News from FlightGlobal – Page 501
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NewsEnvironmental pressure will ‘come back swinging’: Finnair chief
An airline’s ability to invest in new aircraft and other measures aimed at mitigating the industry’s environmental impact will become a “differentiating factor” in the future, according to Finnair chief executive Topi Manner.
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NewsCivil aircraft subsidies: EU fails to persuade WTO of case for higher penalties
While the European Union, in its transatlantic civil aircraft subsidy dispute, had sought World Trade Organization authorisation to impose a higher penalty than the $7.5 billion awarded to the US government, it ultimately failed to convince the WTO of its case. Over the course of the long-running dispute the EU ...
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NewsEasyJet’s new finance chief to start on 3 February
EasyJet’s new chief financial officer, Kenton Jarvis, will assume his role at the airline on 3 February 2021. This will be followed by a short handover period with his predecessor, Andrew Findlay, “to ensure a smooth transition”, the carrier states. Source: TUI Kenton Jarvis will take up new ...
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NewsVietnam Airlines warns of big loss for first nine months of 2020
Vietnam Airlines has warned of a consolidated loss of D10.8 trillion ($464 million) in the first nine months of 2020, as the coronavirus pandemic takes its toll on operations. The company adds that it expects consolidated revenues of D23.9 trillion for the first nine months of the year, a quarter ...
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NewsDelta posts $5.4bn Q3 loss, sees bright spots
Delta Air lines reported a third quarter loss of $5.4 billion as the airline begins to regroup following a catastrophic summer brought on by the coronavirus global pandemic.
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NewsDiverse UAE firm claims intention to bid for Israeli carrier Israir
United Arab Emirates-based investors are intending to bid for the Israeli leisure carrier Israir, one of the country’s main operators. NY Koen Group, a diversified holding company located in Dubai, says it will be submitting a bid to purchase the airline. Israir has a mix of Airbus A320 jets and ...
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NewsPorter pushes back restart to December
Canada’s Porter Airlines has pushed back its restart date for the sixth time as ongoing travel restrictions in Canada hamper the industry’s overall recovery in that country.
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NewsBreeze signs sale-and-leaseback deal covering five A220s
Planned US start-up Breeze Airways has signed a sale-and-leaseback agreement with lessor Voyager Aviation for five Airbus A220-300s.
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NewsAviation faces ‘systemic collapse’ without support: ACI and IATA
ACI World and IATA have issued a joint call for non-debt-generating financial support to “prevent the systemic collapse of the aviation industry”. “The Covid-19 pandemic remains an existential crisis, and airports, airlines and their commercial partners need direct and swift financial assistance to protect essential operations and jobs,” says ACI ...
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NewsCapacity ‘will go elsewhere’ if travel restrictions remain: Ryanair chief
The chief executive of Ryanair’s mainline operation has warned the Irish government that the carrier is able to place its aircraft elsewhere in Europe, as he lamented the country’s current restrictions on international travel. Noting that Ireland does not have a state-owned flag carrier, Eddie Wilson states on Ryanair’s new ...
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NewsFormer Wizz deputy chief to lead Canadian budget carrier Flair
Canadian low-cost carrier Flair Airlines has named former Wizz Air deputy chief executive Stephen Jones to lead the company. He will replace Flair’s outgoing president and chief executive Jim Scott, who will remain a shareholder of the airline. Source: Flair Airlines Jones served as deputy chief executive at ...
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NewsLufthansa shifting A350s to Frankfurt to take over 747 routes
Germany’s Lufthansa is to shift a batch of Airbus A350-900s to Frankfurt, where they will take over routes operated by Boeing 747-8s. Lufthansa has so far focused A350 deployment exclusively on its Munich hub. The airline has 43 of the twinjets on order and has received 16 of them. Four ...
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NewsFinnair develops ‘financial bazooka’ to survive crisis
Finnair has enough cash to survive until late 2021 with little or no flying, having introduced a raft of financial measures to ensure it can survive the coronavirus crisis
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NewsTrump lawyer and former UN ambassador proposed for El Al board
Israeli flag-carrier El Al’s shareholders are to meet in November to approve a new board of directors, including Jason Greenblatt, the former chief lawyer to US president Donald Trump. Greenblatt is one of six directors proposed for the board following the stock issue in September during which El Al underwent ...
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NewsChina Southern prices CNY16 billion convertible bond
China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier. The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% ...
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NewsChina Eastern parent gets CNY31 billion cash injection
China Eastern Airlines’ parent company, China Eastern Group, has received a CNY31 billion ($4.6 billion) capital boost from four state-owned enterprises. The four companies involved in the capital increase are China Life Investment Holdings, which will inject CNY11 billion; Shanghai Jiushi Group with CNY10 billion; as well as China Guoxin ...
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NewsSubtle shifts in travel may drive long recovery: trade group
As air travel struggles to return to pre-coronavirus levels, the industry is adopting new patterns of operating that might become permanent during a prolonged recovery, the airline trade group Airlines for America (A4A) says.
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NewsAllegiant hopes its focus on underserved routes will help it beat coronavirus
Allegiant Air says that its laser-focus on underserved routes, the most popular travel days of the week and cost-conscious leisure travellers will be key to pulling itself out of the coronavirus crisis.
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NewsDelta eyes potential Covid boost to regional flying
Will the coronavirus pandemic cause a long-term bump in air travel from small- and medium-size airports?
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NewsSouthwest to begin O’Hare and Houston Intercontinental flights in 2021
Southwest Airlines in 2021 will begin flights at Chicago O’Hare International and Houston George Bush Intercontinental airports.