News from FlightGlobal – Page 541
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NewsComair rescuers seek time to consider funding offer
South African carrier Comair’s rescue practitioners are exploring a potential offer of funding for the airline, and are seeking a further postponement to publication of a business plan. The practitioners have not identified the group behind the non-binding expression of interest. But they state that the offer of cash funding ...
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NewsAirAsia chief Fernandes mulls pulling out of India JV: report
AirAsia group chief Tony Fernandes has hinted at a possible exit from its Indian joint venture, to focus on the Southeast Asian side of business. Fernandes was quoted in Indian media reports as saying that the group would “never say that we would never exit India”. He was speaking ...
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NewsAirlines benefit from Hong Kong wage subsidy scheme
Several airlines are to receive wage subsidies from the Hong Kong government, though the city’s flag carrier Cathay Pacific Airways is not among the first tranche of companies to be approved for the scheme. Taipei Taoyuan-based China Airlines, with a “committed headcount under payroll” of 222 in Hong Kong, has ...
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NewsAir Canada raises additional C$1.23bn in cash
Air Canada has raised additional liquidity to help keep itself afloat as the coronavirus pandemic drags on.
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NewsShot-down UIA 737 recorders to be sent to France: Iranian ministry
Iranian authorities appear set to send the flight recorders of the Boeing 737-800 shot down over Tehran to France for download of their data. The issue of reading the data following the event involving the Ukraine International Airlines flight PS752, operating from Tehran to Kiev on 8 January, has been ...
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NewsDelta resumes flights to China this week
Delta Air Lines will resume flights between the US and China, the first US carrier to do so since the beginning of the coronavirus pandemic, as travel restrictions and regulatory sparring between the two countries’ aviation authorities ease.
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NewsDe Juniac sees fresh state role in airlines as short-term measure
IATA director general Alexandre de Juniac expects those governments that have taken stakes to help prop up cash-strapped airlines during the crisis will not be long-term investors in the carriers.
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NewsKLM to reinstate 95% of European network by August
Dutch carrier KLM plans to operate 95% of its European network and serve 80% of intercontinental destinations by August.
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NewsSouth Africa’s Airlink bids to have SAA liquidated
South African carrier Airlink is attempting to disrupt plans to convene a creditors’ meeting to discuss whether to approve the rescue plan for South African Airways, and is seeking to have the airline liquidated. The government’s department of public enterprises says Airlink has filed a court motion “aimed at interdicting” ...
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NewsDHL orders freighter conversion of 767s
Germany’s DHL International is ordering conversion of up to four Boeing 767-300ERs to freighters to gain additional cargo capacity in the wake of the coronavirus crisis. The twinjets are set to be converted at the facilities of Israel Aerospace Industries. Neither DHL nor IAI has detailed the airframes involved in ...
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NewsIndia sets two conditions for resumption of international flights
India will restart international flights only once its domestic traffic reaches 50-60% of pre-Covid-19 levels, and that other countries loosen travel restrictions, India’s civil aviation minister has said. “We can start regular international flights when our domestic traffic reaches about 50-60%, [and] other countries open up to international traffic without ...
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NewsAvation remarkets five aircraft from Virgin Australia
Singapore-based lessor Avation plans to remove two jets and three turboprops from its biggest customer Virgin Australia after finding new homes for the aircraft. Avation has entered into agreements to lease two of the former Virgin Australia ATR 72-500s to an undisclosed commercial airline in Australia until the end of ...
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NewsSAA rescue plan revises down initial heavy losses
South African Airways’ final business rescue plan considerably revises down the losses projected over the first three years for the restructured carrier. While a draft plan circulated at the beginning of June indicated losses close to R20 billion ($1.1 billion) for the period, the final plan estimates pre-tax losses of ...
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NewsVideo captures vain attempt to halt runaway Q400 at Aberdeen
Surveillance video footage has emerged appearing to show ground personnel vainly attempting to physically stop a Bombardier Q400 from rolling across an apron in Aberdeen, before the turboprop struck a parked regional jet. The former Flybe aircraft (G-JECK), apparently not under power and with its forward passenger airstair open, was ...
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NewsAeromexico says it will not file for bankruptcy, despite lack of liquidity
Mexican flag carrier Aeromexico says it has no plans to file for bankruptcy, but that it is “evaluating alternatives to move towards a better financial position” after the global coronavirus pandemic decimated its liquidity.
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NewsSAA rescue plan sets out initial fleet and personnel requirements
South African Airways’ resurrection plan would involve an initial restart period of eight months, running to January 2021. Over this period the fleet would be gradually built up to around 26 aircraft, comprising seven long-haul jets – about half of which would be in place at the end of this ...
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NewsUS DOT fines Spirit Airlines $350,000 mischaracterising bumped passengers
The US Department of Transportation (DOT) has fined ultra-low-cost carrier Spirit Airlines $350,000 for mischaracterising passengers who were involuntarily denied boarding on overbooked flights as “volunteers” and then undercompensating them.
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NewsAer Lingus set to cut up to 500 jobs
Irish carrier Aer Lingus is warning it expects to cut up to 500 jobs citing the ‘catastrophic effect’ the coronavirus crisis having on the aviation industry.
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NewsLauda outlines restructuring under ‘survival plan’
Lauda’s Austrian arm is being repositioned as a wet-lease carrier and the Ryanair subsidiary is ending the employment of crew members who did not support a new collective labour agreement, as part of a “survival plan” to secure operations in Vienna.
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NewsEl Al wrestles with ministry over proposed financial support
Israeli flag-carrier El Al has put forward amendments to a proposed funding mechanism for the troubled airline, but insists the government has not rejected its basic propositions. El Al had been trying to negotiate a $400 million loan while the finance ministry had countered with an alternative, through which the ...