Fleets – Page 105
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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.
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NewsVirgin Atlantic to cut over 3,000 jobs and cull 747-400 fleet
UK long-haul carrier Virgin Atlantic is to cut over 3,100 jobs and retire its Boeing 747-400s in an effort to address the financial pressure of the coronavirus crisis. The airline says it will “immediately suspend” the use of all seven of its 747-400s and is still intending to retire four ...
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NewsAirAsia to take no new aircraft this year
The AirAsia Group is “relooking” its orders for Airbus aircraft, as it gears up for return to service across its various networks. The airline group also confirmed that it will not be taking delivery of any new aircraft for the rest of the year, and targets a fleet size ...
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NewsSouthwest plans for recession after $900 million cash burn
Southwest Airlines paired its 28 April disclosure of a first-quarter net loss of $94 million and a cash burn of $900 million in April with the announcement of additional liquidity enhancements, as it looks ahead to a near-term environment virtually devoid of travel demand.
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NewsSouthwest delays deliveries of 59 737 Max to post-2021
Southwest Airlines, among the world’s top Boeing 737 Max customers, has pushed back deliveries of 59 Max aircraft in response to the travel downturn caused by the coronavirus pandemic.
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Airline BusinessFor airlines, there has never been so much at stake
The fast-moving nature of the coronavirus crisis has created a curious situation where talk of airlines being on the brink of collapse is happening alongside discussions of how operations might be restarted in the coming weeks.
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NewsAir cargo capacity crunch to vanish as recession takes hold: IATA
The current capacity shortage in the air cargo market is likely to be resolved – but not in the industry’s favour – as the global economic crisis depresses demand for such services, according to IATA. “The capacity crunch will, unfortunately, be a temporary problem,” states the airline association’s director general ...
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NewsSIA to move a fifth of A380 fleet to desert storage
Singapore Airlines (SIA) will shift four Airbus A380s to long-term storage at Alice Springs airport in central Australia. The first of four double-deckers arrived on 26 April, according to a Facebook post by Alice Springs airport; the jets will be stored at Asia Pacific Aircraft Storage. Video: A380 ...
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NewsCheap fuel should not tempt airlines to keep older aircraft: Ascend
Four-engined widebodies like 747 likely to be among the types worst-affected by the coronavirus crisis
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Airline BusinessHow would SAA collapse affect South Africa’s airline connectivity?
If South African Airways fails to find a way through its current funding crisis, it could leave a big hole in its home country’s connectivity, depending on which routes are considered viable as coronavirus restrictions are lifted.
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NewsEl Al sells three 737-800s to ease financial pressure
Israeli flag-carrier El Al has reached a sale-and-leaseback agreement with an unidentified foreign company covering three Boeing 737-800s. The airline, which has been seeking to shore up its finances, says it signed a memorandum of understanding for the transaction on 23 April. El Al has not identified the specific airframes ...
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NewsDe Havilland sells up to 13 Dash 8-400 freighter conversion kits to Jazz
Canadian regional airline Jazz has agreed to purchase up to 13 freighter conversion kits for De Havilland Canada Dash 8-400 turboprops, enabling the airline to carry freight needed to combat coronavirus.
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PodcastAirline Business podcast: What will industry look like when flying restarts?
With talk in some regions turning to how airline markets might open up again as coronavirus cases peak, Graham and Lewis examine the current state of the industry and where it might be heading. Among the topics considered, they look at Virgin Australia’s demise and the moral hazard faced by ...
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Airline BusinessRather than solving social distancing, airlines face a waiting game
Seeing 75-year-old airline trade association IATA and ultimate industry disruptor Michael O’Leary express the same view on a topic is a rare thing, but we are living through unprecedented times.
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NewsAustrian to halve 767 fleet and remove all A319s
Lufthansa Group carrier Austrian Airlines is to halve its Boeing 767 fleet and withdraw all seven of its Airbus A319s as part of a strategy to adjust to reduced demand in the wake of the coronavirus crisis. Austrian had already been planning to remove 18 Bombardier Q400 turboprops by 2021, ...
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NewsSocial-distancing on flights would end cheap travel: IATA
The imposition of social-distancing measures on commerical flights would mean an end to “cheap travel”, according to IATA director general Alexandre de Juniac.
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Airline BusinessAir freight market goes into overdrive
While passenger airlines have heavily reduced their services over recent weeks, the air cargo market has gone into overdrive as a result of the coronavirus pandemic.
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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.