All articles by Cirium – Page 35
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NewsRex taps private equity for $110m to launch domestic operations
Australia’s Regional Express is in “advanced exclusive negotiations” with PAG Asia Capital for up to A$150 million ($110 million) funding to support its plans for commencing domestic operations. Rex describes PAG as a leading Asia-Pacific-focused private investment firm and the parties inked a long-form term sheet on 21 September evening, ...
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NewsLufthansa to mothball entire A380 and A340-600 fleet
Lufthansa Group will put all of its Airbus A380s and 10 of its A340-600s into long-term storage, only to be reactivated in the event of an “unexpectedly rapid market recovery”, and will permanently remove the remainder of its A340-600 fleet from service.
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NewsNew York bankruptcy court green-lights LATAM’s revised financing proposal
LATAM Airlines’ revised debtor-in-possession financing proposal has been approved by a bankruptcy court in New York,
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NewsAirlines UK-commissioned study calls for reopening of US routes
Ongoing travel restrictions between the UK and the USA will negatively affect the former’s economy by £32 million ($41 million) a day by the beginning of October, but losses could be reduced and confidence restored if some markets between the two countries were allowed to reopen later this year, according to a new study carried out by York Aviation on behalf of Airlines UK.
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NewsAerSale buys 24 757-200s for freighter conversions and part-out
Aircraft trader and support specialist AerSale has acquired 24 Boeing 757-200 passenger jets that were stored at its facilities in Arizona and New Mexico.
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NewsRyanair cuts October capacity again as restrictions impact deepens
Ryanair is planning to reduce its October capacity by 20%, on top of the 20% cut that it announced in mid-August. The budget carrier now expects to operate at around 40% of its 2019 levels in October, down from 50% previously, although it does project load factors of at least ...
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NewsVietnam reopens borders to six countries
Vietnam will resume commercial passenger operations on six international routes this month, after suspending international flights from 23 March. These are to Tokyo, Japan; Seoul, South Korea; Guangzhou, China; Vientiane, Laos; Taipei, Taiwan; and Phnom Penh, Cambodia. Source: Vietjet A VietJet A321neo It appears to be for ...
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NewsRyanair could order more Max jets by year-end: Davy
Ryanair may “take advantage of market softness” and add to its Boeing 737 Max orderbook by the end of the year, Davy Research has predicted in a new report.
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NewsUnion criticises Lufthansa’s launch plan for new leisure unit
German pilot union Vereinigung Cockpit has expressed scepticism about Lufthansa’s planned a new leisure subsidiary Ocean, and intends to oppose efforts by the airline to employ crews without collective labour agreements.
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NewsVietJet plans service resumption to North Asian destinations
VietJet Air plans to resume passenger service on flights to Japan, South Korea, and Taiwan, starting 29 September. From Ho Chi Minh City, the budget airline will operate one weekly flight each to Tokyo Narita and Seoul Incheon, as well as Hanoi-Taipei Taoyuan with the same frequency. Source: ...
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NewsSpiceJet swings to loss in first quarter
Indian budget carrier SpiceJet swung to a loss in the April to June period, but its chairman remains confident that the airline will see a significant improvement in its operating environment. The Gurugram-based carrier’s operating losses widened to Rs5.68 billion ($77 million) in the first quarter of the fiscal year ...
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NewsVietnam Airlines plans one-way 787 flights to Tokyo Narita
Vietnam Airlines plans to operate several one-way flights to Japan later this month with Boeing 787s. The flights will depart Hanoi at 23:45 on 18, 25 and 30 September. Flights from Ho Chi Minh City to Narita will depart at 00:00 on 30 September. Cirium fleets data show ...
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NewsBritish Airways competes head on with Virgin Atlantic in Lahore
British Airways will compete with Virgin Atlantic on its recently-announced London Heathrow-Lahore route, having disclosed its own plans to serve the Pakistani city from October. The IAG-owned carrier will operate four flights a week to Lahore from 12 October, using a Boeing 787-8 aircraft. The carrier’s announcement comes less than ...
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NewsDelta’s flight attendants and frontline staff avoid furloughs
Delta Air Lines will not involuntarily furlough its flight attendants and ground-based frontline employees after 30 September, when the US CARES Act expires and airlines that have received payroll support funds will once again be free to lay off workers or cut pay.
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NewsQantas considers moving Sydney head office to save costs
Qantas is considering relocating its 49,000m2 head office in a Sydney suburb as part of a three-month cost-saving review of the location of some of its key facilities.
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NewsAir New Zealand considers laying off hundreds more cabin crew
Air New Zealand is considering making hundreds of cabin crew redundant as a “last resort” measure in response to a reduction in long-haul demand. The flag carrier tells Cirium it has reduced its Los Angeles passenger service from a daily frequency to three return flights per week, and converted all ...
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NewsAeroflot cleared to increase share capital
Aeroflot has won shareholder approval to increase its authorised capital to 1.95 billion shares.
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NewsEmirates deploys A380 on Moscow route to meet ‘strong demand’
Emirates has upgauged the aircraft deployed for its newly restarted Dubai-Moscow service to an Airbus A380.
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AnalysisAsiana Airlines in ‘close consultation’ with creditors: CEO
The chief executive of South Korea’s Asiana Airlines, Han Chang-soo has expressed regret that the acquisition deal with Hyundai Development fell through, but says the airline is working closely with creditors to chart the way forward. “I have made efforts for the M&A to be completed for about a year ...
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NewsAsiana receives $2 billion state funding after failed HDC deal
South Korea’s government will step in to manage Asiana Airlines, giving the carrier a W2.4 trillion ($2 billion) fund injection after an acquisition deal with a Hyundai Development (HDC)-led consortium fell through. The funds will come from the country’s Key Industry Stabilisation Fund with a three-year tenor from the date ...