Latest Airlines news – Page 241
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AnalysisFor Malaysia Airlines, clarity and urgency in restructuring is key
The future of Malaysia Airlines was recently thrust back into the spotlight, as it undertakes an urgent restructuring exercise. Again it confronts an existential dilemma about what, exactly, it needs to do.
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NewsAlberta to ease quarantine requirements to passengers arriving in Calgary
Canada has taken the first tentative steps of easing its coronavirus quarantine rules, rolling out a programme aimed at allowing air passengers arriving in Calgary to sidestep quarantine requirements.
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NewsAlaska reports market improvement despite $431m Q2 loss
Alaska Air Group lost $431 million in the third quarter of 2020, though the company insists its passenger and financial figures continue improving month by month.
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NewsIAG cuts fourth-quarter capacity levels again
British Airways and Iberia parent IAG has cut its expectations for fourth-quarter capacity, estimating that it will be 70% down on the previous year. IAG had already lowered its capacity forecast for the quarter to 60% down – from a previous 46% down – in early September. But the company ...
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NewsIsrael’s Arkia to open Dubai services in early 2021
Israeli carrier Arkia has disclosed that intends to open services to Dubai, in the United Arab Emirates, from the beginning of next year. Arkia’s planned service follows the signing of a new air services agreement between Israel and the UAE after the two sides agreed to normalise diplomatic relations. The ...
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NewsEl Al pilots lose legal bid to overturn cockpit efficiency agreement
Israeli flag-carrier El Al’s pilots have lost a legal bid to invalidate an efficiency agreement for cockpit crews, which was reached in mid-July in the absence of pilots’ representatives. This agreement was one of several revising terms for several groups of El Al workers. The new pacts were a condition ...
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NewsVietjet A321 suffers 4.27g hard landing at Dong Hoi
One of Vietjet Air’s Airbus A321s has apparently suffered structural damage after a hard landing at Dong Hoi airport in central Vietnam. FlightGlobal understands that the accident occurred in the early evening on 16 October as the aircraft, VN-A639, landed on a wet runway in Dong Hoi after operating flight ...
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NewsSIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The amount was drawn down between 8 June and 13 October, and besides a one-time S$2 billion repayment of a bridge loan from DBS Bank, key components are S$1.6 billion ...
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NewsAirAsia Berhad secured new loan: airline chief
Budget carrier AirAsia Berhad has agreed fresh funding as it seeks to navigate its way through the Covid-19 crisis. The Kuala Lumpur-based airline tells Cirium in a statement that it is unable to disclose the lenders or the amount being made available. Source: AirAsia AirAsia has confirmed that ...
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NewsLessors baulk at Malaysia Airlines’ restructuring plan
Sixteen third-party lessors have exposure to Malaysia Airlines, which earlier this month announced an “urgent restructuring exercise” that would include a “drastic” relook at its network and fleet plans. Leasing executives from some of those lessors, who spoke to Cirium on condition of anonymity, are not happy about the plan, ...
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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NewsAirAsia Group carriers weigh up Covid-19 measures
AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid-19 pandemic. The group’s low-cost long-haul arm, AirAsia X has “run out of money” and needs fresh capital, newly appointed deputy chairman Lim Kian Onn told Malaysian paper The Star in ...
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NewsIcelandair plans for 30% capacity cut in summer 2021 schedule
Icelandair is expecting to operate a summer 2021 schedule with capacity down by 25-30% compared with last year. It is planning to serve 32 destinations – among them the Canary Islands resort of Tenerife, which is a new route for the carrier. Twenty-two of the destinations will be European. It ...
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NewsUS start-up GlobalX tentatively signs for Vallair A321 freighters
US company Global Crossing Airlines is intending to lease 10 converted Airbus A321 freighters from the asset management specialist Vallair, the launch customer for the modification. Vallair says the preliminary agreement – still a letter of intent – is the “most significant deal” for the narrowbody freighter. Miami-based Global Crossing ...
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NewsRoyal Jordanian seeks new chief executive after Pichler retires
Royal Jordanian Airlines has named chairman Said Darwazeh as its interim chief executive, after previous head Stefan Pichler retired having spent over three years in the top post. It has yet to appoint a permanent successor after the carrier’s contract with Pichler ended on 30 September. The airline credits him ...
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NewsBerlin’s new airport completes operational tests
Berlin airports operator FBB has announced the completion of operating tests at the city’s much delayed new airport, meaning it has achieved all the steps necessary to open later this month. Since April, the operator has been running twice-weekly operational tests at the airport to the southeast of the German ...
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NewsEtihad 787 arrives in Tel Aviv for Israeli-UAE trade and tourism mission
Middle Eastern carrier Etihad Airways has operated a commercial passenger flight from Abu Dhabi to Tel Aviv, which it claims is the first such service from a Gulf state to Israel. Etihad Airways’ flight EY9607, flown with a Boeing 787-10 (A6-BMH), landed on Tel Aviv’s runway 12 at about 07:00 ...
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NewsGlacial recovery will see Cathay operate below half capacity in 2021
Cathay Pacific will operate only around 10% of its capacity for the rest of year, and just about half for the coming year. This comes as it warns of a very slow recovery in passenger traffic, despite seeing some signs of month-on-month growth. Source: Max Kingsley-Jones/FlightGlobal Cathay Pacific ...
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NewsQantas to exit joint venture with Vietnam Airlines: report
Australia’s Qantas plans to give up its stake in low-cost carrier Pacific Airlines to joint venture partner Vietnam Airlines, according to a media report. This will be transferred at no cost and the deal is expected to be finalised by the end of October, DealStreetAsia, a Nikkei-owned Asia-focused financial publication, ...
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NewsJet Airways creditors accept Jalan-Kalrock bid
Creditors of grounded Indian carrier Jet Airways have voted to accept a bid for the airline from entrepreneur Murari Lal Jalan and asset management firm Kalrock. The creditors’ committee had discussed two rival bids for the company at a meeting on 3 October, and decided to put them to an ...