Latest Airlines news – Page 273
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NewsWizz Air applies for AOC for new Abu Dhabi carrier
Central European budget carrier Wizz Air has reached a firm agreement to establish a new operator in Abu Dhabi, which will commence services in autumn this year. The airline is tying up with Abu Dhabi Developmental Holding Company to set up the Middle Eastern operation. It states that it has ...
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NewsEl Al predicts deeper financial impact from coronavirus
Israeli flag-carrier El Al is looking to take cost-saving measures after predicting a deepening financial impact on its operations from the coronavirus outbreak. El Al is forecasting a $50-70 million cut in its revenues for the first four months of this year, January-April. This includes a reduction of $40-50 million ...
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NewsSAA's 'complex' rescue plan pushed back to end-March
South African Airways’ restructuring plan has been pushed back to the end of March, as the airline’s business rescue practitioners seek further time to address the complexity of the effort. The practitioners have informed that the extension of the deadline to publish the plan – from 28 February to 31 ...
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NewsFinnair seeks savings as it rapidly rethinks coronavirus impact
Finnair is taking a more pessimistic view of the potential impact from the coronavirus outbreak, expecting it to result in significantly lower operating profits for the first half. It is looking to trim costs by €40-50 million ($44-55 million) to cope with the threat to its revenue streams, and is ...
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NewsJakarta mulls debt restructuring for Garuda
Indonesia is looking to restructuring Garuda Indonesia’s debts as the maturity of one of its bonds, with a face value of $500 million, draws close. “Garuda at this point of time is under extraordinary pressure as [some of its] debt are maturing. And we will be sure to restructure [the ...
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NewsSAS flags engine concerns as it looks to pick new regional fleet type
SAS is concerned about the powerplant reliability issues as it prepares to select an aircraft type on which to base a future regional operation. The Scandinavian carrier has indicated that the Airbus A220 and Embraer E2 family are the candidates under consideration. But both are powered by versions of the ...
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NewsCargoLogicAir suspends operations as Chinese situation bites
UK freighter operator CargoLogicAir has confirmed to FlightGlobal sister publication Air Cargo News that it has suspended operations as its exposure to China takes its toll. In a short statement, the Boeing 747 carrier – and the UK’s only maindeck freighter operator – said that “due to the latest market ...
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NewsVirgin Australia pursues lower cost base amid interim loss
Virgin Australia is targeting annualised savings of A$125 million ($82.2 million), having slipped into a A$97 million net loss for the half-year period ended 31 December 2019. The net loss contrasts with a A$55 million net profit in the year-ago period, and the latest figures were subject to a more ...
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NewsChina Eastern launches new carrier with C919s and ARJ21s
China Eastern Airlines has unveiled its new subsidiary, OTT Airlines, which will mainly operate Chinese-made aircraft, including Comac’s ARJ21 regional jet, and the C919 narrowbody. OTT, which is wholly-owned by China Eastern, will be based at Shanghai Hongqiao Airport, and will primarily serve the Yangtze River Delta region and other ...
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NewsKorean Air flight attendant tests positive for coronavirus
A Korean Air flight attendant has emerged as the first instance of a cabin crew member testing positive for the coronavirus since it first broke out of the Wuhan city epicentre in January. Citing information from the Korea Centers for Disease Control and Prevention (KCDC), the carrier states that the ...
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NewsAtlas 2020 outlook hinges on coronavirus
As the end of 2019 approached, the air cargo sector was hopeful that easing trade tensions between the USA and China could allow a slight recovery for air freight demand between two of the world’s largest economies. Those hopes have been dashed as the coronavirus outbreak has brought the Chinese ...
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NewsMajor European airline stocks drop on coronavirus concerns
Share prices in the three main European alliance carriers have fallen sharply in early trading, apparently in response to increasing concerns over the international spread of the coronavirus. While major European stock indices – including those in Germany, France, the Benelux states and the UK – slipped by around 3-4% ...
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NewsGol Q4 profit falls as Max crisis lingers
Brazil’s Gol continues to suffer from the fallout of the grounding of its seven Boeing 737 Max aircraft, reporting fourth quarter net income that was almost half of that reported for the same period in 2018.
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NewsAir France-KLM studies fleet options if coronavirus impact lasts
Air France-KLM is considering how it could redeploy summer capacity to other markets where demand is stronger in the event of an extended coronavirus impact on its Chinese and broader Asian networks.
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In depthSurvey reveals high levels of stress and job dissatisfaction among airline pilots
What do commercial flightcrew think about their day-to-day employment, work-life balance and career prospects? An extensive poll by FlightGlobal and Goose Recruitment unearthed some surprising findings
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NewsSingapore extends support for aviation industry amid coronavirus outbreak
Singapore is rolling out a six-month support package for the country’s aviation industry, with an aim of safeguarding Changi Airport’s air connectivity, reducing business costs, and protecting jobs, amid the coronavirus outbreak that has affected airlines worldwide. The S$112 million ($80.5 million) package will comprise rebates on aircraft landing and ...
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NewsFormer chief returns to Scoot for second stint at helm
Campbell Wilson will rejoin Singapore Airlines subsidiary Scoot on 1 April and begin his second stint as chief executive of the low-cost carrier. Wilson – who previously led Scoot between 2012 and 2016 before becoming the group’s executive vice-president of sales and marketing – will succeed Lee Lik Hsin, who ...
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NewsSpiceJet adds Airbus aircraft to fleet
Indian low-cost carrier SpiceJet has introduced two Airbus A320s into its fleet of largely Boeing aircraft. The carrier wet-leased the A320s from Bulgarian carrier BH Air. Source: BH Air Bulgarian charter carrier BH Air has three Airbus A320s in its fleet. SpiceJet adds that it has sought ...
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NewsCoronavirus outbreak dents Chinese majors’ January traffic
China’s three largest airlines began the year with falling traffic, amid the growing spread of the novel coronavirus outbreak in the country and around the world. In traffic figures released for January, Air China, China Eastern Airlines and China Southern Airlines all carried fewer passengers, and recorded drops in passenger ...
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NewsTurkey’s aviation regulator confirms AtlasGlobal suspends flights
Turkey’s directorate general of civil aviation has confirmed that struggling carrier AtlasGlobal has suspended flights and is to file for bankruptcy.