All articles by Cirium – Page 26
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Airline BusinessBailouts renew states’ influence on European airlines
Decades after airlines started moving out of government control and competing in a deregulated market, the issue of state intervention has been brought sharply back into focus by the Covid-19 pandemic.
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NewsAlliance Aviation expects better H2 earnings on charter ops
Alliance Aviation expects to report a A$26 million ($19 million) underlying profit before tax for the July to December period, attributing it to robust contract and charter operations in the resource sector. This compares with A$15.5 million in the year-ago period, while approximately A$7.5 million in government grants under the ...
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NewsTUI secures third government bailout since April
TUI is set to receive a €1.8 billion ($2.2 billion) financial support package from German government fund WSF, largest shareholder Unifirm and a consortium of banks, aimed at securing the tourist group’s operation amid the coronavirus crisis.
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NewsANA in partnership to review SAF supply chains
All Nippon Airways is one of six Japanese companies to reach an agreement about studying carbon recycling business models, and the partners aim to streamline sustainable aviation fuel (SAF) supply chains.
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NewsCondor emerges from ‘protective shield’
Condor has confirmed its exit from ‘protective shield’ proceedings implemented to establish the former Thomas Cook subsidiary as a standalone company. The German leisure carrier was placed under a first protective shield, which involved a €380 million ($455 million) bridging loan from the national government, following Thomas Cook’s collapse in ...
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NewsAvion Express to request protection from creditors
Lithuanian ACMI operator Avion Express plans to seek creditor protection in an attempt to restructure its business and recover from the effects of the pandemic.
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NewsHSBC sees ample aviation capacity to distribute vaccine
The aviation industry has easily enough capacity to distribute Covid-19 vaccines, while the cold storage requirements of some products will be “demanding but not insurmountable”, HSBC has suggested.
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NewsTAP cuts winter capacity up to 70% after heavy nine-month loss
TAP Air Portugal has reported a third-quarter net loss of €119 million ($142 million), and expects to reduce its winter capacity by 60-70% year on year as Europe’s second Covid-19 wave continues to heavily impact operations.
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NewsQantas to outsource ground handling at 10 Australian airports
Qantas has rejected in-house bids from its employees after a three-month process and decided to outsource its ground handling at 10 airports across Australia.
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NewsBerlin airport needs more than €550 million to support operation
Berlin’s airport operator estimates that it will require more than €550 million ($658 million) in additional funding to support the German capital’s recently opened gateway if air traffic in 2021 does not rise significantly above this year’s level. Noting that it already had a deficit before the long-delayed Brandenburg airport ...
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NewsPain persists for Virgin’s lessors despite Bain sale close
Lessors with exposure to Virgin Australia will have been relieved to see the successful completion of the carrier’s sale to Bain Capital last week, but the airline will still require concessions from lessors as it eases into its new business plan.
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AnalysisManufacturers see no single ‘silver bullet’ to reach aviation’s CO2 reduction target
Airbus chief technology officer Grazia Vittadini has said that the aviation industry’s stated aim of reaching carbon neutrality by 2050 had been a “pretty good problem to have” before the air transport sector and most other areas of public life were thrown into disarray by the coronavirus outbreak.
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NewsPhilippine Airlines dismisses restructuring claims
Philippine Airlines has dismissed claims that it is seeking court protection from creditors and looking to raise funds. Parent company PAL Holdings refers to a Nikkei Asia report dated 25 November, which cites contents of a PAL townhall meeting and a meeting between the airline and the Philippine government’s Department ...
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NewsCargo capacity on passenger jets key for vaccine rollout: IATA
Cargo capacity in the bellies of passenger aircraft will be necessary for the efficient distribution of Covid-19 vaccines, according to IATA.
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NewsIATA puts faith in sustainable aviation fuels
IATA is urging governments to promote sustainable aviation fuel (SAF) as a critical tool to enabling the industry to halve its CO2 emissions against 2005 levels by 2050.
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NewsSIA raises S$500 million from privately placed 10-year bonds
Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of private investors”, says the group. Source: Greg Waldron ...
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NewsAirline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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NewsAegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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NewsDelta and Aeromexico see recovery in transborder flights
Delta Air Lines and Aeromexico plan to operate nearly the same amount of capacity for transborder flights in December as they did during the same month of 2019.
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NewsEmirates boosts UK capacity after UAE added to safe travel list
Emirates has disclosed that it is doubling its Airbus A380 frequencies to London Heathrow and increasing capacity on three other UK routes, in response to the UK government’s recent decision to add the UAE to its travel-corridor list.