Latest Airlines news – Page 258
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NewsWizz Air to slow fleet modernisation over next three years
Central European budget carrier Wizz Air has revealed a revised fleet plan which will not realign with its previous expansion forecast until the 2023-24 financial year. Wizz Air states that it expects to have 131 aircraft in its fleet by the end of 2020-21. This is seven fewer than the ...
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NewsIndiGo to rapidly replace A320ceo fleet to save costs
IndiGo plans to swiftly replace its Airbus A320ceo fleet with more cost-efficient A320neos, the Indian budget carrier’s chief financial officer has revealed. “We value the efficiency and structural low costs associated with our new Neo aircraft, and thus we will continue to substitute them for the older Ceo aircraft as ...
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NewsDe Juniac sees ICAO guidelines providing ‘safe process’ for air travel
IATA director general Alexandre de Juniac believes the new guidelines developed by an ICAO task force strikes “the right compromise” between airline economic concerns and the safe restart of passenger traffic.
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NewsCovid-19 pushes IndiGo to fourth-quarter net loss
Indian low-cost carrier IndiGo slipped to a net loss of Rs8.7 billion ($116 million) in its fiscal fourth quarter, from a near-Rs6 billion net profit a year ago, as Covid-19 flight restrictions “significantly impacted” revenue.
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NewsICAO task force outlines guidelines for restarting air travel
An ICAO task force has published its recommendations to aid the restart of international air transport following its virtual grounding from the coronavirus pandemic. ICAO’s Aviation Recovery Task Force drew up the guidelines after consulting with countries, regional organisations, the World Health Organisation and aviation industry groups. The task force’s ...
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NewsSouth African carriers urge system stress-test to speed recovery
South African carriers are urging the government to stress-test the early restoration of domestic air services, to quicken the introduction of an expanded route network. Operators have been forced to suspend services after South Africa entered a national lockdown on 26 March. The government’s coronavirus response plan entered a new ...
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NewsLufthansa Group urges shareholder support for aid package
Lufthansa Group’s supervisory board has given its approval to stabilisation measures offered by the German federal WSF fund, accepting the conditions attached by the European Commission. The company is formally recommending that shareholders similarly approve the measures during an extraordinary general meeting set for 25 June. “It was a very ...
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NewsSAA draft rescue plan signals termination of half its fleet leases
South African Airways’ rescuers are terminating leases on nearly half the airline’s 40 leased aircraft, while those on another 15 have been undergoing renegotiation. The carrier had a fleet of 49 jets when it entered the business rescue process on 5 December last year, including nine A340-300s and -600s that ...
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NewsClark to continue Emirates involvement as retirement looms
Emirates Airline president Tim Clark is due to step down this month and with no successor yet publically identified, he confirms his involvement with the airline will continue.
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NewsEmirates’ Clark expecting tough 2020 then slow near-term recovery
Industry will have to “tough it out” for the remainder of this year as it reels from the coronavirus pandemic, but Clark is optimistic that business will begin to improve gradually during 2021.
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NewsDraft plan indicates restructured SAA would lose R20bn in first three years
Preliminary projections for a restructured South African Airways indicate the carrier would lose close to R20 billion ($1.1 billion) over the first three years, before it started turning a profit. The operation would have a fleet of 40 aircraft, according to a draft business plan obtained by the country’s political ...
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NewsJet2 parent to focus on airline after selling logistics business
UK budget carrier Jet2’s parent, Dart Group, has sold its sister logistics business to investor Culina Group. The divestment of Fowler Welch, for a gross cash consideration of £98 million, leaves Dart Group able to concentrate exclusively on the leisure airline operation. Jet2 is based at Leeds Bradford airport and ...
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NewsHong Kong airport gradually reopens to transit passengers
Hong Kong International Airport (HKIA) has, from today, resumed allowing some transit passengers to use the airport. “From 1 June 2020 until further notice, only transit/transfer passengers who have been checked through at the origin port and take transit/transfer flights operated by the same airline group are accepted at HKIA,” ...
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NewsEmirates concludes that job cuts are required as coronavirus takes toll
Emirates plans to cut an unspecified number of jobs as the coronavirus pandemic takes its toll on the Gulf carrier. The Dubai-based airline said on 31 May that it has come to the conclusion that “we unfortunately have to say goodbye to a few of the wonderful people that worked ...
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NewsCompetition watchdog keeps eye on Qantas’ stake in Alliance
The Australian Competition and Consumer Commission (ACCC) has provided an update on its investigation into Qantas’ acquisition of a 19.9% stake in Alliance Aviation, the parent company of Alliance Airlines, on 1 February 2019. “The Australian aviation industry is in a state of major upheaval and now, more than ever, ...
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NewsBritish Airways boosts two 777s’ cargo capacity
Two of British Airways’ Boeing 777-200s have had their seats and interiors removed to increase their cargo-carrying capacity. One of the jets is today being flown to Beijing in order to collect personal protective equipment, food, medicine, and other cargo. “With demand for passenger travel still very low, working with ...
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NewsDemand for air travel to remain low until 2023: S&P
Airlines face a prolonged uphill climb before air travel demand recovers to pre-pandemic levels, as passenger numbers are likely to remain below last year’s levels until 2023, S&P Global Ratings has suggested in a new report. The ratings agency forecasts a “swoosh-shaped” recovery in which, after plummeting up to 55% ...
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NewsLufthansa board approves revision to financial aid conditions
Lufthansa Group’s executive board has accepted European Commission commitments in order to secure a financial package negotiated with a federal German stabilisation fund. But the supervisory board must still back the commitments, after it previously withheld approval. The company claims the scope of the conditions “has been reduced” compared with ...
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PodcastAirline Business podcast: Carrier challenges in Asia, Europe and Latin America
Two months into widespread lockdowns, Graham is joined by FlightGlobal reporters to look at the different challenges facing operators across the regions.
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NewsSAA rescuers request time to consult on government proposals
South African Airways’ rescue practitioners are seeking an extension to the deadline for publishing a business plan for the troubled flag-carrier. Under South African legislation a business plan is normally required within 25 days of a company entering business rescue, but extensions can be granted if necessary. SAA, however, has ...