News from FlightGlobal – Page 427
-
NewsSwiss downsizing for smaller market
Lufthansa Group carrier Swiss is to cut its fleet by 15% and its headcount by a fifth as it attempts to right-size itself to serve what it perceives will be a permanently smaller customer base.
-
NewsAir France-KLM eyes positive returns this summer
Air France-KLM executives believe the group could return to cash-positive operations over the summer if the vaccine rollout delivers the hoped-for recovery in travel demand.
-
NewsEl Al scraps 737-800 sale-and-leaseback plan
Israeli flag-carrier El Al has dropped plans to enter a sale-and-leaseback transaction for three Boeing 737-800s with an undisclosed foreign company. El Al had stated in April last year that it signed a memorandum of understanding covering the deal for the three aircraft, all manufactured in 2009. The airline has ...
-
NewsIrish lessor GTLK Europe to take A321 converted freighters
Irish-based lessor GTLK Europe is to acquire four Airbus A321 converted freighters, induction for which will commence this year. The aircraft will undergo modification by the EFW joint venture which is run by ST Engineering and Airbus. GTLK Europe is affiliated with the Russian state leasing company GTLK, based in ...
-
NewsIndia domestic travel collapses amid Covid-19 crisis
India’s coronavirus crisis has seen daily departures drop below 100,000, with numerous countries suspending virtually all travel from the South Asian country.
-
NewsAir France-KLM ponders equity moves as first-quarter loss widens
Air France-KLM is considering further equity measures to strengthen its balance sheet after first-quarter operating losses deepened to €1.18 billion ($1.42 billion). Group revenues of €2.2 billion for the three months ending March 2021 were down 55% on the same period last year, during which the pandemic impact was just ...
-
NewsAustralian watchdog against proposed Qantas, JAL joint venture
The Australian Competition & Consumer Commission (ACCC) has come out in opposition of a proposed joint venture between Qantas Airways and Japan Airlines (JAL).
-
NewsAtlas posts $90m profit as cargo business soars
Atlas Air Worldwide Holdings continues to profit from higher freight demand during the global health crisis, as long-haul passenger flights - and the belly cargo that is transported in them - are still far from pre-pandemic levels.
-
NewsRyanair and Wizz traffic well below pre-crisis levels despite April improvement
Ryanair and Wizz Air carried slightly more passengers in April than in March though traffic remains vastly down on pre-crisis levels as travel restrictions across Europe continue. The low-cost operators are the first airlines in Europe to disclose traffic data for April. Ryanair carried 1 million passengers in April 2021, ...
-
NewsSATA state support approved but probe continues into earlier measures
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended. European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for ...
-
NewsMalaysia Airlines has option to extend lease deferrals into 2022
Malaysia Airlines has the option of extending lease rental deferrals into 2022 if the market for air travel does not recover quickly enough.
-
NewsAllegiant ‘bullish’ about summer travel, after turning small profit
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, turned a slim profit in the first three months of the year as the company prepares for a busy summer with a “bullish” outlook.
-
NewsDomestic and cargo pick-up in March fail to offset international traffic gloom
A strong recovery in the large Chinese domestic market was the key driver for an improved global passenger traffic performance in March, though RPKs still remain two-thirds below pre-crisis levels.
-
NewsTurkish Airlines heavily reduces first-quarter losses
Turkish Airlines managed to contain first-quarter operating losses to $72 million, a substantial improvement on the $300 million loss for the same period last year. The airline even generated a $61 million net profit for the first three months. Turkish Airlines’ revenues for the quarter remained down by 29% at ...
-
NewsMajor airlift underway to help India fight Covid-19
Air forces and airlines are conducting a major airlift operation to bring urgently needed medical supplies to India amid the South Asian nation’s coronavirus crisis.
-
NewsEnvironmental impact now part of airline fleet thinking: Udvar-Hazy
While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
-
NewsMalaysia Airlines to phase out A380s ‘in coming months’
Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”.
-
NewsPAL informs lessors of Chapter 11 filing deadline: sources
Philippine Airlines has informed its lessors of a plan to file for Chapter 11 bankruptcy protection in the USA by the end of May, three people with knowledge of the matter tell Cirium.
-
NewsAviation and tourism groups appeal for US-UK travel corridor
US airlines have joined almost 50 other aviation and travel organisations, appealing to the governments of the USA and UK to open up a travel corridor between the two countries “as soon as safely possible”.
-
NewsLufthansa orders five A350s and five 787s
Lufthansa Group has ordered more Airbus and Boeing widebodies as it continues modernising its fleet, with the goal of reducing fuel consumption, complexity and cost.