All articles by Cirium – Page 8
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Eurowings to open Prague base in October
Lufthansa’s low-cost subsidiary Eurowings will establish a base at Prague airport with initially two Airbus A320s scheduled to begin operations on 31 October.
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Air Europa to reinstate 87% of long-haul routes in July
Air Europa will restore the majority of its US and Latin American services next month, when it will operate 87% of its pre-pandemic long-haul routes.
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PAL still focused on prearranged Chapter 11 filing
Philippine Airlines did not file for Chapter 11 at the end of May as it had suggested to its lessors, but the carrier is still working towards a prearranged insolvency in the USA, three of its lessors tell Cirium.
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Air Mauritius administrators secure delay to creditor meeting
Administrators of Air Mauritius have secured a further postponement to the deadline for presenting a plan of reorganisation to the carrier’s creditors.
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GE-LHT overhaul joint venture XEOS to suspend operations
Lufthansa Technik and GE Aviation will “freeze operations” at their engine overhaul joint venture XEOS just over two years after the purpose-built facility in Poland inducted its first powerplant.
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Garuda paints grim picture amid restructuring
Indonesia’s embattled flag carrier Garuda has revealed the dire extent of its downsizing of operations as it urgently seeks to restructure its business and stem losses, and may need to consider a future largely focused on domestic flying.
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Sustainable aviation fuel comprised 0.05% of pre-crisis consumption: Eurocontrol
Sustainable aviation fuel accounted for only around 0.05% of total jet fuel consumption in Europe before Covid-19 hit, according to Eurocontrol, highlighting the challenge in raising its use to the air traffic manager’s goal of 10% by 2030.
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KLM chief predicts uneven recovery will balance out
Travel recovery in the wake of the Covid-19 pandemic is uneven as nations vary in their progress vaccinating against the disease yet stagnant demand in some regions may be offset by returning demand in others, KLM Royal Dutch Airlines chief executive Pieter Elbers predicts.
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Airlines to resume Phuket services from July
Airlines are re-establishing direct flights to Phuket from July as the Thai government pushes ahead with a pilot scheme to reopen the island destination to vaccinated international tourists.
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European flights reach highest level since September
The number of flights taking place in Europe has reached its highest level since the end of the summer 2020 season, as the continent’s travel markets begin to reopen.
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Cathay gets one-year drawdown extension for $1bn loan facility
The Hong Kong government has agreed to extend the drawdown period of a HK$7.8 billion ($1 billion) loan facility for Cathay Pacific Airways by 12 months.
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IndiGo chief strikes confident tone despite huge losses
Indian low-cost carrier IndiGo is optimistic that passenger levels will return to where they were in February by the end of 2021.
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Pandemic shaves $10 billion off African airlines’ revenue: AFRAA
African carriers lost $10.2 billion in passenger revenues last year as a result of the Covid-19 pandemic, and will continue to lose money in 2021, according to a report published by airline association AFRAA.
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Boost premium economy to offset business-travel decline: HSBC
Europe’s legacy carriers should respond to a reduction in long-haul business class revenues by slashing first class and expanding premium economy, in order to maintain their margins in the post-pandemic era, HSBC has suggested.
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Malaysia’s air traffic slump to continue into next quarter
Malaysia’s air traffic is expected to remain at current low levels for at least the next three months, amid countrywide movement restrictions in place until mid-June.
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Lessors seeking detail of AirAsia and AAX fundraisings
The restructurings of long-haul low-cost carrier AirAsia X and its short-haul cousin AirAsia are making progress, but lessors have doubts about the carriers’ ability to secure the fresh funds they need to make new business plans work.
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ASEAN and EU seal first ‘bloc-to-bloc’ air transport agreement
The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) have concluded negotiations on a bilateral air transport agreement that will allow for unlimited flying between the two regions.
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Garuda defers periodic distribution under $500 million sukuk
Garuda Indonesia will defer payment of a periodic distribution under its $500 million sukuk trust certificate as it considers “strategic alternatives” to address ongoing challenges amid the pandemic.
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T’way Air introducing A330s to all-Boeing fleet in February
All-Boeing operator T’way Air is adding three Airbus A330-300s to its fleet in February 2022.
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Airlines invited to bid for Oneworld London-US summer 2022 slots
Airlines have been invited to apply for slots between London and the USA, as part of interim measures imposed to address concerns over transatlantic routes operated under the Oneworld alliance’s joint business arrangement.