Recent News

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Japan's Skymark shelves IPO plans amid Covid-19 falloutch-aviation PRO exclusive

20.03.2020 - 09:37 UTC

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Air France-KLM reveals "very significant" cutbacks

20.03.2020 - 07:26 UTC

Faced with the growing restrictions on travel and a sharp downward trend in demand, Air France-KLM has reduced its capacity "very significantly" this week, with the number of available seat kilometres (ASKs) potentially dropping by between 70% and 90%, the group revealed in a statement on March 16.

These cutbacks are currently scheduled to last two months but may be adjusted daily. As a result of the reductions, Air France will ground its entire A380-800 fleet, KLM Royal Dutch Airlines its entire...

Boeing's February 2020 order book changes revealedch-aviation PRO exclusive

19.03.2020 - 20:33 UTC

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Lufthansa proposes dividend suspension, makes evac flights

19.03.2020 - 18:23 UTC

Lufthansa Group has said it will propose to shareholders not to pay a dividend for the 2019 business year to safeguard its liquidity during the coronavirus crisis.

The group, which owns Lufthansa, Austrian Airlines, Swiss, Brussels Airlines, Eurowings, and Air Dolomiti, said after a meeting of its Executive Board on March 13 that it had prepared the annual financial statements for 2019 and had opted to propose to the Annual General Meeting, to be held on May 5, that the dividend payment should be suspended....

Korean Air parent demands investigation into rival investorsch-aviation PRO exclusive

19.03.2020 - 16:12 UTC

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Aeroflot shelves Krasnoyarsk hub opening until late 2Q

19.03.2020 - 11:50 UTC

Aeroflot (SU, Moscow Sheremetyevo) has postponed the opening of a connecting hub at Krasnoyarsk Yemelyanovo from March 29 until June, following a review of cost-cutting measures amid the travel chaos caused by the coronavirus pandemic, Kommersant reported.

“We plan to hold an official opening in June 2020,” said Aeroflot spokeswoman Yulia Spivakova. “Accordingly, changes will be made to the schedules of flights to Krasnoyarsk.”

Aeroflot initially announced its intention to create a hub in Krasnoyarsk, the...

World gov'ts begin devising airline assistance plansch-aviation PRO exclusive

19.03.2020 - 09:39 UTC

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Stobart Air parent Connect Airways in administration

18.03.2020 - 22:02 UTC

Connect Airways, parent of Stobart Air (RE, Dublin Int'l), which operates Aer Lingus Regional, and now-bankrupt flybe. (BE, Exeter), fell into administration in the UK on March 18, the Irish Independent has reported.

Administration means that the accountancy firm Ernst & Young Global Limited (EY) now controls Connect and 49% of Stobart Air, the remaining 51% of which is owned by its employees.

Connect Airways itself is owned by US firm Cyrus Equity Partners (40%), UK-listed infrastructure firm...

Canada's Jetlines executes definitive merger with GLOBALXch-aviation PRO exclusive

18.03.2020 - 20:11 UTC

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Brazil mulls tax cuts for airlines, ANAC eases slot rulesch-aviation PRO exclusive

18.03.2020 - 17:36 UTC

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Korea's Asiana Airlines lends $8mn to subsidiary Air Seoulch-aviation PRO exclusive

18.03.2020 - 15:45 UTC

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Réunion’s Air Austral schedules A220-300 debut in 1Q21ch-aviation PRO exclusive

18.03.2020 - 13:54 UTC

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Russia's Komiaviatrans grounds “unprofitable” E145 fleetch-aviation PRO exclusive

18.03.2020 - 12:03 UTC

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US airlines want $58bn, Trump signals support

18.03.2020 - 10:13 UTC

United States President Donald Trump has said his government will “back the airlines 100%”, hours after the country’s carriers appealed for USD58 billion in aid as the coronavirus wreaks havoc on travel demand.

Trump cautioned Americans to avoid discretionary travel, yet he also told reporters in the White House briefing room on March 16: “As far as the airlines are concerned, we are going to back the airlines 100%. We’re going to help them very much.”

Via the trade group Airlines for America, the...

EU bans almost all incoming travel for 30 days

18.03.2020 - 08:22 UTC

The European Union has approved further measures to contain the coronavirus outbreak, including the suspension of almost all incoming travel to the 27-member bloc for the next 30 days.

The countries’ leaders approved the measures during a video conference on March 17. The travel ban will prevent all non-EU nationals from visiting the bloc, except long-term residents, family members of EU nationals and diplomats, cross-border and healthcare workers, and people transporting goods.

“To limit the...

China's Spring Airlines to develop Sanya regional hubch-aviation PRO exclusive

17.03.2020 - 20:02 UTC

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Fastjet plc engages creditors over delayed Zimbabwe exit

17.03.2020 - 18:02 UTC

Fastjet plc, the UK-based co-parent of Fastjet Zimbabwe (FN, Harare Int'l), issued a trading update on March 12 saying it has engaged with its main creditors "who, following detailed discussions with management, have agreed to defer due dates for repayments and/or have agreed to settlement discounts to current carrying values."

Fastjet Group is in the process of divesting its shares in the Zimbabwean carrier to a consortium of investors led by Solenta Aviation Group and local Zimbabwean investors. It...

US DOT denies antitrust immunity for Hawaiian-JAL tie-up

17.03.2020 - 16:02 UTC

In its final order, the United States Department of Transportation (DOT) has tentatively approved the proposed alliance between Hawaiian Airlines (HA, Honolulu) and JAL - Japan Airlines (JL, Tokyo Haneda) but, at the same time, has denied the two carriers' request for antitrust immunity.

In the order, the DOT argues that the applicants had not "met the statutory and policy standards necessary to obtain a grant of antitrust immunity and that the airline partners could proceed readily without a grant of antitrust immunity."...

Italian gov't to re-nationalise Alitalia at cost of $663mn

17.03.2020 - 13:29 UTC

The Italian government will take full control of Alitalia (AZ, Rome Fiumicino), it said in a decree published late on March 16, amid concerns that the coronavirus pandemic may have forced it to abandon the sale of the loss-making carrier.

Local media reported that the emergency rescue plan could cost taxpayers up to EUR600 million euros (USD663 million) to re-nationalise the airline. Analysts have warned that the sum is too small, not least to handle the airline's 11,000 employees for a lengthy period....

Silver Airways in need of “immediate” federal financial aid

17.03.2020 - 08:45 UTC

Silver Airways (3M, Fort Lauderdale Int'l) has requested “critical and immediate” federal financial aid “in order for the airline to survive the most dire crisis the industry has ever faced.”

Steve Rossum, chief executive of the regional carrier serving Florida and the Caribbean, wrote a letter dated March 16 to US Treasury Secretary Steven Mnuchin, Transportation Secretary Elaine Chao, and Florida senators Marco Rubio, Rick Scott, and Debbie Wasserman-Schultz, stressing that “in order to continue providing critical air transportation in the...

FAA revokes Dallas-based Paradigm Air Operators' AOC

17.03.2020 - 07:31 UTC

The US Federal Aviation Administration (FAA) has issued an emergency order revoking the Air Operator’s Certificate (AOC) of Paradigm Air Operators (Dallas Love Field) for allegedly conducting dozens of illegal charter flights using unqualified pilots.

Federal officials grounded the charter carrier because it carried professional baseball and hockey teams, arguing in a statement dated March 11 that the company and its pilots were not authorised for this kind of commercial venture.

Under its...

Korea Development Bank to loan $326mn to LCCsch-aviation PRO exclusive

17.03.2020 - 05:55 UTC

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Wisconsin's Midwest Express Airlines ends Elite partnership

17.03.2020 - 04:19 UTC

Midwest Express Airlines (Milwaukee General Mitchell) announced that it has ended its partnership with Elite Airways (7Q, Portland Int'l Jetport), the regional operator which was planned to provide charter capacity for the virtual carrier. According to a press release issued by Midwest Express on March 9, it has filed a lawsuit against its former partner because Elite allegedly breached its agreement.

According to lawsuit papers filed in the Milwaukee County Circuit Court and seen by the Milwaukee Journal...

UAE's Etihad plans Beijing airport move in 2Q20

17.03.2020 - 02:43 UTC

Etihad Airways (EY, Abu Dhabi Int'l) has announced that, starting from May 31, it plans to move its daily Abu Dhabi-Beijing service from Beijing Capital to Beijing Daxing Int'l. The route, which is currently suspended due to the Covid-19 epidemic, will be operated using Etihad's fleet of B787-10s and will again be extended to Nagoya Chubu starting from July 1 according to the carrier's press release.

Etihad, unlike many other airlines, continues to serve Beijing, currently offering a daily...

Minnesota's Compass Airlines to close Seattle Delta base

17.03.2020 - 01:07 UTC

Compass Airlines (United States of America) is closing its base at Seattle Tacoma Int'l and laying off 197 people effective May 1, according to a report in the Seattle Times. The regional operator disclosed the redundancies in early March after it filed a notice with the state Employment Security Department.

The Minneapolis-based regional carrier flies its E175 aircraft for Delta Air Lines (DL, Atlanta Hartsfield Jackson) at the airport, however, it lost its contract with the Skyteam carrier last...