All articles by Cirium – Page 16
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NewsLufthansa Technik foresees no return to pre-crisis MRO before 2023
Lufthansa Technik foresees no return to pre-crisis MRO activity before late 2023 or early 2024 “at the earliest” while it expects the maintenance market will be permanently changed by the pandemic.
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NewsWizz to add new Italian base
Central European budget carrier Wizz Air is opening a new base at Palermo.
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NewsLufthansa expands rail offering through Deutsche Bahn
Lufthansa is expanding its joint product with German rail operator Deutsche Bahn as it looks to improve connectivity and reduce emissions.
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AnalysisWhat a merger between GECAS and AerCap could mean
Leasing juggernauts GE Capital Aviation Services (GECAS) and AerCap are by far the two biggest aircraft leasing companies in the world by fleet size, with a combined 2,098 aircraft between them.
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NewsTransportation Partners finance chief to depart: sources
Transportation Partners chief financial officer Valerie Tay is set to step down.
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NewsCebu Pacific secures $329 million loan from local syndicate
Philippine low-cost carrier Cebu Pacific (CEB) has secured a Ps16 billion ($329 million), 10-year loan today, from a syndicate of private and government banks.
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NewsMalaysia and Thailand back flag carriers’ restructurings
Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for their respective flag carriers, both undergoing court-led restructurings.
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NewsEtihad operating loss more than doubles in 2020
Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020.
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NewsSpirit chief bets on A320neos and A321neos for capacity growth
Spirit Airlines continues to target mid-2021 as the inflection point when its capacity returns to pre-pandemic levels and is betting on new Airbus A320neo and A321neo aircraft for its expansion plans, two executives from the carrier said during an online discussion on 3 March.
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NewsSouth Korea outlines broad-based support for aviation industry
The South Korean government has outlined broad measures to support and eventually revitalise the local aviation industry. For airlines, these are focused on capturing synergies.
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NewsBoeing will come through ‘extremely difficult’ time: AerCap chief
AerCap chief executive Aengus Kelly believes Boeing is facing an “extremely difficult” time as it tackles problems with its 787 production programme, but he is confident the US manufacturer can resolve its issues.
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NewsMesa plans joint venture to fly CRJ900s in Europe
Mesa Air Group on 2 March announced a conditional agreement with London-based Gramercy Associates to launch a joint venture to operate Mesa’s Bombardier CRJ900 aircraft on passenger or cargo routes in Europe by the end of 2021.
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NewsCanadian airlines lost 23% of international market share: WestJet chief
Airlines in Canada during the coronavirus pandemic have lost 23% of their market share on international routes to competitors in Europe and the USA whose governments have provided sector-specific relief funds, WestJet chief executive Ed Sims said during an online discussion hosted by multinational aviation group Eurocontrol on 2 March.
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NewsBreeze plans summer launch of flights and ‘super app’: Neeleman
Breeze Airways’ co-founder and chief executive David Neeleman expects his new Salt Lake City-based low-cost airline will be operating flights before this summer, in the process acclimating travellers to an app-centred customer experience.
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NewsPassenger traffic falls back in January: IATA
The number of passengers carried by airlines declined even more sharply in January than the previous month, as governments continued to tighten travel restrictions.
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AnalysisThai Airways due to submit rehabilitation plan
Thai Airways International’s rehabilitation planners are expected to submit a plan on 2 March to Thailand’s Central Bankruptcy Court outlining how they propose the airline should be restructured.
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NewsIndian airlines prefer leasing: ex-Air India chairman
Indian carriers have found leasing aircraft to be more convenient than financing them by other means, a former chairman of flag carrier Air India has told an industry conference.
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NewsSilkAir and SIA appoint Skytech-AIC to remarket seven 737-800s
Singapore’s SilkAir and Singapore Airlines have appointed Skytech-AIC to market for outright sale seven Boeing 737-800s.
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NewsAirAsia Group details $40m assistance to Philippines AirAsia
AirAsia Group has disclosed that it extended approximately $40 million in advances and corporate guarantees to Philippines AirAsia in November-December.
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NewsCALC expects 2020 profit to be nearly two-thirds down on 2019
China Aircraft Leasing (CALC) expects its net profit attributable to shareholders for 2020 to be down 60-65% on 2019 due to a loss on an investment in an Indonesian airline as well as an exchange-rate loss.