All articles by Cirium – Page 29
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NewsKLM clears path to bailout with union deals
KLM has reached an agreement with the FNV Cabine, FNV Luchtvaart and VNV unions – representing flight attendants, ground personnel and pilots – clearing the Dutch carrier to receive €3.4 billion ($4 billion) in government loans and guarantees.
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NewsAir Canada Rouge relaunches with Cancun flight
Air Canada Rouge on 2 November flew passengers from Toronto to Cancun, Mexico, marking the first time it has operated since the start of the coronavirus pandemic travel downturn in March.
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NewsAirlines split into ‘haves’ and ‘have-nots’: BOC Aviation chief
The Covid-19 pandemic’s impact on the aviation industry is splitting both airlines and lessors into “haves” and “have-nots”, the chief executive of lessor BOC Aviation has said. “Obviously there are shades of grey in between, but in terms of people’s viability, obviously government support has been very important this time ...
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NewsRyanair’s O’Leary plots aggressive post-Covid strategy
Ryanair will exit the coronavirus crisis leaner, more competitive and ready for expansion, group chief executive Michael O’Leary has vowed. The low-cost carrier is using the crisis to “rapidly restructure our cost base”, he explained during a 2 November half-year results call. All of the major expense items – wages, ...
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NewsATSG turns Q3 profit as it steps up 767 freighter deployments
Air Transport Services Group made an operating profit of $74 million in the third quarter, up 80% year on year, as it deployed seven Boeing 767 freighters to leasing customers to capitalise on the demand for cargo aircraft amid the pandemic. The US lessor and operator generated $404 million in ...
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NewsVueling pursues better maintenance control via ‘big bang’ project
Spanish budget carrier Vueling is in the process of constructing a spare-parts warehouse at its Barcelona hub as part of a wider project to insource critical maintenance management activities.
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NewsDomestic demand bolsters Aeroflot revenue
Russian carrier Aeroflot saw quarter-on-quarter rises in passenger demand and revenue during the three months ended 30 September, underpinned by strong domestic demand. Although third-quarter revenue was down 67% on last year’s, at Rb55.2 billion ($695 million), the carrier notes that load factors and yields were at “comparable levels”. Still, ...
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NewsLosses prompt IAG review of fuel hedging
IAG is examining its policy of taking out fuel hedges following massive losses from the financial instruments.
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NewsCrisis helped engine OEMs clear modification backlog
The air transport crisis has helped engine makers Pratt & Whitney and Rolls-Royce to catch up with modifications to resolve in-service issues with their respective PW1000G and Trent 1000 programmes.
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NewsIndian govt sweetens Air India sale terms, extends bid deadline
The Indian government has changed the rules for the Air India bidding process and again extended the timeline, hoping to garner more interest in a sale of the carrier. The government is now inviting bids at enterprise value, on an equity and debt basis, civil aviation minister Hardeep Singh Puri ...
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NewsIndiGo will continue to honour all lease payments: CFO
IndiGo will continue to honour all of its lease rental payments to lessors and has not been delaying any payments, the carrier’s chief financial officer said in a 29 October earnings call. “We are current on all our lease costs and there is no renegotiation to reduce the lease costs. ...
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NewsIndiGo posts $160 million loss in Q2 FY2021
IndiGo has posted a loss from operations before exceptional items and tax of Rs11.9 billion ($160 million) for the second quarter of the 2021 fiscal year ended 30 September as it focuses on managing the Covid-19 crisis and looks towards the “promise of the future”. The Gurugram-based carrier’s net losses ...
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NewsEU targets common protocol for Covid testing of travellers
The European Commission is preparing common passenger testing, quarantine and tracking practices for member states to help ensure safe travel as it battles the Covid-19 pandemic. “Free movement within the EU and the border-free Schengen area are prized achievements of European integration – the Commission is working to ensure that ...
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NewsHong Kong eyes November launch for travel bubble with Singapore
Hong Kong expects its proposed air travel bubble with Singapore will start in November, allowing passengers to travel between the two destinations without a 14-day quarantine. “The aim is that within the next month, we can introduce the air travel bubble with Singapore,” says Hong Kong’s chief executive Carrie Lam ...
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NewsSouthwest’s O’Hare service to take flight on Valentine’s Day
Southwest Airlines will commence operating flights for its new Chicago O’Hare service on 14 February, with 20 total departures to Nashville, Baltimore/Washington International, Denver, Dallas Love Field and Phoenix.
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News‘Risk must be rebalanced’ across industry: LOT operations chief
Suppliers such as aircraft manufacturers, lessors and MRO providers must make a greater contribution to shouldering the financial risk borne by airlines amid the air transport crisis, in the view of LOT chief operating officer Maciej Wilk.
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NewsPandemic speeds retirement of older, high-maintenance aircraft
The coronavirus travel downturn is accelerating the retirement of aircraft that are older, less fuel-efficient, and higher maintenance, including Boeing 777 aircraft, Airbus A330 and A380 aircraft, as airline capacity may not return to pre-pandemic levels until 2024, if at all. Airlines will have to reduce costs by selling or ...
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NewsTaiwan’s Starlux launches new routes to Bangkok, Osaka, Tokyo
Taiwanese carrier Starlux has announced three new destinations in Thailand and Japan to bolster its fledgling operation. Starlux started flying in January with three routes from Taipei Taoyuan, to Macau, Da Nang and Penang. Source: Wikimedia Commons A Starlux A321neo in February 2020 It was due to ...
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NewsNok receives no objections to entering business rehabilitation
Nok Air looks set to be allowed to restructure under court supervision, after nobody raised objections during a court hearing today, according to a 27 October filing to the Stock Exchange of Thailand. The Thai budget carrier says the order on its business rehabilitation petition will be issued at 09:00 ...
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NewsBOC Aviation, Malaysia Airports challenge AirAsia X restructuring
Two of AirAsia X’s creditors – BOC Aviation and Malaysia Airports (Sepang) (MASSB) – have taken legal action to challenge its proposed debt restructuring, according to the airline group. AirAsia X was served on 15 October a sealed copy of BOC Aviation’s application in the High Court of Malaya, dated ...