News from FlightGlobal – Page 522
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NewsFrench pilots strongly back Transavia’s domestic evolution
Air France-KLM Group has secured a vital agreement with pilots which will enable the budget operation Transavia to conduct domestic services in France. French pilot union SNPL has strongly backed the agreement, with members voting over 90% in favour after a turnout of nearly 83%. Air France-KLM says the vote ...
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NewsClark cautious on 777-9 certification as Emirates awaits schedule clarity
Emirates Airline president Tim Clark is not convinced Boeing is “out of the woods yet” with regards to the certification programme for the 777X, as he awaits definitive details on when deliveries will begin.
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NewsNordica cleared to take €30m Estonian support package
Estonian operator Nordica has secured approval for a €30 million financial support package which will comprise a share capital increase and a loan with subsidised interest. Nordica is a capacity provider operating regional jets for carriers in northern and eastern Europe, but has been facing the possibility of insolvency before ...
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NewsCathay appears to switch more A350-1000s to -900s
Cathay Pacific appears to have converted a pair of Airbus A350-1000s to the smaller -900 variant, the Hong Kong-based carrier’s half-year accounts indicate. Airbus’s backlog figures to the end of July show Cathay had ordered 46 A350s, a mix of 26 A350-900s and 20 of the larger -1000s. It has ...
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NewsCathay not cancelling 777-9 orders, as it warns of bleak second half
Cathay Pacific has stressed that it is in discussions with Boeing about deferring — not cancelling — its orders for the 777-9 widebody. At a briefing after it disclosed record first half losses, Cathay chief operations and service delivery officer Greg Hughes says it is a “deferral of all 21 ...
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NewsFastjet Group to delist and convert to private company
African budget operator Fastjet Group expects to re-register as a private company by mid-September after shareholders overwhelmingly approved a delisting from the stock exchange. The company will “proceed with the cancellation of trading” of its ordinary shares on the London AIM exchange on 24 August. Shareholders voted on 12 August ...
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NewsAzul restructures lease payments to ease debt pressure
Brazilian carrier Azul has restructured its payment schedule with aircraft leasing firms which will including cutting operating lease outgoings by more than three-quarters over the last nine months of 2020. Its arrangements mean it will benefit from working capital relief amounting to R$3.2 billion ($595 million) by the end of ...
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NewsIcelandair cuts back 737 Max order as part of final settlement
Icelandair Group is cutting four Boeing 737 Max jets from its order commitment and revising deliveries of the remaining six as part of a final settlement with the airframer over Max disruption. The company has detailed the settlement after concluding a series of agreements with creditors and stakeholders essential for ...
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NewsCathay plunges to record HK$8.7 billion loss in ‘most challenging’ first half
Cathay Pacific Group reported a staggering operating loss of HK$8.7 billion ($1.13 billion) for its half-year financial results, in what its chairman called the “most challenging” period for the group in its 70-year history. Cargo proved to be the sole bright spot for the troubled group, which in recent months ...
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NewsThai AirAsia posts big operating loss amid broader group woes
Thai AirAsia’s dismal financial performance in the second quarter underlines the devastating impact of coronavirus for the AirAsia Group. Thai AirAsia parent Asia Aviation saw its operating loss for the quarter ended 30 June more than double to Bt1.8 billion ($58 million), from Bt798 billion a year earlier. Revenue fell ...
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NewsEVA Air hints at changes to 787 orderbook
EVA Air has entered negotiations with Boeing about its remaining 787-10 orders, hinting at a possible deferral or cancellation of some aircraft. The Star Alliance carrier says it is doing so “in response to changes in market demand and continuous optimisation of…network and fleet”, as a result of depressed travel ...
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NewsOver 6,000 SIA staff have taken unpaid leave since March
More than 6,000 Singapore Airlines Group employees, including ground staff, pilots and cabin crew have taken varying days of unpaid leave since they were first offered to do so in March. Singapore Airlines tells Cirium that the leave starts from a minimum of seven days and that more than 1,700 ...
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NewsMesa bets on Cargo as operating profit falls 12%
Mesa Air Group reported a $15 million operating profit during the third quarter despite the travel downturn during the coronavirus pandemic.
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NewsATR tweaks margins to enhance stall protection during ice escape
ATR turboprop operators are being instructed to tweak the speed margins in the aircraft’s flight manual to provide better sufficient protection against stall risks in icing conditions. The potential for performance degradation and stall during severe icing has long been a concern, particularly since the October 1994 accident involving an ...
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NewsCourt clears Irish regional CityJet to exit examinership
An Irish High Court has cleared Irish regional carrier CityJet to leave the formal financial restructuring process it entered in April as the coronavirus crisis struck.
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NewsJet2 parent has ‘sufficient liquidity’ for a year without flights
UK leisure carrier Jet2’s parent company Dart Group has concluded from a modelling exercise that it would have “sufficient liquidity” for a scenario in which no flights could be operated until August of next year.
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NewsA350-900 operators alerted to Trent XWB-84 blade cracking
Rolls-Royce is attempting to reassure investors and operators of the Airbus A350 over the impact of the latest durability problem to hit its Trent widebody engine family.
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NewsOverrun risk underlined after third similar EasyJet take-off incident at Lisbon
UK investigators have disclosed that a third EasyJet take-off incident at Lisbon last year, under near-identical circumstances as the previous two, resulted in the Airbus A320 lifting off just 110m from the runway end. The incident, relating to performance calculation confusion, occurred on 16 September last year, shortly before a ...
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NewsArkia poised to resume services after funding agreement with owners
Israeli leisure carrier Arkia’s backers have agreed to inject additional funds into the airline to enable it to restore operations. The agreement comes some five month after the airline halted almost all activity and furloughed over 500 personnel. Israeli trade union organisation Histadrut says the Nakash brothers, who own the ...
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NewsGreater Bay Airlines applies for AOC in Hong Kong
A new carrier hoping to set up in Hong Kong, Greater Bay Airlines, has applied for an air operator’s certificate. The AOC application was submitted in July and is being processed, Hong Kong’s Civil Aviation Department says in a statement to Cirium, without giving further details. If successful, the airline ...