Latest Airlines news – Page 245
-
NewsEl Al signals intention to restart limited number of flights
Israeli carrier El Al is aiming to start restoring flights this month, beginning with a gradual resumption of cargo services on its aircraft. It says the cargo flights will begin returning on 21 September. El Al is intending to follow these flights with a restoration of passenger operations from 1 ...
-
NewsCrisis spurs competition regulator to prolong Oneworld transatlantic pact
UK competition regulators have imposed interim measures to address concerns over transatlantic routes operated under the Oneworld alliance’s joint business arrangement, having opted not to accept concession proposals put forward earlier this year. Oneworld carriers British Airways and American Airlines had offered slots at London Heathrow or Gatwick to alleviate ...
-
NewsSAA creditors to meet as critical rescue funds fail to materialise
South African Airways’ rescue practitioners are to call a meeting of creditors to discuss the future of the troubled company after doubts emerged over crucial government funding for the airline’s business plan. The practitioners had warned on 10 September that procuring the funding necessary to support the plan was one ...
-
NewsVietJet plans service resumption to North Asian destinations
VietJet Air plans to resume passenger service on flights to Japan, South Korea, and Taiwan, starting 29 September. From Ho Chi Minh City, the budget airline will operate one weekly flight each to Tokyo Narita and Seoul Incheon, as well as Hanoi-Taipei Taoyuan with the same frequency. Source: ...
-
NewsIsrael’s dormant Arkia to ‘survive’ after deal to cut workforce
Israeli leisure carrier Arkia’s employees have agreed a restructuring which involves cutting about a quarter of the airline’s personnel, reducing its workforce to around 400. The agreement follows months of negotiations and includes a phased salary-reduction mechanism to be imposed across all the company’s activities – although it will not ...
-
NewsSpiceJet swings to loss in first quarter
Indian budget carrier SpiceJet swung to a loss in the April to June period, but its chairman remains confident that the airline will see a significant improvement in its operating environment. The Gurugram-based carrier’s operating losses widened to Rs5.68 billion ($77 million) in the first quarter of the fiscal year ...
-
NewsChinese ‘Big Three’ expected to report profits in Q3: HSBC
A HSBC Global Research report predicts that China’s three main airlines will report profits for the quarter ended 30 September, led mainly by a rapid recovery in domestic air travel demand in recent months. It notes that the ‘Big Three’ — Air China, China Eastern Airlines and China Southern Airlines ...
-
NewsVietnam Airlines plans one-way 787 flights to Tokyo Narita
Vietnam Airlines plans to operate several one-way flights to Japan later this month with Boeing 787s. The flights will depart Hanoi at 23:45 on 18, 25 and 30 September. Flights from Ho Chi Minh City to Narita will depart at 00:00 on 30 September. Cirium fleets data show ...
-
NewsEl Al details initial bids after share offer
El Al has disclosed the initial results of its share issue, through which it had intended to raise proceeds of 505 million shekels ($145 million). The issue was launched on 16 September. El Al had been offering 753.35 million shares of which the government had been lined up to take ...
-
NewsAir New Zealand considers laying off hundreds more cabin crew
Air New Zealand is considering making hundreds of cabin crew redundant as a “last resort” measure in response to a reduction in long-haul demand. The flag carrier tells Cirium it has reduced its Los Angeles passenger service from a daily frequency to three return flights per week, and converted all ...
-
NewsChina’s ‘Big Three’ close in on full domestic traffic recovery
Two of China’s three largest carriers have recorded new highs in domestic passenger traffic for the year, underpinning the Chinese airline industry’s rapid domestic recovery from the coronavirus outbreak. In traffic results released for August, China Eastern Airlines and China Southern Airlines carried more passengers than they did in ...
-
Airline BusinessWild weekend offers, domestic tourism power China airline recovery
As countries around the world start to tap on domestic travel as a means of reviving economies battered by the coronavirus pandemic, one major economy has gone full steam ahead with its domestic recovery. In recent months, Chinese carriers have doubled down on domestic air travel efforts, touting discount after ...
-
AnalysisAsiana Airlines in ‘close consultation’ with creditors: CEO
The chief executive of South Korea’s Asiana Airlines, Han Chang-soo has expressed regret that the acquisition deal with Hyundai Development fell through, but says the airline is working closely with creditors to chart the way forward. “I have made efforts for the M&A to be completed for about a year ...
-
NewsTroubled Nok to improve fleet efficiency, seek alternative revenue sources
Thai low-cost carrier Nok Air, which recently filed for business rehabilitation, will improve fleet efficiency, seek alternative revenue streams, and adjust its marketing efforts - all in a bid to reduce costs. The latest move comes as the troubled carrier’s securities were given the ‘caution’ sign by the Thai stock ...
-
NewsAsiana receives $2 billion state funding after failed HDC deal
South Korea’s government will step in to manage Asiana Airlines, giving the carrier a W2.4 trillion ($2 billion) fund injection after an acquisition deal with a Hyundai Development (HDC)-led consortium fell through. The funds will come from the country’s Key Industry Stabilisation Fund with a three-year tenor from the date ...
-
NewsGovernment clears El Al support as Israel heads for new lockdown
Israel’s government has approved the decision to provide assistance to flag-carrier El Al, adding that its share acquisition will be conducted in a manner such that the state does not exceed a 44.9% stake in the airline. El Al is planning to issue 753.3 million shares to raise urgent funding ...
-
NewsThai Airways aims to hold creditors’ meeting in early 2021
Thai Airways International has received the Central Bankruptcy Court’s approval for business rehabilitation and targets to hold a creditors’ meeting early next year. The court has also accepted and appointed the airline’s nominations for rehabilitation planners, Thai says in a statement today. Source: Shutterstock Thai Airways fleet at ...
-
NewsFrench Bee eyes arrival of A350-1000s, as pandemic fails to dent optimism
Paris Orly-based long-haul, low-cost carrier French Bee remains in upbeat mood despite the coronavirus crisis and will next year significantly expand its fleet with the addition of two leased Airbus A350-1000s.
-
NewsCathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months. In its monthly traffic results for August, Cathay confirms that it is parking a significant number of aircraft overseas, given that it “will be ...
-
NewsEl Al prepares to embark on crucial funding exercise
El Al has outlined its operational position to potential investors ahead of publishing a formal offer to acquire shares in the Israeli airline as part of a 505 million shekel ($145 million) issue. The airline is planning to commence the offering on 16 September, part of a recapitalisation which will ...