All articles by Cirium – Page 55
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NewsVirgin Australia bailout intensifies local war of words
Qantas does not conceal its distaste for any state support tailored to its rival Virgin Australia, which recently requested a A$1.4 billion ($890 million) bailout from the federal government to ride out the coronavirus-induced downturn. Alan Joyce, Qantas’s chief executive, said in a television interview on 20 March that it ...
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NewsWestJet lays off 1,700 workers amid wage subsidy
WestJet will lay off 1,700 pilots across its mainline carrier, regional subsidiary Encore and low-cost carrier Swoop, while keeping them on payrolls through the duration of Canada’s wage subsidy that ends in June. The Calgary-based airline tells Cirium that the layoffs will be staggered beginning on both 1 May and ...
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NewsCathay Pacific to close three US bases
Cathay Pacific will close its three US cabin crew bases to preserve cash while the global air transport market remains “virtually halted” by the coronavirus pandemic.
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NewsLATAM extends 95% capacity cuts through May
LATAM Airlines has extended through May its 95% reduction in planned capacity, citing continued travel restrictions and a lack of demand because of the coronavirus pandemic.
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NewsPorter takes wage subsidies as operations remain halted
Porter Airlines will receive funds from Canada’s wage subsidy programme, allowing the carrier to pay many of the hundreds of workers it furloughed in March after grounding its fleet and suspending all operations until June.
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NewsGlobal aircraft grounding hampers weather forecasting: WMO
The lack of commercial flights due to the Covid-19 crisis is not only a problem for the aviation industry but also has weather forecasters concerned. Sensors, computers and communications systems onboard commercial jets automatically collect and transmit meteorological observations to ground stations, which have been curtailed by the sharp decline ...
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NewsAustralian carriers reinstate domestic routes after financial aid
Qantas and Virgin Australia will operate additional routes within Australia after the federal government agreed to underwrite a minimal domestic service during the coronavirus pandemic. The support, for an initial eight-week period and worth up to A$165 million ($105 million), was announced on 16 April by deputy prime minister and ...
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NewsSIA Group flags financial impact of limited passenger network
Singapore Airlines Group expects to extend capacity cuts and warns of material impact to its financial performance in the quarter ended 31 March. Singapore banned short-term visitors from entering or transiting from 24 March, and the group said in a stock-exchange disclosure on 15 April that “capacity was further rationalised ...
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NewsEasyJet secures cash for potential nine-month fleet grounding
EasyJet has expressed confidence it now has enough cash to survive a nine-month grounding of its fleet after securing additional funding.
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NewsFinnair converts A350 passenger cabins for freight transport
Finnair is the latest airline to temporarily transform passenger cabins into freight carriages, disclosing plans to fill two of its Airbus A350s with cargo to boost capacity between Europe and Asia. Until now, Finnair has only transported freight in the belly of its passenger A350s. However, the airline has unveiled ...
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NewsThailand bans all international passenger flights until 30 April
Thailand has banned all international passenger aircraft from landing in the country until 30 April, extending two earlier bans that began on 4 April and were expected to end on 18 April. Exceptions to the ban will only apply to state or military aircraft, emergency landings, aircraft making technical stops, ...
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NewsVirgin Australia extends trading suspension amid financing talks
Virgin Australia has requested for a trading suspension following a trading halt, while it continues to work out funding options. Australia’s second-largest carrier requested a trading halt on 14 April, due to end this morning, to discuss financing and restructuring alternatives. The airline is now requesting a suspension for seven ...
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AnalysisHow Covid-19 is changing aviation in Asia-Pacific
Covid-19 has sent airlines and airports worldwide reeling and predicting the future is impossible. One thing is certain, some airlines in Asia-Pacific will fail, as the region had concerns about overcapacity and a glut of plane orders before the crisis. “Before coronavirus, the APAC region was very busy and there ...
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NewsAlaska to collect nearly $1bn in payroll support
Alaska Air Group, the parent of Alaska Airlines and Horizon Air, will accept $992 million in payroll support and plans to apply for $1.1 billion in loans to support short-term liquidity under the provisions of the federal CARES Act. The Seattle-based company on 14 April said it had agreed with ...
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NewsDelta secures $5.4 billion in CARES Act payroll support
US carrier Delta Air Lines will receive $5.4 billion in emergency funding through the CARES Act’s payroll support programme.
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NewsIndian low-cost carriers outline post-lockdown plans
Some Indian low-cost carriers have outlined post-lockdown operation plans after the country’s civil aviation authority extended a ban on flights in a bid to slow the spread of the coronavirus. The country’s civil aviation authority said on 14 April that all domestic and international scheduled airline operations will remain suspended ...
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NewsAsia-Pacific carriers extend capacity cuts
Air New Zealand and South Korea’s major airlines will keep their international schedules pared down, according to updates from the carriers. Air New Zealand is extending its minimal schedule, which has 95% of its capacity cut, through to the end of June, it said on 11 April. It is maintaining ...
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NewsFinnair and Juneyao deepen ties despite ‘challenging times’
Finnair has affirmed its commitment to the Chinese market amid “immensely challenging times” with the signing of a letter of intent with Shanghai’s Juneyao Air. The airlines plan to establish a joint venture on the Helsinki-Shanghai route, on which the two carriers have already been codesharing since last June. This, ...
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NewsIndia extends flight suspensions till 3 May
India will suspend all scheduled passenger flights for nearly three more weeks after the country extended a coronavirus-related lockdown.
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NewsNorwegian share price plummets on debt conversion plan
Scandinavian budget carrier Norwegian saw its share price nosedive when markets opened on 14 April, following its 8 April proposal to convert debt to equity in order to qualify for state aid. Shortly after the Oslo stock exchange reopened following the long Easter weekend, Norwegian’s share price was at one ...