News from FlightGlobal – Page 417
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NewsGaruda Indonesia negotiates with lessors for return of up to 50 jets
Garuda Indonesia has shed more light on its operating circumstances, including on the skeletal fleet it is operating amid the coronavirus pandemic, as well as measures taken to cut costs.
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NewsAirAsia’s first dedicated freighters to begin operations in Q3
AirAsia will operate its first dedicated cargo aircraft — a Boeing 737-800 freighter — in the third quarter of the year, as the low-cost giant doubles down on expanding in the region’s fledgling cargo market.
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NewsDomestic Covid-19 resurgence to push Rex to full-year loss
Australia’s Regional Express has revised its full-year earnings forecast — from breaking even to a pre-tax loss — as a resurgence in coronavirus cases has forced a significant number of flight cancellations.
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NewsGol acquires regional operator MAP for R$28 million
Brazilian low-cost carrier Gol will acquire compatriot and regional operator MAP Linhas Aéreas, in a R$28 million ($5.56 million) deal that will give Gol a boost in its domestic network.
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NewsAirlines to resume Phuket services from July
Airlines are re-establishing direct flights to Phuket from July as the Thai government pushes ahead with a pilot scheme to reopen the island destination to vaccinated international tourists.
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NewsUS lifts 'do not travel' warning for Canada, Mexico, much of Europe
The US State Department has lowered its risk profile for travel to Canada and Mexico, just as Canada also considers easing some of its own strict restrictions for travellers who have been vaccinated against the coronavirus.
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NewsApril air cargo demand up 12% from pre-crisis level: IATA
Global air cargo demand in April was up 12% from pre-crisis levels, according to IATA, as the sector continues to offer a rare positive airline story during the Covid-19 crisis.
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NewsSouthwest orders 34 more 737 Max 7s
Southwest Airlines has ordered another 34 Boeing 737 Max 7s, bringing its total Max 7 orders to 234 jets in a move the company says reflects an improving financial outlook.
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NewsEuropean flights reach highest level since September
The number of flights taking place in Europe has reached its highest level since the end of the summer 2020 season, as the continent’s travel markets begin to reopen.
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NewsSpanish operator World2Fly receives first of two A350s
Spanish long-haul start-up carrier World2Fly has taken delivery of its first Airbus A350-900, through US-based lessor Air Lease. The aircraft (EC-NOI) is the first of two A350s which Air Lease will hand over to the carrier. World2Fly is based in Palma de Mallorca and was established last year. “We aspire ...
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NewsRestructuring ‘deemed necessary’ to help Hong Kong Airlines stay afloat
Embattled Hong Kong Airlines (HKA) has hinted at restructuring into a “leaner and more efficient” carrier, as the coronavirus pandemic worsens its shaky financial situation.
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NewsCathay gets one-year drawdown extension for $1bn loan facility
The Hong Kong government has agreed to extend the drawdown period of a HK$7.8 billion ($1 billion) loan facility for Cathay Pacific Airways by 12 months.
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NewsIndiGo chief strikes confident tone despite huge losses
Indian low-cost carrier IndiGo is optimistic that passenger levels will return to where they were in February by the end of 2021.
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NewsLufthansa A350 agreement gives Airbus first airline long-haul order this year
Lufthansa’s agreement for five Airbus A350-900s has given the airframer its first long-haul order from an airline this year, although it only increases the German carrier’s firm A350 commitment by two. Airbus’s latest backlog data shows that the airline’s overall A350 order has increased only from 43 to 45 aircraft, ...
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NewsPandemic shaves $10 billion off African airlines’ revenue: AFRAA
African carriers lost $10.2 billion in passenger revenues last year as a result of the Covid-19 pandemic, and will continue to lose money in 2021, according to a report published by airline association AFRAA.
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NewsAirline CEOs call for reopening of UK-USA travel corridor
The chief executives of the US and UK airlines that offer passenger services between the two countries have joined forces to call for the reopening of transatlantic travel.
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NewsBoost premium economy to offset business-travel decline: HSBC
Europe’s legacy carriers should respond to a reduction in long-haul business class revenues by slashing first class and expanding premium economy, in order to maintain their margins in the post-pandemic era, HSBC has suggested.
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NewsMalaysia’s air traffic slump to continue into next quarter
Malaysia’s air traffic is expected to remain at current low levels for at least the next three months, amid countrywide movement restrictions in place until mid-June.
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NewsCoronavirus hammers IndiGo earnings in 2021
Indian low-cost carrier IndiGo slumped to an operating loss of INR4.6 billion ($63 million) for its 2021 financial year, compared with an operating profit of INR56 billion a year earlier.
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NewsLessors seeking detail of AirAsia and AAX fundraisings
The restructurings of long-haul low-cost carrier AirAsia X and its short-haul cousin AirAsia are making progress, but lessors have doubts about the carriers’ ability to secure the fresh funds they need to make new business plans work.