News from FlightGlobal – Page 477
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NewsNorwegian files for formal restructuring in Norway
Cash-strapped low-cost carrier Norwegian has filed for financial restructuring under Norwegian law in parallel to a similar process already under way in Ireland. Norwegian initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets, under an Irish examinership process, on 18 November. ...
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NewsMore airline failures ahead as complacency sets in: Al Baker
Qatar Airways group chief Akbar Al Baker predicts more airline failures are in the horizon, as carriers get complacent about recovery prospects.
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NewsGol to resume 737 Max operations on 9 December
Brazilian low-cost carrier Gol will resume flying the Boeing 737 Max aircraft from 9 December, making it the first airline in the world to do so, following the type’s 20-month grounding worldwide.
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NewsIATA, pilots’ union protest onerous Covid-19 testing for crews
IATA and the International Federation of Air Line Pilots’ Associations (IFALPA) have protested some countries’ practice of imposing Covid-19 test regimes intended for passengers on flight crew.
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NewsMontana to succeed Weir as American Airlines’ treasurer
American Airlines’ former assistant treasurer Meghan Montana has succeeded Tom Weir as vice-president and treasurer, the Fort Worth, Texas-based airline says.
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NewsLiquidity still US carriers’ focus despite vaccine news
US airline executives’ attempts during their third-quarter earnings calls to shift the narrative from liquidity levels to visions of a cash-positive recovery had an air of wishful thinking. Such visions have since become slightly more grounded in reality: Pfizer and Moderna in November announced efficacy rates above 90% for their ...
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NewsRyanair’s competitors are ‘squatting on slots’: O’Leary
Ryanair Group chief executive Michael O’Leary believes that Europe’s legacy carriers will seek to undermine competition and push up fares by holding on to their unused slots into summer 2021 and even 2022. Speaking to air traffic manager Eurocontrol for its Aviation HardTalk webcast series, the outspoken airline chief warned ...
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NewsEasyJet promotes Dekkers after chief commercial officer resigns
EasyJet has promoted Sophie Dekkers as it new chief commercial officer following the resignation of Rebert Carey with immediate effect.
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NewsCargo recovery continues amid capacity crunch: IATA
Air freight demand continued its recovery in October, IATA figures show, as global cargo tonne-kilometres expanded 4.1% month on month. As a result, global demand as measured by CTKs was just 6.2% below the same month last year, after a 7.8% drop in September. Source: KLM Capacity, ...
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NewsGulf Air appears to cancel long-dormant A220 order
Middle Eastern carrier Gulf Air appears to have cancelled the 10 Airbus A220-100 it ordered nearly a decade ago. Gulf Air had signed for the aircraft in mid-2011, when it was still known as the Bombardier CSeries, two years before its first flight. But doubts over the delivery have persisted ...
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NewsGol makes second attempt to merge with Smiles loyalty programme
Brazilian low-cost carrier Gol has for the second time proposed merging its Smiles loyalty programme with the airline.
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NewsEmirates receives its first new A380 for 2020
Middle Eastern carrier Emirates has taken delivery of another Airbus A380, the first of three to be introduced by the Dubai-based airline before the end of this year. One of the three aircraft to be delivered will have a configuration which includes Emirates’ premium-economy seating. The latest aircraft (A6-EVL) departed ...
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NewsSIA deepens co-operation with Indian joint venture Vistara
Singapore Airlines and its Indian joint venture Vistara have inked a commercial cooperation framework agreement, widening its existing areas of partnership.
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NewsDanish charter start-up Airseven receives first 737s
Danish operator Copenhagen AirTaxi has taken delivery of a pair of Boeing 737-400s for its new leisure charter airline, which has been branded Airseven. Airseven received the two aircraft on 3 December, with OY-ASA and OY-ASB being delivered to Roskilde airport within about 20min of one another following flights from ...
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NewsJAL 777-200 engine loses panel, suffers blade damage after takeoff
Japanese authorities are investigating a significant engine failure aboard a Japan Airlines Boeing 777-200, which involved the loss of large panel and fan blade damage.
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NewsNorwegian start-up carrier to be branded ‘Flyr’
Entrepreneurs have revealed ‘Flyr’ as the brand name for the new Norwegian airline which aims to commence services in the first half of 2021. The airline is being established by a team including industry specialist Erik Braathen as well as pilots from a number of Scandinavian carriers. Flyr is intended ...
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NewsBGI leads race for Israir as bidders continue to tweak offers
Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee has put ...
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NewsOpportunistic Wizz eyes UK leisure market chance
Wizz Air’s move to launch leisure routes from Cardiff airport next summer marks a further demonstration of how its UK unit is pivoting to take advantage of opportunities that have emerged in the past year.
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NewsUS airlines hike Q4 cash burn estimates
US airlines are warning that exploding coronavirus case counts across the country have sparked a new wave of cancellations which will negatively affect their business in the current quarter, including expectations of higher-than-previously-forecasted cash burn.
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NewsNorwegian tests debt-for-equity appetite again in bid for funding
Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt at market price, and seek approval for a NKr4 billion ...