News from FlightGlobal – Page 524
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NewsSlow recovery prompts London City to put terminal extension on hold
Plans for a terminal extension at London City airport are being reviewed after the operator decided to pause its development plans at year-end as it adjusts to the post-pandemic travel demand.
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NewsChafing protection mystery follows Saab 340 incident
UK investigators have found that anti-chafing measures fitted to a Saab 340 failed to protect an engine condition control cable, leaving the crew unable to adjust its power during a climb out of Carlisle airport last year. The crew encountered difficulties with climb power as the aircraft reached 2,500ft, opting ...
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NewsTUI revenues all but wiped out for June quarter
European travel operator TUI Group incurred an operating loss of €1.1 billion ($1.3 billion) for the three months ending 30 June 2020 as revenues were down more than 98% on the same quarter last year.
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NewsCebu Pacific’s losses worsen in second quarter
Cebu Pacific’s financial losses deepened in the second quarter of this year as the impact of the Covid-19 pandemic began to be felt more severely. The Philippine airline and its subsidiaries made an operating loss of Ps6.29 billion ($129 million) in the three months ended 30 June, it reports. This ...
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NewsWizz Air UK to launch leisure routes from new northern base
Wizz Air’s UK division is to establish its second base in the country, opting to station an Airbus A320 at the northern Doncaster Sheffield airport. The airline intends to open another seven routes – adding to 10 it already serves from the airport – and broaden its network to new ...
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NewsHong Kong airport resumes transit for passengers from mainland
Hong Kong International Airport will allow passengers arriving from mainland China to transit during the period 15 August to 15 October. “On the other hand, transfer/transit services to destinations in mainland China will remain unavailable at HKIA,” says the airport. It did not give a reason for the resumption and ...
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NewsTaiwanese carriers bounce back to profitability despite global downturn
China Airlines and EVA Air reported operating profits for their latest quarterly financial results, placing them among the few airlines to turn a profit during a pandemic-induced economic downturn. For the three months ended 30 June, both carriers made a strong comeback from a loss-making previous quarter — despite ...
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NewsUnited introduces 28 new flights to Florida
United Airlines has added more domestic flights from the Midwest and the northeastern US to warm-weather destinations in the south in a move that signals the airline is banking on leisure travel as the first segment of the industry to recover from the coronavirus pandemic.
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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 ...