Credit package for Asiana Airlines
April 23, 2019
Asiana Airlines appears set to receive a liquidity booster of $1.4 billion from creditors, led by state-run Korea Development Bank (KDB). Korea’s Ministry of Economy and Finance confirms that creditors plan to buy W500 billion in Asiana perpetual bonds, and extend the embattled carrier a KRW800 billion credit line. The funding plan appears to be at a preliminary stage. It is unclear where the additional W300 billion will come from.
American A321 suffers ‘un-commanded’ roll during takeoff
April 18, 2019
An Airbus A321 of American Airlines experienced what a pilot called an “un-commanded” roll and struck runway equipment during takeoff on 10 April at New York's John F Kennedy Airport.
The aircraft departed from the airport at 20:40 local time, headed for Los Angeles as American flight 300.“When we departed… strong roll to the left… as we climbed out,” the pilot told air traffic controllers shortly after takeoff, according to an audio recording from LiveATC.net. “We were banking… Uncontrolled bank 45° to the left.”
“Turbulence from another aircraft?” the pilot adds. “I don’t think so. There’s a good crosswind, but we had an un-commanded roll to the left as we rotated.” The pilot also tells controllers that the aircraft was at that point “flying great”, and he requests clearance to return to JFK, where the A321 landed without incident at 21:09. The US Federal Aviation Administration is investigating, it says. “The pilot reported that the Airbus A321 may have collided with an object during departure earlier in the evening,” the FAA said “After the aircraft landed, workers discovered damage to the left wing, possibly caused by striking a runway sign and airport light.”
India's Jet Airways suspends operations
April 18, 2019
Jet Airways is suspending flight operations after failing to secure emergency funding to continue operations.
The carrier confirms that it has cancelled all domestic and international flights after today as per an update in the Indian stock market. It says it took the decision after being informed by the State Bank of India that its consortium of lenders had turned down a request for "critical interim funding". Without such funding, it is not able to pay for the fuel or "critical services" required to sustain operations the airline adds.J et Airways says that it will now "await" the bid process that SBI and its lenders are pursuing in an effort to find new shareholders. This will conclude on the 10th of May.