October 28th

More articles from the category

October 28th

Chrono Group under receivership: Canadian aviation group in financial difficulties

Chrono Group, a major provider of charter flights and air freight in Canada, has been placed under receivership. This decision, made on October 18, 2024 by the Quebec Superior Court, reflects the company's increasing financial difficulties. Citing the Companies' Creditors Arrangement Act, the court appointed Deloitte as the group's administrator, which was no longer able to meet its obligations to creditors due to ongoing financial strains. The decision has far-reaching consequences for Chrono Group and its creditors and represents a turning point for the Canadian aviation company, which was previously considered an integral part of the Canadian charter and freight market. Causes of the financial crisis: litigation and market conditions There are several factors behind Chrono Group's problems. Of particular importance is an ongoing legal dispute with Canadian competitor Nolinor Aviation. The legal dispute revolves around lucrative contracts to supply remote iron mines in northern Canada. These mines, which are located in areas that are difficult to access, are of strategic importance to the Chrono Group and also to Nolinor, as the supply of these mines represents a stable and reliable source of income. The conflict and the associated uncertainties have so far made it impossible for the Chrono Group to secure the additional financial resources it needs. The financing problem is a serious obstacle, especially for a charter company such as Chrono Aviation, as the capital structure of an aviation company is heavily dependent on predictable income in order to maintain an extensive and costly fleet. According to the latest reports, the Chrono Group has a fleet of 14 aircraft. This fleet includes both smaller aircraft, such as

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Del Papa: Italian fine dining in the heart of Almaty

Right in the center of Almaty, on Kabanbay Batyr St 83, an Italian restaurant awaits its guests. As soon as you enter the restaurant, you notice that you are not only in a very attractively designed restaurant, but that you are also being looked after by the service-oriented staff, as you are greeted right at the entrance. Until 1997, Almaty was the capital of the then newly independent Kazakhstan. For various reasons, it was decided that Astana would be the capital of the ninth largest state in the world. Almaty is still a very important city and is considered the cultural center of Kazakhstan. It is therefore not surprising that there is also top international gastronomy here. Friendly staff in a beautifully designed restaurant Top gastronomy should not always be understood in terms of the number of stars or toques, but rather what the operator serves and offers. The Del Papa in Almaty is right at the top, as both the beautifully designed restaurant and the quality of the food and drinks score points. In terms of price, the food is in the upper middle class for local standards. For Europeans, this means that you get very good value for money. In Almaty, wages are significantly higher than in the rest of the huge country, which is why prices in restaurants tend to be considerably higher than, for example, in the countryside, where income levels are not particularly good compared to Europe. The atmosphere in Del Papa is very cozy and could be described as a somewhat rustic restaurant. However, one could criticize the fact that there are some

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Air India implements new HR policies: Changes to hotel accommodation

The Indian airline Air India is currently making headlines with new guidelines for the accommodation of its cabin crew during stopovers. In a comprehensive reorganization of its personnel policy, the company has decided that flight attendants on regular flights will have to share their hotel rooms in the future, a measure that initially caused considerable backlash among the staff. Despite the resistance, however, management decided to keep the measure with a few changes in order to reduce operating costs and create uniform standards with the upcoming merger with Vistara. New accommodation policy for flight attendants Air India introduced the original rule that flight attendants must share their hotel rooms during stopovers as a cost-effective measure. The reaction from employees was cautious to critical. Cabin crew in particular expressed concerns about rest times and possible conflicts that could arise from shared accommodation. Employee representatives argued that the rule could affect not only the well-being but also the performance of the crew, especially after long flights or delayed landings. Following the internal protests, Air India has now reacted with a slight modification: flight attendants on ultra-long-haul flights, which are particularly physically and mentally demanding, will now receive separate hotel rooms. Cabin managers, who usually have over eight years of experience and are therefore higher up in the hierarchy, are also allowed to continue using single rooms. These new regulations apply from December 1st and also include unplanned stopovers, for example in the case of a flight diversion where accommodation must be organized at short notice. Economic background of the measures In addition to the new room policy, Air India has also increased the overnight flat rates for international staff. These were

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Aer Lingus: Passenger limit at Dublin Airport complicates operations

Irish airline Aer Lingus continues to face major operational challenges as an increase in the passenger cap at Dublin Airport (DUB) is not foreseeable any time soon. This restriction is forcing the airline to adjust its fleet and routes and could even lead to the grounding of an Airbus A330. These developments follow a protracted dispute between airlines and the relevant Irish authorities over the strict limitation of passenger capacity at Ireland's main airport. Background to the passenger cap The restrictions at Dublin Airport date back to a decision made in 2007 when Ireland's An Bord Pleanála, the government planning authority, set a capacity limit for the newly developed Terminal 2. Together with Terminal 1, the airport is limited to a total passenger number of 32 million per year. This regulation is intended to prevent the airport from exceeding the acceptable capacity limit for the surrounding Greater Dublin area. Despite steadily increasing demand, these restrictions have caused increasing tensions in recent years, with airlines and industry associations such as Ryanair and the US airline lobby group Airlines for America (A4A) pushing for the rule to be relaxed. Consequences for Aer Lingus and the fleet Aer Lingus is one of the airlines directly affected by the restrictions. The Irish airline is forced to reduce its flight connections and possibly ground one of its Airbus A330 aircraft, as the passenger cap severely limits the need for unrestricted use of these aircraft. In a recent video message, Aer Lingus CEO Lynne Embleton told employees that the airline is adjusting its

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Qatar Airways plane damaged: Dreamliner falls into manhole on runway

A Qatar Airways Boeing 787-8 Dreamliner was severely damaged after landing at Hamad International Airport in Doha when one of its main landing gear legs struck a collapsed manhole cover. This incident, which occurred on October 25, 2024 after a regular flight from Colombo, Sri Lanka, to Doha, resulted in significant damage to the right main landing gear as well as to the right engine cowling, which made contact with the ground on the tarmac. Fortunately, all passengers were uninjured and were able to exit the aircraft safely. The responsible authorities have since launched an investigation to determine the cause of the accident. However, the incident raises questions about the infrastructure and safety at one of the most modern airports in the world. The incident: Unusual damage on the tarmac Flight QR663 took off from Colombo at 3:30 a.m. local time and arrived at Hamad International Airport at 5:23 a.m. local time after about four and a half hours of flight time. The Boeing 787-8, registration A7-BCV, a nine-year-old Dreamliner, was taxiing onto the tarmac after landing when the right main landing gear fell into a collapsed manhole cover. According to reports, the front two wheels of the four-section main landing gear sank almost completely, causing a significant tilt of the right side of the aircraft and causing the right engine to make contact with the ground. A Qatar Airways spokesperson stated: "On October 25, the right landing gear of a Qatar Airways aircraft struck a ground structure while taxiing at Hamad International Airport, causing the right engine to make contact with the ground. No injuries were reported and all passengers on board were evacuated safely.

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Boeing's financing offensive: A lifeline in turbulent times?

In a move to ensure its financial stability, US aircraft manufacturer Boeing announced an issue of 90 million common shares and $5 billion in depositary shares. With this capital measure, Boeing is responding to an ongoing financial crisis that is made up of several factors. The company plans to use the proceeds from these share sales to pay off debt, improve working capital, make capital investments and strengthen its subsidiaries. Boeing is granting the participating underwriters an option to purchase an additional 13,5 million common shares and $750 million in depositary shares to cover possible over-allotments. The total volume could therefore increase significantly again. This is part of a broader strategy that Boeing announced in mid-October 2024 to raise up to $35 billion in funds. Another application to raise $25 billion through the sale of shares and bonds was also approved by the US Securities and Exchange Commission. Financial difficulties and strategic moves Boeing, known worldwide for its commercial aircraft and aerospace technology, has been struggling with serious problems in recent years. The challenges began with the 737 MAX crisis, the consequences of which are still being felt today. The pandemic exacerbated the situation as demand for air travel collapsed, hitting Boeing's production lines and order situation hard. Added to this were rising raw material prices, the supply chain crisis and, most recently, a six-week strike that significantly affected production. On October 23, 2024, the International Association of Machinists and Aerospace Workers (IAM) Local 751 union, which represents over 33.000 members at Boeing, rejected the company's current contract proposal -

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Air Serbia suspends ticket sales for Tianjin flights

The Serbian airline Air Serbia has stopped ticket sales for its route between Belgrade and the Chinese city of Tianjin from November 5, as reported by the portal Ex-Yu Aviation. The airline has reportedly already informed the affected passengers. According to information from internal sources, personnel problems are the reason for the temporary suspension of ticket sales. It is currently uncertain whether and when flights to Tianjin will be available again. At the same time, Air Serbia is continuing to expand into China: the airline has recently started offering two weekly flights to Guangzhou and is planning two more weekly flights to Shanghai from January 11, which underlines the strategic importance of the Chinese market for Air Serbia.

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Tarom postpones departure from Airbus A318 to end of November 2024

The Romanian airline Tarom had originally planned to take its last Airbus A318 out of service on the route from Istanbul to Bucharest on October 26, 2024. However, according to the specialist portal Boardingpass, the aircraft with the registration YR-ASA will now remain in service until November 22, 2024. The Airbus A318 will be used primarily for domestic flights, but also occasionally on international routes such as to Amsterdam, Athens, Istanbul, Rome, Frankfurt, Paris, Prague and Budapest. Tarom plans to sell the remaining four Airbus A318s to a British recycling company after their final end of service. The delay may be due to the logistical change in the airline's fleet renewal that is associated with the sale of these aircraft.

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Bremen Airport starts winter flight schedule 2024/25 with new destinations

The 2024/25 winter flight schedule is now in effect at Bremen Airport and is valid until March 30, 2025. During this period, twelve airlines will connect the Hanseatic city with three national and 17 international destinations. Two new destinations are particularly noteworthy: In addition to Vienna, the Asian side of Istanbul will also be served. Austrian Airlines offers flights to the Austrian capital, while Pegasus Airlines serves Sabiha Gökçan Airport in Istanbul. The number of weekly connections to international hubs will also be increased. Turkish Airlines now offers ten weekly flights to Istanbul Havalimanı Airport, instead of the previous seven. KLM also plans to increase the frequency and offer an additional flight to Amsterdam every day. Dr. Marc Cezanne, Managing Director of Bremen Airport, emphasizes that these adjustments will strengthen the offer for the entire northwest region. For travelers who want to soak up the sun in winter, there are numerous offers to warm destinations. Ryanair flies to Lanzarote on Sundays, while Sundair flies to Gran Canaria on Wednesdays and Saturdays and Tenerife on Thursdays and Sundays. Fuerteventura is now served on Fridays as well as Mondays.

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10 years: Budapest Airport and Emirates celebrate anniversary

Budapest Airport, operated by Vinci Airports, is celebrating ten years of its partnership with Emirates, which plays a crucial role in connecting Hungary to Dubai and beyond. Since the first Emirates flight in 2014, the airline has carried more than 1,5 million passengers between Budapest and Dubai and operated over 7.000 round-trip flights. These flights have not only given Hungarian travellers access to the dynamic metropolis of Dubai, but also to numerous international destinations such as the Maldives, Bangkok and Australia. In addition, Emirates SkyCargo has transported over 77.584 tonnes of cargo, strengthening Budapest's position as a logistics hub and supporting the country's economy. Máté Ritter, Head of Airline Development at Budapest Airport, highlights that the partnership has not only improved connectivity, but also helped promote tourism, trade and employment. Emirates currently employs 296 Hungarian nationals, including 211 cabin crew members and 8 pilots, demonstrating the airline's global capabilities. Looking to the future, Budapest and Emirates are committed to continuing to deliver exceptional travel experiences and supporting the growth of the aviation industry in the region.

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