Strategy – Page 5

  • Air Namibia

    Struggling Air Namibia cleared to resume flights


    Under pressure Air Namibia has been cleared by the Namibian High Court to resume services after its operating licence was suspended amid continued financial concerns.

  • Jet2 shutterstock_1576049350

    Jet2 ‘confident’ demand will return as full-year profit slides


    UK leisure carrier Jet2’s parent company, Dart Group, has reported a 10% decline in full-year pre-tax profit but is “confident” demand will return and “encouraged” by bookings for next summer.

  • LATAM aircraft parked at Sao Paulo Guarulhos airport during pandemic grounding

    LATAM secures key funding as Brazilian unit joins Chapter 11 filing


    LATAM Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.

  • BOC Max

    BOC Aviation boosts second-quarter lease commitments


    BOC Aviation’s recent sale-and-leaseback spree helped it record more signed lease commitments in the second quarter than in the same period last year, though aircraft sales were down. The Singapore-based lessor signed leases for 38 aircraft in the three months ended 30 June, compared with 32 in 2019’s second ...

  • United Dreamliner

    United warns 36,000 employees their jobs are in danger


    United Airlines has warned 36,000 employees, or 45% of its total staff, that their jobs may be in danger as the carrier prepares to downsize following the coronavirus pandemic.

  • Hi Fly A380 freighter conversion

    Hi Fly confirms LHT oversaw A380 freighter conversion


    European wet-lease operator Hi Fly has brought into service a freight-optimised Airbus A380, which has been temporarily converted from passenger configuration in a project overseen by Lufthansa Technik.

  • RyanAir 737-800. Boeing

    UK cabin crew join Ryanair pilots in accepting temporary pay cuts


    Ryanair cabin crew members based in the UK have agreed to a temporary pay cut of up to 10% to avert job losses at the airline.

  • AirAsia X Thailand Airbus A330neo

    Auditor questions AirAsia Group’s survival


    Accounting firm Ernst Young has questioned the AirAsia Group’s ability to remain a going concern, citing deteriorating finances amid the coronavirus pandemic. It notes that the group suffered a full-year net loss of MYR283 million ($66 million) in 2019, a year in which liabilities exceeded assets by ...

  • Airbus A320neo Aercap

    AerCap sees big drop in Q2 lease agreements


    Lessor AerCap signed lease agreements covering only 10 aircraft in the second quarter of 2020, down from 48 in the same period last year. The 10 aircraft comprise one widebody and nine narrowbodies, while in Q2 2019 AerCap signed deals for four widebodies and 44 narrowbodies, says the company. ...

  • United 787 Dreamliner

    United sees cancellations rise, warns of furloughs


    United Airlines says cancellations of forward bookings are once again rising due to new travel restrictions and increasing numbers of coronavirus cases across the southern sun belt states, prompting a warning that furloughs will be inevitable.

  • HL_OWG_V02-11.09.48-AM-600x400

    Canada’s Nolinor announces launch of new airline


    Canadian passenger and freight charter airline Nolinor Aviation has announced plans to launch a new airline later this year despite the coronavirus crisis that has decimated much of the travel industry.

  • AeroMexico Boeing 787-8

    Aeromexico looks to quit 19 aircraft leases


    Grupo Aeromexico, the parent company of Mexico’s flag carrier, has petitioned to be released from aircraft and engine leases as it seeks to shrink its fleet to reduce costs.

  • Blue Air at Bucharest Airport April 2020

    Blue Air takes creditor protection step as it rebuilds network


    Romanian carrier Blue Air has taken a preventative measure under local insolvency law as it further restores its network after the coronavirus grounding. Blue Air says it has taken the protective measure of ’concordant procedure’ - a preventative action under which companies seek to reach agreement with creditors. ...

  • virgin australia tails

    Virgin Australia bondholders challenge sale to Bain Capital


    Two parties representing Virgin Australia bondholders have challenged the airline’s sale to Bain Capital with the intention of making an alternative proposal. In an application to the Australian Takeovers Panel, Singapore-based fund manager Broad Peak Investment Advisers (Broad Peak) and Hong Kong’s Tor Investment Management submit that “certain circumstances ...

  • Bangkok

    Pandemic pushes AirAsia into the red


    AirAsia Group slipped to a MYR953 million ($223 million) net loss in the first quarter, down from a MYR102 million profit in the same three-month period of 2019, as Covid-19 caused demand to plummet.

  • ANA 787-10

    Japan’s ANA and JAL secure $1.6bn in export-credit guarantees


    The Japan Bank for International Cooperation is providing guarantees totalling Y174 billion ($1.6 billion) for aircraft-import loans to ANA Holdings and Japan Airlines . The export-credit agency on 9 June signed an agreement with private financial institutions to provide a Y88.4 billion guarantee against the principal and interest ...

  • Air France Airbus A350 tail

    Air France to shed over 7,000 jobs as part of €7 billion bail-out


    Air France will shed almost 7,600 jobs over the next three years in an accelerated restructuring implemented in parallel with €7 billion ($7.9 billion) worth of government-backed loans.

  • Air Baltic Airbus A220

    EU approves Latvian government’s €250 million aid for Air Baltic


    Air Baltic’s €250 million ($281 million) government bail-out, taking the form of an equity investment, has received the green light from the European Commission.

  • Helvetic E2

    Helvetic pushes back seven E2 deliveries to 2021


    Swiss regional carrier Helvetic Airways has deferred delivery of seven Embraer 190-E2s that were due to join its fleet this year.

  • Heathrow airport entry

    ​UK to lift quarantine restrictions for more than 50 countries


    Travellers arriving in England from more than 50 countries will no longer be required to self-isolate for 14 days from 10 July, the UK government has confirmed.