Latest Airlines news – Page 238
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NewsEl Al cull continues with departure of chief financial officer
Israeli flag-carrier El Al’s chief financial officer, Dganit Palti, is to step down before the end of this year. Palti’s departure will mark another high-profile change in the wake of the ownership shake-up at the carrier. El Al undertook a share issue in September, as part of a financial rescue ...
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NewsLessor Global Knafaim bids to re-enter Israir auction after revising offer
Israeli aircraft lessor Global Knafaim Leasing has submitted a revised offer for leisure airline Israir, having initially failed to advance to the next stage of the bidding process. It has outlined a 107 million ($31.6 million) shekel proposal comprising 35 million shekels in cash and 72 million shekels representing a ...
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NewsThai Airways’ operating losses deepen in Q3
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt.
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NewsChinese carriers poised to recapture international travel market share: HSBC report
With many of their foreign competitors in the doldrums amid a pandemic-led downturn, China’s three largest carriers — having already experienced a steady domestic recovery — are well-placed to recapture market share in the international air travel market.
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NewsSpiceJet Q2 losses narrow on cargo revenue growth
A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet narrow its quarterly operating loss, even as passenger travel demand remains in the doldrums amid the coronavirus pandemic.
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NewsLufthansa Group names new chief financial officer
Lufthansa Group has appointed Remco Steenbergen to serve as chief finance officer from 1 January. He currently holds the same position at Swiss chocolate and cocoa manufacturer Barry Callebaut Group. Lufthansa says its finance department will be “re-established” with Steenbergen’s appointment. The airline’s previous finance chief, Ulrik Svensson, stepped down ...
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NewsRussia’s S7 introduces premium A319s with low-density layout
Russian carrier S7 Airlines has reconfigured a pair of Airbus A319s to increase premium accommodation on the type for high-demand business routes. The carrier has fitted just 96 seats to the aircraft, including 24 in the business-class cabin. S7’s A319s have featured a single-class arrangement with 144 seats, while Airbus ...
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NewsRevenue collapse widens Cebu Pacific third-quarter loss
Cebu Pacific continued its loss-making streak for the third quarter this year, as it widened its operating losses on the back of a steep revenue decline. For the quarter ended 30 September, the Philippine low-cost carrier and its subsidiaries reported an operating loss of Ps6.7 billion ($139 million), reversing ...
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NewsSingapore, Hong Kong travel bubble begins 22 November
The air travel bubble between Singapore and Hong Kong — the first such arrangement for both cities — will commence on 22 November, allowing for all forms of travel without having to undergo a 14-day quarantine. Outlining further details on the travel arrangements, the Civil Aviation Authority of Singapore ...
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NewsComac delivers first ARJ21 to China Express
China Express Airlines has become the country’s seventh operator of the Comac ARJ21 regional aircraft, after taking delivery of its first example.
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NewsUnited Airlines returns to New York’s JFK airport
United Airlines will return to New York’s John F Kennedy International airport in early 2021 with flights to the US West Coast, aiming to benefit from new trends in travel following the coronavirus crisis.
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NewsAeroflot chief Saveliev to become Russian transport minister
Long-serving Aeroflot Group chief executive Vitaly Saveliev is set to become Russian transport minister after he was nominated for the role by prime minister Mikhail Mishustin. The transport ministry says that Saveliev will take over, following a Russian presidential decree dated 10 November. Saveliev has led the Russian carrier group ...
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NewsArkia-Israir merger proposal among bids for Israeli leisure carrier
Israeli carrier Arkia has revealed it is bidding to take over leisure operator Israir, one of multiple parties to have declared formal interest in acquiring the carrier. Israir is being auctioned as part of a restructuring of troubled parent company IDB Development. Arkia says it would pursue Israir “by way ...
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NewsNorwegian blames lack of government support for drastic cutbacks
Norwegian is to furlough an additional 1,600 staff and park 15 of its 21 operational aircraft, blaming a lack of additional government support and the added burden of new travel restrictions for the cutbacks.
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NewsThree Russian operators to take Superjets through leasing tie-up
Three Russian carriers are to be supplied with a total of eight Sukhoi Superjet 100s under an agreement reached between airframer Irkut and PSB Leasing. Aeroflot is to take five of the twinjet type, another pair will go to Azimuth Airlines, and one to Red Wings. The Azimuth and Red ...
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NewsGaruda sees quarterly losses narrow on revenue uptick
Garuda Indonesia trimmed its quarterly losses — led by a modest uptick in revenue — as it saw some degree of domestic recovery amid the coronavirus crisis. Releasing its results for the quarter ended 30 September, the Indonesian flag carrier posted an operating loss of $346 million, reversing the $171 ...
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NewsEtihad overhauls management as it adapts to being ‘mid-size’ carrier
Several senior Etihad Airways personnel, including chief commercial officer Robin Kamark, are stepping down from the Middle Eastern carrier as it undertakes an extensive reshaping to adapt to the changed market situation. Etihad Airways says it is overhauling its business model to emerge as a “mid-sized” carrier, focusing on a ...
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NewsEthiopian takes same-day delivery of a pair of A350s
Ethiopian Airlines has taken delivery of another pair of Airbus A350-900s, both aircraft being handed over on the same day. The aircraft – MSN412 and MSN431, respectively ET-AYB and ET-AYA – departed Toulouse almost simultaneously for Addis Ababa in the early hours of 7 November. Ethiopian chief executive Tewolde Gebremariam ...
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NewsSIA converts two 777-300ERs into temporary freighters
Singapore Airlines has modified two Boeing 777-300ERs to carry cargo in the passenger cabins, tapping into freight as an alternative revenue stream as it copes with depressed passenger demand from the coronavirus crisis. The carrier states that the first of the two converted aircraft took off on 5 November, ...
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NewsSteep impairment costs drag SIA to record S$3.5 billion net loss for half year
Singapore Airlines Group took on a hefty impairment charge of S$1.33 billion ($987 million) from the early retirement of 26 older aircraft — including seven Airbus A380s — which led to a record net loss in its half-yearly earnings. The group says that the 26 aircraft were “deemed surplus to ...