All articles by Cirium – Page 24
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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NewsAir India sale delayed as government scraps shortlist deadline
India’s government has hit another stumbling block in its years-in-the-making sale of flag carrier Air India. The timeline for the sale is now uncertain after the government decided against informing bidders today as to whether they had been shortlisted. Source: Boeing It had previously stated that it ...
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NewsDelta sells seven Boeing 767-300ERs to Amazon Air
Amazon Air has purchased seven Boeing 767-300ERs from Delta Air Lines, growing its fleet as the shortage of cargo capacity during the coronavirus pandemic increases opportunities to generate revenue from air freight.
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NewsAirAsia X contests BOC Aviation’s enforcement of UK court order
AirAsia X is seeking to nullify BOC Aviation’s efforts to enforce a UK court judgement in the High Court of Malaya in Malaysia, where the airline group is based. “As an update, the company wishes to announce that the company had on 14 December 2020, filed and served on the ...
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NewsIndiGo investigates data breach involving ‘internal documents’
India’s biggest airline by fleet size IndiGo has said that some of its internal documents may have been compromised by hackers. In a 31 December filing to the BSE, the carrier said that “some” of its servers were hacked in December. While it was able to restore ...
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NewsBOC Aviation issues Covid-19-related profit warning for 2020
BOC Aviation has kicked off the new year with a heads-up to investors and analysts that its net profit for 2020 could be at least 25% down on the year prior. In a profit warning issued today to the Hong Kong stock exchange, the Singapore-based lessor says it expects net ...
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NewsWizz Air Abu Dhabi confirms Athens for first flight
Wizz Air’s new Abu Dhabi unit will operate its first flight on 15 January, to Greek capital Athens, part of an initial network of destinations across the Mediterranean and Caucasus regions. Services to another Greek city, Thessaloniki, will begin on 4 February, to be followed in the coming months by ...
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NewsSeoul grants AOC to start-up carrier Aero K
South Korean start-up carrier Aero K received its air operator’s certificate for international and domestic air transport operations on 28 December. The airline was evaluated between October 2019 and December 2020, and the AOC was granted within the two-year validity period from when it received a business licence in March ...
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AnalysisIndonesia certifies N219 regional turboprop
State-owned Indonesian Aerospace (IAe), also known as Dirgantara Indonesia, has received certification for its N219 commuter aircraft.
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NewsAir Lease delivers one A320neo to Japan’s Peach
Air Lease Corporation (ALC) has delivered one new Airbus A320-200neo to Japanese low-cost carrier Peach on long-term lease.
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NewsUS DOT approves Aer Lingus to join transatlantic venture
The US Department of Transportation has granted antitrust immunity for Dublin-based Aer Lingus to join an existing transatlantic joint venture between Oneworld member carriers American Airlines, British Airways, Level, Iberia, and Finnair, finalising tentative approval granted in November. This approval by the DOT gives Aer Lingus the ability to integrate ...
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NewsAlaska orders more Max jets to replace A320s
Alaska Airlines has ordered additional Boeing 737 Max jets as it targets phase-out of its Airbus A320ceo-family fleet by mid-2023.
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NewsSIA Group depletes over 80% of funds raised in June
SIA Group has utilised S$7.1 billion ($5.3 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The company most recently utilised $900 million between 14 October and 13 December, it said in a Singapore Exchange disclosure dated 21 December. Source: Greg Waldron/FlightGlobal An SIA ...
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NewsAlliance Aviation signs for another 16 E190s
Alliance Aviation has signed for 16 Embraer 190 aircraft and one spare GE Aviation CF34 engine from US-based Jetran LLC in a A$85 million ($65 million) deal, marking the completion of its short-term fleet expansion plans.
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NewsEasyJet focuses on Gatwick as it eyes recovery
EasyJet is basing four additional aircraft at London Gatwick as the low-cost carrier looks to take advantage of rebounding in passenger demand in the new year.
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NewsEC airport slot-rule proposal halves threshold to 40% next summer
Airlines will only need to use 40% of their airport slots over the summer season in order to retain them, under temporarily relaxed rules proposed today by the European Commission.
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NewsLima and Seoul among 13 long-haul routes dropped from BA network
British Airways will permanently axe 13 long-haul destinations from its network next summer, and will suspend flights to Sydney, Bangkok and San Jose until October. From the start of the summer season in late March, the UK carrier will no longer serve the US cities of Charleston and Pittsburgh, or ...
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NewsUK Supreme Court rules in favour of Heathrow expansion
UK Supreme Court judges have ruled in favour of a government plan to build a third runway at London Heathrow, overturning an appeal court ruling against the scheme brought about by Friends of the Friends of the Earth and Plan B Earth. Earlier this year, the Court of Appeal had ...
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AnalysisEngine shop EME Aero adopts ‘game-changing’ flow-line
When MTU and Lufthansa Technik joined forces to establish EME Aero – an overhaul shop for Pratt & Whitney PW1000G engines near Polish city Rzeszow – they targeted a flexible layout with optimal process and material flows that would avoid any repeat of mistakes from the past.
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NewsRolls-Royce opts for ‘reasonable’ approach as crisis hits MRO customers
Rolls-Royce is receiving cash from a majority of customers for its hour-based service agreements, but has, in the words of chief executive Warren East, “tried to be reasonable… in terms of rescheduling payments”.