All articles by Cirium – Page 56
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NewsEmirates and Etihad add more flights to schedules
Middle Eastern carriers Emirates and Etihad have added more cities to their flight schedules as they resume limited services. Dubai-based Emirates will add services to Jakarta, Manila, Taipei, Chicago, Tunis, Algiers and Kabul, commencing 16 April. It said on 13 April: “Only citizens of the destination country and those who ...
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NewsVirgin Australia enters trading halt amid financing talks
Virgin Australia has requested a halt in the trading of its shares while it discusses financing and restructuring options. The airline, which has requested a A$1.4 billion ($900 million) bailout from the federal government, said today it plans to come out of the trading halt on the morning of 16 ...
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NewsSkyWest applies for aid as Washington adjusts terms for regionals
The US Treasury Department will not require carriers that will receive under $100 million in federal payroll grants to provide equity as a condition attached to the coronavirus relief funding following complaints from regional airlines about their unique financial challenges. The decision may simplify matters for SkyWest Airlines, which on ...
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NewsAPAC airports rejig runway and terminal operations amid Covid-19
Airports across Asia-Pacific have had to make changes to operations as they grapple with reduced traffic due to the coronavirus outbreak. In Japan, Tokyo Narita International airport has closed one of two runways from 12 April, 06:00 local time, until further notice. “Therefore, in order to ensure operational safety and ...
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NewsJuneyao Air expects $600 million aircraft capex in 2020-2022
Juneyao Air anticipates $600 million in aircraft capital expenditures from 2020 to 2022, outlining its plans around the expected delivery of 32 aircraft during that period in its latest annual report. The mainline carrier is scheduled to receive nine aircraft per year in 2020 and 2021, comprising two Boeing 787s ...
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NewsAirAsia Group to retain all staff: chief executive
AirAsia Group’s chief executive Tony Fernandes has made a commitment to retain all staff, even with 96% of its fleet grounded. The group has “no revenue coming in”, Fernandes says in a statement published on AirAsia carriers’ websites, alongside ongoing financial commitments such as those to fuel suppliers and leasing ...
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NewsJapan’s airlines cut domestic flights after emergency declaration
Major Japanese carriers have shrunk domestic schedules after the country entered a state of emergency to try and halt the spread of Covid-19. This applies to Tokyo, Osaka, and five other prefectures, and was effective 8 April. It takes the form of a request rather than an order, but gives ...
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NewsCanberra mulling Virgin Australia’s bailout request: deputy PM
The Australian government is still considering Virgin Australia’s request for a bailout, the deputy prime minister said, after the carrier cut schedules further. “We will continue to look at the situation, I will continue to talk to the key stakeholders, Qantas and Virgin,” Michael McCormack said in an interview with ...
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NewsEasyJet defers order for 24 Airbus jets
EasyJet has agreed a deal with Airbus to push back an order for 24 aircraft due for delivery in 2020-2022.
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NewsEurope’s airports to lose more than a billion passengers in 2020
European airports lost more passengers in March than in the whole of 2009 when the world was in the midst of a global financial crisis, figures released today by ACI Europe reveal.
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NewsLessors’ Max orders at risk with Avolon cancellation
Avolon is removing 75 Boeing 737 Max jets from its orderbook, and while the world’s fourth largest lessor by fleet value says it “remains committed” to the type, these add to cancellations from before the coronavirus pandemic.
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NewsAir France-KLM running ‘skeleton operation’ in April and May
Air France-KLM slashed capacity by more than a third in March and will run a “skeleton operation” throughout April and May.
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NewsAir Lease sees decrease in first-quarter deliveries
Air Lease Corporation (ALC) delivered fewer aircraft in the first quarter versus the year-ago period, while its financing activity increased. The Los Angeles-based lessor says in a statement that it delivered eight new aircraft from January to March, comprising two Airbus A320neos, four A321neos, and two Boeing 787-10 Dreamliners. It ...
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NewsHong Kong aviation sector to receive further state funding
Hong Kong’s aviation sector will receive an extra HK$2 billion ($254 million) under a follow-on government relief package which includes the advance purchase of half a million airline tickets to be given away when the coronavirus pandemic subsides. Airport Authority Hong Kong says it has put together the package on ...
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NewsBA crew members ratify furlough deal
British Airways’ plan to furlough more than 30,000 employees – a mix of cabin crew and ground staff – has been overwhelmingly ratified by union members.
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NewsEasyJet founder threatens legal action over Airbus order
EasyJet is standing behind its chief financial officer and its decision to borrow millions from the UK government after a fresh attack from founder and major shareholder Stelios Haji-Iaonnou, who is threatening to take legal action against the budget carrier.
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AnalysisCoronavirus cripples recovery of Malaysian carriers
2020 was supposed to provide Malaysian carriers a boost, with the “Visit Malaysia 2020” tourism campaign targeting 30 million visitor arrivals. Instead, the coronavirus pandemic has pushed the airlines to rejig plans and focus on survival, just weeks after some of them reported improvements in 2019’s operating performance. Bo Lingam, ...
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NewsGoAir eyes tentative post-lockdown relaunch dates
Indian budget carrier GoAir is tentatively eyeing 15 April and 1 May for the respective relaunch of domestic and international flights, once the country emerges from its three-week lockdown that began last month. “Considering that the lockdown in India is from 25 March to 14 April 2020, GoAir is open ...
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NewsSouth Korean carriers take further measures to cope with coronavirus
South Korean carriers are battling the coronavirus pandemic by placing staff on leave and looking to strengthen their balance sheets. Asiana Airlines announced on 7 April it is increasing the limit on its credit lines with the Korea Development Bank and the Export-Import Bank of South Korea by a total ...
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NewsIATA reiterates need for ‘urgent’ liquidity assistance
Airlines around the world are in desperate need of government liquidity support which in many cases is taking too long to reach them, IATA has warned. Describing the coronavirus shutdown as “the biggest crisis we have ever had”, IATA director general Alexandre de Juniac stresses that although many governments have ...