News from FlightGlobal – Page 475
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NewsUral unveils crisis-driven losses for first nine months
Ural Airlines has revealed a pre-tax loss of RB4.5 billion ($61 million) for the first nine months of the year, as Russian air transport embarks on its recovery from the pandemic crisis. The figure, to 30 September, contrasts sharply with the previous year’s Rb3.4 billion profit for the same period. ...
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NewsSingapore to allow business travel with movement restrictions
Singapore will allow short-term business travel without quarantine, starting January, but with strict restrictions on travellers’ movements.
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NewsLessor DAE delivers 737 Max 8 to American Airlines
Lessor Dubai Aerospace Enterprise (DAE) has delivered a Boeing 737 Max 8 to American Airlines, the first of 18 737 Max 8s acquired under a sale & leaseback (SLB) deal. DAE adds that the SLB for the 18 aircraft took place during the third quarter, with the delivery of the ...
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NewsTransat warns of ability to remain ‘going concern’, eyes Air Canada lifeline
Transat AT, owner of Canadian leisure carrier Air Transat, has warned investors about its ability to remain in business “as a going concern” if a planned acquisition by Air Canada falls through.
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NewsFAA clears pilots to receive Pfizer vaccine
The Federal Aviation Administration is allowing pilots to receive Pfizer’s Covid-19 vaccine, so long as they wait 48h before returning to the cockpit.
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NewsCroatia Airlines to receive Kn600m through capital injection and loan
Participants in a Croatia Airlines extraordinary assembly have approved an increase in the airline’s share capital through the issue of new shares to the Croatian government. The decision was made during the assembly on 14 December. Under the measure 35 million ordinary shares will be issued, with a nominal value ...
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NewsAirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 million). ...
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NewsCorsair secures state aid as Intro and TUI sell stakes
The Europe Commission has approved €136.9 million ($166 million) in state aid for French leisure carrier Corsair.
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NewsVirgin Atlantic cancels launch of Delhi and Mumbai flights from Manchester
Virgin Atlantic has cancelled the launch of services between Manchester airport and the Indian cities of Delhi and Mumbai. “We are continuously reviewing our flying programme and in response to the ongoing impact of Covid-19 we have made the difficult decision to withdraw our Manchester to Delhi and Mumbai services, ...
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NewsAzores’ SATA faces extensive restructuring as financial aid ruled illegal
Azorean carrier SATA Air Acores is facing the prospect of substantial restructuring after European regulators declared that a previous government’s capital injections to the company amounted to illegal state aid. The Portuguese archipelago’s secretary for finance, Joaquim Bastos e Silva, has disclosed during a legislative assembly that nearly €73 million ...
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NewsProbe traces ATR terrain alert to wrong airport's weather data
Canadian investigators have traced an unexpected ground-proximity warning on a domestically-operated ATR 42-300 to an altimeter setting error triggered by an incorrect weather-data transmission. The First Air aircraft (C-GSRR) had been operating a service from Iqaluit to Pangnirtung on 9 December, according to Transportation Safety Board of Canada. While en ...
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NewsHSBC sees vaccine supporting Asia-Pacific air freight rates
HSBC expects vaccine distribution to support cargo rates at Asia-Pacific carriers in 2021, with Cathay Pacific, China Airlines, Korean Air, and China’s ‘big three’ to be the main beneficiaries.
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NewsAustralia, New Zealand to have another go at travel bubble
New Zealand and Australia could announce a travel bubble in early 2021, but plans are tempered by fears of a possible Covid-19 resurgence.
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NewsUS passenger airlines’ employment dips to lowest level in at least 30 years
Scheduled US passenger airlines cut almost 37,000 jobs in the one-month period ending mid-October, bringing that sector’s employment to the lowest level in at least 30 years, US government data shows.
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NewsPortuguese government outlines fleet and job cuts to restructure TAP
Portugal’s government has indicated that a restructuring of flag-carrier TAP should involve a reduction of fleet capacity, and the cutting of 2,000 personnel. The carrier group has over 100 aircraft, including its regional division Portugalia, but the Portuguese infrastructure minister Pedro Nuno Santos, speaking during a briefing on the restructuring, ...
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NewsVirgin Atlantic’s last 747-400 set to be recruited as troopship
UK long-haul airline Virgin Atlantic Airways is preparing to withdraw its final Boeing 747-400, which is set to be transformed into a US-operated troop carrier. The aircraft (G-VROY), parked at the airline’s London Heathrow maintenance hangar, has undergone an acceptance check by its lessor. FlightGlobal understands that the aircraft is ...
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NewsHeathrow to keep Terminal 4 shut until end of 2021 as traffic slumps
London Heathrow airport is to keep Terminal 4 non-operational until the end of next year as a recovery in air traffic continues to falter. Passenger numbers fell by 88% in November at Europe’s biggest hub over the previous year as it handled just 747,000 passengers. Source: Heathrow airport ...
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NewsJAL to offer Covid-19 coverage for international passengers
Japan Airlines (JAL) plans to offer coronavirus coverage for its international passengers. The coverage is backed by Allianz Travel, and covers up to €150,000 in medical costs, including the initial testing fee, as well as treatment costs if a passenger tests positive during their journey, says JAL. Source: ...
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NewsPAL mulls court protection to aid with restructuring
Philippine Airlines’ (PAL) lessors are bracing for a potential court protection filing by the flag carrier as part of its restructuring amid the Covid-19 pandemic, according to sources close to the process.
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NewsCommission will not offer further contingency on EU airline ownership
No contingency measures will be put forward regarding ownership and control of European Union airlines as part of the preparations for potential absence of a future UK-EU relationship agreement. While the European Commission is taking emergency measures to maintain basic air connectivity and safety standards from 1 January 2021, it ...