All articles by Cirium – Page 32
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NewsHong Kong extends waiver on airport fees until year-end
Hong Kong has extended a relief package for the aviation sector for a further two months until the end of 2020. Airport Authority Hong Kong (AA) says it made the move “in response to the ongoing challenges arising from the Covid-19 pandemic”. Source: Mary416/Shutterstock Parked aircraft in Hong ...
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NewsHong Kong and Singapore agree to set up travel bubble
Hong Kong and Singapore have reached an in-principle agreement on an air travel bubble to help boost traffic between the two aviation hubs, ministers said today. Under the plans, travellers will be required to return a negative Covid-19 polymerase chain reaction (PCR) test and will not be subject to any ...
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NewsAir New Zealand outlines ‘safe travel zone’ ops to Australia
Air New Zealand has outlined its operations under a bilateral “safe travel zone” arrangement that allows one-way quarantine-free travel from New Zealand to Australia, starting 16 October. The carrier currently operates eight return flights between Auckland and Sydney each week, and is looking to operate six of these as quarantine-free ...
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NewsKhazanah banking on Firefly if MAB restructuring fails: report
Malaysia’s regional turboprop operator Firefly could replace its parent as national carrier should Malaysia Airlines fail to reach an agreement with creditors on restructuring plans, the managing director of the country’s sovereign wealth fund Khazanah Nasional has said. “Among the alternative options that can be considered is [that] Khazanah is ...
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NewsEasyJet’s new finance chief to start on 3 February
EasyJet’s new chief financial officer, Kenton Jarvis, will assume his role at the airline on 3 February 2021. This will be followed by a short handover period with his predecessor, Andrew Findlay, “to ensure a smooth transition”, the carrier states. Source: TUI Kenton Jarvis will take up new ...
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NewsBreeze signs sale-and-leaseback deal covering five A220s
Planned US start-up Breeze Airways has signed a sale-and-leaseback agreement with lessor Voyager Aviation for five Airbus A220-300s.
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NewsChina Southern prices CNY16 billion convertible bond
China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier. The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% ...
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NewsFlight-tracking data shows fortunes varying by region
Global passenger jet flight numbers declined overall in September compared with the prior month, reflecting typical seasonality in demand as the northern summer peak season drew to a close, Cirium data shows.
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NewsHeathrow passenger numbers down more than 80% in September
London Heathrow’s chief executive has once again urged the UK government to “act quickly” on introducing an airport Covid-19 testing programme, after the airport’s passenger numbers fell 81.5% year on year in September.
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NewsLessors reject Malaysia Airlines’ restructuring plan: report
Most of Malaysia Airlines’ lessors have rejected a restructuring plan it proposed, according to a media report. Lessors claiming to represent 70% of the aircraft and engines leased to the airline group have called the plan “inappropriate and fatally flawed” and pledged to challenge it, Reuters reported on 10 October, ...
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NewsAmerican to move Dallas-Beijing flights to Daxing
American Airlines will relocate to Beijing Daxing International airport its flights from Dallas/Fort Worth when the Beijing route resumes on 27 March 2021. The Fort Worth-based carrier will use Boeing 787-8 aircraft for the flights. Source: Max Kingsley-Jones/FlightGlobal American operated in January, before the coronavirus-related suspension of ...
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NewsAirframers cool on ‘air curtains’ as means to protect passengers
Airbus, Boeing and Embraer have dismissed the idea of modifying cabin air supply systems to create ‘air curtains’ between passengers in order to reduce instances of viral infection.
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NewsAllegiant burned $1.3 million daily during third quarter
The parent company of Allegiant Air burned a daily average of $1.3 million in cash during the third quarter, including debt payments, rising from its daily cash burn average of $900,000 during the second quarter.
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NewsAir Canada 737 Max transactions garner $365 million
Air Canada has sealed sale-and-leaseback transactions for three Boeing 737 Max 8 aircraft with Jackson Square Aviation and six Max 8 aircraft with Avolon for total proceeds of $365 million. Boeing delivered these nine Max aircraft to Air Canada during the past three years, the carrier stated 8 October in ...
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NewsZipair Tokyo to start passenger flights on 16 October
Japanese start-up Zipair Tokyo will begin passenger flights to Seoul Incheon on 16 October after a planned earlier launch was delayed by the Covid-19 crisis.
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AnalysisPressure builds for aftermarket-focused engine makers
On 1 October, Rolls-Royce disclosed a plan to raise £3 billion ($3.9 billion) of fresh capital through new shares and a bond offering to help weather the aviation crisis. It was a stark reminder of the predicament all engine manufacturers have faced since the pandemic began.
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NewsPortuguese government completes TAP stake increase
Portugal’s government has completed its acquisition of an additional 22.5% stake in TAP, clearing the way for the airline to access the rest of its state loan.
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NewsAustrian cuts back winter capacity as Covid-19 cases rise
Austrian Airlines has become the latest European carrier to scale back winter capacity amid rising coronavirus infections and ongoing travel restrictions.
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NewsWizz Air to launch domestic Norwegian services
Wizz Air plans to establish a base at Oslo Gardermoen airport and operate domestic Norwegian services to Bergen, Tromso and Trondheim from early November.
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NewsAlaska speeds retirement of 10 Airbus A320s
Alaska Airlines will retire 10 of the Airbus A320 aircraft it owns earlier than intended, accelerating its cost-saving transition back to the all-Boeing fleet structure it operated before acquiring Virgin America.