All articles by Cirium – Page 69
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NewsUnited president encouraged by Boeing NMA ‘blank sheet’
United Airlines president Scott Kirby is encouraged that Boeing will go back to the drawing board for its proposed New Mid-market Airplane (NMA) widebody aircraft even as it remains mired in the grounding of 737 Max aircraft. “We are encouraged that Boeing is taking a blank sheet on the NMA,” ...
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News2019 the worst year for air freight in a decade: IATA
Last year brought the steepest decline in demand for air freight since 2009, newly released IATA data shows. Freight tonne-kilometres fell 3.3%. “This was the first year of declining freight volumes since 2012, and the weakest performance since the global financial crisis in 2009 (when air freight markets contracted by ...
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NewsCathay Pacific asks staff to take unpaid leave amid coronavirus fallout
Cathay Pacific is encouraging its employees to take three weeks of unpaid leave, in a bid to save money, after being forced to slash capacity by 30% as a result of falling demand related to China’s coronavirus outbreak.
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NewsQatar Airways in negotiations to acquire 49% of RwandAir
Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir and is “keen to invest” in Indian low-cost carrier IndiGo when the time is right, the Gulf carrier’s chief executive Akbar Al Baker disclosed today.
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NewsGMF AeroAsia undecided on private placement
GMF AeroAsia remains undecided on plans for a private share placement, even as a two-year deadline draws close. In March 2018, shareholders gave their approval to issue 2.82 billion new shares, about 10% of total shares. Of this, around 2.33 billion shares will be issued to a strategic investor selected ...
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NewsCebu Pacific expects up to $79 million hit from coronavirus
Cebu Pacific expects the coronavirus outbreak to impact its bottom line by up to Ps4 billion ($79 million). The low-cost carrier estimates that it will see “a Ps3-4 billion swing on profit” should the outbreak remain unabated over the next six months. It makes this estimate based on 2003’s Severe ...
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NewsAirAsia names acting chief amid Airbus probe
Bo Lingam has been appointed AirAsia Group’s acting chief executive, after founders Tony Fernandes and Kamarudin Meranun stepped down temporarily to facilitate an independent probe into Airbus bribery allegations. Lingam is currently the group’s president for airlines and will serve in the acting role for two months “or such other ...
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NewsKorean Air enters Budapest with passenger and cargo services
Korean Air is expanding into the recently opened Seoul Incheon-Budapest sector with passenger and cargo services. Cirium schedules data shows that LOT Polish Airlines was first to launch a scheduled Seoul Incheon-Budapest passenger service in September 2019, flown three times-weekly on Boeing 787-8s configured with 252 seats. Source: ...
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NewsEtihad sells A330 and 777-300ER fleets to Altavair and KKR
Etihad Airways has agreed to sell its fleet of Airbus A330s and Boeing 777-300ERs to Altavair AirFinance and private equity firm KKR, in a deal valued at $1 billion.
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NewsRyanair doubles down on Boeing 737 Max
Ryanair plans to purchase further Boeing 737 Max aircraft once the aircraft returns to service, in addition to taking delivery of the 210 it has already has on order or under option.
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NewsJAL’s third-quarter profit hit by weak international demand
Japan Airlines (JAL) posted a 20% decline in third-quarter operating profit, on the back of lower revenue from the international passenger and cargo segments. Operating profit for the three months ended 31 December 2019 came in at Y38.8 billion ($357 million), the carrier states in an investor presentation. Domestic passenger ...
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NewsJeju Air delays Eastar Jet acquisition to end-February
Jeju Air has delayed acquiring a majority stake in compatriot Eastar Jet by yet another month, again citing the due diligence process. “There are no issues with the process [and the delay] is just about the shortage of time. We expect to close the deal in February,” Jeju tells Cirium. ...
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NewsAmerican pilots file lawsuit for immediate halt to China flights
American Airlines pilots, represented by the Allied Pilots Association (APA), have filed a lawsuit seeking an immediate halt to the carrier’s flights to mainland China. This came shortly after the World Health Organization (WHO) declared the coronavirus outbreak in China an international public health emergency on 30 January. The union ...
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NewsPrague gains first Southeast Asian link to Hanoi
Prague will be connected to Southeast Asia for the first time when Vietnam’s Bamboo Airways launches its Hanoi-Prague service in April. Prague Airport, the operator of Prague Vaclav Havel airport, says Bamboo will operate the twice-weekly service with Boeing 787-9s, which are configured with 298 seats and adds close to ...
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NewsAir Canada suspends Beijing and Shanghai amid coronavirus
Air Canada says it will suspend all direct flights to Beijing and Shanghai through February, following a notice from Canada’s government advising against non-essential travel to mainland China on fears about the deadly Wuhan coronavirus. The suspension of the carrier’s outbound flights from Toronto, Montreal and Vancouver begins 30 January, ...
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OpinionWill Boeing cancel the 737 Max?
Rob Morris, global head of consultancy with Ascend by Cirium, provides an overview of the 737 Max programme and uses the data available to evaluate whether Boeing should cancel it.
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NewsRyanair seals deal with Irish pilots but signals Max-driven cuts
Ryanair has reached a four-year labour agreement with the union representing its Ireland-based pilots, but has renewed its warning of potential job losses and base closures as a result of the latest Boeing 737 Max delay.
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NewsEmirates launches fifth freedom Singapore-Penang flights
Emirates is extending one daily Dubai-Singapore service to Penang from 9 April, having secured fifth freedom rights between the neighbouring countries. The Dubai-based carrier says it will deploy Boeing 777-300ERs, configured with 354 seats across three classes, bringing nearly 2,500 seats per week on the route. Source: Emirates ...
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NewsUnited suspends some flights to China
Citing a significant drop in load factors, United Airlines has suspended some of its flights to China, which is reeling from the spread of the novel coronavirus (2019-nCOV). “Due to a significant decline in demand for travel to China, we are suspending some flights between our hub cities and Beijing, ...
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NewsAzul to sub-lease E195 fleet to LOT and US start-up
Azul is to sub-lease its entire fleet of Embraer 195s to Polish flag-carrier LOT and US start-up Breeze Aviation, in order to accelerate a transition to the more fuel-efficient E195-E2 variant. The Brazilian airline has disclosed a letter of intent for the sub-lease of 18 firm aircraft and 14 options ...