easyJet posts wider-than-expected headline fiscal 2021 pre-tax loss


easyJet Plc (easyJet) has posted a wider-than-expected headline loss for the fiscal year 2021 which the low-cost carrier has put down to the continued disruptive effect of the COVID-19 pandemic. The Luton, UK-based airline flew 58% fewer passengers compared to the prior-year period at 20.4 million. Total revenue declined by 52% which easyJet attributed to the first half of the prior-year period being relatively unaffected by the pandemic, though the company remains optimistic that it will reach pre-pandemic capacity by 2023. For the year ending September 30, 2021, headline loss before tax widened to £1.14 billion from a loss of Read more

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MENA Cargo Airlines awards ULD supply and management to Unilode

©MENA Cargo

MENA Cargo Airlines, a dedicated full-service cargo airline of Bahrain-based MENA Aerospace Enterprises, has signed a five-year unit load device (ULD) supply, management and repair agreement with Unilode Aviation Solutions, a market leader in outsourced ULD management and repair services. MENA Cargo is in the midst of securing a fleet of dedicated and converted freighters as part of its expansion plans. Under the new agreement, Unilode will supply digital containers and pallets from its shared ULD pool to MENA Cargo’s scheduled cargo flights and ad-hoc charters and provide repairs at the airline’s hub and other destinations. Peter Hewett, General Manager Read more

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Keiron Mc Neill joins RAS completions and interiors as Managing Director

Keiron Mc Neill

RAS aircraft completions and interiors – a subsidiary of JETMS and a family member of the Avia Solutions Group, has appointed Keiron Mc Neill as the company’s Managing Director. Mc Neill arrives at RAS from his previous role as Chief Technical Officer for Loganair in the UK market. At Loganair he was a member of the airline’s leadership team charged with responsibility for the technical introduction of the Embraer 135/145 fleet along with the ATR 42/72 into the airline’s resources. Mc Neill brings with him extensive experience gained with regional and international airlines, VVIP operations, the aviation resource industries in Read more

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AJW Group purchases A320 CFM56 engine for teardown

AJW Group, an independent aircraft component parts, repair and supply chain solutions provider has announced the purchase of a CFM56-5B engine for teardown to support its expanding engine inventory and engine management programmes. The associated high-quality engine parts will be stored at AJW Groups global facilities to support the needs of worldwide A320 family operators. Customers will benefit from access to AJW’s pool of high-quality spare parts to support their ongoing operations.

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Passenger numbers at Prague Airport increase by 213% during 2021 summer schedule

©Prague Airport Terminal 2

During the 2021 summer operational season, Prague Airport handled over three-million passengers, representing a year-on-year increase of 213%. The offer of connections comprised a total of 123 destinations, operated by 51 air carriers. Over a third of passengers used the services of Smartwings airlines. Air Navigation Services of the Czech Republic, a state-owned enterprise, provided its services to a total of 291,393 flights in the Czech airspace during the 2021 summer season, representing a 51% year-on-year growth.    Last summer, most passengers headed to Amsterdam. The first choice of traditional holiday retreats was Hurghada; the most popular country became Greece, Read more

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Flying Colours inks sales and installation agreement with SmartSky

©Flying Colours Corp. to install SmartSky equipment in the USA and Canada

Flying Colours Corp., the international MRO and completions company, has signed an agreement with North Carolina-based SmartSky Networks to act as a sales and installation facility for SmartSky’s air-to-ground connectivity equipment.  Sales and installation of the advanced antennas and aircraft base radio will be available through Flying Colours Corp.’ Peterborough, ON. and St. Louis, MO. locations. The continued strengthening of the business aviation sector is driving greater use of connected services for avionics, aircraft health monitoring and cabin WiFi. This is increasing the demand for inflight connectivity that is dependable, immediate and secure, and necessitating a wider variety of options Read more

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Atlas Air extends long-term agreement with DB Schenker

Atlas Air ©AirTeamImages

Atlas Air has extended its partnership with Schenker Flight Services GmbH (DB Schenker), one of the world’s largest integrated logistics service providers, to provide transpacific service. Atlas Air’s relationship with DB Schenker includes supporting its global network by providing charter capacity service. The new arrangement builds on an agreement Atlas Air reached with DB Schenker in 2020, and extends the dedicated capacity, which Atlas Air provides on multiple flights every week. Björn Eckbauer, Senior Vice President, Global Operations and Procurement Airfreight for DB Schenker, said that the flights Atlas Air provides have become an essential part of its global flight network. “We Read more

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Accelya promotes Jim Davidson to President and Chief Strategy Officer

Accelya, a leading provider of technology solutions to the global airline and travel industry, has announced the promotion of Chief Product Officer Jim Davidson to President and Chief Strategy Officer. Additionally, John Johnston will be stepping down as CEO and transition to the role of Special Advisor, with Davidson immediately assuming day-to-day operational oversight of Accelya during the company’s search for its next CEO. Davidson was CEO of Farelogix for more than 15 years prior to its acquisition by Accelya and brings with him extensive experience and a track record of innovation and customer-centric strategies. At Farelogix, Davidson oversaw the Read more

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Embraer and Pratt & Whitney partner on 100% SAF flight demonstration programme

©Embraer and P&W to collaborate on a 100% SAF flight test plan on a GTF-powered E195-E2 aircraft

Embraer has signed a memorandum of understanding with Pratt & Whitney to collaborate on studies of 100% Sustainable Aviation Fuel (SAF). Technical teams from the two companies will engage to define an integrated ground and flight test plan for 100% SAF in a GTF-powered Embraer E195-E2 aircraft. The initiative reflects Embraer´s and Pratt & Whitney’s shared commitment to supporting the aviation industry’s ambitious environmental goals, including the goal of reaching net zero CO2 emissions for air travel by 2050. Alongside efforts to continually improve aircraft and engine efficiency, SAFs have a critical role to play towards decarbonising air travel, by Read more

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Double blow for LATAM as shares plummet 85% and Azul withdraws bid citing valuation concerns

LATAM ©AirTeamImages

Santiago, Chile-based LATAM Airlines Group S.A. (LATAM), South America’s largest air transportation group, saw its Chilean stock exchange share value plummet by 85% on Friday on the announcement of a restructuring programme that would see shares heavily diluted, though this loss was pared back to 45% by the close of trading. The Group was proposing a US$8.19 billion injection of capital in an effort to exit from Chapter 11 bankruptcy. The proposal included a mix of new equity, convertible notes and debt, while LATAM also intends to launch an US$800 million equity rights offering to shareholders once the restructuring plan Read more

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