All articles by Cirium – Page 42
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NewsAir travel in Malaysia showing further signs of recovery: MAHB
Malaysia Airports (MAHB) says air travel in Malaysia is showing further signs of recovery, as the country’s gradual easing of lockdown measures and travel restrictions, which were implemented in May, enters its second month. Based on statistics from the 39 Malaysian airports managed by MAHB for the first nine days ...
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NewsVietnam Airlines needs liquidity support by end of August: CEO
State-owned Vietnam Airlines will need liquidity support by the end of August, the airline’s chief executive Duong Tri Thanh has said. Speaking at a meeting held on 13 July with the Vietnamese prime minister’s economic advisory group, which Cirium did not attend, Thanh said his airline has lost D50 trillion ...
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NewsAir Baltic expects growth ‘leading to IPO’ as bailout is approved
Shareholders in Air Baltic have approved a €250 million ($285 million) investment by the Latvian government to ensure the carrier’s survival amid the coronavirus crisis.
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NewsHong Kong government appoints board observers to Cathay Pacific
The Hong Kong government has appointed two observers to the board of Cathay Pacific Airways, as part of its bailout plan for the Chinese special administrative region’s flag carrier. Carlson Tong and Rimsky Yuen joins the board as observers with immediate effect, the government said in a 14 July statement. ...
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NewsLessors bemoan lack of clarity around Garuda’s bailout
Garuda’s lessors are concerned about the lack of clarity surrounding the quantum and timing of an expected government bailout seen as key to the survival of Indonesia’s national carrier, even though it pulled off a three-year extension of its $500 million sukuk last month. Lessors tell Cirium they have been ...
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NewsVirgin Australia bondholders drop challenge to Bain Capital sale
A group of Virgin Australia bondholders, represented by two fund managers, have withdrawn their application to the Australian Takeovers Panel to challenge the airline’s sale to Bain Capital.
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NewsJapan to suffer heaviest revenue hit among APAC countries: IATA
Japan, Australia, India and South Korea are the Asia-Pacific countries that will see the worst revenue impact from the Covid-19 pandemic, running into tens of billions of dollars, IATA has predicated. In providing a country-by-country breakdown, IATA reiterates its 9 June forecast that Asia-Pacific, as the first region to feel ...
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NewsLufthansa prepares launch of new leisure unit Ocean
Lufthansa has incorporated a new entity named Ocean to operate long-haul flights to tourist destinations and reduce the “complexity” of the group’s current presence in that segment.
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NewsEuropean Commission gives KLM state financing the go-ahead
KLM’s €3.4 billion ($3.8 billion) state-support package has been approved by the European Commission.
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AnalysisDiehl’s vision for post-coronavirus crisis aircraft cabins
The prospect of having to modify aircraft cabins in order to reduce the infection risk during flights will likely be another headache for cash-strapped airlines battling to survive the coronavirus crisis. However, Diehl Aviation sees an opportunity to respond to passenger health concerns with new products and, the German systems ...
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NewsLevel France becomes latest coronavirus crisis airline casualty
IAG’s Paris Orly-based long-haul budget unit, Level France, is to cease operations after seeing demand for its transatlantic services plummet.
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NewsJapan Airlines and Malaysia Airlines to launch joint business
Japan Airlines and Malaysia Airlines expect to launch a joint business partnership on 25 July, through which the two national carriers will co-operate commercially on flights between Malaysia and Japan. JAL says the airlines will “take on new challenges to further enhance convenience between Japan and Malaysia and allow customers ...
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NewsEmirates resumes flights to six further destinations
Emirates plans to restore services to a further six destinations from 15 July to 15 August, bringing the carrier’s network to 58 cities.
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NewsTentative Icelandair cabin crew deal falls through
Cabin crew members at Icelandair Group have voted against a provisional collective bargaining agreement that was struck between the airline and flight attendant union FFI in June. The carrier says it will “evaluate its options” after union members “declined” the pact, an important part of its restructuring plan. Icelandair has ...
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NewsJet2 ‘confident’ demand will return as full-year profit slides
UK leisure carrier Jet2’s parent company, Dart Group, has reported a 10% decline in full-year pre-tax profit but is “confident” demand will return and “encouraged” by bookings for next summer.
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NewsCoronavirus outbreak scuppers proposal to develop Manila airport
A group of local conglomerates have withdrawn their proposal to develop Manila Ninoy Aquino International airport, citing the impact of the coronavirus outbreak on the aviation industry Known as the NAIA consortium, the group comprises entities from at least six local conglomerates. Among them are JG Summit Holdings and LT ...
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NewsBOC Aviation boosts second-quarter lease commitments
BOC Aviation’s recent sale-and-leaseback spree helped it record more signed lease commitments in the second quarter than in the same period last year, though aircraft sales were down. The Singapore-based lessor signed leases for 38 aircraft in the three months ended 30 June, compared with 32 in 2019’s second quarter. ...
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NewsUK cabin crew join Ryanair pilots in accepting temporary pay cuts
Ryanair cabin crew members based in the UK have agreed to a temporary pay cut of up to 10% to avert job losses at the airline.
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NewsAir Mauritius seeks buyers for five aircraft
Air Mauritius has put three Airbus widebodies and two single-aisle aircraft up for sale, weeks after entering voluntary administration amid the Covid-19 crisis.
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NewsCathay Pacific mulls parking aircraft outside Hong Kong
Cathay Pacific Group is considering parking some aircraft outside of its Hong Kong base to protect them from the city’s hot and humid summer. The company tells Cirium it is looking into this “for operation management reasons”. “At the present time our aircraft are parked at Hong Kong International Airport, ...