service after the 13 November accident at Novosibirsk in which one of its An-124-100s suffered an uncontained engine failure and, ...
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NewsEmirates considers refitting A380s with new premium-economy cabin
Middle Eastern carrier Emirates has shown off the new premium-economy cabin fitted to its latest Airbus A380, of which the airline took delivery in mid-December. It comprises 56 seats in a 2-4-2 cross-section, with up to 40in pitch, at the front of the A380’s main deck. Each has a 13.3in ...
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NewsRossiya aims to have nearly 70 Superjets next year
Russian operator Rossiya aims to introduce a fleet of nearly 70 Sukhoi Superjet 100s by the end of next year, as part of a strategic overhaul of Aeroflot Group’s operations. Rossiya says the federal aviation regulator Rosaviatsia has included the Superjet type on the carrier’s air operator’s certificate, ahead of ...
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NewsWizz Air imposes post-Brexit share restrictions to slash non-EU ownership
Central European budget airline operator Wizz Air Holdings is to implement a plan to align its ownership structure to ensure it continues to meet European Union requirements once the UK’s withdrawal from the EU is finalised on 1 January. Wizz Air Holdings says that, if it does not take action, ...
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NewsIcelandair agrees sale-and-lease of two more 737 Max jets
Icelandair Group is selling a pair of Boeing 737 Max jets under a leaseback scheme, ahead their delivery next year. The two Max 9s are due to be introduced to the Icelandair fleet in the second quarter of 2021. Icelandair Group says it has entered an agreement with Sky Aero ...
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NewsIsrair bidders submit final offers ahead of bondholder vote
All three bidders for the Israeli leisure airline Israir have submitted final offers for the carrier, with bondholders set to vote on the proposals on 29 December. The three bidders – BGI Investments, Dor Alon Energy and YH Dimri – had been told to put forward final offers by 28 ...