HNA Group is on the point of being taken over by the Chinese government and dismantled according to reports. The coronavirus outbreak in the country has hit the conglomerate’s ability to meet financial obligations, leaving it vulnerable to default.
London Luton Airport has submitted a response to the East Midlands Railway consultation on their proposed December timetable. The document welcomes the operator’s proposal to introduce a Luton Airport Express service.
Atlantic Airways has announced it will be launching a new direct flight from London Gatwick to Vágar Airport in the Faroe Islands from June 23rd.
Over 200,000 flights have now been cancelled or proactively removed from schedules to, from and within China due to coronavirus, according to Cirium.
Air France-KLM has reported a 31 per cent drop in net profit, to €290 million, for 2019. The news comes on the back of a falloff in freight and rising fuel bills.
The International Air Transport Association has released its initial assessment of the impact of the COVID-19 and finds that passenger demand for carriers in the Asia-Pacific region could fall by as much as 13 per cent.
The second Air India long-haul route from London Stansted took to the skies earlier with the launch of a new three-times a week service to Mumbai. The city is considered the financial and entertainment capital of India.
Brussels Airlines has launched year-round flights to and from Washington, DC, to Brussels, Belgium. The new service increases the air carrier’s capacity on this important route from a seasonal flight to year-round offering.
Heathrow has announced it will seek to become one of the first major aviation hubs in the world to go carbon neutral for its infrastructure. The airport hopes to target zero carbon emissions by the mid-2030s.
At the same time, Qantas said it continued to deliver strong earnings in a mixed market, with an underlying profit before tax of $771 million for the first half of the year.
Embraer delivered a total of 198 jets in 2019, of which 89 were commercial aircraft and 109 were executive jets. The figure represents an increase of nine per cent when compared to 2018, when the company delivered a total of 181 jets.
Swiss International Air Lines has taken delivery of its first A320neo aircraft at a ceremony in Hamburg, Germany. It is the first of 25 A320neo planes ordered by the carrier.