Ukrainian 737 crashes in Iran killing 176

Ukrainian 737 crashes in Iran killing 176

A Ukraine International Airlines Boeing 737-800 has crashed in Tehran, killing all 176 onboard.  The aircraft UR-PSR (MSN 38124), operating as flight PS752 bound for Kiev, took off from Imam Khomeini’s runway 29R at 06:12, but lost contact with air traffic control just six minutes later before crashing near Tehran.  Reports from the Iranian Civil Aviation Organisation point to no survivors among the 167 passengers and nine crew members. Meteorological data from Imam Khomeini airport…

Read More

Qantas chooses A350-1000 over 777X for Project Sunrise

Qantas chooses A350-1000 over 777X for Project Sunrise

Qantas has tentatively selected the Airbus A350-1000 over Boeing’s 777X for its Project Sunrise ultra-long-haul route initiative. The Australian carrier wants to be able to operate regular, non-stop commercial flights from the east coast of Australia to London and New York, and said today it would order up to a dozen aircraft. A final “go or no-go” decision is set to take place in March 2020, extended from February by Airbus to provide additional time…

Read More

Emirates announces $16bn order for 50 A350XWB

Emirates announces $16bn order for 50 A350XWB

Emirates has announced an order for 50 A350-900 aircraft with an estimated value of US$16 billion (£12.4bn) at list prices. The announcment was made on the second day of the Dubai Airshow 2019, with delivery of the first A350XWB aircraft expected in May 2023. Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the deal with Guillaume Faury, Chief Executive Officer from Airbus. This purchase agreement replaces the heads of agreement signed…

Read More

IAG acquires Air Europa in €1bn deal

IAG acquires Air Europa in €1bn deal

International Airlines Group (IAG) has announced it will buy Madrid-based Air Europa for €1 billion. The Spanish airline will be acquired by IAG subsidiary Iberia, with the group stating that the brand “will initially be retained and the company will remain as a standalone profit centre within Iberia run by Iberia CEO Luis Gallego”. IAG said that the move would transform its Madrid hub “into a true rival to Europe’s four largest hubs: Amsterdam, Frankfurt,…

Read More

Delta takes 20% stake in LATAM

Delta takes 20% stake in LATAM

Delta Air Lines will be spending $1.9 billion (£1.5bn) in LATAM Airlines Group to take a 20% in the Latin American conglomerate, it has announced. The surprise deal will give Delta a much larger presence in the region, with the new partnership serving 435 destinations worldwide and carrying more passengers between North America and Latin America than any other partnership. As part of the deal, Delta will purchase four A350 aircraft from LATAM and will…

Read More

Thomas Cook collapses following failed rescue talks

Thomas Cook collapses following failed rescue talks

Thomas Cook has filed for compulsory liquidation after last-minute negotiations on recapitalisation fell through. The UK Civil Aviation Authority (CAA) said this morning the tour operator had “ceased trading with immediate effect.” Just days ago, Thomas Cook Group said that it was in discussions to secure a £200 million standby fund on top of a previous capital injection — a £900 million rescue package from China’s Fosun Tourism Group and other lending banks and shareholders….

Read More

BALPA calls off BA strike for 27 September

BALPA calls off BA strike for 27 September

The British Airline Pilots Association (BALPA) announced today it has called off the next strike scheduled for 27 September in the ongoing dispute between British Airways and its pilots.  Last week, British Airways pilots striked for the first time in the airline’s history, walking out for two days following failed negotiations between the airline and the pilots’ union over pay.  The strikes led to the cancellation of nearly 100% of BA flights, costing the airline…

Read More

British Airways cancels nearly 100% of flights as pilots go on strike

British Airways cancels nearly 100% of flights as pilots go on strike

British Airways has cancelled nearly all of its flights today as pilot union BALPA began a two-day walkover over pay. “Unfortunately, with no detail from BALPA on which pilots would strike, we had no way of predicting how many would come to work, or which aircraft they are qualified to fly, so we had no option but to cancel nearly 100% our flights,” British Airways said in a statement this morning. The strike comes as…

Read More

China’s Fosun Tourism Group to acquire 75% of Thomas Cook

China’s Fosun Tourism Group to acquire 75% of Thomas Cook

Thomas Cook has agreed to a rescue deal with China’s Fosun Tourism Group, its banks, and a majority of its bondholders worth £900m, the group confirmed. The deal will see Fosun, which already owns 18% of the Thomas Cook Group, acquire 75% of the tour operator business and 25% of the airlines unit in return for a £450m capital injection. Meanwhile, Thomas Cook’s lending banks and bondholders will contribute a further £450m for 75% of…

Read More

Boeing announces $3bn losses amid 737 MAX crisis

Boeing announces $3bn losses amid 737 MAX crisis

Yesterday, Boeing posted the largest loss in its history, with the American manufacturer losing an adjusted $3.7bn (£2.96bn) in the second quarter ending June. The loss comes as the 737 MAX approaches its fifth month of worldwide grounding, following two crashes which killed hundreds of people, the cause of both being attributed to the MAX’s MCAS anti-stalling software. The earnings call highlighted the impact to Boeing of the MAX grounding, as the company reported losses…

Read More
1 2 3 6