All articles by Cirium – Page 45
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NewsNokScoot cuts staff and returns aircraft to rationalise ops
NokScoot is making an unspecified number of staff redundant, and returning three aircraft by month-end, as part of a rationalisation of its business amid the pressures of the Covid-19 pandemic. “Following a review of our operations, NokScoot has taken steps to rationalise our business to cope with the huge impact ...
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NewsAmerican adds $2bn to balance sheet
American Airlines has priced its common stock offering and convertible bond raising nearly $2 billion.
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NewsAircraft interiors industry to take big hit from Covid-19: panel
Aircraft interiors providers face a 60% drop in available spend for their products this year as airlines operate in survival mode amid the Covid-19 pandemic, industry observers have suggested.
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NewsAirlines benefit from Hong Kong wage subsidy scheme
Several airlines are to receive wage subsidies from the Hong Kong government, though the city’s flag carrier Cathay Pacific Airways is not among the first tranche of companies to be approved for the scheme. Taipei Taoyuan-based China Airlines, with a “committed headcount under payroll” of 222 in Hong Kong, has ...
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AnalysisLayoffs expected when pay support ends for US carriers
Air travel may not return to pre-coronavirus levels until at least 2023, so US carriers are making plans to downsize their employee base, echoing the warnings of transportation analysts that the industry is “staff heavy” for the market reeling from the ongoing coronavirus pandemic.
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NewsKLM to reinstate 95% of European network by August
Dutch carrier KLM plans to operate 95% of its European network and serve 80% of intercontinental destinations by August.
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NewsIndia sets two conditions for resumption of international flights
India will restart international flights only once its domestic traffic reaches 50-60% of pre-Covid-19 levels, and that other countries loosen travel restrictions, India’s civil aviation minister has said. “We can start regular international flights when our domestic traffic reaches about 50-60%, [and] other countries open up to international traffic without ...
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NewsAvation remarkets five aircraft from Virgin Australia
Singapore-based lessor Avation plans to remove two jets and three turboprops from its biggest customer Virgin Australia after finding new homes for the aircraft. Avation has entered into agreements to lease two of the former Virgin Australia ATR 72-500s to an undisclosed commercial airline in Australia until the end of ...
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NewsLauda outlines restructuring under ‘survival plan’
Lauda’s Austrian arm is being repositioned as a wet-lease carrier and the Ryanair subsidiary is ending the employment of crew members who did not support a new collective labour agreement, as part of a “survival plan” to secure operations in Vienna.
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NewsEmirates adding 10 more destinations to its network
Emirates will resume flights to 10 more cities across June and July, increasing to 40 the number of destinations served. The Dubai-based carrier says new government protocols to ease travel restrictions have enabled it to further restore its network. Source: Emirates On 20 June, it will begin ...
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NewsAirAsia chief Fernandes sees ‘robust’ rebound in demand
AirAsia chief executive Tony Fernandes has highlighted “encouraging” forward bookings and sales as the low-cost carrier seeks to recover from the impact of the coronavirus crisis. “There was a point where you couldn’t see where the light was going to come from,” Fernandes acknowledged during an 18 June webinar organised ...
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NewsHong Kong Airlines hopes for government support amid Covid-19
Hong Kong Airlines hopes that the city’s government can also provide it with backing amid the coronavirus pandemic after extending HK$27.3 billion ($3.52 billion) in support to flag carrier Cathay Pacific.
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NewsAir New Zealand flags $77 million full-year underlying loss
Air New Zealand expects to report an underlying loss of up to NZ$120 million ($77 million) for the financial year (FY) ending 30 June. “The New Zealand government’s recent move to Alert Level 1 has enabled the airline to slowly restart the domestic network, however revenue and earnings are significantly ...
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AnalysisHow MRO providers see the post-Covid future
As airlines reduce their fleets, expecting it will take years until passenger demand returns to pre-crisis levels, MRO providers have to deal with excess capacity while having to support in-service aircraft under renewed cost pressure.
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NewsLufthansa warns bailout under threat over shareholder tussle
Lufthansa has warned it might be unable to implement the €9 billion ($10 billion) financial support package agreed with the German government after the airline’s largest shareholder indicated he might vote against the package.
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AnalysisAssessing government support for Asia-Pacific carriers
When it announced a HK$39 billion ($5 billion) recapitalisation on 9 June, Cathay Pacific joined a growing list of Asia-Pacific airlines that have received government support amid the coronavirus crisis. The region appears to have learnt from its experience with SARS in 2003. Governments have responded quickly to Covid-19, jumping ...
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AnalysisCurrent-generation aircraft ready for cargo conversions
The worldwide grounding of aircraft during the passenger travel downturn has led to a shortage in capacity for air freight delivery, increasing the incentive for airlines to convert Boeing 777s, 737NGs and other newer generation aircraft for cargo flights.
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NewsUS Senate introduces safety bill after 737 Max investigation
The chairman of the US Senate Committee on Commerce, Science, and Transportation has introduced a bill aimed at implementing the findings of its year-long investigation of two fatal Boeing 737 Max crashes and increasing oversight at the US Federal Aviation Administration.
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NewsIATA calls for extension of slot-rule waiver
A continued relaxation of the ‘use it or lose it’ regulations governing airport take-off and landing slots is essential to aid airlines’ restart of operations and ensure connectivity in the longer term, IATA has warned.
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NewsLufthansa job cuts to be spread across all units
Lufthansa Group’s planned 22,000 job cuts will affect 600 pilots, 2,600 flight attendants and thousands of roles in its maintenance and catering divisions, the company has revealed.