Latest Airlines news – Page 243
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NewsA320neo line adapts to five digits for MSN10000 delivery
Lebanese flag-carrier Middle East Airlines has taken delivery of the first Airbus A320-family aircraft to have been assigned a five-digit serial number, with the handover of an A321neo bearing MSN10000. While the aircraft is not the 10,000th A320 to be transferred to a customer – that milestone is still a ...
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NewsFlypast marks British Airways 747s’ final Heathrow departure
British Airways’ final pair of London Heathrow-based Boeing 747-400s have departed the UK hub, following the airline’s decision to retire the type from service. Aircraft G-CIVB, painted in the ‘Negus’ heritage livery for the airline’s 100th anniversary, lifted off at 08:40 on 8 October, followed immediately by G-CIVY about 1min ...
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NewsIcelandair sells three 757-200s for freighter conversion
Icelandair Group is to sell three of its Boeing 757-200s, which will be converted into freighters following the transaction. Disposal of the Icelandair aircraft will generate about $21 million in net proceeds, the company says. It has not identified the buyer of the twinjets. Two of the aircraft are 1994 ...
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NewsCebu Pacific to raise $500 million in fresh capital
Cebu Pacific announced plans to raise up to $500 million in additional capital — by selling preferred shares and bonds — as it undertakes a restructuring exercise that sees it cut its fleet and network to cope with reduced travel demand. The Philippine low-cost carrier discloses that it will raise ...
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NewsIATA warns of imminent airline bankruptcies
The world’s airlines are haemorrhaging cash at a rate of around $300,000 per minute or $13 billion per month, which could force large swathes of the industry into bankruptcy within months, IATA has warned. With traffic levels set to remain stunted through 2021, IATA believes carriers will continue to burn ...
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NewsNo new pilots needed for ‘very long time’: Lufthansa training arm
Lufthansa’s in-house flight academy has advised student pilots to consider other careers as the industry will not require them “for a very long time”.
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NewsAir New Zealand announces executive changes
Air New Zealand has announced further changes to its executive team – the addition of a new role as well as the resignation of its finance chief. Leanne Geraghty has been appointed to the newly created position of chief customer and sales officer, reporting directly to chief executive Greg Foran. ...
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NewsEl Al loses argument as state accepts Kanfei as main shareholder
Israeli authorities have granted investor Eli Rozenberg control of the largest shareholding in flag-carrier El Al, following the airline’s recent share issue. El Al has disclosed a communication from the Government Companies Authority giving consent of the special state shareholder of the airline to Kanfei Nesharim Aviation’s acquisition of a ...
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NewsUS House leader Pelosi promises airlines further aid
US House of Representatives speaker Nancy Pelosi has promised relief for the aviation industry a day after airlines began furloughing staff as government financial aid expired.
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NewsAeroflot Group aims to raise Rb80bn through share placement
Aeroflot Group is aiming to raise at least Rb80 billion ($1 billion) through a capital increase involving the placement of new shares, in order to strengthen its liquidity. Although it had previously prepared to place up to 1.7 billion shares, the Russian operator says it has yet to determine the ...
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NewsEmirates fined over JetBlue codeshare flights in Iranian airspace
Middle Eastern carrier Emirates is set to be fined by the US Department of Transportation for operating services through Iranian airspace while carrying a codeshare with US budget operator JetBlue Airways. US investigations have determined that, during the first three weeks of July last year, Emirates operated services with the ...
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NewsPandemic forces ‘urgent’ restructuring at Malaysia Airlines
Malaysia Airlines will embark on an “urgent restructuring exercise”, which includes a “drastic” relook at its network and fleet plans, as the coronavirus outbreak upended its business recovery momentum. The process, which will involve revising its long-term business plan rolled out in 2019, will span the next few months, ...
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NewsAustralia unilaterally opens travel zone with New Zealand
Australia has unilaterally established a travel zone with New Zealand, setting the stage for some resumption of air travel between the two nations. “The Australian government is establishing a Safe Travel Zone with New Zealand,” says Australian prime minister Scott Morrison. Source: Qantas Amid the coronavirus pandemic, the ...
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NewsIAG receives strong response to recapitalisation share offer
British Airways and Iberia parent IAG has received a strong response to the share issue undertaken to reinforce the company’s liquidity. It has received acceptances for the entire batch of nearly 2.98 billion shares offered under the capital increase. IAG says that, by the end of a pre-emptive subscription period ...
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NewsAAPA moves annual meeting online
The Association of Asia Pacific Airlines (AAPA) will be conducting its annual meeting of presidents virtually, the latest in major aviation meetings to move online following the coronavirus outbreak, which precludes large scale gatherings. The annual meeting, which will airline heads from major Asia-Pacific carriers gather, was to have ...
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NewsSingapore opens short-term leisure travel to two more countries
Singapore will lift border restrictions for visitors from Vietnam and Australia, excluding the state of Victoria, starting 8 October. “Both countries have comprehensive public health surveillance systems and displayed successful control over the spread of the Covid-19 virus,” the Civil Aviation Authority of Singapore (CAAS) said on 30 September. ...
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NewsAirAsia Japan on verge of being shut down: reports
Media reports indicate that AirAsia is on the verge of shutting down its joint venture airline in Japan. An announcement about the closure of AirAsia Japan could come as soon as Monday, according to the Nikkei Asian Review, citing a source. Source: Wikimedia Commons AirAsia Japan has three ...
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NewsSAA suspends operations as rescuers seek to preserve finances
South African Airways has suspended all airline operations while its rescuers assess options to obtain urgent funding for the embattled flag-carrier. While the government has been claiming continuous engagement with potential funding sources, SAA’s rescue practitioners have warned of dwindling reserves, and have been keeping creditors updated over the deteriorating ...
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NewsChina Eastern tweaks bellyhold cargo deal with China Cargo
China Eastern Airlines has adjusted its bellyhold freight business deal with sister carrier China Cargo Airlines, in light of changing market conditions following the coronavirus outbreak. The SkyTeam carrier states that the adjustments come amid falling demand for passenger transport, as well as its recent foray into the “unconventional ...
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NewsJetstar Japan posts 21% decline in full-year operating revenue
Jetstar Japan’s operating revenue declined 21% to Y47.9 billion ($454 million) for the fiscal year ended 30 June, as it grappled with the impact of Covid-19. “Despite strong performance in the first half of the fiscal year, the second half was significantly affected by the sharp decline in aviation demand ...