All articles by Cirium – Page 67
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NewsFinnair explores pilot furloughs amid China pullback
Finnair has begun talks about temporary layoffs with its long-haul pilots following a reduction in its services to China because of the coronavirus outbreak.
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NewsThai Airways’ Nok stake further diluted after new share issue
Thai Airways’ stake in Nok Air has been diluted from 16% to 13.3% after the budget operator completed a Bt1.55 billion ($49.7 million) capital-raising exercise.
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NewsSIA selectively cuts non-China flights amid coronavirus outbreak
Singapore Airlines (SIA) and SilkAir are selectively cutting several flights outside of China for the next three months due to weak demand caused by the coronavirus outbreak. On 17 February, SIA switched its Singapore-Hong Kong-San Francisco service to a non-stop Singapore-San Francisco service, which will operate until 28 March. It ...
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NewsAir Lease ready to accommodate clients hit by coronavirus crisis
Air Lease is willing to support customers affected by flight cancellations and falling passenger traffic amid fears over the coronavirus. The US lessor says it can help airlines by purchasing aircraft, either for cash or via sale-and-leaseback, or by allowing temporary lease-payment reprieves. “It’s only in the last five or ...
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NewsUdvar-Hazy hits out at European politicians over ATC inefficiency
Air Lease executive chairman Steven Udvar-Hazy has criticised European politicians for failing to address air traffic control inefficiency as part of their efforts to limit aviation’s environmental impact. “You have all these politicians making a lot of noise about airlines polluting the earth, but they can’t get a united skies ...
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NewsFormer chief returns to Scoot for second stint at helm
Campbell Wilson will rejoin Singapore Airlines subsidiary Scoot on 1 April and begin his second stint as chief executive of the low-cost carrier. Wilson – who previously led Scoot between 2012 and 2016 before becoming the group’s executive vice-president of sales and marketing – will succeed Lee Lik Hsin, who ...
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NewsSIAEC takes 49% stake in Malaysia’s Pos Aviation Engineering
SIA Engineering (SIAEC) is expanding into the Malaysian market, with a 49% stake acquisition in Pos Aviation Engineering Services (PAES). The MRO arm of Singapore Airlines is acquiring the stake from Pos Aviation, the parent company of PAES, in a deal valued at MYR10.1 million ($2.44 million). Pos Aviation is ...
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NewsMalaysia Airlines inks codeshare pact with LATAM
Malaysia Airlines has signed a codesharing agreement with LATAM Airlines, extending its reach into South America starting this month. The Malaysian carrier will codeshare on LATAM-operated flights from points in Australia and New Zealand to Santiago, and LATAM will codeshare on Malaysia-operated flights to Kuala Lumpur. Cirium ...
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NewsSpiceJet third quarter profits up a third despite 737 Max grounding costs
Indian budget carrier SpiceJet saw a 33% year-on-year uptick in operational profit during the third quarter following the expansion of its fleet and addition of new routes in 2019. Operating profit rose to Rs732 million ($10 million) during the third quarter ending in December, up from Rs550 million for the ...
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NewsPassenger growth lifts Singapore Airlines’s third-quarter results
Singapore Airlines’ group operating profit grew 15.7% during the third-quarter to S$449 million ($323 million) on the back of strong growth in the passenger business, and despite declining cargo earnings.
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NewsQantas prepared to bypass union for Project Sunrise
Qantas is keen to go ahead with Project Sunrise, even if its pilots are not on board. “It’s become clear that Sunrise is something that our international business needs to maximise its long-term success and defend its competitive position,” Qantas International chief executive Tino La Spina wrote in an internal ...
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NewsNorwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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NewsAlaska plans Oneworld entry by mid-2021
Alaska Airlines will join Oneworld alliance as a full member by mid-2021, allowing American Airlines to connect flights through the Seattle-based carrier’s West Coast network.
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Airline BusinessNorwegian counts costs of 737 Max and Trent 1000 disruptions
Norwegian estimates that disruption from the Boeing 737 Max grounding and ongoing issues with the Rolls-Royce Trent engines on its 787 fleet have led to a combined NKr1.7 billion ($183 million) net loss for 2019.
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NewsComair blames Max delay and SAA debt for expected first-half loss
South African carrier Comair warns that it expects to post a loss for the six months ending 31 December 2019 because of the ongoing Boeing 737 Max grounding and an unpaid debt by South African Airways.
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NewsFormer Airbus Americas exec supports smaller Boeing NMA
Boeing needs to reinvigorate aerospace competition with a new aircraft programme, former Airbus Americas president Barry Eccleston said on 12 February, calling for the US airframer to introduce a smaller aircraft than its original draft for a 270-seat New Mid-market Airplane (NMA). “The dominant Airbus, Boeing duopoly” has dulled competition ...
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NewsVirgin Atlantic to resume Cape Town flights after six year absence
Virgin Atlantic is resuming seasonal service to Cape Town, six years after axing the South African city from its network.
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NewsCathay details flight suspensions caused by coronavirus
London Gatwick, Rome and Washington Dulles are among a raft of international routes that are being suspended until the end of March by Cathay Pacific as it seeks to conserve cash during the ongoing coronavirus outbreak.
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NewsLessor Avation orders two more ATR 72s for placement with US-Bangla
Singapore lessor Avation has converted purchase rights on two ATR 72-600s into firm orders and will place the turboprops with US-Bangla Airlines on lease later this year.
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NewsFAA administrator details the steps to ungrounding of 737 Max
Adiministration awaits proposals from Boeing ahead of scheduling test flight