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UK gov't mulls using bankrupt carriers' fleets to repatriate

15.10.2019 - 09:19 UTC
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The British Department of Transport (DfT) is preparing a change of law which would allow the state to use the aircraft and staff of any bankrupt airline to repatriate its passengers stranded abroad, the Press Association has reported.

The new law would allow the government to place a bankrupt airline in special administration and continue using its assets to the extent required to repatriate all passengers.

The changes were proposed shortly after the repatriation of stranded Thomas Cook Group...

Synergy seeks extra 1.5 months to finalise Jet Airways bid

15.10.2019 - 08:10 UTC
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Synergy Aerospace has reportedly asked the Resolution Professionals managing the bankruptcy of Jet Airways (9W, Mumbai Int'l) for an extension of the deadline for a final bid by 1.5 months to the end of November, The Financial Express has reported.

The current deadline for final bids from prospective investors expires on October 14. Synergy Aerospace, an investment vehicle for German Efromovich, is the only remaining bidder.

The Press Trust of India reported last week that the Resolution Professional...

IAG "upset" with Airbus over A321neo(LR) delays - Walsh

15.10.2019 - 07:02 UTC
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IAG International Airlines Group is "upset" with Airbus over the delivery delays of the A321-200neo(LR) aircraft for Aer Lingus (EI, Dublin Int'l), Group Chief Executive Willie Walsh said during a conference in Toronto.

"Sometimes they gloss over the impact of a delay like this for an airline like Aer Lingus, who are trying to transform their transatlantic service, it has a huge impact. We haven’t had a sense that Airbus have fully appreciated the negative impact these delays are having," Walsh was quoted as saying by The Irish Independent....

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American Airlines eyes GOL partnership - report

15.10.2019 - 05:53 UTC
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American Airlines (AA, Dallas/Fort Worth) is negotiating a partnership with GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas), having started talks with the Brazilian carrier on the same day when Delta Air Lines (DL, Atlanta Hartsfield Jackson) announced its investment in LATAM Airlines Group, Brazilian economic newspaper Valor Econômico has reported.

The spokesperson of the American carrier confirmed to Reuters that it is "always looking for potential partners", while GOL itself declined to comment....

UK's Titan Airways to add first A330 in 1Q20ch-aviation PRO exclusive

15.10.2019 - 04:45 UTC
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Royal Air Maroc to end B767 pax ops in 4Q19ch-aviation PRO exclusive

15.10.2019 - 04:43 UTC
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Faroes' Atlantic Airways to unify fleet, eyes Newarkch-aviation PRO exclusive

15.10.2019 - 04:41 UTC
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Air France HOP to jettison ATRs, E145s, possibly CRJ700sch-aviation PRO exclusive

15.10.2019 - 04:38 UTC
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Adria Airways' staff eye new airline with foreign partnerch-aviation PRO exclusive

15.10.2019 - 00:55 UTC
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KLM cityhopper E2s to replace E1s due to Schiphol slotsch-aviation PRO exclusive

15.10.2019 - 00:05 UTC
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Portugália Airlines eyes E2s or A220s from 2021ch-aviation PRO exclusive

14.10.2019 - 23:15 UTC
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Thai Airways to draw up new restructuring plan

14.10.2019 - 22:26 UTC
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Thai Deputy Transport Minister Thaworn Senneam has ordered Thai Airways International (TG, Bangkok Suvarnabhumi) to come up with yet another restructuring plan, this time focused on the carrier's network, The Bangkok Post has reported.

The loss-making flag carrier has been given a month to draw up a new business plan which sets out a way forward to profitability. In order to focus on the restructuring, the carrier recently announced that it will defer its long-planned fleet renewal drive by at least six months, which was to encompass the...

Gov't raises fresh $1bn in bonds to repay Air India's debt

14.10.2019 - 18:08 UTC
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Air India Assets Holding Ltd (AIAHL), a special purpose vehicle created by the Indian government to hive off a part of Air India's massive debt, raised another INR70 billion rupees (USD986 million) through bonds.

The Economic Times has reported that the bonds issue was oversubscribed with bids totalling more than INR210 billion (USD2.96 billion). It was already the second tranche of INR70 billion worth of bonds.

In total, the government decided to transfer INR295 billion (USD4.2 billion) debt from Air India...

Kyrgyzstan's Air Manas to add Antonov, Boeing jetsch-aviation PRO exclusive

14.10.2019 - 17:17 UTC
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Camair-Co seeks gov't financial intervention once morech-aviation PRO exclusive

14.10.2019 - 16:25 UTC
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Royal Air Maroc denies B737 MAX order cancellation plans

14.10.2019 - 15:34 UTC
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Royal Air Maroc (AT, Casablanca Int'l) has refuted reports in the international press that claimed it had cancelled plans to take delivery of two more B737-8s.

The Moroccan national carrier has been awaiting delivery of CN-MAW (msn 60010) and CN-MAZ (msn 60009) from Boeing (BOE, Chicago O'Hare) since June of this year, events that have been indefinitely delayed given the global MAX grounding. RAM has already taken delivery of two other B737 MAX 8s, both of which are also grounded.

Given the...

Russia's Tuva Avia eyes turboprops to launch fixed-wing opsch-aviation PRO exclusive

14.10.2019 - 14:42 UTC
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US DOT okays Hawaiian, JAL JV but denies antitrust immunity

14.10.2019 - 13:51 UTC
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The United States Department of Transportation (DOT) tentatively approved the formation of a joint venture between Hawaiian Airlines (HA, Honolulu) and JAL - Japan Airlines (JL, Tokyo Haneda) but denied the carriers' request for antitrust immunity.

"The decision... is based upon the Department's tentative findings that the proposed commercial agreements are not adverse to the public interest because they would not substantially reduce competition, but that antitrust immunity (ATI) is not required by the public interest because, as...

Efromovich renews Kingsland war in Colombiach-aviation PRO exclusive

14.10.2019 - 12:59 UTC
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TAM Bolivia suspends flight operationsch-aviation PRO exclusive

14.10.2019 - 12:08 UTC
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RĂ©union's Air Austral, Air Madagascar select A220

14.10.2019 - 11:17 UTC
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Air Austral (UU, St. Denis de la Réunion) has signed a Memorandum of Understanding (MOU) with Airbus (AIB, Toulouse Blagnac) for the purchase of three A220-300s.

According to the Journal de l'île de la Réunion, airline chief executive Marie-Joseph Malé said the trio will feature a total of 132 seats (12 in business and 120 in economy class) and will deliver in November 2020 followed by December 2020, and then March 2021. Collectively, they will replace the Reunionaise carrier's existing fleet of two...

Peruvian Airlines sold to private consortiumch-aviation PRO exclusive

14.10.2019 - 10:25 UTC
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Russia's IrAero studies small turboprops for fleet renewalch-aviation PRO exclusive

14.10.2019 - 09:34 UTC
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Boeing to pump $20mn into Virgin Galactic space programme

14.10.2019 - 08:42 UTC
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Boeing (BOE, Chicago O'Hare) will invest USD20 million into Virgin Galactic (OBT, Las Cruces), a Virgin Group unit running the commercial space flights business.

The companies announced in a press release that the funds will come from Boeing HorizonX Ventures, a unit of the American manufacturer dedicated to funding and researching new breakthrough technologies.

"Boeing's strategic investment facilitates our effort to drive the commercialization of space and broaden consumer access to safe, efficient, and...

F&S Holdings takes control of Philippines AirAsia

14.10.2019 - 07:51 UTC
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F&S Holdings, controlled by the family of Michael Romero, has assumed majority control of Philippines AirAsia (Z2, Manila Ninoy Aquino Int'l) after acquiring a 15.7% stake from Antonio Cojuangco's vehicle TNR Holdings, English-language Philippine Daily Inquirer Business has reported.

The Romeros' business already held a 44.4% stake prior to the acquisition. F&S Holdings chair Sheila Romero said that the terms and the value of the purchase were confidential. The remaining shares are held by...

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