News from FlightGlobal – Page 538
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NewsDespite almost certain job cuts, airlines sell vision of brighter days ahead
US airline human resources executives forecast short-term pain for aviation employees but must remain upbeat that their industry will find a way out of its current slump in order to attract candidates back to fulfilling careers when the coronavirus is history. For many of them, it’s a tough sell.
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NewsAirbus not expecting significant changes in production rates: Faury
Airbus is not expecting to make substantial adjustments to its production rates for the foreseeable future, following the cuts to monthly output it disclosed in early April. The airframer has brought monthly single-aisle production down from 60 to 40 aircraft, while the twin-aisle rate has fallen from 9.5 to six ...
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NewsPIA banned from European operations after mounting safety concerns
Pakistan International Airlines has been blacklisted for a six-month period by European safety regulators, banning it from operating to European Union destinations. The Pakistani flag-carrier has disclosed that the prohibition enters into force on 1 July. It states that it is communicating with the European Union Aviation Safety Agency in ...
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NewsTAP to cut more aircraft as losses mount
TAP Air Portugal has disclosed plans to further reduce its fleet after first-quarter net losses almost quadrupled to €395 million ($443 million) amid the Covid-19 pandemic.
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NewsEasyJet proposes UK base closures including two in London
UK budget carrier EasyJet is proposing to close two of its four London bases, as well as its Newcastle station, as part of the cuts to cope with the coronavirus situation. The airline is looking to shut its London Stansted and London Southend bases, along with Newcastle, and to cut ...
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NewsEasyJet’s agreement with Stelios ends as his stake shrinks
EasyJet’s relationship agreement with founder Stelios Haji-Iaonnou has been terminated after his stake in the UK carrier dropped below the 30% threshold.
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NewsLufthansa’s reactivated fleet to reach 380 aircraft during summer
Lufthansa Group plans to have reactivated half of its fleet by October as it sees increased booking demand following an easing of travel restrictions in several countries.
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NewsSAS details extensive make-or-break recapitalisation plan
Scandinavian operator SAS has detailed a recapitalisation programme intended to run alongside its revised business plan and the implementation of broad efficiency measures. It says the Swedish and Danish governments, along with its third-largest shareholder – the Wallenberg Foundation – are supporting the plan, through which SAS aims to restore ...
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NewsYet again, New Delhi extends Air India sale deadline
Bids for state-owned Air India were meant to close today, but the government has extended the deadline for a further two months. In a seventh revision for expressions of interest to buy Air India, including its 100% stake in Air India Express and 50% stake in Air India SATS Airport ...
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NewsNorwegian cancels 97 Boeing aircraft orders
Norwegian has cancelled orders for 97 Boeing aircraft including examples of the troubled 737 Max and the 787 Dreamliner, and is claiming compensation for financial losses related to the two jets.
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NewsComair rescuers seek time to scrutinise expression of interest
South African carrier Comair’s rescue practitioners are still trying to work through the details of an expression of interest in the airline, and are seeking to postpone further the publication of a business plan. They are requesting creditor approval to push back the publication date from 30 June to 28 ...
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NewsPorter Airlines delays restart to 31 August
Canada’s Porter Airlines will restart its operations a month later than previously planned due to ongoing coronavirus-prompted travel restrictions that continue to make business difficult.
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NewsCovid-19 to hit per-passenger emission reductions: HSBC
The coronavirus crisis will reduce the overall output of carbon emissions from Europe’s airlines, but a desire to cut capital expenditure will delay introduction of new aircraft, weakening unit CO2 performance, according to analysis from HSBC.
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NewsIcelandair delays share issue to August as crucial talks go on
Icelandair Group has deferred a planned share offering until August, as it strives to reach stakeholder agreements on which the stock issue is conditioned. The company had been aiming to seal these agreements by 29 June, a date already pushed back by two weeks from the original mid-June estimate. Icelandair ...
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NewsMaintenance firm clashes with inquiry over severe E190 loss-of-control incident
Portuguese maintenance firm OGMA has clashed with accident investigators over conclusions drawn from a serious Embraer 190 incident during which the aircraft departed with cross-rigged aileron cables, almost leading to the loss of the jet. OGMA has strongly objected to several findings from investigation authority GPIAAF, arguing that the inquiry ...
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NewsJetstar 787 biocide treatment led to dual engine thrust roll-back
Japanese investigators believe biocide treatment of fuel on a Jetstar Airways Boeing 787-8 led to the aircraft’s losing thrust in both engines during a service to Osaka’s Kansai airport two days later. The aircraft (VH-VKJ) had departed Cairns on 29 March last year. As it descended through 16,100ft (4,900m) towards ...
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NewsAir New Zealand details extremely weak May traffic
Air New Zealand’s May traffic statistics continue to highlight the extreme weakness confronting airlines amid the coronavirus pandemic. For the entire month, the airline carried just 67,000 passengers, down 94.8% from 1.3 million passengers in May 2019. ASKs fell 92.8% year on year and RPKs 97.1%. The airline’s load factor ...
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NewsChina’s ‘Big Three’ carriers receive first ARJ21s
China’s three largest carriers — Air China, China Eastern Airlines and China Southern Airlines —each took delivery of their first Comac ARJ21 regional jets, and will be taking three more examples by year end. Comac handed over the aircraft to the three carriers on 28 June, hailing what it ...
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NewsJetstar Asia to dispose of aircraft, cut staff
Singapore low-cost carrier Jetstar Asia will cut five Airbus A320s and axe 180 staff as it seeks to ride out the coronavirus pandemic. The move will reduce the carrier’s fleet to just 13 aircraft, it says. The carrier made the adjustments after consultations with shareholders. Qantas Group owns 49% of ...
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NewsNok Air turned down chance to buy Scoot’s stake in joint venture
Thailand’s Nok Air turned down an offer to take over Scoot’s stake in NokScoot, the joint venture company whose board today voted in favour of liquidation. Singapore’s Scoot, the regional arm of SIA Group and a 49% shareholder in NokScoot, says in a 26 June statement that it offered to ...