All articles by Cirium – Page 2
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NewsPAL secures approval for US Chapter 11 process
The United States Bankruptcy Court in the Southern District of New York has granted Philippine Airlines the final order authorising its Chapter 11 case.
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NewsEU court rejects Ryanair and TUIfly appeals against state-aid ruling
The EU General Court has rejected challenges by Ryanair and TUIfly that sought to overturn an earlier ruling that they should repay millions of euros in state aid to the Austrian government.
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NewsAir Mauritius exits restructuring with slimmed-down fleet
Air Mauritius has emerged from restructuring with what it describes as a stable footing after reducing its fleet and securing a $280 government million loan.
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AnalysisRolls-Royce to broaden its presence with electrics nous
Rolls-Royce will in the coming weeks attempt to set a speed record for electric aircraft with a battery-powered single-seat racing aircraft, concluding a three-year project to create capabilities and momentum for electric propulsion at the UK engine maker.
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NewsJetBlue partners with SG Preston on sustainable fuel
JetBlue Airways has entered into an offtake agreement with bioenergy developer SG Preston to accelerate its transition to sustainable aviation fuel (SAF).
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NewsLufthansa Cargo to end MD-11 freighter operations
Lufthansa Cargo will in October retire its last remaining Boeing MD-11 freighter after operating the the trijet type for more than two decades.
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Airline BusinessWill AirAsia X hold a creditors’ meeting in October?
AirAsia X hopes to hold a creditor vote on its restructuring by the end of October, but three of its lessor creditors tell Cirium they think the airline may need more time.
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NewsAirAsia Philippines seeks eased travel restrictions
AirAsia Philippines is backing calls by Philippine local governments to ease domestic travel restrictions for fully vaccinated people.
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NewsAirAsia X’s second-quarter loss balloons to MYR24.5 billion
AirAsia X Group has posted an operating loss of MYR24.5 billion ($5.85 billion) for the quarter ended 30 June, widening significantly from a loss of MYR323 million in the year-ago period. The group’s revenue fell 21% at MYR72.3 million, the group says in its unaudited financial results disclosed to Bursa ...
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NewsAirAsia upbeat on market recovery prospects
AirAsia is confident of a strong recovery in air travel to all the key domestic destinations and that international flights will resume in the near future, with stringent health and safety protocols in place.
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NewsIcelandair Group’s chief operating officer steps down
Icelandair Group’s chief operating officer Jens Thordarson has resigned from his role.
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NewsAir Lease’s Udvar-Hazy upbeat on lessors’ post-Covid prospects
Air Lease executive chairman Steven Udvar-Hazy has expressed confidence that the large numbers of aircraft ordered by lessors prior to the pandemic will be required by airlines despite the crisis.
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NewsLatecoere to acquire Shimtech de Mexico
French aerostructures specialist Latecoere has agreed to purchase Shimtech de Mexico from aerospace manufacturing company Avantus Aerospace.
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NewsUnited to serve Lagos from Washington DC
United Airlines will launch flights to Lagos in Nigeria from Washington DC on 29 November.
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NewsAegean Airlines narrows second-quarter loss
Aegean Airlines has posted a pre-tax loss of €34.8 million ($41 million) in the second quarter ended 30 June, narrowing from a loss of €88.5 million in the year-ago period.
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NewsGE Aviation ‘can’t sit back and wait’ for full recovery: GE chief
General Electric is neither expecting nor planning for a significant spike in demand for commercial air travel that would jolt aviation back to pre-pandemic levels and suddenly improve the fortunes of its aircraft engine division, and instead intends to manufacture as much of its own luck as it can, GE’s chief executive Larry Culp asserts.
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NewsUS court takes Avianca a step closer to emerging from Chapter 11
The US bankruptcy court for the Southern District of New York has approved Colombia flag carrier Avianca’s disclosure statement describing the terms of its reorganisation plan.
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NewsGaruda to restructure under UK scheme of arrangement
Garuda Indonesia expects to launch a UK scheme of arrangement as part of a restructuring in which it is looking to remove nearly 80 aircraft from its fleet and renegotiate or cancel orders for more than 90, Cirium understands.
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NewsBritish Airways sees Covid as catalyst for service innovation
British Airways responded to the pandemic by using technology to deliver new products and services to the customer, in a bid to improve its offering, cut costs, and minimise the risk of infection. During the AIX online event on 13 September, the IAG-owned airline’s director of brand and customer experience ...
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NewsKenya Airways to lease two E190s to Congo Airways
Kenya Airways has launched a cargo codeshare partnership with Congo Airways and signed an agreement to lease two Embraer E190 jets to Kinshasa-based airline.