All articles by Cirium – Page 68
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NewsGol speeds Max renewal plans with sale-and-leaseback on 11 Boeing 737s
Gol has signed a sale-and-leaseback deal with lessor Carlyle Aviation for 11 of its Boeing 737NGs, as the Brazil-based low-cost operator takes steps to deleverage its balance sheet
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NewsJapanese start-up Zipair indicates plans for transpacific flights
Japanese start-up Zipair is positioning itself as a mid- to long-haul carrier and has plans for transpacific flights.
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NewsLessor BBAM orders trio of Boeing Converted Freighters
Aircraft lessor BBAM has ordered three 737-800 Boeing Converted Freighters, the US airframer has disclosed.
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NewsRegional aircraft lessor NAC picks former ATR chief for CEO role
Former ATR chief Patrick de Castelbajac is set to head Nordic Aviation Capital (NAC) from the second half of 2020 as Soren Overgaard leaves the role.
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NewsPNG unveiled as launch customer for STOL variant of ATR 42-600
PNG Air has become a launch customer for the short take-off and landing version of the ATR 42-600. The Papua New Guinean airline will use ATR 42-600S twin-turboprops to replace part of its De Havilland Canada Q100 turboprop fleet. Source: BillyPix Stefano Bortoli, CEO of ATR and Paul ...
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NewsRyanair chief marketing officer steps down
Ryanair’s chief marketing officer, Kenny Jacobs, is leaving the airline after six years in the role.
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NewsVietJet ramps up India services with new Delhi and Mumbai links
VietJet Air is ramping up services to India in mid-May by starting two Mumbai services and adding a third route to Delhi.
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AnalysisCoronavirus to hit harder than SARS
The coronavirus outbreak may be costing the aviation sector more than the Severe Acute Respiratory Syndrome (SARS) did in 2003, even as the world is just coming to terms with the new strain.
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NewsSIA Engineering posts steady third-quarter result
Singapore’s SIA Engineering (SIAEC) posted a steady operating profit for the three months ended 31 December, with marginal declines on both costs and revenues. Revenue was down by 1.5% to S$252.1 million ($181.5 million), largely due to a decrease in airframe and line maintenance revenue. Expenditure declined 1.7% to S$236 ...
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NewsIcelandair reiterates interest in potential Airbus order
Icelandair intends to decide over “the next few months” whether to introduce Airbus types to its all-Boeing fleet.
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NewsIcelandair counts costs of 737 Max grounding
Icelandair Group estimates that the Boeing 737 Max grounding has had a net negative effect of $100 million on the company’s EBIT to date.
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NewsMalaysian prime minster weighs in on AirAsia-Airbus probe
Malaysia’s prime minister Mahathir Mohamad has weighed in on bribery allegations around AirAsia Group’s aircraft orders from Airbus. “Usually when the [Malaysian] government buys equipment, we would often ask [the manufacturer] for an offset. Meaning, if we were to buy an aircraft, we would ask for an offset,” Mahathir told ...
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NewsWeak cargo halves Korean Air’s full-year profit
Korean Air’s full-year operating profit declined by 56.4% due to a sharp decline in cargo revenues, against a weak economic backdrop. Operating revenues were down by 2.8% to W12.3 trillion ($10.4 billion), dragged lower by a 15% decline in cargo revenues. This was partially offset by a marginal increase in ...
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NewsVirgin Australia bows out of Hong Kong market
Virgin Australia has decided to drop Hong Kong services, citing the ongoing civil unrest and the recent coronavirus outbreak. Following a “comprehensive review of the route”, the carrier will cease service on Sydney-Hong Kong from 2 March, after the previously announced suspension of Melbourne-Hong Kong from 11 February. Cirium schedules ...
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NewsIATA: Passenger growth ‘slower but steady’ in 2019
Global airline passenger demand grew 4.2% in 2019, newly released data from IATA shows, but this was below a long-term growth rate of around 5.5%. It was the weakest reading for revenue passenger-kilometre growth since 2009, and a decline from 7.3% in 2018. Nonetheless, it significantly outpaced the rise in ...
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NewsSAA slashes network as it strives for profitability
South African Airways is cutting around half of its long-haul routes and almost all of its domestic network, the flag carrier’s “business rescue practitioners” have disclosed as they seek to transform it into a sustainable and profitable business.
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NewsMRO players join forces to start sector-wide blockchain trial
Multiple MRO players have formed a partnership to jointly investigate and set standards for the use of blockchain technology to digitally track aircraft parts.
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NewsVietnamese conglomerate nixes Vinpearl Air startup
Vietnamese conglomerate Vingroup has abandoned plans to establish an airline known as Vinpearl Air, citing a desire to focus on its core strengths and a potential oversupply in the aviation market.
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NewsKorean Air offloads non-core assets and pledges transparency
Korean Air is selling non-core assets in a bid to “improve its financial position and increase its corporate transparency”. This includes real estate in downtown Seoul and a 100% owned leisure company that operates a resort in Incheon, just outside Seoul. Plans for the assets in question had to be ...
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NewsJAL signs codeshare pacts with MIAT Mongolian and Royal Brunei
Japan Airlines is extending its reach into Mongolia and Brunei through codesharing pacts with their respective flag carriers. JAL says the codeshare with MIAT Mongolian Airlines would cover that carrier’s flights from Ulaanbaatar to Tokyo Narita and Osaka Kansai, starting 31 March. Cirium schedules data show that MIAT flies five ...