All articles by Cirium – Page 18
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NewsAsiana modifies two passenger A350s for freighter operations
Asiana Airlines has modified two Airbus A350-900 passenger jets for freighter operations as part of plans to grow its cargo business.
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NewsNorwegian proposes haircut for creditors
Norwegian’s creditors are set to take a significant haircut on their debts under a capital-raising exercise the carrier is planning under its restructuring processes. In a 19 February stock-exchange filing, the Scandinavian low-cost carrier says it intends to issue NKr1.88 billion ($221 million) of perpetual subordinated convertible bonds and retained ...
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NewsBritish Airways secures £2bn loan facility from 11 banks
HSBC, Deutsche Bank, Credit Suisse, Standard Chartered, Santander and Citi are among the 11 banks in the syndicate that has extended a £2 billion (£2.8 billion) guaranteed loan facility to IAG-owned British Airways, Cirium understands.
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NewsMTU to grow narrowbody engine overhaul capacity in Berlin
German engine specialist MTU will start servicing CFM International CFM56-7Bs at its Berlin overhaul shop later this year.
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NewsTalks on Hong Kong-Singapore travel bubble continue
The governments of Hong Kong and Singapore are continuing discussions over a quarantine-free travel bubble between the two cities that was delayed last year after Hong Kong experienced a surge in Covid-19 cases.
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NewsUnited to add Boston-Heathrow route
United Airlines will launch a daily nonstop route from Boston Logan to London Heathrow this year, assuming travel restrictions diminish and demand materialises.
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NewsAtlas reports $495 million profit for 2020
Atlas Air Worldwide Holdings generated an operating profit of $495 million for the full year 2020 despite the coronavirus pandemic downturn making it the worst year in history for air cargo demand, reversing its fortunes from an operating loss of $461 million in 2019.
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NewsManila airport renovates runway to boost flight movement capacity
Ninoy Aquino International Airport (NAIA) in the Philippines has completed a runway upgrade to expand aircraft movement capacity by 25%, with the aim to increase this further with additional renovations this year and next.
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AnalysisNok tests leasing market ahead of filing rehab plan
The restructuring of Thai Airways International has dominated headlines in the Kingdom, but a smaller, privately held carrier is also reorganising under the same business rehabilitation protection as the flag carrier.
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NewsLufthansa targets more ‘needs-based’ pilot-training model
Lufthansa is restructuring its in-house flight school programme to facilitate a “more needs-based” pilot supply for the group’s different operators.
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NewsAir Cote d’Ivoire receives first A320neo
African carrier Air Cote d’Ivoire has taken delivery of its first Airbus A320neo.
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NewsAir France-KLM aims to emerge leaner from Covid-19
Air France-KLM has warned that, with no sign of a recovery from currently dire trading conditions, it plans to shrink and become a leaner, more efficient outfit.
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NewsMontenegrin state buys two E195s from GECAS
The Montenegrin government has decided to buy two Embraer 195s on lease to Montenegro Airlines from GECAS, rather than incur charges from early cancellation of the leases.
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NewsFAA orders inspection of 222 Boeing 787s
The US Federal Aviation Administration will publish an airworthiness directive on 19 February ordering the inspection of cargo compartments on Boeing 787 type aircraft, adding to the list of safety and maintenance complications for the aircraft. The FAA estimates that 222 787 aircraft will be impacted, according to a copy ...
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NewsCebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.
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NewsJetBlue pilots reject union support for American codeshare
JetBlue Airways pilots represented by the Air Line Pilots Association, International (ALPA) union voted to reject a tentative agreement to give the carrier contractual relief for its codeshare with American Airlines, seeking more job security as the airline partnership nears completion.
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NewsAsiana Airlines narrows loss in 2020 despite Covid-19
Asiana Airlines narrowed its full-year loss in 2020 and managed to rebound to profitability in the fourth quarter, despite the ongoing impact of the coronavirus pandemic.
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NewsFinnair to recycle A319 in Helsinki in support of sustainability push
Finnair is to begin what it describes as the first-ever recycling of a commercial aircraft in its home country, ensuring that parts from the Airbus A319 can be reused as part of its sustainability strategy.
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.