All articles by Cirium – Page 34
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NewsAir Serbia settles debt with Etihad bondholders
Air Serbia has disclosed its repayment of a $57.6 million loan from special-purpose vehicle EA Partners.
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NewsCorsair shareholder to sell majority stake
Corsair’s majority shareholder Intro Aviation intends to sell its stake in the French carrier.
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NewsDublin Aerospace sets up UK operation in former Flybe hangar
Maintenance provider Dublin Aerospace has established a UK subsidiary at the hangar facilities of defunct regional carrier Flybe at Exeter airport.
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NewsAegean Airlines first-half revenue falls by two-thirds
Greek carrier Aegean Airlines saw its earnings collapse by 64% in the first half and is warning that the “least predictable winter ever” lies ahead.
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NewsAzul converting four E195s to support freight division
Azul has converted one of its Embraer 195s into a freighter to support its cargo division, and plans to adapt another three in response to “record demand”.
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NewsLufthansa sees post-crisis ‘flagship’ role for 747-8
Lufthansa intends to keep its Boeing 747-8s in service while grounding all its Airbus A380s amid a stepped-up fleet-reduction effort and a wider industry trend toward smaller long-haul twinjets.
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NewsAustralia extends aid to domestic and regional operators
Australia’s government is extending budget support for two aviation programmes targeted at maintaining major domestic routes and essential air services for regional and remote communities. The Domestic Aviation Network Support (DANS) programme will be extended until 31 January and the Regional Airline Network Support (RANS) programme until 28 March. ...
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NewsVirgin Australia sale on track for October completion
Bain Capital’s acquisition of Virgin Australia Holdings (VAH) is on track for October completion, administrator Deloitte has indicated in a letter to creditors and employees. Creditors had on 4 September accepted a proposal that is structured around 10 deeds of company arrangement (DOCAs) for all 41 VAH entities in voluntary ...
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NewsAirline dependency on state support a new normal: Lufthansa chief
Citing government shareholdings in Air France-KLM and the part-ownership of IAG by state-owned Qatar Airways, he says the German stake in Lufthansa is “at the very low side of my global competitors”.
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NewsEasyJet pilots avoid redundancies by opting to work part-time
There will be no compulsory pilot redundancies at EasyJet, after 1,500 crewmembers opted to cut the number of hours they work.
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NewsWizz chief lambasts slot-rule waiver as ‘complete nonsense’
Jozsef Varadi says the waiving of airport slot-allocation rules prevents the central European budget carrier from establishing new operations.
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NewsAirbus chief seeks ‘urgent reframing’ of aviation/climate debate
Airbus chief executive Guillaume Faury argues that the sector’s “role in society” is at risk amid growing calls for a reduction in flights to curb emissions.
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NewsWizz and KLM scale back European capacity amid restrictions
Wizz Air has again reduced its capacity outlook for October while KLM has put its short-haul network expansion plans “on hold” as ongoing coronavirus-related travel restrictions force Europe’s airline sector to apply the brakes to its recovery.
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AnalysisLessors consider Lion Air’s power-by-the-hour requests
Like most airlines globally, Indonesia’s Lion Group has been in discussions for rental deferral agreements with its lessors during the Covid-19 driven downturn. Back in April, the company told its lessors in an email, seen by Cirium, that capacity had been decreasing and yields had dropped by 35%. Combined with ...
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NewsRyanair winter bookings are at ‘10% of normal volumes’: O’Leary
Low-cost carrier Ryanair is attempting to stimulate demand for winter travel by launching a buy-one-get-one-free flight offer and waiving change fees for tickets purchased in October and November, as it reports that bookings for the last two months of the year are significantly down on previous years.
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NewsVietnam Airlines resumes international flying with Seoul-Hanoi
Vietnam Airlines has opened bookings for Seoul-Hanoi, with the first flight scheduled to depart 25 September. “This is the first official scheduled international commercial flight to Vietnam since the Covid-19 situation restabilised in Vietnam,” the airline said in a 23 September statement. Source: Vietnam Airlines A Vietnam Airlines ...
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Airline BusinessLessors test the market with portfolio sales
Lessors typically trade an average of 550 single-aisle and 95 twin-aisle aircraft a year, based on Cirium data for the past five years, far greater than the 150 single-aisle and 16 twin-aisle aircraft from 1 January to 22 September.
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NewsCDB Aviation agrees Max and Dreamliner SLBs with United Airlines
CDB Aviation has agreed to purchase and lease back 12 new aircraft from US carrier United Airlines. The transaction comprises two Boeing 787-9s and 10 737 Max 8s, a 22 September filing to the Hong Kong stock exchange shows. Source: United Airlines CDB Aviation’s sale and leaseback transaction ...
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NewsVolaris shareholders vote in favour of capital increase
Mexican low-cost carrier Volaris has won shareholder approval to raise up to Ps3.5 billion ($164 million) in capital. The airline says it is “evaluating different financing alternatives” after shareholders approved the plan at an extraordinary general meeting on 18 September. Source: Airbus Options under consideration are a ...
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NewsJamco targets incremental cabin improvements – for now
Jamco is awaiting All Nippon Airways’ decision on whether to modify lavatory doors on its aircraft for hands-free use, as the interior equipment manufacturer focuses attention on incremental, cost-effective passenger-experience improvements.