All articles by Cirium – Page 41
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NewsVistara takes first Airbus A321neo
Indian-Singaporean joint venture carrier Vistara took delivery of its first A321neo on 23 July. “This new addition to our fleet reinforces our long-term commitment to international expansion plans, despite the challenges of the current times,” says Leslie Thng, Vistara’s chief executive. Source: Airbus Vistara’s first A321neo has been ...
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NewsSIA uses A350-900 and 787-10 aircraft to raise liquidity
Singapore Airlines Group has raised an additional S$750 million ($540 million) from long-term loans secured by an unspecified number of Airbus A350-900 and Boeing 787-10 aircraft. Cirium fleets data show that within SIA Group’s in-service and stored fleet, mainline carrier SIA owns and operates 48 A350-900s and 15 787-10s. Including ...
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NewsUS plan for aircraft CO2 standards criticised by green groups
The US government has for the first time proposed regulating carbon-dioxide emissions from aviation by adopting ICAO’s aircraft CO2 standard.
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NewsEase ‘onerous restrictions’ to restore international travel: AAPA
The Association of Asia Pacific Airlines (AAPA) is urging Asia-Pacific governments to ease “unduly onerous restrictions” and collaboratively develop a consistent framework for restoring international air travel. “Public attitudes towards air travel are evolving as confidence is rebuilt,” the trade body says. “However, a major obstacle is the widespread imposition ...
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NewsJeju Air scraps Eastar Jet acquisition
South Korea’s Jeju Air has scrapped plans to acquire a majority stake in compatriot low-cost carrier Eastar Jet. Jeju says in a stock exchange disclosure that the stock sale contract was cancelled due to violation of key terms and an overdue transaction closing period, without going into details. It says: ...
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NewsAirlines call for joint Europe-USA coronavirus testing programme
Chief executives at IAG, Lufthansa, American Airlines and United Airlines have written a letter to US vice-president Mike Pence and European home-affairs commissioner Ylva Johansson, urging them to adopt a joint Covid-19 testing programme to enable transatlantic passenger flights to resume.
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NewsMax return lag may continue to enhance value of 737-800s
Cash-needy airlines are relying more on efficient single-aisle aircraft to help them survive the coronavirus crisis, which is helping to maintain the value of aircraft such as the Boeing 737-800.
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NewsAegean Airlines to operate at half of 2019 capacity in August
Greece’s Aegean Airlines is operating around 40% of last year’s summer capacity in July, rising to half in August, as it looks to rebuild its schedules after the coronavirus grounding.
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NewsUK government consults on post-Brexit ETS replacement
Aviation emissions could be included in a new carbon tax under consideration by the UK government to replace the EU Emissions Trading System, which the country is set to leave when its Brexit transition period ends on 31 December.
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NewsVietnam suspends new airline approvals until 2022
Vietnam’s government will delay approving the establishment of any new airlines in the country until 2022 to give the country’s aviation industry some breathing room to recover from the Covid-19 pandemic. The transport ministry has proposed to focus on the recovery of the local aviation sector in the short term ...
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NewsSeat maker Zim Flugsitz files for insolvency
German seat manufacturer Zim Flugsitz has filed for debtor-in-possession insolvency proceedings, citing a “persistent and considerable decline in sales since the start of the coronavirus pandemic”.
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NewsAirlines UK calls for air passenger duty to be waived temporarily
Passenger numbers at UK airports could decline by more than 40% over the next 12 months without government intervention, while 12% of routes in and out of the country could be discontinued, according to a new report commissioned from York Aviation by Airlines UK.
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NewsIndustry pursues multi-pronged sustainability solution
There is widespread agreement that aviation needs to become more sustainable, but some problems lie in identifying the best way to get there, participants in a high-level panel discussion indicated today.
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NewsLessors negotiate with Thai on rental deferrals
Most of Thai Airways’ dozen lessors are expected to reject a request from the airline to defer rental payments for 12 months but will likely acquiesce to a deferral until at least September, sources say. Some lessors are more supportive of the airline’s rehabilitation and willing to be patient than ...
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NewsAeroflot targets 600-strong fleet within eight years
Russia’s Aeroflot Group aims to expand its fleet to 600 aircraft – 235 of which will be domestically built – by 2028. The plan is part of an updated strategy unveiled by chief executive Vitaly Saveliev. The group is also targeting 130 million passengers in 2028, up from 60.7 million ...
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NewsIndia agrees travel corridors with France, USA and others
India’s government is negotiating “travel bubble arrangements” with certain countries to enable resumption of some international flights, starting with the USA.
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NewsNokScoot’s shareholders agree to dissolve company
NokScoot’s shareholders have agreed to dissolve the company, after the Thai-Singaporean joint venture airline’s board of directors previously voted in favour of the move. At a 2020 annual general meeting of NokScoot shareholders held on on 14 July, the shareholders “approved to dissolution, liquidation and appoint liquidator to proceed with ...
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NewsSR Technics restructures to focus on engine and line maintenance
SR Technics will concentrate its business on engine services and line maintenance under a restructuring programme with Swfr120 million ($125 million) of fresh financing backed by the Swiss government.
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NewsEmirates adds China and Iran routes in latest network update
Guangzhou in China and Iranian capital Tehran are among four more destinations that will rejoin Emirates’ network this summer, bringing the total number served by the Middle Eastern carrier in August to 62.
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NewsACI Europe extends expected recovery timeframe to 2024
Airports body ACI Europe does not expect passenger traffic to regain 2019 levels until 2024 – a year later than in its previous projection.