Fleets – Page 94
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NewsLATAM immediately cutting 19 leased aircraft from fleet
LATAM Airlines Group has identified 19 leased aircraft which it will cut from its operators’ fleets, following the company’s filing for US Chapter 11 creditor protection. Six long-haul jets – comprising two Airbus A350-900s and four Boeing 787-9s – are among the aircraft listed in the filing. The remainder is ...
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NewsCebu Pacific seeks SLBs for entire A320 fleet: sources
Cebu Pacific is seeking sale-and-leasebacks for as many as 17 of its Airbus A320s, according to two sources. The airline was originally seeking to lease-back 14 of the aircraft, but subsequently increased the number to 17 to encompass its entire owned A320 fleet, according to one of the sources. Besides ...
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NewsHainan cancels planned transfer of nine aircraft
Hainan Airlines Holdings and its subsidiary airlines have cancelled the transfer of aircraft assets to a Hong Kong-based holding company. This encompasses four Boeing 737-800s and two 787-8s owned by Hainan Airlines Holdings, two Airbus A350-900s by Hainan Airlines, and one 737-800 with Grand China Air. The original transaction price ...
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NewsAir New Zealand grounds 777s and defers A321neo deliveries
Air New Zealand (ANZ) will ground its Boeing 777-200ER and 777-300ER fleets until at least the end of this year as part of organisation-wide cost-cutting measures. Including deferrals of planned Airbus A321neo deliveries, the airline has also deferred or cancelled almost NZ$700 million ($430 million) of expected capital expenditure to ...
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OpinionWhy things are looking grim for the A380
Doubts about size and shape of many fleets as operators plan their coronavirus crisis recovery strategies
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NewsAir France terminates A380 fleet with immediate effect
Air France has accelerated plans to phase out its Airbus A380 fleet and will retire the aircraft immediately rather than in 2022 as previously scheduled.
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NewsKKR to buy six Delta A321s in sale-leaseback deal
Investment company KKR has signed an agreement to buy six Airbus A321s from Delta Air Lines, which it will lease back to the Atlanta-based carrier.
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NewsCebu Pacific reviews long-term fleet plans
Cebu Air, the parent company of Cebu Pacific, is reviewing its long-term fleet plans, and has begun discussions with suppliers “to establish flexibility to adapt to current events”. In line with anticpated lower aircraft utilisation in future, the company will also defer previously planned aircraft capital expenditures, it said in ...
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NewsAmedeo agrees rental deferrals with Thai Airways
Amedeo has agreed in principle to grant lease rental deferrals to beleaguered Thai Airways, though the lessor says the agreement has not yet been signed due to the Thai government setting up a special committee to handle a new business improvement plan for the airline. Amedeo Air Four Plus, Amedeo’s ...
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NewsCoronavirus puts paid to SIA’s last 777-200ERs
Singapore Airlines has confirmed that it will accelerate the retirement of its remaining Boeing 777-200ERs owing to the impact of the coronavirus pandemic. The airline says that its last three examples were recently moved to Asia Pacific Aircraft Storage in Alice Springs, Australia. Original plans had called for the type ...
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NewsSIA coy on accelerated retirements amid pandemic hit
Singapore Airlines will fully phase out the older aircraft types in its fleet - such as the Boeing 777-200ER and Airbus A330-300 - within a year, but declines to say whether the retirement of the widebodies has been accelrated by the coronavirus outbreak.
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NewsEl Al awaiting final 787 as it cancels 737 leases
Israeli flag-carrier El Al has yet to take delivery of its final Boeing 787, while the airline shuffles its current fleet as part of efforts to reduce cash burn. The carrier’s rejig includes cancelling a lease for two more Boeing 737-800s, it has disclosed in a newly-released full-year financial statement. ...
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NewsDelta to retire 777s, completing shift to A350s
Delta Air Lines says it will be retiring its Boeing 777 fleet by the end of 2020 as the coronavirus pandemic continues to disrupt global travel, creating openings for airlines to permanently streamline their fleets and save money by shifting to more efficient aircraft.
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NewsTime to revive export credit financing: BOC Aviation chief
Leading lessor believes government-backed financing in wake of the airline industry crisis created by the coronavirus pandemic.
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NewsBrussels Airlines to cut workforce by 25% and remove 16 aircraft
Brussels Airlines is reducing the number of aircraft in its fleet by 30% and slashing its workforce by a quarter in response to the coronavirus crisis.
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NewsLeasing chiefs see crisis driving consolidation among aircraft lessors
Leading aircraft lessor chiefs see the coronavirus crisis increasing the likelihood of consolidation among aircraft leasing companies.
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NewsAvianca to cut back fleet and close Peru division
Latin American carrier Avianca is to shut down its Peruvian division, and cut back the fleet of other carriers, as part of the reshaping of the company being undertaken following its filing for Chapter 11 bankruptcy protection. Avianca Holdings sought protection on 10 May in a joint filing covering several ...
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NewsSouthwest to generate $815m from selling, leasing back 20 737s
Southwest Airlines has signed agreements to sell and lease back 20 Boeing 737s in a transaction expected to generate $815 million in proceeds for Southwest.
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NewsIAG scales back planned deliveries to 75 over next three years
British Airways and Iberia parent IAG now expects to take delivery of 75 aircraft over the next three years as it reduces its fleet requirements in line with expectations that passenger demand will not return to pre-crisis levels before 2023. The new fleet plan marks a reduction of 68 on ...
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NewsLessors see no ‘one-size-fits-all’ solution to help airlines through crisis
While aircraft lessors are agreeing to a number of rental deferral requests to help airline customers struggling through the coronavirus crisis, leasing executives stress there is no one-size-fits-all solution for airlines.