All articles by Cirium – Page 75
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NewsGulf Air signs codeshare agreement with SriLankan
Gulf Air and SriLankan Airlines have inked a codeshare partnership covering flights between both countries and two Mediterranean cities. Under the agreement, SriLankan will place its code on Gulf Air’s flights from Bahrain to Colombo, Athens and Larnaca. In turn, Gulf Air will place its code on SriLankan’s Colombo-Bahrain flights. ...
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NewsLOT wet-leases four A320s from Avion Express
LOT Polish Airlines is wet-leasing four Airbus A320s from Avion Express next year. The leases run till the end of May. Two of the aircraft will start flying for LOT from 14 January, and the other two will commence operations on 1 February. The carrier will deploy the aircraft in ...
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NewsNorwegian eyes Max compensation deal by year-end
Norwegian is hopeful it can reach an agreement with Boeing on compensation for its grounded 737 Max fleet by the end of the year.
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NewsJeju Air to acquire majority in low-cost rival Eastar Jet
South Korean low-cost carrier Jeju Air is acquiring a 51% stake in compatriot Eastar Jet for W69.5 billion ($59.6 million).
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NewsZipair Tokyo reveals cabin for 787-8s
Japanese start-up carrier Zipair Tokyo has equipped its first Boeing 787-8 aircraft with Jamco and Recaro seats. This is configured with 290 seats across two classes, with Jamco supplying 18 full-flat seats in business class and 272 seats in economy class from Recaro. Source: Zipair Tokyo The Zipair ...
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AnalysisMax production halt suggests grounding ‘could go long’: Cirium
Boeing’s decision to suspend 737 production in January is unlikely to have an immediate effect on residual values of the aircraft type, but the longer-term outlook is much less certain, in the view of Rob Morris, global head of consultancy at Ascend by Cirium.
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NewsKumho’s sale of Asiana stake delayed
Kumho Industrial’s sale of its 31% stake in Asiana Airlines appears to have been delayed. Last month, Kumho awarded the Hyundai Development-Mirae Asset Daewoo consortium the exclusive right to negotiate until 12 December. However, Maeil Business News Korea is reporting that the parties have agreed to postpone the initial schedule ...
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NewsFAA downgrades Venezuela’s safety status
The US Federal Aviation Administration (FAA) has downgraded the safety status of Venezuela, assigning it a Category 2 rating under the International Aviation Safety Assessment (IASA) program. The rating shift comes after it was determined that Venezuela’s Civil Aviation Authority is not adequately complying with International Civil Aviation Organization (ICAO) ...
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NewsJetstar strike accelerates fleet review
Jetstar estimates that ongoing industrial action will impact its earnings by about A$20-25 million ($14-17 million) and may take three Boeing 787-8 out of its fleet to maintain profitability. The budget carrier says it has identified three 787-8s that are currently serving “loss-making and marginal international routes” and will make ...
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NewsTaiwan’s FAT says closure notice mistakenly issued
In a turn of events, Taiwan’s Far Eastern Air Transport (FAT) chairman says last week’s closure notice was mistakenly issued by airline executives. The troubled carrier is, however, still subject to punitive action from Taiwan’s authorities.
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NewsWestJet goes private under Onex
Toronto-based Onex Corporation will complete its buyout of Calgary-based WestJet Airlines for C$5 billion ($3.8 billion) including the carrier’s debt following final regulatory approval of the deal by the Canadian Transportation Agency. In a 11 December statement Onex says WestJet shareholders will receive C$31 per share during the buyout but ...
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NewsStarlux Airlines awaiting AOC ahead of January takeoff
New airline set to enter the Taiwan market
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NewsTaxation no help to carbon reduction: IATA
IATA reiterates its stand against the unilaterial taxation of emissions.
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NewsSouthwest and Boeing agree to terms on damages from Max grounding
Boeing has agreed to compensate Southwest Airlines for a portion of projected financial damages from the grounding of the global 737 Max fleet, the Dallas-based airline discloses 12 December.
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NewsIATA foresees modest air cargo recovery in 2020
Air cargo demand measured by freight tonne-kilometres will increase by around 2% in 2020, IATA estimates, as rebounding economic growth boosts trade volumes.
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NewsGameco gets EASA approval for Beijing Daxing line maintenance
Guangzhou Aircraft Maintenance Engineering (GAMECO) received authorisation from the European Aviation Safety Agency (EASA) to provide maintenance works at the recently opened Beijing Daxing International airport. The approval allows the MRO arm of China Southern Airlines to conduct services for European carriers flying into the airport. It conducted its first ...
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NewsSouth Korean low-cost carriers fined for safety lapses
South Korea’s Minister of Land, Infrastructure and Transport (MOLIT) has imposed fines totaling W810 million ($682,000) on Jeju Air, T’way Air and Air Seoul for flouting safety rules. Three incidents involved Jeju Air. In February, during takeoff and landing of flight 8401 between Seoul Incheon and Qingdao, the aircraft’s braking ...
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NewsIAI addresses cargo door irregularity in converted 737 freighters
Israel Aerospace Industries (IAI) has detected an “apparent irregularity” in some of its converted Boeing 737 freighters, but expects these to return to service soon. IAI tells Cirium that its representatives met with the safety committee of the Civil Aviation Authority of Israel (CAAI), which accepted its suggestions for an ...
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NewsLufthansa names new chiefs for Eurowings and Brussels Airlines
Lufthansa Group has appointed Jens Bischof and Dieter Vranckx as chief executives for budget arm Eurowings and Brussels Airlines respectively, and hired Boston Consulting Group partner Patrick Staudacher for the “reoriented” position of finance chief at the German mainline.