News from FlightGlobal – Page 455
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NewsEuropean aviation proposes framework for net-zero CO2 by 2050
Five industry associations have joined forces to propose a plan for European aviation to reach net-zero CO2 emissions by 2050.
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NewsMEPs back plan to ease airport slot rules for summer 2021
Members of the European Parliament have backed proposals to ease slot rules for the forthcoming summer season under which airlines only have to use half their airport slots in order to retain them for the following year.
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NewsEmbattled Air Namibia recalls fleet and ceases operations
Struggling African carrier Air Namibia is cancelling all flights from 11 February, and returning its fleet to its Windhoek base. The cessation of operations for the troubled flag-carrier comes eight months after the Namibian president, Hage Geingob, told the country’s parliament that the airline should be liquidated. Geingob had made ...
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NewsStart-up Flyr plans listing on Norwegian stock exchange
Norwegian start-up Flyr will apply for a listing on the Oslo stock exchange’s Euronext Growth market as it seeks to raise NKr600 million ($70 million) from private equity investors. The airline has already secured NKr165 million from cornerstone investors, giving the airline an initial valuation of NKr750 million. Investors already ...
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NewsParis airports operator works on new plan after Charles de Gaulle expansion scrapped
Paris airports operator Groupe ADP is to work on a new development plan for Charles de Gaulle airport after the French government scrapped its existing Terminal 4 project.
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NewsEmirates chief expects ‘meaningful’ capacity return in Q4
The impact of Covid-19 variants on government-imposed travel restrictions is likely to delay a “meaningful” restart of international travel until the fourth quarter of this year, in the view of Emirates president Tim Clark.
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NewsCopa Q4 loss is $169m, as it operated 27% of capacity
Panama’s Copa Airlines posted a fourth quarter loss of $169 million as it was only able to operate 27% of the capacity it had operated in the same quarter a year prior, due to coronavirus-related travel restrictions.
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NewsATR gear door hit wing root after in-flight separation
French investigators have determined that a Hop ATR 42-500 sustained serious damage after a lost nut caused a main landing-gear door to separate during descent to Aurillac. The turboprop (F-GPYF) had departed Paris Orly on 25 March 2018, with 48 passengers and three crew members. As it descended through 18,000ft ...
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NewsUS government considers third aid package for airlines
The US government is considering a further $15 billion in payroll support for aviation workers as the industry hopes for recovery this year.
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NewsLessor NAC stands firm as minister hints at Garuda CRJ1000 axe
Leasing firm Nordic Aviation Capital is acknowledging negotiations with Garuda Indonesia with regards to Bombardier CRJ1000s it supplied to the flag-carrier, as a result of pandemic-related financial pressures on the airline. But it is insisting that it will hold Garuda to its obligations, after an Indonesian minister stated that he ...
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NewsAir travel could fully recover by late 2022: analyst
A leading aerospace analyst is predicting that airline passenger traffic will return to 2019 levels by the end of 2022 – one to two years sooner than predicted by others.
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NewsDAE chief hails ‘terrific’ year despite Covid-19
Aircraft lessor and MRO provider Dubai Aerospace Enterprise enjoyed a “home-run year” in 2020, chief executive Firoz Tarapore has asserted, as its diversified customer base and strong liquidity position softened the impact of the pandemic.
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NewsArcher to go public as United partners with view to 200-strong eVTOL order
Palo Alto-based air taxi developer Archer has secured a $1 billion aircraft commitment from United Airlines and unveiled a plan to become a publicly traded company worth $3.8 billion.
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NewsAir Arabia limits full-year loss with profitable final quarter
Air Arabia has managed to achieve a second profitable quarter for 2020, enabling it to contain its full-year net loss to Dhs192 million ($52 million). It turned in a fourth-quarter surplus of Dhs20 million, despite a 53% reduction in revenues, having also been profitable in the first. While the fourth-quarter ...
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NewsPre-Covid hub and fleet plans still hold up: Emirates chief
Emirates Airline will bounce back strongly from the Covid-19 crisis without any fundamental changes to its business model, according to the operator’s president Tim Clark, with its mix of widebody aircraft enabling it to take advantage of likely supply-side shortages in the coming years.
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NewsSubtle thrust-lever shift may have caught out Sriwijaya 737 crash crew
Preliminary findings from the Sriwijaya Boeing 737-500 crash probe increasingly support an in-flight upset scenario in which the crew was suddenly caught out by the insidious development of an asymmetric thrust condition. No conclusions have been drawn over the 9 January accident. But the highly-unusual retardation of a single throttle ...
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NewsVirgin Atlantic expects early-summer passenger demand recovery
UK carrier Virgin Atlantic has written off the normally busy Easter travel season and now expects a recovery in passenger numbers to begin in May-June, chief executive Shai Weiss has indicated. Noting that he has been forced to repeatedly push back his expectations for a recovery in travel demand, Weiss ...
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NewsIATA health passport app to roll out with 20 airlines
Carriers back app which allows passengers to store and share Covid-19 vaccine and test records, and could be key to reopening international travel
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NewsEthiopian Airlines may resume 737 Max operations in July
African carrier Ethiopian Airlines is satisfied with modifications made to the flight-control system of the Beoing 737 Max and may bring the type back into service in the upcoming summer season, according to the carrier’s chief executive Tewolde Gebremariam.
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NewsMesa defers revenue from mainlines amid $27m first-quarter profit
The parent company of Mesa Airlines reported an operating profit of $27 million during its first quarter of 2021 as it plans to continue to allow its mainline customers to defer payments to aid their recovery during the ongoing coronavirus pandemic. The Phoenix-based regional carrier’s operating profit was roughly flat ...