Fleets – Page 107
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Airline BusinessWhy airline CEOs should think counter-intuitively during a crisis
Airline chief executives need to act swiftly during the coronavirus crisis, but should also remember that counter-intuitive actions might lead to better outcomes – particularly when it comes to short-term hits to the balance sheet. Those were among the key messages heard during the FlightGlobal webinar Airline chiefs on surviving ...
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NewsComair drops Star Air acquisition as challenges deepen
South African carrier Comair has agreed to call off its planned acquisition of aircraft leasing specialist Star Air Cargo and Star Air Maintenance as it battles mounting challenges.
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NewsAir Baltic service-resumption planning excludes Dash 8s and 737s
Latvian carrier Air Baltic will be an all-Airbus A220 operator when it resumes operations, having made the decision to remove its De Havilland Canada Dash 8s and Boeing 737s from service early as a result of the coronavirus crisis.
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Airline BusinessGrounded SpiceJet’s monthly lease bill may exceed $20m
Budget carrier SpiceJet, which has grounded its fleet amid a three-week lockdown in India, could face a monthly bill of over $20 million for 100 leased aircraft – most of which are in storage. Cirium fleets data shows that 13 of the aircraft are Boeing 737 Max jets, which have ...
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Airline BusinessUS carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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Airline BusinessLessors exposed to more than 800 near-term jet deliveries
The sector is committed to around 25% of the Airbus and Boeing deliveries due by end of 2021, according to Cirium fleets data
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NewsEasyJet founder threatens board over Airbus fleet expansion
UK budget carrier EasyJet’s founder, Stelios Haji-Ioannou, is threatening methodically to dismantle the company’s board if it fails to take action to reduce the airline’s commitment to additional Airbus jets. Haji-Ioannou, who has previously expressed concerns over the airline’s expansion, has laid out his attack plan in a strongly-worded communication ...
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NewsEasyJet parks entirety of fleet after completing rescue services
UK budget carrier EasyJet has opted to ground the remainder of its aircraft fleet, after completing hundreds of repatriation flights in the wake of the coronavirus outbreak. It has also reached an agreement to furlough cabin crew for a two-month period from 1 April, paying them through a UK government ...
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Airline BusinessTough decisions loom for fleets grounded due to coronavirus crisis
With aircraft piling up at Asia-Pacific airports amid the coronavirus crisis, airline engineering teams will play a key role in keeping grounded jets ready for the day when demand for air travel returns. Singapore Airlines, Cathay Pacific Airways, Qantas Airways, and Korean Air represent just a handful of carriers that ...
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Airline BusinessPotential glut of near-term deliveries exceeds 2,700 airliners
Cirium fleets data illustrates size of potential problem facing Airbus and Boeing through next two years
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NewsTigerair Australia grounded as parent Virgin cuts more capacity
Tigerair Australia has suspended all operations from 25 March, as part of deeper capacity cuts by its parent Virgin Australia. On its website, the low-cost carrier cited “expanded travel restrictions imposed by the federal and state governments and territories” as the reason behind its grounding. Virgin Australia says in a ...
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Airline BusinessIndiGo has most new aircraft at risk among Indian carriers
IndiGo has, among compatriot airlines, the highest number of new aircraft deliveries at risk as India began a three-week lockdown today.
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PodcastAirline Business podcast: Latest IATA impact assessment plus Asia-Pacific focus
Graham and Lewis talk through the latest figures and thoughts from IATA as airlines across the world ground their fleets in response to the coronavirus outbreak.
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Airline BusinessAirline coronavirus story could go from ‘Apocalypse Now’ to ‘The Big Short’
When IATA outled its latest estimates for the impact of coronavirus on the airline industry on 24 March, the urgency of the situation was front and centre of its messaging.
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NewsSIA grounds almost entire fleet in ‘greatest challenge’ ever
Singapore Airlines will slash schedules and ground almost all aircraft, as the coronavirus pandemic presents “the greatest challenge that the SIA Group has faced in its existence”. Due to the further tightening of border controls globally, SIA will cut 96% of scheduled capacity until end-April and ground 138 of 147 ...
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Airline BusinessGlobal groundings cast doubt on timeline for aviation’s CO2 offset scheme
The timeline for the implementation of ICAO’s global carbon offsetting scheme for commercial aviation is one of the myriad issues affected by the uncertainty surrounding the coronavirus outbreak.
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Airline BusinessHow coronavirus could impact airliner fleets across the globe
Worldwide fleet comprises over 25,000 aircraft, but what could effect be across regions?
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NewsWet-lease operator EuroAtlantic to take 787s
Portuguese wet-lease specialist EuroAtlantic Airways has signed for a pair of Boeing 787-8s, becoming the first operator of the type in the country. The carrier is taking the twinjets from AerCap, the leasing firm states. It says the two used aircraft will be delivered to EuroAtlantic in the spring of ...
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NewsIAG looks at recruiting passenger jets to serve critical freight lines
IAG is considering recruiting some of its passenger aircraft for air freight operations, to ensure that essential cargo supplies are maintained as the coronavirus crisis persists. Chief executive Willie Walsh, speaking during a 16 March briefing, said that governments “need to appreciate” that there is a strong cargo demand, and ...
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NewsIAG to accelerate retirement of older BA and Iberia aircraft
British Airways and Iberia parent IAG is considering accelerating the retirement of older aircraft in the fleet – including some Boeing 747-400s and Airbus A340-600s – as part of the capacity-reduction measures being introduced to deal with the coronavirus outbreak. Speaking during a 16 March briefing, IAG chief executive Willie ...