All articles by Cirium – Page 73
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News‘Flight shame’ a factor in Swedish traffic decline
Passenger numbers at Swedish airports declined 4% last year, to around 40 million, from an all-time high the previous year.
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NewsTUIfly to start German-based 787 operation in Dusseldorf
TUI’s German airline operation has selected Dusseldorf as a base for a planned long-haul operation with Boeing 787s.
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AnalysisWhy IAG’s outgoing chief will be a tough act to follow
The structure of IAG, with Willie Walsh as chief architect, has arguably given it the strongest foundations among peers.
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NewsRyanair ups annual profit guidance from €800-900m to €1bn
Ryanair has raised its profit guidance for the year ending 31 March to €1 billion ($1.1 billion), from a previous €800-€90 million, after a last-minute surge in Christmas and New Year bookings.
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NewsAir Lease chief Plueger praises ‘order-book model’
New or recent entrants to the aircraft leasing marketplace that lack discipline risk becoming buying opportunities for the top handful of lessors, says Air Lease Corporation chief executive John Plueger at the 9 January Bank of America Merrill Lynch 2020 Defense Outlook & Commercial Aerospace Forum in New York. Drawing ...
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NewsGallego to provide ‘continuity’ as new IAG chief: Bernstein
Iberia boss Luis Gallego’s appointment to succeed Willie Walsh when the IAG chief executive retires later this year has been welcomed by Bernstein analysts, who see him as a “continuity” candidate.
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NewsIndonesia’s Jambi airport to undergo expansion in 2021
Angkasa Pura II (AP II) will invest Rp303 billion ($21.9 million) to expand Indonesia’s Jambi Sultan Thaha airport and the works will begin next year. This will increase the airport’s handling capacity from 1.6 million to 2.6 million passengers annually, says AP II’s president director Muhammad Awaluddin. The runway will ...
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NewsGaruda hopeful about return to profitability
Higher yields during 2019 could bring take Garuda Indonesia back into the black.
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NewsAirlines reroute to avoid Iranian and Iraqi airspace
Airlines operating between Asia and Europe are rapidly adjusting their flightpaths to avoid Iranian and Iraqi airspace, following military conflict between Iranian and US forces in Iraq and the crash of a Ukrainian International Airlines Boeing 737 after take-off from Tehran.
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NewsUnited records $90m impairment on Hong Kong routes
United Airlines will record a special non-cash impairment on its Hong Kong routes owing to a fall in demand. The Chicago-based airline will take a $90 million impairment on its routes to the Asian city, which are pledged under its $1.5 billion 2017 term loan, due to lower unit revenues ...
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NewsAlaska Air Group CFO to retire in March
Alaska Air Group’s chief financial officer Brandon Pedersen will retire on 2 March after working in finance positions at the company since 2003.
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NewsNorwegian misses zero-capacity-growth goal but ups unit revenue
Scandinavian budget carrier Norwegian’s 2019 capacity was 1% higher than the previous year despite its pledge of zero growth as part of efforts to return to profitability.
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NewsHeathrow details path to final third-runway planning application
Heathrow will later this year submit its final planning application for the construction of a third runway, having been forced to delay the expected completion date by a year when the UK’s aviation regulator capped the amount that could be spent in the early phases of the project.
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NewsBOC Aviation orders another 20 A320neos
BOC Aviation has placed an order for 20 Airbus A320neos, with at least 10 committed to new customer Avianca. “This addition of 20 new Airbus A320neo aircraft reflects our disciplined investment strategy of building our portfolio with popular and in-demand new technology aircraft that provide reliability and operational efficiency,” says ...
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NewsAircraft lessor Avation puts itself up for sale
Singapore-based lessor Avation has put itself up for sale and is in preliminary discussions with one interested party.
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NewsGaruda delays fundraising for debt repayment
Garuda Indonesia has delayed plans to raise up to $900 million in funds meant for refinancing its debt.
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NewsCitilink signals shift away from European long-haul plan
Indonesia’s Citilink appears to have shelved plans for long-haul flights to Europe, pivoting towards Asia instead. Commenting on its first widebody aircraft, an Airbus A330-900neo received from Avolon last month, vice-president for corporate secretary and corporate social responsibility Resty Kusandarina says, “The aircraft is being prepared for [international] expansion and ...
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NewsBA begins offsetting domestic flight emissions
British Airways has begun offsetting the emissions from all of its UK domestic flights as part of its ambition to become carbon neutral by 2050. As of 1 January 2020, emissions released by BA flights are being offset through investments in verified carbon-reduction projects around the world. BA operates up ...
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NewsLatecoere to acquire Bombardier’s Mexican wiring business
Canadian manufacturer Bombardier is to sell the electrical wiring activities at Queretaro site in Mexico to Latecoere. The French aerostructures and electrical equipment manufacturer will pay Bombardier $50 million for the operation, which employs around 700 staff and generates annual turnover of $80 million, the two companies have disclosed. As ...
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NewsCirium names Aeroflot as 2019’s most on-time mainline airline
Russian flag carrier Aeroflot is ranked as the world’s most punctual mainline airline in the On-Time Performance (OTP) Review released today by Cirium.