All articles by Cirium – Page 71
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NewsGECAS sees soft landing for airline earnings in 2020
GECAS believes industry earnings may decline slightly into 2020, but positive wider economic conditions and strong passenger demand for air travel will prevent any significant drop.
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NewsFAA and IATA optimistic on reception of 737 Max review
Regulatory officials are optimistic that safety authorities in Europe and other regions are confident in the US Federal Aviation Administration’s safety review process to return Boeing 737 Max aircraft to service. Regulators outside the USA have vowed they will not rely on FAA approval and conduct their own reviews as ...
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NewsAir France-KLM downplays Malaysia Airlines stake rumours
Responding to rumours that it plans to acquire a stake in Malaysia Airlines, Air France-KLM states that it “is not a current party to the sales process” of the Kuala Lumpur-based carrier “at this stage”. However, the Franco-Dutch airline group confirms in a statement that it “had previously been in ...
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NewsUnited Q4 2019 non-fuel unit costs up 2.7%
United Airlines’s non-fuel unit costs (CASM ex-fuel) increased by 2.7% year-over-year in the fourth quarter of 2019, while full-year non-fuel costs rose by 1% compared to 2018. In the third quarter of 2019 United’s non-fuel unit costs increased by 2.1% in the third quarter compared with the same period in ...
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NewsAmerican sees 1.7% growth in Miami passenger traffic
American Airlines served 30.3 million passengers at Miami International airport in 2019, a year-over-year increase of 1.7% and the most passengers it has carried through Miami since establishing the hub 30 years ago, the Dallas-based airline states 21 January. American operates more than 340 daily flights from Miami, including routes ...
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NewsEtihad training arm wins EASA approval to train 777/787 pilots
Etihad Airways’ training unit has received European Union Aviation Safety Agency (EASA) approval to train Boeing 777 and 787 pilots on behalf of airlines based in Europe and those outside the continent which follow its safety standards. Etihad Aviation Training, which has 11 full-motion simulators including five 777 and 787 ...
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NewsAer Lingus ‘held back’ by A321LR delivery delays
Aer Lingus chief executive Sean Doyle has bemoaned the impact that delayed deliveries of Airbus single-aisle aircraft have had on the Irish flag carrier’s expansion plans.
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NewsCapacity discipline and rival’s collapse boost EasyJet revenue
EasyJet’s revenue rose nearly 10% in its fiscal first quarter, driven by strong demand and the collapse of UK rival Thomas Cook, prompting the low-cost airline to raise guidance for the remainder of the year.
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NewsCitilink connects Avalon to Indonesia with Denpasar service
Melbourne’s Avalon airport will be connected to Indonesia for the first time, when Citilink launches a Denpasar service this month. From 24 January, the low-cost arm of Garuda Indonesia will carry 178 passenger and cargo on a daily service operated with Airbus A320neos, says Avalon airport. Cirium data shows that ...
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NewsCDB Aviation’s fleet grew 20% in 2019
CDB Aviation acquired 40 aircraft on operating lease in 2019, growing its fleet by 19.7% year-on-year. In a statement summarising last year’s activity, the lessor says it signed lease transactions for 54 aircraft, along with agreements to sell 22 aircraft and acquire 17. Financing transactions inked during the year are ...
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NewsPhilippine Airlines leases two Dash 8s from TrueNoord
Philippine Airlines has agreed to lease two new De Havilland Canada Dash 8-400s from TrueNoord. One of the turboprops has already been delivered, says the regional aircraft lessor, and the other will join the airline’s fleet in February. The two aircraft, registered as MSN4610 and MSN4612, are the first Dash ...
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NewsNAC fleet reaches 500 aircraft
Nordic Aviation Capital has increased its fleet to 500 aircraft and posted its best first-half financial performance for the first six months of its current financial year. The Danish regional aircraft lessor, which has just opened a new headquarters building in the Irish city of Limerick, says it almost doubled ...
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NewsUdvar-Hazy: Boeing should rename ‘damaged’ 737 Max
Air Lease executive chairman Steven Udvar-Hazy believe Boeing should drop the word “Max” from the name of its latest Boeing 737 family, following two fatal crashes and the subsequent grounding.
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NewsAvolon foresees industry ‘turbulence’ in 2020
Boeing’s 737 Max “will safely return to revenue service” in 2020, Avolon has predicted in a new report, but the lessor expects “turbulence” in the aviation industry amid geopolitical uncertainty and rising environmental concerns.
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NewsXiamen Airlines seeks financing for two new ARJ21s
Xiamen Airlines is looking to finance two new Comac ARJ21 aircraft. The Chinese carrier is inviting bids from parties with net assets worth at least CNY100 million ($14.6 million) in their latest audited full-year financial statements. Alternatively, bidders should have experience providing aircraft financing, including sale-and-leaseback transactions, to China’s three ...
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Airline BusinessChaotic leadership is holding Garuda back
Garuda’s revolving door of leaders has proved detrimental to its long-term interests and must be addressed for the carrier to get back on track. Emblematic of deep-seated organisational issues, the worst blows Garuda suffered in 2019 were the misstatement of its 2018 financial results and the public dismissal of its ...
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NewsSIA and ANA in joint venture talks: reports
Singapore Airlines (SIA) and All Nippon Airways’ (ANA) are said to be discussing a joint venture partnership, The Straits Times has reported. It says the Star Alliance carriers may seal a deal by the end of this month and the scope of the proposed partnership is for flights between Japan ...
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NewsFlybe rejects rivals’ bailout complaints
Flybe has dismissed suggestions by rivals Ryanair, EasyJet and IAG that the UK regional carrier is receiving unfair and illegal state subsidies, following the government’s decision to provide a bailout package.
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NewsIAG removes non-EU ownership limit
IAG has disclosed that the proportion of its shares held by “non-EU persons” has declined to 39.5%, from 47.5% in February 2019, enabling the group to remove maximum limits on non-EU ownership that ensure regulators class it as a European airline.
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NewsANA expands Australian network with Virgin codeshare
ANA has inked a commercial partnership agreement with Virgin Australia, a new entrant to the Australia-Japan sector. From 30 January, ANA will place its code on six domestic routes operated by Virgin, from Sydney to Brisbane, Melbourne, Cairns, Canberra, Gold Coast and Adelaide. The partners expect to announce more codeshare ...