All articles by Cirium – Page 22
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NewsPandemic forces lessors to rethink risk: panel
The pandemic has upended lessors’ market assumptions more than any crisis in the history of aviation, forcing them to reevaluate their approach to risk, an industry panel of lessors, lenders and remarketers has observed.
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AnalysisAirAsia X restructuring places creditors in a bind
AirAsia X’s debt restructuring negotiations highlight the dilemma creditors face when deciding whether to stand by a struggling airline during the Covid-19 pandemic.
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AnalysisUS carriers’ fate hangs on vaccine rollout
US carriers will likely have to slog through the prime summer season and most of 2021 continuing to burn millions in cash daily as they await the herd immunity promised by mass Covid-19 vaccination.
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NewsEmirates and Etihad to trial IATA’s Travel Pass
UAE-based carriers Emirates and Etihad will be among the first airlines in the world to use IATA’s Travel Pass app, with trials to begin in the first half of this year.
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NewsBoeing more vulnerable to tariffs than Airbus: Udvar-Hazy
Boeing needs to work to resolve the current tariff war with Airbus as the dispute threatens to further erode its market share versus its European competitor, Air Lease executive chairman Steven Udvar-Hazy has argued.
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NewsLease negotiations with Thai reaching ‘critical phase’: AA4
Negotiations between Thai Airways International and one of its lessors Amedeo Air Four Plus (AA4) over the future of four Airbus A350-900s are reaching a “critical phase” as the airline is due to finalise its restructuring plan next month.
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NewsSR Technics spins out component services into new unit
Swiss maintenance provider SR Technics has spun out its component support business into a separate entity under new branding, as part of a wider company restructuring.
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NewsHSBC slashes first-half outlook for Europe’s carriers
Prospects for Europe’s airlines in the first quarter of 2021 have deteriorated notably in recent weeks, but bank HSBC expects intra-European and possibly transatlantic passenger numbers to bounce back for the summer season.
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NewsVirgin Australia shakes up management team under new chief
Virgin Australia has announced six appointments to its 10-member executive leadership team, under new chief executive Jayne Hrdlicka.
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NewsSouth Korea’s Eastar Jet files for court receivership: reports
South Korea’s Eastar Jet has filed for court receivership as a means to restructure, according to local media reports.
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AnalysisMalaysia Airlines’ restructuring plan nears consensus
After months of negotiations, Malaysia Airlines has secured near-unanimous in-principle agreement from lessors and other creditors for its planned restructuring, three people close to the process tell Cirium.
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NewsSafran expands seat options for E-Jet family
Safran has had its Z110i economy seat certificated for installation on Embraer E-Jets, thereby broadening the supplier’s seat options for the aircraft family.
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AnalysisUS airline unions seek mask mandate from Biden
US president-elect Joe Biden after his inauguration on 20 January plans to enact a federal mandate for interstate travellers on aircraft, trains and buses to wear masks after the Trump administration refused petitions from both airlines and pilot unions to order a mask rule.
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NewsKorean Air files Asiana acquisition with competition watchdog
Korean Air filed a business combination report with the Korea Fair Trade Commission (KFTC) on 14 January for its acquisition of Asiana Airlines.
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NewsUK air traffic manager NATS pursues airspace reform
UK air traffic manager NATS is pressing ahead with plans to reorganise the country’s airspace to reduce congestion and improve capacity. During an Aviation Club webinar on 14 January, NATS chief executive Martin Rolfe explained that the organisation’s key focus was on reforming network-level airspace, in particular the UK’s congested ...
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AnalysisNorwegian’s lessors gain some certainty at least
Norwegian’s intention to exit long-haul services and focus on short-haul and domestic flying as part of its restructuring plan presents its lessors with some certainty for the future at least – if little else. Under its restructuring plan, the Oslo-based carrier will become an entirely short-haul carrier with 50 narrowbodies ...
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NewsSeat manufacturer Zim Flugsitz exits insolvency proceedings
German seat manufacturer Zim Flugsitz has emerged from legal insolvency proceedings after a restructuring plan was unanimously approved by creditors in December.
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NewsNorwegian to exit long-haul market
Troubled low-cost carrier Norwegian is abandoning its long-haul network as it sets out a scaled-back business model focused on Norwegian domestic, regional Scandinavian, and key European services. “Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model,” states chief ...
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NewsSIA issues $500 million dollar-denominated discount bonds
Singapore Airlines plans to issue $500 million of bonds at a discount to par.
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NewsThai Airways on track with rehabilitation plan: president
Thai Airways acting president Chansin Treenuchagron has offered reassurance that the carrier is working “diligently” to ensure its rehabilitation plan will be submitted by its “specified timeframe”.