Cirium
FlightGlobal was, until its acquisition by DVV Media in mid-2019, part of Cirium – a unit of Reed Business Information. FlightGlobal now publishes articles and data sourced from Cirium under a reciprocal content-partnership agreement.
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NewsAegean Airlines first-half revenue falls by two-thirds
Greek carrier Aegean Airlines saw its earnings collapse by 64% in the first half and is warning that the “least predictable winter ever” lies ahead.
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Azul converting four E195s to support freight division
Azul has converted one of its Embraer 195s into a freighter to support its cargo division, and plans to adapt another three in response to “record demand”.
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Lufthansa sees post-crisis ‘flagship’ role for 747-8
Lufthansa intends to keep its Boeing 747-8s in service while grounding all its Airbus A380s amid a stepped-up fleet-reduction effort and a wider industry trend toward smaller long-haul twinjets.
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Australia extends aid to domestic and regional operators
Australia’s government is extending budget support for two aviation programmes targeted at maintaining major domestic routes and essential air services for regional and remote communities.
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Virgin Australia sale on track for October completion
Bain Capital’s acquisition of Virgin Australia Holdings (VAH) is on track for October completion, administrator Deloitte has indicated in a letter to creditors and employees.
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Airline dependency on state support a new normal: Lufthansa chief
Citing government shareholdings in Air France-KLM and the part-ownership of IAG by state-owned Qatar Airways, he says the German stake in Lufthansa is “at the very low side of my global competitors”.
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EasyJet pilots avoid redundancies by opting to work part-time
There will be no compulsory pilot redundancies at EasyJet, after 1,500 crewmembers opted to cut the number of hours they work.
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Wizz chief lambasts slot-rule waiver as ‘complete nonsense’
Jozsef Varadi says the waiving of airport slot-allocation rules prevents the central European budget carrier from establishing new operations.
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Airbus chief seeks ‘urgent reframing’ of aviation/climate debate
Airbus chief executive Guillaume Faury argues that the sector’s “role in society” is at risk amid growing calls for a reduction in flights to curb emissions.
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Wizz and KLM scale back European capacity amid restrictions
Wizz Air has again reduced its capacity outlook for October while KLM has put its short-haul network expansion plans “on hold” as ongoing coronavirus-related travel restrictions force Europe’s airline sector to apply the brakes to its recovery.
- Analysis
Lessors consider Lion Air’s power-by-the-hour requests
Like most airlines globally, Indonesia’s Lion Group has been in discussions for rental deferral agreements with its lessors during the Covid-19 driven downturn.
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Ryanair winter bookings are at ‘10% of normal volumes’: O’Leary
Low-cost carrier Ryanair is attempting to stimulate demand for winter travel by launching a buy-one-get-one-free flight offer and waiving change fees for tickets purchased in October and November, as it reports that bookings for the last two months of the year are significantly down on previous years.
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Vietnam Airlines resumes international flying with Seoul-Hanoi
Vietnam Airlines has opened bookings for Seoul-Hanoi, with the first flight scheduled to depart 25 September.
- Analysis
Lessors test the market with portfolio sales
Lessors typically trade an average of 550 single-aisle and 95 twin-aisle aircraft a year, based on Cirium data for the past five years, far greater than the 150 single-aisle and 16 twin-aisle aircraft from 1 January to 22 September.
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CDB Aviation agrees Max and Dreamliner SLBs with United Airlines
CDB Aviation has agreed to purchase and lease back 12 new aircraft from US carrier United Airlines.
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Volaris shareholders vote in favour of capital increase
Mexican low-cost carrier Volaris has won shareholder approval to raise up to Ps3.5 billion ($164 million) in capital.
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Jamco targets incremental cabin improvements – for now
Jamco is awaiting All Nippon Airways’ decision on whether to modify lavatory doors on its aircraft for hands-free use, as the interior equipment manufacturer focuses attention on incremental, cost-effective passenger-experience improvements.
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Rex taps private equity for $110m to launch domestic operations
Australia’s Regional Express is in “advanced exclusive negotiations” with PAG Asia Capital for up to A$150 million ($110 million) funding to support its plans for commencing domestic operations.
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Lufthansa to mothball entire A380 and A340-600 fleet
Lufthansa Group will put all of its Airbus A380s and 10 of its A340-600s into long-term storage, only to be reactivated in the event of an “unexpectedly rapid market recovery”, and will permanently remove the remainder of its A340-600 fleet from service.
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New York bankruptcy court green-lights LATAM’s revised financing proposal
LATAM Airlines’ revised debtor-in-possession financing proposal has been approved by a bankruptcy court in New York,
