All articles by Cirium – Page 12
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NewsEmirates’ Clark sees heightened regulatory scrutiny delaying 777X
Tighter regulatory attention on Boeing following the 737 Max crisis is causing delays to its 777X programme and could contribute to Emirates switching its orders to the 787, the carrier’s president Tim Clark has warned.
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NewsPremium travel market changed by pandemic: Virgin Atlantic chief
Virgin Atlantic chief executive Shai Weiss expects that although business and premium leisure travel will rebound after the pandemic, it will be “in a new format”.
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NewsIndonesian aviation sector tipped for full recovery in 2026
Indonesia’s aviation sector is expected to make a full recovery by 2026, contingent on vaccines and the successful containment of the pandemic.
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NewsEasyJet keeping one eye on growth: chief
EasyJet remains in expansion mode and is laying the groundwork to achieve this over the coming years, according to the UK low-cost carrier’s chief executive Johan Lundgren.
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NewsAir Nostrum seeks €103 million of government aid
Spanish carrier Air Nostrum is seeking €103 million ($124 million) of government financial support due to the impact of the pandemic on its operations.
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NewsCebu Pacific raises $250 million from convertible bonds
Cebu Pacific has signed an agreement with three international financial institutions for the private placement of $250 million in convertible bonds, with the transaction expected to complete in the following weeks.
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NewsKorean Air raises W350 billion million from corporate bonds
Korean Air has raised W350 billion ($310 million) from three corporate bonds issued on 15 April. These are of W65 billion, W160 billion, and W125 billion principal, the flag carrier said in a same-day corporate disclosure. Source: Korean Air A Korean Air 787-9 The W65 billion bond ...
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NewsSIA Group’s passenger numbers fall 91% in March
Singapore Airlines Group carried 100,100 passengers in March, down nearly 91% year on year amid coronavirus-related travel restrictions.
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NewsVietnam Airlines outlines measures to bolster financial position
Vietnam Airlines has outlined various support measures to improve its financial position following its losses in 2020.
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NewsAir Baltic’s operating loss balloons to €202 million amid crisis
Air Baltic posted a €202 million ($242 million) operating loss in 2020 amid the pandemic, swinging from a €27 million EBIT profit in the previous year.
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NewsRussia’s S7 to sell off Cyprus Airways stake
Russia’s S7 Group is looking to sell its 36.9% stake in Cyprus Airways.
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NewsFurther consolidation among top lessors unlikely: rating agencies
Major rating agencies do not expect the AerCap-GECAS merger and the sale of FLY Leasing to Carlyle Aviation Partners will lead to much further consolidation among larger rated lessors.
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NewsGol slashes April capacity as Brazilian Covid-19 cases rise
Gol will operate 50 aircraft in April, down from 63 the previous month, in response to reduced demand for air travel as Brazil battles rising Covid-19 infection rates.
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NewsGermany’s Sundair exits restructuring process
German leisure carrier Sundair has emerged from its ‘protective shield’ restructuring process after five months of reorganisation.
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NewsTarom to sell half of its fleet
Romanian carrier Tarom has put 14 aircraft up for sale, including all of its Airbus A318s, Boeing 737-300s and 737-700s.
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NewsNok Air secures final one-month extension on rehabilitation plan
Nok Air has been granted a second and final one-month extension, until 15 May, to submit its rehabilitation plan.
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NewsNorwegian reconstruction approved by Oslo court
Norwegian has had its plan for financial reconstruction approved by a court in Oslo, opening the door for the carrier to begin raising fresh capital.
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NewsVirgin Australia-Alliance Airlines partnership gets green light
The Australian Competition and Consumer Commission (ACCC) has given the go-ahead for Virgin Australia to cooperate with Alliance Airlines on several regional and short-haul international routes. The ACCC has granted the authorisation until 31 March 2023, Virgin Australia notes. Source: Alliance Airlines An Alliance E190 This will ...
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NewsEmirates’ Clark fears 777X jets could arrive five years late
Boeing’s 777X programme is in “a state of disarray”, in the view of Emirates Airline president Tim Clark, who has revealed that the Middle Eastern carrier may not receive its first of the aircraft until as late as end-2025 – over five years later than scheduled. “We should have had ...
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NewsComair delists to access government-backed financing
South African carrier Comair is delisting from the Johannesburg stock exchange in a move which will allow it to access government-backed financial support.