News from FlightGlobal – Page 453
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NewsCebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...
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NewsAeromexico sees ‘encouraging signs’ for 2021
Despite significant 2020 losses and an ongoing bankruptcy proceeding, Grupo Aeromexico, the parent of Aeromexico, sees “encouraging signs of recovery”.
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NewsRegional business air market has changed for good: Loganair chief
Many companies will simply not go back to traveling the way they did before the pandemic, believes Jonathan Hinkles
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NewsFrench and Swedish state aid to airlines not discriminatory: European court
European court judges have thrown out a case against the state aid granted to French and Scandinavian carriers, which had been brought by budget airline Ryanair. Ryanair had alleged infringement of non-discrimination principles as well as the obligation to weigh the benefits of the aid against its adverse effect on ...
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NewsLufthansa in talks for smaller types after A380 and 747 withdrawal: Spohr
Lufthansa Group is holding talks with Airbus and Boeing to bring smaller aircraft into the fleet in place of the larger types the company is withdrawing as a consequence of the air transport crisis. Chief executive Carsten Spohr told a German symposium, hosted by the London School of Economics on ...
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NewsTUI’s Belgian carrier puts 737 Max back into operation
Leisure company TUI Group has started re-introducing the Boeing 737 Max to service, with its Belgian carrier TUIfly conducting flights to Malaga and Alicante. The initial aircraft (OO-MAX), a 737 Max 8, departed Brussels shortly before 09:45 on 17 February. “At the moment we have a very small programme in ...
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NewsJetBlue pilots reject union support for American codeshare
JetBlue Airways pilots represented by the Air Line Pilots Association, International (ALPA) union voted to reject a tentative agreement to give the carrier contractual relief for its codeshare with American Airlines, seeking more job security as the airline partnership nears completion.
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NewsAsiana Airlines narrows loss in 2020 despite Covid-19
Asiana Airlines narrowed its full-year loss in 2020 and managed to rebound to profitability in the fourth quarter, despite the ongoing impact of the coronavirus pandemic.
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NewsQantas, China Eastern partnership extended to 2023
Australia’s competition watchdog has allowed Qantas and China Eastern Airlines to extend their strategic partnership until 31 March 2023, pointing out that the alliance will help both carriers navigate a post-pandemic demand recovery.
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NewsIndiGo eyes opportunities on Indian regional routes
IndiGo chief executive Ronojoy Dutta expects significant growth to come from India’s smaller cities and regional towns.
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NewsAt 6% of flights, long-haul services emit 51% of CO2: Eurocontrol
Long-haul services departing European airports accounted for more than half the CO2 emissions from all operations in 2020, despite making up just 6% of flights, according to Eurocontrol data.
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NewsTransat-Air Canada deal in limbo
The planned acquisition of Transat AT by Air Canada continues to be in limbo after the terms of the deal expired on 15 February without the necessary approvals in place to complete the transaction.
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NewsASL orders 10 more 737-800 converted freighters
Irish airline group ASL Aviation Holdings has ordered another 10 737-800 Boeing Converted Freighters (BCFs), bringing to 21 the number of those jets it intends to acquire. The orders are conversions of previously held options. ASL, based near Dublin, took those options alongside a firm order for 10 737-800BCFs that ...
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsSAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM Leap-1A ...
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.
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NewsPipistrel nears launch of new hydrogen-powered 19-seater
Slovenia’s Pipistrel Aircraft, best known for its range of lightweight two-seaters, is nearing the launch of a new hydrogen fuel-cell- and battery-powered 19-seat hybrid that it hopes will revolutionise the commuter-category segment.
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NewsGrounded Jet Airways reports $391 million FY2019-20 loss
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss of Rs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020.
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NewsPassengers down 70% at Dubai International last year
Dubai International’s passenger numbers collapsed in 2020, but the airport operator is reporting “positive strides” in the second half of the year.