All articles by Cirium – Page 17
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NewsQatar Airways sells A330 freighters to CMA CGM
Qatar Airways has been confirmed as the seller of four Airbus A330-200 freighters to the new air cargo division of French container logistics and shipping giant CMA CGM. AFG Aviation Ireland, a wholly owned subsidiary of Aircraft Finance Germany, arranged the sale of the aircraft (MSNs 1688, 1708, 1584 and ...
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NewsAirlines slashed cash burn in fourth quarter: IATA
Carriers minimised their losses in the last quarter of 2020 through dramatic cuts to fixed costs, according to research from IATA.
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NewsFinal lessor creditor agrees to Malaysia Airlines’ restructuring
The final lessor creditor under Malaysia Airlines’ scheme of arrangement has given consent to that scheme as well as the carrier’s wider restructuring after previously facing challenges getting approval from its financiers. Justice Richard Snowdon, a judge at the High Court of England and Wales, said in a judgement dated ...
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NewsCzech Airlines files for reorganisation
Czech Airlines (CSA) has filed for reorganisation under insolvency regulations as “the last option to save the company” unless it receives government financial support.
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NewsNorwegian posts $2.7bn annual loss
Norwegian made a net loss of NKr23 billion ($2.7 billion) in 2020, dramatically deepening one of NKr1.61 billion in 2019, as its long-haul low-cost business model was devastated by the Covid-19 pandemic.
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NewsBangkok Airways posts 69% decline in full-year operating revenue
Bangkok Airways’ losses widened in 2020, as it reports a 69% decline in operating revenue to Bt7.95 billion ($262 million) for the year. Revenue from its airline business, which accounted for 55% of the company’s total revenue in 2020 versus 67% in 2019, was down 70% year-on-year to Bt5.64 billion ...
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NewsThai Airways to sell 10 747-400s as part of rehabilitation plan
Thai Airways International intends to put 10 Boeing 747-400s up for sale as part of its rehabilitation plan and has issued a request for proposals (RFP) to assess interest from buyers.
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NewsHK businessman becomes substantial shareholder of AirAsia Group
AirAsia Group has disclosed that existing shareholder Stanley Choi Chiu Fai is now a substantial shareholder, having acquired a chunk of new shares offered in the first tranche of the company’s private placement.
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NewsIAG names new Aer Lingus chief
IAG airline Aer Lingus has appointed Lynne Embleton as its new chief executive, effective 6 April, replacing interim head Donal Moriarty.
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NewsSouth Korea grounds PW4000-powered 777s
South Korea has temporarily banned all operations of Pratt & Whitney PW4000-powered Boeing 777 aircraft within its airspace.
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NewsAlaska burned $137 million in January amid steady recovery
Alaska Air Group forecasts that revenue for the first quarter will be slightly better than expected yet will still be down 55-60% year on year compared with the first quarter of 2020 before the coronavirus pandemic began.
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AnalysisHow IATA’s new app could help ease travel restrictions
A mobile phone application for airline passengers to securely store and share Covid-19 vaccination and test results is set to be rolled out as a fully functional system over the next few weeks.
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NewsAirAsia Japan closure has cost group $80 million so far
AirAsia Japan’s closure has cost the Malaysia-based AirAsia Group nearly $80 million over three quarters.
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NewsNorwegian gives update on progress in settling with lessors
Norwegian continues to make progress in settling leases and other contracts with creditors under its Irish restructuring process, but faces opposition from some parties.
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AnalysisEuropean airlines pine for summer recovery
Amid the endless months of lockdown, the rollout of vaccines has been the light at the end of the tunnel for European airlines desperate to begin generating cash again.
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NewsBoeing must ‘get house in order’ on 787 issues: Air Lease chief
Boeing must “get its house in order”, by addressing immediate issues such as problems on the 787 production line, before Air Lease would be interested in ordering any new types the airframer plans to develop, the lessor’s chief executive John Plueger has warned.
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NewsUK bookings surge on lockdown exit plan
Airlines have seen a jump in UK ticket sales in the hours after the government published information on the national plan for exiting lockdown.
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NewsSmall part of 777 fleet affected by PW4000 restrictions
Regulatory action mandated by international civil aviation authorities after the 20 February failure of a Pratt & Whitney PW4000 on a United Airlines Boeing 777 affect a relatively small proportion of the 777 fleet.
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NewsAir Europa negotiates lease deferrals
Lessors are discussing new rent-deferral arrangements with Air Europa as the Spanish carrier navigates towards fresh state-backed financial support, sources have told Cirium.
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NewsAirAsia X to convene creditor meetings within six months
AirAsia X must convene meetings with various creditors within 180 days of an order from the High Court of Malaya, the low-cost long-haul carrier says in a 22 February Bursa Malaysia filing.