All Fleets articles – Page 106
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Airline BusinessHow WestJet reacted quickly to virus – and faced up to tough decisions
When WestJet chief executive Ed Sims drives past the Calgary International airport to his office every morning, he sees a row of parked aircraft, grounded by the coronavirus pandemic, and wonders what fresh hell awaits.
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NewsGE Capital Aviation Services cancels orders for 69 737 Max
Aircraft lessor GE Capital Aviation Services has terminated orders for 69 Boeing 737 Max, further reducing Boeing’s Max backlog amid a downturn that has hammered airlines and the global aerospace industry.
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NewsEasyJet argues case against cancelling Airbus deal
UK budget carrier EasyJet is arguing that it cannot terminate its contentious Airbus order by falling back on the argument that the coronavirus outbreak is a situation beyond its control. The airline has been under fire from its founder, and key shareholder, Stelios Haji-Ioannou over the cost of retaining the ...
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Airline BusinessEarly retirements in crises: a new normal?
Across the world, airlines are considering bringing forward the retirement of older aircraft types. When the coronavirus outbreak finally abates, the question will remain if these accelerated retirements represent an anomaly, or a “new normal”.
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Airline BusinessA380 and 747 hardest hit as stored fleet soars past 14,000 airliners
Latest storage data from Cirium reveals that just 2% of the A380s and less than 10% of Boeing 747s are currently flying
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Airline BusinessMixed fortunes globally as active fleet drops towards 7,000 aircraft
More than 12,500 Airbus and Boeing airliners have entered storage since January
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NewsGol cancels 34 Boeing 737 Max orders
Brazil’s low-cost carrier Gol says it has reached an agreement with Boeing on cash compensation for the more-than-year-long 737 Max grounding, and the termination of 34 forward orders for the company.
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NewsIATA deepens projected airline revenue loss to $314 billion
IATA now forecasts airlines will lose $314 billion in passenger revenue this year amid the coronavirus outbreak, a deepening of $62 billion from its previous projection.
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Airline BusinessHow Air Baltic is plotting a way through – and out of – the virus crisis
There are many data points that starkly demonstrate the airline industry’s massive challenges during the coronavirus crisis, but Air Baltic is still able to offer a particularly striking one: its forward bookings in early April were down 98% year on year.
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Airline BusinessGlobal airliner fleet returns to 1990s levels
As airlines worldwide ground their aircraft in the wake of a collapse in passenger demand, the industry has passed a key cross-over point with the number of stored jets now exceeding that of the active fleet.
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NewsBA crew members ratify furlough deal
British Airways’ plan to furlough more than 30,000 employees – a mix of cabin crew and ground staff – has been overwhelmingly ratified by union members.
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NewsEasyJet founder threatens legal action over Airbus order
EasyJet is standing behind its chief financial officer and its decision to borrow millions from the UK government after a fresh attack from founder and major shareholder Stelios Haji-Iaonnou, who is threatening to take legal action against the budget carrier.
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Airline BusinessEnd looms for passenger A310s as Air Transat retires fleet
Operational airline fleet decline to single digits as Canadian airline calls time
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NewsLufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.
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NewsJet2 extends operational shutdown to mid-June
UK leisure carrier Jet2 is now aiming to resume operations on 17 June, after it previously cancelled all flying until 1 May.
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News25 million jobs endangered by airline coronavirus crisis: IATA
IATA has calculated that some 25 million jobs might be at risk amid falling demand for air travel caused by the coronavirus crisis.
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NewsEl Al bailout request rejected by Israeli finance ministry
Israel’s finance ministry has rejected El Al’s request for state aid, prompting the airline to appeal directly to the country’s prime minister for help.
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NewsSAS details staff cuts and warns it may need more state aid
Scandinavian carrier SAS has temporarily laid off 11,000 employees and will make 120 positions in Sweden permanently redundant, and is warning that the state support it is set to receive “will not suffice” if the coronavirus crisis persists.
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Airline BusinessCORSIA’s airline CO2 baseline must exclude 2020 data: IATA
IATA has added to calls for ICAO to reconsider the baseline period being used for its CORSIA global carbon offsetting scheme for commercial aviation, in light of the coronavirus outbreak.
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NewsHSBC expects European airline consolidation amid Covid-19 crisis
The coronavirus crisis will speed up airline-industry consolidation across Europe as less profitable carriers fail or are taken over by leaner competitors, according to an analysis by HSBC. “We expect financially weak airlines that survive to be… significantly smaller as they exit the outbreak,” the bank writes in an update ...