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Carriers deploy passenger aircraft as freighters 30MAR-05APRch-aviation PRO exclusive

31.03.2020 - 19:55 UTC
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South Korean regulator lifts sanctions on Jin Air

31.03.2020 - 17:46 UTC
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South Korea's Ministry of Land, Infrastructure, and Transport (MOLIT) cited improved corporate governance at Jin Air (LJ, Jeju) for lifting a ban on the LCC offering new routes, it said in a statement on March 31. It has also allowed the carrier to register new aircraft and provide unscheduled flights.

However, the move is unlikely to give any immediate relief to Jin Air, which has already suspended all of its international routes amid the coronavirus crisis.

As previously reported, the Korean Air...

“Significant doubt” on Garuda Indonesia going concern statusch-aviation PRO exclusive

31.03.2020 - 15:41 UTC
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South America suspensions, country closures 30MAR-05APRch-aviation PRO exclusive

31.03.2020 - 13:44 UTC
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Qatar Airways takes final delivery of outfitted B787-9s

31.03.2020 - 13:39 UTC
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Qatar Airways (QR, Doha Hamad Int'l) took final delivery of its first B787-9s, A7-BHC (msn 64210) and A7-BHD (msn 64216), on March 23, followed by A7-BHE (msn 64218) and A7-BHF (msn 64209) on March 28. Skyliner Aviation said the four jets were ferried directly from Victorville, California to Doha Hamad Int'l.

Boeing (BOE, Chicago O'Hare) delivered seven B787-9s to Qatar Airways in late December 2019. The aircraft, which were completed by the manufacturer but did not have cabin interiors installed, were ferried from...

Sun Country Airlines adds first B737 freighter

31.03.2020 - 12:39 UTC
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Sun Country Airlines (SY, Minneapolis/St. Paul) has taken delivery of the first B737-800 freighter which will be deployed into service on behalf of Amazon.com, Cargo Facts has reported.

N547RL (msn 32348), an 18.6-year-old narrowbody previously operated in passenger configuration by Pegasus Airlines (PC, Istanbul Sabiha Gökcen) and owned by GECAS, was ferried after conversion from Shanghai Pudong via Phnom Penh, Saipan and Honolulu to Everett over the course of March 22-23, 2020, Flightradar24 ADS-B data...

Alaska's Pacific Airways closes shop

31.03.2020 - 11:39 UTC
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Pacific Airways (3F, Ketchikan Int'l) has decided to end operations and shut down due to the combined impact of growing insurance premiums caused by last year's crash as well as the COVID-19 pandemic, local radio KRBD has reported.

"We decided at the end of February that given the potential disaster that this virus outbreak was going to cause, we decided that we weren't going to continue," owner and President Steve Montanus said.

The carrier operated a fleet of DHC-2 seaplanes, flying scheduled...

US airlines mull route consolidation

31.03.2020 - 10:39 UTC
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US carrier executives are expected to meet with the Department of Transportation (DOT) to discuss a possible consolidation of routes in order to cut losses across the sector, CNBC has reported.

The US government has already approved a USD50 billion aid package for the airlines, mandating them to retain employment for six months and maintaining flights wherever feasible. However, given a decrease in demand, many routes are not sustainable for competing airlines, although they could be if operated by only one of them....

British Airways to move Malé route to Heathrow in 4Q20ch-aviation PRO exclusive

31.03.2020 - 08:39 UTC
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Airports in China's Hebei Province reopen

31.03.2020 - 07:39 UTC
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Over two months after the start of the province's complete lockdown, Chinese authorities have reopened all airports in Hubei except Wuhan for domestic services. The province's main gateway is due to reopen on April 8.

Xinhua news agency said the first service to depart from the province was Fuzhou Airlines (FU, Fuzhou) flight FU6779 from Yichang to Fuzhou. It was operated with B737-800 B-7395 (msn 43663) on March 29, 2020, Flightadar24 ADS-B data shows. The aircraft was earlier ferried to Yichang without...

Singapore Airlines secures up to $13.3bn in funding

31.03.2020 - 06:39 UTC
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Singapore Airlines (SQ, Singapore Changi) has secured up to SGD19 billion Singapore dollars (USD13.3 billion) in funding to help it cope with the coronavirus crisis and “be in a position of strength to grow” afterwards, it said in a statement dated March 26.

Singapore Airlines' majority shareholder, state-owned Temasek Holdings, said it would underwrite the sale of shares and convertible bonds for up to SGD15 billion (USD10.5 billion), while Singapore's biggest bank, DBS Group, provided a SGD4 billion (USD2.8 billion) bridge loan...

South Korea's Jin Air secures $24.5mn in financingch-aviation PRO exclusive

31.03.2020 - 05:39 UTC
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American Airlines draws down $1bn term loan

31.03.2020 - 04:39 UTC
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American Airlines (AA, Dallas/Fort Worth) has drawn down on USD1 billion in term loans under its existing senior secured delayed draw term loan credit facility, originally entered into on March 18, the company said in a stock exchange filing dated March 25.

American Airlines Group entered into a credit agreement on March 18 with Citibank as administrative agent, and with Bank of America NA, Goldman Sachs, and JP Morgan Chase Bank as joint lead arrangers and syndication agents. Term loans under the facility...

United Airlines borrows full $500mn Goldman Sachs term loan

31.03.2020 - 03:39 UTC
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United Airlines (UA, Chicago O'Hare) has opted to borrow the full amount under a USD500 million one-year secured-term loan it arranged on March 20 with the Goldman Sachs investment bank.

United borrowed the amount in two separate disbursements on March 23 and March 24, it confirmed in a stock exchange filing on March 26, adding that “the proceeds of the term loan were used to pay certain transaction fees and expenses, and for working capital and other general corporate purposes of the company.”

...

Japan's StarFlyer to borrow $38mn, cuts int'l opsch-aviation PRO exclusive

31.03.2020 - 02:39 UTC
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USAerospace indicates interest in Alitaliach-aviation PRO exclusive

31.03.2020 - 01:39 UTC
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Air Canada-Transat deal to harm competition, regulator warns

31.03.2020 - 00:39 UTC
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The Canadian Competition Bureau issued a report on March 27 warning that the proposed sale of Transat A.T. Inc., the parent firm of Air Transat (TS, Montréal Trudeau), to Air Canada (AC, Montréal Trudeau) would probably result in a substantial reduction or prevention of competition in the sale of air travel and holiday packages.

Eliminating the rivalry between Air Canada and Air Transat in the CAD720 million (USD508 million) deal “would result in increased prices, less choice, decreases in service, and a significant...

Air Italy administrators review EOIs

30.03.2020 - 23:39 UTC
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Air Italy (IG, Milan Malpensa) has received expressions of interest for its assets and activities, it acknowledged in a brief statement on its website on March 26, adding that its administrators would now review them.

"Following the notice published on March 19 which specified the deadline for the submissions of offers to be 1800L on March 25, Air Italy announces that it has now received several expressions of interest. Liquidators will now proceed with examining the bids and will assess them according to the relevant requirements," it said....

Greece's Aegean Airlines schedules A321neo debut for 4Q20ch-aviation PRO exclusive

30.03.2020 - 22:39 UTC
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Canada's Nolinor Aviation secures first B737-400sch-aviation PRO exclusive

30.03.2020 - 21:39 UTC
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Italy's Poste Air Cargo wet-leases a BAe 146ch-aviation PRO exclusive

30.03.2020 - 19:42 UTC
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Switzerland's flyBAIR defers launch to early 3Q20ch-aviation PRO exclusive

30.03.2020 - 18:45 UTC
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Victory for chairman of Korean Air parent - for now

30.03.2020 - 17:47 UTC
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Cho Won-tae will stay in position as chairman of Korean Air (KE, Seoul Incheon) parent Hanjin KAL following a crucial boardroom vote on March 27, fending off a challenge from older sister Cho Hyun-ah and activist fund Korea Corporate Governance Improvement (KCGI) to replace him, local media reported.

In this victory for the status quo at the conglomerate, about 56.67% of Hanjin KAL's shareholders represented at the annual general meeting (AGM) voted for Cho Won-tae, 44, to continue in his role. A minority backed Kim Shin-bae,...

Siberian investigators probe Polar Airlines exec over graftch-aviation PRO exclusive

30.03.2020 - 16:50 UTC
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PGL demands German state backing to buy Condor - reportch-aviation PRO exclusive

30.03.2020 - 15:52 UTC
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