News from FlightGlobal – Page 492
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NewsAircastle’s profit falls to $5.8 million in Q3
Lessor Aircastle has posted a $5.8 million profit for the third quarter ended 30 September, a significant drop on the same quarter last year when the lessor made $43.3 million in profit. Total lease revenue for the three months was down 12.5% to $189 million, while total revenues dropped 18.8% ...
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NewsGA Telesis to remarket China Airlines 747-400s
China Airlines has picked GA Telesis’ aircraft asset management unit to remarket and sell its four remaining Boeing 747-400 aircraft, with deliveries expected as early as the first quarter of 2021. The four 747s (MSNs 33734, 33735, 33736 and 33737) are currently in storage, Cirium fleets data indicates. China ...
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NewsMexico’s Interjet future unclear amid strike, operational halt and reports of near-bankruptcy
Mexico’s low-cost carrier Interjet is on the verge of collapse after the airline cancelled flights over the weekend and a union representing its workers called for a strike to protest unpaid wages, reports say.
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News747 exit boosts sustainability effort: British Airways chief
British Airways’ decision to retire its fleet of Boeing 747s will accelerate the airline’s sustainability efforts, according to recently appointed chief executive Sean Doyle.
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NewsKLM clears path to bailout with union deals
KLM has reached an agreement with the FNV Cabine, FNV Luchtvaart and VNV unions – representing flight attendants, ground personnel and pilots – clearing the Dutch carrier to receive €3.4 billion ($4 billion) in government loans and guarantees.
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NewsSpain agrees €475m Air Europa aid package
Spain’s cabinet has agreed a €475 million ($552 million) support package for Air Europa, the first funding delivered under a wider scheme established by the government in July. The funds have been released as part of a €10 billion solvency support fund for strategic companies set aside by the Spanish ...
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NewsShift to domestic markets helps Volotea limit crisis impact on traffic
European carrier Volotea is crediting a shift of its network strategy to focus on domestic flights for a July-September traffic performance in which declines in passenger levels were kept to less than a quarter. Volotea says it handled 2.4 million passengers in the third quarter, down only 23% on the ...
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NewsAir Canada Rouge relaunches with Cancun flight
Air Canada Rouge on 2 November flew passengers from Toronto to Cancun, Mexico, marking the first time it has operated since the start of the coronavirus pandemic travel downturn in March.
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NewsWet-lease operator Hi Fly to axe A380 in favour of A330s
Portuguese operator Hi Fly is ending its Airbus A380 services, just two-and-a-half years after taking on the type to explore its potential for the wet-lease market. Hi Fly acquired a former A380, MSN6, in mid-2018. The aircraft, powered by Rolls-Royce Trent 900 engines and configured with 471 seats, had been ...
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NewsRyanair and Wizz traffic down 70% in October
Traffic data released this morning from European low-cost carriers Ryanair and Wizz Air for October shows passenger levels running 70% down on prior-year levels as travel restrictions across Europe took further hold.
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NewsLast Avro RJ leaves CityJet fleet
Irish wet-lease operator CityJet has withdrawn the last of its BAE Systems Avro RJ85 regional jets, ending a 27-year association with the type and its predecessor, the BAe146. The operator’s final RJ85, registration EI-RJF, left Dublin on 2 November bound for Reykjavik. The aircraft was en-route to the USA where ...
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NewsAirlines split into ‘haves’ and ‘have-nots’: BOC Aviation chief
The Covid-19 pandemic’s impact on the aviation industry is splitting both airlines and lessors into “haves” and “have-nots”, the chief executive of lessor BOC Aviation has said. “Obviously there are shades of grey in between, but in terms of people’s viability, obviously government support has been very important this time ...
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NewsChina Southern to form 777F cargo unit
China Southern Airlines has applied to the Civil Aviation Administration of China (CAAC) for approval to establish a cargo subsidiary. To be based in Guangzhou, the new carrier, known as China Southern Airlines Cargo, will be wholly-owned by China Southern. Neither the CAAC nor China Southern gave any indication of ...
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NewsAmerican expands pre-flight testing programme
American Airlines has expanded its pre-flight coronavirus testing programme, hoping to inspire customers’ confidence to return to air travel.
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NewsRyanair’s O’Leary plots aggressive post-Covid strategy
Ryanair will exit the coronavirus crisis leaner, more competitive and ready for expansion, group chief executive Michael O’Leary has vowed. The low-cost carrier is using the crisis to “rapidly restructure our cost base”, he explained during a 2 November half-year results call. All of the major expense items – wages, ...
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NewsATSG turns Q3 profit as it steps up 767 freighter deployments
Air Transport Services Group made an operating profit of $74 million in the third quarter, up 80% year on year, as it deployed seven Boeing 767 freighters to leasing customers to capitalise on the demand for cargo aircraft amid the pandemic. The US lessor and operator generated $404 million in ...
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NewsCapacity concerns forgotten as embattled Berlin Brandenburg finally opens
One of the ironies of Berlin Brandenburg airport’s much-delayed opening is that the onset of the air transport crisis has brought an excess of capacity to a hub which, at one point, was thought to have a shortage. Combined passenger numbers for Tegel and Schoenefeld airport for the first eight ...
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NewsCO2 emissions fail to fall in line with flight cuts, Dutch researchers find
Dutch researchers believe that an increase in long-distance cargo flights, combined with steeper reductions in short-haul passenger services than for long-haul operations, are responsible for carbon dioxide (CO2) emissions failing to fall in line with the overall drop in flights.
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NewsKLM pilots outline concerns after government freezes rescue loan
KLM pilots have requested talks with the Dutch finance ministry after the government suspended a rescue loan to the airline over its failure to meet the attached labour conditions. Pilot union VNV had held off from signing a commitment clause intended to ensure that labour agreements could be extended for ...
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NewsRyanair looks beyond hard winter towards 737 Max arrival
Ryanair envisions taking delivery of 30 Boeing 737 Max jets before the peak of summer 2021, but is expecting to face heavy losses over the upcoming winter season. It is not prepared to forecast full-year performance but states that it is expecting “higher losses” over the second half to 31 ...