All articles by Cirium – Page 70
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NewsRyanair renews attack on Flybe rescue deal
Ryanair group chief executive Michael O’Leary has ratcheted up his criticism of the UK government’s rescue of Flybe, describing the business model of the regional carrier “doomed to fail” and arguing that the deal contravenes state-aid rules.
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NewsIndiGo eyes international growth as Q3 profit more than doubles
IndiGo will focus on increasing capacity on routes outside its home market to ensure an even split between international and domestic services, after facing strong competition from other low-cost carriers within India.
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NewsLOT parent to start Condor 767 replacement by 2024
Condor’s new Polish owner intends to replace the 16 ageing Boeing 767s operated by the airline with a larger fleet of long-haul aircraft.
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NewsAngkasa Pura I to lease ATR freighters for cargo operations
Indonesian airport operator Angkasa Pura I (AP I) is leasing two ATR 72-500 freighters from Pelita Air Service for its logistics arm to operate air cargo services. The company says that the aircraft will operate from Jakarta to Balikpapan and Makassar later this year, but did not specify the nature ...
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NewsNokScoot gets $6.6 million loan from major shareholder
NokScoot has obtained a Bt200 million ($6.56 million) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s chief executive, Wutthiphoom Jurangkool. In a disclosure to the Stock ...
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NewsAirbus talks up A220’s regional credentials as NAC firms order
Nordic Aviation Capital has firmed up its order for 20 Airbus A220-300s, prompting the manufacturer to highlight the aircraft’s relevance in the regional aviation market. Regional aircraft lessor NAC had signed a memorandum of understanding for 20 A220s in June 2019. Airbus chief commercial officer Christian Scherer states that NAC’s ...
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NewsJetBlue cautious in Q1 amid Puerto Rico quakes
JetBlue Airways Corporation on 23 January reported a net profit of $161 million during the fourth quarter of 2019 that slightly beat analyst expectations despite being a 5% decline year-on-year versus $170 million in 2018. The New York-based carrier during the fourth quarter reported $2 billion in operating revenue, up ...
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AnalysisE-Fan X hybrid project edges towards system integration
Airbus has started preparing a BAE Systems Avro RJ100 for installation of an experimental hybrid-electric propulsion system later this year, as part of the joint E-Fan X technology project with Rolls-Royce.
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NewsAsian carriers suspend Wuhan flights in wake of virus outbreak
Several Asian carriers have suspended flights to Wuhan, as the Chinese city is put on lockdown to contain a respiratory virus outbreak.
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NewsSwiss completes A340 interior upgrade programme
Swiss has completed a cabin refurbishment programme on its five remaining Airbus A340s, to bring their interiors in line with the Lufthansa subsidiary’s Boeing 777 long-haul fleet.
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NewsUnited commits to EPS target with or without Max
United Airlines focused its 22 January fourth-quarter 2019 financial results call with analysts on the earnings metric itself, with president and soon-to-be chief executive Scott Kirby saying “that is the key metric” given the uncertainty surrounding the return to service of the Boeing 737 Max. “We want to focus our ...
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NewsAir Canada keeps Max out of its schedules through June
Air Canada has extended the absence of the 737 Max from its schedules through 30 June as the grounding of the aircraft drags on and the US Federal Aviation Administration continues its review of whether they are safe to resume service. The Montreal-based carrier’s 22 January announcement comes a day ...
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NewsStandardAero takes over turbine repair shop TRS Ireland
US maintenance provider StandardAero has acquired turbine component coating specialist TRS Ireland. Cork-based TRS is in the business of coating blades, vanes and other hot-section engine components, and its capabilities span the CFM International CFM56 series. It has more than 180 OEM approvals and “unique” certifications from the US Federal ...
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NewsRegional aircraft lessors and OEMs see unfulfilled demand
Demand for leased regional aircraft is “unfulfilled” and the market offers “unique opportunities” for investors, according to panel participants at the Airline Economics Growth Frontiers conference in Dublin. During the webcasted session, Chorus Aviation Capital president Steven Ridolfi highlighted “real demand for leases in the regional aircraft space that is ...
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NewsHas the growth of LCCs in Asia-Pacific peaked?
There has been a surge in low-cost travel options across Asia-Pacific since the early 2000s – but the sector may now be on the cusp of a slowdown. In the past year, low-cost carriers have stepped up co-operation while seeking to differentiate themselves, but merger and acquisition activity highlights the ...
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NewsAir Niugini could rethink fleet after pushing back Max deliveries
Air Niugini is delaying deliveries of four ordered Boeing 737 Max jets until at least 2024, and indicates it might reconsider operating the aircraft at all. Managing director Alan Milne explains the delay was effected as the Papua New Guinean airline undertook a broader review of its fleet plan, including ...
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NewsAir freight executives see subdued 2020 before rebound
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world.
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NewsGaruda Indonesia names new leadership team
Garuda Indonesia has named a new leadership team at an extraordinary general meeting today, following the dismissal of former chief, Ari Askhara. Irfan Setiaputra will take up the chief executive mantle and Dony Oskaria was named his deputy. Source: Cirium Setiaputra’s LinkedIn profile states that he ...
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NewsMAVCOM fines AirAsia carriers and Malaysia Airports
The Malaysian Aviation Commission (MAVCOM) has imposed fines on local AirAsia carriers and a Malaysia Airports (MAHB) subsidiary for various infringements. AirAsia and AirAsia X were each fined MYR2 million ($491,000) for charging payment processing fees separately from base fares, which contravenes local laws on consumer protection. This is their ...
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NewsCebu expands network to Los Angeles and Doha
Cebu’s Mactan airport will soon expand its network beyond the region, with new services to Los Angeles and Doha starting next quarter. Philippine Airlines (PAL) plans to resume a Cebu-Los Angeles service on 2 May, after a three-year suspension due to capacity rationalisation. The service will be operated thrice-weekly using ...