Latest Airlines news – Page 239
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NewsJAL to raise Y168 billion in foreign and domestic share placements
Japan Airlines is looking to raise nearly Y168 billion ($1.6 billion) in share placements, part of which will go toward fleet development, as well as to its newly-formed low-cost unit Zipair Tokyo. The Oneworld carrier will issue more than 90 million shares, with nearly two-thirds to be offered in domestic ...
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NewsWizz maintains focus on A321neo as fleet expansion slows
Wizz Air’s latest fleet plan projects a slower overall increase in the number of aircraft, compared with the beginning of this year, but with a focus on expanding the A321neo rather than the A320neo fleet. At the beginning of 2020, before the onset of the air transport crisis, the carrier ...
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NewsRex takes its first 737-800
Australia’s Regional Express (Rex) has taken delivery of its first of six Boeing 737-800 aircraft, as it mulls taking up to 10 examples by the end of 2021. The aircraft, stripped of its previous livery save for a ring of red round the engine nacelles, arrived in Sydney on 5 ...
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NewsWizz Air confident of surviving worst-case winter
Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year. Wizz Air turned in a net loss of €243 million ...
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NewsThai puts 34 aircraft on sale, including entire 747 fleet
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that 34 aircraft from its fleet will be put up for ...
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NewsTigerair Taiwan gets capital boost from parent China Airlines
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair Taiwan, bringing its total shareholding to nearly 76%. ...
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NewsPandemic shakes banks’ trust in state support of flag carriers
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected Asian governments to be more supportive of their airlines and ...
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NewsTurkish A350s quietly begin operations as crisis saps profits
Turkish Airlines has been operating its newly-delivered initial pair of Airbus A350-900s on domestic routes, but has yet to confirm a schedule for the remaining aircraft. The airline had 25 A350s on order but, while it had been intending to take five this year, the carrier has not detailed the ...
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NewsUAE’s Flydubai to open Israeli services in November
United Arab Emirates operator Flydubai is to open services to Tel Aviv this month, following the normalisation pact signed between the Gulf state and Israel. Flydubai says it will carry out a twice-daily service between Dubai and Tel Aviv from 26 November. The carrier uses a fleet of Boeing 737-800s ...
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NewsJazeera liquidity ‘sound’ as losses persist in third quarter
Kuwaiti carrier Jazeera Airways is confident that it remains a going concern, with sufficient resources, after turning in a KD5.6 million ($18.3 million) third-quarter net loss. The performance brings overall net losses, for the nine months to 30 September, to KD15.5 million. Jazeera Airways says there is a “risk of ...
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NewsGA Telesis to remarket China Airlines 747-400s
China Airlines has picked GA Telesis’ aircraft asset management unit to remarket and sell its four remaining Boeing 747-400 aircraft, with deliveries expected as early as the first quarter of 2021. The four 747s (MSNs 33734, 33735, 33736 and 33737) are currently in storage, Cirium fleets data indicates. China ...
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NewsWet-lease operator Hi Fly to axe A380 in favour of A330s
Portuguese operator Hi Fly is ending its Airbus A380 services, just two-and-a-half years after taking on the type to explore its potential for the wet-lease market. Hi Fly acquired a former A380, MSN6, in mid-2018. The aircraft, powered by Rolls-Royce Trent 900 engines and configured with 471 seats, had been ...
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NewsChina Southern to form 777F cargo unit
China Southern Airlines has applied to the Civil Aviation Administration of China (CAAC) for approval to establish a cargo subsidiary. To be based in Guangzhou, the new carrier, known as China Southern Airlines Cargo, will be wholly-owned by China Southern. Neither the CAAC nor China Southern gave any indication of ...
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NewsKLM pilots outline concerns after government freezes rescue loan
KLM pilots have requested talks with the Dutch finance ministry after the government suspended a rescue loan to the airline over its failure to meet the attached labour conditions. Pilot union VNV had held off from signing a commitment clause intended to ensure that labour agreements could be extended for ...
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NewsRyanair looks beyond hard winter towards 737 Max arrival
Ryanair envisions taking delivery of 30 Boeing 737 Max jets before the peak of summer 2021, but is expecting to face heavy losses over the upcoming winter season. It is not prepared to forecast full-year performance but states that it is expecting “higher losses” over the second half to 31 ...
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NewsIndonesia plans to merge Garuda Indonesia with tourism companies
The Indonesian government has outlined plans to merge nine state-owned tourism companies, including flag carrier Garuda Indonesia, in a move to maximise operational efficiencies. The country’s state-owned enterprises ministry states that the nine entities will be merged under a single holding company. Source: Airbus Indonesia has outlined plans ...
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NewsDutch government suspends rescue loan to KLM
KLM’s proposed restructuring plan has been rejected by the Dutch government, over the failure to secure crucial union commitments, and the airline will not be permitted to make further draws on the loans put forward to support the carrier. The Dutch finance ministry has informed parliament that the first draw ...
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NewsKLM urges pilots to sign crucial pact necessary to secure ‘survival’ loan
KLM has urged pilot and cabin crew representatives to join other unions in committing to labour contributions, in order to secure a €3.4 billion ($4 billion) state-backed loan. The Dutch carrier says the cockpit union VNV has not signed a commitment clause, while the FNV union – representing cabin and ...
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NewsChina Southern first among ‘Big Three’ to return to profitability since pandemic began
China Southern Airlines became the first of China’s three largest carriers to report a quarterly operating profit since the coronavirus outbreak began, breaking its loss-making streak in the first half of the year. Its compatriots Air China and China Eastern Airlines, while still in the red for the three ...
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NewsEl Al chief Usishkin to step down in January
Israeli flag-carrier El Al’s chief executive, Gonen Usishkin, is to step down from his position in January next year, three months after a board shake-up by the airline’s new controlling shareholder. Usishkin was named as the airline’s head in early 2018. He oversaw the transformation of El Al’s fleet, as ...