Latest Airlines news – Page 232
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NewsRex slams Qantas for ‘opportunistic’ regional market expansion
Australia’s Regional Express has alerted the country’s competition watchdog on what it called an “opportunistic strategy of flooding the regional airline market with excess capacity” by rival Qantas.
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NewsAeroflot Group to divest eastern carrier Aurora
Aeroflot Group is to withdraw from the ownership of eastern Russian carrier Aurora Airlines, by selling its majority stake in the company. Aurora Airlines serves a route network from Khabarovsk, Yuzhno-Sakhalinsk and Vladivostok. It operates a fleet of 10 Airbus A319s as well as about a dozen turboprops, mainly Bombardier ...
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NewsBondholders back Dimri bid for Israir but rival bemoans shifting deadline
Bondholders of Israir parent IDB have backed the late bid by investor YH Dimri, but the sale process has sparked irritation from a rival bidder. The trustee for the sale, in an update on the bondholder voting, states that the Dimri offer was strongly supported with 97% in favour. Offers ...
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NewsFinal 737 departs Air Baltic fleet
Latvian carrier Air Baltic has withdrawn the last Boeing 737 from its fleet, delivering the aircraft to maintenance and asset-management firm Magnetic MRO.
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NewsChina imposes tougher restrictions for international flights
The Civil Aviation Administration of China (CAAC) has announced stricter measures on international flights coming into the country, as it moves to curb the number of imported coronavirus cases.
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NewsUK competition regulator probes airline refunds policy
UK competition regulators are to probe whether airlines have breached consumers’ legal rights by failing to offer cash refunds for flights they have not been able to take due to lockdown restrictions during the pandemic. The Competition and Markets Authority (CMA) says the investigation will consider situations where airlines continued ...
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NewsTitan A321LR is first with Airbus’s line-fit wireless IFE system
Airbus has delivered its first aircraft, an A321LR to Titan Airways, fitted with a line-fit in-flight entertainment system based on wireless communications architecture. The system features embedded servers and routers, wi-fi access points, and a software platform. Airbus says the open-software architecture provides airlines with the flexibility to source their ...
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NewsCathay expects ‘significantly higher’ second-half loss
Cathay Pacific Group anticipates a “significantly higher” loss for the six months ending 31 December, as passenger travel demand continues to remain in the doldrums.
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NewsFinnish government prepares possible €400m loan for Finnair
Finland’s government is preparing to provide a loan of up to €400 million ($486 million) to flag-carrier Finnair, to support the airline’s liquidity. The facility is intended to allow Finnair to access the funds should its cash or equity position fall below certain limits. This planned support – in the ...
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.
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NewsChina Airlines takes first 777F
China Airlines has taken delivery of its first Boeing 777 freighter, as it sets its sights on expanding its cargo business in the coming year.
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NewsRex receives green light for March 2021 737-800 launch
Australia’s Regional Express (Rex) has secured a permit from Australian authorities clearing it to commence Boeing 737-800 operations from March 2021. The High Capacity Air Operator’s Certificate (HCAOC) was granted by the Civil Aviation Safety Authority (CASA), allowing the Rex to use 737-800s on its existing network, says the airline. ...
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NewsUral unveils crisis-driven losses for first nine months
Ural Airlines has revealed a pre-tax loss of RB4.5 billion ($61 million) for the first nine months of the year, as Russian air transport embarks on its recovery from the pandemic crisis. The figure, to 30 September, contrasts sharply with the previous year’s Rb3.4 billion profit for the same period. ...
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NewsSingapore to allow business travel with movement restrictions
Singapore will allow short-term business travel without quarantine, starting January, but with strict restrictions on travellers’ movements.
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NewsLessor DAE delivers 737 Max 8 to American Airlines
Lessor Dubai Aerospace Enterprise (DAE) has delivered a Boeing 737 Max 8 to American Airlines, the first of 18 737 Max 8s acquired under a sale & leaseback (SLB) deal. DAE adds that the SLB for the 18 aircraft took place during the third quarter, with the delivery of the ...
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NewsCroatia Airlines to receive Kn600m through capital injection and loan
Participants in a Croatia Airlines extraordinary assembly have approved an increase in the airline’s share capital through the issue of new shares to the Croatian government. The decision was made during the assembly on 14 December. Under the measure 35 million ordinary shares will be issued, with a nominal value ...
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NewsAirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 million). ...
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NewsAzores’ SATA faces extensive restructuring as financial aid ruled illegal
Azorean carrier SATA Air Acores is facing the prospect of substantial restructuring after European regulators declared that a previous government’s capital injections to the company amounted to illegal state aid. The Portuguese archipelago’s secretary for finance, Joaquim Bastos e Silva, has disclosed during a legislative assembly that nearly €73 million ...