Latest Airlines news – Page 247
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NewsThai airlines petition prime minister for $774m in soft loans
Senior management of seven Thai airlines have petitioned the country’s prime minister to provide Bt24 billion ($774 million) in soft loans to local carriers. The government said in a 28 August statement posted on its website that executives from Thai AirAsia, Thai AirAsia X, Thai Smile, Thai Lion Air, Thai ...
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NewsNok Air narrows losses in second quarter
Thai budget carrier Nok Air narrowed its losses in the second quarter despite the impact of the Covid-19 pandemic, though overall losses for the first half of the year were significantly higher than the year-ago period. Apart from Covid-19, other factors that contributed to its first-half performance include greater foreign ...
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NewsEVA Air swaps some 787-10s for 777Fs and 787-9s
Taiwanese carrier EVA Air is amending its order for Boeing 787-10s, swapping some of the outstanding aircraft for 777 freighters and 787-9s. The airline says it has reached agreement with Boeing to exchange seven of the 787-10s yet to be delivered for four 787-9s and three 777Fs. EVA Air says ...
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NewsRussian state helps Aeroflot Group obtain Rb70bn in loans
Aeroflot Group has obtained state guarantees to enable it to secure two loans totalling Rb70 billion ($940 million), and has also received a subsidy worth Rb7.9 billion. The Russian operator has turned in a net loss of Rb58.3 billion for the first six months of the year, under international accounting ...
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NewsEl Al 737 arrives in Abu Dhabi after landmark flight
El Al’s landmark United Arab Emirates service from Tel Aviv has arrived at Abu Dhabi, having conducted the flight through Saudi Arabian airspace. The Boeing 737-900ER touched down on Abu Dhabi’s runway 13R at about 15:38, having departed Tel Aviv at about 11:22 – a flight time of some 3h ...
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NewsUnited eliminates change fee for US travel, allows free standby
United Airlines has “permanently” eliminated reservation change fees for domestic economy- and premium-cabin tickets and opened free same-day standby to all customers.
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NewsChina’s ‘Big Three’ carriers suffer first-half losses
At least one of China’s three largest state-owned carriers has explicitly warned that the coronavirus outbreak will continue to severely impact its profitability in the short term. In the release of its half-yearly results, China Southern Airlines says the “severe impact” of the pandemic has led it to predict ...
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NewsEl Al plans to cross Saudi airspace with 737 to reach UAE
El Al’s planned inaugural flight to the United Arab Emirates is being flightplanned to transit Saudi Arabian airspace, a route which would normally be off-limits to Israeli aircraft. The intended flightpath for the Tel Aviv-Abu Dhabi flight on 31 August would cross Jordanian airspace and then enter Saudi airspace at ...
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NewsComair receives binding offer as it finalises business plan
South African carrier Comair’s rescue practitioners have received a binding offer from the preferred investors for the company. As a result, the practitioners are seeking creditors’ consent for a further extension to the deadline to publish the business rescue plan for the operator. Comair, which operates as a British Airways ...
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NewsBerlin Brandenburg preps for 31 October opening following long, troubled slog
Flughafen Berlin Brandenburg (FBB), the operator of the long-delayed Berlin Brandenburg International airport, getting set for a 31 October opening, revealed details about festivities and the first arriving jets.
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NewsIsraeli airport operator lists landmark El Al service to UAE
Israeli carrier El Al appears set to operate an initial service to the United Arab Emirates on 31 August, following the diplomatic agreement reached between the two sides. The Israeli and UAE governments disclosed the normalisation of diplomatic relations on 13 August, and stated that direct flights would be among ...
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NewsEl Al granted delivery deferral for final 787
Israeli flag-carrier El Al has been granted a deferral to the end of November for delivery of its final Boeing 787, after the air transport crisis interrupted its fleet renewal schedule. It has signed agreements for a $122 million financing of the 787-8 in February – based on a JOLCO ...
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NewsVistara starts London flights under ‘transport bubble’ arrangement
Indian carrier Vistara has commenced thrice-weekly flights between Delhi and London Heathrow under a bilateral “transport bubble” arrangement, and is in discussions to operate to other European countries. London Heathrow, which it will operate from 28 August to 30 September, will be the carrier’s first long-haul destination in its ...
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NewsEl Al loss quadruples over first half
Israeli flag-carrier El Al’s first-half pre-tax loss has nearly quadrupled, to $270 million, compared with last year’s interim figure. El Al also posted a net loss of $244 million in contrast with the previous half-year deficit of $55 million. Its revenues for the six months to 30 June halved to ...
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NewsFiji Airways quashes insolvency rumours
Fiji Airways has rejected what it describes as injurious media speculation about its financial health. ”Fiji Airways is not insolvent by any definition of the word, whether you look at our cash flow or our balance sheet,” managing director and chief executive, Andre Viljoen said in a statement on 27 ...
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NewsAir New Zealand posts first loss in 18 years
Air New Zealand reported an NZ$87 million ($58 million) underlying loss for the financial year (FY) ended 30 June, as the Covid-19 pandemic swiftly changed its fortunes during the reporting period. “The 2020 financial year has been a year of stark contrast. Air New Zealand had a solid start to ...
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsCzech carriers apply for protection to stabilise finances
Czech operator Smartwings Group has formally sought temporary creditor protection to buy time to achieve financial stability during the air transport downturn. Smartwings Group, which includes both Smartwings and Czech Airlines, says it has filed with a Prague court for an extraordinary moratorium. The temporary measure provides space to negotiate ...
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NewsCrisis interrupts Croatia Airlines talks to cancel A320neo order
Croatia Airlines has disclosed that it has been discussing the cancellation of its Airbus A320neo order, the latest twist in a single-aisle situation dating back 12 years. Its order for four of the re-engined jets was placed in September 2015 – four months before the type entered service – with ...
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NewsGovernment extends deadline for Air India sale yet again
The Indian government has extended the deadline for the sale of flag carrier Air India by a further two months, attributing it to the Covid-19 pandemic. In an eighth corrigendum published by the Department of Investment and Public Asset Management, the deadline to submit of expressions of interest has been ...