All articles by Cirium – Page 15
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NewsNew aircraft deals hint at tenuous recovery: Air Lease
Airlines have begun making new deals for aircraft or reactivating purchase options to increase fleet capacity amid optimism that vaccination could begin a recovery in air travel, Air Lease executives opined.
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NewsAsian Development Bank extends $65m liquidity to Fiji Airways
Fiji Airways has secured a $65 million liquidity support facility from the Asian Development Bank (ADB).
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NewsCALC’s 2020 operating profit steady as fundamentals ‘unscathed’
China Aircraft Leasing reported steady operating profit and revenues in 2020, as the key fundamentals supporting its operations for the long term “remain unscathed”, despite a massive hit to its bottom line.
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NewsAVIC cabin arm targets long-range narrowbodies
AVIC Cabin Systems has disclosed product developments at four of its divisions to address new demand in the single-aisle market, especially on longer routes.
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NewsVirgin Atlantic to receive further shareholder funding
Virgin Atlantic has agreed a further £160 million ($223 million) package of loans and payment deferrals, the majority of which will come from founder Richard Branson’s Virgin Group, as the UK carrier awaits a return to flying later in the year.
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NewsAsia-Pacific has largest share of full border closures by region
Asia-Pacific has the biggest proportion of total border closures compared to other regions, reflecting local governments’ relative caution that has curbed confirmed Covid-19 case numbers but heavily impacted air traffic recovery.
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NewsJet2 to receive £200 million UK government loan
Jet2 is to access a loan of £200 million ($278 million) from the UK government’s Covid Corporate Financing Facility (CCFF).
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NewsSingapore and Australia plan travel bubble
Singapore is looking to re-establish air connectivity with Australia, and this includes plans for a quarantine-free air travel bubble.
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NewsThai Airways tests market appetite for sale of A380 pair
Thai Airways International is gauging market interest for two of its Airbus A380s.
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NewsVietnam’s central bank proposes $174m loan for flag carrier
Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by the central bank, which will not charge interest on the ...
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NewsBOC Aviation’s profit dips by a quarter on record revenue
BOC Aviation’s net profit dropped by over a quarter in 2020 mainly due to the Covid-19 pandemic, although it managed to break the $2 billion revenue barrier for the first time.
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NewsLow-cost carriers urge for long-haul to be included in EU’s SAF mandate
A coalition of short-haul airlines, other aviation organisations and environmental groups are calling on the European Commission to ensure that long-haul flights are included in a forthcoming EU mandate on the use of sustainable aviation fuel.
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NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
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NewsGECAS acquisition is ‘right business at right time’: AerCap chief
AerCap’s proposed $30 billion acquisition of GECAS is about “buying the right business at the right time at the right price”, the Irish lessor’s chief executive has said.
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NewsSlow vaccine rollout to hit African traffic: AFRAA
The number of passengers travelling by air in Africa will not return to 2019 levels until at least the start of 2024 because of the lengthy rollout of the Covid-19 vaccine, the leader of airline association AFRAA has warned.
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NewsFirmer crude oil bolsters jet fuel prices
The price of jet kerosene is continuing to strengthen despite weak demand from airlines, as firmer crude oil values filter through to the market.
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NewsAerCap confirms GECAS talks
AerCap has confirmed it is in talks with General Electric in respect to GECAS, but notes that the outcome of the discussions “has yet to be determined”.
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NewsLufthansa Technik to trial hydrogen demonstrator for ‘green’ ground operations
MRO provider Lufthansa Technik is planning to set up a hydrogen demonstrator with Airbus and other partners to test the technology’s potential for making ground processes more environmentally friendly.
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NewsFrontier seeks IPO after cancelled attempt in 2020
Frontier Airlines on 8 March filed for an initial public offering of stock with the US Securities and Exchange Commission, a year after cancelling its previous bid for a $100 million offering that it initiated in 2017.
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NewsAlliance enters five-year base check deal for F70s and F100s
Australia’s Alliance Airlines has entered into a five-year heavy maintenance agreement with Fokker Services for its Fokker F70 and F100 aircraft.