All articles by Cirium – Page 38
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NewsLufthansa ticket refund bill reaches €2.3 billion
Lufthansa Group has disclosed it paid more than €2.3 billion ($2.7 billion) in ticket refunds to almost 5.4 million customers so far this year.
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NewsBritish Airways’ union calls for strike action
British Airways staff represented by the Unite union have “overwhelmingly” called for strike action over the airline’s plans for job losses and changes to employment terms.
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NewsLufthansa pilot school under threat: union
German pilot union Vereinigung Cockpit sees Lufthansa’s in-house flight academy in Bremen under threat as the ministry of defence in Berlin evaluates a termination of its training contract with the school.
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NewsLessor NAC swings to $639m loss in ‘extremely challenging’ year
Nordic Aviation Capital (NAC) could have delivered its strongest-ever results in fiscal year (FY) 2019/2020, based on first-half performance, had it not been for the Covid-19 pandemic. “The company was on track to deliver its 24th consecutive year of increased profitability; however, as Covid-19 began to surface in early 2020, ...
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AnalysisCan sightseeing flights tap pent-up air travel demand?
Two Asia-Pacific airlines have this month operated domestic sightseeing flights to meet pent-up flying demand as Covid-19 limits air travel, but how much potential does this market offer in the long run? DINE AND FLY Royal Brunei Airlines’ first-ever scenic flight took off on 16 August, departing from Brunei International ...
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NewsBOC Aviation maintains steady profits amid pandemic
Singapore-based lessor BOC Aviation registered a slight increase in its profits in the first half of this year, though its cash collection rate plummeted to the lowest level in more than a decade. The company posted a profit before income tax of $354 million for the six months ended 30 ...
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NewsLHT chief foresees ‘fierce’ MRO competition for legacy jets
Lufthansa Technik chief executive Johannes Bussmann has predicted MRO-sector consolidation during the coming winter season, and that prolonged operations of legacy aircraft will spark “fairly fierce competition” among maintenance providers.
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NewsEurowings passengers can pay to keep middle seat free
Eurowings will offer passengers the option of paying extra to keep the middle seat vacant, throughout the entire cabin, on all flights within Europe, after carrying out a “successful” trial of the measure.
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NewsSIA Group depletes half of $6.4 billion funds raised
SIA Group has utilised half the proceeds from a S$8.8 billion ($6.4 billion) rights issue completed on 5 June. The company has drawn down a further S$2.2 billion between 15 June and 14 August, in addition to the use of S$2.2 billion previously detailed in June. Source: Max ...
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NewsHeathrow awaits approval for ‘oven-ready’ Covid-19 testing centre
London Heathrow’s Covid-19 testing facility is “ready to go” and awaiting UK government approval to test arrivals at the airport as a way of reducing the amount of time for which travellers from high-risk countries are required to quarantine.
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NewsFive Southeast Asian countries cleared for Singapore transit via SIA Group
Malaysia, Indonesia and Thailand have joined the list of countries approved for transit flights through Singapore operated by Singapore Airlines Group’s three carriers. Two other Southeast Asian nations, Vietnam and Cambodia, were previously approved for such flights, from Hanoi, Ho Chi Minh City, and Phnom Penh. Source: Greg ...
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NewsUS and Chinese carriers can double flights between countries: DoT
The four Chinese airlines currently operating scheduled passenger services to the USA may double their services to eight weekly round-trip flights, according to the US Department of Transportation. “This aggregate level of service is equivalent to the total number of flights now permitted by the Chinese aviation authorities for US ...
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NewsIndia’s aviation minister hints at travel bubbles with neighbours
The Indian government has proposed creating “air bubbles” with five neighbouring countries, according to civil aviation minister Hardeep Singh Puri. Proposals have been made to Sri Lanka, Bangladesh, Afghanistan, Nepal and Bhutan, he said in an 18 August Twitter post. Source: IndiGo Indian sailors check-in at Doha for ...
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NewsFrontier bets on cost-sensitive travellers’ return to skies first
Like the rest of the airline industry, Frontier Airlines is cutting costs and seeking federal aid as the pandemic has obliterated passenger demand, while also defending its network position as it plans for an eventual travel recovery.
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NewsGerman fund WSF approves local support for Lufthansa subsidiaries
German federal fund WSF has approved local financial aid for Lufthansa subsidiaries Austrian Airlines, Brussels Airlines and Swiss under the group’s €9 billion ($10.6 billion) support package from the government in Berlin. Austrian chief executive Alexis von Hoensbruch describes the approval as a “last hurdle” and expresses gratitude for the ...
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NewsStobart Group warns of job cuts after EasyJet closes two London bases
Stobart Group has signalled that job cuts could be imminent at Stansted and Southend, as a result of EasyJet’s decision to close its bases at the two London airports.
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NewsCourt sets additional hearing dates for Thai Airways rehab
Thailand’s Central Bankruptcy Court has set two additional hearing dates to decide whether the country’s flag carrier should be granted its request for business rehabilitation. After its much-anticipated first day in court on 17 August, Thai Airways said in a same-day filing to the Stock Exchange of Thailand that the ...
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NewsUK regulator allows PIA to resume flights using wet-leased jets
UK aviation regulators have approved a request from Pakistan International Airlines to operate Birmingham and Manchester flights using aircraft chartered from Portuguese wet-lease operator Hi Fly.
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NewsT’way Air sinks deeper into the red without international network
T’way Air reported a W85.1 billion ($72 million) net loss for the first half of 2020, as Covid-19 all but wiped out its international network in the second quarter. Sales revenue at the South Korean low-cost carrier declined by 56% to W174 billion for the January to June period, and ...
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NewsCovid-19 travel restrictions bog down Fiji Airways
Fiji seems unlikely to resume international air travel soon, especially as its national carrier cancelled scheduled international passenger service through the end of September. “This is due to ongoing border closures and travel restrictions as a consequence of the Covid-19 pandemic,” Fiji Airways said in a 12 August statement. The ...