News from FlightGlobal – Page 531
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NewsInvestor offers $75m for 45% share in struggling El Al
Israeli flag-carrier El Al has received an offer from an investor who is prepared to acquire a private allotment of shares worth $75 million. The offer has come from an individual which the law firm Shibolet identifies, in a 20 July letter to the airline, as businessman Eli Rozenberg. This ...
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NewsAirlines UK calls for air passenger duty to be waived temporarily
Passenger numbers at UK airports could decline by more than 40% over the next 12 months without government intervention, while 12% of routes in and out of the country could be discontinued, according to a new report commissioned from York Aviation by Airlines UK.
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NewsIndustry pursues multi-pronged sustainability solution
There is widespread agreement that aviation needs to become more sustainable, but some problems lie in identifying the best way to get there, participants in a high-level panel discussion indicated today.
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NewsAirbus preparing for uncertainty as it navigates ‘gravest crisis’
Airbus chief executive Guillaume Faury has warned that the company may need to adapt again in future as it navigates the “gravest crisis” in the company’s history.
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NewsAir Baltic chief ‘optimistic’ but says slow pace is critical
Air Baltic and the wider airline industry will successfully navigate the coronavirus crisis as long as a cautious approach is taken to reinstating services, according to the carrier’s chief executive Martin Gauss.
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NewsIran transfers recorders of shot-down 737 to French investigators
Iranian investigators have arrived at the facility of French accident analysis bureau BEA with the flight recorders from the Boeing 737-800 shot down over Tehran in January. The arrival of the Iranian team at BEA’s facility in Paris marks an important advancement in the investigation, after six months of uncertainty ...
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NewsChinese ‘Big Three’ warn again of first-half earnings hit, despite traffic recovery
China’s three largest state-owned carriers have reiterated warnings that their first-half financial results will take a hit from the coronavirus outbreak, even as its June passenger traffic continued to improve month on month. In similarly-worded impact statements released together with its monthly traffic results, Air China, China Eastern Airlines ...
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NewsLessors negotiate with Thai on rental deferrals
Most of Thai Airways’ dozen lessors are expected to reject a request from the airline to defer rental payments for 12 months but will likely acquiesce to a deferral until at least September, sources say. Some lessors are more supportive of the airline’s rehabilitation and willing to be patient than ...
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NewsIcelandair withdraws mass cabin crew lay-off after new deal emerges
Icelandair Group has reversed an extraordinary decision to dismiss all its cabin crew, after a swift resumption of negotiations resulted in another tentative collective bargaining agreement. The operator’s mass sacking of its flight attendants, which would have involved replacing them with pilots from 20 July, had initially spurred a strike ...
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NewsIcelandair cabin crew to ballot for strike after mass dismissal
Icelandair’s cabin crew union has called a ballot to vote for strike action following the failure of talks over a new collective agreement, after which the airline sacked all its flight attendants. The proposed strike would be indefinite and begin on 4 August, subject to a confirmation vote to be ...
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NewsIcelandair orders pilots to take over after dismissing all its cabin crew
Icelandair Group is dismissing its entire cabin crew corps and placing the responsibility for on-board safety with Icelandair’s pilots, after efforts to reach a new collective bargaining agreement failed. Cabin crew members with the FFI union rejected a tentative agreement on 8 July and Icelandair Group says subsequent talks have ...
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NewsUnited’s pilot union green-lights voluntary measures to mitigate layoffs
The union representing United Airlines’ pilots has voted to accept voluntary staff reduction plans that would help reduce the number of pilots who might be laid off in the coming months.
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NewsAeroflot targets 600-strong fleet within eight years
Russia’s Aeroflot Group aims to expand its fleet to 600 aircraft – 235 of which will be domestically built – by 2028. The plan is part of an updated strategy unveiled by chief executive Vitaly Saveliev. The group is also targeting 130 million passengers in 2028, up from 60.7 million ...
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NewsIndia agrees travel corridors with France, USA and others
India’s government is negotiating “travel bubble arrangements” with certain countries to enable resumption of some international flights, starting with the USA.
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NewsGovernment to provide support as Royal Jordanian losses soar
Royal Jordanian Airlines has posted a pre-tax and net loss of JD25.4 million ($35.8 million) for the first quarter, five times the figure recorded last year. The company recorded a 21% fall in revenues to JD114 million, including JD87 million from scheduled passenger services, but only a 6% reduction in ...
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NewsCathay anticipates HK$9.9 billion half-year net loss
Cathay Pacific Group expects to post a net loss of about HK$9.9 billion ($1.28 billion) for the six months ended 30 June, even as it gradually adds capacity back to its network. The first-half net loss, which is subject to auditor reviews, is a stark contrast to its financial ...
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NewsNokScoot’s shareholders agree to dissolve company
NokScoot’s shareholders have agreed to dissolve the company, after the Thai-Singaporean joint venture airline’s board of directors previously voted in favour of the move. At a 2020 annual general meeting of NokScoot shareholders held on on 14 July, the shareholders “approved to dissolution, liquidation and appoint liquidator to proceed with ...
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NewsBritish Airways to immediately retire all 747 aircraft
British Airways has decided to immediately retire its entire Boeng 747-400 fleet of 30 aircraft due to the disruption in the aviation industry as a result of the coronavirus.
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NewsCourt’s Qatar blockade ruling cited judgement on India-Pakistan dispute
Central to the International Court of Justice ruling that the ICAO Council can hear Qatar’s complaint over a long-running airspace blockade was the decision as to whether ICAO should be prohibited from considering issues outside of its aviation sphere. Qatar had sought to bring proceedings before the ICAO Council over ...
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NewsCharter start-up GlobalX signs for an A320
Prospective charter carrier Global Crossing Airlines has entered into an agreement to purchase one Airbus A320-200 aircraft as it awaits FAA approval to begin operations.