News from FlightGlobal – Page 478
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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 ...
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NewsRyanair cements Italian presence with Venice Treviso base
Low-cost carrier Ryanair is to open a base at Venice Treviso airport in March, the airline’s 15th in Italy. Ryanair will base two aircraft there from 30 March, adding 18 new routes from the airport in the process. That will take to 45 the number of services it will operate ...
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NewsJoint bidders interrupt Israir sale with late acquisition offer
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. Their submitted ...
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NewsAlliance Aviation expects better H2 earnings on charter ops
Alliance Aviation expects to report a A$26 million ($19 million) underlying profit before tax for the July to December period, attributing it to robust contract and charter operations in the resource sector. This compares with A$15.5 million in the year-ago period, while approximately A$7.5 million in government grants under the ...
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NewsSouthwest warns 6,828 employees of impending job losses
Southwest Airlines has warned 6,828 employees that their jobs may be at risk, the first large-scale involuntary furlough scheme at the company since the beginning of the coronavirus crisis.
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NewsRyanair follow-on Boeing 737 Max order to drive return to growth
Ryanair expects to have around 80 Boeing 737 Max 8-200s in its fleet for summer 2022, enabling the carrier to return to growth following the heavy drop in traffic resulting from the global pandemic. The European low-cost carrier today placed another eye-catching Boeing order, becoming the first airline to sign ...
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NewsDelta introduces contact tracing for international travellers
Delta Air Lines is the first major US carrier to introduce contact tracing for passengers arriving from overseas.
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NewsDelta wins Decade of Airline Excellence Award for North America region
Recipient of the Decade of Airline Excellence Award for the North America region, sponsored by Pratt & Whitney, and the overall winner.
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NewsGulf Air to open Tel Aviv link and explore El Al codeshare
Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum of ...
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NewsRyanair orders 75 more Boeing 737 Max jets
European low-cost carrier Ryanair has ordered 75 more Boeing 737 Max aircraft, lifting its firm commitments to the type to 210.
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NewsEl Al persuades ministry to advance security expenses
Israeli flag-carrier El Al has been granted a degree of financial relief after the government agreed to provide advance payment to the airline for expenditure on security services. El Al says the ministry of finance has agreed to the request for advance payment of $15 million for security expenses over ...
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NewsGulf Air and IAI seal maintenance pact after Bahrain-Israel tie-up
Normalisation of diplomatic relations between Bahrain and Israel has led to a new maintenance agreement under which Gulf Air aircraft will undergo line maintenance from Israel Aerospace Industries. IAI states that its Aviation Group will offer a “comprehensive technical response” to all Gulf Air aircraft landing at Tel Aviv’s Ben ...
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NewsSAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up to ...
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NewsSAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a couple ...
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NewsRyanair wins Decade of Airline Excellence Award for Europe region
Recipient of the Decade of Airline Excellence Award for the Europe region, sponsored by Cirium.
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NewsWill crisis prompt airlines to bite the bullet on what they charge for?
As Lufthansa ends free meals on short-haul flights and EasyJet cuts cabin bag allowance, will more airlines follow in trimming what passengers get for their basic fare?
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NewsExtensive restructuring takes effect in western Russian airspace
Russian air navigation services have completed a transition to a new airspace structure in the Moscow zone, an extensive re-organisation which affects much of the European area of the country. The switch to the new structure took place at 03:00 Moscow time on 3 December. Federal air transport regulator Rosaviatsia ...
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NewsWizz adds to UK operations with Cardiff base
Wizz Air is further expanding its UK footprint by opening a base at Cardiff airport from which it will initially operate seven routes this summer. The base, operated by its British subsidiary Wizz Air UK, is its fourth in the UK. Alongside its established operation at London Luton, Wizz has ...
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NewsSAS expects further losses for 2020-21
Scandinavian operator SAS expects losses to persist through the full-year 2020-21, but insists its recapitalisation will prepare the airline for the winter season and the continuing disruption from the air transport crisis. SAS chief executive Rickard Gustafson says the winter will be “tough” while the new fiscal year will be ...
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NewsQantas flags A$11 billion full-year revenue hit amid optimism about recovery
Qantas Group anticipates an A$11 billion ($8.1 billion) revenue drop for the year ending June 2021, but remains optimistic about recovery prospects amid a “vast improvement in trading conditions” in recent months.