All articles by Cirium – Page 49
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NewsHainan cancels planned transfer of nine aircraft
Hainan Airlines Holdings and its subsidiary airlines have cancelled the transfer of aircraft assets to a Hong Kong-based holding company. This encompasses four Boeing 737-800s and two 787-8s owned by Hainan Airlines Holdings, two Airbus A350-900s by Hainan Airlines, and one 737-800 with Grand China Air. The original transaction price ...
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NewsAir Canada tests demand with international summer flights
Air Canada will launch an “abridged” schedule this summer with 97 destinations down from 220 last year, betting that coronavirus cases will decline and governments will ease restrictions to enable more international travel. The carrier began its summer sales push by resuming service on 25 May to New York-LaGuardia, Washington-Dulles, ...
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NewsPhilippine Airlines confirms $1bn revenue loss due to Covid-19
Philippine Airlines (PAL) has seen revenue shrink by nearly $1 billion since it suspended operations because of the coronavirus pandemic, the flag carrier’s parent confirms.
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NewsAir New Zealand grounds 777s and defers A321neo deliveries
Air New Zealand (ANZ) will ground its Boeing 777-200ER and 777-300ER fleets until at least the end of this year as part of organisation-wide cost-cutting measures. Including deferrals of planned Airbus A321neo deliveries, the airline has also deferred or cancelled almost NZ$700 million ($430 million) of expected capital expenditure to ...
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NewsChina Airlines issues A350-900 leaseback RFP: sources
China Airlines has issued a request for proposals for the sale and leaseback of two Airbus A350-900s, according to two sources. The Taiwanese flag carrier has returned to the market after agreeing to sell and lease back five A330-300s earlier this month. The deadline for bids on the A350s is ...
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NewsAir Canada to fly modified business-only A319s on domestic routes
Air Canada starting 1 June plans to fly three modified Airbus A319s with only 58 business-class seats between Toronto, Montreal and Ottowa, aiming to maintain air travel while minimizing the risk of coronavirus infection. The flights sold through its charter subsidiary Air Canada Jetz will fly one morning and one ...
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NewsThai government reduces stake in Thai Airways
The Thai government is no longer a majority shareholder in Thai Airways after the country’s finance ministry reduced its stake to 47.86% from 51.03%. “After the reduction of shareholding percentage held by the Ministry of Finance in the company, the company shall cease to be a state enterprise under the ...
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NewsJet2 pushes back resumption of flights to 1 July
UK budget carrier Jet2 will restart operations on 1 July, having previously said it would begin flying again on 17 June.
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NewsEasyJet shareholders back airline’s board in Stelios dispute
EasyJet founder Stelios Haji-Iaonnou has failed in his attempt to oust the airline’s management team
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NewsRyanair to close Lauda’s Vienna base on 29 May
Ryanair Group has followed through on its threat to close Lauda’s Vienna base after failing to reach an agreement on cost reductions.
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NewsPhilippine Airlines' parent returns to profitable growth in 2019
PAL Holdings posted an operating profit of Ps2.87 billion ($56.6 million) in 2019, reversing 2018’s Ps5.98 billion operating loss. Total revenue at the parent company of Philippine Airlines (PAL) grew 2.7% to more than Ps154 billion, driven by a 4.2% increase in the passenger segment revenue to Ps134 billion. Ancillary ...
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NewsVirgin Australia secures US Chapter 15 recognition
Virgin Australia has secured recognition from the US Bankruptcy Court for its voluntary administration process, under Chapter 15 of the country’s bankruptcy code. This protects the carrier’s US assets from creditors and allows Australia’s courts to preside over all claims. The petition was filed in New York on 29 April, ...
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NewsLOT’s technical arm reiterates commitment to new MRO complex
LOT Aircraft Maintenance Services (LOTAMS) has reiterated its commitment to building an extensive greenfield facility at Rzeszow in Poland, but will implement “optimisation processes” and seek cost savings to deal with fallout from the coronavirus pandemic. In 2019, the MRO provider – a sister company of Polish state carrier LOT ...
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NewsZipair Tokyo applies to launch with cargo-only flights
Start-up carrier Zipair Tokyo has applied to authorities to launch with cargo-only flights between Tokyo Narita and Bangkok Suvarnabhumi from 3 June.
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NewsIndia to restart domestic flights from 25 May
India plans to restart domestic civil aviation in a “calibrated manner” from 25 May. Civil aviation minister Hardeep Singh Puri said in a 20 May Twitter post that all airports and airlines are being informed to be ready for operations from that date. He added that standard operating procedures for ...
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NewsCambodia lifts entry ban on six nationalities as Covid-19 ebbs
Cambodia has removed its ban on visitors from France, Germany, Iran, Italy, Spain and the United States, which was first imposed in mid-March amidst the Covid-19 pandemic. The Agence Kampuchea Presse (AKP) national news agency reported on 20 May that visitors from these countries are now allowed to enter the ...
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NewsChangi airport reopens transit from 2 June
Changi airport will gradually allow transit passengers from 2 June, after Singapore banned all short-term visitors from entering or transiting, effective 23 March 23:59. “This is part of Singapore’s strategy to gradually reopen air transport to meet the needs of our economy and our people, whilst ensuring sufficient safeguards for ...
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NewsFinnair seeks further layoffs to match reduced flying schedule
Finnair will enter talks with its entire workforce to secure additional temporary layoffs aimed at downsizing the number of employees to match its much-reduced flying schedule over the coming months.
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NewsIATA sets out biosecurity roadmap to restarting flights
Passengers and airlines would face radical changes to the process of air travel under IATA’s guidelines for restarting the industry when the Covid-19 pandemic subsides. While its recommendations are not binding, the association hopes that governments, airlines and airports will adopt the measures as a middle ground to allow passengers ...
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NewsThai Airways approved for bankruptcy court-supervised restructuring
The Thai government has given its approval for Thai Airways International to reorganise under the supervision of the local bankruptcy court. “The Thai Cabinet approved the reform plan for [Thai Airways] which will be implemented through the business reorganisation chapter under the auspices of the Central Bankruptcy Court of Thailand ...