All articles by Cirium – Page 44
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NewsThailand to ease international flight ban
Thailand will ease a ban on international passenger flights into the country from 1 July, nearly three months after first imposing it on 4 April. The Civil Aviation Authority of Thailand will permit international passenger flights to operate into Thailand carrying 11 permitted categories of passenger. These include returning Thai ...
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NewsAir cargo demand still outstripping capacity: IATA
Despite an ongoing collapse in demand for air cargo, the loss of bellyhold space in passenger aircraft means that global freight capacity is still struggling to cope with the volume of goods that needs transporting, IATA data shows. The airline association says that while global demand as measured by cargo ...
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NewsTAP to cut more aircraft as losses mount
TAP Air Portugal has disclosed plans to further reduce its fleet after first-quarter net losses almost quadrupled to €395 million ($443 million) amid the Covid-19 pandemic.
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NewsEasyJet’s agreement with Stelios ends as his stake shrinks
EasyJet’s relationship agreement with founder Stelios Haji-Iaonnou has been terminated after his stake in the UK carrier dropped below the 30% threshold.
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NewsLufthansa’s reactivated fleet to reach 380 aircraft during summer
Lufthansa Group plans to have reactivated half of its fleet by October as it sees increased booking demand following an easing of travel restrictions in several countries.
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NewsYet again, New Delhi extends Air India sale deadline
Bids for state-owned Air India were meant to close today, but the government has extended the deadline for a further two months. In a seventh revision for expressions of interest to buy Air India, including its 100% stake in Air India Express and 50% stake in Air India SATS Airport ...
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AnalysisOpportunity in crisis for Australian regional airlines
There is opportunity in every crisis and the Covid-19 pandemic could present one for some of Australia’s regional airlines to expand. The grounding of airline fleets globally “presents significant opportunities for Alliance [Aviation] to expand its fleet” and it is looking to raise a target A$122 million ($85 million) for ...
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NewsCovid-19 to hit per-passenger emission reductions: HSBC
The coronavirus crisis will reduce the overall output of carbon emissions from Europe’s airlines, but a desire to cut capital expenditure will delay introduction of new aircraft, weakening unit CO2 performance, according to analysis from HSBC.
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NewsNok Air turned down chance to buy Scoot’s stake in joint venture
Thailand’s Nok Air turned down an offer to take over Scoot’s stake in NokScoot, the joint venture company whose board today voted in favour of liquidation. Singapore’s Scoot, the regional arm of SIA Group and a 49% shareholder in NokScoot, says in a 26 June statement that it offered to ...
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NewsNokScoot board votes in favour of liquidation
NokScoot’s board has decided to liquidate the company as it sees no path to recovery.
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NewsIndia’s international flight ban to remain in place until 15 July
India is maintaining its suspension of international passenger flights until mid-July but will consider allowing certain routes to resume on an individual basis.
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AnalysisChina’s big, nebulous plan for a Hainan aviation finance hub
Several free trade ports and zones in mainland China offer opportunities for leasing aircraft onshore under tax-efficient conditions, though few would say these provide much competition with Hong Kong, which has a well-established aircraft financing and leasing community and since 2017 has had a favourable tax regime for lessors. This ...
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NewsSingapore Airlines confirms NokScoot returning leased aircraft
Singapore Airlines has confirmed that it is taking back Boeing 777-200s it is leasing to joint venture airline NokScoot. NokScoot said on 24 June that it will return three aircraft to their lessor by the end of June, as part of a rationalisation of its business amid the pressures of ...
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NewsBain Capital wins bid for Virgin Australia
Bain Capital has won the bid for Virgin Australia and is working with the airline’s administrators to close the sale, which is “subject to minimal conditions precedent”. The final shortlist, announced on 2 June, comprised US private investment firm Bain and the Richard Branson-linked Cyrus Capital Partners, a New York-based ...
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NewsLufthansa agrees savings package and peace deal with UFO union
Lufthansa and its main flight attendant union UFO have reached a deal on savings and committed to building a “constructive social partnership” after acrimony over recent years.
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NewsEmirates converts 10 777-300ERs into temporary freighters
Emirates is temporarily removing more than 3,000 economy-class seats from 10 of its Boeing 777-300ER aircraft to make room for cargo while it waits for passenger demand to return.
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NewsEasyJet share issue raises £419 million
EasyJet has raised £419 million ($521 million) by placing 59.54 million shares through an immediate accelerated bookbuilding process. The UK low-cost carrier had disclosed on 24 June that it was aiming to raise £400-450 million by issuing just under 15% of its current share capital. Source: AIrbus ...
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NewsQantas Group plans A$1.9 billion equity raise
Qantas Group will raise up to A$1.9 billion ($1.3 billion) in equity capital to strengthen its balance sheet, as part of a three-year plan to accelerate its recovery from the Covid-19 crisis. This encompasses A$1.36 billion from a fully underwritten institutional placement, and up to A$500 million from a non-underwritten ...
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NewsIATA calls for layered alternative to quarantine
IATA has highlighted research findings that quarantine effectively shuts down passenger demand for air travel, and is urging governments to adopt a variety of alternative measures to minimise the risk of importing coronavirus via infected passengers. The airline association’s proposed framework consists of measures to prevent sick people from traveling ...
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NewsKorean carrier Hi Air buys two second-hand ATRs for growth
Korean start-up Hi Air has purchased two ATR 72-500s from the turboprop manufacturer.