Latest Airlines news – Page 255
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NewsComair rescuers seek time to consider funding offer
South African carrier Comair’s rescue practitioners are exploring a potential offer of funding for the airline, and are seeking a further postponement to publication of a business plan. The practitioners have not identified the group behind the non-binding expression of interest. But they state that the offer of cash funding ...
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NewsAirAsia chief Fernandes mulls pulling out of India JV: report
AirAsia group chief Tony Fernandes has hinted at a possible exit from its Indian joint venture, to focus on the Southeast Asian side of business. Fernandes was quoted in Indian media reports as saying that the group would “never say that we would never exit India”. He was speaking ...
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NewsSouth Africa’s Airlink bids to have SAA liquidated
South African carrier Airlink is attempting to disrupt plans to convene a creditors’ meeting to discuss whether to approve the rescue plan for South African Airways, and is seeking to have the airline liquidated. The government’s department of public enterprises says Airlink has filed a court motion “aimed at interdicting” ...
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NewsDHL orders freighter conversion of 767s
Germany’s DHL International is ordering conversion of up to four Boeing 767-300ERs to freighters to gain additional cargo capacity in the wake of the coronavirus crisis. The twinjets are set to be converted at the facilities of Israel Aerospace Industries. Neither DHL nor IAI has detailed the airframes involved in ...
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NewsIndia sets two conditions for resumption of international flights
India will restart international flights only once its domestic traffic reaches 50-60% of pre-Covid-19 levels, and that other countries loosen travel restrictions, India’s civil aviation minister has said. “We can start regular international flights when our domestic traffic reaches about 50-60%, [and] other countries open up to international traffic without ...
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NewsAvation remarkets five aircraft from Virgin Australia
Singapore-based lessor Avation plans to remove two jets and three turboprops from its biggest customer Virgin Australia after finding new homes for the aircraft. Avation has entered into agreements to lease two of the former Virgin Australia ATR 72-500s to an undisclosed commercial airline in Australia until the end of ...
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NewsSAA rescue plan revises down initial heavy losses
South African Airways’ final business rescue plan considerably revises down the losses projected over the first three years for the restructured carrier. While a draft plan circulated at the beginning of June indicated losses close to R20 billion ($1.1 billion) for the period, the final plan estimates pre-tax losses of ...
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NewsSAA rescue plan sets out initial fleet and personnel requirements
South African Airways’ resurrection plan would involve an initial restart period of eight months, running to January 2021. Over this period the fleet would be gradually built up to around 26 aircraft, comprising seven long-haul jets – about half of which would be in place at the end of this ...
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NewsEl Al wrestles with ministry over proposed financial support
Israeli flag-carrier El Al has put forward amendments to a proposed funding mechanism for the troubled airline, but insists the government has not rejected its basic propositions. El Al had been trying to negotiate a $400 million loan while the finance ministry had countered with an alternative, through which the ...
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NewsTUIfly set for difficult talks as it bids to halve fleet
German leisure operator TUIfly is to embark on union discussions to reduce the airline’s fleet, pointing out that over-capacity meant it was unable to achieve adequate load factors even before the coronavirus crisis. TUIfly is intending to halve its fleet of 39 aircraft, cutting crew, technical and administrative positions. But ...
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NewsCarriers not liable for knock-on delay from unruly passengers: EU court
European airlines can avoid paying delay compensation to passengers as a result of disruption from an unruly passenger during flight, according to a preliminary court ruling. This also applies if there is a direct causal link between the initial disruption and a subsequent delay to the same aircraft operating the ...
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NewsAirline unions ask US lawmakers for more payroll money
The largest US pilots’ union has joined an effort to lobby lawmakers to provide more financial support to aviation workers affected by the airline industry downturn.
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NewsHong Kong Airlines hopes for government support amid Covid-19
Hong Kong Airlines hopes that the city’s government can also provide it with backing amid the coronavirus pandemic after extending HK$27.3 billion ($3.52 billion) in support to flag carrier Cathay Pacific.
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NewsIAG's Level Europe division files for insolvency
IAG’s short-haul division of its budget airline Level is filing for insolvency, the Austrian-based carrier has disclosed. Branded as Level Europe, the division is operated by Anisec Luftfahrt. It says it will enter insolvency on 18 June, with all flights having been grounded since March. The business has ceased trading ...
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NewsSA Express liquidation on hold as several potential investors emerge
Provisional liquidators of South African regional carrier SA Express are attempting to find a buyer for the airline, claiming that they are engaging with six or seven parties which have expressed interest in the company. Their effort follows court approval on 15 June to extend their powers, in order to ...
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NewsAir New Zealand flags $77 million full-year underlying loss
Air New Zealand expects to report an underlying loss of up to NZ$120 million ($77 million) for the financial year (FY) ending 30 June. “The New Zealand government’s recent move to Alert Level 1 has enabled the airline to slowly restart the domestic network, however revenue and earnings are significantly ...
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NewsGovernment unsure over SAA plan as opposition demand carrier’s liquidation
South Africa’s government has expressed doubts as to whether the long-awaited business rescue plan for South African Airways will meet its expectations for creating a viable and sustainable national carrier. Publication of the plan has also drawn condemnation from the opposition Democratic Alliance party, which says the strategy relies on ...
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NewsChinese carriers slash Beijing flights after coronavirus spike
Chinese carriers have begun suspending flights to and from Beijing, following a rise in a number of new coronavirus cases in the Chinese capital. Among carriers suspending flights in and out of the city is Beijing-based Air China, which in a 17 June notice indicated “large-scale” cancellations. As ...
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NewsUSA eases ban on Chinese carriers
The US Department of Transport (DOT) has backed down from an earlier ban on Chinese carriers, allowing them to fly up to four weekly flights between Mainland China and the USA. The move comes after the Civil Aviation Administration of China (CAAC) eased international flight restrictions further on 8 ...
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NewsIcelandair rejigs restructuring timeline as crucial talks continue
Icelandair Group has pushed back by two weeks a provisional deadline for reaching restructuring agreements with various partners, forcing it to revise the timeline for a planned share offering. It has notably yet to reach a deal with cabin crew representatives, and the company is expressing “concern” that no “significant ...