Malaysian Airlines (MAS) is to lay off just over 30 percent of its workforce in a restructuring that will see it brought under the full ownership of state-backed sovereign wealth fund Kazanah Nasional Berhad.
Air Transport and Cargo
News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Announcing a record statutory after-tax loss of A$2.8 billion ($2.6 billion) on August 28, Qantas chief executive Alan Joyce said that the Australian flag carrier has “come through the worst” as it navigates an aggressive cost-cutting program announced in February 2014.
Launch customer Qatar Airways released photos of the first Airbus A350-900 it expects to receive this year, freshly painted at the manufacturer’s assembly plant in Toulouse, France. The airline has ordered 80 of the new widebodies: 43 A350-900s and 37 -1000s.
Singapore-based aircraft leasing company BOC Aviation said it was responding to Asian airline customers that are expanding or replacing their older aircraft by placing its largest-ever order with Boeing.
Major U.S. airlines reported $3.8 billion in net profit for the first half of the year, up from the $1.6 billion they reported during the same period last year, according to Airlines for America (A4A). A 6-percent increase in operating revenues drove the year-over-year improvement, the trade group said.
Almost eight years have passed since the Airbus A380 widebody completed certification and entered service. Airbus engineers continue to handle multiple product development tasks for in-service types, and the very first A380 prototype continues to support their efforts with frequent flight testing.
Change is afoot in the European regional airline sector, it would seem. Gone are the days of the “us and them,” with the regionals on one side, the major airlines on another and the low-cost carriers playing the role of bad-boy upstarts.
Under threat of another volcano erupting in Iceland, Eurocontrol said it is better prepared to deal with air travel disruptions caused by volcanic ash than it was in 2010 when the Eyjafjallajökull eruption grounded flights across Europe.
The Federal Aviation Administration issued a new Notice To Airmen (Notam) on Tuesday prohibiting U.S. operators from flying in the Damascus Flight Information Region (FIR), which covers all of Syria.
Even though sanctions imposed over Moscow’s alleged involvement in the conflict in eastern Ukraine appear not to immediately threaten airliner sales in Russia, the inclusion of certain Kremlin-controlled financial institutions and airlines on so-called “black lists” appears likely to alarm potential investors