All articles by Cirium – Page 27
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AnalysisMiddle Eastern carriers face long recovery from crisis
Having built their networks around the transfer of long-haul passenger through their hubs, with limited short-haul networks to fall back upon, the Middle East’s largest carriers are perhaps uniquely vulnerable to the coronavirus crisis.
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NewsKLM to retrofit Embraer E190s and Boeing 737s with Recaro seats
Dutch carrier KLM has ordered 56 shipsets of Recaro seats to install across part of its mainline and regional fleet.
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NewsRex inks funding agreement for March domestic network launch
Australia’s Regional Express is on track to launch domestic jet operations on 1 March, having signed an agreement for A$150 million ($109 million) funding from PAG Asia Capital and scheduled a proving flight with authorities in early December. “We will debut on the Sydney-Melbourne route with three aircraft on 1 ...
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NewsGreater Bay Airlines approaches lessors for initial aircraft
Hong Kong start-up Greater Bay Airlines has approached leasing companies to acquire its first aircraft with which it hopes to begin operations as early as next summer, Cirium has learned.
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AnalysisQuestions persist after 737 Max recertification
The grounding of Boeing 737 Max aircraft highlighted doubts about the effectiveness of US Federal Aviation Administration oversight. The FAA’s end of the Max flight ban on 18 November leaves families of Max crash victims unsatisfied and Congress trying to pass aircraft certification reform.
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NewsNew CEOs named at Swiss, Brussels Airlines and Lufthansa Cargo
Lufthansa Group has appointed three new chief executives from within its ranks to lead its Swiss, Brussels Airlines and Lufthansa Cargo subsidiaries from early next year. Dieter Vranckx will take the helm at Swiss on 1 January, succeeding Thomas Kluhr who is stepping down at the end of this year. ...
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Airline BusinessWhere are we on the path to aviation industry recovery?
Ascend by Cirium senior consultant Richard Evans looks at how the aviation industry is faring amid the pandemic
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NewsRelaunched Virgin Australia targets mid-market segment
Virgin Australia is setting its sights on the mid-market segment, having completed the sale and transfer to Bain Capital on 17 November. “Australia already has a low-cost-carrier and a traditional full-service airline, and we won’t be either,” chief executive Jayne Hrdlicka states. Source: Virgin Australia Virgin Australia is ...
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NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
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NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...
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NewsDiehl to cut 1,400 jobs in Germany under restructuring plan
Diehl Aviation intends to make up to 1,400 jobs across its German sites redundant as part of restructuring aimed at providing the systems and interior equipment supplier with an “economically sustainable and future-oriented cost structure” by the end of 2022.
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NewsEuropean airlines have hit lowest point: HSBC
European airlines can expect improving prospects towards the end of this year and next, bank HSBC has predicted, citing the progress being made on airport testing and vaccines.
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NewsAvianca slides to $156 million third-quarter operating loss
Avianca Holdings has posted an operating loss of $156 million for the three months ended 30 September.
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NewsSunweb drops plans to buy Corendon Dutch Airlines
Triton-owned online holiday provider Sunweb Group has pulled out of plans to acquire Corendon’s tour-operating business, including Corendon Dutch Airlines.
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NewsAir New Zealand names new finance chief
Air New Zealand has appointed its former senior executive Richard Thomson as its next chief financial officer.
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NewsThai Airways’ operating losses deepen in Q3
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt.
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NewsSMBC Aviation Capital sues Garuda over unpaid rent
SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals.
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NewsVariety of Covid-19 entry requirements baffles US travellers
US airline customers tend to get confused about region-by-region and state-by-state Covid-19 entry requirements when searching for flights to leisure destinations, often leading them to take the path of least resistance and book flights to Florida beaches, American Airlines’ chief revenue officer Vasu Raja has observed.
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AnalysisHong Kong’s cautious approach to travel bubbles
Hong Kong’s government will take a safety-first approach when its travel bubble with Singapore launches on 22 November, and the launching of further bubbles with other countries or regions will come with strict anti-Covid-19 preconditions. “It takes two to tango,” the city’s secretary for commerce and economic development Edward Yau ...
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NewsHeathrow blames UK government for ‘catastrophic decline’
London Heathrow has warned that the lack of a Covid-19 airport testing regime in the UK has left it “unable to compete” with rival European gateways, after reporting that passenger numbers in October had declined by 82% year on year. October’s figures represent the “eighth consecutive month of catastrophic decline” ...