News from FlightGlobal – Page 495
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NewsHawaiian posts $97m Q3 loss, details 787 delivery delays
Hawaiian Airlines posted a $97 million loss in the third quarter, as the state’s coronavirus-driven quarantine requirements hampered air travel demand – and the airline’s recovery.
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NewsJetBlue reports sharply lower Q3 but sees leisure rebound
JetBlue Airways reported sharply declining third-quarter financial results but remains optimistic that the coming weeks will bring recovery as customers begin planning travel for the end-of-year holiday season.
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NewsTurkish Airlines agrees amended delivery schedule for Airbus orders
Turkish Airlines has undertaken a restructuring of its fleet plans, agreeing with Airbus to reschedule a number of deliveries. The carrier adds that it has “adapted the overall outstanding orders”, taking into account operational and financial positions, to ensure a “solid basis” for the airline’s future. Turkish Airlines has not ...
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NewsAirline cash burn to continue throughout 2021: IATA
Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions, according to IATA.
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NewsBOC Aviation, Malaysia Airports challenge AirAsia X restructuring
Two of AirAsia X’s creditors – BOC Aviation and Malaysia Airports (Sepang) (MASSB) – have taken legal action to challenge its proposed debt restructuring, according to the airline group. AirAsia X was served on 15 October a sealed copy of BOC Aviation’s application in the High Court of Malaya, dated ...
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NewsANA Group plans new airline, big fleet cuts
The All Nippon Airways (ANA) Group will conduct a major revamp of its business model that involves launching a new airline brand and retiring far more aircraft than originally planned. The group will make these and other significant changes as part of its response to the coronavirus pandemic that has ...
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NewsIcelandair to withdraw and part-out batch of 757-200s
Icelandair Group is planning to retire four Boeing 757-200s over the next few weeks, which will be placed with part-out schemes. The company says some of the components will be cannibalised for its remaining 757s while others will be sold. Icelandair Group says the retirement is part of its broader ...
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NewsANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
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NewsEasyJet enters leaseback agreements for nine more A320s
UK budget carrier EasyJet has agreed several sale-and-leaseback arrangements, covering nine aircraft and generating nearly $400 million to enhance its liquidity. The airline has sealed a transaction involving five Airbus A320s with Irish-based Wilmington Trust SP Services. EasyJet says this agreement, centred on leases averaging 117 months, will generate proceeds ...
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NewsMyanmar Airways International takes first E190
Myanmar Airways International (MAI) has taken delivery of its first of two Embraer E190s, which it will utilise on domestic routes. The aircraft, registered M-ABNH, arrived at Yangon on the morning of 26 October, having flown in from Guangzhou. The carrier signed a lease agreement with CDB Aviation in ...
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NewsArgentine LCC protests ongoing closure of El Palomar
Argentine low-cost carrier Flybondi has strongly protested the government’s decision to keep Buenos Aires’ secondary airport El Palomar closed as the country slowly reopens following the coronavirus crisis.
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NewsIcelandair uses Boeing compensation to offset new 737 Max expenditure
Icelandair Group is expecting to take delivery of three more Boeing 737 Max jets in the first half of 2021, and has reclassified part of the compensation received for the Max grounding as reduced capital expenditure on them. The company has not disclosed the scale of the compensation settlement reached ...
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NewsEasyJet to make 418 crew in Germany redundant
EasyJet will almost halve its fleet in Berlin amid the Covid-19 pandemic.
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NewsAir Baltic to operate 40 winter routes
Latvian carrier Air Baltic plans to maintain “essential connectivity” through the winter months, linking its Riga hub with 40 destinations.
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NewsBA heritage-livery 747-400 to become cinema and conference venue
One of the British Airways Boeing 747-400s painted in a retro livery for the airline’s centenary is to be preserved as a cinema and conference venue. The aircraft (G-CIVB) carried the Negus & Negus colour scheme initially adopted by the airline following its emergence in 1974 from the merger of ...
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NewsAeroflot Group details shareholding shifts after capital increase
Aeroflot Group has disclosed that the Russian state’s share in the airline company has reached 57.34% as a result of its capital increase. The Russian government had been prepared to maintain at least its previous 51.2% shareholding in the company during the share issue. Aeroflot Group had also been 3.5%-owned ...
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NewsAmerican Eagle ERJ-145 damaged in Bahamas excursion
Investigators in the Bahamas are probing a runway excursion involving an American Eagle service from Miami which badly damaged the aircraft. The Embraer ERJ-145 – identified as N674RJ – had landed on runway 06 at Grand Bahama airport following the short 100nm flight from Miami on 24 October. It arrived ...
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NewsANA signs SAF deal with Neste as Japan sets new climate goals
All Nippon Airways has signed a deal to procure sustainable aviation fuel (SAF) from Finland’s Neste, with the first flights using the fuel to take off from Japan this month. It comes as Japan’s new prime minister Yoshihide Suga brings forward climate targets, pledging today to achieve a carbon-neutral society ...
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NewsAirAsia Group secures loan for logistics pivot
Malaysia’s AirAsia Group has secured a MYR300 million ($72 million) loan from the Sabah Development Bank, mainly to enhance its logistics network within the state. “This loan is in line with AirAsia’s pivot into the digital business. The main purpose of the loan is to enhance logistics in Sabah by ...
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NewsHoneywell sees behaviour shift among Asia-Pacific airlines
Honeywell’s airline support business has observed significant changes among its Asia-Pacific customers as the effects of the coronavirus pandemic ripple through the industry. One major change relates to spare parts, with airlines electing to keep parts ‘on wing’ for longer, and showing greater openness to relying on used parts. ...