All articles by Cirium – Page 21
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NewsDLR to develop large-scale synthetic fuel production concept
German aerospace research centre DLR has been engaged by the country’s government to develop a concept for large-scale synthetic fuel production, including a plan for a pilot facility.
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NewsIATA warns that paper tests for Covid-19 are open to fraud
IATA is urging governments to embrace digital platforms for Covid-19 testing as it warns that paper-based tests are vulnerable to fraudulent results.
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NewsThai granted final extension to submit rehabilitation plan
Thai Airways International’s submission of its rehabilitation plan is being delayed a second time after it won approval to submit the plan an additional month later.
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NewsCathay Pacific to raise $869m from convertible bonds due 2026
Cathay Pacific is issuing HK$6.74 billion ($869 million), 2.75% guaranteed convertible bonds due 2026.
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NewsAir New Zealand backs Wellington’s biofuel mandate
Flag carrier Air New Zealand is backing the government’s in-principle decision to implement a biofuels mandate aimed at reducing carbon emissions in the transport sector, as part of the country’s goal to reach net-zero carbon emissions by 2050.
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NewsNorwegian start-up Flyr plans 1 June launch
Flyr intends to operate its first services at the start of June using Boeing 737 aircraft, as the start-up seeks to become a new low-cost carrier for the Norwegian market.
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NewsNorwegian to refocus on routes with proven profitability
Norwegian plans to focus on core connections that have “historical profitability” as it transitions to becoming a conventional low-cost short-haul operator.
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NewsThai mulls further extension to rehabilitation plan submission
Thai Airways International is considering another extension on the deadline to submit its restructuring plan, this time until the end of February or beginning of March.
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NewsPIA to settle out of court $2m dispute on AerCap leases
Pakistan International Airlines (PIA) is in talks to settle out of court $2 million in outstanding aircraft lease payments in relation to two Boeing 777s managed by AerCap.
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NewsNok Air issues RFP for deliveries through 2026: sources
Nok Air has issued a request for proposals for the operating lease of up to 26 aircraft to be delivered between this year and 2026, according to a document seen by Cirium dated 21 January.
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NewsCebu Pacific outlines $250m convertible preferred shares issue
Cebu Pacific has outlined the details of a $250 million stock rights offering, which it intends to use to finance its debt obligations.
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NewsAir Baltic certificated for MRO training
Latvian carrier Air Baltic has been approved as maintenance training organisation to qualify aircraft technicians for its own operation and external customers.
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AnalysisThe intricacies of managing aircraft storage
The continued high proportion of parked aircraft as a result of the global pandemic creates a range of issues for airlines and maintenance providers to ensure these aircraft remain airworthy and ready for a return to service.
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NewsNo rush to pick up A320 production: Avolon chief
Airbus should consider holding monthly A320-family production output at 40 aircraft rather than increasing its throughout this year, lessor Avolon’s chief executive opines.
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NewsVietnam tightens rules on in-storage aircraft
The Civil Aviation Authority of Vietnam (CAAV) has issued a directive on aircraft storage and maintenance, requiring that airlines rotate between in-service and stored aircraft every month.
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NewsAirAsia Group plans $113 million private placement for cash needs
AirAsia Group is looking to raise MYR454.5 million ($113 million) from a private placement of shares, to meet its cash needs over the next three to 12 months.
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NewsBoeing maintenance hangar at Gatwick operational under adjusted plan
Boeing’s maintenance hangar at London Gatwick airport is handling a “steady flow” of customer aircraft despite “much reduced” flying activity amid the pandemic, the airframer tells Cirium.
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NewsRestructuring Thai Airways and Asiana offload non-core subsidiaries
Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries.
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Airline BusinessSAS leans on domestic markets amid intensifying competition
Large domestic markets have helped ease several carriers through the Covid-19 crisis, as travel restrictions and a fear of moving across borders bolster internal demand within countries with large populations and territories.
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NewsIndigo Partners founder banks on vaccine-led airline recovery
The co-founder of Indigo Partners, the private equity firm that holds stakes in several airlines from the USA to Hungary, has expressed his optimism that Covid-19 vaccines will lead to a recovery of leisure and VFR traffic in the second half of this year.