Month: January 2021

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EasyJet operating 10% capacity but eyes chances to pounce

EasyJet expects to operate only around 10% of its capacity during the first quarter of the calendar year as travel restrictions tighten, but believes it can quickly capitalise on opportunities at key airports where rivals have retrenched. In a trading...

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IATA warns that paper tests for Covid-19 are open to fraud

IATA is urging governments to embrace digital platforms for Covid-19 testing as it warns that paper-based tests are vulnerable to fraudulent results. IATA is urging governments to embrace digital platforms for Covid-19 testing as it warns that paper-based tests are...

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Thai granted final extension to submit rehabilitation plan

Thai Airways International’s submission of its rehabilitation plan is being delayed a second time after it won approval to submit the plan an additional month later. Thai Airways International’s submission of its rehabilitation plan is being delayed a second time...

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Wizz Air optimistic that 2021 will be ‘transition’ year

Central European budget carrier Wizz Air is expecting travel limitations to continue impacting capacity levels over much of the its fiscal fourth quarter – the three months from January to March – but adds that 2021 will be a “year...

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Airbus, RAAF to support A330 MRTT boom through data partnership

Airbus Defence & Space has secured a contract from the Royal Australian Air Force (RAAF) to use data analytics to better support the air refuelling boom system used by the service’s A330 multi-role tanker transports. Airbus Defence & Space has...

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Cathay Pacific to raise $869m from convertible bonds due 2026

Cathay Pacific is issuing HK$6.74 billion ($869 million), 2.75% guaranteed convertible bonds due 2026. Cathay Pacific is issuing HK$6.74 billion ($869 million), 2.75% guaranteed convertible bonds due 2026. Details of the bonds were disclosed in a 28 January filing to...

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​Air New Zealand backs Wellington’s biofuel mandate

Flag carrier Air New Zealand is backing the government’s in-principle decision to implement a biofuels mandate aimed at reducing carbon emissions in the transport sector, as part of the country’s goal to reach net-zero carbon emissions by 2050. Flag carrier...

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Boeing KC-46A losses exceed $1.3bn in 2020, biggest annual loss yet

Despite assurances last fall from Boeing’s chief executive that the KC-46A Pegasus in-flight refuelling tanker programme had turned a corner, the aircraft piled another $275 million loss on the company in the fourth quarter of 2020. Despite assurances last fall from Boeing’s...

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Boeing CEO hints ‘mid-market’ aircraft remains on the table

Boeing’s chief executive has hinted that the company might still develop an aircraft similar to the conceptual jet known as the “New Mid-market Airplane”. Boeing’s chief executive has hinted that the company might still develop an aircraft similar to the...

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Boeing warns of 787 forward loss charge

Boeing may need to take a forward loss on its 787 programme if it must further trim production or if long-term demand dries up. Boeing may need to take a forward loss on its 787 programme if it must further...

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